How to earn Cryptocurrency without Investing or Mining
As the world’s media continues to shine on Bitcoin and cryptocurrencies, more and more people are becoming aware and asking the question “How do I get hold of some?”. Bitcoin keeps appearing in international news for example, as it was announced that it will be traded on the Chicago Mercantile Exchange financial futures market and energy used to mine bitcoin is going to exceed all the power used in housing in the entire country of Iceland.
Currently the most well known way for people to get hold of a cryptocurrency is to buy it on an exchange with fiat currencies or through mining, but there are other ways you can earn cryptocurrency without getting out your wallet. In this article, Crowdholding will look at some of the ways you can get into the world of cryptocurrency without having to pay an entrance fee.
A “faucet”, is a website that rewards people with a cryptocurrency in exchange for performing a simple task. In other words, the user gets paid for completing a certain type of activity, such as signing up for a newsletter or viewing an ad. Websites have long offered a cash incentive in exchange for performing activities and tasks, now they are starting to adopt cryptocurrencies.
But be aware you aren’t going to get rich quick through faucets. The payouts are generally quite small and they are tied to market rates. For example a bitcoin faucet is only going to give you a few cents worth of satoshis per task. (A satoshi is the smallest currently used denomination of bitcoin and is equal to 0.00000001 BTC).