Top 5 ways to make money on Cryptocurrency during quarantine

The quarantine imposed due to the risk of coronavirus COVID-19 spread has affected our lives in many ways: some businesses are closing, so people are compelled to look for an extra income stream. We have reviewed five ways to earn money on cryptocurrencies from home. Due to them you will be able not only to enjoy this “compulsory vacation”, but also to benefit from it.

Even considering the hard times we are going through now, when the world is at the edge of the largest economic crisis in history, earning on cryptocurrencies has never been more relevant. Indeed, digital money is a great way not only to increase your wealth, but also to preserve its value, which is especially crucial in times of crisis and high inflation.

1. Investments, bounty/airdrop

One of the best-known ways to boost your income is Investing. Although, not everyone knows that you can actually “invest” not only your money, but also time. Therefore, one of the ways to earn money during quarantine is to participate in bounty and airdrop campaigns.

Bounty and airdrops are the events held by stock exchanges or projects, the purpose of which is to fulfill one or more tasks (subscription, review, etc.) to get a reward in tokens or cryptocurrency. In bounty campaigns, besides simple actions, you will also be provided with other options for earning tokens. You’ll be able to create videos, translate the project website or documents, write articles.

Such services are much more valuable, so if you have your own blog, a sufficient number of subscribers, or you are the author of a popular community — you can earn money using it. After the share listing, the rewarded tokens can be sold on stock exchanges for bitcoins and other cryptocurrencies.

2. Margin trading

Another instrument that can transform your free time into a net profit is margin trading (leveraged trading). Its main advantage is the fact that you do not need to have a large deposit to trade and make a profit. Even with just as little as 30–50 dollars on your account you can enter large transactions. It is extremely relevant, especially during periods of low volatility. And the risk is small: just your deposited $30, or the part of it that you prepared to enter a transaction (depending on the margin type).

3. Cryptocurrency faucets

Cryptocurrency faucet is a super easy way to earn cryptocurrency, even a child can do it!

Cryptocurrency faucets are special websites where you can be rewarded for completing certain tasks within a limited period of time. In other words, all you have to do is to click a button on the website page once an hour. For each click you will be charged a certain amount of cryptocurrency to your account. The point is that the administrator of this site shares with you a part of the profit he can earn on advertising due to your activity on his website. This method is perfect for those who are too busy with their household chores or just do not want to get too distracted from watching favorite TV shows.

Even though click rewards are small, the final amount of profit is totally up to you. There are lots of cryptocurrency faucets available that offer you to earn various cryptocurrencies and only you can decide how many of them you are ready to use simultaneously.

4. Microcrediting

The point of this method is that you lend cryptocurrency you own. To do this, first, you need to register as a lender on one of the specialized credit platforms that mediate such transactions.

It’s quite a risky business, since there is always a chance that your borrower will turn out to be a scammer. However, considering the high interest rate and particular relevance of cryptocurrency during the financial crisis, this passive income technique can be really profitable.

5. Mining

And finally, the cherry on top is Mining, which is easy to combine with all the options above, giving you the opportunity to spend your time during quarantine as profitable as possible.

Since many mining farms use obsolete equipment, which after halving will become even more unprofitable — entering this market now can be a great opportunity for you to earn good money. Moreover, it is quite easy to get the necessary mining equipment even during quarantine.

But is mining going to be profitable? Taking into consideration the reducing competition, farms that use modern equipment and have access to affordable electricity will become even more profitable. The remote mining at ECOS-M can offer you these conditions — you buy the necessary equipment online, collocate your ASICs to hosting site and start getting revenue right the next day! And you are the ultimate owner of the equipment, it can be removed from hosting upon your request and shipped to you.

Which option of moneymaking to choose? It’s totally up to you. In our opinion, the best one is mining. This method can generate you a significant income, multiplying the invested money.