How to invest into cryptocurrency with absolutely $0
Cryptocurrency is the talk of the finance world, chances are you know someone who has either previously invested into crypto coins or who will be in the near future. What many of these apparent cryptocurrency investors have in common, is they usually have a generous amount of money (to the tune of hundreds or even thousands of dollars) to invest.
But what about those who don’t?
That’s where I can help you.
Jobs for Crypto
One of the main and most rewarding ways to earn cryptocurrency is to offer services to employers in exchange for coins.
If you are a website or software developer, coder, website designer or writer, you can offer employers your services, in exchange for coins which usually can earn you anywhere from $50–100 or more depending on your specific set of skills.
Places you can look for such things are websites such as:
- https://crypto.jobs/
- https://cryptocurrencyjobs.com/
- https://coinality.com/
- http://coind.net/
- https://www.reddit.com/r/Jobs4Bitcoins/
- https://www.reddit.com/r/Jobs4Crypto/
Social media is also a place where employers in the cryptocurrency community search for employees.
Crypto Job Pros
Most of your work will be long term.
You earn a lot quicker using this method, compared to the methods below.
Long term work is likely to be regular.
Crypto Job Cons
Not all work will be permanent.
Work can be irregular, depending upon your employer.
You won’t make as much using this method, however weekly or monthly payments or payments per job from your employer will be higher than those from other sources.
Which ‘Jobs For Crypto’ are the most popular?
The most popular cryptocurrency-paying jobs are for web design and software development. If you can do coding work, design websites or create software then you will likely never be out of work if you know the right places to look.
If you happen to be a writer yourself and would like to write a guide, send a writing sample on the topic of finance to support@cryptfolio.com including your contact details. (Learn more)
Mining
Got a Mac or PC? Of course you do. Well, you can leave several tabs open and just let them mine for you, day in day out — assuming your laptop has the computing power to do so. Through websites like faucethub.io you can mine in Bitcoin, and coinpot.co lets you mine in six currencies.
A way you can slowly but surely gain a large amount of cryptocurrency over time is to use Google Chrome’s web extension ‘CryptoTab’. CryptoTab allows you to use your computers CPU power to mine Bitcoin and one of the nicest features about this Chrome extension is the feature to select how many hashes roughly per second, how high the web miner actually mines for you and the ability to turn it off altogether when desired.
Pay attention to updates on faucet claiming sites, as they often add or already have a mining feature and as mentioned earlier, Litecoin will be the easiest to mine as it pays out the highest.
Shown in the image above is my current CryptoTab extension on my laptop.
You may be thinking, how can a computer mine bitcoin? Actually, CryptoTab mines in Monero, but pays you in Bitcoin, it also has a referral program and with a few referrals, your earnings will rapidly increase, meaning in a shorter duration of time (depending upon the number of your referrals) you could earn more Bitcoin. However earnings depend on the fluctuations of Bitcoin to Monero throughout the day.
A lot of us are addicted to social media and the internet in general, so whilst we waste over 7 hours a day using the internet, we might as well turn our technology into a money making device.
Another great site by the name of Bitcoin Spinner also has a CPU mining feature that you can leave running either throughout the day or overnight to build up, the links can be found below.
There are various other websites that allow you to mine Bitcoin, Litecoin, Ether (Ethereum) and many more.
Some of my personal favourites I would highly recommend for mining are:
And some useful cloud mining sites:
Mining Pros
It is ideal for long term investors who want to invest large amounts for free.
For patient people it will become profitable very easily.
Mining Cons
It takes a while (on average a year for them to reach a few thousand plus) for your coins to become profitable.
(Editor note: You should take into account the cost of your laptop, the wear and tear on your devices, and the electricity used, before considering mining. Unless you have free equipment or power, mining at home is generally not profitable.)
Faucets
A third way of accumulating cryptocurrency is by claiming from trustworthy online faucets, preferably ones that pay you directly into your online wallet.
What seems like an infinite number of websites, offer small micro payments of a fraction of a bitcoin in the form of what is known as a satoshi. The reason it’s called ‘satoshi’ is because it was a man by the pseudonym ‘Satoshi Nakamoto’ who is the anonymous force behind the creation of the Bitcoin. His identity has since never been revealed.
1 Bitcoin is the equivalent of 100,000,000 satoshi.
Sounds like a lot right? Well here’s where it gets easier.
Just about every cryptocurrency has a large number of corresponding faucets. There are a great many, but I’m only going to share the best ones with you. I personally use CoinPot to store my coins, they have their own respective faucets for Dogecoin, Dash coin, Bitcoin, Bitcoin Cash and Litecoin as well as now issuing out tokens to users as a reward for using their faucets.
Their 5 faucets are as follows;
- Moon Bitcoin
- Moon Cash
- Moon Dogecoin
- Moon Dash
and
- Moon Litecoin
Out of all the moon faucets, the best one is Moon Litecoin as the pay rates are so high and legitimate too which is not often found.
Pictured below is an example of how generous the payouts are.
Pictured below is one of the highest paying, reliable Bitcoin faucets I’ve found, that actually pay directly to your CoinPot wallet. Instead of having to keep withdrawing, the site does it for you.
This is an amazing website (pictured below) for claiming Pot-coin and Litecoin especially.
It’s a slow and sometimes boring process, but it’s worthwhile for the price of absolutely zero.
There are many other great faucet websites, examples of some more reliable ones are:
- www.faucetcrypto.com
- https://ethereum-faucet.org/page/faucet
- https://potcoin-faucet.com
- https://litecoin-faucet.com
- https://xpm-faucet.com/
- https://ppc-faucet.com/page/faucet
- https://blackcoinfaucet.com/page/faucet
Get Free Coin sites:
A Website that Makes Earning Coins Fun:
One that pays well in Litecoin and Pot coin:
My personal aim with CoinPot, is to build up coins from all of it’s corresponding faucets, to then convert it all to Bitcoin, send it over to one of my online wallets and finally convert it to Great British Pounds — my desired fiat currency, to put towards investments into bonds, shares, trading and ISA’s.
I would advise this to anyone who would like to make serious money, making their earnings eventually multiply and keep growing without investing a single penny to use all of the above listed faucets.
What You Can Expect
For those thinking of simply withdrawing their currency as soon as they reach minimum withdrawal don’t! Think about how much money you could have in Bitcoin, Litecoin, Ethereum or other coins if you claim from a good 5 or 6 faucets every 4–12 hours a day for a year and then withdrew all of it.
Think of yourself as an investor.
After a year minimum with hard work, you’ll have at least a few hundred of Dollars/Pounds/Euros/Yen or whatever your currency is (Bitcoin is currently at around $7,000+ and will be at it’s highest during December when the market value increases).
I want to make it absolutely clear to all those looking to build up a good amount of cryptocurrency, that the most reliable and cheapest coin to collect is Litecoin, I say this because some of the highest paying faucets distribute out Litecoin to it’s users in high amounts, whereas Bitcoin faucets usually give away just 40 or 50 satoshi a day which is barely anything, it has years of credibility and reliability behind the coin, with the prices fluctuating from around $60–150 making it very cheap to attain in comparison to the more significant coins such as Bitcoin, Bitcoin Cash or Dash coin.
(Editor note: Most cryptocurrencies discourage you from spending or receiving lots and lots of tiny transactions, known as “dust”, by setting transaction fees based on the age and number of inputs [i.e. previous transactions] used in a transaction. If you regularly receive payments from a faucet, you may need to hold onto the currency for 12+ months before it becomes feasible to spend.)
Faucet Claim Limits
It is important to note that most faucets only let you claim every 5, 10, 30 or 60 minutes, but if you’re searching for a site offering unlimited faucet claims, choose websites like bitcoinspinner.io. they have no time limit on when you can claim as well as making it fun to earn satoshi’s with their fidget spinner feature.
You can also complete various offers, watch videos and do surveys to earn coins too, however a lot of surveys that offer small micropayments of crypto-currency in return for doing a survey usually have high screen out rates, so I would would advise sticking with faucet claiming and fidget spinning due to it’s reliability and high payout.
Faucet Pros
With a little bit of patience, you can earn large amounts of coins which in the end would have been worth the wait for the amounts you could attain.
Faucet Cons
Beware of the overwhelming ads and the increase in faucet websites that now won’t let you claim if you have any ad-block software enabled as this effects any faucet claims. As well as the captcha’s you’ll have to complete claiming from these faucets to ensure that you’re not a bot.
It can take a while before your effort become profitable.
You will have to have specific accounts for each faucet website you use, the most common ones are Faucet Hub or Coin Pot wallets.
Always check to see if you can add a wallet address and whether or not you can receive payment immediately or when you reach a threshold, steer clear of websites that need you to reach a high threshold of thousands in order for you to process a withdrawal.
