Cryptocurrency is a unique financial instrument that allows anyone with internet access to participate in the decentralized economy and earn from it. Investing in cryptocurrencies can yield significant returns, but it's essential to remember the risks, even if they may not be immediately apparent.

Savings Accounts

With several cryptocurrency accounts, you can earn interest on your deposits on the exchange. Some companies are willing to pay for user referrals and holding funds on the platform. This allows you to address various business tasks, such as providing currency for loans to earn additional interest.

Decentralized Lending

Decentralized finance platforms enable you to directly participate in the lending process. Here, users pool their coins and tokens with others on the platform. This pool is then used to provide loans to others for interest and fees. Users earn income from the lending process, while the organizer retains a portion of the fees.

Mining

The foundation of any cryptocurrency is a blockchain, and creating a secure, functioning cryptocurrency requires numerous computers running in parallel. Many of the most popular cryptocurrencies, including Bitcoin and Litecoin, rely on the proof-of-work algorithm. Within this algorithm, users worldwide, called miners, compete to solve complex equations. The winner can verify the next block of transactions and receive a reward.

Staking

Proof-of-work is not the only way to create new coins. Its competitor is the proof-of-stake algorithm. Here, users are rewarded for holding a cryptocurrency deposit for a specified period, similar to bank interest rates.

Games

You can earn passive income even by playing online games! Today, there are numerous crypto games where users can earn real money. Some of the most popular ones include Axie Infinity and Decentraland. In the Philippines, these games became so widespread during the pandemic that they turned into a source of income for those who lost their jobs.