Updated: Mar 10, 2021
There will be many articles listed on this blog covering new and innovative ways to make easy money with cryptocurrency, including staking coins and DEFI applications. However, many of these methods require a bit of technological know-how. This article will cover a method of making money that couldn't be any simpler. All you have to do is watch a few 2 minute informational videos, take a few really easy quizzes and BAM! You suddenly have anywhere from $4 to $10 worth of crypto in your online wallet-- for only 10 minutes of your time! This article will show you how to do this on Coinbase and Coinmarketcap.
The New Asset Class
Cryptocurrencies and the technology behind it- blockchain- have been the talk of the town for over a decade now. Why? Mostly because of its potential to return explosive profits in little time. In 2017, cryptocurrency valuations grew by 1000s of percentage points. In that year alone, the king Bitcoin exploded from around $1,000 to just over $20,000 before a steep correction overcame the market.
However, a large percentage of these same investors don't understand the technology nor do they understand how this nascent industry can change the world. In addition, there are billions of non-investors who don't even know what a 'bitcoin' is. It's for these reasons that blockchain companies have opted to educate people on the industry in return for rewards in the form of cryptocurrency. This is a brilliant form of advertising you'd only see in this market.
Earn by Learning!
At the time of this writing, only two blockchain companies have engaged in this kind of advertising. These companies are Coinbase and Coinmarketcap. These are two of the biggest companies in this space. They can achieve this type of marketing because they've already developed the infrastructure to quickly add coins to wallets they moderate on your behalf. Thereafter, you can just hold and save these new crypto-assets, or convert them into US dollars.
Frequently mentioned on this blog, Coinbase is the king of exchanges in the U.S. If you're an American who knows nothing about crypto, then Coinbase is the best place to invest. It is safe, easy to use and even insured. They are also the first exchange to embrace this new form of marketing. As it says on Coinbase.com/earn, "Discover how specific cryptocurrencies work — and get a bit of each crypto to try out for yourself."
For instance, at the time of this writing, you can earn about $6 of the mobile-friendly cryptocurrency Celo (CGLD) just by watching a few videos about Celo and taking super easy quizzes about what you learned. Other crypto that have participated in this program in the past include Stellar Lumens, Kyber, Compound, Basic Attention Token and much more.
Coinmarketcap.com has been around even longer than Coinbase. However, they didn't have the infrastructure to participate in a program like this until they were bought out by the exchange Binance. Binance, as mentioned many times on this site, is perhaps the king of all crypto exchanges internationally.
Coinmartketcap just began their 'Earn by Learning' program, so they've only done this with a few coins. At the time of this writing, you can earn Kava.io (KAVA) by taking a few simple quizzes that amount to no more than a few minutes. The first crypto to have participated in this program was Band Protocol (BAND). As it says on their website, "Acquire crypto-assets in a fun and low risk way, by watching videos and testing your knowledge."
Knowledge is Profitable
Today, there are thousands of tokens in the market. Each carrying its own particular use and target audience. No one knows for sure which of these assets will become the Amazons and Googles of the future. However, as illustrated by this article, there are plenty of ways to educate yourself and even get paid for doing so. In addition, with the volatility often seen in this market, knowledge is more important than ever. And profitable.