Crypto earnings remain one of the most lucrative forms of earning in 2023. The technology powering the currency is revolutionary. Thanks to it, we are witnessing the potential of other innovations. Name them; ethereum, NFTs, DeFi, shitcoins, mining, metaverse, etc. Making money from crypto is a process, the first step is determining what earning path you want to take in the industry.

But, What is Crypto?

Cryptocurrency is a virtual currency stored on the virtual blockchain network and it can serve as a store of value, unit of account and as a form of exchange.
Unlike every other currency, bitcoin is not easily acquired by walking into a bank or by exchanging money with your local food vendor. While the popular methods to acquire any asset are through physical buying and selling, bitcoin has an edge over others as it is a virtual currency. You can not get it physically. They are stored in a digital wallet. This brings us to the technology powering the cryptocurrency.

Blockchain (Web3)
Think of it like your record keeping book. In this case, the record is stored on a digital ledger that requires some hardcore computation by nodes and codes before the information can be stored. These computations ensure there is no single entity in control of your information, it also means that you can’t trust the accuracy of the information stored on the blockchain. Where the blockchain is the technology, cryptocurrency is the currency.

Either you are new to crypto, or you have been looking for how to earn crypto in 2023, here are the different legitimate side hustle in cryptocurrency you can explore to earn bitcoin in 2023.  

Offer services and get paid in Crypto
Not everyone has to go through the technical learning of becoming a crypto trader or investor. Just like the writer of this article, you can offer writing services. Blockchain companies and organizations need freelancers, part-time and full-time workers. You can be a Youtuber, a blockchain Dev or Designer, a tech-skilled professional, a business analyst, sales personnel, social media manager, a student, youth influencer and many more etc.  

You can also sell products that people and companies need. All you have to do is to let them know that you do accept payment in crypto.   

Airdrops and Testnet
2021 to 2022 crypto buzz words have Airdrop ranking top. The trend flow will be here as long as new crypto and blockchain projects continue to launch and scale. All you need is to install Metamask and some blockchain wallets, be active on crypto groups and communities, and get involved on social media. Most startups use social media platforms, especially to announce their airdrops and testnet giveaways/ events.  

 

Buy And Sell NFT
Non Fungible tokens are another crypto buzz. NFT projects are everywhere. Sign up on any NFT marketplace to become a collector, buy an NFT and sell high or hodl for long-term interest. NFT is transactional, you can also choose to become an artist who creates and sells these collections.
  
Invest in Crypto Startups and Projects
If you believe in a startup or a project idea, why not invest in it for profits? Investments are of high interest and as such are risky. Make sure you have done comprehensive research and technical analysis on the project. Other popular forms of crypto investments you can try out are Staking and Yield Farming.

Staking
Staking will earn you a lot of bitcoin but you also need to have a lot of bitcoin. To stake means to pledge your digital asset to help verify crypto transactions on a network. It is a form of support for a blockchain network. This means when you stake, you simply use your crypto to support the blockchain network to confirm transactions on the network.

Yield Farming
DeFi is one vast innovation of web3 you should get acquainted with. Yield farming is when you commit your bitcoin to a network for rewards. The rewards can be based on interest, transaction fee, or other forms of utility on the network.

Interest-Bearing Account
Although depositing your bitcoin in an interest-bearing account is an unpopular way to earn bitcoin, it is one of the most silently lucrative forms. It is best if you already have some amounts of bitcoin. Some companies provide these services. When you deposit your coins, they loan them out to pro and voluminous traders. The turnover from the loans becomes interest on your bitcoin.
Interest-bearing accounts are interesting because, with them, your bitcoin gets to increase in two ways. Interest from the rise of crypto during the bear market and interests from operating an interest-bearing account.

Gamble in Bitcoin Casinos
If you are skilled at the art and science of gambling, you should try bitcoin gambling to earn bitcoin in 2022. There are already established bitcoin gambling casinos that you can explore. One notable and fair ones include;  bitcoin.comgames, Bitstarz, CloudBet, 7BitCasino, etc.

Bitcoin Lending
Just like the traditional financial service that offers loans, you can explore the different bitcoin lending services. These services look for traders and investors who need bitcoin loans that they can loan your bitcoin to on your behalf. The whole process is usually overseen by these services. All you have to do is sleep while your wallet rises. It is pertinent that you understand that this is very risky. Extra care and caution are advised.

Become A Crypto Trader
This is the most popular way to earn Bitcoin. There are different types of crypto trading you can explore. Arbitrage trading, feature trading, spot trading, and you can even hodl. You can begin crypto trading with little capital.

Disclaimer: This is not financial advice. Articles here are written based on research and experience of the author. Make sure to DYOR before trying out anything in crypto.