As for now, many crypto enthusiasts focus on bitcoin which ranks first in crypto trading markets. Secondly, most of the traders choose ethereum for trading. Ethereum is the second popular cryptocurrency across the world. It has a separate blockchain that is borrowed from the bitcoin blockchain. So it has taken the second spot and has been an integral part of the crypto world. Ethereum developers so far delivered more than a thousand blockchain projects by pegging the ethereum ecosystem.
Ethereum is a kind of public blockchain so anyone can join and participate in this network. Ethereum also acts as a smart contract to build a decentralized application securely. Ethereum smart contracts are mostly used by startups and business class people to avoid the third parties. Also, users can perform secure transitions. You can also create an ethereum token with the help of an ethereum smart contract development.
The world of digital currency is an industry that makes more millionaires and billionaires in the upcoming years. Also, it is your choice if you want to ride a wave and make an immense profit from the ethereum blockchain. Ethereum is here to stay until the existence of digital currency in the marketplace. Thus, many startups and entrepreneurs are looking for ways to earn more money with Ethereum. So in this blog, we are gonna discuss some easy ways to make money with Ethereum in 2020.
Simple Ways to Generate Money with Ethereum
There are many simple ways to make money with the ethereum blockchain. Now, let us see some of the best ways to make profitable money with Ethereum.
Participate in Ethereum bounties or Airdrops
The simplest way for a beginner to the crypto space to earn Ethereum and other ETH tokens is to participate in bounties and airdrops. Crypto bounties are basically online microtasks. If you complete those microtasks they will pay a small amount in Ethereum or ERC-20 tokens for your completion. There are some popular bounty program categories. Such as writing articles, making tweets, installing apps, or creating YouTube videos.
You can find these Ethereum bounties on some platforms. Such as the Bounty0x or Bounties section of the Bitcointalk. There are no restrictions or wall barriers in generating money with Ethereum. When coming to Airdrops, they are free coins that are sent to your crypto wallet. You can get these coins in your wallet without doing anything. Moreover, to find the most cost-effective airdrops, then you need to do some research and participate manually.
Ethereum mining
If you are an experienced person in the ethereum blockchain, then you can probably consider starting ethereum mining. If you think that this cryptocurrency will keep increasing in value for upcoming years. This is essential because it depends on some factors. Such as mining equipment you buy, electricity costs, and locations. Also, it can take up a few months to get your initial investment. So the value of Ethereum must remain at its current price in the marketplace.
Lending Ethereum
After the rise of Ethereum decentralized apps, ethereum lending has become more popular in the industry. These Dapps allow users to get secure loans through ethereum smart contract development. Ethereum loans are more popular in Bear markets. here investors don‘t need to cut their losses after a 30-90% decline. So this creates an opportunity for all those investors to generate money with Ethereum.
Just like traditional loans, the lender is using next-generation money. You can easily start lending Ethereum. Because there are some ethereum lending platforms. Such as Nexo which makes it easy to get ethereum. Also, Nexo offers an 8% interest for those who are willing to lend their digital currency. If you have an interest in making money, then you must transfer the amount to your account for lending and you can get started. There are also some other popular Ethereum lending platforms. such as CoinLoan, Salt Lending, EthLance, and much more.
Investing in Ethereum
This is one of the simplest ways to make money with ethereum. You can invest your valuable money in the ethereum by signing in any popular exchange. Currently, there are some popular exchanges in the marketplace to invest in ethereum. Such as binance, coinbase, LocalBitcoins, paxful, remitano, and the list goes on. Investing your money in ethereum will give profitable returns in upcoming years.
For instance, the value of BTC is very low at the initial stage. But now, it is a popular and cost-effective crypto in the marketplace. Likewise, ethereum will make a terrific boom in the crypto industry. Because it has a great value in the market and also most of the decentralized exchanges use ethereum for pairing cryptocurrencies. As for now, the price of the ETH is $371. Experts in the crypto community say that it might reach more than $500 at the end of 2020. But make sure and do market research before investing in Ethereum. So the choice is yours and it is not investment advice!
Become an Ethereum Freelance Developer
Aan experienced blockchain developer can earn more than $300k per annum. There are only a few developers with these skills. Also, demand for ethereum developers was rising day by day. So you can expect this amount of salary in the upcoming months. But we are talking about more than 5 years of experienced ethereum developers in the crypto industry. Only those developers can earn more money with ethereum.
Moreover, if you have an interest in blockchain coding or programming then you can better start to learn today. Analyze top-ranking blockchain code learning websites to learn blockchain codes. Once you feel confident to start your service as an ethereum or blockchain developer. Then you have many platforms on the internet to choose from. Such as UpWork, freelancer, and more. Here you will find many clients looking for developers like you to complete their blockchain projects. Also, these kinds of platforms are more focused on the lower end of the market.
Make Ethereum Dapps
Ethereum blockchain has made a new kind of peer to peer application possibilities in the industry. This technology is also used to make smart contract development. which can be completely used in making DApps (Decentralized Apps). DApps are limitless applications and you need to come up with innovative ideas. The important fact about DApps is that once they are set up properly. They can easily make you more money on day and night without any need for supervision. This allows you to build up a portfolio of DApps that provide you with an immense income per month. There are some popular ethereum Dapps in the marketplace. They are Idex, Fork Delta, bancer, crypto kitties, and Local Ethereum.
Create own Ethereum token
You can earn money with ethereum smart contract development by developing your ethereum token. Because nowadays people are searching for ethereum tokens in the exchange platforms. So you can create your own custom ethereum token with the help of any professional ethereum token development company. So that you can make more profits by selling your ethereum tokens.
Additionally, you can write ethereum blockchain blogs to make money. If you are a good writer and you are passionate about blockchain technology and cryptocurrencies. I strongly encourage you to start your own blog website. Once you get a good amount of traffic. Then you will be able to earn money in some factors. Such as by displaying Ads, selling courses, selling your own EBook, or by offering consulting services.
Closing Words
These are simple and easy ways to earn money with ethereum. Here I only mentioned a few of them but there are more outside. Ethereum blockchain will be here until the existence of blockchain and decentralized platforms. Even smart contracts for businesses are completely developed using the ethereum ecosystem. So choose the best way among these and start earning profitable money with ethereum easily in an efficient manner.
