Ethereum is one of the most popular cryptocurrencies, along with Bitcoin, with the former currently being ranked the 4th largest cryptocurrency by market cap. The currency was created in 2015 and is operated by the Ethereum Foundation. As the popularity of Ethereum grows, so does the demand for ways to earn money from affiliate marketing, blogging, and much more. In this article, we’ll highlight some of the ways you can make money with Ethereum. Even though there are a lot of methods, we’ll only cover the most effective and easy ways to generate an income stream from this volatile cryptocurrency.
Create a Blog
If you’re a blogger or writer who has a large audience, you can start accepting donations in cryptocurrency. The easiest and most popular method of monetizing a blog is to use a service like Bitmoner. This affiliate network allows creators to connect with publishers and brands who are interested in sponsoring their content.
To get started, simply visit their site and click on the „Get Started“ button to begin building a profile. Next, decide which type of content you’ll create. Will you write about cryptocurrency or the blockchain industry? Once you’ve made that decision, you can begin creating content that is aligned with your target audience’s interests. Finally, choose a cryptocurrency you’ll use as your base currency and begin investing. Remember, the value of your investments can go up and down, so be wary of that fact.
Start an Online Store
If you’re looking to make money with cryptocurrencies, you can always opt for digital goods sales. One of the most popular ways to make money through online stores is to sell and accept cryptocurrency. This could be in the form of either Bitcoin, Ethereum, or a small number of other cryptocurrencies. For example, If you want to create a clothing line for men and women, you could sell t-shirts that say “crypto king” or “crypto queen” with the associated cryptocurrency being Bitcoin or Ethereum.
To get started, you’ll first need to create a digital wallet where you can store your coins. Then, you’ll need to create a store on an online market platform like Shopify or WooCommerce. When a user makes a purchase from your store, you’ll be presented with the choice of paying with a credit card or cryptocurrency. If the user pays with cryptocurrency, you can then choose to either send the payment directly to your wallet or exchange the coin on a platform like Coinbase for traditional fiat currency (like the U.S. dollar).
Start a YouTube Channel
YouTube creators who are looking to make money with cryptocurrencies can do so through affiliate marketing, live chats, and much more. To get started, you’ll first need to create a digital wallet where you can store your coins. Then, you’ll need to create a YouTube account and begin uploading content. As you gain subscribers and earn money from other sources, you can begin investing in cryptocurrency.
Before you begin investing in cryptocurrency, do your research and choose a wallet that is reliable and has a good customer rating. Once you’ve made that decision, move over to Coinbase and create a profile. After you’ve created your account, you can begin making buys with fiat currency or bitcoin using a debit card or through a cryptocurrency app. When you make a purchase, be sure to research the relevant exchange rates before doing anything. Otherwise, you could lose a lot of money if you’re not careful.
Create an App
If you’re looking to make money with cryptocurrencies, you can create applications that help users make purchases with ease. These types of apps usually operate on a mobile phone and allow the user to make purchases with either Bitcoin or Ethereum. For example, a lot of restaurants in the U.S. and Canada now allow you to pay with Bitcoin through accepting the digital currency as a form of payment.
You can also use cryptocurrencies through the PayPal app or Google Pay. If you take advantage of these payment options, you’ll be able to integrate Bitcoin and Ethereum easily into your business models. When a user makes a purchase through your app, you’ll be presented with the choice to either take the payment directly in store credit or send the sum to your wallet as a payment. If you want to take payment in cash, you’ll have to go to a physical store and present the appropriate receipt. As we stated earlier, the value of cryptocurrencies can fluctuate a lot, so be sure to set a budget and a profit goal for yourself before getting started.
Sign Up For An ICO
If you’re looking to make money from cryptocurrency investments, you can sign up with a company that offers ICOs. These are Initial Coin Offerings, which are a popular way for entrepreneurs and innovators to raise funds for their projects. Typically, an ICO will have two phases: 1. Pre-ICO phase: During this phase, you’ll be asked to provide content or interviews with cryptocurrency or blockchain experts. In return, you’ll receive a bounty in the form of cryptocurrency, usually in the form of either bitcoin or ethereum. 2. Main ICO phase: Once you’ve completed the pre-ICO phase, you’ll be able to begin investing in digital goods that have been deployed in a smart contract. Some of the most popular and longest running ICOs include the Golem project, which has raised more than $32 million as of April 2020, and the DigixDAO, which has raised over $16 million in the last year alone. Keep in mind that the price of bitcoin and ethereum can fluctuate a lot, and you’ll need to set a budget and a profit goal before beginning your ICO journey.