The Ethereum has seen an unexpected growth in the past few years and its development over the time is unexpected. The invincible Ethereum is not only used as the digital currency like the Bitcoin, but it is used in several blockchain based applications. So, there are no chances for the Ethereum failure. If you’re looking to make money online
, spending the time to earn Ether online is really worth. By the time you have an ETH, you can sell it for few thousand dollars in the future that could help you to fulfill your dreams. In this articles let us see a few ways to earn Ethereum online with and without investment.
How to earn free Ethereum online:
Unlike earning bitcoins online
currently, there are only a few legitimate ways available to earn Ethereum since Ethereum is younger than Bitcoin and yet to reach more people though it is the second most dominant crypto currency. There are sites which have started to pay free Ethereum and we can expect more sites to pay Ethereum for doing online jobs like taking surveys
, completing tasks
& offers etc. For now, there are only a few ways to earn Ether online. More ways to earn ETH will be updated once they are tested and found authentic.
Different ways to earn Ether(ETH) online:
1. Ethereum Faucets:
- The Ethereum faucets are similar to the Bitcoin faucets. The crypto faucets are the online rewarding sites that dispense a small value of free cryptocurrencies to the visitors.
- In the case of Ethereum faucet, the website will give away a small value of Ethereum to its users for free just for visiting their site every few minutes.
- To earn Ethereum in the faucets, the user doesn’t have to complete any tasks. The user has to register for an account and visit the page. The user will be then asked to solve the captcha to prove he doesn’t use any automated program to cheat the system. When the user clicks claim after solving the captcha, the Ethereum will be added to his account which can be withdrawn later.
- There is a reason for the faucets to pay free Ethereum to the users without making them work. They use the online advertising on the faucet page to cover the reward & hosting expenses. This is the key to success of the cryptocurrency faucets.
- Usually, the faucets dispense only a fraction of Ether per visit. So, it is impossible to earn Ether by working on a single faucet. To earn a reasonable amount of ETH, the user must work on multiple faucets at the same time.
Click here – Best Ethereum faucets.
2. Ethereum Mining:
- The Ethereum Mining is the primary way to earn ETH and most of them earn Ether by mining.
- The Ethereum network is not managed by a single organization or entity instead the network is run by millions of volunteers around the world. No one can change the predefined actions on the Ethereum network.
- In simple when a transaction is made in the Ethereum network, the miners work to confirm the transaction by running the mining software.
- The miners will be rewarded with a small miner fees for validating the transaction.
- Anyone can earn ETH by mining. To mine Ethereum, we need a powerful mining device. Thankfully, the graphics cards we used for playing FPS games are good mining device.
- The basic miners use their PC with graphics video card to mine Ethereum. The CPU is worthless when it comes to mining crypto currencies. The Advanced miner build their own mining rig with mining processors or with a series of graphics cards to earn more ETH.
- The mining will be profitable if we are able to mine more Ether tokens than we spend for the electric power used to run the device.
- Unlike the other methods mentioned in this article, the mining is genuine and there are zero percent chances of losing money to the scammers.
- There are few cloud mining sites on the internet where anyone can buy hashing power by investing money. Most of those sites cheat people. So beware of cloud mining sites and try to use your own device to mine ETH join thousand of free miners in the mining pool.
3. Trade Ethereum:
- The Ethereum trading is the best way to invest money in ETH and earn the profit. In simple, investing money to buy ETH and selling it while the price gets higher is the process of profitable Ethereum trading.
- Though there are many sites available primarily for Ethereum trading, it is safe to use the personal wallet for long term investments.
- Cryptocurrency trading requires courage. As the crypto currency value is highly volatile there are chances to lose money due to panic while there is a price dip.
- We must carefully monitor the market and trade ETH at the exact moment. Investing money in a single cryptocurrency is the height of stupidity. We must diversify the portfolio investing in different trusted crypto currencies. One should protect from the other when the disaster happens.
- If you’re planning to trade ETH, the best place to buy Ether tokens is Cryptex24. The Cryptex24 allows us to buy and sell ETH through different sources such as PayPal.
- The Coinbase is another best place to invest in ETH. But unlike Cryptex24, the Coinbase is available only in certain countries and need verification before trading Ethereum.
- The Ethereum trading is the fastest way to earn Ethereum, but there is high risk for the beginners. Similar to other investment platforms, many scammers target the Ethereum to scam innocent people. Unlike real currencies, if the digital currencies are sent to an address, it is gone. We cannot track or cancel the blockchain transactions. So, be careful not to invest ETH in unknown new sites that promise high numbers.
These are the best and proven ways to earn Ethereum online. In the future, there will be more ways available to earn ETH like there are more ways to earn Bitcoin online
. This article will be updated with more trusted ways to earn Ethereum online in the future.