Dogecoin is a fast-growing crypto open source and P2P cryptocurrency that was introduced as an altcoin to Bitcoin. Funny enough, it started as a comical mimic to Bitcoin but has evolved into serious crypto with thousands of users.
Although its value is currently lower than $1 USD, you can still invest in the coin or earn it in one of the many ways we will discuss here. So, if you would like to earn Dogecoin, here are the options you have:
Earn Through Mining Dogecoin
Are you looking for a legit Doge earn method? Mining is an old but legit method you can use. So, what does it involve? Since it is a mimic of Bitcoin, it copies most of its operations. So, mining involves transaction verification, the release of new coins, and the generation of blocks.
Those involved earn for the work, but they need to invest a lot in both software and hardware. But apart from this, you can also become a miner through Doge mining pools.
Earn Dogecoin for Working
It is possible to get paid in Doge for various jobs done. If you work for an employer who can pay in Doge, especially when working internationally, you will need a digital wallet to store your digital coins before you cash it out or use it to invest in other ways.
Freelancers who do microtasks such as completing surveys, watching ads and videos, and others could also ask the client to pay them in Dogecoin. Lastly, there are a lot of crypto websites looking for writers to work for them, and you could ask them to pay in Doge.
Earn Interest on Dogecoin
If you save Doge on crypto earning platforms, you could be earning since it will yield Dogecoin interest. For instance, YouHodler gives a 3% APY compounded interest for Doge. All you need to do is open an account with YouHodler or any other crypto saving account that interests you and save. Check the terms and conditions before you commit your assets to a platform, such as a type of saving, how often you can withdraw, and other information.
Apart from saving on a crypt saving platform to earn Dogecoin, one can try other means that earn interest on Doge. For instance, you could lend crypto to yield farming platforms. They may pay interest or a certain portion of the profit they get in smart contracts. Check carefully to see all the options you have.
Earn Through Trade Dogecoin
Trading can help you earn Doge. It might be a tasking process that requires getting a favorable exchange with affordable fees and buying initial Dogecoin. Trading involves buying crypto coins at a low price and selling at a higher price. If you need to wait until the value goes up, try holding your Doge with a crypto saving platform to earn Dogecoin interest in the meantime.
Trading is tasking because it requires you to monitor live trading or use the online calculator to understand the trend. Choosing whether to use online exchanges or P2P platforms can be overwhelming, especially for newbies.
Earn Dogecoin Through Bonus and Freebies
If you want free Dogecoin, check for joining bonuses and other freebies that come in the form of Dogecoin. Upcoming crypto websites could be giving sign-up bonuses for picking Dogecoin on their platforms. Likewise, some will allow you to redeem tokens for various projects including airdrops. When you get involved in such initiatives, you could earn Dogecoin to help you invest in bigger projects on the same platform.
As you can see, it is easy to earn Dogecoin through the above options. Anyone can. So, try it today and make sure that you keep checking for new opportunities. Remember that the cryptocurrency sector keeps on evolving.