7 easy ways for beginners

Cryptocurrency investing is becoming more popular day by day, and for good reason. Bitcoin, for example, has performed better than many assets for many consecutive years, attracting the attention of retail and institutional investors.
As attractive as cryptocurrencies are as investments, navigating the crypto space and making strategic investments can be daunting if you’re just starting out. Fortunately, there are easy ways to invest, even for complete beginners.
If that sounds like you, here are seven ways to invest in crypto without knowing much about the industry.
1. Buy and hold
By far the easiest and safest way to invest in cryptocurrencies, buy and hold, is the method that many long-term investors use for crypto investments, whether institutional or retail. All you do is buy a digital asset like Bitcoin, Ethereum or whatever and store it in your crypto wallet.
The trickiest part is protecting your cryptocurrencies, and it depends on the type of wallet you use. Anyone with a good understanding of the crypto space will advise you to opt for a hardware wallet if you want to make substantial investments in crypto. To help you choose, here is a comparison of the two main hardware wallets.
If you are new to crypto and want to play it safe, buying and holding digital assets is a good choice.
2. Crypto Staking
Crypto staking is an investment method that is growing in popularity. It’s a way to help secure a cryptocurrency network and get rewarded for it. Proof-of-stake networks rely on the critical role of stakers in keeping their networks secure.
If you want to help maintain such networks while being rewarded, staking is an option to consider. Find out what proof of stake is to get started with this, and you can proceed to purchase and stake as many cryptocurrencies as you wish.
Ethereum is one of the most popular cryptocurrencies used for this purpose, but there are many other cryptos you can stake. Luckily, you don’t need advanced crypto knowledge to do this, and you can become a staker with just a few clicks on any of the listed platforms.
3. Crypto Loan
Crypto lending is another way to invest in crypto with very little involvement on your side. Basically, you make your funds available for lending on a crypto lending platform, and when users borrow your funds, they repay with interest, some of which goes to you.
Learn about crypto lending and how it works to find out if it’s an investment option you want to explore. You can participate without having any experience with cryptocurrencies, but a little experience certainly helps.
4. Crypto Airdrops
There are over 20,000 cryptocurrency projects and new ones are popping up every day. These new projects want to familiarize you with their crypto tokens, so they give you some for free. The process is called a crypto airdrop.
There are many websites to receive cryptocurrency airdrops and be on your way to becoming a crypto owner. You need to complete a few tasks, such as sharing project information on social media or using their platform.
Some crypto airdrops can be substantial, like the Uniswap airdrop in 2020, so don’t take this lightly.
5. Crypto Faucets
Another way to get a foothold in the crypto pool is through a crypto faucet. Like Airdrops, Faucets give you units of cryptocurrency to complete a few tasks, ranging from spinning a wheel to watching online videos and advertisements.
There are several crypto faucets where you can go for crypto every day without having to buy with cash.
The rewards may not be large initially, but these assets can appreciate and you will be glad you owned them. There was a time when faucets gave out full bitcoins.
6. Ask to be paid in crypto
Today, many employers are willing to pay their employees’ salaries in cryptocurrencies. As someone interested in owning cryptocurrencies, you can ask your employer to pay you in any cryptocurrency. You’ll have to respect the answer you receive, but it’s worth asking.
In fact, crypto is a popular payment method for freelancers who work in different parts of the world, some of whom do not have access to international payment options. Several companies in the United States and other parts of the world have also incorporated crypto as an option for paying salaries.
By getting paid in crypto, you don’t have to actively buy cryptocurrency with fiat money, as it may cost you some in fees. You never know if your employer is open to this idea if you don’t talk about it!
7. Cloud operation
Cryptocurrencies such as Bitcoin, which use the proof-of-work consensus mechanism, should be mined. Miners used to do this on their home computers when the process was easy. However, those days are over and miners are now coming together to mine and share the profits.
They do this through cloud mining, and anyone can participate. You don’t need to know much about crypto because you won’t be actively involved in the mining process. All you have to do is join a mining pool and contribute hashing power by paying for it. You will then receive a share of the mined cryptocurrency based on the hash power you contributed.
This can be a source of passive income if done right, so be sure to research all cloud mining companies, so you don’t fall for a cloud mining scam, because there are plenty out there.
What is your crypto investment method?
If you are new to the crypto space, these are ways you can use to invest initially. There is little complexity and almost no technical or active participation is required on your part.
Some ways involve a bit of capital, but some don’t, so you can get started regardless of your financial situation. Just be sure to err on the side of caution as there are plenty of scams and fraudsters in the space waiting to take what’s yours.