Friday, 19 April 2024
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How to build a crypto portfolio without spending any money or time trading

How to build a crypto portfolio without spending any money or time trading

Starting to invest in cryptocurrency does not necessarily require attaching a bank account or spending money (fiat) to purchase Bitcoin (BTC) and Ethereum (ETH). Another way to earn cryptocurrency and build a portfolio is to complete a variety of tasks on various Web3 platforms. 

Using decentralized applications (dApps) and decentralized finance (DeFi) platforms, users earn cryptocurrency and then swap, sell or hold them in centralized or decentralized wallets without even having to spend money.

Let’s look at a few ways to build a crypto portfolio without connecting a bank account.

Interact with Web3 browsers

A person without cryptocurrency knowledge might be intimidated by the process of downloading wallets and performing on-chain transactions. An alternative is simply interacting with technology and currently, there are multiple ways to experiment with different crypto platforms. One is replacing a Web2 technology with a Web3 counterpart browser.

Google dominates the web browser and search engine space, making money off user usage by selling data to advertisers. Brave browser is an alternative platform where users earn Basic Attention Token (BAT) and fully own their data while searching. Users earn from their activity on advertisers’ websites and Brave does not sponsor search engine posts, which provides users with a more decentralized search experience.

Currently, Brave shares 70% of its advertising revenue and some users choose to sell their earned BAT at centralized exchanges or through Web3 wallets like MetaMask.

Social media content creation and free NFT Mints

NFTs continue to grow in popularity and potential crypto investors can use a variety of free software to analyze the wallet addresses of successful NFT investors that minted high value NFTs and also try to find free NFT minting and whitelist opportunities.

AI Birds minting overview with notable groups. Source: DegenMint

Colin Helm the CEO at a free-to-play metaverse, Caesarverse noted the importance of free NFTs in the space:

“If users follow social media and community channels closely, they can always find very generous raffles, gain some assets that improve their gameplay experience and build their crypto portfolio just from playing games they may enjoy.”

Some users that have worked the free minting system have generated NFTs that eventually reached a 10 Ether floor.

Related: How to do mobile cryptocurrency mining?

Similar to how NFTs require a social media base for advertising, new…

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