As more crypto projects appear and new people join the network, it’s exciting to see that the opportunities to earn cryptocurrency go way beyond trading or mining.
In fact, as a digital nomad, you want to grow your wealth using cryptos, but you also want to enjoy life in the meantime.
So how can you strike that good balance between these two? By looking at some less known yet fun ways to earn more cryptocurrency. Curious to learn what they are? Then, read on!
Many people enjoy finding out about shopping deals, discounts, promo codes or loyalty programs from their favorite retailers, especially when shopping online. While reward programs are nothing new to consumers, crypto cash back reward programs are a relatively new way to earn cryptocurrency when shopping.
Through these crypto-friendly programs, retailers can gain a competitive edge and gain new customers. But it’s not just merchants that benefit from them. For a digital nomad like you, crypto cashback rewards can be a convenient and fun way to earn cryptocurrency. The best part is that, since you are not required to buy any crypto to benefit from these programs, you aren't risking your money.
The way crypto cash back rewards work is quite simple —you purchase your desired products, and a percentage of the amount you’ve spent will be refunded back to your wallet in cryptocurrency (usually, in Bitcoin). Thus, your crypto balance increases while you shop from your favorite merchants.
You have to keep in mind, though, that the amount refunded back to you varies from 1% up to 30% and that there is a waiting period for the transaction to be completed. Once Lolli is paid by the retailer, you will receive your cashback.
To benefit from these loyalty programs, you simply:
If the idea of earning cryptocurrency while shopping sounds exciting enough, here are some of the best crypto cash back rewards apps for you to check out:
Lolli is a crypto cash back rewards service that allows you to earn up to 30% in Bitcoin when you shop at any of their over 1000 partner stores.
It works as an extension that you can install on your browser and notifies you when you're on the website of a partner retailer. The simple and intuitive user interface makes it easy to use so that your shopping experience remains enjoyable.
This crypto cash back rewards plug-in rewards you when you shop online, like you would on well-known services such as Honey or Rakuten. However, the difference is that you have the option to receive the cash back in regular money, but also in Bitcoin too, if you choose to. You'll receive your Bitcoin cashback in your Lolli account, and you can further transfer it to your hardware wallet. Pretty cool, right?
Another perk of this service is their wide selection of partner merchants —from Booking.com to Adidas to Walmart to Sephora to GoDaddy. So you can earn Bitcoin while booking hotel stays, buying sports clothes, or groceries.
The only drawback is that, for now, Lolli is only available in the US. However, if you live elsewhere, you can join their waitlist and get notified when the service becomes available in your country.
The crypto market is a serious place to make money, but that doesn't mean that you should spend your entire day trading to earn cryptocurrency. There are fun alternatives to that. One of them is NFT gaming.
For sure, that sounds surprising, but blockchain technology and games make a good pair. And it seems that they are gaining popularity. So if you want to pass the time at the beach, and you’re not the sunset watcher type of person, you can choose between the multitude of games that give you the chance to earn cryptocurrency by playing.
NFT is short for non-fungible tokens. As a reminder, in economics a non-fungible item has unique properties and is not interchangeable for other things — a Monet painting, for example.
Likewise, in the crypto world, NFTs are tokens used to represent ownership of unique items. Just like that Monet painting that can have only one owner at any given point, NFTs do too.
The Ethereum blockchain is what secures these tokens. So if you want to buy and sell them, you'd use ETH.
While the concept of playing to earn is not new, NFT gaming gives players the chance to win NFTs as digital assets when they complete in-game objectives. Once players pass a certain level or meet other objectives, they will receive NFTs that are automatically transferred through smart contracts.
These transactions gain value because they are based on blockchain, so no one can undo or alter such smart contracts. Also, if these NFTs are later linked to experiences in real life, they can evolve into an asset that other people are willing to pay for.
You can choose from a multitude of games to play, such as:
Earning crypto through gaming may sound like a good way to spend time, but you have to keep in mind that this activity requires you to invest money, even if the amount is small. Therefore, as always, I strongly encourage you to do your own research before putting money into anything.
The crypto space is full of uncertainty, but it also opens up a world of opportunities. Perhaps ten years ago, you wouldn’t have imagined being a digital nomad, let alone invest in cryptocurrency while hopping from one country to another.
The crypto world moves so fast, and if you want to get more cryptocurrency, you have to continuously look for new ways of achieving that. Now that you have learned about using crypto trading bots and NFT gaming, you can increase your earnings while putting in less effort. And this is what living a rich life is all about — creating more freedom for yourself.
If you want to dive deeper into trading strategies and be part of a community of digital nomads trading crypto on the go, join our Simple Wealth Elite program.