How to earn Ethereum: The 6 methods

First of all, I want to clarify something. In fact, the correct title would be to write "how to earn Ether and not Ethereum. Indeed, Ethereum refers to the blockchain network that underlies the token used: cryptocurrency "Ether".

But it is an amalgamation that is often made, as with that of Bitcoin and bitcoin.

After this small clarification, which can be very important in certain contexts, we can move on to the most important thing to know about Ethereum.

First of all, you should know that after bitcoin, it is the second cryptocurrency in terms of market capitalization. And, some people are predicting that the price of ether is very far from what it should be. Given its importance in the world of blockchain and especially given its discrepancy with the price of bitcoin.

Likewise, there is a lot of talk about Ethereum at the moment, given the fact that they announced that it was going to change consensus and no longer go through Proof of work but through Proof of Stake.

(I come back to this point further down in this article, don’t worry).

So maybe it's a good time for you to earn free ethereum.

Here are 6 methods to earn Ethereum

For those interested in a bit of background, Vitalik Buterin , a Russian-Canadian, is considered a cryptocurrency genius. He was the one who conceived Ethereum in 2013, which was finally launched in 2015.

The great advantages of Ethereum and why it has constituted a big shift in the world of cryptocurrencies is its incredible possibility of use.

Obviously, the biggest use remains smart contacts, as you already know. Basically, with Ethereum you have programmable tools with which you can create blockchain-based systems in a simple way.

You can engage in smart contracts, which are highly secure and verifiable.

1. Ethereum faucets

Yes, in the same way that there are faucets that pay you free bitcoins, there are faucets for ethers.

An Ethereum wallet is a website or app where you can register a wallet address, solve a captcha, and get rewarded for it. It's that simple, really. You just click a button to earn Ethereum.

So, even if this isn't how you'll get rich, it's still an option for you if you don't have the money to buy one.

Here are the faucet sites in Ethereum that I can recommend to you:

• FreeEthereum (A site to earn Ethereum every hour). One of the most reliable I have tried.

There are other faucets for earning Ethereum, but it is true that among those I have tried, this is really the one I prefer.

2. Complete surveys to earn Ethereum

After faucet sites, there are other types of sites that allow you to earn Ethereum. There, it takes a little more time to win. However, the rewards are higher.

These are therefore survey sites, like those that we can see in traditional finance, to earn money online.

The site that turns out to be the most complete for earning Ethereum is, in my opinion, this one:

(By using my link , you earn 500 coins immediately)

• Idle Empire (The good thing about this site is that you can withdraw your money, in Ethereum or bitcoin. You can receive them in your Coinbase account directly.

The other big advantage of this site is that you can also withdraw your earnings as an Amazon gift card, Payoneer card, Steem account, and many other payment methods like PayPal directly. Pretty good, right?

Likewise, I add that here again, you are not going to become rich like Croesus but that this can still bring you cryptocurrencies.

Depending on whether you respond to surveys or watch advertising videos, for example, you will initially earn coins. And here is what the parts correspond to:

• 1000 coins (for example, a survey) earns you €0,10.
• 10 coins gives you €000
• 100 coins (for example it will be 000 surveys in total), then it is €15.
• 1 million coins gives you €100.

Each survey will take you around ten minutes to complete.

So, yes, if you want to earn Ethereum and you tell yourself that in a few years, it will increase in value a lot, this may be a good option for you.

3. Mining Ethereum

For many, Ether is the most important and profitable coin when it comes to mining. Many miners have made a lot of money from ethereum mining.

For those unfamiliar with this world, mining Ethereum primarily involves creating new blocks on the blockchain and receiving ETH tokens in return. Ethereum mining is a process performed by miners (blockchain participants) and involves fact-checking transactions within the network. The first miner to successfully verify a new block earns free Ether coins as a reward for their work.

But, unlike Bitcoin blocks, it takes on average 15 seconds to create an Ethereum block while it takes around 10 minutes to create a Bitcoin block.

So, with the help of a graphics card, wallet and software, you can mine Ethereum.

However, I remind you once again that these are the last moments of Ethereum mining because it will soon switch to the Staking version…

The only thing is that mining calculations are complex and enormous, so it must be done using a computer (in the form of a graphics card). The machine solves these mathematical algorithm and this computing power is called hashing.

Steps for mining Ethereum:

1. Create an Ethereum Wallet and save the Keystore file. Examples of Ethereum wallets could be those of Trezor, Atomic Wallet, Exodus or MyEtherWallet.
2. Buy the necessary equipment  with the right graphics card (GPU) that is powerful enough while consuming the least amount of electricity.

1. Do your profitability calculations before getting started. There are many sites to estimate how much you can earn in Ethereum and see how long it will take you to pay off your equipment. See for example Stelareum to see how much you can earn.
2. Join a mining pool to unite your power with other miners. Today, it is almost essential. Multiple pools exist (they take a small commission on rewards) such as Claymore, CG Miner or MinerGate.
3. Make the required configurations and wait patiently to earn Ethereum. Quite simply.

The advantages of mining Ethereum is that it is accessible to everyone. You just need the right graphics cards. But, most importantly, you will need to live in a country where the cost of electricity is low. This is essential!

Likewise, don't forget that it only becomes profitable to mine Ethereum if Ether increases in value in the coming weeks/months/years. This is a bit like what happened to bitcoin miners, for example. They mined it when it wasn't worth a kopeck and a few years later, they were very happy to see this crazy value that their bitcoins had taken.

Generally, a miner always thinks like this. Even if he is looking for profitability, he hopes that it will take off even more in the future.

4. Earn tokens with Airdrops

So far, we have seen the ways to earn ethereum directly. Let's say that with this method, it is to indirectly earn Ethereum.

In fact, you will earn free tokens that you can later exchange for Ethereum (or other cryptocurrencies). So this is how this method works.

Here, we are going to talk about airdrops. As you may already know, airdrops are rewards you receive in exchange for taking a small action towards the project in question. Very often, it involves advertising by publishing a link on your social networks for example.

There, we will send you ERC-20 compatible tokens (in general) for free to your Ethereum address.

Where can you find airdrop sites?

👿 There are several but it must still be said that it tends to weaken over time. I think there were a lot of bogus projects and on the other hand a lot of users who did it with new accounts (new social networks without content, for example). This is why there are fewer and fewer crypto airdrop offers.

This is the oldest airdrop site and I sometimes find real gems there. It's www.aidropalert.com.

There is a functionality in exchange for a subscription which allows you to receive tokens directly on your Wallet. Otherwise, in free mode, it is entirely possible to earn tokens by manually completing the tasks to be accomplished.

I have to say that it's a shame, I really enjoyed winning tokens like this and I still managed to win some. It must be said that perhaps 1 project in five ends up paying you and the token must subsequently be exchangeable on a platform….

Likewise, it must be said that you can earn more as long as you complete KYCs well. Sharing on social media is no longer enough. So, it takes more time and requires more patience from you.

Often you can earn the equivalent of $15 in a token but don't be too greedy. If you are offered $100, the project is not great, most likely…

Once again, the ideal would be to create a dedicated email address. It will make your life and your email page easier, believe me.

 🙂 If you want a concrete case, here is one:

For example, I participated in the Morpher project , which I discovered on an airdrop platform. They give us $15 in tokens to use the platform. The project is solid, the company is registered in Austria (and not in a tax haven), and the team is visible. For me, the indicators are all positive.

I did it and they ask for example verification of your identity. For me, it's worth it in the sense that I think I will use their services a lot.

In short, if you also want to earn $15 in Morpher tokens to use the platform or to exchange them later on an exchange platform for Ethereum, bitcoins or euros, it's this way.

 😯 I would like to point out that it is also possible that the project takes time to launch, etc. We can never be 100% sure when it comes to crypto projects…

5. Trading (Buying and selling Ethereum)

Of course, I couldn't write an article about how to earn Ethereum without talking about trading.

However, let us be very clear: trading is not suitable for everyone. It's really very risky and very difficult.

To earn Ethereum, you will basically need to buy it at a low price and sell it for a higher price. This is how you will gain added value.

There is no difference between trading ETH and other cryptocurrencies. You must have coins, a wallet and a platform to trade.

How to trade Ethereum (simply)?

1. Create an account and wallet on a crypto trading site like Binance For example. Buy Ether from Any Trusted Seller Platforms generally protect both the buyer and the seller to ensure that neither is left out of the transaction.
2. After purchasing, you may want to hold the coins in your wallet for a period when the value will appreciate. If the set rate is good, you can resell your ether to another user.

Ether trading is easier and faster compared to mining (in my opinion). But, you also need to be patient and know a minimum of the basics of trading to be able to generate interesting profits.

Only invest what you can lose. This is the basis of any investment.

6. Earn interest (staking and lending)

You may already know this method since I talk about it very often on this blog. These are sites that allow you to generate cryptocurrencies.

For this type of DeFi site, I suggest you consult the following article: The 5 best DeFi sites to earn interest on your cryptos!

Interest rates vary depending on the cryptocurrencies and sites.

But, in this article, precisely, what interests us is how to earn Ethereum, so we will stay on that.

For example, here is how much interest you have per year on the following platforms:

• the blockf : ETH at 4,5% per year. Interest is paid monthly. Stable and reliable company.
• Youhodler : ETH at 5%. Interest is paid daily.

So that's an option that I personally use all the time and not just with Ethereum.

It's a really good way to generate passive income and as you know, I really enjoy that 😉

You know, there are other methods too, like fixing certain tasks or bugs in cryptocurrency software and websites. These are basically called bounties. In fact, it's very much like work itself, freelance work paid in cryptocurrency.

Conclusion on methods to earn Ethereum

Even though Ethereum is currently being completely changed, earning ether today is timely I would say.

Before, there was a certain scalability problem and we also saw transaction fees explode even though its founder had precisely criticized Bitcoin for this…

This explains the advent of Ethereum 2.0 which will probably be deployed this year in 2020.

Hopefully this article will have taught you some useful things. See you for a next article and a next video.

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List of links mentioned in the article:

• Le Ethereum faucet
• Survey site and earn 500 coins on Idle-Empire.
• 3/Win $10 with Blockfi
• 4/ Configure a trading bot on Cryptohopp is  
• 5/ The airdrop and bounty site that I use AidropAlert

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Video link:

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Disclaimer: Here on the zonebitcoin blog we share opinions and information and in no way financial advice. 

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To buy cryptocurrencies (in a simple way) :

• Speaking on Bitpanda (Simple and accessible platform)

To generate interest on your cryptocurrencies:

• Speaking on Youhodler (Earn up to 12% interest)

To secure your cryptocurrencies:

• On the wallet Ledger 
• On the wallet safepal

To have fun and play

• The best for Esport and sports betting: CloudBet