Crypto Beginner's Guide: 8 Ways to Earn Your First Profit from Scratch
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Crypto Beginner's Guide: 8 Ways to Earn Your First Profit from Scratch
Investing in memecoins is a gamble, but it's also the easiest way to achieve 100x returns.
Navigating Web3 tides with focused insightsAuthor: Dami-Defi
Compiled by: TechFlow
During the 2021 bull market, I quit my job and dove full-time into cryptocurrency. I've experienced success, failure, and learned valuable lessons along the way.
As a newcomer to this space, it can feel overwhelming—but with just a few simple strategies, you can grow from $0 to $10,000 within months.
How can you earn your first substantial sum in crypto?
Many believe that all you can do in crypto is invest—and that you need thousands of dollars to get started.
In fact, you can start earning from $0.
In this post, I’ll show you 8 different ways to make it happen.
They include:
1. Airdrops
2. Contract trading
3. Freelancing
4. Ambassador programs
5. Memecoin trading
6. Free NFTs
7. Grinding for promising whitelists
8. Play-to-Earn (P2E)
Let’s begin.
1. Airdrops
As an early supporter of crypto projects, you receive free tokens.
This usually involves completing simple tasks such as:
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Testnets: Testing projects before official launch
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Registration: Signing up and/or using specific services
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Community engagement
Sometimes, even something as simple as sending a "GM" message in a project's Discord can earn you rewards worth up to $20,000—as was the case with the $RBN airdrop.
2. Contract Trading
Before saying more, I must stress: this isn’t for everyone.
Markets are extremely hard to predict—you need strong analytical skills.
Also, be cautious with leverage—I never go above 5x.
Here’s a tweet that can help you.
3. Web3 Jobs
Creators on X and your favorite projects are always looking for help.
With these skills, landing a Web3 job is easy:
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Ghostwriting
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Graphic design
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Community management
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Social media management
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Content moderation
See this tweet for details.
4. Ambassador Programs
Ambassador programs can be highly profitable—but they’re not easy.
Your role is to drive community engagement and promote the project.
You don’t need capital—just your time.
To find ambassador roles, join large project communities.
Follow their X accounts, join their Discord, Telegram, etc., and ask within the community if any ambassador opportunities exist.
If so, jump in.
5. Memecoin Trading
Investing in memecoins is gambling—but also one of the easiest ways to achieve 100x returns.
You just need to be in the right place at the right time.
Here’s another tweet to help you with memecoin trading.
6. Free NFTs
There are multiple ways to obtain free NFTs:
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Task-based NFT mints, such as Galxe OATs. For example, Aptos gave away $3,000 worth of $APT
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Free NFTs with potential airdrop value
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Gambling NFTs: Also free, but with potential to appreciate 10x to 1000x.
7. Grinding for Promising Whitelists
If you have $1,000 in spare funds you’d like to grow, hot NFT mints and token sales are among your best options.
But even if you don’t want to spend money, you can still participate for free.
The key is securing entry into raffles before the sale begins.
How? By actively engaging in a project’s community well in advance.
8. Play-to-Earn (P2E)
P2E games were huge in 2021—but weren’t that fun.
Four years later, they’ve become far more immersive and enjoyable—you can now have fun while earning.
You can earn NFT or token rewards.
Check out the top 21 P2E crypto games of 2024:
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@DamiDefi
