Updated: Mar 5, 2021
Although you aren't going to get rich using these platforms, they will help you earn some $$$ while you await the re-opening of the festival circuit. Plus, it's just darn fun to make some cash doing... well... almost nothing.
Coinbase is one of the most popular cryptocurrency wallets on the market. A crypto wallet allows you to easily purchase crypto via a secure link to your bank account or transfer between different cryptocurrencies. What is especially nice about Coinbase is that they offer FREE crypto ($5-8) for watching videos and answering simple questions (called "Earning Rewards") AND you'll receive $10 in FREE crypto when you sign up. That alone is worth checking Coinbase out.
This website browser doubles as a way to earn Bitcoin (BTC). Just load it onto your computer, set the mining speed, and forget about it. If mining speeds are set to the highest level, you may have trouble running some of your programs, so I set the mining speed to high when I'm not working and to low (or I turn it off altogether) when running memory-hogging programs. In about 6 months I've earned $15 worth of BTC… and that's with the setting usually set at low. Just as nice is the fact that it's easy to transfer earnings into a crypto wallet, such as Coinbase, and you can transfer as little as $5 in earnings.
This super simple platform also runs off your computer. On the downside, if you're already running CryptoTab, you'll earn less… unless you turn off or turn down the mining speed on CryptoTab. Plus, their minimum transfer amount is $20, which may take you 6 months to a year to earn. On the plus side, you can earn more just by checking in once a day and clicking on their "Honey Jar" bonus.
Coin is a game app that uses your phone's GPS to earn "coins" that can then be cashed out for Bitcoin, Etherium, or XYO; swag; or gaming systems. The downside is that to earn a lot coin you'll need a Sentinel X (a small device that helps with geo-location, available for about $50 on Amazon) or an NFC card, which you'll be able to get for the price of shipping during the sign-up process. I also recommend purchasing their Lite subscription plan ($8/month)… albeit you don't have to make either of these purchases to begin earning.
(Note: the SentinelX provides greater mining speeds ongoing as long as your phone is within a certain number of feet of the fob. The NFC card provides greater mining speeds but requires the user to scan the card every 4 hours.)
Coin is earned by participating in various standard earning options (watching videos, filling out surveys, etc.). However, the easiest way to earn coin is by keeping the app open while driving, biking, skateboarding, or even walking. If you're sitting at home most days during the pandemic, a "home base" feature allows you to earn even when stationary.
Even though I travel very little, I made a profit of about $20 this past year. You'll earn far more if you drive a lot, regularly participate in surveys, and/or invest in more expensive subscription plans.
Need help or further advice? Check out the XYO Facebook group page.
5. Pi Network
Referral code: Jerrydog123
Just download the Pi app (Android or iPhone) to begin mining Pi, a relatively new cryptocurrency developed by three grad students at Stanford University. All you have to do is check in once a day to restart the mining… and/or connect with up to six other Pi users to develop a "security circle." Although you cannot yet convert earned Pi into $$, it's still fun to get in on the ground floor on something relatively new. And who knows; Pi might be worth big bucks one day!
Need help or further advice? Check out the Pi Network Facebook group page.
Referral code: Kim123
Like Pi, just download the Bee app (Android or iPhone) to begin mining Bee, a new cryptocurrency released in December 2020. Like Pi, all you have to do is check in once a day to restart the mining. And like Pi, you cannot yet use Bee to make purchases or convert it into $$, but being an early adopter sometimes pans out; just think of how much you'd be worth today if you were an early adopter of Bitcoin, for instance!
Are there other legit crypto mining platforms that should be added to this list? Email email@example.com