5 Alternative Ways To Make Money Without Trading In Crypto

Yield Farming

Yield farms are like a decentralized saving account where you can stake or lend your crypto to generate returns. You can stake your crypto in a “pool” and receive a decent APY (Annual Percentage Yield). In other words, you’ll get rewarded as a liquidity provider. But as the funds of the related pool increase the APY decreases.

Most Yield Farming platforms reward liquidity providers with governance tokens. These tokens you can swap on exchanges for any other token of your choice. You can use Rugdoc.io to search for new upcoming farms and the safest platforms to invest in.

Recommended Yield Farms are Aave, Pancake Swap, Uniswap, and Sushi Swap.

Staking Platforms

This is the process of holding funds in a cryptocurrency wallet to sustain the operations of a blockchain network.

This is not the same as proof of work, used by the Bitcoin network. Anyone can participate in proof of stake, regardless of how much money they have to invest. This is possible because traders and institutions want to borrow these assets. That is why there are companies that will pay you interest if you lend them your coins.

Some companies need you to lock up your funds for a certain period. You must choose from 1, 3, or 6 months to earn a higher interest rate on your deposits. This means you won’t be able to access your funds during this period. But you’ll receive interest paid weekly.

Recommended staking platforms are Binance Earn, Kraken, and KuCoin.


Launchpads acts as an audit service for new crypto projects. By doing this, they protect the investor’s interests.

Launchpads are a great way to get money for new projects that are in the works. This allows investors to gain early access to token sales at a reduced price. These launchpads have their own native token which you can buy and stake. Based on how much you have staked you get allocation for when a new project raises money on their platform.

You will be able to buy a token at a discounted price before it hit the market. When this token gets listed on the exchange you can sell it at a higher price and make a profit.

Recommended launchpads are Trust Swap, Zero Swap, DAO Maker, and Super Launcher.

Blockchain Games

There is a huge opportunity right now when you merge blockchain gaming and NFTs together. In these blockchain games, you’ll receive items like swords, armor, pets, etcetera. The items themselves exist outside the game. You are the truthful owner of all the items. These gaming items are being tracked on the blockchain.

You can use the items in other games, sell them on an external market or convert it to cryptocurrency. The rarer or more expensive the item the more crypto you’ll receive when you sell or exchange it. This is almost the same concept as NFTs only that you’ll need to put some work into it, like playing games.

If you take a blockchain game like Axie Infinity as an example. Their token (AXS) started as low as US$0.145700 and reached an all-time high of US$75.73. Not only did their token skyrocketed in value but their in-game NFT’s sold for between US$190 and US$350 each. The most expensive Axie sold for US$120,000.

Most of the recent blockchain games also use their own in-game tokens. When these tokens increase in value, you can exchange them for other currencies.

Popular blockchain games are Axie Infinity, Splinterlands, Gods Unchained, and Lost Relics.

Centralized Lending Platforms

These are lending services that offer deposits and loans on a centralized platform. When you deposit crypto, you’ll earn interest on those funds. Almost identical to a traditional bank.

These services will store your crypto and lend it out to generate interest. This interest is then paid to you on a daily basis in your account, allowing you to compound it. All these crypto loans are collateralized. Meaning that the amount of funds that these borrowers can loan is always less than the value of the crypto.

Unlike term deposits in bank accounts, you do not need to lock up your crypto for a set period of time. You’ll have access to your funds at any time.

Most of these platforms support numerous coins. You can earn interest on any coin that you want to gain more of. By supplying stable coins like USDT and USDC, you’ll earn more interest than within a bank account.

Recommended platforms are Celsius Network, Nexo, and Blockfi.

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