Ways to earn Crypto in Singapore (2021)

Ways to earn Crypto in Singapore (2021)

Public Service Announcement (PSA)

No, you do not have to send me your cryptocurrencies. DO NOT send your cryptocurrencies to any strangers that tell you to do so for a return as they are scams.

So how can you earn crypto in Singapore? There are more than a few ways you can do so, read on to find out more 👇

📢 PSA: If anyone tells you that you to send cryptocurrency and get something in return, it is a scam. You will not get your crypto back if you fall for it.

Cryptocurrency Interest Staking

What if I told you that you can generate attractive interests off of some of your cryptocurrencies - similar to how you would deposit money into a savings account? 🤔

Sounds good, right? What’s more, it is actually REALLY easy to do.

For example, the Crypto.com Appmakes things really simple for you to get started while offering up to 14% P.A. on your cryptocurrencies in just 3 simple steps:

1. Register & KYC for an account
2. Deposit or purchase cryptocurrencies that are supported on Crypto Earn

3. Stake your crypto on the Earn page

DeFi: Liquidity Provision & Lending

If you have been into blockchain/cryptocurrencies for a while now, you’ve probably heard a lot about DeFi (Decentralised Finance) by now.

With the help of blockchain, having full control over your funds allows you to be incentivised as a participant in the ecosystem of DeFi protocols by providing liquidity or through crypto lending.

To provide liquidity, you can do so on Automated Market Makers (AMMs):

• Uniswap,
• Pancakeswap
• SushiSwap

For crypto lending:

• Compound Lending
• AAVE (Lend)

Note: You will be responsible for your own funds when interacting with DeFi protocols. Do exercise caution and do your own research before using any of them.

Crypto/Blockchain Jobs

You might have seen on the news that crypto firms are fighting for top talents! This presents a great opportunity to get into the blockchain industry, or maybe to even earn some extra income during your free time.

While not all jobs in blockchain might pay in cryptocurrencies, some do offer cryptocurrencies as payment or as part of your salary package.

You can look for potential opportunities in the blockchain industry here.

Community Campaigns, Bounties, Airdrops

From time to time, you might find some crypto companies/projects that are giving out cryptocurrencies for completing tasks (aka bounties or airdrops), or are hosting campaigns with cryptocurrencies as prizes.

These are usually done to boost awareness of the brand, grow the community, or to boost engagement within the community.

Crypto.com frequently hosts communityevents with CRO as prizes for winning participants.

You can also keep a lookout for airdrops or bounties here, or simply get on Twitter to look out for opportunities!

Cashback/Rebate Rewards

One of the most popular ways of earning cryptocurrencies is by spending! Over the years, a number of cryptocurrency firms are incentivising its users by giving cashbacks or rebates for eligible transactions.

As an example, the Crypto.com Visa Card allows users to spend and earn unlimited cashback rewards for eligible transactions. The cashback rewards can vary depending on the tier you go for.

Note: Crypto.com is currently running a Singapore-exclusive cashback campaign - if you have a Crypto.com metal card stake, you would be able to get 12% cashbacks when you spend with eligible merchants!

That’s all, folks!

Know more ways to earn crypto? Feel free to share them in the comments below! 😊