Recently, there have been a plethora of mobile apps that allow users to earn cryptocurrency, whether it be crypto games for winning , betting or a loan. Either way, these mobile apps are a great way to earn passive income on the go. And since these apps can be easily downloaded to your mobile phone, you can literally earn anytime from anywhere whenever it suits you.
Next, we'll pick some of the best mobile apps to consider when you want to earn crypto passively.
Applications for crypto lending
1. Hoddlenaught
Based in Singapore, Hodlnaut is an interest earning platform that allows users to earn up to 12,73% APY from six supported crypto assets: BTC, ETH, USDC, USDT, DAI and WBTC. The interest is compounded and users will start earning as soon as the funds are deposited. Hodlnaut is available on both the iOS and Android app stores, so users can earn whenever it suits them.
The platform also uses a security-first approach and has made it mandatory for all users to activate the 2FA prior to deposit. In addition, users have the option to withdraw only to addresses on the whitelist. The best part? It also provides an optional Coverage for mutual custody of Nexus, for give consumers an additional option to protect their assets.
2. Celsius network
Available in the Apple App Store and Google Play Store, Celsius Network is a crypto platform that provides a range of financial services not normally available through traditional financial institutions. As such, the company aims to disrupt the traditional financial system by offering services that introduce financial freedom through cryptocurrency.
For example, crypto investors can earn interest of up to 17% APY on over 40 supported currencies by depositing their digital assets into their Celsius Wallet. Users can also borrow fiat currency using their cryptocurrencies as collateral at lower interest rates. Bonus: The platform is reportedly working on a credit card that allows users to earn and receive weekly rewards for crypto collateral.
Play to win crypto games apps
1. Uniting cats
Merge Cats is a crypto winning game that allows users to buy cats using in-game tokens known as SOUL (ETH-20). To earn more, users can merge cats together to create upgraded versions of the cats to get more tokens and rewards. With in-game tokens, users can also have a chance to get daily spins and unlock new achievements and areas in the game.
2. Crypto Idle Miner
Crypto Idle Miner is an online game where users can run their own crypto mining empire to earn in-game tokens known as HORA. Users have the opportunity to earn more rewards when they upgrade their digging facilities to compete in the leaderboard. Moreover, there are even promo codes where users can get more free tokens for the game.
Crypto Betting Apps
1. Exit
If you like to gamble, Exodus is a platform you may have already heard of. The decentralized wallet allows investors to wager seven coins and win prizes of up to 9%. These include Algorand (ALGO), Cosmos (ATOM), Neo (NEO), VeChain (VET), Cardano (ADA), Tezos (XTZ) and Ontology (ONT). Exodus is also known to be very beginner-friendly, with comprehensive cross-chain support. Furthermore, it is free to use and allows investors to control their own private keys.
2. Coinbase
Coinbase no need for introduction. It is one of the largest crypto exchanges globally and offers a host of features for its users. One of which is betting. And if you're already an existing Coinbase user, you'll save the time and hassle of creating another account to wager your tokens. The platform allows users to wager on popular cryptocurrencies like Algorand (ALGO), Tezos (XTZ) and Cosmos (ATOM). Although the rewards are not as high as other exchanges, Coinbase is known as an ideal option for those who are new to crypto betting thanks to its beginner-friendly and easy-to-use web interface.
Final thoughts
With a wide selection of mobile apps to choose from targeting different niches, many of us are spoilt for choice.