How to earn crypto by watching videos
In the “Earn Crypto” series, readers are introduced to a wide range of platforms, applications and ways they can earn cryptocurrency for participating in the Web3 space. Read on for a list of streaming platforms that pay in crypto along with instructions on how to earn cryptocurrency by watching videos.
Table of Contents
Platforms for Earning Cryptocurrency by Watching Videos
Let’s take a look at 9 of the most popular platforms that let you earn cryptocurrency by watching videos online.
Theta Network (Theta)
Theta Network (THETA) is a decentralized video platform built on blockchain technology. Theta Network aims to change the way video content is broadcast and distributed.The platform uses a peer-to-peer network where users can share their unused bandwidth and computing power to stream and host videos. Theta Network delivers content directly from creators to viewers without the involvement of traditional streaming services. Rewards for sharing bandwidth, watching videos, and sharing videos are paid in native TFUEL tokens. Token holders also get access to premium content, special events and other benefits.
You May Also Like: Theta Networks Top Gainers With BTC Up 58% Amid Uptrend
Livepeer (LPT)
Livepeer (LPT) is a blockchain-based protocol designed to decentralize the video streaming industry. With the LPT token, users can participate in the network and earn rewards. Token holders can deploy their LPT as a transcoder on the network. These transcoders are responsible for processing and encoding the video streams. By investing the LPT token, users are rewarded based on their contributions.
Verasity (VRA)
Veracity is a platform focused on improving the video streaming industry through blockchain technology. Verasity provides transparency and rewards for both content creators and viewers. Users can earn VRA tokens by watching videos, participating in reward programs, and watching advertisements. Content creators also earn tokens based on the engagement their videos receive, such as views, likes and minutes. These tokens can be redeemed for other currencies or used to offer premium content to viewers.
DTube
DTube is a video sharing platform based on Steemit, a social media and blogging platform built on the blockchain. The blockchain-powered platform works like its peers including Facebook and Instagram. It allows users to share and comment on content. Its main difference is that users can collect monetary awards with maximum participation on the platform. Through its two native digital currencies, Steem and Steem Power, Steemit allows content creators and other participants to earn financial rewards. Payments are made in Steam or Steam Power, and the immutable nature of the blockchain helps ensure that content on DTube is resistant to censorship.
AIOZ Network (AIOZ)
The AIOZ Network (AIOZ) is a protocol designed to address high costs, poor user experience and lack of privacy in the video streaming industry. The platform uses peer-to-peer network technology, decentralized storage, and AI to enable high-quality streaming services without relying on centralized servers. The AIOZ network controls content quality through a decentralized rating system, where users are rewarded in local AOIZ tokens for providing valuable content.
MovieBloc (MBL)
Moviebloc aims to disrupt traditional distribution models in the entertainment world and create a decentralized platform where content creators can interact directly with their audience. The platform is designed to provide a transparent, efficient and fair experience to both content creators and users. Users and creators can earn the platform’s native MBL token to participate in the ecosystem, and this token provides access to premium content and other services.
LimeWire (LMWR)
Limewire (LMWR) is a blockchain-based platform for sharing music and other content. Limewire’s platform is a decentralized peer-to-peer platform for file sharing. LimeWire allows users to share files directly with each other without the involvement of a central authority. The project aims to provide an efficient and secure exchange of digital content for users. LimeWire’s native token, LMWR, is used as a reward system for users who watch videos, share files, and contribute to the network.
Contentos (COS)
Contentos (COS) is a cryptocurrency project focused on changing the way content is created, shared and valued on the Internet. With Cos.TV, users can earn COS tokens for watching videos and participating in projects. Like many other projects on this list, native token holders get access to exclusive content and other features.
MILC Platform (MLT)
The MILC Platform (MLT) is a project that started in 2021 and focuses on transforming the entertainment industry, especially in the field of video and streaming. The MILC platform token, MLT, serves as the currency for transactions, royalty payments, and investment in content projects. Users are also rewarded with MLT when they create and share valuable content.
How to Earn Crypto by Watching Videos
Getting started with earning cryptocurrency by watching videos is straightforward but there are some steps required to ensure you are maximizing your earnings. Here is a detailed step-by-step guide:
1. Choose a Platform
Start by researching and choosing one of the many video streaming platforms that offer cryptocurrency rewards. Some popular options include DTube, Theta Network, Verasity, and Livepeer. Each platform has its own unique features and reward systems, so choose one that fits your interests and goals.
2. Create an Account
Once you’ve chosen a platform, sign up for an account. This usually involves providing an email address, creating a username, and setting a password. Some platforms may require additional verification steps to ensure the security of your account. For example, DTube requires you to sign in using your Metamask wallet.
3. Set Up a Wallet
To receive and manage your cryptocurrency earnings, you will need a digital wallet. Blockchain video streaming platforms often recommend specific wallets that are compatible with their native tokens. For example, if you are using Theta Network, you may need a Theta Wallet. Make sure your wallet is secure, and you back up your private keys.
4. Explore and Select Content
Browse content available on your chosen platform. Find videos that interest you, as engagement can enhance the overall experience and increase your chances of earning more rewards. Platforms like Verasity allow you to earn more by watching specific videos or ads.
5. Watch Videos
Start watching selected videos. On many platforms, you earn cryptocurrency based on time spent watching, number of videos viewed, or specific engagement metrics such as likes and comments. Make sure you watch the videos until they are complete, as partial views may not give you the full reward.
6. Engage with Content
To watch videos and earn crypto, make sure you interact with the content. This may include liking videos, leaving comments, sharing content, or subscribing to channels. On platforms like DTube and Livepeer, higher engagement levels can lead to higher rewards. Your interactions can help promote content and get more views, benefiting both you and the content creators.
7. Opt for Advertisements (Optional)
On a platform like Verasity, you have the option to view ads to earn extra tokens. This step is optional, but it can significantly increase your results when you earn crypto by watching videos. Make sure your ad preferences are set correctly to receive ads that match your interests.
8. Complete Tasks or Challenges
Some platforms, like Vevue, offer tasks or challenges that you can complete for extra rewards. These may include creating specific types of content, reviewing products, or participating in promotional activities. Completing these tasks can significantly increase your income.
9. Check and Redeem Your Earnings!
Check your wallet regularly to monitor your earnings. Most platforms provide a dashboard or earnings summary where you can track your accumulated cryptocurrency. This will help you keep track of your progress and make necessary adjustments to your viewing habits to maximize earnings.
Risks and Challenges
While earning cryptocurrency by watching videos can be a dream for crypto users, it is important to be aware of the risks and challenges involved. Let’s take a look at how to stay safe when you earn crypto by watching videos.
Market Volatility
One of the main risks involved in anything involving crypto is the inherent volatility of your assets. Crypto is a highly volatile asset class, and if you earn crypto, you should be aware that the value can change rapidly in a short period of time. This can be beneficial, but also detrimental. If you’re making money watching videos, tracking market trends and considering converting your earnings to a more stable currency, such as a stablecoin, if you’re concerned about volatility.
Platform Stability
The stability and reliability of the platform you choose is important. Not all platforms have the same level of security and operational history. Some may close unexpectedly, causing you to lose revenue. It is important to research and choose platforms with a solid reputation and track record. Additionally, decentralized platforms can offer better flexibility than centralized platforms.
Privacy Concerns
When you sign up for these platforms, you’re often required to provide personal information and create a digital wallet, which can pose privacy risks. Make sure the platform has robust data privacy policies and safeguards in place to protect your information. Be careful about the amount of personal data you share and consider using platforms that prioritize user privacy.
Fraud and Scams
When you’re signing up on a platform that asks you to login with your crypto wallet, make sure you’re clicking on the right URL! Sometimes scammers trick users with fake links designed to steal user funds. To avoid falling victim to such schemes, check URLs against links found on the project’s social media to ensure they are legitimate. Stick to well-known and reputable platforms, and be wary of any that make unrealistic promises or require significant upfront investment.
Technical Challenges
To get crypto to watch videos, it’s best to have a basic understanding of how crypto works and how to use a wallet to keep your funds safe. Technical issues such as network congestion, wallet compatibility, and transaction fees may cause you to lose funds or have a bad experience. Fortunately, you’ll find all kinds of educational content here at crypto.news to show you how to get started.
Final Thoughts
Learning how to earn cryptocurrency by watching videos is a growing trend in the digital content market. Crypto video platforms like the ones mentioned in this article offer unique ways of creating viewers and content, giving users multiple options to explore and earn digital currency. However, it is important to be aware of the potential risks and challenges associated with these platforms in order to make informed decisions.
Start exploring these crypto streaming platforms today and turn your video watching habits into a profitable venture.
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