G-1W9DNE4NNB

How to make money from your phone

How to Make Money from your Phone

Yes, it is possible. In today’s post, I will show you how to make money from your phone. I am not talking about working from your phone but using certain apps on your mobile that can potentially earn you a tidy sum of cash.

Not it is not playing silly games to earn vouchers from Paypal or Amazon. I have tried some of these games, and they have all turned out to be scams. What I am talking about is genuine projects that have created apps to mine crypto right from your mobile phone for free.

So what’s the catch? Well, let’s get into the details, and I will show you how to make money from your phone.

Mining Crypto on your Mobile

Mining crypto was quite easy when Bitcoin first started; you could mine it from your PC. These days it is not viable to do it from your PC. You need a specialized mining rig and cheap power for it to be profitable. The other alternative is to join a mining pool, but this can be risky as well. See my post on the IQ Mining Scam.

There is an alternative now. Two new projects have developed apps where you can mine crypto directly from your phone. It cost nothing to join, and you don’t have to invest any money. Just download the app, enter your referral and start mining to collect coins.

So what’s the catch?
The catch is that they have NO market value at the moment. The projects are still in the rollout phase. In theory, if the project’s work and they take them onto the official mainnet, the coins will have a value.

I know that all sound a bit technical, but that is basically how all crypto coins start. Let’s look at each app, and you can decide for yourself if you want to start mining from your phone on the apps.

Welcome to Pi π

The π story in under a 1 min.

 

What is Pi?

Pi is a new cryptocurrency for and by everyday people that you can “mine” (or earn) from your phone.

Disclaimer: Pi is NOT free money.

Pi is NOT free money. It is a long-term project whose success depends on the collective contributions of its members.

Pi is dedicated to helping everyday people capture more economic value that today goes to banks, technology giants (e.g., Facebook, Amazon), and other intermediaries. Pi depends on the collective contributions of its members. If you are looking for quick money, look elsewhere.

I have looked into this project. You can read their White Paper to learn how it all works. From their roadmap, they plan to take the project to Mainnet around the end of this year. This is when Pi will have market value.

To read a full review on Pi, check out my post ===> Is Pi Network a SCAM | Pi Review

To Join Pi π

To start mining Pi for yourself, you need to download the app from your app store and enter the referral code: BigDavo
You can only join with a referral code. This is just a cheap way of marketing for Pi. Don’t worry, and it is not a MLM or Ponzi scheme.

Once you have downloaded it, you need to get verified. This step is important; otherwise, you could lose your coins. It is a simple phone SMS verification, or you can do it with FaceBook also.

Then you need to click on the button every 24hrs to earn Pi; that’s it. Then hope the project succeeds, and your Pi will have some market value.

Remember, everyone thought Bitcoin was a silly idea when it started, and it has recently reached $60,000.

What about Bee

Bee is another mobile app that you can use to mine Bee from your phone. It is virtually identical to Pi. It appears they have copied the Pi idea, but they are a few years behind Pi in their rollout.

Pi is already on the testnet as per their road map and looks like getting to Mainnet. Bee is a little way off that yet.
You can read the Bee White Paper and decide for yourself if you want to mine Bee.

Bee is fast approaching 10 million users and will go to Phase 2 of their roll out when that happens. Bee seems to be growing in users very fast. The mining rates will halve when they reach the 10 Million mark.

I am a little sceptical of Bee and have been trying to find the real-world value in Bee. I am mining Bee, and I mine Pi, so I figure I only have to push another button to collect Bee as well.

If both projects fail, I have only lost a little of my time, no great financial loss. On the other hand, if the projects are good and both achieve Mainnet, they will have some value, and I can exchange my tokens for real cash.

Have your CAKE and Eat it Too

Another option that you will be able to get cash flow from is CAKE DeFi.

CAKE DeFi is a project that is on Mainnet and is solving real-world issues in decentralized finance. They have their own Blockchain, which is called DeFiChain, and their native token is DFI.

You can not mine DFI on your phone, but you will able to Stake it; they are releasing an App very soon. CAKE is trying to make it easy for everyone to generate cash flow from crypto. They are bringing out a mobile app version that is user friendly, so even those new to crypto can get involved and generate cash flow.

At CAKE, you can put your crypto to work for you and earn fantastic interest on it.

You can earn over 100% APR at CAKE.

I currently use all the services at CAKE and have been for over six months. It is working really well for me.

If you would like to check out the CAKE DeFi Platform <<=== Click the link or to learn more first you can read about the world of DeFi and CAKE at my post ===>> How To Make a Passive Income

Conclusion

Blockchain, crypto and decentralized finance are our future, whether we like it or not. I have chosen to learn about them and can now use that knowledge to my advantage for wealth creation.

Pi and Bee are projects that still need to be successful for any money to be made. Will that happen? I don’t know, but I think it is worth my time to mine the coins for now.

On the other hand, CAKE is a successful project, and I generate cashflow daily from CAKE. Currently, CAKE is only available on their platform, but it will soon be available on a mobile App.

I personally use these services, but you need to DYOR and decide for yourself if you want to do it. Who knows? It could be like getting into Bitcoin at the beginning.

Pi and Bee, that is how to make money from your phone, and soon you will be able to have CAKE on your phone too. I love technology and what it brings to the table; none of this would be possible without it.

Now go and get your slice of Pi or CAKE.

OZ Dave


DISCLAIMER: I am not a financial advisor. This is not financial advice. The content and material I provide on 2dsirecrypto.com is my opinion only and general in nature. Always do your own research before investing any money. You should always understand the risks involved in trading and investing and seek advice from licensed professionals before undertaking any investments of your own.

12 thoughts on “How to Make Money from your Phone”

  1. After reading your article I have learned more about cryptocurrencies. It was very helpful to me.
    Pi and Bee are projects that still need to be successful to make money. Will that happen? I don’t know, but I think it’s worth my time mining these coins right now. Thanks for sharing

    1. I am giving them a crack also, who knows what will happen? 

      CAKE DeFi is very lucrative as well, I love CAKE. They pay me interest daily.

      OZ Dave

  2. Interesting post on how to make money on your phone mining cryptocurrencies. I did do a little bit of mining on my PC about four years ago. Recently I checked my portfolio and realized that the $20 worth of Bitcoin I mined turned into $200 which was amazing. That has gotten me into the investing aspect of cryptocurrency. Mining cryptos on a mobile phone is definitely something I haven’t heard of, but I might give it a try. Do you know if mining crypto on my phone could have long-lasting negative impacts on my phone’s hardware?

    1. Hi Kevin,

      Mining on your phone is NOT hard on your phone like it is with traditional mining. You don’t even need to have the app open or your phone on to mine.

      CAKE DeFi is am excellent place for investing your crypto, I can highly recommend them.

      OZ Dave

  3. Thanks for sharing information about these cryptocurrencies with us. My fiance and I have been interested in getting into investing in cryptocurrency but we don’t really have any idea how to get started with that. I like the idea of CAKE DeFi already being very lucrative and the fact they are coming to mobile devices soon. How do you get started with CAKE? Do you have to invest money into the system or is it free to mine and you just have to have the app open on your phone at all times? Those types of apps seem to be the only ones we have found so far in terms of bitcoin mining. 

    1. Hi Rachel,

      CAKE DeFi is an excellent place to start investing in Crypto ===> Open you CAKE DeFi Account

      My other passion is crypto trading and investing you can view my crypto site here ==> Wealth with Crypto

      You can find a lot of info about starting in crypto and investing in CAKE on my other site. You can buy Bitcoin straight from the CAKE platform, then you just need to choose how you want to invest it and put it to work for you. CAKE can be trusted I have been using them for over six months and they have great support. They are legit.

      As for the apps you only need to open them and click the mine button every 24hrs, that is it. 

      OZ Dave

  4. Hi Dave, I’ve just gone through your article on how to make from your phone. I find it very informative and interesting too. In recent times technology has grown rapidly and things have changed to make life easier and faster. I agree with you that some of these things turn out to be scams. Now I wish to ask, how do I know if it is really not a scam? Anyway, your post is truly useful and I thank you for sharing it with us. I will be following your posts to learn more about making money on my phone.

    1. Only you can decide if it is a Scam. You need to DYOR. I always start with the white paper and then decide if I believe in the project. You should get a good idea of what they are about from the white paper.

      I have decided it is worth my time to mine, do your own research, and decide if it is worth your time. If it is a scam, I have really only wasted a bit of time.

      OZ Dave

  5. Thank you for this post too. I have had a good experience with crypto and would like to keep on learning about it. I would like to mine. But I didn’t imagine it could be done from my phone. I had created an account and was mining on a platform called Coinhive. I was mining Monero. But the platform closed. I’ll surely give Pi a try!

  6. Thanks for this post, I actually downloaded PI a while ago and I have been mining every single day. It is pretty cool to get in on it before it hits the main market. Hopefully, it will get to where it is worth real money. I have learned a lot about cryptocurrency in the past few months, it is definitely where all money is going I think.

    1. Hey just make sure you get verified or you could lose all your Pi. They are on Testnet now so they are getting closer, could be on a winner.

      OZ Dave

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top