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How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency
There are a number of ways that individuals can earn Bitcoin online. Unfortunately, just as in real life, there is no such thing as a free lunch. Any way of earning Bitcoin online will require something in exchange, whether it’s your time or your knowledge or your computer’s processing power.
Some of the methods outlined below will involve minimal effort but will also result in minimal returns. Other means of earning Bitcoin online may be more lucrative but they will require you to have a certain level of knowledge and expertise about the industry and the market.
Therefore, although it may appear to some that Bitcoin, and cryptocurrency in general, is an easy way to make money, it is not as easy as some might expect without the requisite knowledge (a principle that can unsurprisingly be applied to any industry).
However, should you be interested in earning Bitcoin online it may be worth considering some of the below options, ranging from the least difficult (and least paid!) to the more substantial roles available in the Bitcoin ecosystem.
Probably the easiest way right now to earn some free cryptocurrency is to take advantage of Coinbase Earn. As you will probably know, Coinbase is one of the largest and easiest ways to purchase Bitcoin and other Cryptocurrencies.
Last year they launched a new initiative called Coinbase Earn, this is a program where you can earn a variety of different cryptos by watching some educational videos about each crypto and then answering some multiple choice questions.
The coins on offer change, so it’s best to register and participate in any that are available and keep an eye out for their emails as they add new ones from time to time.
This is an easy way to earn a couple of hundred dollars of cryptocurrency which you can then withdraw or sell for fiat on the platform.
There are potentially significant earnings to be made in Bitcoin lending, but there is also significant risk. Bitcoin lending tends to operate through intermediary websites such as Blockfi and Nexo and the concept is as simple as it sounds.
You act as a bank, lending your Bitcoin to another person at a certain level of interest. Because the market is unregulated the levels of interest are generally much higher than the standard bank rate meaning that there is a potential for high returns.
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However, on the flip-side, the unregulated nature of the transaction means that in the event that the borrower does not pay back the Bitcoin to you, there is little recourse available for you to enforce the loan.
The volatility and the risk associated with the Bitcoin lending market means that it is probably a market only accessible to very large holders of Bitcoin, due to the level of risk and the potential expense in enforcing a loan if something goes wrong. However, if handled correctly, there is huge potential market in this sector.
For more information about Bitcoin Lending, take a look at our indepth guide.
Although micro-earnings is the easiest method in which to earn Bitcoin, it is also probably the most time consuming of all the methods discussed, especially when taking into consideration the amount of money to be made.
Micro earning websites pay you in Bitcoin for completing small tasks. In return you can get a (very) small amount of Bitcoin. The most popular forms of micro earnings are as follows:
As suggested by the name, these websites pay users in Bitcoin for visiting certain websites or viewing certain advertisements. There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views, with Ads4BTC probably being the most famous and the most popular.
This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each.
Based on the prices offered by Ads4BTC, if you had 20 second ads running for an entire day, you would make less than $10 per day, so this may not be a viable option for most.
A Bitcoin faucet is a type of website that gives away small amounts of Bitcoin to its users, with owners making money by placing ads on their website and pay individuals who visit the ads or complete surveys.
This industry amounts of over 50% of the traffic on leading Bitcoin websites today. Faucets let visitors earn a percentage of the Bitcoin that they give away to any visitors that you brought in.
This has resulted in users using a Bitcoin faucet rotator that allows users to quickly surf different faucets and earn a commission through rotation links for each faucet visited by you.
However, similar to PTC websites, Bitcoin faucets are not a realistic way to earn good money, with even the best faucet rotators being applied still only enabling users to make no more than $1-2 per day.
Micro jobs are small tasks that can be completed for small amounts of Bitcoin. Websites such as Coinworker offer such tasks, which may involve simply testing a plugin to see if it is successfully compatible with a browser, or just retweeting a post.
Again, the money is small but there is potential to earn a little bit more than the faucets of PTC websites.
Writing about Bitcoin
If you’re knowledgeable about Bitcoin, enthusiastic about the cryptocurrency industry in general and willing and able to share your knowledge, then you can also earn Bitcoin by doing so.
The amount that can be earned by writing about Bitcoin varies, but can be quite lucrative depending on the level of expertise that you have on the subject.
BitcoinTalk Signature Campaigns
The BitcoinTalk Forum Signature campaign pays for users to write posts on the BitcoinTalk forum which includes a product campaign in the signature. Payment levels depend on your membership level on the BitcoinTalk forum, with very little Bitcoin being available for users that aren’t a full member of the forum (to obtain full membership, you need at least 120 posts).
Most campaigns also have certain requirements for posters, such as a minimum word limit or a requirement that no advertisements are directly included in posts. In addition, some campaigns may include a minimum and/or a maximum weekly post count.
The amount of money that can be made from these campaigns varies depending on the number of quality posts that you could make as a user that achieve the word count minimums.
Depending on the campaign you may be able to make $50-100 for 24 hours of work, exclusive of the posts needed to obtain full membership to the forum.
In addition, due to some campaigns operating only allowing for a maximum number of posts per week, there may not be sufficient income within a campaign to earn substantial amounts.
Lots of new Cryptocurrency companies also offer “Bounties” for performing other tasks, such as creating YouTube videos, blogging and posting on social media.
You will earn differing amounts depending on how many followers you have so it can be useful to build your Facebook or Twitter accounts and participate in different campaigns.
You will typically be paid after the ICO has taken place and receive some of the coin or token from the company you helped promote.
Writing for blog and news sites
It is at this point that the potential for making good money begins to rise, although the corresponding requirements for knowledge about Bitcoin also increase at the same time.
There are an ever-increasing number of blogs and news sites that require dedicated writers to discuss Bitcoin and other cryptocurrencies and, depending on your level of understanding about your subject, there are a virtual limitless number of options available to writers, with good quality writers being paid between $30-100 per 1,000 words.
At this level writers can also choose their payment methods, whether it be in Bitcoin or in fiat currency. Websites such as Coinality is a good place to start if you are looking to find jobs writing about Bitcoin online.
If you take the writing route for Bitcoin and your blog or website is a success, there is potential to make money through Bitcoin affiliate marketing. This is a form of marketing where you can get paid a certain percentage of commission for every referral that you bring to an existing Bitcoin business.
If the business operates an affiliate programme, and your blog is read by enough people who link to the business and purchase the product offered, then the commissions can potentially be unlimited, for minimal outlay other than the drafting of the original blog post.
Provide Bitcoin-related services
When it comes to cryptocurrency, if your level of expertise is more on the technical side rather than the writing side, there are plenty of opportunities to get involved in cryptocurrency development projects.
Most of the companies currently operating in the cryptocurrency industry are start-ups with limited infrastructure in place. Therefore, they often need everything from software developers to web developers to mining experts to online marketers.
Depending on the size of the startup a role such as this can vary from being a contracting job that can be completed remotely, or alternatively could be a full-time job.
The amount that can be earned from a role such as this is obviously dependent on the type of role, the level of expertise that you bring to the role and the number of hours that you will be dedicating to the role.
Early adherents to the Bitcoin industry have made significant fees through mining Bitcoin. Mining Bitcoin is the process by which new coins are created.
Mining is carried out using certain computer programmes and utilises the processing power of the miner’s computer.
At its inception, Bitcoin mining was relatively simple and the earliest miners were able to mine thousands and thousands of Bitcoin with limited expenditure.
However, at the same time, the value of Bitcoin was nowhere near where it was today and therefore any large profits being made from mining didn’t really begin to happen until a number of years after when the value of Bitcoin began to rise.
Nowadays, Bitcoin mining is much harder. Each Bitcoin that is mined requires more processing power and therefore mining Bitcoin now involves significant processing power and can no longer be done without specialized equipment.
In addition, the costs of the electricity used to power this equipment is phenomenal, with Bitcoin mining currently estimating to be using the same power per day as a country the size of Morocco.
Because of this, most Bitcoin mining has been taken over by companies who can make profit by scale based on buying large amounts of processing hardware at a discount as well as locating themselves in an area with extremely cheap electricity.
For this reason, China is by far the largest Bitcoin mining country (mining over 60% of Bitcoin), followed by Georgia, Sweden and the US.
There is huge potential to make money on trading in Bitcoin, but it takes a level of expertise and knowledge about the market in the same way that trading on any other financial market does.
In addition, the cryptocurrency market is extremely volatile and therefore may not suit everybody’s tastes and risk appetite. The first issue with trading is that almost all of the trading exchanges operate through Bitcoin or Ethereum, meaning that if you wish to trade in cryptocurrency and don’t own any, you will probably need to own some (with some exceptions).
Websites such as Coinbase or CEX both allow users to purchase cryptocurrency by credit or debit card, or alternatively to purchase via a bank transfer. Once purchased, you can then transfer your Bitcoin to whichever exchange you wish to operate on. If you wish to consider trading, here are some of the options:
Day trading is buying and selling Bitcoins on the same day on the basis of small, short-term price fluctuations in the market. Such fluctuations may be based on market trends or simply rumours. Traders can trade Bitcoin against other cryptocurrencies or against fiat currencies such as the US Dollar.
Running your own Bitcoin Trading bot is an advanced method which can produce good returns if done properly.
We have written a complete guide to trading bots here which will show you the methods and advantages to earning bitcoin and other cryptocurrencies this way. Here are some of the more popular platforms and bots to use:
3Commas is a very popular trading bot which works with a number of exchanges including Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi and YOBIT.
The bot works 24 / / 7 with any device as it is a web-based service so you can monitor your trading dashboard on mobile as well as desktop and laptop computers.
It allows you to set stop-loss and take-profit targets and also has a social trading aspect which allows you to copy the actions of it’s most successful traders.
For more information about 3Commas, check out our complete review here.
Cryptohopper is a cloud-based trading bot which means it can trade cryptocurrency 24 hours a day whether you are at your computer or not. The system allows you to trade on technical indicators, or subscribe to a signaler who sends buy signals.
According to their website, they “are the first and only automated crypto trading bot to integrate professional external signals.”
For more information about Cryptohopper, see our full review here.
The CryptoTrader bot is a cloud based trading bot that provides users with fully automated trading solutions while not requiring them to install the bot on their own system.
CryptoTrader features a strategies ‘marketplace’ that allows users to buy their favorite trading strategy, or alternatively to sell strategies developed by themselves.
Contracts for Difference
Although similar to day trading, CFDs does not involve actually buying or selling any Bitcoin. Instead, you buy a contract for Bitcoin, meaning that you don’t actually have to hold or store any Bitcoin.
One of the advantages of this is that you can short Bitcoin, meaning that if the price goes down, your profit goes up, allowing you to hedge your trades.
One of the disadvantages is that you have no control over the Bitcoin you trade with, as you are not the owner of any Bitcoin or the controller of the private key. It can therefore only be used for trading purposes.
Binary options (so-called because the only option is to win or to lose) is a trade strategy that allows you to predict if the price of Bitcoin will rise or fall in a certain period of time.
If the rise or fall occurs within the set period, you will receive the payout agreed upon when entering into the option. If it does not occur, then you lose your investment.
We recently reviewed IQ Option which is the largest site for trading Binary options.
Although not exhaustive, these are some of the most popular ways in which you can earn income online. As noted at the outset, there is no such thing as free Bitcoin and something will have to be given in return, whether it’s time or expertise or both.
However, with an ever-expanding market the demand for Bitcoin expertise and Bitcoin related products means that there has never been a better time to get involved in Bitcoin.
How to Make Money with Bitcoin: Top 10 Ways to Earn Bitcoin
There are many ways for people to earn Bitcoin on the internet. Any method for earning Bitcoin online will need something in return, regardless of whether it’s your ability or your time or your PC’s hash power.
Many of the strategies mentioned below will require minimal work and in return will give minimal earnings. Other methods for earning Bitcoin online might be more profitable yet they will expect you to have a specific level of learning and ability about the business and the market. Despite the fact that it might appear to some that Bitcoin, and crypto-currency, is a simple method to profit, it isn’t as simple as some may expect without the essential learning (a rule that is valid to any industry).
The most effective method to Make Money with Bitcoin
In case you are interested to know the best way to earn bitcoin online, it might be worth considering the options posted below, which starts from the easiest and less paid to the most difficult and complex options in the Bitcoin environment.
Despite the fact that micro earning sites are the easiest method to earn Bitcoin. It is also the most consuming time method. And at the end, they pay very small amounts of bitcoin.
The most well-known ways to earn small payments in Bitcoin are:
Paid to Click Websites
These sites pay users in Bitcoin for visiting advertised sites or survey certain commercials. There are numerous PTC sites that will pay small sums in Bitcoin for views and clicks, with Ads4BTC presumably being the most well known and the most prevalent. This site enables users to pick between survey promotions that are 5 seconds, 10 seconds or 20 seconds, with various rewards granted for each. In the base of the reward offered, in the event that you had 20-second advertisements running for a whole day, you would make under $10 every day, so this may not be a practical alternative for most.
A Bitcoin faucet is a website that gives away free Bitcoins to its users and in return shows them ads or makes them complete surveys.
This kind of websites measures of more than half of the traffic on Bitcoin sites today. Faucets let their users win some free Bitcoin or free Ethereum. This has brought users utilizing a Bitcoin faucet rotator that enables users to rapidly surf diverse faucets and acquire a commission through every faucet they visit. Just like PTC sites, Bitcoin faucets are not a good method to earn money, with even the best faucet rotators being connected all the day a user will nor make more than $1-2 every day.
Small tasks that that can be finished for small amounts of Bitcoin. Sites, for example, Coinworker offers free bitcoin for completing small tasks, which may include basically testing a plugin to check whether it is compatible with a browser, or simply retweeting a post. Once more, the reward is small, however, there is potential to gain somewhat more than the faucets of PTC sites.
If you go for the blogging way for Bitcoin and your blog or site is successful, there is potential to profit through Bitcoin affiliate programs. In this way, you can get paid a specific level of commission for each referral that you bring to a current Bitcoin business. In case the bitcoin-related business offers an affiliate program, and your blog is visited by enough individuals who connect to the business and buy the item offered, at that point the commissions can be endless, for insignificant cost other than the writing of the blog article.
Blogging and writing for news sites
At this level, we start to see some decent money, despite the fact that the required knowledge about Bitcoin additionally increases in the meantime. There are a consistently expanding number of websites and blogs that require committed journalists to talk about Bitcoin and different digital currencies and, depending on your level of comprehension about your subject, there are a virtual boundless number of alternatives accessible to writers, with great quality content creators being paid between $30-100 for every 1,000 words. At this level, journalists can likewise pick their payment method, whether it be in Bitcoin or in fiat. Sites, for example, Coinality is a decent place to begin in the event that you are looking to for writing about bitcoin jobs on the web.
Blogging About Bitcoin
In case good knowledge about Bitcoin, and are passionate about the technology behind it and are ready to share your knowledge, at that point you can earn Bitcoin by guest posting on cryptocurrency blogs. The amount that can be earned by writing on Bitcoin is variable, however, it can be very lucrative relying upon the level of mastery that you have regarding the matter. This is, in my opinion, the best way to earn bitcoin because you do not risk money and the potential is huge if you are a good writer.
BitcoinTalk Signature Campaigns
In BitcoinTalk Forum there are signature campaigns that pay users to write posts and be active in specific topics. The potential earnings depend on the level of the membership the users has. Also, participants are required to make a certain number of posts per week and also adhere to a specific word count per post and that no advertisements are directly included in the post. You have to be a full member to participate in signature campaigns and the barrier to be a full member is to have at least 120 posts.
The amount of money you can earn depends on the quality of posts you can write and that you accomplish the word count. You might have the capacity to make $50-100 for 24 long hours of work. Doing this consistently to first obtain a full membership and then post every day making the maximum number of posts required every week, is possible to make good amounts of money.
Many of the new Cryptocurrency startups offer “Bounties” for doing different tasks, for example, making YouTube videos, blogging and posting on social media. You will win different sums relying upon what number of followers you have so it tends to be valuable to grow your Facebook or Twitter accounts and take part in those campaigns. You will regularly be paid after the ICO has completed and got a portion of the coin or token from the company you promoted.
Offer Bitcoin-related services
Speaking about cryptocurrency, if you are more technically skilled than writing skilled, there is a lot of cryptocurrency jobs to get in. Businesses and startups operating in the cryptocurrency field are with a limited framework. They frequently require everything from programming engineers to web designers to mining specialists to online advertisers. Despite the startup size, you can be hired remotely as a part-time or freelancer or locally as a full job. The money you can earn depends on the role you get in the company your skills level and the quantity of hours you are dedicating to this job.
Early adopters to the Bitcoin business have made huge earnings through mining Bitcoin. Mining Bitcoin is the procedure by which new coins are made. Mining is done utilizing certain PC programs and uses the processing power of the miners At its beginning, Bitcoin mining was generally basic and the earliest miners could mine large amounts of Bitcoin with simple computers.
Step by step guide to Mine Monero
However, in the meantime, the price of Bitcoin was either close to where it is today. The big profits got years to materialize for the early bitcoin miners when bitcoin price rose. These days, Bitcoin mining is considerably harder. Each Bitcoin that is mined requires more processing power and hence mining Bitcoin currently requires specialized hardware with high processing power and is no longer possible to be done with normal personal computers.
Additionally, the power costs to run such a powerful hardware is enormous, with the overall Bitcoin mining in the world eating power compared to a mid-sized country. This is the reason why most Bitcoin mining farms are run by companies that invested millions in equipment and are able to find cheap electricity.
Because of this, China runs more than 60% of the Bitcoin mining.
In the event that you have a powerful graphics cards on your PC, there are many Altcoins you could mine, however, find out some of our ideas:
Bitcoin Lending (Bitcointalk or Bitbond)
There are chances of huge earnings to be made lending Bitcoins, however, there are additionally big risks. Bitcoin lending can be done through a third party like Bitbond or BitcoinTalk Lending and the idea is as basic as it sounds. You go lending your Bitcoin on their website to someone else at a specific level of interest. Since the market is unregulated the levels of interest rate are usually higher than the standard bank rate implying that there is a potential for big profits. However, on the other side, the unregulated environment implies that if the borrower does not pay back the Bitcoin to you, there is little you can do get your bitcoin back.
The high volatility of bitcoin prices and the potential risks related with the Bitcoin lending market implies that it is most likely a market for Bitcoin whales, because of the high level of risk and the potential cost in enforcing a loan payment in case something goes bad. But if handled effectively, there is a tremendous potential market in this area.
There is a big potential to profit on trading Bitcoin, yet it takes a level of skill and learning about the market similarly to the classic financial market. Moreover, the digital currency showcase is highly unstable and along this may not suit everyone’s tastes and risk affordability. The principal issue with trading is that the majority of the trading happens through Bitcoin or Ethereum, implying that in case you want to trade other cryptocurrencies and you do not own Bitcoin or Ethereum You will need to buy one of them in order to start trading.
Best Exchanges for Trading Cryptocurrency
Sites, like Coinbase or CEX both, enable clients to buy cryptocurrency by credit or debit card, or on the other hand to buy through a bank transfer. Once you have bought, you would then be able to exchange your Bitcoin to whichever coin you wanton exchanges like Binance for example. Find here the Binance exchange review . In case you are interested in trading here are some of the choices you could have:
Day trading is when you buy and sell bitcoin in the same day taking profit of small changes in bitcoin rate. Such price changes can be based on news or technical analysis or just rumors.
Running your own Bitcoin Trading bot is a propelled strategy which can create great returns if done appropriately. Here are some of the most popular bots and platforms to use:
Cryptohopper is a cloud-based exchanging bot which implies it can exchange digital currency 24 hours every day whether you are at your PC or not. The program enables you to exchange on TA indicators or buy in signals if you subscribe to a signaler. As indicated by their site, they “are the first and only automated crypto trading bot to integrate professional external signals.”
The CryptoTrader bot is a cloud-based trading bot that gives users completely automated exchanging options while not expecting them to install the bot on their computer. all alone framework. CryptoTrader has a marketplace where users can buy trading strategies o sell strategies developed by themselves.
3Commas is another trading bot which works with many exchanges including Binance BitFinex, Bitstamp, GDAX, Bittrex, KuCoin, Huobi, Poloniex, Cryptopia and YOBIT. The bot works 24/7 with any device as it is hosted online so you can monitor your trading on a dashboard on your PC or Smartphone. It enables you to set stop loss and take profit orders and furthermore has a social exchanging area where enables you to copy strategies of the most successful traders.
Shrimpy is a trading bot that rebalances your holding. This bot is amazing, I have been using it and you just set it up to keep the percentage of the holdings at the percentage of your choice and set the rebalance time frame like hour day week etc. Statistically speaking 9 in 10 times it has been better to sell if a coint has gone up by 20% because the next day it is down 10%.
Binary Options (which means that you have 2 options, to win or to lose) is a trading system that enables you to foresee if the cost of Bitcoin will rise or fall in a specific timeframe. In the event that the rise or fall happens inside the set time frame, you will get the amount you won. On the other side if that doesn’t happen, at that point you lose your funds.
Trading Bitcoin Futures
Almost just like day trading, trading Futures does not include really buying or selling any Bitcoin. Rather, you buy a contract for Bitcoin, implying that you don’t really need to hold or store any Bitcoin. It is more like betting on the bitcoin price. One of the benefits of this is you can short Bitcoin, implying that if the cost goes down, your benefit goes up, enabling you to hedge your trades. On the other side o you have no power over the Bitcoin you are trading, as you are not the owner of any Bitcoin or you don’t control any private key. It can be used just for trading but at the end, you will get fiat.
Despite the fact that might be more ways to earn Bitcoins, these are probably the most well-known options to secure an income online in the cryptocurrency sphere. There is no things like free Bitcoin and something should be given in order to get bitcoin in return, whether it’s skill or time. In any case, with a consistently extending market, the interest in Bitcoin-related skill increased and it is a good time to get into the Bitcoin world.
An article that might interest you: Get Paid To Watch Ads On Brave Browser
Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.
How to Earn Money with Bitcoins? 15 Best Ways to Get Bitcoins
Let me introduce the 15 ways on How to Earn Money with Bitcoins?
Back in 2009, a Blockchain database expert(s) sat down and decided to develop a digital currency named Bitcoin, under a Blockchain platform, which made a paradigm shift to a mysteries point of view on the internet.
However, the developer(s) of the Blockchain digital currency – Bitcoin is/are unknown, but he/she/they go by the name Satoshi Nakamoto. Satoshi Nakamoto is regarded as an individual or a group of people which up to now is not clear due to unknown reasons.
The inventor of Bitcoin also invented the Blockchain database which is widely used in the cryptocurrency economy.
The blockchain is a digital platform that is incorruptible it further encompasses digital ledger of transactions that can be improvised to record financial transactions and everything that has value.
The blockchain is the backbone of all digital currencies platforms and smart contracts carried out in the cryptocurrency ecosystem.
Bitcoin’s main aim is enhancing economic transactions and exempting traditional transaction systems which are insecure such as banking and direct trading.
A technological wave that has drawn massive attention and demand from corporations, enterprises, and individuals who understand the profundity of the Blockchain technology.
Nonetheless, many people in the 21st century are not familiar with the Bitcoin concept. The public is eager to find out how the Bitcoin and the entire Blockchain technology works.
What did Satoshi Nakamoto intend with the invention of this undeniably ingenious design of the Bitcoin and Blockchain technology?
What is the value of this invention? This article will provide you with the guidelines and profound explanations on how to earn money with Bitcoins and Blockchain technology.
To start with, there are endless methods to capitalize on the new technological invention. Here are some of the ways including a profound explanation for the beginners and people who do not understand the Blockchain concept:
1.) Cryptocurrency Validation:
Currency speculation or validation characterizes buying, selling and holding of currencies for a profit. This is not a strange form of investing since all currencies not only the digital currencies are speculated.
The same way applies to cryptocurrencies. However, in the digital currencies speculation might be a tougher task than expected because it accompanies financial related risks.
You need to have a considerable amount of capital to buy Bitcoin currencies, additionally, you are not guaranteed your speculation that the currency is going to hike given the volatile nature of the crypto ecosystem.
On the contrary, cryptocurrency technology is becoming widely accepted following its beneficial characteristics. Many people have become crypto experts and gained wealth through the platform.
Therefore, if you are capable of buying the Bitcoin currency and hold for a while then sell it later, you might make yourself a significant amount of money.
The only advice I can provide is for you to speculate wisely and watch on the market trends to avoid landing in a pit of regret.
2.) Means of Payments:
This is the simplest way to earn free bitcoins daily from the Internet and one of the best methods on how to earn money with bitcoins?
Because all business people either small businesses or companies can start accepting Bitcoins as the means of payments so as to earn more Bitcoins.
The steps to switch to Bitcoin as a mode of payment are as follows:
2.1.) Obtain a Bitcoin wallet:
A Bitcoin wallet is similar to a bank account with its functions. All you need to have is a verifiable email address to have a Bitcoin wallet.
There is a variety of functions on the Bitcoin wallet; you are supposed to choose the wallet that is compatible with your business category.
2.2.) Display a QR-code:
Display the code containing your Bitcoin address with your cash register – the wallet obtained in step 1 has two options, “Receive money” and “Add Funds”.
These two options contain a QR-code which you should put next to your register. In so doing, your clients can now use Bitcoin for payments using US dollars.
2.3.) Bitcoin Accepted Logo:
You are then supposed to display a Bitcoin accepted logo in your business or shop to notify your customers that you accept Bitcoin mode of payment.
3.) Earn Money with Bitcoins (Special Tips):
As discussed on the previous point, you will need a Bitcoin wallet and a QR code to get payments.
This is not only applicable to shops but is possible even in restaurants and blogs, and supermarkets.
Consequently, you do not need to verify payments of tips since they are voluntary; however, you need to notify your customers of the acceptance of Bitcoin and a method of giving tips in your business. Read about it here: aBitGreedy.
This Bitcoin platform was launched in September 2020. It offers developers, employers and job seekers that are experienced in programming an opportunity to showcase and develop your skills and get paid.
Developers are supposed to undergo a competency exam that includes coding; they are therefore monitored to polish their skills by working with employers on the platform.
Over 6,000 candidates have applied for the job opportunities on Coinality. The platform pays its employees with digital currencies such as Bitcoin, Litecoin, and other altcoins.
3.2.) XBT Freelancer:
This is a platform that provides an opportunity for employers and freelancers to trade and earn money with Bitcoins.
Employers can post projects for free and consequently, freelancers can access projects that are posted by employers and therefore negotiate for the payments.
The employees are ensured of professionalism in doing the projects and are charged with no extra fees.
In return, freelancers are able to receive payments in a few hours with no third parties involved in the transaction.
Payments are issued directly to the freelancer’s Bitcoin wallet regardless of the geographical location.
Both job providers and freelancers are supposed to register on the XBT website so that they can post or receive jobs and make payments respectively.
The platform was established in 2020 long before the vast adoption of Blockchain technology and Bitcoin.
The site used to pay freelancers using the regular currency i.e. the US dollar.
However, due to the invention of a safer digital currency transaction platform, the site shifted to paying its clients using the widely adopted currency: Bitcoin.
The site primarily focuses on matching employers to freelancers; after perfect matches are completed the freelancers are offered jobs that are paid upon completion.
The site is one of the most trusted because, in addition, it offers a mediation platform for clients and job providers in an instance of a misunderstanding.
It provides a platform in various fields such as content writing, entertainment, legal and development.
3.4.) Developing Services for Blockchain:
Blockchain technology is diversified. In this way, if you want to earn money with bitcoins on the blockchain there are various ways to do so.
Gather a group of internet experts, web developers, online marketers, and advisors and come up with an idea of developing a platform.
Let the platform use the Blockchain technology to provide services to the general public and program the payment method of the Bitcoin currency.
We are living in a technologically rational world that is; every service and every product is exchanged online.
Varieties of services you can develop under the Bitcoin currency platform comprise; real estate, online marketing, smart contracts, and data management systems, search engines, online interaction platforms and, trading platforms among others.
3.5.) Lend Bitcoins for Interest Payments:
You can directly lend Bitcoins to people, both the lender and the borrower can agree on the duration and the interest.
You can easily make money with bitcoins easily by lending to others for the interest.
Websites list different borrowers so if you have some Bitcoins you can access borrowers on the website and lend where he will repay the loan with interest.
3.6.) Mining Bitcoins:
This is the most familiar process for many people who understand the crypto markets. Mining Bitcoins is not a process that can be recommended to beginners.
It is expensive, time-consuming and needs some expertise, but the best way to do it is to join a miner’s pool.
Mining pools such as Bitminer provide a platform where the miners can offer them computing power hence enabling miners to earn Bitcoins easily.
3.7.) Earn Bitcoin by Gambling:
Gambling like any other is a win-lose game, you ought to be ready to accept your position. In Bitcoins, you can earn money through gambling.
There are countless gambling sites with Bitcoins on the internet you just need to log in and find out how the process goes. If you are not a “lucky gambler” please do not attempt to.
3.8.) Watching Videos:
It might sound kind of strange. Yes. You can easily earn money with Bitcoins by just watching videos but not just any videos.
There are several platforms that credit your account for each short video watched.
The videos are less than a minute; the requirements are just submitting your email, Xapo account and the Bitcoin address for you to receive payment after watching a video.
3.9.) Bitcoin Affiliate program:
This is the cheapest way to earn Bitcoins for beginners and anyone who is interested in the cryptocurrency technology.
Bitbond is a website that provides a platform that leverages the Blockchain technology.
You earn money by participating in a program known as Bitbond’s Bitcoin affiliate and register for free, in so doing; you can earn money with Bitcoins by bringing in new users to Bitbond.
The simplest way to attract new users is by:
- Establish a link on your website or blog, create traffic on the affiliate link, consequently, you will definitely receive a substantial amount of new users hence make Bitcoins.
- You can also invite new users via email.
- You can post the affiliate link on Facebook or Twitter.
3.10.) Blockchain Mobile Gaming Apps:
Oh, Crop! is a mobile game that lets you play and win by invading the enemies, after getting the high scores you get rewarded using Bitcoins.
The rewards are issued within 5 working days.
Another mobile game is Coin Flapper, upon signing up for the mobile gaming app you are required to issue your email address and your Bitcoin address.
After playing and winning you will be paid through your Bitcoin wallet address.
3.11.) Earn Bitcoins by faucets:
Just like mobile App games, Faucets are simple tasks more or less like games. You can solve captchas or give answers to short questions and get rewarded in Satoshis.
Satoshis add up to make Bitcoins. The captchas you are supposed to solve to receive satoshis are usually in websites that serve as advertisements platforms for businesses and corporations.
The faucet websites are paid by the advertisers where the people who have solved captchas or answered the short questions will get paid via the Bitcoin wallet.
3.12.) Earn Bitcoins by Reading books:
This is the most interesting way to earn money with Bitcoin. Reading elevates your mind and might be time-consuming at times.
But with Blockchain technology, you can read and at the same time earn money. One of the platforms that provide the service is PaidBooks.com.
They have over 600+ amazing classics books, you are just supposed to log on to Digital Artists Online and read as you earn. They usually reward readers with Satoshis.
3.13.) Creating your Own Bitcoin Information Website:
This method of making money is often overlooked by people, but it seems to be the simplest method ever with massive returns and benefits.
Firstly having your own website will help you manage and monitor every activity, therefore, you will have unlimited possibilities to make as much as you want with Bitcoin.
All you need is to provide information on the Bitcoin operation basics and exchanges hence attract new users.
You can also earn money from ads and affiliate programs.
With your own website which is not very expensive to start, you can create traffic hence maximizing the number of Bitcoins you make.
3.14.) Earn by Investing in Bitcoins:
Bitcoin is becoming adopted by many people in the general public as it is ever growing in value each day.
Just like in the investment of shares or bonds investors buy Bitcoins and hold them and wait for a period of time.
Then they analyze the market and if it is favorable they will sell at a higher price than they bought.
For instance, two years earlier one Bitcoin sold for around $250, but right now Bitcoins are selling at about $6K.
If you had bought the biotin at that time and sell it now you could have earned a substantial amount of money.
3.15.) Bitcoin Exchange Platforms:
All of the above-discussed options to earn money with Bitcoins use the Bitcoin to dollar exchange as it is regarded as the most flexible and efficient way to perform transactions.
Besides the U.S dollar is the standard form of currency worldwide, therefore, it presents Bitcoin with many valuable deals.
However, some of the Bitcoins based methods of making money are costly, time-consuming and need some computer information and technology-related experience and expertise.
Usual methods of payments that include western union, Skrill, and Neteller are offered on every Bitcoin exchange platform.
The most secure and flexible payment exchange platforms are those that promote simple and reliable payment methods.
4.) Bitcoin Storage Wallets
4.1.) Hardware wallets – these are small devices that serve as a link to the web and enable Bitcoin transactions.
The devices cannot be hacked by fraudsters; hence they are not connected online.
Therefore, they are the most secure means of storage among the Bitcoin wallets.
It is advisable to store the hardware in a safe place such as safes to avoid the risk of loss or damage.
4.2.) Cloud-based storage – they are also referred to as online wallets.
It is one of the most flexible and convenient methods of storage in the 21st century.
It is because you can access your Bitcoins from any location as long as you have the right gadgets.
The internet connection is required to log on to your account and access the Bitcoins.
However, they are not considered to be 100% secure. This is because the private login keys are contained in the cloud.
Therefore a technical hitch on the host might put your private keys or money stored to lose.
4.3.) Software wallet – the Bitcoin Core Protocol is the original software wallet that is programmed to run on a Bitcoin network.
If you want to store your Bitcoins in the Software wallet, you have to download it together with the ledger and Bitcoin-related transactions from the time it was established.
4.4.) Electronic wallets – they are more or less similar to online wallets they are hosted in the cloud.
They are the most user-friendly means of storage since they provide a formatted file stored on your computer.
However, just like cloud storage, you need to trust the host with your private keys which can lead to the Bitcoins hence lead to a loss.
Electronic wallets can also be downloaded software.
4.5.) Paper wallets – this is just a traditional form of storage, they are papers which contain Bitcoin address and private keys.
It is not a very recommendable means of storage since it is easy for documents to be damaged by water or fire.
Bitcoin and other cryptocurrencies are increasing in value every day and hence, the investors from various countries have welcomed the digital crypto-currency wave with a positive view.
Many people already accepted the bitcoin technology to be flexible as it can be used globally and secure hence it has no middlemen.
On the contrary, Bitcoin has its disadvantages especially when it comes to cost. Transactions on Bitcoin are expensive compared to transactions on fiat currencies.
The other underlying problem with the entire Blockchain technology is that the crypto holders in the payment system depend on records held in the central server.
Hence not providing guaranteed security fearing that the authority trusted for maintaining the records can distort them for their personal gains.
Thank you for reading this article on how to earn money with bitcoins? Make sure to check out our website for more comprehensive content about various cryptocurrency topics.
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