13 Ways to Make Money with Bitcoin
1. How can I earn bitcoin online?
People
think that Bitcoin is a new form of currency, so there are some magical
ways that you can earn Bitcoin or make money from it easily. I'm sorry
for the bubble burst, but Bitcoin is just like any other currency. There
is no illusory way to earn bitcoin. Although cryptocurrencies in
general may hold some new possibilities for income, the key points are
the same - you need to invest time or money to make money. I am going to
cover 13 different ways to earn bitcoin in this post. Each method that I
will cover will be categorized according to the following topics: How
much effort does it take to use this method? How much money can be
earned through this method? How risky is this method? The methods I am
going through are that I have actually tested myself, so rest assured I
am speaking from experience.
2. Shopping Rewards Effort - Low Income - Medium Risk - Low You can earn free bitcoin while making your regular purchases online. You need to download an extension to your browser using Shopping Rewards Company, use it as a checkout for different brands and earn up to 30% cashback on your purchases. This is a great way to earn Bitcoin when you are shopping for anything you want. Loli is a US shopping rewards company that offers 30% cashback on Bitcoin rewards when users shop online at 1,000+ top merchants, including Nike, Booking.com, Massey, Staples and more. CoinCorner is a UK company that supports well-known brands such as Booking.com, O2, Europecar and Vodafone and lets you earn Bitcoin rewards through cashback.
3. Interest Carrying Account Effort-Low Income-Medium Risk-Medium If you already own a cryptocurrency, you can deposit it into an interest bearing account and earn interest on it. There are several companies providing this type of service, the most popular being BlockFi, Celsius Network, Crypto.com and Nexo. Most bitcoin supply companies allow customers to pay their bitcoins for interest. For example, if you don't need cash, you can still deposit your bitcoin and receive annual interest on your deposit. This means that your bitcoins can create extra income for you instead of lying in your bitcoin wallet.
4. Stacking Efforts - Low Income - Medium Risk - High Certain cryptocurrencies allow you to lock up a portion of your holdings to participate in the legitimacy of transactions on their network. This is known as stacking and is a power-efficient alternative to cryptocurrency mining. The more coins you grab, the more likely you are to be selected as a verifier and receive a reward. Some of the popular cryptocurrencies that allow stacking today are Tezos, Cardano and Etherium.
5. Micro Earnings - Call, PTC, Micro Job Effort - High Income - Low Risk - Low One of the cheapest, easiest but most time consuming ways to earn a bitcoin is through micro income. This means that you will basically do small things and earn a fraction of the money for the time you spend. Some of the more well-known micro-income sites are Bitcoin Call sites that you visit every few minutes to claim a very small amount of coins. The calls are actually a subcategory of the PTC website, PTC means "pay to click". PTC websites will usually ask you to click on an ad or a button on the site to make money from ad sales. In return you will get a small amount of coins. How small? From my calculations, if you work non-stop by clicking a button, you will get an average of anywhere between 5-40 cents per hour. It is not guaranteed your time or even the cost of electricity to run your computer.
6. Trying to make a call - Medium to high income - Low to medium risk - Participating as a middle call user may not make you much money, owning your own call is a completely different story. Today, you can make a cryptocurrency call relatively easily and make money by selling ads on your site. At 99 Bitcoins I ran my own call for about 3 years until I decided to focus on other things. Depending on the advertisers you are using and the amount of traffic you have, you can make up to $ 1000 per month to drive calls. However, running a call requires a reasonable amount of time and effort. You need to set up your own website, manage users, prevent fraud and bring in some initial capital to fund the call when you start. Here's my beginner's guide to making calls.
7. Efforts to Run a Signature Campaign-Medium Income-Low Risk-Low Somewhere in mid-2014, Bitcoin Talk, a major bitcoin forum, began running signature campaigns. Simply put, you can advertise a product using your BitcoinTalk signature and get paid for every post you write. The full list of promotions can be seen in the forum itself. Through a signature campaign you pay according to your membership level at BitcoinTalk. Generally, anyone with less than 'full membership' status will not be paid at all. To become a full member, you will need at least 120 posts under your belt. The post also has limitations; Such as length, original content and much more. Sometimes, there is also a need for a minimum post per week. From my experience you can earn up to $ 5 per hour depending on how much you write and your membership level. This, of course, does not include the posts you need to write in order to gain the required membership level in BitcoinTalk.
8. Trying to Be a Crypto Trader - Medium to High Income - High Risk - One of the fastest, easiest but risky ways you can make money with Bitcoin. Basically you are trying to buy bitcoin when the price is low and sell when the price is high. However, successfully trading Bitcoin is not a matter of luck or conjecture. Profitable traders spend a lot of time learning how to trade and how to overcome the many risks involved in trading. Successful entrepreneurs know they can lose money in the short term but they see it as an investment in their education, since they have long-term goals. If you want to be a businessman, make sure you have the time and capital to invest in good business education.
9. Bitcoin Affiliate Program Efforts - High Income - Medium to High Risk - Low to Medium Probably one of the most neglected ways to make money through Bitcoin is through promoting various affiliate programs. Affiliates are people who promote a certain business for free but get a commission if they manage to pay customers. Many Bitcoin exchanges, products and services have an affiliate program where you can sign up. You then promote your product or service in order to get your own unique affiliate link. Of course there are many ways to promote your affiliate link - you can share it on Facebook, run advertising campaigns on different websites or even set up your own information site and promote your links in the content. That's how 99 Bitcoin started, and I also published a book about it called "My Dirty Little Bitcoin Secrets" which you can download for free. If you want to know more about this method, don't forget to download the book and read from beginning to end - then you will understand the amount of work required to become a successful affiliate marketer. Also, here is a list of highly profitable Bitcoin affiliate programs that I have already tested myself.
10. Gambling Efforts at Bitcoin Casinos - Low Income - Medium to High Risk - Extremely High A very obvious way to try to increase your crypto wealth is to gamble using a variety of bitcoin casinos out there. Of course there is nothing to say in detail about this method but if you decide to risk your money and try your luck, please make sure that the casino you are using must be fair. A trusted bitcoin casino will know that their “house edge” is enough to make a profit and so they will want to prove to their players that they are not manipulating any results. They do this through a mathematical algorithm involving cryptography. The bottom line, a proven fair casino will show you that the results of the game you are playing are completely random. You can also find a list of proven fair bitcoin casinos on our site.
11. Write about Bitcoin Efforts - Medium Income - Medium Risk - Low As the crypto industry develops, more and more news and information websites are popping up. In many cases these sites require authors because they are publishing dozens of articles every week. Since it is difficult to find good writers, if you can submit quality work then you can earn a good revenue by writing about bitcoin and cryptocurrency from the comfort of your own home. The best way to find a job as a writer is to look for the "jobs" section in your favorite crypto publication. You can email the specific site you want to write for, or you can create an author profile on Upwork - an international freelance marketplace. If you have some sample articles in hand before applying for a writing job, this is best because many publications will request previous work before hiring you.
12. Sell a related product or service Efforts - income changes - risk changes - changes If you are not good with the word, you can probably offer a different service. The Bitcoin Talk service thread can provide a variety of services in exchange for Bitcoin. Some of these are creating a website, marketing an online product or even being an escrow agent for bitcoin transactions.
13. Mining Bitcoin Efforts - Medium to High Income - Medium to High Risk - Many people who start with high bitcoin are instantly attracted to the idea of bitcoin mining. I mean, are you making magical internet money from your home computer? What could be better? The fact is that today bitcoin mining has become a profession rather than a hobby. It requires extremely expensive mining equipment, high power consumption, hardware configuration knowledge and actual space to save your miners. Mining Altcoin (such as Ethereum Mining) is cheaper than you need to mine Bitcoin. But that means the hardware will cost less.
Other
electrical problems, configuration, maintenance, etc. are basically the
same. Sometimes you will come across a website or mobile app that tells
you that they will mine coins for you. Most of these services are quite
useless and usually cost you a few cents in exchange for the computing
power and battery of your device. Another option is cloud mining -
paying someone else to handle mining equipment for you while sharing
profits. While this may seem like the norm, most cloud mining sites
today are pretending to use your money for mining, they are actually
scams. Moreover, when there are a few legitimate sites out there, the
money you pay them in bitcoin mining is probably a better investment to
buy bitcoin (as seen in my Genesis Mining analysis). Of course I urge
you to do your own market research in the end, it means you.
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