In today’s world, everyone wants to make quick money without putting in many efforts, so today, we are going to tell you 7 ways to make money with bitcoin. Let’s face it some people think that there is some magical way to earn bitcoins or search on google how to earn bitcoins fast and make money from it effortlessly. But that’s not the case bitcoin is like any other currency out there in the world. However, in this blog, you will learn a few methods on how to make money with bitcoins.
Various Bitcoin faucet sites work on the pay to click basis; basically, this means that you have to do small tasks by doing this you get a part of a Bitcoin for the time you spend. Be it playing a game, clicking on a captcha or watching an advertisement and get rewarded with a tiny amount of Bitcoins (Satoshi). This method takes a lot of time so if you don’t mind getting bored by advertisement and have enough patience you can earn part of bitcoins for free simply by doing these small tasks.
Create your faucet
Now you have used bitcoin faucet sites and it is great for earning a small part of bitcoins for free, but you could improve that numbers of earning if you want to put some effort and time by creating a bitcoin faucet yourself. The benefit of creating your faucet site is you can charge organisations to run their advertisements on your site and get paid in bitcoin.
Trading is one of the fastest ways to make money from Bitcoin. In this method, you buy bitcoin when it is low in price and sell it when the Bitcoin price goes high. However, it’s not a matter of guesswork getting successful in trading requires time and great knowledge of trading. As it is the fastest but not the easiest way to make money trading bitcoins. Fortunately, many apps are there for trading on mobile phones. It lets the trader to trade whenever or wherever they may be so they don’t have to stick on the computer desktops all the time.
In the Affiliate program, people promote certain businesses product or service for free and for every paying customer you bring to the company, you earn a commission. By joining the affiliate program you receive a personal affiliate link. Then all you have to do is to promote that service through that affiliate link. The risk factor in the affiliate program is very low but profitability is very high.
This blog may not be complete without mentioning Bitcoin mining, we will show you how to make money with bitcoin mining in our upcoming video. Over the years Bitcoin mining has become a profession for many people but it requires powerful processors which are expensive, high cost of electricity, space and good hardware configuration knowledge to create a setup for bitcoin mining.
Buying and Holding
How to invest in bitcoin using buying and then holding on to it until the market becomes bullish. This is a latent variable methodology meaning once you own the bitcoin, you don’t have to do much…. just make sure your wallet is secure and that’s it you will start making money over time the reason behind this bitcoin is going to continually go up in value. The logic behind the increasing value of bitcoin is mainly its scarcity. So if you are thinking for long term investment this strategy will help in your Bitcoin investment plan.
Lending Bitcoin works just like any other loan the concept is very simple a lender loans their bitcoin to a borrower then the borrower repays the loan with interest. These bitcoin loans can be transacted between any 2 parties as private loans. There are also some well-established platforms in the market where you can trust. Whereas while dealing in private loans an individual may find it difficult in trusting someone also finding who is willing to lend or borrow bitcoin from them. Therefore always ensure that the second party is trustworthy before putting your hard-earned money.