8 Tips: How To Make Money With Bitcoin

8 Tips: How To Make Money With Bitcoin

Do you want to earn money or build your investment portfolio? Bitcoin is a great option to get it. Nowadays there are many ways to earn bitcoins and in this article, I will tell you which are the 8 most used to help you take advantage of the favorite cryptocurrency of the whole world.

1- Earn money with Bitcoin trading

This is definitely the most profitable way to make money with Bitcoin. If you like financial markets and you are struck by online trading then trading with Bitcoin could be an entertaining way to make a profit.

When it comes to Bitcoin trading, the basic speculation strategy applies. You buy when the currency is low in price and wait for the price to rise before selling at a higher price to generate profits. It is important that you understand the market trends and price dynamics if you want to do successful business. How Bitcoin is mainly driven by the news of the day, it is important to follow the bitcoin news closely when actively negotiating the digital currency.8 Tips: How To Make Money With Bitcoin

Some Exchanges also allow Bitcoin trading using leverage, which can help you increase your profits substantially.

You can also negotiate Bitcoin through arbitration; Buy cheap on one Exchange and sell at a higher price on another.

Important note: It is essential to educate yourself about Bitcoin before you start using it. Especially if you want to earn money trading bitcoins. Otherwise, you may encounter some surprises. But once you have a clear understanding of how it works, you will feel much safer when you start using Bitcoin. Learn how to do Bitcoin trading.

2- Win bitcoins completing micro tasks

You can also earn bitcoins by completing micro tasks on the following platforms:

  • The bistro is an application for smartphones that pay you in bitcoins for doing small tasks, such as watching promotional videos, completing surveys and testing applications.
  • Bitcoin Reward allows you to earn money by watching videos, downloading and testing applications, completing market research surveys and other minor tasks.
  • Coinbucks is a smartphone app that allows you to earn bitcoins by playing mobile games, downloading apps for smartphones and completing promotional offers online.

3- Generate bitcoins through Bitcoin faucets

If you enjoy playing games or just do not mind looking at some ads, you can visit the bitcoin tap websites. These websites generate revenue from ads placed on their pages and pay a small amount of advertising revenue to their users. All you need to do is register with your bitcoin address and start earning a few cents of bitcoin every day.

While it is a very slow way to earn bitcoins, these sites allow anyone new to Bitcoin to get bits of the cryptocurrency for free.8 Tips: How To Make Money With Bitcoin

Some of the taps to register for free are Bitcoin Aliens and PTC clicks.

There is also a free open source solution for those who want to start their own tap and it’s called FaucetBox. Once you have the faucet running, you must decide how to make your traffic profitable, either through Google AdSense or, possibly, by using ads compatible with Bitcoin, such as big media or coined.

Check This One: Bitcoin: What is and how the Cryptocurrency works

4- Get bitcoins receiving the tip

Another way to earn money with Bitcoin is through ChangeTip. It’s an easy way to tip people for your service and allows you to transfer funds to anyone you want, no matter where they are.

When you earn bitcoins through tips, it’s like accepting Bitcoin as a means of payment. You need a wallet, a QR code with your Bitcoin address on it and the people who can potentially tip you should be aware of this. There are several places where you can receive tips from Bitcoin.

Your online store is the first thing to start in case you have one. It’s a little simpler because tips are voluntary and you really do not need to check the incoming payment and the exact amount. Just show the QR code and check every day what I enter.

Now you do not necessarily have to have a store. A blog for example or any other website is sufficient. You can show the QR code or simply your Bitcoin address at the bottom of your page or wherever it is convenient and let people decide how much they want to tip you.

Another really original way to get an online tip is Bitfortip. This service allows you to get a tip in Bitcoin.

Imagine that you have a restaurant and you want to encourage your customers to tip with bitcoins, there is this service: bctip.org/es/ is a website where you can print small paper vouchers that have a certain Bitcoin balance in them. When your client has one of these, he or she can simply give it to you or your employees and you can redeem it as a coupon.

5- Get bitcoins through Gambling in online casinos

If you like to play online and want to generate winnings from the bitcoin game, then you can choose from a variety of Bitcoin casinos and betting sites. One of the main online gaming sites of Bitcoin is Crypto Games.

If you like to play craps, roulette, poker, lottery or slots, the bitcoin online gaming market is big enough to satisfy your gaming needs.

6- Earn bitcoins with the sale of products and services

Remember, Bitcoin is a cryptocurrency. This means that you can earn money by selling almost every type of product and service simply by accepting Bitcoin as payment.8 Tips: How To Make Money With Bitcoin

Some of the things that you can sell our clothes, old gadgets, cars and even houses in exchange for bitcoin. Currently, there are a lot of sites that offer platforms for people to buy and sell products in exchange for bitcoins.

Two popular sites to sell products in exchange for Bitcoin are Bitify and Purse.

Bitify: Bitify.com is somewhat similar to eBay or MercadoLibre for Bitcoin. Use an auction system to sell items in exchange for bitcoins. Bitify also offers escrow services (escrow, guarantee) so that buyers can make sure that the goods are delivered first before releasing the bitcoins. The use of the trust service is optional for buyers with a 1% charge. The sellers, on the other hand, have a 2.5% commission on the total sale price of the items. Premium ads are charged at 1.5% of the total cost.

Purse.io: People with Amazon accounts can sell items at a discount on Purse. Buyers who use Bitcoin advertise their wish lists in their Purse.io accounts.

Alternatively, you could sell services, such as a freelancer for example, and be paid in bitcoin. There are numerous freelance platforms based on bitcoin where you can offer your services, such as BitGigs or Coinality.

7- Invest bitcoins and earn interest on Bitcoin Peer-to-Peer loans

You can use your bitcoins to lend to entrepreneurs and small SMEs using the Bitcoin peer-to-peer Bitbond lending platform. You can generate excellent interest through loans through bitbond.com/es.

Peer-to-peer loans refer to a method by which individuals, start-ups, and SMEs can borrow from people without the use of a traditional financial intermediary. This allows financing for those who have difficulty obtaining a loan from a bank and generates strong fixed interest returns, with low transaction rates and a low correlation with stocks and bonds for investors.

Check This One: 6 Useful Tips For A Successful Business In Times Of Crisis

8- Minar bitcoins

Bitcoin mining can be quite complex and is usually not recommended for beginners. The process involves the use of sophisticated machines that are expensive and consume a lot of electricity to solve mathematical algorithms in exchange for bitcoins. Bitcoin miners allow bitcoin transactions by sharing their processing power. In exchange for allowing the bitcoin network to work, they are gratified with new bitcoins. This is what is referred to as “mining.”

If you want to participate in bitcoin mining and are not willing to invest in expensive mining equipment, it is highly recommended to join a mining group. In a mixing well, the miners unite their resources and share their power of ax with the aim of solving a block and divide the reward equally, depending on the number of actions contributed by each person. It is an effective way to motivate small-scale miners to continue their participation in mining activities. One of the most popular mining sites is slushpool.com

Conclusion: You may wonder what is the most lucrative way to earn money with bitcoin? As I explained at the beginning, the most profitable way that is really worthwhile is Bitcoin trading. The other forms mentioned in this article can generate you very little bitcoin money.

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