10 Ways To Make Money With Bitcoin
10 Ways To Make Money With BTC
There are various ways in which you can earn money in the form of bitcoin. Here are top 10 ways through which you can make money with bitcoin
1.Buy and HOLD
It is the safest way to make money with Bitcoin. You just have to buy bitcoin from an exchange and hold it for long term. You can later sell it when the price increases ( which will surely increase in long term). You can also buy other popular cryptocurrencies like Etherium, Litecoin & EOS which can give you good returns.
But make sure to keep your coins safe in a digital wallet because keeping your coins on exchange is not a good idea as they are vulnerable to hacks.
2.Trading in Bitcoin
You need skills like technical analysis, ability to research, risk management & emotional control. If you want to learn trading then you can find tutorials on Youtube.
The easiest way to start is buy low and sell high, this method works very well because crypto, being a volatile market, can fluctuate 5-10% in a day depending on the choices you make.
With practice and consistency you can be a good trader and make profit in trading.
If you some extra time then you can earn bitcoin by doing simple tasks like watching a YouTube video or completing someone’s survey. These services pay you in different coins like Bitcoin, Dogecoin etc.
Some services that provide you such microtasks are:
Bitcoin Faucets are reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for doing small tasks such as watching videos, taking quizes, answering short questions or captcha.
You can readily check one of the most popular faucet sites here.
This is not advisable to anyone but still if you want to try your luck then you can check it. The best part about bitcoin gambling is that it allows you to avoid geolocation-based restrictions, and untracable transaction makes you anonymous. Also you get you can get bitcoin bonuses at Bitcoin casinos.
In layman’s term mining is the process in which using your PC’s computing power to keep bitcoin system working. In return you are getting compensated with some bitcoins.
You spend your PC resources and electricity and you are given back digital currency.
Mining requires a PC with high specs and powerful GPU.
𝘉𝘪𝘵𝘥𝘳𝘰𝘱𝘭𝘦𝘵’𝘴 𝘚𝘺𝘴𝘵𝘦𝘮𝘢𝘵𝘪𝘤 𝘗𝘶𝘳𝘤𝘩𝘢𝘴𝘦 𝘗𝘭𝘢𝘯 (𝘚𝘐𝘗 𝘪𝘯 𝘉𝘪𝘵𝘤𝘰𝘪𝘯) 𝘢𝘭𝘭𝘰𝘸𝘴 𝘺𝘰𝘶 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵 𝘢𝘴 𝘭𝘪𝘵𝘵𝘭𝘦 𝘢𝘴 ₹78 𝘱𝘦𝘳 𝘥𝘢𝘺. 𝘗𝘳𝘦𝘴𝘦𝘳𝘷𝘦 𝘺𝘰𝘶𝘳 𝘸𝘦𝘢𝘭𝘵𝘩 𝘪𝘯 𝘵𝘩𝘦 𝘭𝘰𝘯𝘨 𝘵𝘦𝘳𝘮 𝘸𝘪𝘵𝘩 𝘉𝘪𝘵𝘥𝘳𝘰𝘱𝘭𝘦𝘵.
Bitdroplet is a service provided by the Indian exchange Bitbns which let’s create SIP in Bitcoin. You can start with as low as 400 Rs. And every month the coins in your portfolio increase which will give good returns in long term as the Bitcoin price increases.
Another way of earning from Bitcoin is Lending. If you are holdng Bitcoin you can put your money to work and earn profit by lending it out.
The most popular exchange in the world Binance also started their Bitcoin lending service last year that allows you to earn upto 15% from Bitcoin lending.
Accepting Bitcoin in exchange for your products or services if you are a merchant is a good way of earning passive income. You get paid for the product and you acquire the payment in bitcoin which enables you to earn money with the increasing price of bitcoin.
10.Bitcoin Affiliate Programs
𝘈𝘧𝘧𝘪𝘭𝘪𝘢𝘵𝘦 𝘮𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘪𝘴 𝘢 𝘵𝘺𝘱𝘦 𝘰𝘧 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦-𝘣𝘢𝘴𝘦𝘥 𝘮𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘪𝘯 𝘸𝘩𝘪𝘤𝘩 𝘢 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘳𝘦𝘸𝘢𝘳𝘥𝘴 𝘰𝘯𝘦 𝘰𝘳 𝘮𝘰𝘳𝘦 𝘢𝘧𝘧𝘪𝘭𝘪𝘢𝘵𝘦𝘴 𝘧𝘰𝘳 𝘦𝘢𝘤𝘩 𝘷𝘪𝘴𝘪𝘵𝘰𝘳 𝘰𝘳 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳 𝘣𝘳𝘰𝘶𝘨𝘩𝘵 𝘣𝘺 𝘵𝘩𝘦 𝘢𝘧𝘧𝘪𝘭𝘪𝘢𝘵𝘦’𝘴 𝘰𝘸𝘯 𝘮𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘦𝘧𝘧𝘰𝘳𝘵𝘴.
You can earn money with Paxful’s Bitcoin Affiliate Programs
for referring your friend to buy bitcoin.