If you’ve given Bitcoin even a passing glance, then there’s little doubt that you’re wondering how to make money with Bitcoin. It’s not like any other currency in existence. For example, take the U.S. dollar (USD). Even though it doesn’t yield income like stocks do, one holds it hoping that they can sell it later down the road for more than what they paid for it originally, right? And if the value of the dollar declines significantly enough over a short period of time, there is an opportunity to profit by buying them while their value is low and selling them when their value appreciates again. Bitcoin Prime scam isn’t the truth. Bitcoins are a completely different animal altogether!
In this blog we will discuss some ways with the help of you to earn money with bitcoin.
1. Affiliate Program
As an affiliate, you can post your referral link on your website or blog to start referring to anyone who is interested in Bitcoins. When someone makes a purchase through your affiliate link, you will get commissions up to 10%. This method of earning money with Bitcoin has been around for ages now and many companies are using it as their main source of income. Some also pay you lifetime commissions which means that even if they close the program one day, you still get paid from all the referrals that have made a purchase through your link!
2. Start mining bitcoins
Bitcoin mining is nothing but solving complex mathematical problems which need a lot of computing power to solve. In return, the miner gets rewarded with bitcoins. Sometimes when you do this process for hours, days or maybe months continuously without stopping in between, you could get a few bucks worth in Bitcoin in your wallet. Doing this continuously can yield a significant amount in your bitcoin wallet in a year. There are many websites who offer free software’s(using which we mine bitcoins) and they pay us some commission on what we have mined using their software. Like if i spend 1$ by purchasing hashpower provided by certain site ,they will give me 0.01 btc as commission.
3. You can sell for BTCs
Of course you can. Just as you would offer dollars, euros, pounds to the people who want to exchange it for those currencies, you can do the same exact thing with Bitcoins! You find someone who wants to trade their BTCs for your government-issued currency and then make an online transaction or meet up with them personally and take their cash in hand in return for your digital Bitcoins! There are many ways of selling bitcoins either by using Cryptocurrency Exchanges which allow buyers/traders to buy bitcoin via different modes of payment.
4. Crypto Trading or Bitcoin Trading
Bitcoin and all the other cryptocurrencies are traded in many exchanges which help people to buy, sell & exchange their coins. People who do Crypto trading also known as bitcoin traders could be simply just buying Bitcoins when the price is low and then selling them off when the prices go higher than what they paid for. This process can be done continuously to yield a significant amount of profit if timed correctly. And we will tell you how! We will discuss one such method called “buy and hold” in the next section.
5. You can earn bitcoins by solving captcha:
There are several websites online who offer bitcoins ( satoshi ) for viewing and solving text/image captcha ads on their website. By doing this, you get few thousands of satoshi’s in your bitcoin wallet which can be exchanged for a dollar or more. If you are good at solving captcha ads, then this method is best for you to earn some quick bucks!
6. Participate in a Signature Campaign:
Many cryptocurrency marketing websites offer people an opportunity to participate in their signature campaigns. In simple words, if you have made a account on any signature campaign website then on that particular website only, your account will get credited with certain number of bitcoins and when other users see your message board posts using their tracking software, they will automatically know that you belong from their own organization and they later on compensate all the participants by paying them bitcoins every week/day/month!
This is not all, there are many other ways of earning Bitcoins online. We will soon come up with many more tutorials on different ways of earning bitcoins which you can use to earn your first BTCs for free infact without even spending a single penny!