Bitcoin (BTC) has once again managed to be at the top of their game, despite the market responding to geopolitical tensions, the upcoming US elections and, the worrying situation of the Coronavirus.
However, this fascinating digital currency that opened our eyes to a world where secure global payments can be made immediately and at low cost was not without its ups and downs. Investors had to assert themselves during the roller coaster ride, which contracts the stomach for ups and downs so that some make a fortune while others suffer enormous losses.
However, if we enter the eleventh year since its inception and have hundreds of competing digital cryptocurrencies behind us, you can expect Bitcoin to stay here. Given the current price, it seems surprising to remember that a Bitcoin was worth less than a penny in 2010.
Earn money with Bitcoin
But what about those of us who haven't gotten into Bitcoin action yet? Is it too late to make money with Bitcoin?
Under no circumstance. There are thousands of ways that Bitcoin and other cryptocurrencies can be included in our wallets to seduce everyone, from die-hard investors to beginners who just want to have a little fun. Here are some of the most popular methods:
The most obvious way to make money with Bitcoin is by trading.
The appeal of cryptocurrency trading is understandable. While the global stock exchanges usually only open from 9:30 a.m. At 4:30 p.m., the international Bitcoin exchanges never close, which means that the coins can be bought and sold around the clock, 365 days a year, all over the world.
By subscribing to a trading platform, you can exchange your fiat money for cryptocurrencies and anticipate the market with the aim of making money by exchanging bitcoin.
Bitmama is one of the safest and easiest platforms you can trade without worry. It’s easy to get started, take the first step here.
If you're considering becoming a Bitcoin trader, the same rules apply as for all other operations. Research, understand how Bitcoin exchanges make money, and find out how those you're interested in will keep your coins protected.
2. Micro Revenue
If you are blessed with patience and are not bored with advertising, you can earn Bitcoin for free by merely doing small tasks.
Numerous Bitcoin faucet sites work on a pay-per-click basis (PTC). Visit the website and do the assigned tasks by either clicking on a captcha, playing a game, or viewing an ad and being rewarded with small amounts of Bitcoins (Satoshis). Go back frequently to the websites and watch how your earnings accumulate. Sounds perfect.
But before you hand over your termination letter to your boss, remember that it's not called micro profit for nothing. Typically, you can get between $ 0.05 and $ 0.40 ($ 0.03 to $ 0.30) with a full hour of ad observation. It's not the most lucrative way to make money, but it's free.
3. Become a Partner
Another easy way to make a surprising amount of money is to join a cryptocurrency company.
By subscribing to your affiliate marketing program, you agree to advertise this product or service for free. You receive a commission for each paying customer you bring to the company.
After participating in the program, you will receive a personalized partner link. So you just have to promote it. This can be as simple as posting the company's ad on your website or adding the link to your social media posts, expanding the company on other websites, or even running an advertising campaign.
Affiliate programs can be a lucrative way to make money, and more cryptocurrency companies offer them than you think. The affiliate program operated by Currency.com, for example, offers its members an impressive 50 percent of the sales of new customers they have won and offers these new customers a 12 percent discount on their business commissions.
4. Bitcoin Mining
It would be impossible to talk about how to make money with Bitcoin without mentioning "mining".
We have all heard how easy it is; Simply set up your home computer to join the global network to solve the complex cryptographic puzzles required for the blockchain ledger, and you'll be rewarded for your problems with free bitcoins. Thousands of participants in the early days made impressive profits from mining Bitcoin.
Unfortunately, for most of us, this is no longer an option. The astronomical cost of buying and operating the sophisticated computing equipment now required for Bitcoin would far outweigh the benefits.
Nevertheless, it is still possible for those with powerful processors to make money by mining alternative digital currencies (altcoins).
Cloud mining or renting mining equipment from others to mine for you is another low-cost option that sounds incredibly attractive. Although there are some legitimate cloud mining companies, there are many fraud cases. Therefore, research potential companies thoroughly.
5. Cryptocurrency Loan Platforms
Many investors already have bitcoins (or HODLing) and are watching the cryptocurrency market long-term. Oddly enough, there is another way to make money here.
Cryptocurrency loan platforms offer investors the opportunity to lend Bitcoin loans to others and earn interest on their problems. For some websites with interest rates between 8 and 15 percent that require minimal lender effort, this appears to be very attractive.
Here, however, the decentralized and unregulated part of cryptocurrencies can work against us. If a bank fails, customers can be sure that their deposits are insured. However, there is no such protection for digital currencies, which means that you could lose everything.
If cryptocurrency loans are still popular, carefully examine them and use extreme caution.