Make Money With Bitcoin

Make Money With Bitcoin

how to earn on bitcoin

1. How to earn Bitcoins? By accepting them as a means of payment

In my opinion, the best and easiest way to earn Bitcoins is simply to accept them as a means of payment. If you are an entrepreneur with your small business, there is nothing simpler or faster than Bitcoin integration. No matter if you sell services or goods, just follow these steps:

  1.  Create a free wallet. Personally, I recommend Coinbase, but of course, there are many other available wallets (share your insights in the comment). It should be remembered that no wallet is 100% safe, so you should always be careful. Make sure to keep your Bitcoins in at least 2 or 3 other places.
  2.  Display your QR code (equivalent to a barcode) along with your Bitcoin address next to the cash register in the store. Once you have your wallet, go to the “Receive Money”, “Add Funds” section or similar. There should be a QR code there, in which your private Bitcoin address is encoded. Print this code and place it in a visible place (eg at checkout). If the customer wants to pay using bitcoins, he will have his own wallet in which he will be able to enter the value of the purchase in PLN. The application automatically recalculates the given value in bitcoins. The payment will appear on your account immediately.
  3. Display or stick the “Bitcoin accepted here” logo at the entrance to your store or restaurant to show others your innovative way of accepting payments. Here you will find a printable version and a free guide (in English).

That’s all! Do you not know how to earn Bitcoins? The simplest method is through the sale of own goods and services with the help of this cryptocurrency. This is just a brief introduction to how to earn Bitcoins by accepting them as a payment instrument. Below are some useful and interesting links (in English)

How to earn Bitcoins

2. How to earn Bitcoins? By completing tasks on websites

There are many websites offering free Bitcoins. In most cases, the offer consists only of visiting a given site, in return for which you get a symbolic amount of Satoshi (smaller Bitcoin unit). While the concept is justified, the return on your invested time is relatively small. So, really, if you earn Bitcoins from these advertising sites, you win Bitcoins for your time. Is it worth it? I think that every award-winning solution is worth attention. Below is a list of some pages from my perspective of interest.

http://www.freedigitalmoney.com/en/Bitcoins -> Earn Bitcoins through rewards for making purchases with Bitcoin. On this page you do not need your account, all you need to enter is your Bitcoin address

http://coinworker.com/ -> Earn Bitcoins by completing analytical tasks. In this case, you must create an account. Unfortunately, I was not given the opportunity to try this site, but the payouts seem to be relatively high compared to the alternatives

https://www.bitfortip.com/ -> Earn Bitcoins by answering questions on the forum. A cool solution because it connects people interested in Bitcoin – it creates a kind of community. At the same time, rewards for providing the right answers are provided in Bitcoins. Due to the high commissions associated with the transfer of money, it would not be possible without using Bitcoin.

If you know other interesting sites that provide a similar solution, let me know in a comment. In my opinion, this is an interesting option, but you should not expect a high income. It is more fun and allows you to learn a little more about what it is and how to earn Bitcoins.

Bitcoin

3. How to earn Bitcoins? Through paid interest

If you are already in possession of Bitcoins, make them work on their own. How? Nothing easier. Earn Bitcoins with monthly interest from people who borrow from you.

Borrow directly from someone you know. You determine whether a person is trustworthy. Reconcile the conditions on which the transaction will take place, duration and interest rate. The disadvantage of this solution is probably that it will be difficult for you to find a friend who will meet your expectations and will want to borrow on your terms. Nevertheless, it is a cool idea how to earn Bitcoins.

Social loans in Bitcoins – platforms that enable investing in borrowers from around the world. One of the options offering such a solution is Bitbond. Verified borrowers publish a loan application, and you can help them finance it. My advice in this matter is investing smaller amounts in various borrowers in order to diversify the risk. In this solution, Bitcoin replaces money. The borrower gets a certain amount of money for a certain period of time and repays it with interest. In this case, however, you should be aware of 2 things. Remember that the platform through which you invest is trustworthy and check exactly who you are loaning your Bitcoins.

In conclusion, borrowing Bitcoins is a good way to earn even more of them. And remember my warning, borrow only through platforms you’ve read about and know that they are trustworthy. Such websites should meet standards as you would expect from similar websites that are not based on Bitcoin technology (eg LendingClub). Unfortunately, in the world of Bitcoin, there are a lot of platforms that try to stretch the user and in the end, they turn out to be just a scam. So, if you want to earn Bitcoins by borrowing, make sure you deal with whom twice.

make money with bitcoin

4. How to earn Bitcoins? Through mining

Bitcoin mining, or simply digging Bitcoins. This is the process by which new Bitcoins are generated. During the generation of Bitcoins, the computer adds the newly produced cryptocurrency to the blockchain, i.e. blockchain. It is used to store data, such as transactions occurring in the Bitcoin network. Currently, miners, that is entities that process transactions in the Bitcoin network, receive a prize of 12.5 BTC for the solution of the next block of transactions.

Due to the fact that bitcoin digging requires specialized equipment, and thus is very expensive, most of the individual miners join the so-called. mining pools. We can call them mines. For example, one of the mines you can join is BitMinter. By providing your computing power, you can earn Bitcoins with digging without having to create your own mine. There are entire communities around Bitcoin digging, and despite the fact that Bitcoins can be earned in this way, it’s just fun J

If you want to earn Bitcoins by digging them, you have to remember that it is expensive and time-consuming. Read the instructions and advice to find out more.

This site can be a good start and introduction to the whole process.
Bitcoin difficulty – shows how hard it is now to extract new Bitcoins
Mining dashboard – if you just want to earn Bitcoins by digging them, this page will allow you to make the first calculations.

earn with bitcoin

5. How to earn Bitcoins? Through subsidies and tips

If you are still wondering how to earn Bitcoins, the next noteworthy solution is the so-called tips. You need your Bitcoin wallet for this method, as well as the QR code and the Bitcoin address. This method is very similar to the acceptance of cryptocurrency as a payment instrument. There are several places where you can get Bitcoins as tips.

Your store. Due to the fact that tipping is only for people who are willing, it is worth trying to simply display your code and check every day whether someone has a temptation to give you a tip, for good service or nice service.
Blog or website. Again, just display your code or enter your Bitcoin address at the bottom of the page. If your readers or users want to reward you, they will decide how much you should tip. An example is the German blog Bitcoins21. At the bottom, you can see the address to which you can transfer your Bitcoins.
ChangeTip – a very interesting website integrating the function of tipping on most social media, as well as on YouTube and GitHub platforms. A really cool option!
Bitcoin tips for printing – if you have your own restaurant, you can encourage your customers to try the new technology. It is simply a paper voucher that you can give your customers. The whole precedent is very good described on the website

earn bitcoins

6. How to earn Bitcoins? Through trade

Some say that trade is a form of gambling. While these two things have something in common, at the same time, they are very different. While gambling, there is a certain likelihood of both winning and failing. However, when you trade assets, it becomes much more complicated. That’s why this point will help you understand how to earn Bitcoins through trading.

The simplest method, in this case, is arbitration, the concept of which is very simple. We buy on a given exchange rate on one stock exchange and immediately sell on the other at a higher price. However, you should make sure that we can sell the asset immediately at a certain price. If it fails, then talk about speculation. In this case, you can buy a cryptocurrency and then wait until its price increases so that you can earn Bitcoins.

If you want to try the arbitration method, you should first buy Bitcoins on the stock exchange. Bittrex and Binance are among the more popular stock exchanges.

make money and free bitcoins

7. Bitcoins as regular income

Receiving a monthly payment using cryptocurrencies is probably the most stable method of earning Bitcoins. At the moment, there are too many companies that offer it, but they certainly do exist. For example, this entrepreneur from Canada. In an interview, he said he is trying to use Bitcoins for most transactions in his company. He also sends money to his employees using Bitcoins.

In addition, you can also participate in partner programs that allow you to earn Bitcoins. One example is this affiliate program, offering fast earnings.

You can also work from home and earn Bitcoins. Below is a list of the throne with job offers based on the Bitcoin cryptocurrency. You can also add your offer.

  • Bitcointalk Forum – Services section – there are many jobs offers here, and the payment takes place in Bitcoins
  • Jobs 4 Bitcoins – mainly job offers for programmers.
  • BitGigs – various offers as part of the Bitcoinach payment
  • Coinality
  • XBTFreelancer

Of course, you can also start your own company and start making Bitcoin this way

8. How to earn Bitcoins? Through gambling – not for everyone

Honestly, I’m not a big fan of gambling, but of course, this is one of the methods of earning Bitcoins. It should also be mentioned, but I will not list any links here or write it out. If anyone is interested, it’s easy to find different websites that deal with it.

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