Earn Bitcoin – 10 ways to make money with Bitcoin 2018
There are several ways to earn bitcoin or more appropriately to make money with bitcoin but unfortunately, people end up investing their bitcoins in scams but this article lists all the legit and best ways to make money with bitcoin or to earn bitcoins. The current price of Bitcoin is $6728 (source – bitcoinexchangestore) which is a hell lot of money to earn a part-time income or full-time in a month or two depends on the amount of time or money you are ready to invest.
Let me make one thing clear there is no such thing “free bitcoins.” It will always cost you something to make money with Bitcoin. It may not always be money, but you have to spend something. Whether it is time or something else.
There is no way to get wealthy without working or investing in it. You can’t become a Bitcoin millionaire with the methods I mentioned below. But you can earn a substantial amount of Bitcoin if you are ready to put some effort into doing them. There are seven best and legit ways I have elaborated in this article from Bitcoin faucets to crypto trading to make money with Bitcoin
The price of Bitcoin is skyrocketing and according to experts price of bitcoin will hit 50000$ mark till 2030. So even a piece of Bitcoin looks more and more intuitive.
By below-listed methods, I have earned more than 1 Bitcoin in last six months which seems decent amount, given that I have only given 1 to 2 hour daily and only invested about 100$ to earn Bitcoin. You can earn Bitcoin way higher than me if you are ready to spend, whether it is time or money.
1. Micro earning–
It is probably easiest category to make money with Bitcoin. You don’t need to invest a single penny, but as I written above, you have to invest something, so here it is time and consistency.
Bitcoin faucets are the easiest method to earn bitcoin or to make money with Bitcoin without spending a penny. A Bitcoin faucet is a website which rewards a few bitcoins in terms of ‘Satoshi’ (smallest unit of Bitcoin 1 Bitcoin = 10000000 Satoshi) for visiting their web page. Bitcoin faucets make money by publishing the ads on their website or by mining Bitcoin
There are different time limits for different best high paying Bitcoin faucets to get free Bitcoins Each faucet allows a user to claim again after the completion of that time limit Accordingly, there are 5 minutes, 10 minutes, 15 minutes, 30 minutes, 60 minutes Bitcoin faucets. To obtain a considerable amount of Bitcoin from Bitcoin faucet, you have to claim from at least 5 to 10 faucets daily.
If you have a busy schedule then find at least one hour to claim daily. Consistency is the only way to earn with faucets. At starting, earning will look small, but by passing time, it will become sizable. Remember, you have not invested a penny.
Frankly, I am not a big fan of Bitcoin faucets. But still, there are some legit Bitcoin faucets which are consistently paying crypto coins since their launch. They are easy to operate with the user-friendly interface. there are no irritating pop-up ads in those high paying Bitcoin faucets. You can read in details how to make money with Bitcoin or earn Bitcoin using these high paying Bitcoin faucets list Read here
Bitcoin mining is a traditional way to make money with Bitcoin
Bitcoin mining is a process of solving the mathematical calculations to mine Bitcoin from a block. High configuration computers can perform this mathematical calculation. At first, people used graphics cards to mine bitcoins. Currently, there are devices on the market to mine the bitcoins.
You can buy devices from the Amazon. Buy Bitcoin mining hardware devices from Amazon
Coming to earn bitcoin by Bitcoin mining then have a high-end Bitcoin mining device. You should join a mining pool and download the Bitcoin mining software. Then after completing all necessary initial procedure, just click mine bitcoins and leave your computer to mine bitcoins for you.
Your mining device will mine bitcoins day and night for free until it got turned off. But you should have full knowledge about power usage, mining devices, device mining power before you start then only you will get profit through Bitcoin mining. ( Bitcoin mining realistically is not profitable anymore) But cloud ming is still very profitable and practically I have earned 50x of my investment till now. I am having the lifetime contract.
If you aren’t tech savvy or willing to give a bit of time to getting it up and running yourself, there is another way. This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf and most popular and reputed cloud mining company is Genesis mining.
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Bitcoin trading is a most efficient way to make money with Bitcoin or to earn Bitcoin. There are several exchanges which provide a user-friendly and advanced altcoin trading platforms.
Bitcoin trading is not a ‘rocket science’ and does not require any technical knowledge or experience. There are thousands of altcoins in the cryptocurrency world. “Altcoins are the cryptocurrencies other than Bitcoin” Let me brief it a little
Generally speaking, trades occur because sellers consider the price high and buyers consider it low. Sustained price moves result from either buyers or sellers being more aggressive in crossing the spread.
In other words, whichever side is collectively more willing to pay the difference between the bid and ask prices to initiate a trade, will move price in their desired direction
There are two ways of Bitcoin trading
- long-term crypto trading which is carried for the longer period of time.
- short-term crypto trading which is completed within minutes, hours, or a day. It is also referred to as day-trading
In short-term crypto trading, a user buys cryptocurrency and sell it when price increases in a matter of few hours or few days. In long-term crypto trading, a user buys cryptocurrency and keep it for months and years then sell it suitably. It is as simple as this
Now, there are many altcoin trading platforms which allow buying Bitcoins and altcoins directly and provide a user-friendly trading platform. To learn in details about crypto trading you should read below article which will guide you to earn like a professional Bitcoin trader
4. Lending Bitcoin to small SME and entrepreneurs — One of the effective ways to make money with Bitcoin.
You can get some good return on your investment. But high reward comes with the high risk, and it may be possible that you lend money to the wrong project. So always choose projects wisely. If you choose the right company or individual than this method can return you high profit. There are few people I know who are earning through lending money to start-ups and SMEs.
Personally, I have not tried BitBond. Till now Bitbond has 100% credibility score, and there is no concern registered about this peer to peer platform and I know people who are using Bitbond service and they have positive reviews about this Bitcoin lending platform
But I have tried Xcoins and can conclude this platform is more than a lending platform. It is one of the best Bitcoin exchange which also allows buying Bitcoin with a credit card and paypal and the platform is user-friendly and even newbie will face no problem to get used to the platform.
In Bitcoin binary options you have to predict the live price of Bitcoin will rise or fall in a certain amount of expiry time. If your prediction is correct then you win option’s payoff, if your prediction is incorrect, then you lose your investment.
That’s why they are termed as ‘Binary options’ because either you ‘win’ or ‘lose’ there is nothing in between. Binary options is a risky investment but “without risk, there is no reward.”
- Most recommended Binary broker
- Support all top cryptocurrency
- Allows to buy altcoins instantly with USD
- Excellent trading platform
- Get 1000$ as a bonus in the demo account to get accustomed to trading.
- 95 % customer satisfaction
- Minimum deposit 10$
- User-friendly trading platform.
- Provide leverage of 1:300
- Start a trade with as low as 1$
- Robust Security
- 100% deposit bonus
- 76% success rate, highest in Binary options trading.
- Regulated and controlled by the government
6.Bitcoin CFD trading (Contract for difference)
Bitcoin CFD trading is similar to day trading, but it is a more secure option to make money with Bitcoin or to earn Bitcoin. Bitcoin CFD trading allows you to trade in Bitcoins without owning and purchasing Bitcoin.
Let me explain how CFD works. In this arrangement, you and seller of contract for difference(CFD) agree to settle any rise or fall in the price of Bitcoin in cash on the contract expiry date.
As a trader have not to purchase an underlying asset (Bitcoins). Thus it makes trading secure because trader does not need to worry about the security of Bitcoins as he does not own them.
Traders can speculate and make money with Bitcoin on price variation without having to know how to acquire or store Bitcoin securely. A trader can make the profit, regardless of the price of Bitcoin rises or fall without selling and buying Bitcoins.
Few legit companies provide Bitcoin Contract for difference (CFD) trading are
- Support almost all top cryptocurrency
- Allows to buy Bitcoin with a debit card, credit card, and PayPal along with 10 altcoins
- Most recommended Binary broker
- Can trade Forex, Commodities, Cryptocurrencies, indices, and Stocks
- Regarding Cryptocurrencies, you can buy, sell, and trade Bitcoin, Ethereum, Litecoin, and Dash.
- Leverage of 1:200
- 99% customer satisfaction
- can trade multiple crypto assets including Bitcoin and best coin to invest in 2018
- Incredible customer support
- Provide leverage of 1:300
- The platform allows trading cryptocurrency, Forex, Commodities, indices, and Stocks
- Support most Cryptocurrencies.
- One of the trusted altcoin trading platform
- User-friendly interface
- Do offer trading crypto, Forex, Commodities. indices, and Stocks
- Support most currencies
- can trade 24 hours 7 days a week
- Sign up bonus of 30$
A complete article explaining Bitcoin CFD trading platforms is coming soon.
In a nutshell, Cryptocurrency margin trading means borrowing funds from a trading site the (broker) for the trading cryptocurrency. It allows a crypto trader to trade more than their capital investment.
For example, If your initial capital investment is 100$ and you choose an exchange which offers 1:10 leverage. Then you can borrow 900$ from that exchange hence you will be allowed to trade for 1000$. If the price goes up by 1%, then your overall profit will be 10% and id if the price falls by 1% then you lose 10%.
Hence, margin cryptocurrency trading is another legit way to make money with Bitcoin or to earn Bitcoin
Best Bitcoin margin cryptocurrency trading platforms
8. Selling Goods and services in exchange for Bitcoin
At last but not the least, you can make money with Bitcoin by selling your products and services. There are a lot of websites which provides a platform to sell & buy in exchange for Bitcoin.
You can sell your products as a seller and get paid in Bitcoin. Buyer can also use these platforms to earn Bitcoin by affiliate marketing i.e. by promoting websites using your affiliate link. You will receive a commission for referring others. As a seller, you can earn Bitcoin by selling anything like grocery products, fashion products, electronics, and even your fixed asset.
Some of the popular websites are –
Purse.io provides a platform to sell and buy goods in exchange for bitcoins. By using your Amazon account, you can sell at a discount on Purse.io, same applies to the buyer.
Bitify.com is an auction website which sells items using an auction system. It offers escrow services, which means an item will be delivered to the buyer before he/she release Bitcoins. Buyer has to pay a 1% fee for using escrow services.
On the other hand, the seller will be charged 2.5% tax on the total sale price of the item. Premium advertisement receives a 1% discount on the fee, i.e., a seller will be charged 1.5% fee for placing a premium ad.
9. Buy and sell Bitcoin at Bitcoin exchanges
Another easy method to earn Bitcoin via buying Bitcoin on one exchange and selling it on another exchange because of the variation of Bitcoin price at different exchanges. It is one of the easiest methods to make money with Bitcoin the same as buy and hold Bitcoin. You can check Bitcoin live price variation on different exchanges at Bitcoinexchangestore.com
10. Bitcoin-based Freelance sites —
There are many freelance sites which provide a Bitcoin-based platform. In these places, you will be paid in Bitcoins, and they will have Bitcoin-specific jobs.
XBTfreelancer is a Bitcoin-only freelance site. On this network employer will solely pay in Bitcoin and Job seeker will receive payment in Bitcoin.
Coinality is a free network connecting employer and job seeker which provides opportunities that pay in Bitcoin, Ethereum, Litecoin, and Dogecoin. It provides Bitcoin-specific jobs ranges from one hour jobs to full-time employment. There are tons of jobs for developers, writers, brokers, marketers and more.
Freelancer is a network where you can find Bitcoin oriented jobs and get paid in Bitcoin and USD.
Hello, I am HarshVasistha Btech(IT) from New Delhi, India. I am the Owner and the Author of coinexpansion. Although, I am not a techie but got infatuated with blockchain technology. Hence I commit myself to thorough and in-depth research on the core subject. Coinexpansion is the product of my cryptocurrency learning lust.
Hobbies – An avid reader, compulsive learner, passionate writer, sports addict and obsessed with learning new things and love to decode that stuff into simple and self-explanatory words.
I will do my best to serve my viewers with more pragmatic information about cryptocurrency and it’s associated technology and will try to keep you updated with current events of the cryptocurrency world