You can also make money with Bitcoin? Well, even after fluctuations and the unidentified Satoshi Nakamoto, Bitcoin still tops the chart. To be more precise, Bitcoin is the world’s largest cryptocurrency. So, the answer is a big yes, Bitcoin is a way to make money.
As now you seem sure-footed, the next default question is – How do you make money with Bitcoin? There is a long list of options, the most popular being Bitcoin. mining, trading, investing, affiliate earnings, and micro earnings.
This post will discuss four of the best ways to make money with Bitcoin.
See How To Make Money With Bitcoin.
Here are the best 4 ways to earn through bitcoins:
•Trading
•Investing
•Mining
•Micro earnings
•Accepting Bitcoin as a payment
•Lending
•Affiliate earnings
1. Trading
Trading Bitcoin for banking profits is one of the most popular answers to – how do you make money with Bitcoin?
If you have a knack in analysing trading charts and you are ready to take risks, this option is for you. Sign up to Zipmex and exchange your local currency for the digital currency, BTC. Now, you have to wear a crypto trader’s cap. As soon as you see the best profit spike, trade your Bitcoins and enjoy the gain.
The icing on the cake is Bitcoin trading is available 24×7 so that you can trade at your convenience (obviously when profits soar high). Talking about convenience, our crypto trading platform – Zipmex, is available on both Android and iOS devices. You no longer need to force your eyeballs at the desktop as we bring the entire exchange in your pocket.
If you are less risk-averse, intra-day trading and arbitrage opportunities are made for you. Arbitrage means buying the same asset at a lower price and selling it at another platform while banking profits. Once you have a Zipmex account, chalk out a research-based trading plan while keeping a tab on the charts, considering the vitality of the Bitcoin world, trade the amount you can afford to lose.
Your profit margins in Bitcoin trading completely depend upon your dexterity of analysing charts and reading market situations. You can leverage Zipmex trading tools to gain more clarity about your trades. Zipmex trading tools ensure a frictionless trading experience.
2. Investing
Investing in Bitcoins is holding BTC until the iron becomes hot. HODL (Hold On for Dear Life) is the crypto lingo for long-term investments. If you believe in the positive future Bitcoin and are sure of its price surge, you must opt for investing. However, HODL investment must not be tied with fancy expectations.
You must know when is the right time to sell. If you are eyeing for long-term investments, you must keep your Bitcoins in a hardware wallet.
Are there some different options apart from buying-Bitcoin-and-then-selling-it kind of investments?
Yes, you can also make money with Bitcoin by investing in startups, companies, blockchain development, etc. These are research-intensive investments. You have to gauge the potential of a startup by analysing white papers, expert opinions, market demand, and whatnot. However, if you get this investment right, you will not just make some dollars with BTC; instead, you might hit a treasure chest.
The downside of investing is you have to hop between different exchanges to find the right investment opportunities. To your relief, Zipmex offers a wide range of investment options. No need to hop between exchanges, you find the top cryptocurrencies under one roof.
3. Mining
Bitcoin mining is the process of adding new blocks to the Bitcoin blockchain network by solving cryptographic puzzles.
If you have the technical know-how of mining and the luxury of high computing power, then mining is worth your effort. Bitcoin miners earned huge fortunes in the initial stages of this crypto revolution. However, today individual miners can hardly compensate for their electricity bills by mining Bitcoins.
Does this mean you can’t earn money with BTC mining? Not at all, there are cloud mining services where you have to pay once, and that’s about it. You don’t need to mine, nor you have to worry about your rising electricity bills.
Cloud mining services involve renting mining equipment for other miners so that they can mine for you. You have to invest once, and you will keep receiving your share of the cake. Before pouring your hard earned coin in a cloud mining company, verify it’s credibility as spam is at an all-time high in the crypto space.
To put it all together, mining is still profitable if you know how to do it the right way.
4. Micro Earnings
See How You Save And Earn From Bitcoin
As the name suggests, micro earnings will not yield a fortune; however, it is a decent way to make a profit if you know what you are doing.
If you do not hit the skip ad button, micro-earnings will seem appealing to you. Pay to Click (PTC) websites like BTC4ADS, Coinadder will pay you in Bitcoins to watch ads. Other micro-jobs include watching youtube videos or completing online surveys. Bitcoinget is one of the leading micro-jobs websites.
Micro earnings sites reward you with very tiny amounts of Bitcoins – Satoshis. To put things in perspective, one Satoshi is equivalent to 100 millionth of a Bitcoin. Thus, watching an hour-long ad will earn you anywhere between 0.04 USD to 0.05 USD. If you want to earn some easy money while killing your free time, micro earnings faucets are the go-to place.
Bonus method: This method could be against the terms of service of the ad program so make sure you read their TOS before attempting this. You could invest in some low cost android phones and have them run on your wifi 24 hours a day. The ads will continuously play, while you rack up earnings. Before taking a crack at this, be sure to look into the initial costs of the phones, the electricity to keep them powered and the automation required to run them. If the numbers make sense you could earn a nice little side income.
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