• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Bitcoin price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

    developer

    Best Blockchain Jobs in 2021 and You Are NOT a Developer

    Dogecoin price

    Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

    online gambling

    How Cryptocurrency Is Changing Online Gambling

    Cryptocurrency Price Prediction

    Top 10 Cryptocurrency Price Prediction Platforms to Follow Now

    Buy Bitcoin on Cash App

    How to Buy and Sell Bitcoin (BTC) on Cash App

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

How to Make Money with Bitcoin

Anca F. by Anca F.
May 26, 2019
in Crypto 101

There are plenty of methods through which one can earn Bitcoin. Some of these methods involve
minimal effort, while others may require you to have a, have more knowledge and expertise about the
industry and the market.

In today’s article we will cover a few of the basic ways in which you can earn money through Bitcoin:

Paid-to-Click Websites

These websites pay users for visiting certain websites or viewing ads in Bitcoin. You have ads of
various lengths and with corresponding fees. But do not expect to make much money out of this method, as the payouts are quite minimal.

Bitcoin Faucets

A Bitcoin faucet is a website that rewards users with small fractions of Bitcoin, with owners making
money through ad placement on their website and pay individuals that click on the ads or complete
surveys.

However, just like PTC websites, BTC faucets are not a viable way of producing a substantial sum.

Micro Jobs

Certain websites require users to complete small tasks in exchange for small amounts of Bitcoin.
These tasks may be anything from testing a plugin to see if it works properly with a browser, or just
retweeting a post. The payout is also small here, but there is potential to earn more when compared
to faucets and PTC websites.

Writing about Bitcoin

If you are passionate and have knowledge about Bitcoin, you could share your knowledge and earn
money while doing it. As the industry is still new, there are few resources that can provide proper
education on the subject. You can earn various sums for writing about Bitcoin, depending on your
level of expertise and writing skills.

Writing for blog and news sites

The number of blogs and news sites which discuss Bitcoin and other cryptocurrencies is constantly on
the rise and they are always looking for talented writers, with good quality content being paid
between $30-100 per 1,000 words. At this level, writers are able to choose if they will be paid in
Bitcoin or in fiat currency.

Affiliate Marketing

If you have a blog or a website that is related to crypto matters, you may also be able to make money
through BTC affiliate marketing. This form of marketing involves getting paid a certain percentage
of commission for every referral that you bring to another BTC business.

If the business runs an affiliate program, and your blog has enough readers who link to the
business and buy the product advertised, then the commissions can be quite substantial.

Bitcoin Lending

Bitcoin lending usually functions through a third party website such and it involves you lending
Bitcoin. You act as a bank by giving the Bitcoin loan to another person for a certain level of interest.

Due to the market’s current unregulated state, the levels of interest are usually much higher when
compared to the standard bank rate meaning that this method has potential high returns.
But on the downside, the unregulated nature of this sort of transactions means that if the borrower
decides to not pay back the Bitcoin that was loaned to him, there is no legal reinforcement or
sanctions to make him pay the loan.

However, if approached correctly, this market sector could lead to huge profits.

Bitcoin Mining

bitcoin mining

Mining Bitcoin is the process through which new coins are generated. Mining involves using special
computer hardware and software which utilises the processing power of the miner’s computer. In its
early days, Bitcoin mining was simpler and miners were able to mine thousands of Bitcoin with few
costs.

However, as the value of Bitcoin started rising, the number of miners also grew and hence the mining
difficulty. Nowadays, Bitcoin mining is much harder. Each BTC that is mined now needs more
processing power and therefore mining BTC now requires larger amounts processing power which
requires expensive and specialized hardware called ASICs.

In addition, you also need a lot of electricity to power this equipment which can translate into huge
bills.

If you have the necessary income to invest in all these requirements, you may be able to mine some
bitcoins, although nowadays mining as an individual is quite hard.

Bitcoin Trading

Bitcoin trading can bring in huge money, but it takes a certain level of expertise and knowledge to
appreciate the market, just like with forex trading. Also, the cryptocurrency market experiences
extreme fluctuations which may not suit those that do not fare well with risk.

One problem with trading is that almost all of the trading exchanges make the conversions via Bitcoin
or Ethereum, which means that if you don’t own any of the two coins, you will have to purchase
some.

Another way in which you can buy bitcoins without having to deal with exchanges is by meeting with
the sellers face-to-face. There are certain apps which facilitate the meeting of sellers from your area
to exchange fiat currency for bitcoins.

Day Trading

Day trading involves buying and selling Bitcoins on the same day and generate profit from the short-
term price fluctuations which occur in its price. Such fluctuations may be generated by any news or
trends which concern the coin. BTC can be traded against other cryptocurrencies or against fiat
currencies such as the US Dollar.

There plenty of opportunities which can generate financial revenue through BTC. Whether you
mine, invest, write or trade, as long as you are willing to use your skills, there are many ways that
bring you income.

Tags: Bitcoinbitcoin lendingBitcoin miningbitcoin tradingcrypto miningcrypto tradingday tradingMoney
Previous Post

LocalBitcoins Discontinues Service For Iranians

Next Post

Bittrex Partners Up with IdentityMind to Automate Transaction Tracking

Anca F.

Anca F.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

Bitcoin price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

by Lavinia C.
January 6, 2021

In 2021, the cryptocurrency industry is expected to grow significantly. This is because of the bull market that Bitcoin entered...

developer

Best Blockchain Jobs in 2021 and You Are NOT a Developer

by Ionela C.
December 22, 2020

Since the bull market in 2007, the crypto space has been hot in the news. Some compare that to the...

Dogecoin price

Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

by Lavinia C.
December 18, 2020

Dogecoin is a cryptocurrency created with fun in mind, according to its creators Billy Markus and Jackson Palmer. The cryptocurrency...

online gambling

How Cryptocurrency Is Changing Online Gambling

by Ionela C.
December 18, 2020

Online gambling is a favorite leisure activity for many gambling enthusiasts around the globe. Now that we’re all stuck home...

Cryptocurrency Price Prediction

Top 10 Cryptocurrency Price Prediction Platforms to Follow Now

by Lavinia C.
December 8, 2020

Investing in any asset requires a lot of knowledge and research to be able to make the right decisions. The...

Buy Bitcoin on Cash App

How to Buy and Sell Bitcoin (BTC) on Cash App

by Lavinia C.
October 24, 2020

What Is Cash App? Cash App is a mobile payment app owned by Square Inc. It provides an easy way...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Investment Projects
Trust Capital LTD
Top Rated Exchanges
Binance Exchange
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

Bitcoin price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

January 6, 2021
developer

Best Blockchain Jobs in 2021 and You Are NOT a Developer

December 22, 2020
Dogecoin price

Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

December 18, 2020
online gambling

How Cryptocurrency Is Changing Online Gambling

December 18, 2020
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.