Bitcoin is getting more and more popular recently and will likely continue become more mainstream in the coming years. It’s hard to doubt that considering the fact that we’re slowly turning into a fully technology-driven world. Back in the “old” days, bitcoin was only the de facto currency of the Dark Web — the ‘hidden’ internet that can only be accessed through TOR. But things have changed nowadays as Bitcoins can be used to pay for products, services, and the like — Even very well known and popular companies are starting to use them. In fact, there are many ways to spend this cryptocurrency these days.
There are also lots of ways to earn bitcoins; here are some of those:
This is probably the easiest way to earn bitcoins for free, however, it can also be the most time consuming. Some of the most common methods included in this niche usually take a lot of time, and the earnings are fairly small. Even for those who have a lot of free time, this wouldn’t really bring you a lot of bitcoins at all, but nevertheless, it’s still a source of bitcoins as long as you do your research and stay away from scams. Included in this are the paid-to-click websites that would give you small amounts of BTC for visiting websites and viewing ads. Then there’s also the bitcoin faucets that are websites that give small quantity of bitcoins every few minutes. You can also consider microjobs where you’ll get paid bitcoins after completing some tasks.
If you’re still not familiar with the term, this is essentially the act where bitcoins come into circulation. Simply put, you’ll have to solve a computationally complex puzzle that would allow you to find a new block that would be incorporated to the blockchain, and you’ll receive your reward in a form of bitcoins. Back in 2009, when mining was still new, it just took a regular desktop to be able to produce the coins and it was the best method for how to get bitcoins fast, but as the production of bitcoin increases, and more miners get involved, the complexity of the mining process increases. The solution? Faster hardware, more advanced processing units, mining pools, and a whole host of other things are now utilized for bitcoin mining.
This works like affiliate marketing where you’ll be writing about bitcoin and earn from doing so. You can work as a writer for a blog or news sites that talk about bitcoins and in need of a daily quote of posts. The earnings will depend on your skills, control of the English language, and experience. Top-notch writers can earn as much as $80 per 1000-word blog posts.
4. Sell Things
You can also earn bitcoins by simply selling something for crypto. It can be something handmade that you can sell on websites that accept BTC, such as ETSY, or use your bitcoin address as a payment option on your website. Likewise, if you own a physical establishment, you can also hang a notice that you accept BTC as a form of payment.
Another popular way to earn bitcoins would be through gambling. Although this may seem like easy money, you have to consider that gambling also has a number of risks. You don’t have the guarantee that you’ll always win, and that’s why it’s strongly recommended to play only if you have some extra to spend.
If you’re a trader, you can boost your trading skills and be a part of “bitcoin trading.” there are some bitcoin trading companies that allow their users to buy bitcoins with payment cards or through bank transfer. After converting it to other crypto, you can use the price volatility to benefit you. However, similar to gambling, there are also high risks involve– it’s even like Russian roulette. To protect yourself from great losses, you have to learn something about trading, start with little amount, and only proceed to bigger investments once you get the knack of it.
As the price of bitcoin continues to trend upwards, more people are going to want to start investing in it and using it. So getting BTC will become much more popular. As listed above, there are a number of ways to earn bitcoins and they are all different. Some of them are very risky, while others don’t have much risk. For instance, in gambling, your earnings would depend on luck, and with investing, you’ll have to gain substantial knowledge that can help you along the way. Regardless what method you pick, the first step is to find a secure and reliable place where you can buy, sell, and store your bitcoins such as Coinbase.com