If you have developed an interest in Bitcoin, and you wish to learn how to earn it — you have come to the right place. We have a number of excellent tips that will allow you to start making money with BTC today. All you need to do is figure out which one of our tips seems the most attractive to you.
You can even choose to apply a few of them, which will increase your BTC earnings even more. But, without further ado — here are some ways in which you can start earning Bitcoin right now.
- 1 How to Make Money With Bitcoin Mining?
- 2 How Bitcoin Mining Works
- 3 How to Make Money With Bitcoin Faucets
- 4 How to Make Money With PTC Websites
- 5 How to Make Money Writing About Bitcoin
- 6 How to Make Money Gambling Bitcoins
- 7 How to Make Money With Bitcoin Trading
- 8 How to Make Money With Accepting Bitcoin as Payment
- 9 How to Make Money With Bitcoin Micro Earnings
- 10 How to Make Money With Bitcoin Micro Jobs
- 11 How to Make Money With Buying and Holding Bitcoins
- 12 Conclusion
How to Make Money With Bitcoin Mining?
The first method of getting your hands on some of the BTC coins would be to go directly to the source of all Bitcoin using mining hardware. Just in case you are not at all familiar with how BTC mining works, what it is, or how much you make mining bitcoin — it is a process during which participants in the Bitcoin network verify BTC-related transactions and earn in the process. They do so by solving difficult math problems with their computers.
As they solve the problems, the transactions get verified and confirmed as true. Meanwhile, the participants who solved the problem — miners — receive a reward in the form of new Bitcoin coins. As you can see, the process is quite adequately named, and with your computer acting as a digital pickaxe — you too can become a Bitcoin miner.
How Bitcoin Mining Works
It used to be that Bitcoin mining was quite easy, even if not very profitable. You see, Bitcoin’s blockchain was designed to solve one block per 10 minutes.
Meanwhile, the speed of solving blocks depends on how much computing power the blockchain has at its disposal. If more people start mining, the computing power increases, and blocks would be solved faster.
To prevent this, the difficulty of solving blocks increases, so that the time needed to solve them would still remain at 10 minutes. In the early days, you could have mined thousands of BTC by yourself each day.
These days, however, with BTC price being so high — a lot of people want to mine the coin, and so they had to join up into mining pools. By joining the pool, you contribute your computing power and get a percentage of the reward once the block is solved. The percentage of the reward is as large as your contribution to the total computing power used to solve the block.
In other words, the best way to mine Bitcoin today would be to join one such mining pool. Otherwise, your chances of getting a block all to yourself are slim, and without the right amount of computing power — you would never be able to solve it by yourself, anyway.
How to Make Money With Bitcoin Faucets
Another method of earning Bitcoin would be through Bitcoin Faucets. To put it quite simply — Bitcoin faucets are websites and applications which you can use to get small amounts of BTC as a reward for completing various tasks.
Now, this might sound too good to be true, at first. However, do note that these are no get-rich-quick schemes.
In fact, you won’t get rich, and it won’t be quick, either. The rewards you get may come in BTC, but they come in extremely small amounts of BTC.
As you may know, the smallest amount of BTC is 0.00000001 ฿. This is called 1 Satoshi. Now, Bitcoin faucets might pay you 1 Satoshi per task, or 10 Satoshi, or more. Even so, the amount is still quite small, and their value fluctuates depending on the value of BTC itself.
Still, they are there, they are giving away BTC for small amounts of quick work, and they are still a new, small, and underdeveloped form of making money. It is an interesting concept to explore as you learn about BTC.
How to Make Money With PTC Websites
There are many ways to earn free bitcoins instantly online. PTC or Paid-to-Click websites are another way to earn BTC by visiting websites, watching videos and similar advertising materials, and alike. There are quite a few of those around, and they pay small amounts of BTC, not unlike Bitcoin Faucets.
One of the best known among them is BTC Clicks, and it will let you choose between watching an ad that is 5/10/20 seconds long. Naturally, each of these different ad lengths will be rewarded with a certain amount of satoshi.
So, in theory, if you were to watch 20-second ads for a whole day, you would still make less than $10 per day.
In other words, this is hardly the way to go it you want to get BTC and make a decent profit. But, it is still a method of earning Bitcoin — no matter how small amounts of it you may end up having in return, so we decided to mention it anyway.
How to Make Money Writing About Bitcoin
If you are after some more serious earnings — you could always start writing about Bitcoin, for Bitcoin. There are a lot of people out there who are interested in learning about BTC and other cryptocurrencies, meaning that it can be profitable for a website to have various texts, guides, and similar content about it. If the website’s owner happens to be willing to pay in Bitcoin, you could be the one who will write those texts.
Of course, that would also require that you are knowledgeable about Bitcoin and that you know what you are talking about, The necessary knowledge would include the coin’s history, its behavior, constantly tracking its price and news that are impacting it, and alike.
Even then, you won’t earn huge amounts of Bitcoin, and your pay is likely to vary from one client to another, and it would also depend on the level of expertise and knowledge that you have to offer. It is a good way to start earning BTC if you know a lot about it. Otherwise, you might want to start learning.
How to Make Money Gambling Bitcoins
Crypto gambling is another way to go, although not a very smart or reliable one. In order to profit this way, you don’t only need knowledge about cryptocurrencies, but also about different gambling methods.
Also, as you likely know, gambling tends to depend on luck, quite a bit, meaning that knowledge alone might not be all you need to win some BTC.
Still, it is possible, and there are numerous decentralized applications and websites where you could go and win BTC. Sites like Primedice or Bitstarz are a good place to start if you are interested in this method of earning Bitcoin.
Just remember that the risks tied to crypto gambling are extremely high, which is only to be expected when combining two things that are so risky on their own.
How to Make Money With Bitcoin Trading
Now, one of the most reliable ways of getting BTC would be simple crypto trading. In that regard, you could try day trading or trading bots.
Day trading can still be profitable, as Bitcoin’s volatility remains as high as ever. The price can change suddenly, and go up or down by thousands of dollars.
If you invest enough time into learning about the rules of economics, as well as study the behavior of the Bitcoin market — you to could profit quite a bit by simply buying when the price is low, and selling when it surges up.
Then, there is bot trading, which means that you don’t exactly do the trading yourself. Instead, you use software that you can set so that it would enter trading deals whenever specific, pre-determined conditions are met.
That way, you don’t have to constantly check on the state of the market — you would know that your bot stands guard, even if you are on the go, at work, or doing something else that requires your attention.
3Commas is one of the most popular trading bots these days, and it works on many of the biggest and most popular crypto exchanges. In other words, it is very likely to instantly find BTC for sale or to find a buyer for your own BTC, depending on the situation. It works non-stop, and you can use it on any device that has access to the internet, thanks to the fact that 3Commas is a web-based service.
With it, you can avoid great losses, and take advantage of new trading opportunities, and still have more than enough time to dedicate to other things in your life.
How to Make Money With Accepting Bitcoin as Payment
Bitcoin is a cryptocurrency, meaning that it IS, after all, a currency. As such, it can be used as a method of payment for goods and/or services, provided that you have something to offer.
Basically, you can sell pretty much anything you own and don’t want or care about anymore, and get BTC in return in your Bitcoin Wallet.
You don’t have to go through financial institutions, or banks that might trouble you with numerous barriers and conditions — simply sell things over the internet, and ask for BTC in return.
That way, you could join the ever-growing list of various businesses that are already more than happy to accept BTC. It is also one of the ways to obtain Bitcoin that doesn’t require too much technical or financial knowledge, investment experience, and alike. Simply offer a service or a product, and decide its price. BitPay has platform that allows you to receive Bitcoin as payment.
How to Make Money With Bitcoin Micro Earnings
Micro-earnings are the easiest way to earn Bitcoin. They often do not require a lot of advanced technology or knowledge.
What they do require, however, is time and patience, because these jobs will last a long while, and they will only pay small amounts of BTC, likely only small amounts of Satoshi or even dollars.
These are often small tasks that you have to repeat over and over again, and we have mentioned some of them already — such as receiving messages, watching videos, clicking on links, visiting websites, participating in various polls, and alike.
As mentioned before, these jobs won’t be complex, and they won’t pay much, but they should keep you busy, and let you interact with Bitcoin directly in a pretty safe way. Definitely safer than gambling, but also with much smaller (although guaranteed) payments. A site that you can earn Bitcoin is on Earn.com.
How to Make Money With Bitcoin Micro Jobs
If you have some spare time during the day, you could always start doing micro jobs and get Bitcoin in exchange.
The name says it all — these are jobs that require small amounts of time and pay small amounts of Bitcoin. They might include things like testing a new plugin in order to see whether or not works well with a specific browser.
Another thing that you might be asked to do is to retweet some post. As you can see, these jobs truly only take seconds, and you would be done with them after that, and ready for the next one.
However, while they would likely only bring you a few Satoshi’s — every little bit can help, and you would be on your way of earning enough to start slowly trading BTC — small amounts at first, and then elevate your earnings by buying when the prices are low, and selling when they grow.
If you are interested in seeking out this kind of work, you can always check out Coinworker, which offers many of the tasks mentioned above, as well as many others.
How to Make Money With Buying
and Holding Bitcoins
Finally, we have buying and holding, which is the best way to get profit from BTC, according to some of the greatest experts in the crypto industry. Bitcoin’s current price is way lower than the largest price it has ever achieved. In other words, there is potential for the coin to at least reach that same price once again, if not an even higher one.
This is how most people in the crypto industry think. To them, the best way to earn profit would be to simply buy coins now and hold them for a few years. By then, their price will have doubled, tripled, quadrupled, or grown even more than that.
Imagine being the guy who bought BTC when it was a fraction of a cent, and decided to keep it in some wallet. Imagine forgetting about those coins for 8 years, and then one day, hearing that each of those coins is now worth $20,000.
Cashing out at that moment could make you a millionaire, almost instantly. This is the power of HODLing, and while BTC price is at around $8,500 right now — experts say that it could be worth $100,000 per coin someday.
Those who have bought it before or even those who buy it now and decide to HODL could see major gains in a few-years period. It is definitely worth considering.
And that is it. These are the best ways in which you can earn Bitcoin, buy Bitcoins, get or profit using mining from Bitcoin. As you can see, there are number of different methods, and all you need to do is take your pick, explore a bit, and start making a profit.
Whether your earnings will be large or small — depends on the method you choose. But, whatever you decide to do, the very fact that you are engaging with Bitcoin will give you a big advantage someday, when cryptocurrencies reach mass adoption.