There are many methods for earning Bitcoins or Alt Coins, you’re probably already aware of Investing and Trading, so in this article, we’re going to explore a few more ways.
- Cryptocurrency exchange
- Micro tasking
- Supplying Bitcoin-related services
- Becoming a Bitcoin Escrow Agent
- Bitcoin Affiliate Marketing
The first method to gather more Bitcoins is by cryptocurrency exchange or trading. As mentioned within the previous articles, there are various varieties of trading or exchange options available for Bitcoin.
You’ll trade Bitcoin for Ethereum, or Bitcoin with other cryptocurrencies, and even Bitcoin with fiat currencies. But most significantly, make sure you have equipped yourself with the knowledge required to start out exchanging Bitcoin so you recognize the risks involved similarly as what proportion you wish to take a position as a beginner.
One of the foremost common ways of accumulating and earning Bitcoin through trading is by “Day Trading”. Day trading is that the buying and selling of Bitcoins on an identical day supported small, short-term price fluctuations.
Therefore, once you observe the market and see that the worth of Bitcoin goes up, it’s an honest time to get some Bitcoins and sell them immediately after you’ve made your profit.
The second method to earn Bitcoins is thru “Faucets”. What are Faucets?
Faucets also known as Cranes are websites that share Bitcoins on an everyday basis. they’ll drip Bitcoins every minute, every 10 minutes, every hour, or once every week.
All of you who would like to try this is to join up on the websites using your Bitcoin address and sometimes your email.
Not all pay in Bitcoins, there are faucets for many other Alt Coins.
However one downside with this method is that the amount of Bitcoin given away isn’t a world shattering amount, and sometimes all you’ll get is 0.00000005 BTC so only a few cent worth. But still, your getting Bitcoins for free? and looking out at how volatile the cryptocurrency market is, it’s definitely worth the try!
Using FireFaucet I’m not having to much trouble hitting my max withdrawal of $10 frequently.
Some of the popular Faucets that you simply can try and join up to win your Bitcoins are;
The third method to earn your Bitcoin is by micro-tasking. Micro-tasking is websites that pay their users using Bitcoins for completing tasks like filling up surveys, watching videos, and signing up for brand new services. You’ll join up at no cost and every one of the tasks is done within your own time!
Many Micro Tasking sites, appear as Offer Walls upon the big and popular Faucets.
Supplying Bitcoin-related services
Next, you’ll be able to earn Bitcoin by offering Bitcoin-related services. Not many of us know that you simply can get paid with Bitcoin rather than Fiat Currency for offering crypto-related services.
If you would like to induce a concept of what services you may provide you can visit Coinality, a site that supplies current updates on Bitcoin jobs posted online.
You can also visit BitcoinTalk, a forum that discusses a large range of cryptocurrency topics, including a services thread where users are trying to find Bitcoin service providers.
Some samples of services people are trying to find are;
- Blockchain developer
- Website manager
- Graphic designer
- Mining expert
- Online marketer
- Writing for cryptocurrency blogs and news sites
Becoming a Bitcoin Escrow Agent
The fifth method for you to earn more Bitcoin is by becoming a Bitcoin Escrow agent.
What is a Bitcoin Escrow Agent? An agent handles the 3rd party escrow service of a Bitcoin transaction.
Bitcoin escrow agents have gotten more and more common as escrow protects users from fraudulent buyers by requiring the Bitcoin to be deposited up front.
Usually, Bitcoin transactions are anonymous exchanges that involve untrusted parties.
In a happening where the sellers prove to be scammers, the escrow agent will act as an arbitrator and determines who will receive the Bitcoins.
Many Bitcoin marketplaces provide escrow services, like LocalBitcoins, CryptoThrift, and BitPremier.
To be an escrow agent, you want to build up your reputation as a trustworthy party within the community.
Bitcoin Affiliate Marketing
Last but not least is getting involved in Bitcoin affiliate marketing.
For people who aren’t conversant in affiliate marketing, the concept behind it’s that you just promote someone else’s product and that they pay you a percentage of the profit supported by the sales you usher in.
Let’s illustrate an example. Let’s say you choose to market TREZOR, a hardware cryptocurrency wallet. If someone decides to buy TREZOR and therefore the customers came from your site, you get a commission for it.
And the neatest thing is, you earn your commissions in Bitcoin where previous Bitcoin affiliate marketers have reported reasonable values of Bitcoin being paid to them. I’ve already listed the possible methods to earn your Bitcoins.
Always remember whatever method you select to venture into, there’s no such thing as easy money. If earning Bitcoins were that easy, everyone would have done it by now.
In each of the methods listed above, you may either have to invest some time or your money. there’s no easy answer. Try what works for you and twiddling my thumbs with the results.