7 Great Ways to Earn Bitcoin Online
There are multiple ways to earn bitcoin online but I must tell you there is no easy way to earn something substantial without some hard work and effort. If you can put in this efforts, then be rest assured that you will earn something nice. I will give you some proven ways to earn which I have used myself over the years, as a bitcoin newbie when I started and as a present bitcoin experienced user.
Furthermore, as much as we say that you can earn bitcoins freely, it will always cost you something to get them. It may not always be money, but something needs to be spent, whether it’s time, your email address, viewing ads or anything else. Hope I didn't take you off balance with that statement at the beginning of this write up, but you should continue reading as I am sure you get some tangible information that would help you. So, let's ride!
Writing about Bitcoin requires time, knowledge and the ability to write in the required language (usually English). Through writing, you can start making a nice income depending on where you choose to write.
BitcoinTalk Signature Campaigns ($2.67/hour on avg.)
Somewhere around mid-2014, BitcoinTalk started running signature campaigns. What this means is that you use your BitcoinTalk’s signature to advertise a Bitcoin product and get paid for every post you write. The complete list of campaigns can be seen here. Of course, this created a lot of “junk” posts on BitcoinTalk, like people saying just “thank you” or “awesome post” and not adding any actual content.
You get paid according to your membership level on BitcoinTalk. Usually, anyone under a full member won’t get paid that much or paid at all. To becoming a full member, you’ll need at least 120 posts under your belt, and then you can start earning 0.0005BTC on average per post. There are also limitations on posts you can write such as “original posts with 60 or more characters”, “You can’t have negative trust or other advertisements”, etc. Sometimes, there’s also a minimum post requirement per week. Although, there are some campaigns that accepts newbies with previous constructive posts.
Seeing as writing a constructive post of at least 60 words takes a minimum of five minutes, my guess is that if you work for 24 hours straight, you can make 0.144BTC. So you’ll be making $64.08 for 24 hours of work. This, of course, does not include the number of posts you need to write in order to get the required membership level on BitcoinTalk. Also, many campaigns have a “maximum posts allowed per week” policy, so you may not be able to work a full 24 hours.
Writing for blogs and news sites ($31.25/hour on avg.)
If you think you have enough knowledge to contribute about Bitcoin, you can always become a writer for a blog or a news site. Many sites need to fill up a daily quota of posts, and they are desperately looking for writers and I can say that the salary of a blog post writer will vary significantly based on your experience, control of the English language and expertise. If you’re a top-notch writer, you can even make up to $80 per 1000-word blog post. On average, I’m guessing most writer get somewhere around $35 for a 1000-word blog post.
But writing a good blog post takes time. If you want to become a writer, the best way to find Bitcoin blogs that are looking for writers is through Bitcoinjobs platform, which aggregates all of the Bitcoin jobs being posted online.
2. Supply Bitcoin-related services
This category is a bit broad, as it includes every possible Bitcoin service that you can think of that someone would pay for. The best ways to get ideas for services you can provide is to visit either Coinality (which I’ve mentioned previously) or the services thread on BitcoinTalk. Some examples for services people are looking for:
- Blockchain developer
- Website manager
- Graphic design expert
- Mining expert
- Online marketer, etc.
- Becoming a Bitcoin escrow agent
I can’t really put a price estimate on this category, since every service is different. This is something you will have to personally research depending on the service you’d like to provide.
3. Mine Bitcoins
I must tell you Bitcoin mining is not a way to earn Bitcoin fast or free. It takes a lot of time, research and money that you’ll need to invest into mining equipment. If you’re a newbie, then you probably shouldn’t be pursuing this. If you’re a veteran, then you probably already know this.
Sure, you’ll be able to generate Bitcoins even if you use your own PC at home, but if you use a mining calculator, you’ll see that you’ll be making 0.00000968BTC a day ($0.0043) and spending perhaps 100x that on electricity bills or cooling down your computer (in hopes it doesn’t get ruined in the process). If you’ve missed our latest video about Bitcoin mining, perhaps this will give you a clearer explanation of what mining is and why you should probably stay away from it:
Some of you may say “but I saw some cloud-mining websites that allow me to profit without the need to pay the expenses involved in mining”. Well, in that case, you should perhaps know that, most, if not all, Bitcoin cloud mining websites are ponzi schemes that rarely actually use your investment to mine Bitcoins.
4. Gambling
This part doesn’t need a lot of explanation, I guess. There are a lot of Bitcoin gambling websites out there that will gladly take your money for the chance of winning a bigger pot. Here’s just one example. The upside about gambling is that it doesn’t take any specific skill to start doing it; the downside is that it’s much more likely that you’ll lose all of your Bitcoins than actually win anything.
Other very good examples are freebitco.in and crypto-games which are both combinations of faucet, gambling, and some other earning ways with wallet capability. We have a free script that can help you to auto gamble, though with some certain conditions, such as registering under us. Nevertheless, this does not guarantee anything and we are not liable as gambling is a game of luck, so use at your own peril. The only thing we can assure you is that if used well as told, the risk is going to be minimal and you may end up earning pretty much.
5. Bitcoin trading
First and foremost, I must say before you delve into this way of earning bitcoin, you need to equip yourself pretty well with the knowledge of trading. Although, there are few sites with an auto trading bot that does trading for you in a way impossible for any human to achieve and can help you do your daily trading and earn profit, but it comes with a fee and the more you trade with, the higher the amount you earn. Here are some trading options in case you are good with trading yourself;
Bitcoin-Altcoin Trading
This is the process of trading between cryptocurrencies. It is profitable but you still need to have knowledge about trading. There are some sites that offer platform for manual trading between coins such as Binance, Kucoin, and so on depending on which platform works best for you. Some have been found to be very reputable such as Poloniex and Kraken but you can find out more on which one you would prefer by doing some research.
Auto Bitcoin-Altcoin Trading
This is another form of trading but great for someone who does not have any knowledge of trading but still wishes to earn some coins from trading without loosing. These sites have an auto trading bot that does trading in a way that is humanly impossible, with a stop-loss which prevents you from loosing any of your coin. You may not earn as much as you would if you do manual trading but you will still be earning a whole lot using these platforms. However, it pays more if you can acquire the skills of trading by yourself.
Bitcoin day trading
Day trading is the buying and selling of Bitcoins on the same day, on the basis of small, short-term price fluctuations. So, if you think that Bitcoin’s price is going to go up, it’s a good time to buy some Bitcoins and sell them off after you’ve made a profit. In order to participate in actual day trading, you’ll have to own or buy Bitcoins.
Bitcoin CFDs (contracts for difference)
This is similar to day trading, but different to the extent that you don’t have to buy Bitcoins. When you buy Bitcoin CFDs, you can do it through a broker such as plus500 or AvaTrade. The idea is that instead of buying the actual asset (Bitcoin) and then selling it later, you buy a contract for that asset, so you don’t have to deal with actually holding or storing Bitcoins. More on Bitcoin CFDs here. With CFDs you can also short sell – meaning make a profit when Bitcoin’s price goes down.
Bitcoin binary options
Bitcoin binary options are a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time. If you’re correct, you earn the option’s payoff; if you’re incorrect, you lose your investment. They are called “Binary Options”, because the outcome is either win or lose; there’s nothing in between.
Basically, it’s a form of gambling that’s covered up with a pretty name. No one can predict precisely what will happen with Bitcoin’s price. If that were possible, we would all be billionaires. I suggest you stay away from Bitcoin binary options unless you like to gamble, and if you do, that’s fine I guess. You can find out more on it by doing some research.
6. Play games to earn Bitcoins
Aside from gambling, which is also considered a game, there are a variety of Bitcoin games that don’t require any investment, and allow you to earn Bitcoins while playing them. Think of them as a fun faucet, since you’ll probably be wasting your time and earning very little as well.
7. Receive your salary in Bitcoin
This is just a bonus. You can decide to receive some or all of your salary in bitcoin or even purchase some after receiving your salary and take advantage of the bitcoin value. It is a very cool way to earn yourself some satoshis. You can decide to hoard some, as there are lots of predictions regarding bitcoin heading straight to the moon someday. For example, a guy that bought 2,000USD worth of bitcoin in 2010 is now worth millions of dollars, who knows what would happen tomorrow if you also decide to take that risk today. You can purchase some bitcoin for yourself today from Coinbase, Remitano, Luno or Paxful and you won't regret it.
Credit: 99Bitcoins
Post a Comment