If you’re one of the beginner bitcoin investors who doesn’t know much about bitcoin, it’s mostly hard to figured out all the legit ways to earn bitcoin online. Especially, when you don’t really know much of how to trade bitcoin the right way to get free bitcoin from cryptocurrency investment sites.
In this post, we’re going to discuss all the ways you can use to actually earn bitcoin fast online as a starter. But before we proceed, i will like to make something very clear to you.
There’s no such thing as getting free BTC online – Yeah, you heard me right. Remove that from your mind from today.
Something must be paid, and that might be time, money, energy or anything else altogether. Just know that, to earn bitcoin, you have to work hard for it, just like you would for any other currency we use on daily transactions in real world.
Let me guess, i just spoilt the whole fun of how to earn free bitcoin for you with the starting of this post content. Right?
Anyways, i didn’t mean to spoil the show, but i have to let you know, so you get to watch out very well, because a good number of scam sites use it as means, sometimes, to snatch lots of money from their victims.
Now let’s go straight to the reason why you’re reading this post in the first place. Let’s dive into all the legits ways you can earn bitcoin online anytime.
– Micro Earnings
This is prolly one of the easiest ways to earn bitcoin fast online, but the downside is that it’s time consuming. No matter how much time you devote to this niche, you may never make substantial income.
The amount you can always earn from this source is always irrelevant to the time spent altogether. Example of things that fall in this category are; Paid-to-Click (PTC) websites, Bitcoin faucets and Online micro jobs.
– Writing About Bitcoins
Writing about bitcoin investment requires a lot of time and knowledge about the term. Through writing for bitcoin, you can earn good amount of bitcoin online, but it all depends on where (i.e. the platform) you choose to write.
– Supply Bitcoin Related Services
In this category, there are quite a good number of things you can actually use to earn bitcoin fast online. This includes a lot of services that are required to be done by mostly the cryptocurrency currency enthusiasts.
The services ranges from Blockchain development, bitcoin website management, graphics and comic designing, mining guidance, marketing to rendering any kind of help online etc. The best ways to get ideas to the kind of services you can render, is to join bitcoin forums like e.g. Coinality and BitcoinTalk.
– Bitcoin Escrow Agent
This is yet another way of making money online by getting paid for arbitration in any bitcoin transaction. This means you will also need to gain reputation for yourself as a trusted person in the community, before you can start to earn bitcoin.
– Bitcoin Lending
As one of the bitcoin investors, you might’ve earned some bitcoins from other ways and wish to multiple it. Well, this is yet another way (though no longer trusted) to earn money online.
The whole idea is very simple – you lend out bitcoins to borrowers for their cryptocurrency trading projects on a bitcoin investment site like; BitBond, BitJam and Loanbase to get your investment back, plus an interest after a specific period of time.
– Mining Bitcoins
Let me be truthful about this option of earning bitcoin. It’s just not a good way to make money with bitcoin.
If you’re a starter in the cryptocurrency world, don’t even think of going through this angle, because you will spend both time, money and resources – lots of good research is required to make money with this option.
Undoubtedly, you can actually generate some bitcoin, but if you use bitcoin mining calculator, you’ll see that you’ll be making just 0.00000968BTC on daily basis (i.e. $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).
– Gambling for Bitcoins
This one doesn’t really need much explainations, as there are many gambling websites on the internet set to allow you stake your money for a chance to win a pot. The upside is that, you can make more bitcoins, but the downside is that, it’s all about prediction, and that is to say, you can actually loose all your money at an instance.
– Bitcoin Trading
This is simply the act of buying and selling bitcoin to make more profit in bitcoin. But if you’re a newbie, i will advice you first of all, try to research to understand how the market moves before making any serious trade with your bitcoin investment.
However, there are many types of bitcoin trading, and they are; Day Trading, Swing, CFD (Contract for Difference) and Binary Options.
Day trading is when you buy an altcoin with your bitcoin to sell it when the price goes high on the same day in order to make profit from the short-term price fluctuations.
Swing trading is buying assets (cryptocurrencies) for a long-term holding (known as HODLing), and that’s mostly on yearly basis – to make profit. This can actually make you a huge profit for your bitcoin investment.
CFD trading is more like day trading, but the difference is that you don’t buy the actual asset (bitcoin) – you buy CFDs (i.e. contracts) of the asset through a broker, to sell it later when the price goes down to make profit.
Binary option falls under win or loss. It’s another form of gambling though, but you predict if the market price or a token will go high or low in a specific time. If the prediction goes in your favor you’ll win the payoff; if you’re wrong, you loose your bitcoin investment.
– Bitcoin Affiliate Marketing
If you are already familiar with affiliate marketing, then there’s no need to explain this much to you. But if you’re a beginner, all you have to know is that, affiliate marketing is a program where you promote some products, based on recommendations to earn money online.
The only difference here, is that you promote products for companies that pays in return for conversion with bitcoins.
– Open a Bitcoin Faucet or Rotator
A bitcoin rotator site is a site that allows you to quickly surf through different faucets, without opening a new site or tab each time. The links to each faucet inside the rotator are referral links, and the rotator owner earns a commission from each faucet you visit through it as well.
However, rotators require maintenance as well, since Bitcoin faucets come and go pretty quickly and you’ll need to update your rotator accordingly. If you make a good bitcoin rotator with a lot of traffic, you’ll prolly generate nice income.
– Earn Bitcoin Using Apps and Playing Games
Gambling is also a kind of game, but this is a the type where you don’t have to make any investment. Instead of wasting your time playing games for free, you can make use of applications or play games to make little bitcoins in Satoshis.
– Get Free Bitcoins by Answering Questions Online
Seemit and Bitfortip comes to mind whenever i think of this option. These are websites that pays people for providing correct and best answers to questions.
The concept is more like that of Quora or Ask website, you ask questions to get answers, but this time, you earn a free token (bitcoin) for providing the best answer to a particular question.
– Earn Salary in Bitcoins
There are banks that you can register to earn your salaries in bitcoins depending on the percentage you decides to be converted to cryptocurrency. This is when you make use of bitcoin ATMs to collect your payments.
Up to you now
Is there any other way to earn bitcoin online that i didn’t note down in this post content? Which other means have you used to get free bitcoin? If you wouldn’t mind, i will like to know how you make or get more bitcoins to your wallet. Tell me the new method.