How make money with bitcoin

7 Ways Make Money With Bitcoin Quickly

Bitcoin is the most popular form of cryptocurrency that’s why it’s drawing more and more attention. If you are interested in making money with Bitcoins, we will teach you different strategies to do it right.

Are you wondering why many are joining the bitcoin bandwagon? Are you asking yourself how they make money from this digital cryptocurrency? If you do, then we will give you the answers.

Bitcoin itself has a value that you can convert into cash, so it’s a great asset. But, aside from this, there are a number of ways to make money from bitcoin. If you want to profit from this digital currency, here are the different things you can do to grow your wealth through Bitcoin.

#1 Writing

The cryptocurrency industry is still growing, but the online resources are scarce. As the interest for Bitcoin develops the demand for cryptocurrency writers and content creators will increase with it. So, if you love writing about bitcoins, you can potentially earn money from it.

As cryptocurrency writers, you can charge a premium for your service because of the complexity of the topics. Aside from writing informational content, a number of blockchain product companies pay active forum contributors to promote their product across popular platforms like Facebook and Reddit.

#2 Bitcoin Websites

Another great strategy to make money with bitcoin is by starting a Bitcoin website. Start a website and fill it with bitcoin-related contents that are relevant to those who are interested in this cryptorcurrency. Focus on anything from market trends and coin performance to explanations of advanced trading strategies.

There are endless amount of possible topics you can cover. Just make sure to provide relevant and helpful content. You can monetize your website through referral links and advertisement. The more visitors you have, the more money you’ll earn.

#3 Trade Bitcoins – Arbitrage

Another way to earn free Bitcoins is by trading. There are two methods in trading, the first way if you want to earn money is via arbitrate.

This is the safest way to earn from trading. This is the simultaneous buying and selling of assets to take advantage of differing prices. So, if you are into buying and selling, you can apply that skills here. There are multiple services that allows you to sell bitcoin. You can buy a Bitcoin at a lower price and immediately sell it for a higher price.

#4 Trade Bitcoins – Speculation

The speculation approach is risky. You would buy Bitcoins and wait until the price increases to sell it for a fiat currency. When the price drops, you will buy more. And repeat the process. You either need to be lucky or capable of predicting the future to make this work to your advantage.

There are people who are good traders and who can recognize patterns from price charts.

Here’s a number of sites that are best for Bitcoin trading.

• Coinbase. This is one of the most trusted platforms for trading cryptocurrency. It offers you the ability to trade a variety of digital assets on a secure, insurance backed platform.
• Bittrex. This site is designed for customers who want a lightning-fast trade execution, reliable digital wallets, and industry-leading security practices.
• Poloniex. This site includes advanced trading tools for trading, exchange and lending. It has cold storage and 24/7 monitoring to keep your money protected.
• Cryptopia. This supports literally hundreds of virtual cryptocurrencies with a low trading fee. It focuses on user experience with integration of additional services including marketplace and wallet.
• Gemini Exchange. This exchange is based in New York and is available in 48 US states and in other countries including Puerto Rico, Canada, UK, Singapore, South Korea and Hongkong. It has no deposit and withdrawal fees but charges 1% fee for trades to both the buyer and the seller.

#5 Lending

This is not as popular as the normal trading, but there are exchanges that allow you to loan your Bitcoin to other users. Sites like Bitfinex and Poloniex allows you to make money from your Bitcoin through margin funding.

When you margin fund, you will provide Bitcoin to other traders who are making leveraged margin calls. If you are willing to risk more, you can use the program SALT.

SALT allows you to leverage your blockchain assets to secure cash loans. In this way, you can make money from Bitcoins without having to sell your favorite investment.

SALT lending platform is a great option for those who need to make real-world expenditures but do not want to lose the potential gains from their digital currency holdings.

#6 Products and Services

Just like any new industry, since cryptocurrency is new, it opens new opportunities for you to create products and services. You can create a portfolio tracking app, a new cryptocurrency or blockchain-based games. There are plenty of options depending on your creativity.

#7 Convert your Bitcoin Into Cash

Bitcoins is a digital currency, but the great thing about this is that you can convert it into cash. Yes, you read it right, you can turn this into real money that you can hold and use for your future purchases.

If you have a bitcoin and want to turn it into a hard cash, you have several options, according to Sean Patterson.

Cashing Out Online

You can interact with a potential buyer directly and use an intermediary website to facilitate your connection with a certain fee. For this, you have to choose a financial service and create a seller’s account. When you’re account is ready, you can post a sell offer. Once you get paid, the website will transfer your cryptocurrency to the buyer.

For this you can use the following:

Coinbase. This financial service offers to transfer your bitcoins for free. But, if you are selling, you need to pay the service fee depending on what payout method you chose U.S. bank (1-2%), 1% for a Coinbase USD walled and 3.75% for PayPal

Bitbargain. This service has a variety of fees. If our ID is not verified you will be charged 0.005 BTC, the commission for trading operation is 1%. If you want to receive an SMS message you will have to pay 0.0003 BTC, and the banking verification procedure costs 0.02 BTC.

Cashing Out Offline

If you want to avoid service or cash withdrawal fees, you can also sell your bitcoins with a trade partner personally. For this, you can use special financial services that detect your geographical location and show the actual offers in your region.

Bitcoin Trading Exchange

Aside from trading with another person, you can find a trading platform that combines the features of Forex trading and Bitcoin exchanges. For this you have to open an account, place a sell order and state what type of currency you wish to sell and its amount. When a similar purchased is found, the exchange service will complete the transaction.

Kraken allows trading allows trading between bitcoins and EUR, USD, CAD, GPB and JPY. The trading fees are around 0.10% to 0.35%. This may vary depending on the quote currency volume. The processing fee for each paper copies of your communication is $60 per page. Meanwhile, the USD bank wire withdrawal is $5.

Bitfinex supports different digital currencies including bitcoins, litecoins and ethers. Its trading fee is around 0.10% to 0.20%, the bank wire fee is 0.100% with a minimum fee of $20, the express bank wire fee is 1.000% with a minimum fee of $20.

Cryptocurrency Converters

There are a number of ways to convert your bitcoins into cash. You can use an exchange service to instantly convert your digital currency into dollars, euros or other currencies. When the transaction is completed, you can withdraw the cash at ATMs using prepaid debit from one of the partner services offered by the site.

If you choose this route, make sure to only transact with legit sites. To do so, pay attention as to when the site was created and the reserve available for your chosen conversion pairs. Also, take the time to check their ratings and reviews.

Electronic Payment Systems

You can also perform all the conversion and withdrawal by yourself using a multi-functional electronic system. You can do this by opening a bitcoin account and then withdrawing the money using a wire transfer or prepaid debit card.

Conclusion

There are a number of ways to make money from Bitcoins. If you have tons of bitcoins, you convert it cash or trade it to earn money. If you don’t have bitcoins, you can still make money from it by working on bitcoin-related jobs.

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Make Money With Bitcoin

Towards the close of 2017, the price of Bitcoin rose to $19,000; a growth of more than 1,899,900% from its starting price back in 2009. As one of the strongest digital currencies, many people have been asking the question, “What is the best way to make money with Bitcoin?”.

While there are many ways that you can earn money with Bitcoin, it is important to understand that nothing comes for free. Note that the methods requiring limited efforts will only yield limited returns. Therefore, to make money with Bitcoin, a certain level of expertise about the blockchain and crypto markets will be required.

In this post, we dig deeper on how to make money with Bitcoin,and will assist you in picking the best strategy. The following strategies are arranged from the least difficult to the most complex.

What is Bitcoin?

Bitcoin is a decentralized cryptocurrency and an open-source peer-2-peer blockchain protocol created by Satoshi Nakamoto back in 2009. The platform was designed as a system for helping people send funds directly without going through centralized organizations such as banks.

Bitcoin works, in many aspects, like fiat currency because it can be used to make payments, as well as store and send funds. However, it is not a physical asset, and the lovely images you see online are simply representations of what digital currencies look like.

Bitcoin exists as a digital set of codes that can only be stored in the native blockchain (Bitcoin platform), or in digital wallets such as Ledger Nano S. To access, use, store and trade Bitcoin you will need to have the following set of codes generated by the respective wallet; private keys, public address, and a seed phrase.

As a decentralized platform, the Bitcoin system does not have a central governance system. Rather, the platform and its operations are run by nodes that are spread across the globe.

In total, there are 21 million Bitcoins capable of existing on the blockchain. However, they can be subdivided into smaller units and the smallest unit of Bitcoin is 0.00000001 units (commonly referred to as a Satoshi).

The following are the primary methods for making money with Bitcoin.

Using Pay-To-Click Sites that Pay in Bitcoin

There are websites that pay their users with Bitcoins for visiting specific sites and viewing them. Although there are a number of these sites, the most popular is Ads4BTC. This website allows people to view ads for 5, 10, or 20 seconds and get paid in Bitcoin.

If you take a closer look Ads4BTC, a 5-second ad earns 90 Satoshis, a 10 seconds ad yields about 300 satoshis, and a 20 seconds ad will get you about 900 Satoshis. Also, at certain times, the site runs bonuses which pay even more.

Micro Jobs that Pay in Bitcoin

This is one of the main methods on how to make money with Bitcoin.These are websites that pay people in Bitcoin for completing small tasks. A good example is Coinworker. Tasks may include testing features such as plugins or simply retweeting posts on social media.

Although the payments using this method are small, the earnings are higher compared to using pay-to-click sites. Here is a snapshot of CoinWorker platform.

Bitcoin Affiliate Marketing

Affiliate marketing is a method of marketing where a user gets paid a commission for all referrals to a business. If your social media profile or business has a significant following, getting referrals to a Bitcoin business could possibly earn you a significant commission paid out in Bitcoin.

To increase your income when using Bitcoin affiliate marketing, it is important to negotiate for higher commission rates. Also, remember to continue using strategies such as regularly reviewing crypto-related products, which will help portray you as a leader in the industry.

How to Make Money with Bitcoin Mining

Mining is the process used to create new coins on most cryptocurrency networks. In Bitcoin, mining utilizes a proof of work (PoW) algorithm that requires computers to use their processing power to solve complex puzzles for a chance to confirm new blocks and earn a reward.

In the early years of Bitcoin, mining was relatively easy. Today, however, mining Bitcoin requires a lot of processing power and cannot be done without specialized ASIC (Application specific integrated circuits) such as Dragonmint 16T and Antminer R4.

For people who find the ASICs equipment too expensive, or the mining process too complicated, a better option is to join mining pools such as Genesis Mining and AntPool. These are companies that have invested in mining equipment and lease the mining power to their customers.

How to Make Money with Bitcoin Trading

The best method on how to make money with Bitcoin is trading on the markets. However, this requires ample knowledge about the markets, much the same way as with trading on the forex markets. So, how do you make money trading Bitcoin? Here is the process.

1. Identify an exchange that lists Bitcoin: This is the first stage, and perhaps the most important. It is advisable to select the markets that provide the most trading pairs, leverage, and diverse orders. Good examples to consider include CEX.io and Coinbase because they also allow users to make deposits with credit cards, as well as wire transfers.
2. Register for a crypto trading account and verify it: After selecting your preferred exchange, you are required to register for an account and verify it with personal information such as a phone number, proof of location, and your date of birth. The verification info may vary depending on the selected exchange.
3. Deposit trading funds and buy Bitcoin: Before starting to trade, you will be required to deposit the funds that you wish to trade. Note that a trader is required to convert fiat currencies to cryptocurrencies because most exchanges only trade digital assets.
4. Pair Bitcoin and start selling or buying depending on the market conditions: With your funds in the trading account, you are ready to go. Identify a trading pair, such as BTC/ETH or BTC/USD, depending on your personal preference and start trading.

When you click the “trade” icon, a page showing the movement of the selected pair will appear in the window. To sell, you only need to hit the tab on the left side or hit the one on the right side to buy. (Note that this model is borrowed largely from CEX.io).

Here is a video to help you with trading Bitcoins.

The Final Take

When you set out looking for a strategy on how to make money with Bitcoin, it is important to understand that the amount you can make depends largely on the complexity of the method you choose. Trading is considered the best method to earn money with Bitcoin because there are no limitations or programming technicalities involved and it is similar to trading fiat currencies in many ways. However, you first need to understand the Bitcoin markets, and their ever-changing dynamics to be able to make the right moves to optimize your profits.

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