Make money with bitcoin trading

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 Trading Bitcoin Peer-to-Peer

Many people trade bitcoins intending to make money, something a lot of people don’t realize is one of the best ways to make profits more consistently is to make money trading bitcoin peer-to-peer (P2P). Stop wasting time with platforms promising unrealistic returns or cloud mining that can just end up losing you money, if you put in a little effort just about anyone can start a business or side hustle trading cryptocurrency.

Find out what P2P trading is and answer the more important question, how can you earn money trading bitcoin P2P?

What is a Peer-to-Peer Exchange?

Unlike trading with order-book style exchanges, P2P exchanges help match buyers and sellers more directly. Using a P2P bitcoin exchange, you interact with the other trader directly. You can set your own terms, profit margins, and even payment methods you are willing to accept. P2P exchanges are far more flexible and, as a result, provide a lot of trading opportunities that otherwise wouldn’t be possible. You can buy and sell on your terms with crypto traders worldwide!

How Can P2P Make Bitcoin Trading Profitable?

There’s a range of reasons people choose to trade bitcoin P2P, and one of those reasons is it can be a profitable business model. Many traders across the world use P2P trading to support themselves, their families, or just make a little extra money. The inherent flexibility of P2P trading is what makes it a great way to earn money trading crypto. There’s also no need to worry excessively about price trends when trading P2P as you can source your crypto immediately before trades when using a platform that doesn’t require prefunding of trade offers, such as LocalCoinSwap.

You can achieve consistent profits by taking advantage of various techniques, essentially what are forms of arbitrage that provide convenience for your trading partners and profit for yourself. The crypto markets can be an exciting place to explore and trading P2P can help you make that a profitable experience no matter what the market conditions are that could affect other types of cryptocurrency trading.

Providing in demand payment types and access to regions where demand is not being met provide a great way to earn crypto every day or profit via a vast range of payment methods. There’s no need for margin trading, risky CFD trading, trading bots, or other higher risk trading instruments when you keep it more direct and simple with P2P exchange.

Making Money Trading Bitcoin by Offering Convenience

When traders start looking to buy bitcoin, they often have preferences for which type of payment method they would like to use. Just like the drink machines at the bottom of an escalator in a supermarket with those overpriced drinks, convenience can be profitable. Offering people what they want in a way that is easy for them will result in a reasonable profit margin for yourself and providing the service the other party wants. Even if you only have a small amount of money available, you can still start by creating trade offers with more moderate limits so you can get started with whatever funds you have available, not everyone is looking for large amounts of crypto.

While some payment types can require some extra risk management, such as PayPal or gift cards, even payment methods that are considered relatively easy to manage like bank transfer will demand a higher margin than bitcoin’s current market price. When you offer payment types that are in demand, you provide a service that many traditional kinds of exchanges fail to deliver, the convenience of being able to buy bitcoin in a way that suits everyone.

Even many «instant» bitcoin exchanges fail to offer more than one or two payment methods. While this can be inconvenient, it can be a fantastic opportunity for those traders willing to put in a little time and effort to make a business from this opportunity themselves.

The International Bitcoin Market is Volatile

Just like bitcoin itself, the worldwide bitcoin market is a volatile one. Across the planet, events can affect bitcoin’s local trading price in both positive and negative ways. For those traders in other regions, this provides an opportunity to help provide better access to cryptocurrency in these regions, help smooth out price volatility by providing liquidity to areas lacking it, and make some profit.

Regional arbitrage can be a great way to earn money exchanging crypto, especially if you have family or close friends that live in the locations you are trading into. You may find having a local bank account helpful. Still, in many cases, you can trade in these regions using international payment methods that support both your area and your target location.

Helping bridge communities across the world is one of the many incredible benefits of being a P2P trader, and one of the other ways you can make trading bitcoin and other cryptocurrencies profitable. Not everyone has the same access to banking let alone crypto, you can take advantage of the demand while helping provide access to those in need of more avenues to get involved in the cryptocurrency space.

Do You Need to Understand Technical Analysis to Profit?

No, and while technical analysis can be a useful tool for some traders, many P2P traders don’t use it at all. For those who already hold a moderate amount of bitcoin, you can simply rebuy what you sell, or you may prefer to opt to buy the bitcoin for specific trades. In either common scenario, market movements outside of the extreme will not significantly affect your P2P trading experience. While bitcoin is still quite volatile, if you keep your trade sizes moderate and ensure your trades go swiftly, you aren’t likely to experience many volatility issues, especially if you factor this potential into your margins.

If you do want to learn technical analysis, there’s no need to pay «influencers» to teach you, there’s plenty of fantastic free tutorials to learn technical analysis available online with some amazing content on the subject. Just two examples of many are Investopedia and Babypips that offer some great tutorials for traders as well as various trading tips for you to explore to expand not just your crypto trader knowledge but get a better grasp on traditional finance at the same time.

You don’t need to be an expert in financial markets to learn the basics of technical analysis. Learning about currency pairs, trading platforms, money management, all these are pretty useful skills for anyone interested in cryptocurrency or finance in general. However, becoming a P2P trader requires minimal knowledge, so don’t feel like you require any of this type of experience or education to get involved in the cryptocurrency markets. If you have a general understanding of bitcoin and the payment methods you wish to provide you have all you need to become a fantastic crypto trader and can start using this interesting way to make money from digital currency.

Can You Make Money from Bitcoin in a Bear Market?

One of the great benefits of P2P trading is that you can profit no matter which direction the market is trending or the current price of bitcoin as price movements aren’t a significant concern if you manage your trades well. As you earn money from margins on top of the current market price, it doesn’t matter so much if the bitcoin market was up or down that week, month, or year. So whether it’s bearish or bullish, one of the best ways to earn money from bitcoin is trading P2P.

If you are a bitcoin enthusiast, you may even find P2P trading is a great way to help stack satoshis during an extended bear market, without margin trading or reducing your bitcoin exposure. While it’s not passive income, it can be a fantastic way to may an alternative form of income that avoids you having to sit in an office all day, instead you can trade from wherever you are. Becoming a cryptocurrency vendor could even allow you ways to make money while travelling the world.

Can you Make Passive Income from Bitcoin Trading?

While trading peer-to-peer does require some effort, it’s not a «get rich quick» scheme, there is another approach you can take to either make extra from your crypto trading or by simply referring traders to the most popular non-custodial P2P marketplace! You can make a secondary source of income from P2P trading is via the LocalCoinSwap referral program, while some basic affiliate marketing you could generate yourself another income stream to help supplement you even when you aren’t trading.

If you already trade on other trading platforms you are even better positioned to get make passive income from the program as you can refer your customers from elsewhere, so even if you don’t always trade with them you could still be earning a little crypto when they do.

Tips for Getting the Most Trades

• Spend a little time ensuring that your terms are clear and concise
• Price your trade offers to be competitive with those also offering similar trades
• Respond to trade requests as promptly as you can to help build your reputation
• Be friendly and help new traders when you can as they are more likely to return
• Offer payment methods that are in demand but also don’t have a charge back risk

How to Get the Bitcoin to Trade?

Where you get the bitcoin to trade with can vary depending on your circumstances, options available to you, and your preferences. When you are a vendor, it’s essential to get a lower price than what price you intend to sell to give you a high chance of profitability. One approach to doing this is by using a different payment method to purchase your bitcoin with lower average margins.

For example, you could buy bitcoin with bank transfer and then sell it using PayPal or any number of other higher-margin payment methods. If you are trading the bitcoin you own already, you may just wish to replenish this as you go, which can make things easier for you as you won’t need to buy bitcoin immediately for your trades or try and predict the movements of bitcoin price in between transactions.

Using LocalCoinSwap to Profit from Trading Bitcoin

When you use LocalCoinSwap, you are able to trade in ways that ensure you can be as flexible as you need to make your bitcoin trading profitable. When creating an offer and becoming a vendor on LocalCoinSwap, you don’t need to pre-fund trade offers. This feature allows you to relax while you wait for trades to come in, instead of having your cryptocurrency locked on an exchange somewhere waiting for a trade to be initiated.

Without the need to fund offers you create until you accept a trade, you can avoid the hassles of day trading trying to maintain your money and focus on P2P bitcoin trading if you prefer. With hundreds of payment methods and virtually any fiat pair you could want, you can trade your way on LocalCoinSwap and make a bitcoin trading business your own without having to run your own cryptocurrency exchange platform.

Long or short, bullish or bearish, you can still use LocalCoinSwap to trade the cryptocurrency markets across the world. You can buy or sell a range of popular cryptocurrencies any time you want and anywhere you are thanks to the P2P trading process.

How to Become a Vendor on LocalCoinSwap

1. Sign up to LocalCoinSwap — Head on over to LocalCoinSwap.com and get registered. All you need is an active email address to get started. It doesn’t matter if you are looking to trade bitcoin short term or long term, LocalCoinSwap is a great place to trade.
2. Optionally Verify Your Account — There are no forced KYC or excessive verification measures to use LocalCoinSwap, though verifying your account can make you a more appealing vendor. Instant sign up has you trading fast without having to spend too much time setting up your trading account.
3. Post a Trade — You can have your first trade offer listed in moments by clicking «Create Offer» and following the prompts provided. You can quickly make offers for one or more types of trades depending on the range of trade types you are offering. You can also browse thousands of trade offers from cryptocurrency traders from across the world!

If you want to go short on bitcoin during a down trend or go long on ethereum during a bullish market cycle, the choice is yours with the help of P2P trading. Start buying or selling your favorite cryptocurrency today.

More About How to Make Money With Bitcoin Trading

Read more about how to make money trading peer-to-peer and much more on our blog, where you can learn about bitcoin, cryptocurrency, trading, blockchain technology, and much more! You can also follow us across social media where we share the latest in crypto news, articles, and project updates. We hope you’ll join us if you haven’t already in making P2P trading the best it can be!

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