How to Earn Bitcoins
So you want to get some Bitcoin but don’t have the money to buy some? I’m Jeef Thomas, and we’re going to cover the four ways to earn Bitcoin and other cryptocurrencies in our 2...minute….tutorial. Opportunity number one, shopping rewards. Lolli is a free chrome extension that will pay you up to 30% of your purchase for shopping at selected stores.
This is a great way to earn Bitcoins while shopping for stuff you were gonna buy anyway. Some of the stores that Lolli supports include Nike, Booking.com, Macy’s, Staples and more. Opportunity number two, interest bearing accounts. If you already own cryptocurrency, you can deposit it in an interest bearing account and gain interest on it. There are several companies that supply this type of service, the most popular ones being BlockFi, Celsius Network, Crypto.com and Nexo.
Opportunity number three, referral programs. Many exchanges, wallet providers, and other services offer a referral program, also known as an affiliate program. This means that if you refer people to one of these services using a personalized link and they use it, you get paid. For example, have friends who want to buy their first Bitcoin? Send them your affiliate link and earn Bitcoin when they make their first purchase. Opportunity number four, staking. Certain cryptocurrencies allow you to lock up a portion of your holdings in order to participate with transaction validation on their network.
This is known as staking and it’s the energy efficient alternative to cryptocurrency mining. The more coins you stake the higher your chances of being chosen as a validator and earning rewards. Some popular cryptocurrencies that allow staking today are Tezos, Cardano and Ethereum. Before we conclude - A quick word about what to avoid. Some sites will offer you unusually high gains if you deposit money with them. These types of High Yield Investment Programs or hyip for short have a proven track record of being complete scams and running away with their users’ money. If you have any doubts as to whether a site is legit, you can use our free Bitcoin Scam Test tool to find out. So there you have it - four unique opportunities for earning Bitcoin and other cryptocurrencies and one “opportunity” to avoid at all costs.
