1. Learn About Cryptocurrency
Do you know that you can make money with Bitcoin and cryptocurrencies, just by learning how they work, how their price is determined, on which platform to buy and sell Bitcoin, etc.?
Knowledge is power -- and it’s truer than ever with cryptocurrency.
But learning doesn’t need to be tedious and confusing with only the promise of earning Bitcoin and cryptocurrencies sometimes in the distant future.
For instance, Coinbase, the largest and most popular cryptocurrency exchange in the world, offers the following (brilliant) incentive for its members.
Its simple: watch a few videos (max 10 min. total) about a specific cryptocurrency -- and earn up to $50 dollars in that currency you just learned about. You can then convert it into Bitcoin using the Coinbase exchange -- and boom, you got one way to make money with Bitcoin without risk.
EARN ON COINBASE
The videos are concise, informative, and entertaining. The best part being, of course, is that you earn the currency and can begin trading it or sell it for fiat.
Once you’re hooked on the basics of cryptocurrency, you’ll no doubt want to learn even more.
Take note that not everyone is eligible to participate. The best way to know is to try to participate and join the waitlist, if any.
2. Surf The Web With Brave
What is Brave? Well, if you’ve signed up for Coinbase Earn, you might already know!
Coinbase Earn has a short course about Brave and its very own cryptocurrency token -- BAT. So, how do you make money with Bitcoin using Brave?
Just browse the internet and earn!
If you haven’t seen the course, then here is a short intro: Brave is a web browser, much like Google Chrome and Safari.
3. Make Money With Bitcoin Affiliate Programs
Affiliate programs are a simple concept: websites pay you commissions for referring customers to them.
Bitcoin and other cryptocurrency affiliate programs will, naturally, offer to pay you in BTC. So how can you earn money in Bitcoin? Join such a program.
If you have a blog, YouTube channel, or other social media account: join a crypto affiliate program and share your links. Boom. Off to the races.
If you don’t produce content, then share your links with your friends, family, and post them wherever you can.
You’ll be earning Bitcoin and showing them that they too can learn how to make money with bitcoin.
4. Work in the Bitcoin Industry
Working in the Bitcoin industry goes beyond just monetary value. There is no better way to learn how to make money with Bitcoin than by working with Bitcoin. The cost here is time and discipline.
If you take the time to understand crypto and can translate your expertise to the cryptocurrency industry, then your skills will be in high demand amongst the financial and technology worlds.
Most people have zero understanding of blockchain technology, crypto economics, mining, or how to think critically about its implications.
Given the lack of understanding coupled with rising demand, cryptocurrency experts can easily make upwards of $90,000, $150,000, $200,000 or more depending on experience.
And you know what?
Most of these jobs can often be done remotely, from anywhere in the world, and pay anywhere between $40,000-90,000 per year. Plus, they may very well offer to pay you directly in Bitcoin -- which makes learning how to make money on bitcoin so, so much easier.
5. Invest in Bitcoin
Perhaps the easiest -- yet no less stressful -- answer to the question “how to make money with Bitcoin” is to buy some BTC (or just a few bits of BTC) and hold them.
Even people who bought at every ATHmost often times will make money.
Bitcoin peaked at $32 in 2011, $260 in 2012, $1,300 in 2013, and of course $19k in 2017.
After each peak BTC saw a big correction, it’s true. But for the people who held on -- they were able to cash out at the next cycle. That’s where profits come from -- holding on.
Buying and holding is fairly easy if you don’t know the basics. You don’t need to learn to code or learn about other cryptocurrencies. All you need to do is buy Bitcoin hold it.
6. Earn First Deposit Bonuses
When you are comfortable buying, selling, transferring, and holding Bitcoin, the world of ways to earn bitcoin begins to open up.
For example, just depositing and buying BTC on the following exchanges will make you earn more BTC.
Keep in mind though, that you won’t earn if you don’t use the links below.
7. Make Money With Bitcoin Lending
Lending is an excellent way to earn money from Bitcoin.
Lending is underutilized, and we cannot stress enough how great of an opportunity it is to make money with Bitcoin.
8. Make Money With Bitcoin Trading
How to make money with Bitcoin? “Trading!” they say. Trading is the approach that everyone thinks will get them rich.
While this can be true, it requires lots of work and dedication to become a profitable trader.
As opposed to regular investors or ‘HODLer’ who buy cryptocurrencies and hold them for a long time, traders enter and exit positions intraday, flipping coins for profits hoping to make hundreds or thousands each day.
9. Make Money With Bitcoin Gambling
Gambling is gambling -- it’s one of the oldest industries in the world.
No surprise that Bitcoin gambling sites have cropped up to answer the call of how to make money with bitcoin.
Be careful though, as regulations haven’t caught up to the crypto gambling industry. Scams and bad odds are out there.
Fear not, we’ve compiled a list of the more reputable bitcoin gambling sites.
10. Make Money With Bitcoin Mining
Miners are arguably the most integral part of any decentralized blockchain network. They validate transactions, keep the network secure, and ultimately keep transactions moving.
Without miners, transactions would be stale and the Bitcoin network would be useless. As a result of contributing to the network, miners receive coin rewards, more technically known as block rewards. You do not need Bitcoin to mine, just some upfront cash to invest.
Mining has grown into a massive industry with giants such as Bitmain and other institutional sized mining farms. Big profits are to be made, but not without significant upfront cost.
Most cryptocurrencies require mining rigs for the miner to reap any benefit as mining with your basic computer (CPU) won’t do anything besides maybe increase your electricity bill.
Mining requires buying a mining rig or creating your own. Generally, mining rigs are made of 2 or more graphics cards (GPUs) because GPUs are much more powerful than CPUs, generating more hash power. Once you have the hardware rig, you can then connect your rig to a mining pool, which allows you to more easily direct your hashing power towards Bitcoin’s network.
Be aware that a mining rig can cost anywhere from $1,000 or more, and running these will also increase your electricity bill significantly.
Sure we to earn a Bitcoin