10 Ways to Make Money with Bitcoin

by Josh Biggs in Blockchain, Finance on 3rd April 2022

Owning a cryptocurrency is great, the digital currency has become more popular and efficient over a decade. Though there are thousands of cryptocurrencies exist in the crypto market, Bitcoin will always have a special place in investors’ hearts.

Bitcoin is the popular digital currency that leverages a peer-to-peer network in order to provide the transfer of digital value without any central authority or banks. There are several reasons for investors to choose Bitcoin, the digital currency is used as a payment option for purchasing any product or service.

Bitcoin is a wonderful digital token with incredible technology, you can use as a long-term investment, Bitiq is the best platform to invest safely. You can either buy or sell on a cryptocurrency exchange platform for fiat money like U.S dollars, Euros, etc. The most impressive part of Bitcoin is that you can make money. Yes, you’ve heard it right! 

Best ways to make money with Bitcoin

Buy and hold Bitcoins

Want to make money? Don’t want to put in much effort? Yes! There is a simple formula for you i.e “Buy and Hold Bitcoin”. This can be a simple and beginner-friendly approach to making money with your Bitcoin. Long-term crypto investors are following this approach to make their earnings double.

Keep a note, patience is your key. You need to wait months or years, the longer you wait, the more money you can earn. There are several Bitcoin wallets available in the market, you need to buy the best Bitcoin wallet to invest, sell or hold.

Buy Bitcoin when you think the value increases in the upcoming days or years. During the price surge, you need to sell all your Bitcoin and earn a profit.  

Mining

Good news for all tech-savvy out there, you can earn money through the mining process. As a miner, you need to use the desktop to solve mathematical equations to validate every block of the transaction. This is an excellent way to earn tons of money with your Bitcoin. If you are good at solving mathematical problems, mining can be the best way for you. All you need to do is solve cryptographic puzzles, once you’ve successfully solved them, you need to add a new block to the blockchain. If you don’t have enough knowledge for solving mathematical equations, don’t pour your valuable money into crypto mining.

Earn interest

“Earn interest” can be the happiest phrase for investors. If you want to preserve Bitcoin for a longer period, this option is just for you. There are few popular crypto exchange platforms and crypto wallets are allowing their users to make money through earning interest on their Bitcoin. It just works similar to your savings account. You will be rewarded with a percentage of interest on saving money in your account. In the same way, earn good interest with Bitcoin. Create an account on any crypto exchange platform, verify your identification and deposit funds. That’s it! You can earn interest with your Bitcoin. The process is easy and fast.

Day trading

Whether you’re a newbie or an experienced crypto investor, you might be familiar with day trading. This is the easiest way to make money, day trading is used with exchanging fiat money and stocks. The process is also similar to Bitcoin as well. At the initial step, you need to purchase Bitcoin and sell them for a good profit. Keep in mind that this can be a risky process when you don’t know how to trade or are unable to predict the value. Learn and then start your day trading with confidence. You can also make day trading your full-time profession, there are many people who are making a good income from trading.

Lending your Bitcoins

Make passive income with Bitcoin by lending or borrowing. Bitcoin lending is an agreement between the lender and borrower. There are few crypto exchange platforms that support lending services. Most specifically, a Bitcoin loan will include an agreement in which the borrower will pledge their Bitcoin as collateral. On the other hand, the lender will accept their terms and offer their Bitcoin and the borrower needs to pay money to the lender either in terms of interest or another way.

Micro earnings

Everyone needs to accept the fact that micro earnings will not fulfill your big dream. Still, micro earnings can be a reliable and trustworthy source, you can meet your daily expenditure with micro earnings. There are few money-making platforms available, these websites will pay a good amount for watching videos, playing an online game, clicking on links, completing surveys etc. These platforms might pay in Bitcoin as rewards. Though the pay is not high, you can make money easily and quickly.

Get Bitcoin cashback on your credit card orders

The popular and global payment gateway allows you to earn Bitcoin cashback whenever you place an order through a credit card. Let’s consider, when you buy a laptop using Visa Signature Credit Card, instead of earning points, you can earn upto 3.5% cashback, this would be converted to Bitcoin instantly. The cashback value will add to your BlockFi account. Another good side is that there are zero foreign transaction charges.

Earn tips in Bitcoin

If you’re a kind-hearted person, helping others can be the happiest thing for you. Earning Bitcoin by helping others, this really sounds good. Check out Bitfortip and earn tips as Bitcoin rewards. Get registered on the platform, and help other people by accomplishing the task. The task may range from providing technical solutions to finding a party dress online. Also, video gamers can stream on the Twitch platform and earn Bitcoin as a tip. Earning Bitcoin is easy right? Yes! Always, do research while investing your time or money on online platforms.

Play blockchain games

Playing online games can be a stress buster for many of us. How about playing and earning money? Sounds fantastic. Few games such as Bitcoin Alien Run and other NFT games are winning the hearts of millions of gamers around the world. Gamers are earning money by playing these games. Additionally, there are a few blockchain games such as Axie Infinity, My DeFi Pet, etc that are also helping gamers to earn money. Play in the comfort of your own home and earn passive income. These Bitcoin games are fun compared to day trading or micro-jobs.

Write about Bitcoin

It’s an open fact that cryptocurrency is probably the new niche in the world. There will be few people who know completely about cryptocurrency. If you’ve enough knowledge of cryptocurrency and can write engaging content, call yourself lucky. Because you can earn money just by writing about Bitcoin and other cryptocurrencies. Work for “Cryptocurrency News or Bitcoin Magazine”, these platforms are paying good salaries for copywriters. If you don’t want a full-time job, you can log in to Freelancer and Upwork websites and earn money at your convenience.

Becoming an affiliate

Earning money with your Bitcoin is easy with an affiliate program. Become a Bitcoin affiliate and promote it on your social media channels. All you have to do is promote Bitcoin products or services on Facebook, LinkedIn, Twitter or other social networking sites. When your follower clicks on the link and redirects to the landing page, you will earn a commission. The commission may vary according to payment models such as CPC (cost per click), CPS (cost per sale) and more.

The commission will depend on the number of leads you generate. Also, you can make more money by conducting an affiliate campaign explaining to people the benefits of Bitcoin or cryptocurrency. Make a note, never promote spam content or products on your social networks. 

Conclusion

Bitcoin is the first cryptocurrency across the world proposed by Satoshi Nakamoto. The cryptocurrency will constantly lead the other popular digital tokens in terms of popularity, market capitalization, security, user base and more. Besides its incredible functionality, Bitcoin can be an excellent passive money generator for all investors. From mining to earning interest, there are several ways to make money with your Bitcoin.

Categories: Blockchain Finance