12 ways to make money from bitcoin

12 ways to make money from bitcoin

12 ways to make money from bitcoin
12 ways to make money from bitcoin

Making money from bitcoin is one of the methods used today to make a profit with the advancement of technology. As we said in previous Bitcoin articles, Bitcoin is simply a digital currency used in online transactions. In fact, bitcoin was created to secure financial transactions, and its main purpose is to provide a safe and secure environment for the transfer and storage of people’s money and capital.

Why Bitcoin?

There are many digital currencies in the Internet world, but Bitcoin is more popular than others for a variety of reasons. Perhaps the most important reason is that it has the ability to quickly and easily convert into common currencies such as the dollar and the euro. You can also easily exchange your bitcoins for cash at any time.

Digital currencies, on the other hand, need an interface site to become cash. Bitcoin transactions are relatively secure, and due to the use of encrypted protocols, the theft of personal information in the Chinese blockchain is very low. Another reason is that people around the world are more familiar with Bitcoin as the first digital currency, and many large sites work with Bitcoin among all other cryptocurrencies; There are no restrictions on bitcoin transfers from one country to another.

Some currency tokens are operated under the supervision of various companies, but Bitcoin is not controlled by any particular person or group and operates in a decentralized and independent manner.

Bitcoin is a new currency or a miraculous way to earn money?

In fact, the main purpose of making Bitcoin was to remove the barriers to financial transfers. In addition to this main task, some people turned to bitcoin to invest and earn money. The important thing is that if you want to convert all your capital into bitcoin and look at it as an investment in the long run, you have not done a wise thing.

It is true that many people have made huge profits by buying and selling bitcoins, but the number of people who have lost all their capital due to the sharp fluctuations of this digital currency is high. Therefore, it is better not to invest all your capital in this market. In general, the idea that you can become a billionaire by entering the Bitcoin business is not true at all.

Getting bitcoins requires tremendous effort, high patience and the power of risk-taking. But there is still no guarantee of making a rich profit this way.

The best ways to make money from bitcoin

If, despite all these difficulties with Bitcoin, you still want to enter this business, follow the rest of the article to get acquainted with the methods of making money through Bitcoin.

1- Drop or faucet method, pay per click and small businesses (click to get bitcoins!)

This method is one of the best ways to earn money from Bitcoin, but it requires a lot of patience and effort. The income from this method, like its name, is very small and is done in drops. Faucet websites act to pay very little bitcoin for your activities at certain intervals.

Activity on these websites is by claiming or resolving the captcha code. In your internet browsing, you must have come across websites that ask you to click on the “I am not a robot” option to get a free download or upload code, or go to another page and have to see and reject that page. This is exactly the method used by faucet websites. If you can introduce people to your faucet websites as a subset of them, you will get a small amount of bitcoin every time you click on them.

This method has a high risk if you do not follow all aspects of caution. You may be caught by scammers or scams. Internet scammers design websites that, just like faucet website operations, ask you to click on options or see the next page or participate in the website lottery; But after doing these activities, not only will you not get bitcoins, but they may also make a big financial loss by gaining access to your personal information. Bitcoin deposit is also possible in this way in two ways.

1- The first method is to deposit Bitcoin directly into your wallet.
2- The second method is to first transfer the bitcoin to the intermediary’s personal account, and after the bitcoin amount reaches the set minimum, you can request to deposit bitcoins in your wallet. This method requires a lot of effort and in return, low income will go into your pocket.
Effort rate: high
Income: Low
Risk: High

But there is another way about faucet websites that can be more profitable for you. If you spend a little time launching your faucet website, you can earn more bitcoins through ads and earn up to $ 1,000 a month. This requires more effort because you need to be familiar with all this website management tricks.

In this method, because the website belongs to you, the possibility of getting caught by internet scammers is lower and therefore has a lower risk than the above method, but you should always beware of user fraud.

Effort rate: high
Income: Medium
Risk: Low

The following websites are the most popular websites for earning free bitcoins through the claim option:

www.satoshihero.com
www.Freebitcoin.in
www.MoonBitcoin.in
www.MoonDash.co.in
www.Bonusbitcoin.co

2- Creating a signature campaign in the Bitcoin Talk community

In this way, you first become a member of the large Bitcoin community, which has compiled a complete set of signature campaigns. Then, with your own signature, you can work in each of these campaigns and advertise with your own signature for different products. For every post you create to promote a product, you get a bitcoin.

If you publish at least 120 promotional posts, you will become a full member of the association and earn a better income. Depending on the experience of the people involved in these campaigns and the amount of characters and the type of content you provide, at best you will earn $ 5 per hour of activity. In this way, almost no risk threatens you and your capital.

Effort rate: Medium
Income: Low
Risk: Low

3- Trader / earning money from trading Bitcoin

If you are in the stock market, you are definitely familiar with the term volatility. Trading is exactly the fluctuation of the stock market. In other words, the brokerage! In this method, you wait for an opportunity for the price of bitcoin to fall, then buy some bitcoins, and after a while the prices rise, you sell your bitcoins, and through this, a lot of profit enters your wallet.

Although the income of this method is high, it requires effort and a lot of time to learn the methods of technical analysis of prices and markets, and you also face a high risk.

Effort rate: high
Income: High
Risk: High

4- Promoting and advertising marketing links to earn money from Bitcoin

In this way, you act like a marketer, but instead of looking for a customer to sell your product in the city and shops, you work on the Internet and behind your desk. To do this, all you have to do is go to an exchange and select the product to advertise and get your own link from the exchange. Then you share the ad link in various spaces such as personal website, Instagram, Facebook or any other virtual place.

For every purchase or registration made through your link, some bitcoins will be credited to your wallet. The amount of effort you have to put into this method is moderate to high. Because you have to spend a lot of time on different sites and programs to share your advertising link. The income from this method is also average and of course it has a very low risk and you can be sure that you will not lose your previous capital.

Effort rate: high
Income: Medium
Risk: Low

5- Blogging in the field of bitcoin and digital currencies

People are becoming more and more familiar with Bitcoin, and the need for various websites that work in this field to put up-to-date and reputable content is increasing. If you are familiar with the basics of writing and have a good knowledge of bitcoin and are interested in this field, you can earn money from bitcoin by writing professional articles for these websites.

To get such job opportunities, you can visit the websites that are active in the field of currency and if they are interested in collaborating, send them a sample of your articles. If your pen is attractive and your resume information is rich, be sure to get in touch. The income from this method can be average depending on the effort you make. Of course, considering that there is almost no risk to you other than not paying your wages, it is a cost-effective activity.

Effort rate: Medium
Income: Medium
Risk: Low

6- Selling related products and services

Another way to monetize bitcoin is to sell the products and services you want. If you have a store website, you can make it possible for buyers to deposit bitcoins into your account instead of rials. Many large websites around the world, such as Amazon, use this method in addition to the usual methods to get the price of their goods.

If you become a member of the Bitcoin Talk community, you will encounter a large number of different service orders through the service topic, in exchange for which you will receive a bitcoin. Services such as marketing to sell different products or creating a website. The income you earn from this method depends entirely on the amount of effort you put into it.

Effort rate: Medium
Income: Medium
Risk: Different

7- Bitcoin mining

Bitcoin mining is another way to monetize bitcoin. If you can afford a miner, you can mine your bitcoins, but given the high cost of mining, it may not be very cost-effective. The Bitcoin miner device costs about $ 3,000, and the cost of electricity spent on the device is estimated at about $ 5,000 for a bitcoin, which may not seem like a wise thing to do.

In the meantime, it may take several years to mine a bitcoin. Another point is that many countries oppose this action by citizens.

Effort rate: low to medium
Income: Medium
Risk: High

8. Lending (borrow bitcoins)

This method has recently become one of the most popular ways to earn money from Bitcoin, but it requires a high degree of risk tolerance. The way it works is that you lend some of your bitcoins to those who need bitcoins through the bitcoin loan platform. The interest on these loans is very high and as a result it can give you a good income; But on the other hand, because there is no guarantee of the borrower’s obligation to repay the money, you may lose any of it. So given its high risk, there is no way to make a wise investment in bitcoin.

Effort rate: low
Income: High
Risk: Too much

9- Hype method

This method is very risky for losing your money. Websites that offer you bitcoins that get you high payouts. Occasionally there may be benefits to some older users for appearing to reassure other users. Then, once a few months have passed, they become inaccessible and take away all your capital and that of other users. There is almost no reputable website that is transparent in this regard.

Effort rate: low
Income: Low
Risk: Too much

10. Catch bitcoins and airdrops

Forks are a subset of Bitcoin that entered the market in August 2017 and users were informed that anyone who had Bitcoin before this date can also have a fork. The most well-known forks are Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond. The method of making money from forks is the same as bitcoin, but if you do not have enough information about bitcoin, it is better not to go to forks, and of course, do not be fooled by companies that offer you forks for a bitcoin amount.

Airdrops have the same function as forks, except that they are given to users for free and in public. For each bitcoin, a certain amount of AirDrop is given to each user.

Effort rate: different
Income: Different
Risk: High

11- Make money from bitcoin by seeing ads

In this method, which is by no means a safe method and 99% of cases end in fraud, websites ask you to see their ads and pay you bitcoins in return; But this is only to increase the traffic to their website and you will not get bitcoins. So it is better not to waste your time for this method.

Effort rate: low
Income: Almost zero
Risk: High

12- Making money through binary options

Binary options are a form of bitcoin betting. In this way, you predict a decrease or increase in the price of bitcoin at a specific time. If the prediction is correct, you will be given some bitcoin as a profit, and if the prediction is incorrect, your capital will be lost.

Binary options are extremely risky, and just as you can make a good profit with a good prediction, you can lose a lot of money if you make a wrong prediction. Experience has shown that trading platforms are always a few steps ahead of users, and no matter how many predictions one may make.

Effort rate: low
Income: Variable
Risk: Too much

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