Bitcoin started to invade the digital market, though this currency is still at its infancy stage. Everyday Bitcoin is getting popular and introduced by some websites and people.
And to tell you, based from my personal experience, looking back year 2009 is the year in which I first hear the word Bitcoin or BTC. The first idea injected in my mind was that this one is all about mining with the use of computers. And it took me almost eight years for me to start understand about BTC or Bitcoin.
This new currency continues to grow, and this has been introduced in the internet world as the new mean of payment.
Earning online, this is one of the reason why people stay connected. BTC on the other hand is not left behind.
You can also earn BTC like what you do with your other money accounts.
As the rise of Bitcoin grows, we decided to create this post that we think might useful for those who have plans to earn some Bitcoin.
1. Earn BTC by using it as Payment
The fastest way to earn BTC is by using it as Payment tool. If you have business, whether it is online or offline, integrate your BTC as means of payment from your clients.
No matter what business you have, big or small you can use it as your means of payment. Your client can sign up and fund their BTC wallet and pay you.
Not just business, you can also use it on your personal payment. Anyone can create their wallet on Bitcoin. There’s not much needed information just for you to have one, so this one should not be the problem.
2. Earn BTC by doing Task Online
Many people have been doing this way of earning extra. There are many sites that offer free BTC for those who can complete certain task.
Most sites with this system requires BTC owner to do something like visiting a site and stays for a certain seconds, watch video, answer survey, etc. then they will give you small BTCs (most sites has threshold before they can send the earning to your wallet).
Though this concept is legitimate, in order for you to earn huge amount, this requires methods, since if you focus on single site and spend your precious time, the return investment of the time spent is very minimal. So when you do certain task like watching videos, it cost your time and get little.
But there are ways to get more BTC by doing it, just look the right keyword for you to search, I know there are plenty of it posted in some sites.
3. Earn BTC on payment interest
If you have BTC funds on your wallet, let it work for you. You can earn BTC thru interest in payment by lending it out.
You can earn BTC by lending it directly to someone you trust online. No need to explain more about it but take note, “you should know the person whom you are dealing with your BTC funds”.
The only thing needed for this is both party should agree a certain contract, the interest rate and the duration.
BTC peer to peer lending can also be maximized if you have funds, this is a system in which a borrowers publish a funding request so anyone that has funds can do some funding to them as loan. The borrower then gets the loan money and pays it on the schedule payment date with the interest stated on the funding request (this one is risky so be vigilant in doing it, do it only to the person who you have built trust).
4. Bitcoin banking
Another way to earn BTC on interest is Bitcoin banking, this system works simple and fast. You deposit your BTC funds on a site and the bank pays you with a fixed interest rate.
This type of system has pros and cons. The good thing is that, this is only for one system, no need to diversify your funds to other borrowers. You place your BTC and that’s it, you earn steady income thru interest.
However, have extra careful in doing this, most people fail to get their funds when doing this. So increase your success rate, study the company’s market and lending activity on its borrowers and if they are not doing well in managing their BTC’s everything can be lost.
Lending your BTC is somewhat a good way to earn Bitcoins from what you have. But please be reminded to “only lend your BTC to sites that you personally trust”.
We will keep reminding you that so you won’t miss it out, don’t get fooled with the attractive rate it offers, the higher the rate the higher the risk.
5. Earn BTC thru mining
BTC mining is a process in which Bitcoins are generated. This is done with the use of a special mining system, so when your device perform mining the computer then adds new BTC transaction to your wallet.
Mining is done thru searching a block. This is a file in which recent Bitcoin is recorded and when your system aka computer solves it, you will receive number of bits. For the record, a single block has 25 BTC and this can change from time to time and gets smaller 0.5 percent every 4 years.
Mining Bitcoin is not that cheap as you think, you need to invest on a system with intense hardware, meaning expensive process. Most small time miners join on a group of mining called “mining pool”. Individual mining provide additional computing power to the pool in order to earn Bitcoins without building large mining farms. Mining Bitcion is fun. You will meet different people online and get more knowledge on Bitcoin.
Just a reminder, “mining Bitcoin is time consuming process and costly”.
6. Earn BTC via tip
Anyone can earn cash from tip, and in Bitcoin you can also do it, this usually happen when you use Bitcoin as mode of payment. You can do this easily by setting up your QR-code with your BTC address and place it on your store, website or blog so you can easily receive the tip.
If you have shop operating online, you can start receiving tips from bits, this is voluntary and you don’t actually expect people to do this.
Tip is not just on your store, it can also be on your blog, you display your QR-code and if readers are happy with your contents and sees it as a solution to their problem, who knows they might give you a tip.
Tip is given to you as a thank you token, you are given because of something remarkable that they found on your site or you did something that have help them. Remember, never expect a tip, they will come along the way.
7. Earn BTC through trading
Some people say that “trading is gambling,” though it has something in common, it has also its differences. When we say gambling in a fair game, you have a 50-50 chance of losing and winning. But when you trade assets, things are getting more complex, we don’t want to go into detail. We just want to say that you can earn BTC thru trading.
Bitcoin has lots of opportunities to offer, but doing it is not that simple as you think. You should have the right information in order to find those opportunities. Trading with your BTC has speculation, if you found opportunity you can buy Bitcoins and hold it until price reaches to selling radar and of course if price goes down you buy more and do it repeatedly.
8. Earn BTC as regular income
Receiving your monthly earnings from BTC is the most amazing experience. There are only few organizations that pays Bitcoin but you will get one at least or if you got lucky more than just one. This can happen as acceptance of this new currency increases.
You can earn BTC as your regular income. You can work from your own comfort and get paid. There are sites that offer job based task based from your skill and get paid.
In the past, people used the traditional payment processors online as means of payment on their services done. But now as business owner’s sees potential with Bitcoins, some of them are introducing it as tool in paying its members for services done.
9. Earn BTC via Gambling
To be frank, I don’t like gambling. But we can’t deny the fact that this is one of the ways for you to earn Bitcoin, so for us to complete the list, we have to share this one to you. However, let me remind you to stay away from this type of system. You can research information on it, Google is your friend.
I don’t need to explain more about gambling, the word itself will explain whether you want to try it or you will not do it like what we did.