Bitcoin Profit Software Review – Earn from Bitcoin and Cryptocurrencies

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Contents

Best Ways to Earn Cryptocurrency: How to Make Bitcoin

The top 29 ways to earn bitcoin online guide features the best tips to start making crypto profits in 2020.

How to Earn Cryptocurrency: 29 Best Ways to Make Bitcoin

So you want to earn bitcoin? Fortunately for you, there are plenty of ways to earn cryptocurrencies on the Internet today. However, unfortunately, as the Roosevelt quote goes, “nothing worth having comes easy”.

This is a meaningful guide to outline because many are very prone to thinking the only way to get bitcoin is buying it, when it fact you can actually earn it through a variety of the methods reviewed below.

For example, there are ways to earn cryptocurrency for free, like taking advantage of airdrops, faucets or answering questions and completing tasks – or the most popular way is to trade time for money and earn bitcoin in exchange for performing a number different services in the modern-day freelance gig-economy.

It’s time to highlight all of the best ways to earn crypto fast and get paid in bitcoin online right now. Before we jump into the 0’s and 1’s of learning how to acquire more bitcoin, let’s quickly help all interested individuals go down the rabbit hole of generating crypto payments and making bitcoin by ‘doing work’.

Earning Bitcoin vs Buying Fiat: Stacking Satoshis

A direct question to start might rattle the cage, but do you ‘buy fiat’ money? No, likely you earn or trade it.

The number one way people associate getting bitcoin is to buy it, when it could be to earn BTC instead.

Now, let’s go down the rabbit hole briefly before expanding on the ability to earn bitcoin and generate cryptocurrency profits. No matter whether short or long term goals, it is important for beginner’s to stop thinking only in terms of whole bitcoin pricing (hovering around/above five figures in USD exchange rate value). This price point puts a lot of people ‘out’ due thinking they must buy 1 BTC outright (or even micro-buying) vs micro-earning. This impactful understanding can be profound for your success and results.

The same way anyone earns fiat (USD) at a job for a weekly paycheck, is the same way we should be thinking about how to get your hands on the world’s most valued cryptocurrency too. With a subtle twist of thought, the question flipped around analyzing ‘earning fiat versus buying fiat’ helps show there is more than one option when it comes to getting bitcoin. No one can purchase nor print fiat monies, it must be earned via payments, sales or transactions. By applying the same principle into buying BTC vs earning bitcoin, the shift is worth making for all those who see the potential in bitcoin being the future of finance (#hodling).

It is extremely vital and even optimal to break bitcoin down into its most basic unit of account, the Satoshi.

Simply put, those eager to earn bitcoin should grasp the basic building block of bitcoin, a Satoshi.

This is what actually gets paid out should you go make bitcoin online using any of the methods below.

Thus, in reality: buying cryptos + earning bitcoin, aka securing the Satoshis, is the best move to make.

Yes, the whole guide is on 29 best ways to make money in bitcoin and earn a quick satoshi-buck, but first…

Here is a chart that says a Satoshi is equal to 0.00000001 bitcoin, and there are 100 million satoshis per bitcoin, of which in BTC’s entire history there will only ever be 2 Quadrillion, 100 Trillion Satoshis.

Many buyers are only fixated on the price of bitcoin (rightfully so?) measured in USD (or the BTC/USD exchange rate value), but the truth is it’s very advantageous to start calculating bitcoin in terms of satoshi’s, or the elemental unit of account in the BTC blockchain. Once the digital scarcity kicks in, realizing there are only 21 quantrillions Satoshis (two quadrillion one hundred trillion Satoshis) ever created in Bitcoin’s network, the time to stack satoshis is now when the outcome of them increasing in value is a real possibility (especially before the 2020 bitcoin halving).

At the same time, it is worth noting nothing is guaranteed to pan out in Bitcoin’s favor as volatility and uncertainty are inherent risks. But on the same token, like the notorious Satoshi Nakamoto once said:

“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy”

Satoshi Nakamoto, Creator(s) of Bitcoin

The point of this behind-the-curtain viewpoint of ‘stacking satoshis’ aka earning AND buying bitcoin, is to help raise awareness and educate users on why it is important to start securing satoshis today. There is much more ‘rabbit-hole territory’ to uncover on this forefront like the millibitcoin or microbitcoin, but knowing the most core unit is a smart stepping stone savvy users will grasp ahead of earning cryptos.

Now lets jump into the fundamentals of making bitcoin free and fast, and after the 29 methods listed we will talk about the downsides of earning cryptocurrencies, tax implications and a video to close.

How to Earn Bitcoin for Free

From the rabbit-hole to stating the obvious, in order to start earning bitcoin you must generate a wallet address to receive it by opening up a bitcoin wallet. Start with a free wallet or cold-storage option like Trezor.

With so many options available to acquire more bitcoins, the most direct way is to simply buy bitcoin at an exchange, OTC/P2P broker or local ATM. Aside from purchasing bitcoin outright at today’s USD exchange rate, next in line in regards to popularity would be to mine it although the technical skills are required (unless opt for a cloud mining service provider). But the more creative ways is the third route, the primary focus of this how to get paid in bitcoin guide, and that is to simply work for crypto.

This list does not rank the following money-making bitcoin-based opportunities, as each carries their own risk/reward profile. It is more of an entire catalogue of the current-state full-spectrum proven methods of micro-earning bitcoin via doing micro-tasks to building a brand.

While the goal is to not burst anyone’s cryptocurrency bubble about believing that obtaining ‘free’ bitcoin is easy, there are still ways to earn crypto coins online for free in 2020. Here are the most-known ways to generate bitcoin earnings by exchanging ‘free’ time for crypto ‘money’:

Obviously, these methods range from easy to stupid. It’s easy to add a signature to your profile on a bitcoin forum and claim a bounty, for example. It’s harder to make money through a pyramid scheme or high yield investment plan (HYIP) because these systems are designed to fail from the start.

We’ll discuss each of these methods in detail below and explain exactly how you can start earning bitcoin today.

Airdrops

  • Effort: Low
  • Income: Low
  • Risk: Low

Airdrops are some of the best ways to earn real crypto online today. A growing number of companies simply give away crypto for free. Sometimes, companies distribute tokens to everybody with more than $100 in an Ethereum wallet, for example.

In other cases, companies distribute tokens to anyone who signs up.

Picture it like this: companies have generated millions of tokens and want their platform to succeed. They distribute tokens to people for free because they want people to use the platform.

There are hundreds of airdrops available in the crypto community every month. The vast majority of these companies will fail. A small number, however, will succeed. It’s all free money, and you can feasibly earn a decent amount by taking advantage of airdrops.

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Check BitcoinTalk.org, Reddit, and other sites for the latest airdrop announcements and giveaways.

Earning Potential: Zero to $100

Crypto Freelance Marketplaces

  • Effort: Medium to High
  • Income: Medium to High
  • Risk: Low
  • Earning Potential: Unlimited

Want to perform small jobs in exchange for bitcoin? Want to freelance your way to 1 full BTC? You can certainly do that online. In fact, there are multiple websites offering great freelance opportunities for crypto users, including:

All of these places work in a similar way. You perform jobs in exchange for bitcoin. Some of the jobs are small. On Earn.com, for example, you can answer emails to earn bitcoin. On Reddit’s Jobs4Bitcoin, you market your services in exchange for bitcoin.

The earning potential for all of these websites is virtually unlimited. The more you work, the more bitcoin you earn.

Learn and Earn Crypto on Coinbase Earn

  • Effort: Medium
  • Income: Low
  • Risk: Low
  • Earning Potential: $20 to $200

Coinbase recently launched a unique online training program where you can learn about crypto and get paid.

Visit Coinbase.com/earn to get started. You can take a course on Dai, EOS, and other major cryptocurrencies. At the end of the session, you take a test. If you complete the test, you get paid.

Coinbase isn’t giving away pennies, either: they’re currently paying $20 for the DAI course, $50 for the EOS course, and $50 for the XLM course, among other rewards.

The courses are quick, easy, and engaging. You watch videos, complete a single quiz testing you on what you learned, then receive crypto in your Coinbase wallet. It’s legitimately free money available online today.

Micro-Earnings, Pay to Clicks, and Small Service Jobs

  • Effort: High
  • Income: Low
  • Risk: Low

These are cheap, easy, low-risk ways to make bitcoin online. The only catch? It’s boring and time-consuming, and you’re not going to make much money. However, it’s still very possible to make bitcoin by performing small “micro-tasks” online.

You can find pay to click (PTC) websites, for example. Typically, these sites require you to visit, click an advertisement or button, then receive a few pennies in exchange. The website makes money through ad sales and you get a small cut.

Other websites might require you to complete surveys or perform other small tasks in exchange for a small amount of money.

Now here’s the bad news: you’re not going to make much money with any of these methods. It’s very possible to make just $0.25 per hour, which is hardly going to pay for your computer’s electricity and internet usage. However, it’s technically possible to make bitcoin online through these methods.

Earning Potential: $0.05 to $2 per hour

Faucets

  • Effort: Low to Medium
  • Income: Low to Medium
  • Risk: Low

Bitcoin faucets were once popular in the early days of bitcoin. They distributed dozens of bitcoins every 30 minutes to anyone who visited a website (seriously).

Today, bitcoin faucets no longer exist due to the high value of bitcoin, but you can still find faucets for smaller, less-valuable cryptocurrencies.

Faucets work in a simple way: you visit the website. The website distributes a certain amount of crypto for every certain period of time.

You’re not going to make much money from a crypto faucet today. However, we recommend working smarter – not harder. Make your own bitcoin faucet. Create a website filled with advertisements. Push traffic to the site and give visitors a few pennies from the bitcoin faucet for every visit. You generate advertising income, your website visitors get paid, and you’re making bitcoin online with minimal effort.

Earning Potential: $1 per hour to $1,000 per month

Signature Campaigns and Bounties

  • Effort: Low to Medium
  • Income: Low
  • Risk: Low
  • Earning Potential: $0.01 to $500

Signature campaigns and bounties were more common during the ICO heyday in 2020. Today, they’re less common but still available.

Essentially, new crypto companies will pay you to advertise online. If you have a BitcoinTalk.org forum account, for example, then you can add a company’s name or image to your signature in exchange for a small amount of crypto.

Other bounties are also available for finding bugs in a startup’s code, translating company info into different languages, and performing other valuable tasks. You might receive coins that are only worth a few pennies today, but if the crypto startup is successful, those coins could be worth a significant amount in the future.

Trade Crypto

  • Effort: Medium to High
  • Income: Low to High
  • Risk: High
  • Earning Potential: Unlimited

Of course, one of the most obvious ways to earn crypto online is to trade for it. You can trade fiat currencies (like the USD or EUR) in exchange for bitcoin at any major exchange.

Some people day trade their way to crypto fortunes. Others invest long-term.

Alternatively, you can trade goods or services for crypto. A growing number of online retailers now accept crypto in exchange for products.

Accepting crypto for goods and services is risky. You probably have bills you need to pay in fiat currency. When you accept crypto, you acknowledge that prices can fluctuate wildly. Whether you’re trading crypto or selling goods and services for crypto, it’s a high-risk game where you need to know what you’re doing.

If you’re able to buy low and sell high consistently, however, then you will inevitably make money through crypto trading.

Bitcoin Affiliate Programs

  • Effort: Low
  • Income: Low to Medium
  • Risk: Low
  • Earning Potential: $5 to $1,000

Many exchanges offer affiliate programs. You share a link with your friends. Then, you get paid whenever someone signs up through that link and makes a trade.

On some crypto exchanges, you can earn hundreds – even thousands – of dollars per month through affiliate commissions alone. If you refer enough people to the exchange, and those people make multiple large trades per month, then you can earn a substantial side income.

Even if your link is just used by a handful of small traders, you’re still earning money online. Some exchanges payout in fiat currencies, while others payout in crypto.

You can earn affiliate income from more than just crypto exchanges. Online retailers offer affiliate programs, for example, that may pay out in bitcoin.

Gambling

  • Effort: Low
  • Income: Low to High
  • Risk: High
  • Earning Potential: Zero to Unlimited

You can always gamble to earn bitcoin online. It’s possible that you’ll double your bitcoin holdings. It’s also possible you’ll end up with nothing. That’s the fun of gambling!

Find a provably-fair bitcoin casino online, then make a deposit. Most bitcoin casinos have a small house edge (51%) to make money, which is a better edge than you’ll find at any ordinary casino. The gambling algorithms are also provably fair, which means anyone can check to verify the algorithms work as advertised.

Some bitcoin casino games are ridiculously basic. You bet on whether the algorithm will produce a number from 0-100 that’s over or under your chosen number. Betting 50 gives you a roughly 50% chance of being over or under while betting 80 or 90 comes with higher risk and higher rewards.

Write About Bitcoin

  • Effort: Medium to High
  • Income: Medium
  • Risk: Low
  • Earning Potential: $5 to $60 Per Hour

There are dozens of major cryptocurrency blogs and news websites on the internet. If you know bitcoin and can write well, then you can certainly earn money by writing about bitcoin online.

In fact, some crypto startups are now hiring good bitcoin writers. They need competent individuals to write bitcoin blog posts, bitcoin-related social media posts, bitcoin-related press releases, and other bitcoin content.

With some of these jobs, you’ll be paid in USD. Many websites, however, now let you choose to get paid in cryptocurrency.

  • Effort: Medium to High
  • Income: Low to High
  • Risk: Medium
  • Earning Potential: $0 to Unlimited

If you provide a useful service to members of the crypto community, then you might get paid in crypto. Selling goods and services to crypto users is a great way to earn crypto online.

Some of the potential opportunities include:

  • Building and selling crypto software
  • Offering marketing services to crypto companies
  • Acting as an escrow agent for bitcoin transactions

Think of what types of goods and services are needed by bitcoin users, then offer that good or service.

Mine Bitcoin

  • Effort: High
  • Income: Low to Medium
  • Risk: High
  • Earning Potential: $0 to Unlimited

In the old days, anyone with a decent gaming GPU could earn money by mining bitcoin and other cryptocurrencies.

Today, things have changed, and it’s no longer feasible for hobby miners to earn income mining bitcoin. It has even become difficult to profitably mine lesser-value cryptocurrencies.

If you want to make money mining bitcoin and other cryptocurrencies, then you’ll need to build a mining farm. You’ll need multiple high-end miners. You’ll need a cheap electricity source (ideally, less than $0.05 per kWh). If you have all of these things, then you might turn a profit – or, you might go bankrupt and be forced to sell all your mining equipment.

Ultimately, mining is a high-risk, low-reward game best-suited for big players. However, if you have access to cheap electricity and can buy mining rigs cheaply at bulk rates, then the economies of scale could work in your favor to generate profit through mining.

Bitcoin Lending

  • Effort: Medium
  • Income: Low to High
  • Risk: High
  • Earning Potential: 15% Per Year

Some people make money by lending bitcoin. You can lend bitcoin to friends or family, for example, and charge interest.

However, it’s now easier than ever to make money by lending bitcoin online. You can participate in P2P lending markets online, for example. Some exchanges even allow you to lend money to help other traders leverage their trades.

Of course, lending comes with its own share of risk. Low-risk lending opportunities come with low-interest rates, while high-risk lending opportunities come with high-interest rates and high rates of failure.

Be wary when lending money online. If you plan to make money by lending, then you need to make sure you have good collateral. Otherwise, the borrower has little incentive to pay you back.

HYIPs, Pyramid Schemes, and Coin Doublers

  • Effort: Low
  • Income: Low
  • Risk: High
  • Earning Potential: Zero to Unlimited

High yield investment programs (HYIPs), pyramid schemes, and coin doublers can all be found online. They were particularly popular during the crypto boom of 2020, but they’re still around today.

All of these systems have a similar promise: they promise to make you rich quickly. All you need to do is deposit money, then hope for the best.

Like all pyramid schemes, HYIPs and coin doublers are doomed to fail. The purpose isn’t to make money long-term: the purpose is to make money from the last people to join the scheme.

Inevitably, the scheme will fail, the bottom ranks of the pyramid will lose money, and the higher ranks of the pyramid will earn a profit. If you’re at the top, you did great. If you’re like 95% of the pyramid, you lost money.

Bitcoin Forks and Other Crypto Forks

  • Effort: Low
  • Income: Low to Medium
  • Risk: High
  • Earning Potential: Varies on new coin success

When members of a crypto community cannot agree on rule changes, the cryptocurrency might fork into two different versions.

We saw forks happen with Ethereum (with ETH and ETC), bitcoin (with BTC and BCH), and with Bitcoin Cash (BCHABC and BCHSV).

How does this get you free crypto? Well, when the fork occurs, you technically own both versions of the cryptocurrency. If you held 10 bitcoin in July 2020, then you would have owned 10 BCH and 10 BTC after August 1, 2020 fork. You can’t spend both coins simultaneously, but you technically created crypto out of thin air.

Crypto forks can also be a great opportunity for other reasons. When BCH launched on August 1, the price fluctuated wildly, jumping from $100 at launch to nearly $1,000 in the first few hours. You could have bought and sold the forked version for enormous profit during this period.

Trading Bots

  • Effort: Low
  • Income: Low to Medium
  • Risk: High
  • Earning Potential: 0% to 100%

For every legitimate trading bot available today, there are 99 scam trading bots. You can find plenty of sleazy trading bots that promise easy money and guaranteed daily profits. None of them work as advertised. We reviewed bitcoin trading bots but even those referenced are not sure-bets on promise or potential.

Some trading bots, however, generally do work as advertised. They use algorithms to make trades based on current market activity.

Good trading bot developers have created bots based on historic crypto trading data. These bots read market conditions to determine when to buy or sell. You authorize bots to make trades on your behalf.

With a good trading bot, you can easily make money with limited personal involvement. Just give the bot $1,000 and watch it go to work. There’s a chance you end up with nothing. There’s also a chance you’ll consistently grow your money over time.

Binary Options Trading

  • Effort: Medium
  • Income: Low to High
  • Risk: High
  • Earning Potential: Zero to Unlimited

Binary options trading has earned a bad reputation over the years – and for good reason. There are plenty of scammy binary options trading platforms available today.

They’re called ‘binary’ options because there are only two options: you can win or lose. For a binary options bitcoin trade, you might buy an option for something like, “Will the price of bitcoin be above $5,640 in the next five minutes?” If you answer that question right, you win.

Just like with trading bots, binary options trading platforms are mostly scams. The industry is so notorious for scams that Canada banned short-term binary options trading entirely.

Overall, binary options trading is more like gambling than investing. If you’re looking for a high-risk way to make crypto and bitcoin, however, then binary options are certainly one possible method.

Futures Trading

  • Effort: Medium to High
  • Income: Low to High
  • Risk: High
  • Earning Potential: Unlimited

The first regulated bitcoin futures trading marketplace launched in December 2020. The price of bitcoin surged to its all-time high of $20,000 shortly thereafter.

Today, bitcoin futures trading is still an option for all types of investors. You take a long or short position on a futures contract. The party in the long position agrees to buy the underlying asset in the future at a specific price, while the party in the short position agrees to sell at a specific price.

If you can consistently predict the price of bitcoin (good luck), you can make money through bitcoin futures trading. Many traders also appreciate that bitcoin futures trading is available on markets regulated by the CFTC, giving them an extra layer of legitimacy. Learn about Bakkt for more on bitcoin futures trading.

Ask for Donations or Get Creative with your QR Code

  • Effort: Low
  • Income: Low
  • Risk: Low
  • Earning Potential: Low

Every so often, one creative person strikes it lucky. They print their bitcoin wallet’s QR code on a sign and get featured at a public rally or sports game. Someone sees your QR code, decides to send you a few bucks, and the donations start pouring in.

Asking for donations can be an effective way to earn bitcoin online. Some websites ask for donations, for example, instead of displaying advertisements.

Other websites or service providers ask for a tip. If the info on the page was good, for example, then you can tip a few pennies. It doesn’t sound like a lot – until millions of people visit your page.

Whether you’re starting a crowdfunding campaign or making a silly QR code sign for college football season, there are certainly ways to make bitcoin online by asking for donations or displaying your QR code.

Crypto Interest-Earning Savings Accounts

  • Effort: Low
  • Income: Low
  • Risk: Medium
  • Earning Potential: 1% to 6%

We’ve reached a point where we now have crypto savings accounts that can earn interest. They work similarly to fiat currency savings accounts: you deposit money, then earn interest on your account over time.

Typically, these accounts are offered by wallet service providers. You lock your funds into the account, then earn anywhere from 1% to 5% per year. Interest can even be compounded, maximizing your returns even further.

BlockFi is one of the most reputable providers in this space, offering interest rates as high as 86% per year for BTC and ETH savings accounts. (Join Here.)

At this point, these savings accounts are risky, and there are few guarantees your money is 100% safe. Of course, critics will argue that the same can be said for banks (of course, your bank account is protected by FDIC insurance).

Get Cashback with Affiliated Retailers

  • Effort: Low
  • Income: Low
  • Risk: Low
  • Earning Potential: 0.5% to 9% Per Purchase

Some retailers and shopping services now give cashback in crypto. Rakuten (formerly known as Ebates), for example, is a popular Google Chrome extension that offers cashback for customers when they purchase from thousands of websites. The extension works for Groupon, Best Buy, Nike, and other major retailers.

A similar service called Lolli is available for crypto users. Lolli lets you make purchases on major retail websites like CVS, Macy’s, or Sephora, then get cashback in bitcoin. Some stores give cashback incentives as high as 9% when paying in bitcoin. Others give you a flat reward in bitcoin.

Pei is another similar platform, letting you unlock cashback in BTC, USD, or gift cards. Every time you shop at Pei merchants, you get cashback directly in your Pei account. Partner retailers include Chipotle, 7-Eleven, and Target, among others.

By taking advantage of these cashback services, you can earn bitcoin just for shopping at your ordinary retailers online.

Play Games to Earn Bitcoin

  • Effort: Low
  • Income: Low
  • Risk: Low

Playing games is arguably the most fun way to earn bitcoin. Yes, you can legitimately play games online and get paid in bitcoin.

Some of these games work in a similar way to faucets, providing a trickle of money to anyone playing the game. These games were more common (and better paying) during the early days of bitcoin, although you can still find certain faucet-style games today (particularly in the digital casino world). Many of these games will pay you a trickle of money as long as you continue to gamble.

Other games let you earn crypto without any type of faucet system. You farm for rare loot or collectibles, for example, then sell it on the marketplace for crypto. Certain collectible ERC-721 tokens, for example, can be extremely valuable.

Other games work like traditional MMORPGs, where you earn digital currency by completing various in-game tasks. That in-game currency has real value on various marketplaces.

Some of the most popular crypto-earning games include Huntercoin (where you earn Huntercoin or HUC tokens for killing monsters), Steem Monsters (a collectible card game with tournament winnings paid in Steem), and Storm Play (a microtask platform where you get paid in Storm).

Playing games to earn crypto is fun, but don’t expect to make much profit. Also, FYI, do not get confused with how to earn CryptoKeys dealing with Call of Duty Black Ops 3.

Start a Crypto YouTube Channel or Podcast

  • Effort: Medium to High
  • Income: Unlimited
  • Risk: Low

Creating crypto media – like a YouTube channel or podcast – is one of the best ways to earn crypto online. If you can build a dedicated following of people, then you can earn some serious crypto income.

YouTube doesn’t let content creators get paid in crypto. However, there are thousands of YouTube channels dedicated to discussing various aspects of the crypto world. Many of these channels earn advertising revenue from YouTube, but they also earn crypto income in other ways, including:

Referrals: Crypto YouTubers may refer you to exchanges using a referral code. The YouTuber gets paid every time someone deposits money into the exchange through their referral code.

Affiliate Sales: You have thousands of followers interested in cryptocurrency. Send your followers an affiliate link for a crypto wallet, an eBook, an Amazon product, or anything else they might be interested in. Merchants will pay you a cut of each sale ranging from 5% to 50%.

QR Code Donations: The crypto community can be generous, especially if you have a reputation for frequently giving out useful information via your YouTube channel or podcast. Display your QR code or share your public wallet address with your community. Donations may pour in.

Advertising Income: YouTube displays its own advertisements, then pays content creators based on the number of views. However, crypto companies might also approach you and ask to be featured on your channel or podcast. You may be able to negotiate advertising slots for crypto.

As your crypto media empire takes off, the opportunities for earning crypto will skyrocket. During the height of the crypto boom, some YouTubers were making 6-figures per month in advertising revenue.

Build a Website and Sell Advertising Space

  • Effort: Medium to High
  • Income: Unlimited
  • Risk: Low

Build a crypto-focused website, then sell advertising space to crypto companies. A crypto startup preparing for its ICO, for example, may offer you 1,000 of its new tokens in exchange for a one-week advertising slot. A crypto wallet company might pay you in bitcoin to have a banner ad on your page.

When you start a crypto-focused website, your advertising opportunities aren’t just limited to Google AdSense. You can join other advertising networks or sell directly to crypto companies. Once you build a website with a significant following, crypto companies will start approaching you with advertising offers.

There are thousands of crypto websites out there, but there are still plenty of niches that remain unfilled in the crypto space. Start a website focused on regional crypto discussions – like keeping up with the latest updates on bitcoin in Ethiopia. Write product reviews, analyze crypto investments, or write technical analysis online. There are plenty of opportunities.

Become a Crypto Influencer

  • Effort: Medium
  • Income: Medium to High
  • Risk: Low

A single tweet or Instagram post from an account with hundreds of thousands of followers can be extremely valuable for a crypto startup company.

Crypto influencers are similar to influencers in any other space. If you can attract a significant following online, then people will pay you to send information to your followers.

Start building a following on Instagram, Twitter, or anywhere else. Maybe you start an account dedicated to crypto memes. Maybe you flex your expertise with the world. If you can build up a following of people interested in crypto, then you can leverage that following to your advantage.

Work for Coins or Projects in Marketing/PR Roles

  • Effort: Medium to High
  • Income: Low to High
  • Risk: Medium

Crypto startups need marketing and public relations (PR) people. They might pay you in fiat currency, but many startups will pay in cryptocurrency.

It’s like the early days of Google and Apple where you hear about people getting paid in stock options instead of cash. If you get paid a significant amount of a new token, and then that token explodes with growth, then you could become very rich.

You don’t have to have significant marketing or PR experience to provide value to a company. You can start by translating a whitepaper to your native language, for example. Maybe you have social media experience.

Marketing and PR roles can range from grunt tasks to executive and management roles. Apply at multiple crypto companies, then flex your skills wherever possible.

Earn Interest with Crypto Savings Accounts

  • Effort: Low
  • Income: Low
  • Risk: Medium

Crypto savings accounts are now officially a thing. You can deposit crypto into a savings account, then watch that money earn interest while you sit back and relax.

Two of the biggest and most popular crypto savings accounts available toady include BlockFi and Nexo, although BlockFi is the only platform that lets you lock up crypto and earn interest (they’re currently paying 7 to 8% interest per year on crypto holdings).

In the last decade, interest rates have been low in the traditional world of finance. Most savings accounts pay 2% interest per year or less. In the crypto world, however, significant opportunities are still available for you to earn interest.

Exercise to Earn Crypto

  • Effort: Low to High
  • Income: Low
  • Risk: Low

Yes, you can legitimately exercise to earn real cryptocurrency. A mobile app for iOS and Android called Sweatcoin will convert your steps into cryptocurrency.

Would you exercise more if you got paid to do it? That’s the idea behind Sweatcoin. You install the mobile app, and the app tracks your steps. For every 1,000 steps you take, you earn roughly one Sweatcoin (SWC).

Sweatcoins are not available to be traded on any exchanges. However, the tokens have value within the Sweatcoin ecosystem. You can spend Sweatcoins on video streaming subscriptions, airline miles, eBooks, and even iPhones, for example.

OPM: Earn Bitcoin with Other People’s Money

  • Effort: Medium
  • Income: High
  • Risk: High
  • Earning Potential: $500 – $10,000+

Using other people’s money to earn cryptocurrency is more of a gateway to the ‘ways’ listed above. For many moons, people have used other people’s money to get wealthy by obtaining funds to open a business, make an investment or any number of options available once you get money from others. There are also referral business models that focus on OPM Wealth by helping others fix their credit and receive commissions in cryptocurrencies. This is a more discrete way of earning bitcoin profits but one that can stack up very fast due to the nature of assisting individuals in getting money.

Downsides of Getting Paid in Crypto

Getting paid in crypto may sound like a great idea. However, there are certain downsides to getting paid in cryptocurrency, including all of the following:

Volatility: Volatility is the main problem with getting paid in crypto. The amount you get paid today could be worth substantially more or less one month from now. If your bills are also in crypto, then that’s not a problem. Most people’s rent, mortgage, and insurance bills, of course, are in fiat currency – not crypto.

High-Risk, High-Reward Gambling: When you get paid in crypto, you’re gambling. It’s a high-risk, high-reward game. It’s possible the money you’re earning today will be worth 10x that amount in the future. It’s also possible that money will be worthless.

Regulatory Changes Can Severely Impact You: Governments worldwide are still trying to figure out how to tax and regulate cryptocurrencies. Some governments have banned crypto entirely. If you get paid in crypto, then your government introduces strict regulations against crypto, then getting paid in crypto is suddenly less attractive.

Changing Tax Requirements: Most governments require you to report all money you earn. Otherwise, you’re evading taxes. Most governments treat crypto earnings like property earnings. You need to report any capital gains you’ve made from crypto. Of course, the tax status of crypto is changing regularly. If you earn significant crypto income, then you could be dealing with tax headaches for years.

Crypto Isn’t Widely Accepted: You might make most of your money in crypto, but that doesn’t matter if your bills aren’t in crypto. Grocery stores, landlords, and banks may not accept crypto payments, for example. Getting paid in crypto can be great – until you need to pay your bills in fiat currency.

Based on these disadvantages, you may or may not want to get paid in crypto.

Tax Treatment for Earning Cryptocurrencies: How Do Taxes Work with Crypto Earnings?

First and most importantly, we recommend talking to an accountant if you earn significant crypto income. Evading income taxes today can lead to enormous fines and jail time in the future. Hiring a good accountant might be the best investment you ever make.

Many newbies assume that the U.S. government ignores taxes on crypto earnings. That’s not true whatsoever. The United States government has had official bitcoin-related tax policies since 2020.

If the IRS believes that you have earned significant money by buying or selling crypto, then they will go after you. Similarly, if the IRS believes you are under-reporting income taxes (say, by getting paid half in crypto and half in fiat), then they will also go after you. Tax evasion is illegal, and you can face penalties for unreported income over the last six years (or more, in some situations).

For tax purposes, the IRS has always treated cryptocurrency like property. That means you need to pay capital gains taxes on any crypto profits. It also means you can deduct income using any losses you’ve made by buying high and selling low.

How much do you owe the government based on your crypto holdings? Here are two steps to take when dealing with cryptocurrency and taxes.

Step 1) Calculate Profits or Losses Using the Buy Date and Sell Date

Figure out how much profit you made from selling cryptocurrency. Did you buy a coin low and sell it high for a profit?

To answer this question, multiply the sale price of your cryptocurrency by the amount of the coin that you sold. Then, subtract how much you originally paid for that crypto. You can also subtract any fees you had to pay to sell that crypto.

The figure you end up with is your realized gain or profit. If you bought high and sold low, then this number will be negative, and this is your realized loss.

Step 2) Separate Short-term and Long-term Gains

Next, you need to determine if your gain was short-term or long-term. Identify the date you purchased your crypto, then note the date you sold it. The period in between the two dates is called your holding period. If you held your crypto for one year or less, then it’s considered a short-term gain. If you held it for longer than a year, then it’s considered a long-term gain.

The IRS charges long-term and short-term gains in different ways.

Short-term gains, for example, are treated like ordinary income, and they’re added onto how much money you made for that year, which means your crypto is taxed at your margin tax rate.

Long-term gains, meanwhile, are calculated as capital gains, which means you pay capital gains tax – not income tax – on your crypto profits. Long-term capital gains tax is generally lower than your income tax. Your long-term capital gains tax in the United States is 0%, 15%, or 20%, based on your taxable income and filing status.

Once you’ve gone through the above steps, you can add the information to your income tax report then pay your taxes.

Final Word

The curated list of the best ways to earn bitcoin should shed light on the top methods to create cryptocurrency profits for anyone looking to partake in the blockchain revolution.

While purely-speculative, capitalizing on the current cryptocurrency trend may pay huge dividends down the line when the price of Bitcoin could increase in value. So all work and time put into earning bitcoin today could be a multiplied in value should you ‘hold’ out. Even if you cash-in or spend bitcoin for goods and services in real-time to pay the bills, building your network by connecting with industry leaders who are offering jobs that pay in cryptocurrencies is a quality move to make given the promising future bitcoin has.

From 6,000 BC to 21,000,000 BTC, from having bartered sea shells to issuing banknotes and valuing precious metal markets; how society deals with money’s value and purpose has always had its core concepts from the very beginning of civilization. And now, since the dawn of Bitcoin a decade ago, the #DeFi world has begun to rethink the principles and origins of money.

In a nutshell, Bitcoin offers itself up as a unit of measurement, a medium of exchange and a store of wealth value. Bitcoin is infinitely divisible, so no matter how many are lost or become unusable, whatever amount is in circulation has the potential to be used as the programmable money of the future for a long time to come. This ‘crypto meme’ sums up the bitcoin matrix:

There are more ways to earn crypto online today than ever before. Sure, there are no longer any bitcoin faucets dispensing free bitcoin. But there are now thousands of companies willing to pay you in bitcoin for performing a service. You can find crypto savings accounts, gambling platforms, and cashback services among all the methods reviewed above. Here is a clip from crypto influencer Andreas Antonopoulos on earning bitcoin vs buying bitcoin in 2020:

So what are you waiting for? Follow the methods above to start generating bitcoin profits fast online today.

It’s time for everyone to join the crypto party and start Bringing Your Own Bitcoin to the celebration by earning it online. Keep stacking satoshis and get paid in bitcoin fast before the BTC price increases, thus your work and cryptocurrency community contributions increase in value too.

I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!

How to Earn Bitcoin

No one has yet been able to come up with an easy way to make money in dollars, euros or any other fiat currency but if you are not too lazy and make some efforts, you can secure a stable income in the global network. It is necessary to understand that there are no free Bitcoins and other virtual currencies, in order to get them it is required to spend certain resources. This does not mean that you will have to use personal funds to get Bitcoins.

Typically, such resources are the user’s personal time spent on various tasks, such as e-mailing, viewing advertisements and others. If such an introduction to the article did not awake your interest in the question on how to get free crypto assets, consider 16 main ways to make cryptocurrency without investments.

1. Micro Bitcoin Earnings

It is easiest to get into this niche but earning here is one of the most labor-intensive activities. Users have to perform various tasks or the passing of the game, requiring a lot of free time and effort. As for payment, it is often negligible. In addition, most sites that provide the possibility of such earnings have viruses and malicious applications, so use only the verified links.

2. Bitcoin and other Cryptocurrency Games

On the Internet, there are many Bitcoin games made in various genres. Some of them allow you to earn a digital asset, which can be displayed on your wallet. The most popular site that brings together over 600 games is Bitstarz. Here you can play various gambling games without any investment – you can also receive 20 free spins as a gift if you’ll find an affiliate link! Thus, there is a great chance to earn more than 5 types of cryptocurrency and at the same time not to lose a penny.

3. PTC (Paid-to-Click) – Online Services that Pay Money for Clicks

On such sites, you can earn a certain amount of bitcoins for viewing advertisements and switching to other sites (up to $0.40 per hour). One of the best services of this type is ads4BTC. Here, users are given the choice between ads that need to be viewed for 5, 10, or 20 seconds. If you view 20-second ads for 24 hours, you can earn up to 0.0216BTC.

4. Bitcoin Faucets (Approximately $ 0.05-0.08 per Hour)

Despite the fact that the use of faucets can be quite a profitable occupation, this type of earnings is not too common. Bitcoin faucets are online services that pay a small amount of virtual currency at regular intervals. In fact, these are services where you can get free Bitcoin. For example, on the FreeBitcoin website, they give out a small number of satoshi every hour. If you count, for 24 hours you can earn no more than 0.0021 bitcoins. But many other resources pay even less.

5. Doing Small Tasks

In the global network, there are many online services that provide the opportunity to earn Bitcoin for performing small tasks. A good example is the Coinworker site. Here one can find tasks of varying complexity, the essence of which is to posting news on social networks, testing web applications and so on.

6. Sale of Goods for Bitcoin

According to data published by Google Trends, current businessmen and owners of large companies are increasingly introducing Bitcoin fees. Modern marketplaces wishing to stay on the front burner have added the possibility of selling goods for Bitcoin. Such an approach to business can attract the attention of a wide audience. Moreover, literally, anyone can make money at the sites offering the sale of goods for Bitcoin. It is enough to put on sale a product or service and expect its buyer. One of the best examples of cryptocurrency marketplace is Alphateca.

7. Get Free Digital Money due to an Online Wallet

Airdrop is free coins distributed by a blockchain platform. To get them, you need a wallet of a suitable system. For example, a cryptocurrency can use an existing blockchain platform, for example, Ethereum and then the tokens will conform to the ERC-20 standard (respectively, your wallet must support this standard). When the popular ERC-20-compatible OMG token was released, as part of its promotion, the creators transferred several coins to everyone who had an Ethereum wallet.

But there are two nuances:

  • To obtain tokens, you need to have a non-zero balance of the main cryptocurrency, such as ether.
  • You must have your own private key wallet (a cryptomarket wallet will not work).

Having your own wallet is, in principle, very important, and not only in the context of receiving free coins. In addition, it is simply necessary in the case when the hardfork of the blockchain of one or another cryptocurrency occur. When Bitcoin Cash broke off from the Bitcoin network, everyone who had their own wallet received as many Bitcoin Cash coins as many Bitcoins one had, that is, 1 BCH for 1 BTC).

So which wallet to open? For example, you can go to the site CoinMarketCap, select the list of Coins, then go to the site of the desired coin and set its official wallet. But as soon as you select the Coins filter, you will notice that there are hundreds of independent blockchains, and downloading the wallet for each of them is simply inappropriate. So let’s choose the simplest option that requires minimal effort: let’s get MyEtherWallet (MEW).

Most of the new tokens work on top of the Ethereum blockchain, and MEW is the most popular web wallet for this platform. So what needs to be done? Open MyEtherWallet account. Transfer any amount of ether from the exchange to MEW, for example, 0.01 ETH. Wait for distribution! Please note that the same can be done with other blockchain platforms, such as NEO and Stellar.

Encouraging airdrops occur quite often but the tokens that you receive on them mostly cost nothing. Unknown tokens thus attract users. At best, you will have a certain number of tokens, which, when running a full-fledged project, can become a breakthrough cryptocurrency with good goals and clear plans. And you, as a person who learned about this asset at the stage of development and received tokens during an airdrop will become rich.

In the worst case, you will be left without ether. Why without ether? It’s very simple: 99% of tokens are based on Ethereum and when registering to participate in the airdrop, many tricky “entrepreneurs” tend to extract passwords from your wallets. In general, be careful when choosing a promising project.

Encouraging airdrop implies that you will receive a reward in the form of tokens only after performing some simple actions. For example, after registration or repost. Assignments that come up can be very different. Most often it is any kind of social activity on the Internet.

Airdrop is not easy to find. Start by looking for a developing project. Search better on crypto forums, special platforms (for example, BitcoinTalk, Аirdropalert). It often requires the presence of promoted accounts in social networks or the ability to effectively advertise the selected project on the forum, praise in wide circles, and so on.

8. Writing Articles about Cryptocurrency

For writing articles about Bitcoin, you must have the appropriate knowledge. This way of earning can bring a good income, depending on the chosen service for posting articles.

Writing articles on the terms of the BitcoinTalk campaign (up to $2.67 per hour). Around the middle of 2020, the BitcoinTalk campaign was launched, which is used to advertise cryptocurrency, in which users receive payments for each record created. Of course, some texts do not contain useful information. For example, some users simply leave their thanks or admire of the read post.

The level of payment depends on the category of BitcoinTalk membership. Usually, those users who are not full-fledged members of the community, receive minor payments or do not receive them at all. To become a full member, you must write at least 120 helpful messages. In the future, each new post will be charged in the amount of 0.0005 Bitcoin.

There are some restrictions for writing posts:

  • The message must contain at least 60 words and the text itself must be original;
  • The user should not have a negative rating;
  • It is forbidden to place advertisements that are not related to the subject of cryptocurrency;
  • It is necessary to write a certain number of posts per week;
  • Of course, these materials must be written in English.

If we consider that creating a meaningful text of 60 words requires at least 5 minutes, in 24 hours of continuous work, you can get up to 0.144 bitcoins. However, many online services also have a limit on the maximum number of posts. Therefore, working around the clock will not work.

9. Writing Articles for News Sites and Blogs

With sufficient knowledge, you can make your own contribution to the development of Bitcoin technology, taking up writing articles for blogs and news sites. Many sites are desperately looking for authors of articles because, in order to maintain their position in search results, a daily publication of a certain number of posts is required.

When working through various exchanges, earnings are much lower than when working directly with the customer and can be as low as $0.85 per 1000 characters or more, depending on the complexity of the chosen topic. As one of the authors of the “promoted” Bitcoin portal, you can receive from $1.7 to $3.5 per 1000 characters or more.

Knowledge of English is a huge advantage for the author since American and international services can earn Bitcoin much faster. Typically, the value of such orders is determined by the number of words, not characters. For 1000 meaningful words about cryptocurrency, you can get from 35 to 80 dollars.

10. Look for Free Giveaways and Bonuses

It is time to discuss the question of why companies, in general, arrange free distributions of coins. The answer is simple: this is an advertising strategy, a way to tell a wide circle of users about a new project. Many cryptocurrency startups have a marketing budget, and free distribution of tokens is one of the ways to spend it. So, as you can see, cryptocurrency companies distribute coins and bonuses quite purposefully, and sometimes, in order to receive them, you just need to sign up by specifying your email and wallet address. There are other bonuses that companies distribute for reviewing cryptocurrency or subscribing to a project page on Facebook.

You need to understand that an active search for hands and bonuses takes time, and besides, you need to be interested in new projects in the first row: study the announcements of new ICOs, subscribe to mailings and read news about digital money. However, there is a way to learn about bonuses and earn tokens without this hassle. We are talking about the platform Earn.com – they pay with tokens for reading advertising messages from companies. How it works: you register and join some lists, such as the Web designer or Bitcoin buyer after which you receive paid messages from companies interested in promotion among the relevant audience.

Most often, this paid advertising tells about new cryptocurrency projects that need a new audience or about the next ICO. Thus, Earn.com has become a source of the latest news in this area. While using Earn.com, you not only get $1 or more in Bitcoins for each open message but you can also get free tokens in one of the giveaways.

You can also look for distribution on sites like AirdropAlert but on Earn.com this is much easier. Here you can save your MyEtherWallet address, thereby joining all future ERC-20 token distributions, and in addition, the platform provides fast transfer of incoming coins to a bitcoin wallet, for example, Coinbase.

11. Social Networks on the Blockchain

This is probably the most promising option in terms of earnings. The development of the blockchain has reached the level where they are trying to use it everywhere. Search engines on the blockchain system, universities using blockchain technology, etc. At one point, people gathered and decided that it would be nice to create a social network where everyone would be free from censorship and moderation. This is how social networks appeared on the blockchain.

The main feature of such networks is the policy of rewarding users for their activity. For a regular post one can earn up to $1000! Such sites use their own cryptocurrency for payments (Steem, Golos). These currencies are completely liquid: they can be exchanged for real money.

Payment for the written post occurs a week after its publication. The amount of payment depends on the number of users who vote for your post. During the week, the post fills its cost. 75% of the resulting cost goes to the author of the post, and 25% goes to those who supported this post (to the curators). Between the supporters, this 25 % is distributed proportionally: the greater the power of the curator’s vote, the more he or she will be paid. And the strength of the voice, in fact, depends on how often you maintain posts. If you rarely like posts and rarely support them, then your voice is more valuable. This option allows you to earn really good money. Write and publish good posts, read and vote for other people’s materials.

12. Give a Credit

This method is suitable for people who already have a certain amount of money in Bitcoins, which he or she would like to increase. There are many Bitcoin-related projects in the network that need funding. As an investor of one of them, you can make a profit in the form of a percentage of the amount issued.

However, such activities are associated with certain risks. Some people who received funds in debt may not return them. Therefore, you should be careful about the choice of projects in which you can invest personal finances. To date, the best online Bitcoin lending services are Biterest, Bitbond, Loanbase, Pure Central and Bitlending. Biterest service is mostly focused on citizens from the CIS countries.

It is worth noting that lending Bitcoin is quite a risky venture, which would entail losses rather than profit. Therefore, this method of earning is hardly suitable for beginners.

This is a wider field of activity since it includes all sorts of services related to Bitcoin, for which a fee will be charged. To choose the right field of activity, you can find useful information on the BitcoinTalk forums, or visit the resource called Coinality. For example, the most sought-after specialists are:

  • Blockchain developer;
  • Web service administrator;
  • Graphic Designer;
  • Mining expert;
  • Internet marketer and many others.

14. Gambling

This way of earning hardly needs detailed explanations. On the Internet, there are many gambling services where you can earn bitcoins. One of the most popular is Bitstarz, which we talked about above. The service allows you to win a cryptocurrency for free, giving out bonus free spins for registration. On other services, the user often pays a certain amount in exchange for the chance of a decent win. The advantage is that the game does not require special skills. However, this is sometimes a way to lose your finances than to win anything.

15. Trading

Today there are many ways to trade. But in order to start trading in Bitcoins, you must have the appropriate knowledge. The main types of trading are:

  • Intraday, involving the purchase and sale of digital assets in one day. The benefits of such transactions depend on short-term price fluctuations.
  • Investing in an asset class without real ownership (CFDs). The purchase is made through brokers, so instead of buying real funds, the user can purchase a contract for them. At the right moment (jump in the rate), the contract can be profitably sold and one can earn bitcoin.
  • Binary options are a form of trading in which participants perform a prediction of the cryptocurrency rate. For the correct forecast, the user is charged a reward, otherwise, he or she incurs losses.

In fact, binary options can be considered a form of gambling, which has received an attractive name. No one can predict exactly what the cost of cryptocurrency will be. Otherwise, everyone would have become billionaires.

16. Bitcoin Faucets Rotator

This method has appeared relatively recently and greatly simplifies the receipt of funds from numerous Bitcoin-faucets, which literally overflow the Internet. It assumes the use of a personal site with a fairly simple interface that allows you to quickly switch between bitcoin faucets without opening a new tab in the browser each time.

Rotators significantly increase profits, but have several disadvantages:

  • For the use of the script, developers take part of the profits of users in the form of percentages;
  • Many free bitcoin faucets are fighting against the use of rotators, so the latter need to be constantly updated.

To start making money you need to have your own website. It can be created for free using online designers or available CMS and recorded on free hosting. Then add a rotator script and start making profits. Users of the rotator are given the opportunity to edit the list of bitcoin faucets. It is recommended to use those services that distribute free bitcoins on the machine – taps with instant payouts.

How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency

There are a number of ways that individuals can earn Bitcoin online. Unfortunately, just as in real life, there is no such thing as a free lunch. Any way of earning Bitcoin online will require something in exchange, whether it’s your time or your knowledge or your computer’s processing power.

Some of the methods outlined below will involve minimal effort but will also result in minimal returns. Other means of earning Bitcoin online may be more lucrative but they will require you to have a certain level of knowledge and expertise about the industry and the market.

Therefore, although it may appear to some that Bitcoin, and cryptocurrency in general, is an easy way to make money, it is not as easy as some might expect without the requisite knowledge (a principle that can unsurprisingly be applied to any industry).

However, should you be interested in earning Bitcoin online it may be worth considering some of the below options, ranging from the least difficult (and least paid!) to the more substantial roles available in the Bitcoin ecosystem.

Coinbase Earn

Probably the easiest way right now to earn some free cryptocurrency is to take advantage of Coinbase Earn. As you will probably know, Coinbase is one of the largest and easiest ways to purchase Bitcoin and other Cryptocurrencies.

Last year they launched a new initiative called Coinbase Earn, this is a program where you can earn a variety of different cryptos by watching some educational videos about each crypto and then answering some multiple choice questions.

The coins on offer change, so it’s best to register and participate in any that are available and keep an eye out for their emails as they add new ones from time to time.

This is an easy way to earn a couple of hundred dollars of cryptocurrency which you can then withdraw or sell for fiat on the platform.

Bitcoin Lending

There are potentially significant earnings to be made in Bitcoin lending, but there is also significant risk. Bitcoin lending tends to operate through intermediary websites such as Blockfi and Nexo and the concept is as simple as it sounds.

You act as a bank, lending your Bitcoin to another person at a certain level of interest. Because the market is unregulated the levels of interest are generally much higher than the standard bank rate meaning that there is a potential for high returns.

However, on the flip-side, the unregulated nature of the transaction means that in the event that the borrower does not pay back the Bitcoin to you, there is little recourse available for you to enforce the loan.

The volatility and the risk associated with the Bitcoin lending market means that it is probably a market only accessible to very large holders of Bitcoin, due to the level of risk and the potential expense in enforcing a loan if something goes wrong. However, if handled correctly, there is huge potential market in this sector.

For more information about Bitcoin Lending, take a look at our indepth guide.

Micro Earnings

Although micro-earnings is the easiest method in which to earn Bitcoin, it is also probably the most time consuming of all the methods discussed, especially when taking into consideration the amount of money to be made.

Micro earning websites pay you in Bitcoin for completing small tasks. In return you can get a (very) small amount of Bitcoin. The most popular forms of micro earnings are as follows:

As suggested by the name, these websites pay users in Bitcoin for visiting certain websites or viewing certain advertisements. There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views, with Ads4BTC probably being the most famous and the most popular.

This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each.

Based on the prices offered by Ads4BTC, if you had 20 second ads running for an entire day, you would make less than $10 per day, so this may not be a viable option for most.

Bitcoin Faucets

A Bitcoin faucet is a type of website that gives away small amounts of Bitcoin to its users, with owners making money by placing ads on their website and pay individuals who visit the ads or complete surveys.

This industry amounts of over 50% of the traffic on leading Bitcoin websites today. Faucets let visitors earn a percentage of the Bitcoin that they give away to any visitors that you brought in.

This has resulted in users using a Bitcoin faucet rotator that allows users to quickly surf different faucets and earn a commission through rotation links for each faucet visited by you.

However, similar to PTC websites, Bitcoin faucets are not a realistic way to earn good money, with even the best faucet rotators being applied still only enabling users to make no more than $1-2 per day.

Micro Jobs

Micro jobs are small tasks that can be completed for small amounts of Bitcoin. Websites such as Coinworker offer such tasks, which may involve simply testing a plugin to see if it is successfully compatible with a browser, or just retweeting a post.

Again, the money is small but there is potential to earn a little bit more than the faucets of PTC websites.

Writing about Bitcoin

If you’re knowledgeable about Bitcoin, enthusiastic about the cryptocurrency industry in general and willing and able to share your knowledge, then you can also earn Bitcoin by doing so.

The amount that can be earned by writing about Bitcoin varies, but can be quite lucrative depending on the level of expertise that you have on the subject.

BitcoinTalk Signature Campaigns

The BitcoinTalk Forum Signature campaign pays for users to write posts on the BitcoinTalk forum which includes a product campaign in the signature. Payment levels depend on your membership level on the BitcoinTalk forum, with very little Bitcoin being available for users that aren’t a full member of the forum (to obtain full membership, you need at least 120 posts).

Most campaigns also have certain requirements for posters, such as a minimum word limit or a requirement that no advertisements are directly included in posts. In addition, some campaigns may include a minimum and/or a maximum weekly post count.

The amount of money that can be made from these campaigns varies depending on the number of quality posts that you could make as a user that achieve the word count minimums.

Depending on the campaign you may be able to make $50-100 for 24 hours of work, exclusive of the posts needed to obtain full membership to the forum.

In addition, due to some campaigns operating only allowing for a maximum number of posts per week, there may not be sufficient income within a campaign to earn substantial amounts.

Lots of new Cryptocurrency companies also offer “Bounties” for performing other tasks, such as creating YouTube videos, blogging and posting on social media.

You will earn differing amounts depending on how many followers you have so it can be useful to build your Facebook or Twitter accounts and participate in different campaigns.

You will typically be paid after the ICO has taken place and receive some of the coin or token from the company you helped promote.

Writing for blog and news sites

It is at this point that the potential for making good money begins to rise, although the corresponding requirements for knowledge about Bitcoin also increase at the same time.

There are an ever-increasing number of blogs and news sites that require dedicated writers to discuss Bitcoin and other cryptocurrencies and, depending on your level of understanding about your subject, there are a virtual limitless number of options available to writers, with good quality writers being paid between $30-100 per 1,000 words.

At this level writers can also choose their payment methods, whether it be in Bitcoin or in fiat currency. Websites such as Coinality is a good place to start if you are looking to find jobs writing about Bitcoin online.

Affiliate Marketing

If you take the writing route for Bitcoin and your blog or website is a success, there is potential to make money through Bitcoin affiliate marketing. This is a form of marketing where you can get paid a certain percentage of commission for every referral that you bring to an existing Bitcoin business.

If the business operates an affiliate programme, and your blog is read by enough people who link to the business and purchase the product offered, then the commissions can potentially be unlimited, for minimal outlay other than the drafting of the original blog post.

When it comes to cryptocurrency, if your level of expertise is more on the technical side rather than the writing side, there are plenty of opportunities to get involved in cryptocurrency development projects.

Most of the companies currently operating in the cryptocurrency industry are start-ups with limited infrastructure in place. Therefore, they often need everything from software developers to web developers to mining experts to online marketers.

Depending on the size of the startup a role such as this can vary from being a contracting job that can be completed remotely, or alternatively could be a full-time job.

The amount that can be earned from a role such as this is obviously dependent on the type of role, the level of expertise that you bring to the role and the number of hours that you will be dedicating to the role.

Bitcoin Mining

Early adherents to the Bitcoin industry have made significant fees through mining Bitcoin. Mining Bitcoin is the process by which new coins are created.

Mining is carried out using certain computer programmes and utilises the processing power of the miner’s computer.

At its inception, Bitcoin mining was relatively simple and the earliest miners were able to mine thousands and thousands of Bitcoin with limited expenditure.

However, at the same time, the value of Bitcoin was nowhere near where it was today and therefore any large profits being made from mining didn’t really begin to happen until a number of years after when the value of Bitcoin began to rise.

Nowadays, Bitcoin mining is much harder. Each Bitcoin that is mined requires more processing power and therefore mining Bitcoin now involves significant processing power and can no longer be done without specialized equipment.

In addition, the costs of the electricity used to power this equipment is phenomenal, with Bitcoin mining currently estimating to be using the same power per day as a country the size of Morocco.

Because of this, most Bitcoin mining has been taken over by companies who can make profit by scale based on buying large amounts of processing hardware at a discount as well as locating themselves in an area with extremely cheap electricity.

For this reason, China is by far the largest Bitcoin mining country (mining over 60% of Bitcoin), followed by Georgia, Sweden and the US.

Bitcoin Trading

There is huge potential to make money on trading in Bitcoin, but it takes a level of expertise and knowledge about the market in the same way that trading on any other financial market does.

In addition, the cryptocurrency market is extremely volatile and therefore may not suit everybody’s tastes and risk appetite. The first issue with trading is that almost all of the trading exchanges operate through Bitcoin or Ethereum, meaning that if you wish to trade in cryptocurrency and don’t own any, you will probably need to own some (with some exceptions).

Websites such as Coinbase or CEX both allow users to purchase cryptocurrency by credit or debit card, or alternatively to purchase via a bank transfer. Once purchased, you can then transfer your Bitcoin to whichever exchange you wish to operate on. If you wish to consider trading, here are some of the options:

Day Trading

Day trading is buying and selling Bitcoins on the same day on the basis of small, short-term price fluctuations in the market. Such fluctuations may be based on market trends or simply rumours. Traders can trade Bitcoin against other cryptocurrencies or against fiat currencies such as the US Dollar.

Trading Bots

Running your own Bitcoin Trading bot is an advanced method which can produce good returns if done properly.

We have written a complete guide to trading bots here which will show you the methods and advantages to earning bitcoin and other cryptocurrencies this way. Here are some of the more popular platforms and bots to use:

3Commas

3Commas is a very popular trading bot which works with a number of exchanges including Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi and YOBIT.

The bot works 24 / / 7 with any device as it is a web-based service so you can monitor your trading dashboard on mobile as well as desktop and laptop computers.

It allows you to set stop-loss and take-profit targets and also has a social trading aspect which allows you to copy the actions of it’s most successful traders.

For more information about 3Commas, check out our complete review here.

Cryptohopper

Cryptohopper is a cloud-based trading bot which means it can trade cryptocurrency 24 hours a day whether you are at your computer or not. The system allows you to trade on technical indicators, or subscribe to a signaler who sends buy signals.

According to their website, they “are the first and only automated crypto trading bot to integrate professional external signals.”

For more information about Cryptohopper, see our full review here.

CryptoTrader

The CryptoTrader bot is a cloud based trading bot that provides users with fully automated trading solutions while not requiring them to install the bot on their own system.

CryptoTrader features a strategies ‘marketplace’ that allows users to buy their favorite trading strategy, or alternatively to sell strategies developed by themselves.

Contracts for Difference

Although similar to day trading, CFDs does not involve actually buying or selling any Bitcoin. Instead, you buy a contract for Bitcoin, meaning that you don’t actually have to hold or store any Bitcoin.

One of the advantages of this is that you can short Bitcoin, meaning that if the price goes down, your profit goes up, allowing you to hedge your trades.

One of the disadvantages is that you have no control over the Bitcoin you trade with, as you are not the owner of any Bitcoin or the controller of the private key. It can therefore only be used for trading purposes.

Binary Options

Binary options (so-called because the only option is to win or to lose) is a trade strategy that allows you to predict if the price of Bitcoin will rise or fall in a certain period of time.

If the rise or fall occurs within the set period, you will receive the payout agreed upon when entering into the option. If it does not occur, then you lose your investment.

We recently reviewed IQ Option which is the largest site for trading Binary options.

Conclusion

Although not exhaustive, these are some of the most popular ways in which you can earn income online. As noted at the outset, there is no such thing as free Bitcoin and something will have to be given in return, whether it’s time or expertise or both.

However, with an ever-expanding market the demand for Bitcoin expertise and Bitcoin related products means that there has never been a better time to get involved in Bitcoin.

How to Earn Profit Investing & Trading Cryptocurrencies (Bitcoin, Ripple & Ethereum)

Monday, November 12, 2020

Cryptocurrency trading can be extremely profitable for professionals or beginners. The market is new, highly fragmented with huge spreads. Arbitrage and margin trading are widely available. Therefore, many people can make money trading altcoins. You can also trade CFDs and the new ETF’s. Digital coins history of bubbles and volatility has perhaps done more to bring in new users and investors than any other aspect of the cryptocurrency. In this class we will learn how to apply analysis to spot potential market shifts and volatility.

Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.

Best Binary Options Brokers 2020:
  • BINARIUM
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  • BINOMO
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    Recommended Only For Experienced Traders!

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