10 ways how you can get Bitcoin
To make or earn a substantial amount of bitcoin is not easy. It’s just as difficult, if not more difficult than making a reasonable amount of US dollars or any valuable currency for that matter. If you are willing to put in the work, time and energy, you can make some very nice earnings. There’s no such thing as “free bitcoins” in the real sense of it. Earning bitcoin will always cost you something. It may not necessarily be money, but other things like time, effort and energy. We have narrowed down the ways you can earn bitcoin to 10 easy ways.
This is probably the easiest way, but also the method that consumes the most time. Methods that belong to this category usually consume a lot of time and pay a very small amount of bitcoin. Even if you are less busy, this won’t still give you too much income. You also have to note that some of this websites that pay our micro earnings have built-in malware and viruses, so you need to be very careful and not click any links that you don’t trust or look suspicious.
Paid to click websites
They pay an average of about $0.4/hour. As the name implies, these are websites that will give you fairly small amount of bitcoin for ad viewing and web visits.
Ads4btc.com is the most popular paid to click website today. The website allows you to choose between 5-second ads, 10-second ads, and 20-second ads. If you watch the 20-second ads throughout the whole day for 24 hours, you will be making about 0.0216BTC which is around $334.58 for 24 hours of work.
Faucets are websites that will reward you with a very small quantity of bitcoin every few minutes. Faucet system rewards users in satoshi, where 1 is equivalent to 0.00000001BTC.
Some websites give a reward of as much as 1000 satoshi every 5 minutes. If you managed to get 1000 satoshi every 5 minutes for 24 hours, you will still be making only 0.00288BTC. That would translate to about $44.61 for 24 hours work.
Faucets reward users for viewing ads, completing a captcha, or simply just being on the website. Moonbit.co.in is one of the trusted and popular bitcoin faucets. The satoshi earned on most faucets can be claimed every 5 minutes.
You can also be rewarded with bitcoin for completing micro tasks. The jobs can range from completing a survey, to testing a web application, retweeting a post, and so on.
Coinworker.com is a good micro job bitcoin website. If you have over a 100 followers on Twitter, then you can earn bitcoin through your Twitter followers. Websites like birds.bitcoin.com pay for you retweeting a post. Your pay would depend on the amount of Twitter followers you have.
Writing about Bitcoin
Not anybody can write about bitcoin, because it requires knowledge, time, and the ability to write in the required language. You can start earning a reasonable income through writing depending on where you choose to write.
Talk signature campaigns
Around the middle of the year in 2014, BitcoinTalk started a signature campaign. This simply means that you use your BitcoinTalk’s signature to advertise a product of bitcoin and get paid for every article you write. Payment is according to membership level on BitcoinTalk. To become a full member of BitcoinTalk, you will need to have written at least 120 articles.
BitcoinTalk pays on an average 0.0005BTC per article. So if you work for 24 hours straight, writing an article every 5 minutes, you can make an average of about 0.144BTC which is about $2259.54 for 24 hours work. This calculation doesn’t include the amount of posts you need to write in order to become a member.
There is also a post limitation and as such, you will likely not be able to work for 24hours.
Writing for blogs and news sites
If you know about bitcoin, and you have a flair for writing, you can always become a writer for a blog or a news site.
Many sites need to reach their daily quota of posts and are always looking for writers. The pay of a blog post writer will vary based on writing skills, command of English language, experience, and expertise on the topic.
If you are an excellent writer, you can make up to $80 per 1000 word blog post. On an average you can earn about $35 for a 1000 word blog post.
Writing a good post for a blog is time consuming. Let’s say it takes about 2 hours to write a 1200 word blog post and let’s also assume that you can work for 24 hours straight; you’ll be making an average of about $420.
Supply Bitcoin related services
This niche is a bit wide, as it encompasses every possible bitcoin service that someone would pay for. One of the ways to know the kind of services needed is to visit the services thread on BitcoinTalk or visit coinality.com. Examples of services needed by people includes blockchain developer, graphics design expert, mining expert, website manager, online marketer, and so on.
Becoming a Bitcoin escrow agent
Being a bitcoin escrow agent is an example of a service you can provide. This means you have to build your reputation and present yourself as a trustworthy person to the bitcoin community.
It’s difficult to estimate a price in this category, since every service is different. The pay would be determined by the service you provide.
If you have some bitcoin and want to increase their value, you can always explore bitcoin lending. It involves you lending out a certain amount of your coins to other people for mostly crypto-related projects, and get paid back with interest.
Bitcoin lending is very rewarding as you can get very high returns through lending. The downside is that it is a high risk business, as some of the people you lend to might not return your money. This is why it is very important you choose who to lend wisely. The three main websites that deals with bitcoin lending are BTCjam.com, Bitbond.com and Loanbase.com. It’s a high risk, high reward enterprise.
HYIP investment sites
There are plenty of websites on the web that claim that they can multiply your bitcoin, and give you a very high daily interest on your coins.
These websites are known as High Yield Investment Programs and most times turn out to be Ponzi schemes. Many people have been scammed by this websites. What these sites do is to pay members using new member deposits. This continues until it is no longer sustainable and the site goes offline.
These sites are dangerous and risky, and it would be advisable to avoid them at all costs.
This is a difficult way to earn bitcoin. It takes a lot of time, research and money that you will need to invest in equipment used for mining.
The very first method to get your own bitcoin is through mining. Back in 2009, a reward of 50BTC was given to a person who managed to solve a problem. If you are new to bitcoin, then its best you probably shouldn’t be looking to this method.
You can generate bitcoins at home even using your personal computer. You will probably make an average of 0.00000968BTC/day which is about $0.16. This is not profitable as you would be spending about 100 times what you are making on electricity bills or cooling down your personal computer.
Most cloud websites are scams, and rarely actually use your investment to mine bitcoin.
If you are looking for a simple way to earn bitcoin online, then you can give gambling a try. There are lots of bitcoin gambling websites. Bitcoin has made the gambling experience much faster and less complicated when compared to traditional betting.
As a bitcoin gambler, you should be aware of bitcoin’s potential as well as its cons. Bitcoin gambling is less expensive. Transaction and casino fees are reduced to assure comfort of users, due to the fact that it doesn’t require transactions being handled by any third party.
Bitcoin is easily transferable, and you can transfer as much as you wish thus making gambling very exciting.
Some of the downsides of bitcoin gambling include the fact that bitcoin’s price is very volatile and gamblers can lose money quickly. Bitcoin gambling is also susceptible to hacking and thus extensive security measures have to be used.
If you are interested in bitcoin trading, then there are a couple of ways you can go into it.
Bitcoin day trading
Day trading involves the buying and selling of bitcoin on the same day, on the basis of little, short term price changes. So if you think that the price of bitcoin is going to increase, then you can buy some bitcoin and sell them off after you have made a profit. To participate in day trading, you’ll have to own or buy bitcoin.
Bitcoin contracts for difference
The idea behind contracts for difference is to buy contact for your bitcoin so that you don’t have to deal with holding or storing bitcoin.
It is a form of trading in which you forecast if the price of bitcoin will rise or fall in a certain period of time. If you are right, you win a payoff, if not, you lose your investment. This method is called binary options because the result is either win or loses, there’s no middle ground. No one can predict exactly what will happen to bitcoin price, so it’s more or less like a form of gambling.
This is a form of marketing where you promote another person’s product, and you get a pay in return for the sales you bring. It’s like collecting a commission for referrals. Affiliate marketing started around 1994, and it’s a proven, tested and reliable method to make money from any business.
Open a faucet/rotator
You can start your own faucet website, but if you do not want to go through the trouble of managing a faucet, you can also build a bitcoin faucet rotator.
A rotator is a website that allows you to move through different faucets without opening a new site or tab each time. A rotator does this quickly and efficiently. It has referral links which are embedded in the link to each faucet. The owner of the rotator earns a commission from each faucet you go through.
Rotators require maintenance as well, and since bitcoin faucets come and go pretty quickly, you will need to update your rotator at intervals. If you make a successful rotator and generate a lot of traffic, you can probably generate a nice income.
Play games to earn BTC
There are a plethora of games that don’t require any investment and allows you to earn bitcoin while playing them.
There are several other means of gaining bitcoin, but these 10 ways have proven to be more efficient than other. So what are you waiting for?! Go and start making your bitcoin.