How to earn Bitcoins? 5 simple and proven methods

By
Tokeneo
-
2 min reading

The interest in the cryptocurrency bitcoin is still growing and its course has been solid for several years. From the moment bitcoin money was put into motion until now, its value has increased strongly. This is the right time to start investing, because the effects can be really surprising. So, learn a few ways to earn bitcoins.

earn bitcoin btc

Bitcoin Mining

Excavating bitcoin, or so-called mining, is a long and time-consuming process. It consists mainly in searching for the appropriate sequence of characters, called hash. This process is based on statistics, however, the number of possible combinations is so large that the calculations are performed by special machines, called excavators. Bitcoin mining therefore requires an investment in expensive equipment, which generates considerable maintenance costs. At home, this is moderately cost-effective, a good solution is to join a large bitcoin mine pool.

Earn bitcoin by advertising

There are several websites that pay for watching ads. Although the earnings are not very high, this way of earning bitcoins requires neither financial contributions nor hard work. It's called bitcoin faucets. All you need to do is to have the browser with the advertisement turned on and confirm your presence by entering the CAPTHA code. Once you have reached the minimum amount, you can withdraw the profit. The best results are achieved with systematic action. The second way to earn bitcoins on ads is for website owners. Commissions on ads placed on websites can be paid in bitcoins. Thus, the more clickable ads and traffic on the site, the thicker the virtual wallet! But remember to be safe and protect your bitcoin wallets!

Salary in bitcoins

One of the most stable methods of earning bitcoins is to get paid in this cryptocirrency. This method is mainly intended for people who provide specialized services on the Internet, i.e.: copywriters, graphic designers or web developers. This method does not require a financial contribution, so it carries no risk. You can also earn money from establishing cooperation with companies and recommending their services. If the person to whom the service/product is advertised takes advantage of the offer by logging in from a given link, the referrer's account is credited with a bitcoin commission for advertising the service. In this way, the products/services related to the crypto are promoted - wallets, exchanges or even books.

Read also: Airdrops - what is airdrop and how it works?

Investing on crypto exchange

In this case, you will need to be able to move around the stock market and to think and predict logically. This is quite a risky way of earning bitcoins, because you can never be sure of profit. When buying bitcoins at a low price, they are sold when their value increases. This method requires patience, but by investing in a crypto market, many people have made a fortune. It is a way for those who are determined and able to plan their long-term earnings.

Earn by lending bitcoins

This method is mainly about earning interest. However, it requires several formalities to be completed. First, you have to register on a suitable platform, where you need to confirm your identity. This is done during a conversation with the designated agent, to whom a valid identity document must be presented. This way of earning bitcoins is to subsidize small and medium-sized companies with your bitcons. As you know, bitcoins can be invested on a global scale. The profit is the share of the growing interest, calculated on the contributed capital. The risk of such an investment is small, because the borrower is obliged to return the borrowed capital and interest.

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