There are quite a few ways to earn Bitcoin online, and they are all unique in their own ways. Bitcoin as you know, is money in itself. Its therefore pertinent to sound an earlier warning here that there is no free lunch any where and so you might just be skeptical of websites and people enticing you with free bitcoin (Money) on the internet.
You could earn satoshi (1/100,000,000 Bitcoin) working for hours on some bitcoin faucets but that may just be tantamount to a waste of time and even electricity in the long run.
Here are our Top 10 ways of earning Bitcoin on the internet in the year 2017
1. Earn Bitcoins by accepting them as a means of payment
Just like Fiverr and Upwork, websites like Cryptogrind and the likes provide a platform whereby freelancers can offer services like website designing, Translation services, Video editing etc and the service provider can offer to accept payment in Bitcoin.
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2. Earn Bitcoins through trading or short selling
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. Imaging buying 10,000 bitcoin at the fraction of a penny 7 years ago at about $50 which is now worth more than $65 Million at today’s Bitcoin trading price. Trading Bitcoin could also be done by day Trading, Contracts For Difference (CFDs) & Trading Binary Options
3. Earn Bitcoin by writing for news sites and blogs
If you think you have enough knowledge to contribute about Bitcoin, you can always become a writer for a blog or a news site. Many sites need to fill up a daily quota of posts, and they are desperately looking for writers.
4. Supply Bitcoin-related services
This category is a bit broad, as it includes every possible Bitcoin service that you can think of that someone would pay for. Some examples for services people are looking for include Blockchain developer, Website manager, Graphic design expert, Mining expert, Online marketer, etc.
5. Mine Bitcoins
Mining Bitcoin has become less attractive unlike what was comparable some years back in the early days of bitcoin. It takes a lot of time, research and money that you’ll need to invest into mining equipment to generate very few satoshis (1/100,000,000 BTC) a day so it might not be the best way of earning. Read here more on our previous article on how to Mine Bitcoin
6. Bitcoin affiliate marketing
The idea of an affiliate program is that you promote someone else’s product and they pay you in return for sales you bring in. TREZOR (A Bitcoin wallet for cold storage) is an example of product that can anyone can become an affiliate for.
7. Earn Bitcoin by answering questions
The idea of the website is simple, someone posts a question with a reward. Whoever answers the question best gets the reward. An example of a website offering such a platform is bitfortip
8. Earn Bitcoin as a regular income
Getting part/all of your salary in Bitcoin is another way of doing this. Bitwage is a company that supplies a bank account to workers in any country who receive wages and business disbursements from the US/EU/UK and then pays them out in Bitcoin. This way if you work at any job that can pay to Bitwage’s account you can get your salary in Bitcoin. You can also choose to only have part of your salary in Bitcoin and the rest in fiat currency.
9. Earn Bitcoin by Opening Bitcoin Faucets or Pay-To-Click (PTC) Websites
This may end up as a time waster for you and so you might just want to consider the little merits of earning few satoshis (1/100,000,000 BTC) a day to the dis-merits of staying all night close to your computer and receiving pittance which might not even add up to the electricity bill your computer consumes.
10. Earn Bitcoin by Joining Peer-To-Peer Lending programme
This is by far the best way of accumulating Bitcoin in your Bitcoin wallet. The lender could end up gaining as much as 1000% of the initial capital lent out to the borrower. There are recommended P2P lending programmes which have withstood the test of time. Bitconnect ( A self-regulated financial system) is a leader in this industry. You lend out your money to a trading bot and you receive a daily % directly in your bitcoin wallet.
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