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If you're looking for a way to earn Bitcoin, you're in the right place. This article will tell you 10 different ways you can earn Bitcoin and other online cryptocurrencies. Just remember that I said to make money anyway. These are not tributes and you will have to contribute something, whether it's your time, the processing power of your computer, or something else.
You will find that some of the methods I give you below are both quick and simple, but they also offer very low returns. Other ways will produce more cryptocurrency, but will also require more work or a thorough understanding of cryptocurrencies and market forces.
This shows why the idea that cryptocurrencies are easy money is actually a misconception. As is true in almost all industries or sectors, those with detailed knowledge will have the best chance to collect the biggest prizes.
If you're looking for ways to earn cryptocurrency online, look no further. You can also start with the simplest methods, and as you gain experience and knowledge you will move on to the most difficult but most profitable ideas.
How to earn Cryptocurrency: paid websites
As you can probably guess from the name, these are websites that pay you in cryptocurrency to view advertisements or to click on other websites. Note that while there are many of these sites available, they all have one thing in common. Everyone is paying a pittance for clicks and views.
And it does not matter if you choose sites that allow you to click on new ads after 5 seconds or those with longer ads that may only require clicks every 30-60 seconds. None of them will produce more than a few dollars a day, and probably much less than they will soon be bored by the endless click.
How to earn cryptocurrency: cryptocurrant taps
The cryptocurrency taps started with Bitcoin, and at that moment they were simply a way to spread the word about cryptocurrencies. The first users used them to distribute small amounts of Bitcoins to attract the attention of others to the new form of digital asset.
Today cryptocurrant taps are still being paid, but amounts are always lower and users are required to view click ads or sometimes complete surveys.
Faucets now have affiliate programs to earn from the clicks of others, and tap rotators that will allow users to navigate quickly and easily from one tap to another. Even with all these elements you will not earn more than a few dollars a day from cryptocurrant taps.
How to earn Cryptocurrency: Micro Jobs
These are small, quick and easy to perform jobs for tiny cryptocurrency payments. They are probably the easiest way to make money, but this is more than compensated by the fact that they pay less too, and they are the most time-consuming method for online cryptocurrencies.
Websites like Coinworker offer small cryptocurrency payments for activities such as testing a plug-in to see if it is compatible with a browser or even something as simple as retweet a post. You will not receive huge payments, but they could be better than the sum earned on sites and pay-to-click faucets.
How to earn Cryptocurrency: write about Cryptocurrencies
If you have some knowledge of blockchain and cryptocurrency technology, and you are also enthusiastic and curious about the industry, you could be paid to share your knowledge by writing about cryptocurrencies.
The amount you can earn varies and is partially at the height of your negotiation skills and your experience as a writer. It can be a profitable venture even if you are an expert and a solid writer. In fact, the more experienced you are and the more writing skills you have, the more you can do.
Currently there are a large number of blogs and cryptocurrency news sites, and those are constantly increasing. One thing that everyone has in common is the need for good content. This could provide unlimited opportunities to earn through your writing, and the best writers can earn up to $ 100 per 1,000 words.
And most of these websites and blogs are more than willing to pay you with Bitcoin, Ethereum or other cryptocurrencies. A simple search for cryptocurrency writer on Google will find you dozens of jobs quickly.
How to earn Cryptocurrency: BitcoinTalk Forum Signature Campaigns
If you are a member of the BitcoinTalk forum you can receive a payment as part of their Signature campaigns.
These writers pay to post on the BitcoinTalk forum and get paid. Payment levels depend on the level of enrollment, while more experienced members have offered higher pay. Generally, you need to be a full member to participate in signing campaigns.
There may be other requirements for each campaign, such as a minimal word count, or that no advertising can be included in the post. You can also come across campaigns with a minimum weekly post counting requirement.
The amount of money you spend will vary depending on the number of campaigns currently running and the number of quality posts you can make each week. Some currently published campaigns will pay up to $ 70 for a quality post. Others can pay a minimum of $ 1 per post.
There are also companies that can offer additional size money for publication on social media. This can mean tweeting on Twitter, posting on Facebook or creating YouTube videos. Payment is often linked to the number of followers you have, so building your social media profiles can be helpful in this regard. Usually with the bounty campaigns you are paid after the ICO ends and usually the token or coin of the company that is promoted is paid.
How to earn Cryptocurrency: affiliate marketing
If you plan to follow the cryptocurrency writing path, you might consider the idea of starting your blog or website. If successful, you will have the opportunity to earn significant revenue through affiliate marketing in the cryptocurrency space.
Affiliate marketing is when you are paid a fixed rate or percentage of sales to bring customers to other websites. A popular blog post could get hundreds of thousands of views, making affiliate marketing an almost unlimited source of commission income and one that could last for years and years if your posts remain high in search engine results.
How to earn cryptocurrency: provide cryptocurrency services
In terms of cryptocurrencies, if you have experience from a technical point of view, there are almost unlimited possibilities of being involved in the development side of things. Since most projects in the cryptocurrency sector are start-ups and the technology used is quite new, there are openings for almost every type of programmer or web designer, as well as other openings in the technical, marketing and business aspects of technology. blockchain.
Depending on the size of the project and the size of the role, these jobs can be anything from short-term contracts to long-term distance jobs or even full-time positions. The earnings for these roles are obviously on a large continuum and depend on factors such as your experience and skills, the number of hours you will spend on the project and the role you will play.
How to earn Cryptocurrency: Cryptocurrency Lending
The cryptocurrency loan is a fairly new area with significant earning potential, but also with significant risks. Any cryptocurrency loan works through blockchain projects that provide escrow services, but no money back guarantee. Act as lender on these sites, which are similar to the more traditional peer-to-peer loan sites like Prosper, Lending Club and Upstart.
The interest rate is set when the cryptocurrency is used and interest payments are generally made in cryptocurrency. Since this is an unregulated market, you will be able to charge higher interest rates than you would get if you loaned fiat money through a regulated loan platform. This gives you the opportunity to get very high returns.
Of course the unregulated status of these new loan sites also means that you can not appeal if the borrower chooses not to repay the loan. Because of this risk and the volatility associated with this type of loan, it is mainly for holders of larger cryptocurrencies that can absorb a certain level of losses. It is however a very interesting area of development, especially given the potentially high yields.
How to earn Cryptocurrency: Cryptocurrency Mining
Those who soon joined the cryptocurrency revolution have made huge amounts of money through the extraction of Bitcoin and other cryptocurrencies. Although it is not so easy to extract Bitcoin these days, it is not really worth it unless you have one of the very powerful specialized ASIC machines, you can still make money by extracting other cryptocurrencies.
When you look at the earnings made by Bitcoin, there is no way of knowing if any other cryptocurrency will earn 10,000% or more, which could make your mining efforts very profitable. I do not think that you will see the types of gains that the Bitcoin miners have seen previously, but you could get a respectable profit resulting from a constant extraction if you have another cryptocurrency peak similar to that recorded at the end of 2017.
Remember, the extraction of Bitcoin may not be profitable at this point in the evolution of cryptocurrencies, but the extraction of other cryptocurrencies is, and therefore you can earn from cryptocurrencies in this way, and perhaps much more than what you could imagine in the long run. Bitcoin has only been around for 9 years and looks at the gains made there. Who knows what could bring the next 9 years to cryptocurrencies.
How to earn Cryptocurrency: Cryptocurrency Trading
I have saved the one with the greatest potential for earnings for the last, although it also has the greatest potential for losses due to the volatility of the cryptocurrency markets.
Cryptocurrency trading requires a fair amount of skills, a good understanding of cryptocurrencies and market forces, a bit of luck and a strong will. It's not for everyone, but if you can find success you can make a large amount of profits by trading back and forth in various cryptocurrencies. After all, there are no other markets able to see shifts of 10-20% or more every single day.
If you intend to negotiate cryptocurrencies, the first thing you need is to start with a Bitcoin quota, since the only currency with which many cryptocurrencies trade is Bitcoin. You can buy Bitcoin in any of these exchanges that accept legal currencies for purchases. Once you've gotten some Bitcoins and transferred them to a trading exchange, you have several ways to get going:
Day of trading
This is one of the most common ways to exchange cryptocurrencies, but it requires strong nerves and a deep understanding of the cryptocurrencies and the markets in which they operate. It is also good if you are able to move in and out of coins quickly and know where to find the latest news regarding different cryptocurrencies. The daily trading of cryptocurrencies is certainly not for everyone.
Trading bot
Trading bots are considered a good automatic way to earn cryptocurrencies through trading, but it is not even for the faint of heart. The best method is to code your trading bot, because the use of bots encoded by others can lead to unwanted consequences. You have no idea what could be encoded in a bot that someone else coded, so you might not know what market conditions could break the bot and this could lead to huge losses in a short period of time. There are several popular robots that operate on the 24/7 market, but I leave it to you to investigate yourself and make the decision whether or not the trading robots are for you. Some platforms that you might look at are CryptoTrader, 3Commas and Cryptohopper.
Contracts by difference
These are specialized contracts in which you negotiate with the broker offering the CFD. When using CFDs, you never have any cryptocurrency at any time. A useful feature of CFDs is that you are able to reduce cryptocurrencies using CFDs, which is something that can not be done with any of the cryptocurrencies, with the exception of Bitcoin normally. This can help you alone or allow you to create hedges to minimize the risk during the purchase of cryptocurrencies. The downside of CFDs is that you do not own any cryptocurrencies, so it's only useful as a trading tool.
Binary options
Binary options have been created fairly recently and cryptocurrencies have been a natural addition to this specialized financial derivative. Binary options take their name from the fact that there are only two results: you are correct and you win, or you are wrong and you lose the entire investment. Returns on binary options can go up to 300%. Recently we reviewed IQOption, which is the largest binary options platform in Europe.
In conclusion
Although this list may not be exhaustive, it's a great start for anyone interested in some of the popular ways to earn online cryptocurrency. As with anything in life, nothing is free, so you can expect that you will have to give something in return for your cryptocurrencies, whether it be time, experience or computing power.
The good news is that the interest in cryptocurrencies continues to grow, and the need for knowledge and expertise regarding cryptocurrencies continues to expand along with this interest. Now it's still a great time to earn cryptocurrency before the next big boom in the market comes along.
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