There are several alternatives to make money with Bitcoin, here are the 10 most important useful tips. The idea of this post is to explore different alternatives to make money with Bitcoin. There is More Info to do Hold and Trading. You can implement any of them, or all, depending on your time and knowledge of the crypto market.
If you trust the potential of this money technology, being a Holder is the most promising option to make money with Bitcoin. Since your horizon will always be long term, forgetting about currency fluctuations.
A Holder is one who buys Bitcoin and forgets that he has it, betting on a strong revaluation in the medium / long term.
If you have knowledge of trading, whether in the crypto market or on the stock exchange or Forex, you can take advantage of earning money in the short term, with the purchase/sale of BTC. Even if you dare, you can exchange Bitcoin for altcoins to earn money.
There are numerous exchanges to do cryptocurrency trading. Personally, I recommend Binance for its simplicity and ease of use.
Do you have some bitcoin left over, and you don’t know what to do? You can borrow BTC and get an interest rate in return, which in some cases, can be more than interesting.
Many organizations offer this type of service, being the best known and respected: Bitbond.
Bitcoin mining is a very complex business, and you need a lot of technical knowledge to do it on your own, from the necessary hardware cost of electricity, among many other factors.
If you decide to enter this world, my recommendation is that you do it in the cloud, with some trust pool. I don’t mention any since it’s a very personal decision.
Contracts for difference (CFD) are one of the most influential financial instruments of the moment. Since they have a high trading volume, thanks to a large number of online brokers that allow Bitcoin to trade.
CFDs are instruments that replicate the value of an asset, such as Bitcoin. The main advantage is that CFDs are very liquid, and you can bet both up and down. Yes, it is possible to win if the BTC goes down.
Another method to make money with Bitcoin is by using automatic trading robots, better known as bots. There are a lot of alternatives in this market.
The bots are programs that are responsible for implementing certain activities completely autonomously. It can evaluate a certain amount of data and execute an action according to the data collected.
If you have a blog, social networks with many followers, or any other online channel with traffic. You can earn Bitcoin by recommending products/services related to the crypto world.
One of the most complete affiliate programs is that of the Exchange Binance, which allows you to earn up to 40% of the commissions generated by investors. It is paid in the native BNB Token, which you can then easily exchange for Bitcoin.
Another meth to make money with Bitcoin is through sports betting. Although it depends on chance and has a high risk, it is possible to make money with the forecasts.
Several bookmakers accept Bitcoin, the best known being 1xBit and Cloudbet.
Tip: Never forget that bets must be taken seriously, and should only be made with money that you can afford to lose. It’s the same as going to a physical casino, you always know how much back, but never how much you go out.
You can find a job that gets paid in Bitcoin, or you can charge your customers in Bitcoin for your services. More and more jobs are being paid with Bitcoin.
For example, in CriptoTendencia, workers collect their wages in Bitcoin.
Donations in cryptocurrencies have become “fashionable,” as they are very easy to make from anywhere in the world. If you have a blog or a mass traffic medium, such as a social network with many followers, you can request donations.
Donations work very well, but remember to offer something in return, such as information of interest to your readers/ followers. It can also be a useful contribution to society, you will know better than anyone else what you can do.