If you’re completely out for how to earn from Bitcoin cryptocurrency, this post will guide you through the ways you can earn bitcoin online without doing investment of any sort – even if you don’t really know much about how to earn from cryptocurrency.
Now let’s dive straight to the reason why you’re reading this post to see all the legits ways you can earn bitcoin online anytime.
5 Secrets Ways to Earn bitcoins and cryptocurrencies fast
1. Mining Bitcoins
Let me be truthful about this option of earning bitcoin. It’s just not a good way to make money with bitcoin.
If you’re a starter in the cryptocurrency world, don’t even think of going through this angle, because you will spend both time, money and resources – lots of good research is required to make money with this option.
There are still ways to earn bitcoin without mining.
Undoubtedly, you can actually generate some bitcoin, but if you use bitcoin mining calculator, you’ll see that you’ll be making just 0.00000968BTC on daily basis (i.e. $0.0043), and spending perhaps 100x that on electricity bills or cooling down your computer (in hopes it doesn’t get ruined in the process).
2. Gambling for Bitcoins
This one doesn’t really need much explanations, as there are many gambling websites on the internet set to allow you stake your money for a chance to win a pot.
3. Bitcoin Trading
This is simply the act of buying and selling bitcoin to make more profit in bitcoin. But if you’re a newbie, i will advice you first of all, try to research to understand how the market moves before making any serious trade with your bitcoin investment strategies.
However, there are many types of bitcoin trading, and they are; Day Trading, Swing, CFD (Contract for Difference) and Binary Options.
Day trading of cryptocurrency is when you buy an altcoin with your bitcoin to sell it when the price goes high on the same day, in order to make profit from the short-term price fluctuations.
This is buying assets (cryptocurrencies) for a long-term holding (known as HODLing), and that’s mostly on yearly basis – to make profit. This can actually make you a huge profit for your bitcoin investment.
It’s more like day trading, but the difference is that you don’t buy the actual asset (bitcoin) – you buy CFDs (i.e. contracts) of the asset through a broker, to sell it later when the price goes down to make profit.
This one falls under win or loss. It’s another form of gambling though, but you predict if the market price or a token will go high or low in a specific time.
If the prediction goes in your favor you’ll win the payoff; if you’re wrong, you loose your bitcoin investment.
4. Bitcoin Lending
As one of the bitcoin investors, you might have earned some bitcoins from other ways and wish to multiple it.
Well, this is yet another way (though no longer trusted) to earn money online.
The whole idea is very simple – you lend out bitcoins to borrowers for their cryptocurrency trading projects on a bitcoin investment site like; BitBond, BitJam and Loanbase to get your investment back – plus an interest after a specific period of time.
5. Micro Earnings
This is prolly one of the easiest ways to earn bitcoin fast online, but the downside is that it’s time consuming.
No matter how much time you devote to this niche, you may never make substantial income.
The amount you can always earn from this source is always irrelevant to the time spent altogether.
Example of things that fall in this category are; Paid-to-Click (PTC) websites, Bitcoin faucets and Online micro jobs.