The king of cryptocurrencies, Bitcoin, is still a tasty morsel for crypto enthusiasts. Even despite the bearish trend, 1 BTC isn’t cheap: it costs around $3,500. Want to add some Bitcoins to your portfolio but don’t know how? Here are five interesting ways to make Bitcoin.
1. Earn Bitcoins by using your skills
If you believe that free cheese is only found in the mousetrap and prefer earning Bitcoins with your hard work, there’s a myriad platforms to help you with that. No matter who you are, you can easily find a suitable job online. Below you can see services offer Bitcoins in exchange for your work:
It’s simple: you create a Bitcoin wallet and register on such website. Perform tasks and earn BTC.
2. Trading: the best way to earn Bitcoins having investment capital
Sounds absurd, but another efficient way of BTC earning is selling. Although it sounds simple, this method requires a lot of attention, basic economic knowledge, and analytical skills. The principle of this method is buying cryptocurrency while it’s cheap and selling it at some significant price spike.
Saying that trading Bitcoins is equally efficient for everyone would be a lie. No, trading is not for the faint of heart, especially Bitcoin trading. It works quite well if:
- You do your own research and do not take uninformed decisions. Relying on one’s knowledge is better than intuition.
- You are not a panic seller. This is the most common problem among investors: as soon as Bitcoin falls by a few percent, they sell it instantly being ruled by fear of loss. Sometime later, the currency price rises and they’re left with nothing but regret. Don’t be like that. Patience is a must for successful Bitcoin earning.
- You’ve got money you can afford losing. If you spend the last penny, the panic sale is unavoidable (see point 2).
- What to start with? You can take a close look at the preferable cryptos and monitor them closely, then start exploring various exchanges. The most highly recommended platforms are:
If you get lucky, you will earn Bitcoin fast. If you’re a newbie, start with Binance – it has a comprehensive interface and simple tools. As you gain experience, move toward more advanced crypto exchanges for tech-savvy users.
3. How to earn free Bitcoins? Lend money!
Sharing is caring. And if you preferred keeping your Bitcoins, maybe it’s time to change the strategy? It can appear to be profitable. There’s a myriad of P2P Bitcoin lending platforms allowing you to get free Satoshi without much effort. They offer a generous 12%-18% ROI in the form of BTC.
But before you rush to share your tokens, please analyze and monitor the platforms. This sphere is totally unreliable: the risk that borrowers can disappear with your money is very high. Select the borrower carefully and read the platform policies to ensure they take care of user safety.
Alternatively, you can lend BTC directly to some of your acquaintances. This way, you exclude third parties, and you both agree on the interest rate. The main drawback of this way is that, most probably, you can’t boast having friends who: 1) Know what BTC actually is, and are truly interested in the Bitcoin earn / buy / sell process; 2) Will meet your requirements. Anyway, it’s a nice option for earning Bitcoin.
4. Knowledge is power
Friends call you a human encyclopedia? Do you like helping people? Then make it your best way to earn Bitcoin! This approach is very unusual and quite a new one, but no financial investments are needed. You should conduct proper research – that’s it. Bitfortip is a website and application that pays in Bitcoin for helping people by giving them pieces of advice or answering their questions.
There, people can ask for anything, and users proposing their answers are given a Bitcoin reward for help and information. The platform is already available in 11 national languages, and any person can join it.
Practice shows people might have weird or unusual requests:
So if you want to get BTC without breaking a sweat, consider this platform.
5. Faucets: earn Bitcoin easy-breezy
One of the ways to earn Bitcoins is doing minor tasks. Bitcoin faucets are the right spot for that. Wonder what it is?
Bitcoin faucets are apps or websites that make minor Satoshi rewards for users. Visitors need to complete tasks listed on the website. Some faucets also provide altcoin tips.
What kind of tasks do users usually perform? They solve captchas, play games, click on ads or watch videos. For every task done, they earn Bitcoin.
One of such faucets is Bittube: there, you earn Satoshis for viewing YouTube content. Other popular Bitcoin faucets can be found here.
Is it an efficient way of earning crypto? Well, it’s not profitable for people who have a normal job. The reward is so minor that it’s hardly worth your attention.
Bonus: Casinos and sweepstakes
Sincerely, I’m not into gambling – this is too risky. However, if you ask me how to get free Bitcoins with maximum joy and fun, playing slots would be the most evident answer.
Bitcoin casinos work exactly the same way as regular online casinos do. They offer various slots, roulettes, poker, and other games. You add funds to your account (Bitcoins, of course), and play. That sounds like one of the simplest ways to earn Bitcoin, but do you consider yourself so lucky?
We all know that blockchain-based dApps and smart contracts eliminate the risk of data forgery, but here’s the trick. Blockchain-based casinos and Bitcoin casinos are not necessarily one and the same! It means, a regular online casino can implement Bitcoin payments, but it doesn’t mean there’s blockchain technology underlying the platform. Therefore, you cannot be sure that the game is fair. Oppositely, blockchain-based casinos can operate smart contracts and use traditional fiat currency for payments, though they are supposed to be more reliable for players.
We will not mention Bitcoin casinos here – if needed, you can monitor the Internet and do your own research.
How to get Bitcoins for free if you rely on your luck but don’t like gambling? Try the FreeBitcoin website: it offers a Bitcoin lottery. Registered users can participate every hour and try to win BTC worth up to $200. All you need is to enter a captcha check and roll the roulette. Depending on the number displayed, you earn some minor or average amount of Bitcoin. Of course, most times you get a few hundreds or thousands of Satoshi (which is even less than $1). However, there is nothing to lose, and such method to earn Bitcoin online seems to be unoffending.
Is mining still relevant?
Many people still believe that BTC mining is still the easiest method of earning crypto. Practice shows it’s already not profitable for a regular user. The difficulty of computations has risen so much that a usual mining rig is not enough for making any substantial profit. Even if you buy a juggernaut ASIC and join a mining rig, no one can promise it’ll compensate your expenses.
If several years ago, smartphone and computer mining would earn real Bitcoins, today this method is not as profitable as before. Probably, if you have money to spare, traditional crypto trading will make you more money.
How to make Bitcoin online? There are a few interesting ways to earn Bitcoins online – all differ. Some of them are quite risky. But while the profitability of gambling totally depends on your luck, trading is something that requires knowledge. You must have enough experience to understand how to get Bitcoin via trading.
No matter which strategy you prefer, you should always double-check the platforms where you are going to buy or earn Satoshi. Make sure that you work with reliable websites that make fair payments and provide agreeable conditions. Reviews and feedbacks will help you make the right choice.