Currently, there are many ways to make money with Bitcoin, each way will have its pros and cons, it will suit each different trader, you can choose the right way for yourself to start making money with Bitcoin as suggested below.
1. Why should you be interested in Bitcoin trading?
★ The future of the global payment system
Bitcoin and blockchain technology are predicted to become the future of payment in the world, similar to PayPal or VISA.
★ The limited number of Bitcoin reduces the risk of inflation
The maximum number of Bitcoin worldwide is only 21 million BTC units. Therefore, Bitcoin is one of the best sources of asset protection.
★ Simple Bitcoin transactions
Trading cryptocurrencies is simpler than you think. Once you choose the right platform, you can trade Bitcoin within 5 minutes.
2. The best way to make money with BTC
a. Earn Free Bitcoin With 5 Methods
Bitcoin Faucet
Bitcoin Faucet is the easiest way to have Bitcoin free. There will be websites that allow you to receive a small amount of Bitcoin in the form of satoshi (the smallest unit of Bitcoin). You have to complete the tasks from the given website such as captcha typing, watching videos, or clicking ads. The number of BTC will be returned to your wallet on the website, after receiving a certain amount of BTC you will be withdrawn to your Bitcoin wallet.
Some of the best free Bitcoin earning sites today are:
- Cointiply
- BonusBitcoin
- Bitcoinker
- FreeBitcoin
- Blockchain Poker
- BitFun
- SatoshiLabs
- MoonBitcoin
Play game
This is also a popular way to earn Bitcoin. There will be new games released and they need more people to download and play games to make the game more popular. Your job is simply to have a phone and download these games, then sit and play. After completing the task, you will receive a certain amount of BTC.
Airdrop and Bounty
In the past 2 years, making money through Airdrop & Bounty has been very popular worldwide. This way, you can get more money than the above two ways. Your job is simply on a mission.
Airdrop and Bounty are known as the marketing campaigns of cryptocurrency projects. These projects will require you to perform tasks such as sharing project information on Twitter, Facebook, or Telegram. After the campaign ends, they will pay you for the project's coins, of course, there will still be airdrops they pay with BTC, ETH or other coins.
Signature campaign on Bitcointalk
Bitcointalk is the world's largest discussion forum about Bitcoin and cryptocurrencies and is also the first crypto forum. Here you can search for all information about coins. On Bitcointalk you can put "signatures", a paragraph of text, images, .. just below your posts. And most cryptocurrency projects have this "signature campaign," your job is to simply use the signature to promote that project and get paid for each post.
However, to be able to earn BTC with this form, your Bitcointalk account must be at a certain level. You must be an official member and have at least 120 posts
Affiliate Marketing
This is probably the form that can help you earn the most Bitcoin. Cryptocurrency projects or special exchanges always have this program for users. They will provide you with a link to invite others to sign up to join. When that person registers through your link and trades, you will receive a "commission" or bonus from that floor or project.
b. Make money from trading Bitcoin
Short-term margin trading
This is also a simple way to earn Bitcoin. With just a little cash, you can open a much bigger deal. Moreover, in margin trading, you can be a buyer or a seller. You only earn from the difference between increases and decreases.
Transactions per day
This is a faster way to earn BTC. This is a trading strategy where investors buy and sell orders several times a day. The high volatility of Bitcoin is the ideal condition for intraday trading, as you can make the most profit.
Bitcoin Mining
Cryptocurrency mining can be harder than other ways, but it can be more profitable when you mine successfully.
Although the mining process can be done from a computer, you still need basic software, specific hardware, a crypto wallet, and a good electrical network. For most people, cryptocurrency mining is a highly specialized industry that is not suitable for individual investors.
Long-term investment
Long-term investment means buying low and selling high. Instead of trading BTC, you hold it and wait until the price rises to sell.
The prerequisite condition of the long-term investment is that you have to research and believe that the cryptocurrency you invest will surely grow in the future.
While there are many different types of cryptocurrencies, we recommend choosing a safe and highly liquid currency, such as BTC, LTC, and XRP.
Investment in ICO
ICO means Initial Coin Offering, similar to raising capital from the community. ICOs have a lot of pitfalls. You need to be careful in choosing the right ICO. If the ICO coin is not of great value, you risk losing your money.
With this article, VakaFx hopes that you can find the best way for you and can quickly earn money from Bitcoin!
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