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7 WAYS TO PROFIT FROM BITCOIN

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7 WAYS TO PROFIT FROM BITCOIN
TABLE OF CONTENT
1. INTRODUCTION 01
2. HODLING 02
3. AFFILIATE PROGRAMS 03
4. GETTING PAID IN BITCOIN 04
5. TRADING 06
6. FAUCETS 08
7. MINING 10
8. CRYPTO SAVINGS ACCOUNTS 12
9. BONUS: 15

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7 WAYS TO PROFIT FROM BITCOIN
INTRODUCTION
Investing in bitcoin is one of the smartest decisions you can make
because if you do it right, you can quit your day job and earn as
much as you desire monthly. Countless people have taken the same
route and seen great returns. You can too!
You simply have to learn and understand how everything works.
Master the best techniques and see the results you desire.
To achieve the desired outcome, invest your time as well as energy
into the process and be patient.
We will cover the top 7 ways you can make money from Bitcoin and
meet your financial goals.
Let’s dive in!
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7 WAYS TO PROFIT FROM BITCOIN
HODLING
Buying and holding is the easiest method to make money with
Bitcoin. Anyone can do it despite their trading experience. It’s
simply straightforward. You get a wallet, buy BTC, keep your fingers
crossed, and your eye on Bitcoin price hikes. However, you may
have to wait for a couple of weeks, months, or even years before you
see significant results. Nonetheless, you can make nice profits when
you cash out at the next cycle.
Avoid scams, ensure security, and buy from reputable platforms. For
example, Coinbase, Binance, or Robinhood.
If you don’t want to wait and think holding takes too long, you can
start lending. Join platforms that allow you to do so. The best part
about lending is that you earn interest every time you lend your
BTC. Be on the lookout for important information when choosing
the platform to work with. For example, are they insured? And will
you be able to get your BTC back in case something bad happens?
The best platforms are insured and offer the best customer support
just in case you run into complications.
Anyone can get started with crypto lending. You don’t need to have a
high-income source or bank account to begin. The process is simple,
safe, and fast. You only need to provide your ID. You also get to
customize your loan terms and get your loan approved within 24
hours.
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7 WAYS TO PROFIT FROM BITCOIN
AFFILIATE PROGRAMS
You can also join Bitcoin affiliate programs. Identify reputable ones
and work with them. Receive a BTC commission when someone
signs up or makes a purchase using your referral link. This is a great
way to increase your earnings. So, sign up for a Bitcoin affiliate
program, complete your profile, add your Bitcoin address which
you’ll use to receive earnings, and get a referral link.
Add it on your website and across social media profiles. Promote to
your YouTube subscribers, Facebook community, Instagram
followers, and so on. If you already have loyal followers you can
quickly and easily meet your goals. If you are a blogger or content
developer and have a great number of loyal fans, advertise to them.
They already trust your content and advice so generating more
clicks and purchases is not going to be a hassle.
Ask people to join the affiliate program using your referral link. The
more people you reach, the more bitcoins you’ll earn. You can also
run ad campaigns and reach a bigger audience. If you have average
writing skills, you can start a blog, teach your followers about
bitcoin, and help them make money. Add your affiliate links on your
site and within your content. Make sure you mention that they are
referral links and you get a small commission each time someone
clicks on it or makes a purchase via the link.
The most reputable programs to look into are; Coinbase, eToro,
Crypto Hopper, Binance, and Paxful.
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7 WAYS TO PROFIT FROM BITCOIN
GETTING PAID IN BITCOIN
If you are a freelancer or entrepreneur you can earn profit by
incorporating bitcoins into your payment methods. Accept
cryptocurrency as a payment method for certain services you offer
or products you sell. Most business owners are doing it plus a lot of
people prefer working with businesses that allow them to use
whichever payment method they are comfortable with. So, give your
customers different options.
Post on your business pages as well as your storefront that you
accept bitcoin. This is a great way to avoid bank transaction fees,
speed up the payment process, and reach more people despite their
geographical location.
To get started, get a Bitcoin wallet. Sign up with a crypto exchange
platform. Choose the best wallet for your business, securely store
your private keys, and start receiving crypto payments from your
clients. If you run an eCommerce store, you can still accept bitcoins
from customers using the most popular platforms like Shopify.
To succeed, keep a few things in mind before you begin. Reflect on
the most important questions first. For example, is cryptocurrency
right for your business? Do enough research to make the best
decision.
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7 WAYS TO PROFIT FROM BITCOIN
A few things to remember is that cryptocurrency transactions are
non-reversible, you may have to wait longer to see results, and
exchanging crypto for cash can be a challenge. But don’t let that
discourage you. If you use the best trading techniques, you can
succeed.
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7 WAYS TO PROFIT FROM BITCOIN
TRADING
This is another great way to make lots of money especially if you
invest in your trading education and give yourself time to
understand how the entire process works. Meaning, you have to
understand all the trading tools you are using and be able to analyze
Bitcoin price to succeed.
The two methods of analyzing Bitcoin price are Technical analysis
and Fundamental analysis. Technical analysis is when you study
market statistics and price trends to predict what will happen in the
future. Fundamental analysis focuses on Bitcoin as a technology, its
value, technical developments, the latest news that can affect the
currency, and so on.
You can trade the whole day and exchange your local currency into
digital currency. To succeed, you have to constantly keep an eye on
the market. This means you have to know the ideal time to buy and
sell. For example, you can buy Bitcoin when the price is low and sell
when it rises.
Choose your preferred style of trading to get started. You can go
with Swing trading, Scalping, or Arbitrage. Swing trading allows
you to buy low and only sell when your holdings increase in price.
This means you hold your trading position for days even months
until you reach your aim. Scalping is when you constantly analyze
the market and take advantage of money-making opportunities. You
aim to make fast and small profits via short and quick trades.
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7 WAYS TO PROFIT FROM BITCOIN
When you understand which style of trading is best for you, decide
on your trading strategy. Make sure you do enough research to
avoid too many losses and ensure success. One of the most common
strategies traders prefer is margin trading. This is when you
borrow and trade with more funds than you have. Use leverage
whenever you see or think Bitcoin price is going to rise within a
short space of time. You can make a lot of money here. Just join
platforms that allow leverage trading and enable you to borrow as
much as you need.
Use short selling to avoid losses and ensure at least a small profit
from downtrends. Short selling is when you borrow Bitcoin using
your collaterals and use a different currency to sell. This allows you
to buy back your BTC and pay back the same amount you borrowed
if prices go down.
It’s easy to get started. You simply open an account on a Bitcoin
exchange of your choice, verify your identity, deposit money, open
your first position, and start trading. When opening your position,
you can either choose to go long or short. If you expect the Bitcoin
price to rise, go long. If you expect it to fall, go short. This will help
you to avoid losses and ensure profits.
You can easily cut a loss whenever you want to and close your
position when you are satisfied with your profits.
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7 WAYS TO PROFIT FROM BITCOIN
FAUCETS
Become a faucet user and earn money or build your own
cryptocurrency faucet. You can join crypto faucets or websites to
earn Bitcoins. You get paid for completing various tasks such as
playing games, completing surveys, watching videos, watching ads,
and so on. This is an excellent way to earn free coins and can be
quite profitable. However, you have to identify and join reputable
faucets to reach your goals and avoid scams.
Some of the best crypto faucets to look into are Free Bitcoins,
Bitcoin Aliens, and Moon Bitcoin.
You can also build your faucet and make money by selling ads. You
can make $2000 or more per month from your site. You just have to
invest enough time and effort into it. Building your faucet is quite
simple and straightforward. First, get a domain name and hosting
from reputable companies like Dreamhost or Siteground. Use
WordPress to set up your site.
Install the Bitcoin faucet plugin through your dashboard, activate
the plugin, and get started. Customize as needed and complete all
the necessary steps such as filling in the required details under the
‘General’ tab as well as the ‘Payment’ tab.
Choose the best micro wallet payment processor service for
payments and create an account. Add your website URL to your new
account.
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7 WAYS TO PROFIT FROM BITCOIN
Monetize your faucet by running ads. Work with the best networks
such as Propeller Ads or join profitable Bitcoin ad networks like
Coinad for higher profits.
Protect your faucet from scammers by doing enough research on the
subject, taking the necessary security measures, and implementing
the best practices.
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7 WAYS TO PROFIT FROM BITCOIN
MINING
Next, become a crypto miner. Receive coin rewards when you solve
complex math puzzles. The faster you solve problems and the more
tasks you complete the more coins you earn. A lot of companies are
reaping benefits and making lots of profit from mining crypto. To
enjoy the same benefits, you can purchase a mining rig or build your
own.
Depending on your budget, you can own a mining rig and begin
making profits right away. Costs start from $1000 upwards.
However, it’s worth the investment.
Use cloud mining and work with cloud mining companies if you
don’t have enough capital or aren’t willing to take the risk. You don’t
have to buy any hardware or worry about running costs to get
started. Simply hire their equipment remotely for a specific amount
of time and start mining. You are charged based on your hash rate
or processing power. Hence, to receive more coins, charge a higher
hash rate.
You may have to wait several months before your investment
becomes profitable. Depending on the company you choose, what
you mine, etc.
The best cloud mining companies to look into are Genesis Mining,
Hashing24, HashMart, and Crypto Universe.
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7 WAYS TO PROFIT FROM BITCOIN
A few things to bear in mind when choosing the best company to
work with are; the customer base, reviews, as well as available
contracts. For example, reputable providers have a large customer
base and excellent reviews. So, pay attention to the number of
positive reviews and ratings that each has. Also, make sure you
understand the contract before signing. For example, stay away
from companies that promise you overnight success and stick to
ones that highlight that it may take time for your investment to pay
off.
Consider price as well. For instance, if you are running a tight
budget, can you afford their equipment? Is there a better
alternative? Compare three or four providers and go with one that
allows you to meet your goals while working within your budget.
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7 WAYS TO PROFIT FROM BITCOIN
CRYPTO SAVINGS ACCOUNTS
Open a crypto-saving account to boost your earnings and make
profits. Deposit money into your account and invest in bitcoin. Your
cryptocurrency gets loaned to borrowers and you receive a
percentage of interest in exchange. The best thing about having a
savings account is that you can start with a small amount of crypto.
You can also earn up to 8 percent on your first investment.
Depending on the platform you choose, you can either get paid
weekly or monthly.
As mentioned earlier, the best way to succeed and avoid losses is to
learn more about the method you use or the strategy you
incorporate. So, in this case, understand how crypto savings
accounts work, know the risks involved, and then decide whether or
not it’s right for you. If you are willing to take the risk, remember to
keep a few things in mind. For example, your investment may
decrease in value which will result in you losing money. Crypto
savings accounts do not have FDIC insurance which means if your
provider goes out of business there is no guarantee that you will be
reimbursed.
However, a lot of people are willing to take the risk because it’s
rewarding and has great returns.
Open your account with the best provider to avoid complications
and ensure profits. Consider safety, whether or not the provider
offers market access or a savings account, and so on. Go with one
that gives you the flexibility you need and meets your goals.
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7 WAYS TO PROFIT FROM BITCOIN
Some of the best account providers to consider are Coinbase, Nexo,
and Voyager.
Coinbase is the leading Bitcoin exchange service and one of the
widely-used crypto portfolio providers. It is extremely secure and
ensures user accounts don’t get hacked by freezing them when
malicious or unusual activity is detected. It is also user-friendly and
offers different payment methods. You can easily buy your coins
using your credit card or PayPal. Gain access to countless features,
for example, storing your funds offline, storing backups in vaults,
and so on.
To open an account, head over to their website at
www.coinbase.com. Navigate to the top-right corner and click on
‘Get Started.’
Nexo has no transaction fees, withdrawal fees, or hidden fees. It is
secure and supports many different cryptocurrencies. It has over 1
million users and over 40 fiat currencies. It also comes with great
customer service for business accounts. So, if you run into problems,
you can easily contact them and get your issue resolved. Their
platform is user-friendly and you can quickly learn how everything
works in a short space of time.
You can earn up to 12% APY on your cryptocurrency and get daily
simple interest payments. Nexo supports over $80 million in
insurance which means your investment is protected.
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7 WAYS TO PROFIT FROM BITCOIN
Go to www.nexo.io to create your account.
If you prefer mobile trading, use Voyager. The app is simple and
easy to use. Get access to exciting features like advanced charting
options, 2-factor authentication, intuitive order placements, and so
on. It offers a wide range of cryptocurrencies and has no hidden
fees. You pay the quoted price when making a trade. You can earn
up to 8.5% APY.
Enroll in the Voyager Interest Program to get started. Learn more by
going to the FAQ section or contacting their support team. You can
open a new ticket or send an email to support@investvoyager.com
Download their app to get started. Head over to their site at
www.investvoyager.com and click on ‘Download app’ in the top-
right corner. The app is available for Android and iOS devices.
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7 WAYS TO PROFIT FROM BITCOIN
BONUS:
Earn more Bitcoins by writing about Cryptocurrency. Target crypto
blogs or forums that pay you in bitcoins for sharing your knowledge.
Find writing gigs on Coinality or share your contributions on
PublishoX and Steemit.
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