In this post, I will show you the 8 ways to make bitcoins online. Bitcoin is a very popular digital currency with a growing poopularity in recent days. The value of 1 bitcoin is about $600 or more. So, if you have just 10 bitcoins, you are rich. It’s highly accepted in many stores, freelance websites and betting websites.
8 Ways to Get Bitcoins Online
1. Get Bitcoins as payment method
In my opinion, the main and easiest way to earn Bitcoins is accepting them as payment method. If you have a small business, integration is quick and easy. No matter if you have an online store or a traditional physical store you are selling products or services. You have to follow the following three steps:
1. Get a Bitcoin wallet online from Coinbase . There are also other providers besides Coinbase . When you open your account with LocalBitcoins will receive a free Bitcoin wallet with a wide range of functions. You see which one works best. And remember that no wallet is absolutely free of dangers so be careful with your money. Especially make sure your Bitcoins are stored safely in 2 or 3 different places.
2 shows a QR code with your Bitcoin address next to your cash register. There are two options here.
– When you have your wallet, go to the section that says ‘Receive Money’ or ‘Add Funds’ or something. There you get a QR code that your Bitcoin address encoded. Print the image with the QR code and put it next to your cash register.
Your customers will normally have a Bitcoin app installed on their phones where they can enter the value of the purchase in dollars or euros. Your apps calculate the value corresponding Bitcoins. Automatically calculates the current exchange rate for the correct amount. In your wallet account you can confirm receipt of payment.
– Some wallets offer the function ‘Receive Money’. When you earn Bitcoins as payment receive them too frequently it is very useful to use the button labeled ‘Create a Request for Payment’. There, enter the amount of Bitcoins that the customer must pay and automatically will show the corresponding QR code.
In this way customers do not have to enter an amount, which makes the payment process easier for them. To use this method, you have to first calculate the price in dollars or euros in the amount of Bitcoins before you enter so that the QR code is generated.
3 shows the logo ‘Bitcoin accepted here’ at the entrance of your store in order to show everyone your innovative payment integration.
That is all. It’s very easy so start winning Bitcoins now selling their products and services! This was just a brief description of how to earn Bitcoins accepting them as payment method. These links are also useful:
- Bitcoin Wiki page Trade: shows you which other businesses already accept Bitcoins. Add your shop here so you get more publicity.
- Coinmap () is a OpenStreetMap where you can see the geographical distribution of businesses already accept Bitcoins. Añadr your store here too.
There are other lists and records where you can add your store. The two mentioned are the ones that work best in my opinion. If you have a list that you think works very well and is complete, contact me. I would be willing to add other links here.
2. Earn Free Bitcoins completing tasks on websites
There are many sites which offer free Bitcoins for winning. As in the case with most of these websites, the idea is to visit the page and perform spme task to receive a small amount of Bitcoins.
While this concept is legitimate, what you gain for the time you spend is very small. As the saying goes ‘there is no such thing as a free lunch’. But check out yourself. Here is a list of some of the pages I think are interesting.
- BitVisitor: Winning Bitcoins websites or watching videos. Each page is displayed for five minutes. You can then clicking on the ‘Next’ (next) as confirmation and move to the next page. What I like about this site is that what is gained, then earn more or less an hour. This is a great advantage compared to the other pages that pay Bitcoins in exchange for completing certain steps. In addition, you do not have to have a user account here, just enter your Bitcoin address. The amount of Bitcoin you can earn is limited, however. For five minutes, you win something like μBTC 100 (that is 100 micro-currency or 0.00001 BTC) which means that your profit per hour is roughly 0.00012 BTC. Not much money but it’s a start to win your first Satoshis and familiar with Bitcoin. And note that the gain varies for five minutes. So the calculation above is only valid if the average gain for five minutes is μBTC 100.
- freedigitalmoney.com :: Win receiving Bitcoins gains in Bitcoin purchases. On this page you need not have a user account and you just have to enter your address Bitcoins to earn Bitcoins.
- CoinWorker :: Winning Bitcoins completing analytical steps. A user account is necessary. I have not tried this service but the gains seem to be a little higher than with the pages mentioned above.
- Bitfortip :: Win Bitcoins responding responses forums. This is a good service because it attracts people who are interested in Bitcoin and many other subjects. At the same time, it allows you to pay in bitcoins to answer questions. This is something that would not have been possible without a currency like Bitcoin having a low transaction price and instant transfer.
Winning Bitcoins to complete tasks on websites is a viable option to get Bitcoins online. But do not expect your income to be very large. I consider it as a first step to become familiar with Bitcoin in general. Moreover, it is interesting to see what kind of services are made available through a money transfer smoothly.
3. Winning Bitcoins with interest payments
If you already have some Bitcoins, put your Bitcoins to work for you. Bitcoins gain through interest payments making loans.
- Make a loan directly to someone you know. This allows you to be able to assess you personally if the borrower is reliable. Then the two only have to agree with respect to such terms as the duration and interest rate. The disadvantage is, however, probably will not find many known to be compatible with the amount, duration and interest rate demands and expectations. But it’s a good way to earn Bitcoins.
- The pages of peer to peer lending Bicoin with several borrowers listings are another option. Bitbond.com is an example of loan page peer-to-peer. Published borrowers loan applications and can contribute to the loan. You can finance small portions of many loans and thereby diversify your risk of loss. Bitcoin loans usually work the same way as a traditional loan currency. The borrower gets a certain amount of money for a certain time and repaid the money with interest. There are two things you have to take into account when you make a loan with Bitcoins. The pages must be reliable and the borrower must also be reliable. When the page evaluates the creditworthiness of applicants, the information disclosed on borrowers may be more reliable.
- Bitcoin as a bank model. Here you deposit your deposit Bitcoins with a page that pays a fixed interest rate. As is usual in these cases, this method has advantages and disadvantages. The good news is that you have to diversify your Bitcoins with several borrowers. Simply put your Bitcoins with your bank Bitcoin and that’s it. Winning Bitcoins in a continuous manner with the income of interests. However, be very careful. In the previous case of peer to peer lending, diversify your lending activities with various lenders. In the bank model you rely only on one borrower which is the bank in this case. If the bank does a good job managing your Bitcoins, everything can suddenly change everything. This is because the bank takes your deposits and invests in assets, of which the most important are loans.
To summarize, make loans Bitcoin is a good way to get more Bitcoins from which you already have and please take into account this statement. Only make loans through pages that you consider reliable. These pages will meet the requirements normally expected from other similar pages that are not based on Bitcoins. This means they have appropriate terms and conditions, confirm their status of incorporation and contact information. Some pages in the world Bitcoin do that and then people wonder what happened to their Bitcoins.
4. Get mining Bitcoins
Mining Bitcoins is the process by which new Bitcoins are generated. When minning bitcoins, your computer adds new Bitcoin transactions to the chain block (a public registry where all transacted Bitcoins are stored) and search blocks. A block is a document that has the most recent Bitcoin transactions recorded on it. When your computer discovers a new block, you get a certain number of Bitcoins. Currently a block contains BTC 25. This number changes with time and decreasing every four years by half.
Since mining Bitcoins has become intense activity it therefore become a costly activity. For that reason most individual miners gather to what is called a common fund mine. One of the common funds mines which can a name in the industry is the BitMinter.com for example. It Computationally give powers to the common fund, you can earn Bitcoins without having to build your own bitcoin farm mining. There the entire community is based on Bitcoins and also you can earn Bitcoins, it is also fun. Go online and you will meet new people and get deep knowledge about Bitcoin as protocol and technology.
5. Get Bitcoins Online by Accepting Tips
When you win Bitcoins through tips, it is very similar to accept Bitcoins as payment method. Need a wallet, a QR code with your Bitcoin address and people who potentially can give you tips or sell information online. There are several places where they can get bitcoin tips.
- Again, your store is the first place to start if you already accounts.
- A good tips is necessary to have a store. A blog for example or any other page is sufficient. You can show your QR code or just your Bitcoin address to the bottom of your page or whatever is convenient and let people decide how much bitcoins to give you.
- Another good way to get online tips is to ChangeTip.com . This service allows you to integrate tips on major social networks, YouTube and GitHub. Is very good!
- Imagine you have a restaurant and want customers to give you tips with Bitcoins, then there is a good service for this: bctip.org is a page where you can print a paper voucher that has a balance of bitcoin. When your client is one of them, he or she can simply give it to you or your employee and can redeem then as if a coupon.
6. Make Bitcoins with the Forex or Stock trading
Some would say that Forex trading is a form of gambling. Although both have things in common, there are also fundamental differences. When bets (assuming it is a fair game) have a certain probability that you win or lose. When you do forex stock trade with goods, it becomes much more complex. I will not go into details here. I just want to briefly describe the concept of how you can earn Bitcoins with forex or stock trading.
The easiest way to make money with the stock trade is with arbitrage . In itself, this means that you discover an opportunity to buy a well in one place for a certain price and sell it immediately elsewhere for a higher price. It is important to know that you can immediately sell the property at a certain price. If this is not the case, then we are talking about speculation – or bet, as you prefer to call it.
The world Bitcoin in my opinion offers such arbitrage opportunities. But they are not simple to implement as it might seem at first glance. Price differences between exchange rates often exist for certain reasons. Speed transfers traditional money and access restrictions are just some of the most important. You have to find concrete opportunities yourself. In addition, not every opportunity is available to everyone. Go and take a look at price differences between exchange rates and see if you can get opportunities.
If you want to try to arbitration, you have to get Bitcoins almost immediately. One of the few places where you do not need to create an account is in bit4coin.com . If you find an opportunity and want to act immediately, this is a way to get Bitcoins quickly. If you can earn Bitcoins with arbitration, it can be very profitable after all. But it begins with caution as it requires some experience.
In this case you buy Bitcoins , you expect the price increase and then sell for a coin of traditional domination. When the price falls, more Bitcoins and start shopping again. For this to work, you have to be lucky or to predict the future.
There are people who are good stock traders and can recognize patterns watching the price charts. But that is very specialized and not sure I believe in that. So for me, if you want to earn Bitcoins in this way, it can also be categorized as gambling. And actually, it is more risky if you compare a fair game where you know the odds. When you speculate with property, you can extract your odds of historical prices. But you never start believing that this may tell you something about the future reliably.
7. Make Bitcoins as regular income
You can receive your monthly salary in Bitcoin. This is probably the most consistent way to earn Bitcoins. There are not many organizations that pays through Bitcoins but at least there are some. And maybe there will be more in the future.
In addition to being used in a business or nonprofit organization, as an entrepreneur, you can receive payments in Bitcoins. Here is a list of websites where you can get job offers and get paid in Bitnoins. It is a very convenient way to receive Bitcoins as wages.
- WorkForBitcoin is a page where you can do both, place a job and find an advertisement. Many of the available jobs are related to programming. But there are also other fields and worth seeing if there is anything which interests you.
- Bitcointalk Forum Services Section is another point to look for jobs that are paid in Bitcoins. Some of the works are easily performed within a short time so it’s a good way to earn Bitcoins quickly.
- Jobs 4 Bitcoins on reddit has a focus on job postings for programmers. Again, it’s not just programming and definitely worth taking a look at the various offers.
- BitGigs is a freelance webite just like Fiverr. Users perform work online and get paid with bitcoins.
- XBTFreelancer is another website for job advertisements and users are paid in Bitcoins. These works are mostly related to software. If you have a skill in programming or computer, then you will probably will find it easier to win Bitcoins with your experience.
And of course, you can start your own business related to Bitcoins Bitcoin and win that way.
8. Bitcoins Win betting – (not something for everyone)
To be honest, I’m not a fan of gambling. But it is a way to earn Bitcoins so to complete this list, it has to be mentioned here. However, I will not list the links to the pages of bets here. It is very easy to find if you are interested. And if you click on some of the links above, you probably find some of the Bitcoin gambling websites.Get Free ₦1,000 plus 5% - 15% interests on savings and over 25% return on investments: Create a Free Account on PiggyVest