Here we compiled 10 practical ways of earning bitcoin in the year 2021. Enjoy reading!
1. Referral Bonus
Easiest and smartest way to earn your first $25 in bitcoin is by joining crypto.com.
Crypto.com is redefining a new way we spend and earn money. As a member, you can earn bitcoin, spend bitcoin and trade bitcoin. As a member of this prestigious club, you would be given a prepaid Visa card that allows you to enjoy spending your bitcoin and also earn interests and bonuses as you spend.
- Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions which are added to the blockchain.
- Mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle first, and the probability that a participant will be the one to discover the solution is related to the portion of the total mining power on the network.
- You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.
Read more on Mining on our previous Post here
3. Buying and holding
HODLing, the other term for buying and holding, is one of the most straightforward and most beginner-friendly trading strategies out there. First, get a Bitcoin wallet, buy BTC, and then hope that the price spikes in the future—no matter how long that may take. It could be weeks, months, or even years before you decide to sell.
This method requires practice and knowledge of the market, so be sure to do your homework before you even think about giving it a shot.
There are different methods of trading and they are Day Trading, Swing Trading and Arbitrage Trading. There are different platforms that allow you to trade bitcoin and these include the crypto.com trading platform
5. Affiliate marketing
A lot of companies use affiliate marketing to bring in new customers. This type of marketing incentivizes existing users to bring their friends and family to the business as well. You’ll see these types of incentives all over the market, but they differ from one another—so carefully study each one and choose which program you want to invest your time in.
6. Accepting Bitcoin as payment
It is incredibly easy to start accepting Bitcoin. If you’re running a physical establishment, it’s a matter of putting up a small sign at your storefront and beside your cash register. If your business is online, you can put a banner on your home page or use a payment intermediary like Pay with Paxful.com or crypto.com to fully integrate it into your website.
7. Using Bitcoin faucets
If you one of those people that like looking at ads and answering surveys then this will definitely work well for you. Why not check out a Bitcoin Faucet?
Bitcoin Faucets are basically reward systems that give BTC fractions to those who complete menial tasks—like watching ads or answering surveys. Some even come in the form of minigames!
8. Getting tipped in Bitcoin
There are some websites that give incentives for helping others complete tasks online. One of the most notable platforms that do so is Bitfortip, which gives BTC as an incentive for helping people out with various kinds of tasks. These tasks range from helping people find a dress online to giving informed technical answers to their questions.
Additionally, if you’re a gamer who loves streaming your favorite video games, why not accept tips in BTC? Twitch and other streaming platforms have integrated crypto-tipping services, so be sure to check those out!
9. Microjobs and Pay-to-Click (PTC) websites
There Several websites out there that will pay you in Bitcoin if you watch an ad or click on a link to a particular page containing ads. please note that to make any significant money is still very hard work and a tedious task. If you’re immune to that, these sites are an excellent way for you to earn a quick buck. Coinpayu and adBTC are good sites to check out if you’re interested in making money with cryptocurrency.
Similarly, Microworkers and Cloudfactory are sites that pay you a small fee to complete very simple tasks like watching a YouTube video or completing someone’s survey. These sites have Bitcoin counterparts like Bitcoinget and Cointasker, where members can choose thousands of tasks to complete to earn Bitcoin.
10. Bitcointalk forum campaigns
Bitcointalk is one of the oldest forms out there. In fact, it was set up by Satoshi Nakamoto himself. It’s probably the most popular forum in the crypto sphere, being used by millions of people.
If you’re an avid follower of the forum and have racked up some authority from consistent posting, then your posts on Bitcointalk will have a sponsored signature. Eventually, you can get paid for every post you make on the forum.
We hope you enjoyed this compilation. If you do, simply Like our Page ‘Keycom Online Solutions’ on facebook and get free $25 referral bonus as you join our team on crypto.com