Methods to Make Money Using Bitcoin

Despite what you might hear on the internet and from people you know, bitcoins and cryptocurrency as a whole still carry a lot of weight economically.

Even those who are not that familiar with this world can make a living so long as they are willing to stick with it and learn as much as they can.

Moreover, once you start, you should continue to follow trends and news about it on websites like bitcoin.com.au. Missing even a small detail could lead you to potentially losing quite a hefty sum of money.

Now as far as methods of making money go, you have a plethora of different options. The list below will give you a quick rundown of every single one and help you with deciding which one you prefer the most.

Mining

Everyone who is familiar with cryptocurrency will likely tell you that their journey began with mining. And no, it does not involve going outside with a pickaxe.

The only thing you need is an internet connection, decent software, and a computer which can be turned on for as long as possible. In other words, you will be setting a farm, or as some people like to call it, a rig.

There are plenty of step-by-step tutorials on how to build your first rig, so if you are interested in trying out mining, you should definitely check those out. Once you get the hang of it, you can expand your operation and increase the overall efficiency.

PTC Websites

If you have tolerance for ads and do not mind when they run, then visit pay-to-click websites which offer you bitcoin as a form of payment for clicking and watching ads.

The earnings are not necessarily impressive, but it is still better than doing nothing, and certainly works as a starting point for many beginners.

Micro Jobs

Similar to working as a freelancer, you can find plenty of micro job websites and get bitcoin from them by performing the most trivial things.

Again, the payment you receive is considerably small. However, if you stick to it every day, you should end up with a decent amount at the end of the month. And you can reinvest that bitcoin in a more profitable venture.

Cryptocurrency Articles

You can find a lot of articles about various topics related to the crypto on the internet already, so it would seem like this market is oversaturated. However, if you were to visit freelancer websites like UpWork or Fiverr, or even do a quick search on Google, you would see that the situation is quite different.

Plenty of outlets are still looking to get someone to write about cryptocurrency. On top of that, you can work as a copywriter, which is a bit different from a regular writer.

Teaching

Everybody can become a teacher, even if they do not get the chance to talk in front of a real audience.

Online education is increasing in popularity quite rapidly, and as long as you are able to come up with a valuable course, you are guaranteed to make money.

Videos are the most popular form of sharing your teaching, and you can publish them on platforms like ShareCourse or Udemy and charge people for purchasing it. Or, as an alternative, you could use YouTube, build the channel and monetize it later on.

Buy and Hold

Predicting when the price of a bitcoin goes up and drops is more or less impossible. However, if you can master the most important aspects of cryptocurrency, you can be certain to get a better understanding of price fluctuation.

This method involves risks so overspending is not recommended, especially for first-timers. But there have been quite a few who made a pretty penny by buying and selling crypto, which means that if they can do it, so can you.

Gambling

Another idea that involves risk, but you can find plenty of gambling sites that accept bitcoins as the currency.

Again, it is not something that should be recommended to those who have a gambling addiction and are likely to lose everything in a single day. But if you are skilled in certain games and have made a profit in the past, giving this a try is worth it.

Multiple Ideas

As a precaution, you can always combine more than one venture and ensure that your entire assets will not disappear after one loss. Everyone who has been involved with crypto will tell you that they do not put all of their eggs in a single basket.

If you are looking to get started making money with cryptocurrency, there is no reason to delay. Pick either of these methods, start your research, and you are bound to see the money coming in sooner rather than later.