Can You Really Make Money with Bitcoin?
Becoming an affiliate
Being an affiliate to top online investment platforms is one of the easiest ways to make money with bitcoin. Many cryptocurrency companies offer affiliate marketing programs. All you need to do is to sign up with them and start promoting their products or services.
For any purchase made through your site, you’ll earn a commission in the form of bitcoin. The company will give you affiliate links that you can use to promote their services or products.
Before you sign up for an affiliate program, you’ll need to build a website where you’ll post the adverts. You’ll also need a strong social media presence to promote your website so you can boost traffic to your site.
Micro-earnings using bitcoin requires some patience. It will also work best for you if adverts don’t bore you. There are many small tasks you can perform and earn bitcoin.
Many bitcoin faucet websites offer simple tasks such as clicking on captchas, watching adverts, or playing games. Though the amount of bitcoin paid per task is small, it can accumulate to a substantial amount if you keep visiting the site and performing the tasks.
Create your faucet
Rather than working on other people’s websites, you can create your faucet. This will require you to dedicate more effort and time, but it’s more profitable. You just need to create a website where you produce and run bitcoin faucets and charge companies that run adverts on your site.
Creating a faucet isn’t child’s play. It needs capital, and it will take time for you to build enough traffic that can help you start getting some returns. Once you build substantial traffic, you can earn at least $1,000 every month. This is much more than what you can get when dealing with top rated trading platforms.
- Buy and Hold Bitcoin fluctuates in value from time to time. In theory, to make money using this method, you need to buy bitcoin with the help of trusted trading brokers, and hold it in your Bitcoin wallet, then wait for the value of bitcoin to increase before selling it. By selling the bitcoin at a higher value than you bought it, you can make some cash. This method of making money is very friendly to beginners, though it is a long term investment. The longer you hold onto your bitcoin, the more you can possibly make.
Mining is another lucrative way of making money with bitcoin. Bitcoin mining is painstaking but rewarding. It has a special appeal to cryptocurrency enthusiasts because they get rewarded without spending any cash.
As a bitcoin miner, you’ll get bitcoin tokens without putting down your money for it. You get bitcoin rewards after you complete a block of transactions which are eventually verified and finally become part of the blockchain. Setting up your mining rig requires that you have an ASIC or a graphics processing unit (GPU).
Trading in bitcoinThis is more or less like Buy and Hold, but it is a short-term investment. Bitcoin is among the many financial instruments in the financial markets. If you understand the principles that underlie share trading, you wouldn’t have difficulty understanding how bitcoin is traded. It’s simple and straightforward. Just like you’d buy shares at a lower price, wait for the prices to increase, then sell them, the same happens with bitcoin. Bitcoin fluctuates in value, and with good timing, you can make good money trading in this digital currency. Unlike stock trading that has trading time limits, bitcoin can be traded 24 hours a day, seven days a week. This is because it is a peer-to-peer, decentralized cryptocurrency. Once you sign up on the best online brokerage platform, you can trade in bitcoin from the comfort of your couch using your smartphone, laptop, tablet, or PC. Of course, trading on bitcoin is not for the faint-hearted. This currency is quite volatile and can make even the hardcore traders feel anxious and nervy. However, if you choose a good trading platform, you can reduce your risk.
Do you want to trade in bitcoin?
As stated above, you need the best broker for crypto to increase your chances of earning from bitcoin. You can sign up with one of these platforms on Trader-Connect, the world’s leading trading account comparison website.
For ease of use, Trader Connect will show you which platforms have fully digital, hassle-free account opening processes. The first step will be to register using your email address, either through your Google account or through Facebook. Once you’re signed-up some platforms will give you access to their demo account loaded with up to $100,000 in virtual currency.
You can use the demo account for practice before you move to the live trading account. To trade, you’ll have to verify your residency and identity, then load your account with real money. You can use your personal ID or passport for identity proof, and a copy of your bank statement or utility bill for residency proof.
The minimum deposit required depends on where you reside and the trading site you choose. In most cases, it is $200. If you reside in the US or Australia, you’ll only need $50 to start trading. Those in Macau, Taiwan, Hong Kong, China, or Russia need a minimum deposit of $500, while those in Israel must have a minimum of $10,000 for them to trade.
Trader Connect has a user friendly interface and offers many cool products for traders. Trader Connect gives you a place in a global community of real traders; where you can connect and chat, as well as access to podcasts, and platform specialists- all this at your disposal, to aid you in finding the right broker and reach success in your trading.
So what are you waiting for? Let Trader Connect help you start trading Bitcoin today!