How do you get rich using bitcoins?

Can you still make money with Bitcoin? Well, even after a decade of fluctuations and the unidentified Satoshi Nakamoto, Bitcoin still tops the chart. To be more precise, Bitcoin is the world’s largest cryptocurrency. So, the answer is a big yes, Bitcoin is a way to make money.

As now you seem sure-footed, the next default question is – How do you make money with Bitcoin? There is a long list of options, the most popular being Bitcoin mining, trading, investing, affiliate earnings, and micro earnings.

Nevertheless, there is no one-fit-for-all method of making money with Bitcoin. The amount of money you will generate depends on your risk appetite and the method you choose.

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This post will discuss seven of the best ways to make money with Bitcoin. Whether you are an institutional investor or a complete crypto beginner, this article has you covered. (We have some bonus methods too).

How Do I Make Money With Bitcoin?

Here are the best seven ways of learning how to earn bitcoins:

Method 1 – Trading

Trading Bitcoin for banking profits is one of the most popular answers to – how do you make money with Bitcoin?

If you have a knack in analysing trading charts and you are ready to take risks, this option is for you. Sign up to Zipmex and exchange your local currency for the digital currency, BTC. Now, you have to wear a crypto trader’s cap. As soon as you see the best profit spike, trade your Bitcoins and enjoy the gain.

The icing on the cake is Bitcoin trading is available 24×7 so that you can trade at your convenience (obviously when profits soar high). Talking about convenience, our crypto trading platform – Zipmex, is available on both Android and iOS devices. You no longer need to force your eyeballs at the desktop as we bring the entire exchange in your pocket.

Method 2 – Investing

Investing in Bitcoins is holding BTC until the iron becomes hot. HODL (Hold On for Dear Life) is the crypto lingo for long-term investments. If you believe in the positive future Bitcoin and are sure of its price surge, you must opt for investing. However, HODL investment must not be tied with fancy expectations.

You must know when is the right time to sell. If you are eyeing for long-term investments, you must keep your Bitcoins in a hardware wallet.

Are there some different options apart from buying-Bitcoin-and-then-selling-it kind of investments?

Method 3 – Mining

Bitcoin mining is the process of adding new blocks to the Bitcoin blockchain network by solving cryptographic puzzles.

If you have the technical know-how of mining and the luxury of high computing power, then mining is worth your effort. Bitcoin miners earned huge fortunes in the initial stages of this crypto revolution. However, today individual miners can hardly compensate for their electricity bills by mining Bitcoins.

Does this mean you can’t earn money with BTC mining? Not at all, there are cloud mining services where you have to pay once, and that’s about it. You don’t need to mine, nor you have to worry about your rising electricity bills.

Method 4 – Micro Earnings

As the name suggests, micro earnings will not yield a fortune; however, it is a decent way to make a profit if you know what you are doing.

If you do not hit the skip ad button, micro-earnings will seem appealing to you. Pay to Click (PTC) websites like BTC4ADS, Coinadder will pay you in Bitcoins to watch ads. Other micro-jobs include watching youtube videos or completing online surveys. Bitcoinget is one of the leading micro-jobs websites.

Method 5 – Accepting Bitcoin as a Payment Option

You can earn money with BTC by accepting it as a payment option. Be it a small vendor or behemoths like Starbucks; everyone is embracing bitcoin as their payment option. So, if you are a seller or planning to be one, it would be wise to integrate bitcoin into your payment ecosystem.

Accepting bitcoin as your payment option opens the world for you. You can accept payments from every corner of the world and that too with lightning speed. You don’t need to depend on third-party services for processing your payments; all you need is a bitcoin wallet – it could be a new one or an existing Bitcoin wallet you own.

Method 6 – Lending

Instead of making money with bitcoin, why not let bitcoin make money for you?

By lending bitcoins to other people, you can earn interest on your bitcoins. Holding bitcoins will not make any money. Instead, if you lend them to someone, your bitcoins will earn for you. This is indeed better than holding bitcoins as holding could prove no less of a gamble.

You would not want to lose your bitcoins, would you? To avoid spam, trust your bitcoins with a credible lending platform. Unchained Capital, Bitbond, and BTCpop are amongst the trusted lend-and-borrow platforms. These platforms offer interests of up to 15%.

Method 7 – Become an Affiliate – Earn Bitcoin

It’s time to leverage your social media followers and earn. By being an affiliate to a cryptocurrency company, you can make large sums of money.

You have to sign up for a cryptocurrency affiliate program and promote their products for a commission. You will be receiving commissions depending on the customers you create for that particular company. The affiliate programs will provide you with a specialised affiliate link; this will track your performance. For every customer buying (signing, depending on the program) through your link, you will receive a decent commission.

If you have a good network and can convince people, you can earn a fortune with the affiliate programs by telling people how to earn a bitcoin. All you need to do is share the link on your social media handles and websites while promoting the product.