Free money is what everyone wants. When it comes to Bitcoins the first question in everyone’s mind is how can I earn free Bitcoins. In this article, I will cover all the methods of how to earn Bitcoin.
People think that Bitcoin is a type of magical money from which many people make good profits and income. Bitcoin is not magic money, rather we can compare Bitcoin to Gold and say Bitcoin is Digital Gold.
There are no magic ways to earn Bitcoin. It takes a lot of time and effort depending on which method you are using.
All the methods I (Benjamin Gimson) share in this article are legit and genuine.
Referral or Affiliate means you can earn Bitcoin by promoting other business. You need to bring new people who join with your link.
Affiliate/ Referral is totally free. There are many ways to become an affiliate, you can share your link on social media (Facebook, Twitter) or run ads campaigns. You can share the links on your website that have good traffic.
Many crypto exchanges and websites provide affiliate/referral programs. The commission per sale is between 2 percent to 50 percent or even more than this.
Create videos about Cryptocurrency
If you are in crypto for a long time and have enough experience of the Bitcoin space, you can become a writer and create good content. Crypto is an emerging space for startups and they are in need of experienced professionals for their business.
It’s very hard to find good content makers, you can make handsome money by writing and exploring about Cryptocurrencies and Bitcoin.
Bitcoin mining is a process of verifying the transactions on the digital ledger (Blockchain). Each and every transaction on a Proof-of-Work (PoW) blockchain is verified by miners.
A mathematical problem is solved to verify the transaction and who did that first get the reward. Bitcoin reward per block is 12.5 BTC. Anyone can solve the problem and earn the reward but the probability is calculated by your mining power. The current difficulty for Bitcoin is 6,353,030,562,983 so you can calculate your probability according to your power.
Be a Crypto Trader
Always remember in trading “Trend is your friend“. Trading is one of the best ways to generate a good income. You can trade Bitcoin or other cryptocurrencies on different crypto exchanges. Trading is simple “Buy Low Sell High“.
Many people think that trading is gambling and only luck works when your trade goes right, but this is not true. Traders spend a lot of time reading charts and learning about market movements.
You must learn risk management in trading and know when to trade and when not. Even Pro-Traders can lose money in some of the trades, they look at this as learning lessons and ready for long term profits. If you can make 6-8 successful trades out of 10 you can make good money.
For me, I have made most of my fortune through trading and hence I feel this is one of the best ways to earn bitcoin but requires a lot of efforts, study and determination.
If you are good at technical analysis and have a good success rate in trading then you can give paid trading signals on different platforms (Telegram, Facebook, Trading view).
There are many people who are looking for a portfolio manager. They give you dividends based on profits or you can take a monthly fee. First, you need to prove yourself a good trader to share your previous trading history and your technical analysis.
The bounty program is run by a company to educate people about the product or to find any bugs/problems in the product.
Many crypto coins run a bounty program to promote their business and pay according to the content and sales. Others can run a bounty program to find bugs/problems in the end user product.
Airdrops are a medium of spreading the cryptocurrency to users so that they are aware of the crypto-coin and take some interest in it. The coins are distributed to users free of cost but sometimes there are some requirements to qualify for the Airdrop.
Here I have taken around 7 different ways to earn Bitcoin. Each method has its own pros and cons. There is no risk-free and easy way to earn bitcoin. The interesting thing about the bitcoin space is that when you put some efforts to learn about it then you will find many different ways to earn bitcoin.