Since the meteoric rise of cryptocurrency trading globally, the main question on the minds of traders has been how to make money with Bitcoin?
While there are many obvious systems in place today to generate significant revenue streams using digital assets, we’ll also take a look at some that are less commonly considered.
Make Money with Bitcoin using Cryptocurrency Referral Programs
Cryptocurrency referral programs are one of the most underrated ways to make money with Bitcoin. The best cryptocurrency referral programs provide users with the incentive to recruit others by offering rewards.
For example, Bitcoin-based trading platform, PrimeXBT, offers a 4-level referral program that allows affiliates to build a full-scale personal business with no upfront costs and pays lifetime commissions. Affiliates yield 20% of their direct referral’s trading fees, and a further 15%, 10%, and 5% from their 2nd, 3rd, 4th tier referrals respectively beneath them. Due to leverage, these commissions are significant.
Make Money with Bitcoin by Trading it
This is the go-to method of making money with cryptocurrencies like Bitcoin and Ethereum.
The most basic explanation of what a Bitcoin trade is, to create either a buy/long position or a sell/short position, and then to close the position once it reaches a target, yielding a profit.
Trading cryptocurrency can be much more complicated than this simple example, however, by using advanced strategies like margin trading and a range of hundreds of different indicators that assist in identifying the right times to buy and sell repetitively to make consistent profits.
A range of different places can be used to trade cryptocurrencies such as Bitcoin, like exchanges, margin trading platforms, and even using over-the-counter (O.T.C) brokers.
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There are several other avenues that can be explored to make money with Bitcoin, like mining and faucets, for instance. However, trading and referral programs are by far the most accessible and easiest ways that allow ANYONE to make money with Bitcoin without any investment or technical knowledge.