A full guide on how to get Bitcoins without paying a cent
Well, there is nothing like a free lunch, is there? I guess you heard about Bitcoin before. But since it broke the $10,000 Milestone you got really interested and started learning more about it. You’re unsure of weather or not to buy?
I mean the price increased already from $1,000 to just over $18,000 this year, so why not? Well, people argue that we are in a crypto bubble. To be honest, it definitly looks and smells like a bubble. Just look at this chart.
Bitcoin Price 2017 (Source: coinmarketcap.com)
Looks very similar to this bitcoin chart from 2013. Just more extreme. Back then the price went from around $180 to $1,150 before it eventually came dropped to $200.
Bitcoin Price 2013 (Source: coinmarketcap.com)
The big difference to other asset bubbles is that the more people invest & belief in Bitcoin the more valueable Bitcoin becomes. It it’s a reinforcing cycle.
Comparing it to the Dotcom-Bubble. Who can say, that are in 1998 or already in 2000? Nobody can say that. It might rise another hundres of percent, before a bigger correction.
So, what’s the best option? Buy? Don’t Buy? FOMO (Fear of missing out) on the one hand and FUD (Fear, uncertainty & doubt) on the other hand. Is there a way to profit from the upside while having minimal downside?
Well, yes there is. Do you have to spend money to get Bitcoins? Not, necessarily.
But since there is no free lunch, what can you do to compensate for not risking money and buying Bitcoins directly.
"The Best Equity is Sweat Equity
Mark Cuban
What methods are there for converting time/effort and not money into Bitcoins?
Affiliate marketing. So, basically you can do marketing for a company and get payed for new customers or product sales in Bitcoins.
This is great, because then you don’t need to buy Bitcoin to profit from it. And thus can’t loose money in a potential crash. But if Bitcoin keeps rising you make profits along the way.
The total market capitalization of all cryptocurrencies is around $400 Billion which is still quite low for a new asset class. The total value of all physical Gold is around $7 Trillion. So, theortically there is still a 5x, 10x, 20x potential for Bitcoin to rise in value within the next years.
Should one day 1 BTC be worth $1 Million or $1 Billion due to a world fiat crisis. Then you not only had one of the best hourly wages in the world, but also had very little risk exposure.
And that’s what its all about in professional investing: capping the downside, but having unlimited upside potential.
So let’s get into it:
1. Marketing for Crypto Exchanges
One way of earning comissions is to refer people to exchanges and marketplaces where they can buy cryptocurrencies. These sites pay out a commission if you acquire customers for them.
Coinbase (coinbase.com)
Coinbase is one of the most popular exchanges to buy Bitcoin. With a affiliate link you & the new customer profit each $10 (payed in BTC) when he spents more than $100.
more exchanges
simpleFX Trading Platform
bitfinex.com
2. Affiliate for Crypto Lending Sites
Once people have cryptocurrencies, one option is to lend these coins and get addional interest from 1% to 7% per month. Notice in the cryptoworld interest rates are counted in months not years.
You can also refer people to these lending sites and get a commission. One of my favorites:
BitBond (bitbond.com)
Bitbond allows you to get up to 50% of their fees as a commission. Also paid out in Bitcoin of course.
3. Marketing for Crypto Tax Report Tools
Once you sell coins you have to pay taxes on the profits. Tracing all your trades and calculating the tax yourself can get quite exhausting. Guess what: There’s an app for that.
And guess what: It does have an affiliate program.
Cointracking (cointracking.info)
I love that tool. It does what it says. You can easily link it to your exchanges and analyse your profits. Based on the profit the tool calculates your taxes.
As an affiliate you get 20% of their revenues.
Some more tax calculators
Libra (libra.tech)
bitcoin.tax
4. Accept Bitcoin Donations on your Webblog
Nothing can be easier than creating a wallet at blockchain.info and posting the public Bitcoin address on your Website or Blog.
This is a minitask you can do within 3 minutes that will get you Bitcoin donations on a constant basis.
5. Steemit
Of Course Steemit is also a great option to convert time/effort into cryptocurrencies. But I don't need to tell you that, because you are already on it ;)
But how to aquire customers for these services?
Reading this article may took you 5 minutes. Buy finding strategies on how to aquire customers effectively will take you a few days or weeks. But trust me! This effort is more than worth the result. Once running these strategies generate coins on a constant basis.
How can you start even faster? Well, affiliate marketing is such a known sector that you can copy a lot of existing strategies and just apply them to the new crypto world.
Some examples here:
- Ask your an Affiliate coupon code and just place that in an existing coupon code platform
- Create a Instagram profile with affiliate link in bio
- Create YouTube videos on the services you advertise
If you’re new to the field of affiliate marketing, these terms will help you to get a fast start:
Google this:
- Traffic Generation Case Studies
- Online Marketing growth hacking
- Search Engine Optimisation SEO
- Search Engine Advertising SEA (this will involve some payment before — but is very powerful if the clickprice &
- conversion-rate are right)
- traffic generation strategies
- how to create a wordpress blog
- how to build a funnel
Finally, a small warning. Don’t get scammed.
The number of scams in the crypto space are rapidly growing. Be especially careful with “browser mining” or cloud mining ponzi schemes.
Please share this with all your friends and hit that ♥ button below to spread it around even more. Also add any other affiliate platforms or strategies in the comments!
Donate BTC: 1DX2CyfqnkXHy6Ya6ShhB4zZH5Qwyx2h4j