BITCOIN : been on a bull run since its inception.
Of course, I am not ignoring its bearish days, but overall it has been bullish. This is evident from this Google Trends chart:
And let’s not forget that Bitcoin recently surpassed $5,000!
I am not the least bit surprised by this crazy run because the concept of truly decentralized, borderless, and uncensored digital money is revolutionary and worthy of this attention. Now more than ever, people around the world have started appreciating Bitcoin’s power.
Also for the citizens of some countries like Argentina, Venezuela, Zimbabwe, and Greece, the idea of having a currency that increases their purchasing power is unique and exciting.
Having learned this fact more and more, people are joining the realm of Bitcoin each and every day.
Some ways of getting Bitcoin are better than other ways, while some are even worse than scams. That’s why today, we’re going to discuss some of the legit and low-entry barrier ways to earn Bitcoin.
Top 5 Working Ways To Earn Bitcoin
- Work For Bitcoin
Working for Bitcoin is one of the easiest and most legit ways to earn it.
Whether you are an engineer, designer, writer, singer, translator, editor, internet marketer, freelancer, or developer, you can start working for Bitcoin right now.
There are numerous platforms and websites that offer you bitcoins in exchange for your service.
Some of these platforms are:
Jobs4Bitcoins
XBTFreelancer
Coinality
bitWAGE
Angle.Co
21.co
- Earning Bitcoin From Trading
Another legit and cost-effective way of earning bitcoins is through trading.
The idea is simple, but it takes a lot of awareness and analysis to be successful at this.
In this method, the basic concept is about diversifying and investing in various cryptocurrencies when they are cheap in price and then selling them when there is a significant price spike.
When you do this, you earn Satoshi by selling them for profit, and hence, earn more BTCs.
I myself have done this many times, and it works quite well in terms of ROI, but this not an investment pitch or advice… DIY (Do It Yourself) and DYOR (Do Your Own Research).
You can simply start by following and closely monitoring your favorite cryptos, and start buying them from various exchanges. Some of the bitcoin and altcoin exchanges that we suggest you buy from are listed below.
On these exchanges, you will also find almost all altcoins:
Changelly
Binance
KuCoin
CoinMama
Bittrex
BitStamp
ShapeShift
HitBTC
Note: This list of exchanges starts with some of the easiest to use exchanges for newbies and moves toward some of the most advanced exchanges for advanced users.
- Earn BTC By Lending
There is a saying – “You should put your money to work.”
So if you are already HODLing Bitcoin, you can put your money to work and earn some profit on it by lending it out. There are many peer-to-peer Bitcoin lending platforms that allow you to do this while giving you a decent 12%-18% return on your investment in the form of bitcoins.
I have already done a detailed write up on such Bitcoin P2P lending platforms.
But a word of caution: This space of lending is highly unregulated, so diligently choose the borrower to whom you want to lend your Bitcoin and strictly adhere to the platform policies to make sure you get your returns back.
- Earn Bitcoin From Faucets
Another easy to start way of earning quick bitcoins is through Bitcoin faucets.
For those of you who don’t know what Bitcoin faucets are:
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.
–Wikipedia
These faucets have you do menial tasks such as solving captchas, playing games, clicking on ads, or watching videos. For each task you do, you earn a little bit of Bitcoin.
You can find a list of popular Bitcoin faucets here.
But this way of earning isn’t really an option for people who are already involved with hectic, full-time jobs. That’s why I have kept this option at the bottom of the list.
- Earn Bitcoin By Helping People
This is quite a revolutionary way of earning bitcoins, if you are good at offline/online research.
Bitfortip is a mobile and desktop platform that pays you for being helpful by giving you Bitcoin tips.
Their tagline is -“Tip Bitcoins as an incentive. Earn Bitcoins for being helpful.”
On this platform, anyone can ask for anything, and the answer provider gets Bitcoin tips in exchange for their answer.
For example, if I want to know where I can buy a pink, Persian cat in India, I can give a Bitcoin tip to whoever provides me with an answer
One thing which I really like about their platform is that they are available in 11 international languages. This provides a low-entry barrier for many people around the world.
See this example of a question asked