Consultant Bitcoin
The first thing a beginner does is look for an expert to advise him. For those who earlier learned about Bitcoin and have already learned how the market works, this is an opportunity to become local experts.
So here, to business ideas with Bitcoin, you can become the local cryptomonas consultant. This helps others to start trading Bitcoin.
Making microtasks against Bitcoin
There are currently many platforms that reward participants for various activities and minor tasks in cryptomonas. Bituro, Bitcoin rewards and Coinbucks are just a few examples. Some tasks require no specialized knowledge.
You need to view promotional videos, complete market surveys and questionnaires, or test apps.
Other activities require specialized programming skills (such as identifying code bugs). So there is room for all levels of training.
Commercialization of products and services against criptomonades
Another Bitcoin-based business idea is addressed to those who are commercially inclined. The sale of goods and services on cryptomonads is relatively simple, with the help of payment providers such as Bitpay or Purse.
You can create your own site to promote on social media or you can accept Bitcoin if you already have the site.
Buy and store Bitcoin
For those who think long-term, the investment in Bitcoin is extremely beneficial. The price of the best known cryptomonas increased from $ 0 to $ 20,000 in less than 10 years.
Even with the decline seen this year, the Bitcoin investment has the potential to represent a significant reserve of funds for later.
Even if you missed the opportunity to buy Bitcoin at ridiculous prices, an investment now made can provide benefits in the years to come.
Trading on Localbitcoins.com
If long-term investments require too much patience, you can take advantage of price developments on Localbitcoins.com platforms.
They allow you to trade Bitcoin for individual currency transactions, called Over-The-Counter (OTC) trading.
These are a popular trading method because they are fast and offer different payment methods. Hundreds of merchant merchants worldwide make profits on Localbitcoins becoming decision makers (buyers and sellers in Localbitcoins).
Bitcoin escrow agent
If you succeeded in gaining a good reputation as a cryptomoncer trader, you can exploit this opportunity to establish yourself as an escrow agent. Generally, the role of an escrow agent is to arbitrate disputes that may involve online purchases, independent contracts, or other commercial and commercial arrangements.
As a Bitcoin escrow agent, you will record the payment for the seller transaction. At the same time, you will store the funds until the transaction is confirmed by the buyer.
Payment is made in a bitcoin address requiring buyer, seller, and escrow signatures to send a transaction.
If there is no problem with the transaction, then the signature and payment are made automatically. But if there is a problem then the escrow agent must choose whether to sign the payment or the refund. You can create a profile on sites like Bitrate to promote your services as an escrow agent.
Launches a crowd-funding website with Bitcoin
Like the fiat coins, Bitcoin offers businesses and individuals a powerful tool to raise funds for a future or existing project. As an entrepreneur, business ideas with Bitcoin, you can launch a site designed to help people raise funds in cryptomonads from a large community of donors.
A crowd-funding campaign allows you to decentralize the funding process by involving a large number of supporters and supporters. By accepting Bitcoin as a payment method for your campaign, you can decentralize things even further. You can reach a global audience.
Launches a Bitcoin company and accepts cryptomonades
Many people who want to enter the crypto world want to set up their own companies that focus on this area.
In general, commissions for these services are paid in cryptomonades. You can also offer this service as an individual entrepreneur. Whether it's a marketplace platform, an auction site or a betting site, the possibilities are endless. The market will always have room for new business ideas with Bitcoin.
The fact that you accept cryptomonads as a method of payment will be a novelty that will attract the curious audience.
Gaming
The latest trends in online multiplayer games have led to the creation of a very viable game experience. A major part here is the random rewards for rare items in the game.
These elements can be changed openly between the players. Because rewards are random, creators do not promote the direct sale of designated items. They sell only "boosters" to increase your chance of getting them.
This phenomenon can be framed with business ideas with Bitcoin for those willing to sell these rare items. Because cryptomones have high popularity among computer and online gaming enthusiasts, as with other business ideas with Bitcoin, you can opt for the sale of rare articles against cryptomonas.
You can do it directly on existing platforms or create a dedicated platform if you have the specific knowledge you need.
Operates a sales machine in Bitcoin
Operating a machine that distributes beverages or other products is similar regardless of the payment method you choose. A relatively simple business idea to implement is adding the payment option to Bitcoin.
This is an advantage because some people just do not use cash anymore. And cryptomones only require a mobile app.
As cash use continues to decline, there has been an increasing opportunity to replace coin systems with new cars capable of accepting alternative payment methods.
Already there are vending machines that accept both credit / debit cards and Bitcoin. You can buy an automaton that accepts cryptomonads and you get a passive income stream.
Manages a Bitcoin ATM
If you have enough capital, a more profitable way to do business with Bitcoin is to manage Bitcoin Teller Machines (BTM). The fees charged by BTM range around 5-10% per transaction. In some cases, they are even much larger.
Operators who manage to place cryptos ATMs in the best venues often report a return on investment for their initial capital in less than a year. These cars do not take up too much space, so rental locations would not cost so much. However, the cost of the car and the cost of loading Bitcoin can be expensive.
There is a wide range of cars available for purchase and usually allow you to set your own fees at the desired level. Some machines will also allow you to connect to a third party exchange via an API to manage your currency risk. So keep your reserves, both BTC and cash, at a constant level.
Ensure that the devices are adjusted in accordance with local legal regulations.
Development of smart contracts
The concept of intelligent contracts was initially conceived by researcher Nick Szabo in the 1990s.
Intelligent Contracts are contracts that use software and protocols to facilitate, verify or execute the negotiation or performance of a contract, eliminating any third party / laws. If you have the knowledge and experience, you can write software that will run on a large, decentralized network such as Bitcoin.
You can create smart contracts on the Bitcoin blockbill to impose contract price agreements and reduce the risk of gross price volatility.
Smart contracts have the potential to replace archaic paper contracts in the future. Moreover, it offers dynamic agreements that are linked to technological systems.