Earning Bitcoins is not only limited to cryptocurrency exchange or trading. You can earn more Bitcoins in other ways such as faucets, micro tasking, supply Bitcoin related services, becoming a Bitcoin Escrow agent, and Bitcoin affiliate marketing.
The first method to collect more Bitcoins is by cryptocurrency exchange or trading, and there are various forms of trading or exchange options for Bitcoin. You can do Bitcoin for Bitcoin trading, or Bitcoin with other cryptocurrencies, or Bitcoin with fiat currencies. Just make sure you have fully understood the nature of the business and have the knowledge about exchanging Bitcoin. It is important that know the risks involved and how much you need to invest as a beginner.
Day Trading is one of the most common methods of collecting and earning Bitcoin when trading. It is the buying and selling of Bitcoins on the same day, based on small, short-term price fluctuations. When you look at the market and notice that the value of Bitcoin is going up, then it’s a good time to purchase some Bitcoins, then sell them right away after you’ve made your profit.
Faucets are websites that give away Bitcoins on a regular basis. Faucets may give away Bitcoins every minute, every 10 minutes, every hour, or once a week. Just sign up on the websites using your Bitcoin address or your email. If you are chosen, you get some Bitcoins.
Although the amount of Bitcoin given away is not as much, and sometimes the most you’ll get is 0.00288BTC, which equals to $1.31, who wouldn’t want Bitcoins for free? Looking at how unpredictable the cryptocurrency market is, it’s definitely worth it. Some of the popular Faucets that you can sign up to are Bitcoin Zebra, Moon Bitcoin, Weekend Bitcoin, and Milli.
Micro tasking is a website that pays their users Bitcoins for completing tasks like filling up surveys, watching videos, and signing up for new services. You can sign up and you can do all the tasks within your own time. One example of a micro tasking site is Coinworker.
Only few people know that by offering Bitcoin related services, you can be paid with Bitcoins instead of fiat currency. You can visit Coinality to get an idea of what services you could offer. It’s a site gives current updates on Bitcoin jobs posted online. the trading lessons have been defined for the traders and merchants dealing in the cryptocurrencies.
You can also visit BitcoinTalk. It’s a forum that discusses a range of cryptocurrency topics including a services thread where users can search for Bitcoin service providers.
Some examples of services people are looking for include blockchain developer, website manager, graphic designer, mining expert, online marketer, and writing for cryptocurrency blogs and news sites.
If you are an agent, you will handle the third party escrow service of a Bitcoin transaction. Bitcoin escrow agents are becoming common because escrow protects users from fraudulent buyers by requiring the Bitcoin to be deposited upfront. Bitcoin transactions are usually anonymous exchanges involving untrusted parties.
In an event where the sellers turn out to be scammers, the escrow agent will act as a mediator, and will identify who will receive the Bitcoins. Bitcoin marketplace such as LocalBitcoins, CryptoThrift, and BitPremier provide escrow services. To be an escrow agent, you must build up your reputation as a trustworthy party in the community first.
If you are not familiar with affiliate marketing, it is about promoting other people’s product, and they pay you a percentage of the profit based on the sales you bring in. For example, you decide to promote TREZOR, a hardware cryptocurrency wallet. If a person purchases TREZOR and he came from your site, you get a commission for it. The good news is you earn your commissions in Bitcoin where previous Bitcoin affiliate marketers have reported reasonable values of Bitcoin being paid to affiliate marketers.
So, those are the possible way to earn your Bitcoins. Each method, you will either need to invest your time or your money. Try whatever works best for you and be patient with the results. You can follow the trading lessons and advises from the expert in making your trade better. There are many ways for trading fast and learning simultaneously. You can refer online guide for this.