7 Proven Ways of Making Money With Bitcoin

I am sure you are here to learn how to make money with bitcoin.

Or maybe you are looking to generate some extra revenue or build your wealth portfolio? Making money with Bitcoins is a great opportunity you have been waiting for.

Making money trading bitcoins is one of the greatest financial innovations ever made.

The growing popularity of digital currency and the mass adoption of bitcoin and what the rich are saying around the world has left a great opportunity that you can capitalize on as an entrepreneur.

The mere fact that you are reading this article is enough to imply that you are already aware of the tremendous growth capacity of the Bitcoins market.

Therefore, let's take a look at proven ways of making money with bitcoin and you will also discover recommended books and training program that will give you leverages to make greater income.

Discover some proven ideas you can use to earn money with Bitcoins.

 

What is Bitcoin About and How Does it Work?


When it comes to cryptocurrency, Bitcoins is the first decentralized digital currency also known as the cryptocurrency.

Cryptocurrency is a new financial system of its kind independent of any central authority, it is defined by Wikipedia as stated below:

where buy bitcoins credit card

In 2007, Satoshi Nakamoto (nobody knows whether the name represents an individual or a group) started developing the Bitcoins concept.

In January 2009, the first version (0.1) of Bitcoins was released, and it's very first transaction happened between Satoshi and Hal Finney. In October 2009, the Bitcoins exchange rate was 1 USD equal to 13,309.03 BTC.

The Bitcoins price rose slowly over the cause of the following year. By January 2018, the number of bitcoins in circulation was equivalent to 200 billion USD.

The following years saw the Bitcoins market share continue to increase with the likes of Dell, PayPal.com, Amazon.com, Overstock.com, CVS, Target and many other companies accepting Bitcoins as a means of payment.

Since then it has gained a lot of success as a peer-to-peer means of exchange. Today, 1 BTC is equivalent to over 13,000 USD boasting a market capitalization of over $204 Billion USD.

 

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Seven Ways To Make Money With Bitcoins


You are well aware that a peek into the past is a good way of predicting the future right? Now that you have a rough picture of the Bitcoins market, let's look at some ways you can make money with Bitcoins.

  • Making Money Blogging About Cryptocurrency

This is my best way of making money online via bitcoin, you can create a website and start educating bitcoin audience i.e. your niche market.

You will be reviewing several cryptocurrencies and educating every person that will be visiting your websites.

There are a lot of cryptocurrency websites that you can affiliate to and start making money as an affiliate marketer online, affiliate marketing still remain a gold mine today.

You will be promoting their business and be earning a commission. With these types of business model, you are expected to be reviewing and promoting the product of those websites.

  • Operating A Bitcoins Teller Machine

A BTM is a specialized Automated Teller Machine, also known as a Bitcoins Teller Machine.

If your pockets run deep, this is a more profitable approach to start a business buying and selling Bitcoins.

BTMs charge a transaction fee of 5-10% or even higher in some cases. Some operators who have their BTMs in a prime location report ROI in less than a year.

Another advantage is that the machines do not consume a lot of space

  • Make Money Trading Bitcoins As Broker

Setting yourself up as a broker may perhaps be one of the most common ways to start a Bitcoins business. You buy low and sell when you feel it is high enough for you to make your margin.

You can buy and sell bitcoin on many bitcoin exchanges, we have over 70 cryptocurrency exchanges; where you can trade bitcoin.

You must ensure that you DO NOT invest money you can not lose. Buy and selling of bitcoin for margin profits is a fragile and delicate business. You can lose all your money if care is not taken.

By buying and selling Bitcoins with other users, brokers can make a substantial amount of profit from the spread. The spread is the variation between the bidding and asking price.

Unlike other financial systems, cryptocurrency users have a preference for peer-to-peer means of exchange as compared to dealing with large companies.

This means that you can easily set yourself up as a broker on the Internet or in your local area and earn a decent living.

 

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  • Bitcoins Faucet & Websites

Building and managing your Bitcoins faucet is one of the most popular methods of making money with Bitcoins.

For those who have no idea what that means; it is a website that pays out Bitcoins to its visitors in small quantities around 0.0001 BTC.

Faucets leverage heavily on traffics to make money, in the process they give away free Bitcoins. As a matter of fact, 50% of the top Bitcoins websites that lead to traffic are faucets.

As you may have noted, you may not make a lot of money visiting faucets, but if you were to build and manage your own, well that is something else.

There are also plenty of affiliate programs and advertising networks that pay in Bitcoins

To start a Bitcoins Faucet, you have to have a website. It is so easy to have a website these days.

Creating website free is everywhere, this is why you have to choose a very good domain like the one provided by Wealthy Affiliate.

 

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  • White Label Opportunities

This is when an already established brand lets you take their service or product, re-brand it, and present it as an independent business.

One way to make use of a white label opportunity is by running a cryptocurrency exchange website.

This allows you to use their exchange software while letting you choose your coins and currencies, set your fees, and even customize the interface as you see fit.

 

  • Become A Bitcoins Miner

Although a very sophisticated process that involves tremendous technique, this is how Bitcoins work.

People usually send Bitcoins to one another over the networks. To keep the track of who sent what, it is the duty of Bitcoins miners to keep the track of these transactions.

The Bitcoins network always collects transactions made over a set time into a list called block. It is the job of the Bitcoins miners to confirm those transactions.

Bitcoins mining is very competitive today, and as a startup, you must be willing to invest a significant amount of capital for the equipment and energy costs.

  • Mobile Games & E-books

Some new games and applications have graced the Android space where players are awarded free Bitcoins for their spent time, viewing advertisements and also referring new users.

Such games include Oh Crop!, Coin Flapper and BattleCoin.org. PaidBooks.com is a site that pays readers 400 satoshis for every 10 minutes to engage in their E-books.

  • Investing In Bitcoins

Bitcoins have proven time and again their tremendous ability to increase in value over a short period. Investing in Bitcoins now and in the future can be an excellent way to grow your investment.

The fact that the production of Bitcoins is strictly regulated and their supply is limited is a clear indicator that it will increase in value.

Despite all the saying and opposition of the various government and rumor od banning of bitcoin in various state and nation of the world, bitcoin is still grown in great value.

Bitcoins continues to offer a prospective way to trade our goods and service without the need for major financial organizations; bringing power back to the masses.

 

Make Money with Bitcoin Without Your Bitcoin


Wealthy Affiliate is a great platform and program that can help you make a lot of money with Bitcoin,

Wealthy Affiliate has everything in place that will help you showcase Bitcoin to the world.

Wealthy Affiliate is a training platform that brings together an entrepreneur of over 900,000.

Wealthy Affiliate will train you to choose an interest in your choice (Bitcoin); there are millions of another business ideal.

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You will learn how to attract visitor to your site and how to monetize your website.

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You don't need to know anything about the website, just know how to hold the mouse and you should be able to read.

With your own hard work and determination to succeed, you will soon become an authority in your niche.

Help is also everywhere at Wealthy Affiliate with a community affiliate all over the world that is online 24/7.

Just post your question to the chat room and someone will definitely come with an answer, I can assure you that you will receive several solutions to your questions for the best decision.

Please claim to join Wealthy Affiliate today and Claim your free gift of a website.

What is your take on proven ways of making money with Bitcoin? Do you have the alternative to making money with Bitcoins?

Please share your take in my comment area and let gain from your experience. You can also download any of the above books and training on Bitcoin.

I also welcome you to Wealthy Affiliate, you can check me up on my Personal Profile Page in Wealthy Affiliate, it is the best place to be.

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15 thoughts on “7 Proven Ways of Making Money With Bitcoin”

  1. Bitcoin is a risky investment but one cannot deny how a lot have made a fortune with their investments on it especially when they invested in the early days. Despite how it took a dip recently it’s still way higher from where it started out! Crazy but interesting how it turned out, right? Crypto has a future and I’m interested on taking at least a part of the ride!

    • Dear Max,

      People are making a lot of money with bitcoin. This is why I wrote this article on 7 proven ways you can make money with bitcoin from any where in the world.

      Though, it is a risky business but life is risky itself. And it is risky not to take a risk.

      I am happy you liked my write up.

      Regards

      John

  2. Dear John,

    Great article, I found this piece of content super informative on the best practices with Bitcoin.

    However, I have been skeptical to join in on Bitcoin due to the recent decline in value.

    I was wondering if you have any opinions on the recent decline or any projections for the future?

    Thanks.

    Steve

    • Dear Steve,

      Thanks for reading my article on 7 Proven Ways of Making Money With Bitcoin. Bitcoin downward trend is a plus to anyone that is ready to take that risk.

      Do you know what Buffet said? Warren Buffet said, ” Buy when people are selling and sell when people are buying”.

      If you really want to have and build your cryptocurrency asset. This is when to buy big. Buy and hold it for a long long and long time.

      That is how you can be a millionaire in many years to come.

      What do I think about bitcoin valuation? Bitcoin will come back big time.

      Bitcoin is like a ghost, you can not see its end. It will rather see yours!

      Regards

      John

  3. Hi John,

    There is money to be made with Bitcoins. The methods explained in this article is very good.

    You can buy Bitcoins and keep it in your e-wallet until the price increases and then sell them.

    Regards

    Conraad.

    • Dear Conraad,

      Thanks for reading my article on 7 Proven Ways of Making Money With Bitcoin.

      Many are making thousands of dollars daily trading bitcoin. It is a serious business and only the bold are ready to share among this risky full business.

      It is time to buy bitcoin and hold for a long time. I am sure the price will climb up in future. Note though that it is a RISKY business.

      Regards

      John

  4. Very useful article, thank you. Do you have any more information about White Label Opportunities? It sounded like a quite safe and legit way of making money with bitcoins, I would like to know more about it.

    • Dear Sarah,

      Thanks for visiting my page and reading my article on 7 major ways you can make money with bitcoin.

      I will get back to you on white label opportunities.

      Regards.

      John

  5. My son bought Bitcoins when the price were low and sold it at a profit, so I know you can make money on line with Bitcoins but you must have a good understanding of how the hole concept works.

  6. It is obvious that the future is all about cryptocurrency.

    I am very much interested, but I have doubts and questions as a human.

    The first is since it is not controlled like the conventional legal tenders, how are losses mitigated?

    Also, since they are several coins popping up, which is the safest to trade with?

  7. The subject bitcoin is some how abstract in nature. Many people do not understand and this includes me. From what I read on this blog, is like there are many aspect of bitcoins.

    Which part of the bitcoin can earn me much more money online?

    Please revert.

    Emmanuel qu.

    • Thanks Emmanuel,
      As you have read, we can make money online with bitcoin in the following ways:
      make money buying selling bitcoins
      Investing bitcoin mining
      Trading options as business
      Bitcoin aliens faucet
      Buying bitcoins cash
      Invest bitcoin stock
      Coin and collecting
      ETC.

      The best ways to make money on line is to have your own website and start educating people on several ways to make money with bitcoin. With this you can make huge money online promoting bitcoin online.

      I hope you are okay with my answer, feel free to ask any question that may come your way.

      Regards

Leave a Reply to Conraad Cancel reply