So you have read, heard and witnessed Bitcoin traders making money with bitcoin. You’ve decided to give it a try but you aren’t sure where to start.
This article shares quick ways to make money with bitcoin.
The popularity of bitcoin has been because this form of digital money ensures fast and secure money transactions anywhere at any time.
Another reason for its popularity is that it’s not regulated or governed by any law. The network is managed by bitcoin traders and investors.
Here are some of the quick ways to make money with bitcoin in 2019
1. Make Money with Bitcoin through Writing
Cryptocurrency is a new industry and not many writers have shown interest in it. As such the demand for cryptocurrency writers and content creators is growing each day.
If you love writing and particularly about bitcoin, then you can earn big money. Cryptocurrency topics are complex topics to write about. As such, you can charge higher rates for your services.
2. Earn Money Mining Bitcoin
Another way to make money with bitcoin is mining. Well, you don’t need land excavators to mine bitcoin.
Perhaps the reason it is called bitcoin mining is because of how the process of earning looks like.
The main reason why it’s called mining bitcoin is that unlike the paper money provided by governments, miners use software to tackle math problems and are paid bitcoins.
The process used to be simple and the first miners earned thousands of bitcoins using their desktop computers. But as the bitcoin continues to get competitive and volatile, miners use high-end computers an ordinary person cannot buy so that they can mine complex algorithms.
And because earning depends on who can mine fast, expert miners work in teamwork so that they can solve complex algorithms fast. They then share their earning as a team.
Although this is a quick way of making money with bitcoin, it isn’t as viable as it was some years back so new miners have challenges since the prices of bitcoin are also expected to skyrocket. However, if you can analyze the market and predict the future of the industry, you can still earn money with bitcoin.
3. Make Money with Bitcoin by Starting a Bitcoin Website
Another quick way to make money with bitcoin is by creating a bitcoin website.
Start a bitcoin website and update it with fresh and informative content related to bitcoin. You can then place ads on your website and companies will pay you when visitors watch or click bitcoin ads placed on your website. To increase your earning potential, you need to generate more traffic to your website and place bitcoin ads on places they can get more clicks.
4. Lend Bitcoin
With bitcoin and cryptocurrency, you are not regulated by any authorities. That means you can lend bitcoin to potential loanees and earn interest rates.
You can use your preferred lend-and-borrow platform to lend your bitcoin and get an interest rate up to 15 percent.