If you are looking forward to making quick money on your mobile or computer, invest in bitcoins. This decentralized digital currency has been growing, and many people are using it. However, investing on bitcoins may cause much risk as the profits. It can earn you some real money and at the same time you may lose. You, therefore, need to be informed with bitcoins before you get started.
How to get Bitcoins
First, you need to choose your bitcoin wallet that will contain your bitcoin address. You can now begin purchasing bitcoins from Coinbase. You can also earn bitcoins through different ways;
Accepting bitcoins as a payment mode; you can create a â€bitcoins accepted hereâ€™ logo at your store. Similarly, you can also have an online bitcoin wallet from Coinbase, which will contain your bitcoin address. The QR- code will calculate the value of the corresponding Bitcoin and display it next to your cash register. This will earn you bitcoins as means of payment.
Earning bitcoins through mining; this is a way of generating new bitcoins through your computer. The computer can find new block chains which contain a certain number of bitcoins. Mining may be costly and time- consuming, and so you may join a mining pool. This way, you do not need to create your mining farm, but you meet with other people online.
Getting bitcoins as your income; there are some companies which will pay you in bitcoins. You may also choose to join a bitcoin affiliate program to earn bitcoins. In the same way, you may create your bitcoin -related business where you provide goods and services to earn bitcoin
Selling bitcoins on LocalBitcoins; this is a healthy market for purchasing and selling bitcoins. Here, clients are always ready to buy bitcoins using other means of payment such as PayPal, Amazon GiftCard, and many others. These customers may pay a premium of up to 15% for this purchase. You can also find local buyers.
Arbitrage involved in different exchanges; this is simply buying bitcoins from one exchange and selling them on another. Likewise, you earn some percentage of these holdings. The popular exchanges are Bitstamp, Coinbase, BTC-E, and Bitfinex. However, this market is volatile and changes within a short period. Since purchase may take a few days, the price may significantly move to different levels. This exposes your risks of losing all margins on that arbitrage.
Creating your bitcoin faucet; this is a less risky way to make money with bitcoins. This faucet is an open source where you sign up with your email address and bitcoin address. You simply then monetize the siteâ€™s traffic through Google ads or other advertising systems such as Bitmedia or Coinad.
Lending bitcoins; you may also decide to give out bitcoins then earn a profit on them. You can use the person to person lending services such as BTCjam, Bitcointalk, and Bitbond. The collateral received from this lending may be Altcoins, which you convert to profit. However, there is a risk of fraud since some people may use stolen or fake credentials.
Gambling; if you may have luck, you can try out gambling. This may work if you are familiar with poker and online casinos. You use bitcoins, and if you win, you earn some considerable amount of money. However, the risks are always high, and you may end up losing more money than bitcoins you made.