This article was last updated on April 16, 2022
Bitcoin is a digital currency that started back in 2008, and it changed the world within 11 years. Some people think because it’s digital it must be easy to earn it. While it has brought many new earning opportunities with it, you still have to work hard and take risks in order to earn through bitcoins. Here I’ve shared some of the most common and easy ways to make money in bitcoins.
Get an Interest Account for Crypto
There are many companies that give you interest for keeping your bitcoins in their accounts. They work like banks where you can store and transfer your money. Some companies give you a weekly interest, some monthly, and some bi-annually, depending on their policies. Earning through interest is just as easy as it can get. Simply put your money in an interest account, and get profit for doing nothing. The company invests your bitcoin in several businesses, and give you a decided share from the profit they earn. You can visit the website of BlockFi at this link to learn more about bitcoin interest wallet.
Mine Your Own Bitcoins
It’s different from gold mining. Instead of using a shovel to dig the ground, you use computers to process online algorithms in return for bitcoins. It’s a high investment high return method of earning bitcoin. Many services on the internet need powerful processing power for complex algorithms to keep their business running. Bitcoin miners purchase powerful computers of their own and lend its processing power to those who need it.
You have to keep the device always running and connected to high-speed internet in order to earn through mining. Many IT companies have adopted this method to increase their ROI. You can become a part of a mining pool to work together and earn more if you don’t have the investment to buy a lot of powerful bitcoin mining devices.
Buy and Hold Bitcoins
When bitcoin started in 2008, no one would take them for free. Even in 2010, one bitcoin was valued at $0.003. However, it reached its highest value of $19,783 in 2017. It has seen many fluctuations and today one bitcoin is worth $6,300. Bitcoin’s price is only going to increase in the future. It may fluctuate, but you’ll see that it comes out stronger in the end. Simply buying and holding bitcoins itself is a great way to earn money. You will have to wait for the right time and may even have to face temporary loss, but you can become a millionaire with the right decisions and luck.
Pay to Click Websites
One of the most common ways of earning bitcoins is through pay to click websites. You will be required to click a few links and watch some websites for a few seconds. You get paid for each click and view – it’s called a bitcoin faucet. This is a very easy and safe job; however, it barely pays enough to pay even for the electricity consumed doing this task. Another way is make a bitcoin faucet of your own and use the blockchain digital marketing services of Searched to expand it. You have to work to earn bitcoins, just like other forms of money. Think like a businessman and you have endless possibilities.