5 Sure Ways Of Making Money From Bitcoins
There are multiple ways of making money from bitcoins but the I’ll be discussing the clear cut methods. Each method has their risks and profit generating abilities. You could decide to try one or all of the methods I’ll be telling you about. It all depends on what you are comfortable with. The methods are:
This is the simplest method of making money from Bitcoins. The business model behind bitcoin faucets is simple, monetize the traffic via ads on the site. When you sign up to the site with either your bitcoin address or your email or both, you are presented with a captcha to fill in order to receive a small amount of bitcoins.
Bitcoin faucet is a website that gives out a small amount of Bitcoins to its visitors…read more
Arbitrage is just a fancy word which in lay terms is defined as the practice of quickly buying and selling currencies in different markets in order to make a profit. This one is a bit higher risk than starting your own Bitcoin faucet but the reward is greater. Arbitraging between Bitcoin exchanges entails buying bitcoins at…read more
One can earn money by trading bitcoins with other currencies. How is this done? Simple, you buy bitcoins from a Bitcoin vendor or exchange example and sell it back to when the value of Bitcoin has increased, just as in forex trading.
Using US dollar as an example, when bitcoins are being traded centrally there are fluctuations in their dollar value. Hence a speculator will buy bitcoins when there is a drop in their dollar value and sell when there…read more
This is yet another way to make money with Bitcoin and this involves lending your Bitcoins using reliable and efficient p2p (peer-to-peer) lending services like… read more
The Bitcoin network pays Bitcoin miners for their effort by releasing bitcoin to people who contribute the required computational power. This comes in the form of each newly issued bitcoins and from the transaction fees enclosed within the transactions validated when mining bitcoins. The more computing power you contribute then the bigger your… read more
a) Cloud mining
This is an alternative to mining bitcoins yourself. This can also be referred to as bitcoin mining by proxy. What do I mean? Now instead of going through the hassle of buying a hardware and putting up with heat and incessant humming sound generated by bitcoin miners, you could make a contract with a mining company to….. read more