Cryptocurrency has not yet been able to replace fiat money, but has won a solid position in the investment market. The most reliable object for investment is Vitcoin. Over the ten years of its existence, it has managed to surprise many skeptics who argued that blockchain-based virtual coins have no value. Digital gold is of great interest to people who were not previously interested in cryptocurrencies. Today, hardly anyone would deny that the blockchain industry has endless development prospects.
And that means that you can make good money in this niche. Bitcoin as the main digital currency, called the "grandfather" in the jargon of crypto-gamblers, ways to make money on Bitcoin trends will be discussed by us in this article.
When representatives of the "old guard" hid their savings in a piggy bank or placed them on a deposit at a few percent per annum, more advanced investors bought Bitcoin. How to make billions by correctly assessing the prospects of innovative technology, you need to learn from them. However, even now you can earn bitcoin from scratch, and do not be afraid that cryptocurrencies will collapse at the same time.
Such a scenario is absolutely unrealistic, the distributed ledger systems, on which all digital coins are based, are already used in many spheres of human activity, and this is just the beginning. Cryptocurrency is the money of the future and you just need to start making bitcoins right now. Of course, without the initial investment, you cannot get real profit, but you can start small and then develop your business. Let's list the main ways to earn bitcoins and tell you about each of them in more detail.
On the Internet, you can find articles in which direct investment in cryptocurrency is considered as a way to earn it. It is unlikely that such a formulation can be considered correct.
This means that blockchain assets are just a financial instrument for him or an option for saving capital. Of course, this does not mean at all that buying a cryptocurrency is unprofitable and unpromising business. But let's take a look at how bitcoins are made.
Mining with special equipment
Mining is translated from English as mining. Therefore, the owners of computing power are often referred to as miners working in mountain basins. Unlike an ordinary mine, they come to a virtual mine with their own instrument. Mining is a fairly serious investment and special skills for setting up and maintaining a farm.
To mine BTC in the pool, you need:
- Buy ASIC miner is a special device on integrated circuits, sharpened for the generation of cryptoblocks on the SHA-256 hashing algorithm. The new ASIK for bitcoin mining costs about 3-5 thousand US dollars, depending on which model and where exactly you will buy. It is recommended to purchase mining equipment only from authorized dealers and large companies with a good reputation in the market.
- To receive payments, you need a bitcoin wallet. You can download a free program to your PC or smartphone, but the best option for long-term storage of digital currency is to buy a Trezor or Ledger hardware safe . A hardware safe is a mini-computer made in the form of a flash drive with a small display. The only purpose of such a device is to tightly block access to the secret keys of your crypto wallet for attackers. You can buy a hardware safe at any major electronics store or order it on the manufacturer's website. The cost of a new device from an authorized Trezor dealer is from 6890 rubles.
- You will have to pay quite a lot for electricity. One ASIC miner consumes 1300-1600 watts. Also keep in mind that the device is very noisy and cannot be used in residential buildings, as well as in rooms with temperatures above 30 C and high humidity.
- You will have to independently prepare the device for the first launch, set up a connection to the pool for collective mining and monitor the mining process.
Cloud mining
Mining cryptocurrency in the cloud does not require large investments and special skills. You buy a certain amount of computing power of equipment that is located in a remote data center and receive payments in cryptocurrency. The minimum contract amount can be only a few thousand rubles. You only need to conclude an agreement to deposit money and indicate the number of the crypto wallet for payments. It would seem that everything is simple and convenient, but this way of earning bitcoins has its drawbacks.
- There are many scam projects in this segment of the cryptoindustry. Fraudsters open fake cloud mining sites, and after collecting a certain amount, disappear with the clients' money.
- Even those companies that pay honestly try to hedge themselves against possible risks associated with market volatility and the increasing complexity of production. Therefore, carefully read the terms of the contract before sending money.
- Cloud mining sites, like crypto exchanges, primarily suffer from hacker attacks. An example of this is the hacking of the Nicehash service in 2017, then the management decided to pay out to the affected customers, but they still have not fully paid off.
But if you follow the safety rules, then investing in cloud mining is profitable. Bitcoin continues to gain popularity and its value does not fall much, but will only grow. Your money works for you and you don't have to mess around with a mining farm.
Performing tasks on special services
CoinWorker allows the ability to earn bitcoins using only your computer.
- Register and enter your bitcoin address to receive payments.
- Earn points by completing short analysis tasks in your internet browser.
- After you collect 200 points, they are converted into bitcoins and paid directly to your address, usually within a day.
Your pending balance and recent earnings history are always visible in the public records of this site. CoinWorker resembles a bitcoin faucet, or rather the process of mining with your own mind, and not with the help of ASIC.
On the BitcoinTalk resource, you can earn bitcoins for texts with useful information about the cryptocurrency. In 2014, the forum launched an advertising campaign for digital assets, in which members are rewarded for every post that carries meaning. The payout amount depends on the user's status on BitcoinTalk. Newbies get very little, but if you can write 120 useful messages, then you will be charged 0.0005 BTC for each article.
Investments
The developers of virtual coins hold fundraising campaigns for the further development of the project. Over the past 5 years, crypto enthusiasts have had the opportunity to participate in ICO, DAO, STO. Investors investing in the blockchain project received digital tokens that can be profitably sold after the new coin appears on the trading floors. Unfortunately, this did not always happen, many developments are an outright scam, the only purpose of which is to lure money out of unlucky investors.
An alternative to ICO is Initial Exchange Offering , which translates as initial exchange offer. Unlike outdated types of crowdfunding that have compromised themselves, IEO is strictly linked to a specific exchange. Its administration must study the project before listing, and conclude a preliminary agreement with the developers, which regulates all the main parameters. Potential investors know in advance the value of a digital coin, the maximum emission volume and all the details of the distribution of their invested funds.
Trading and buying bitcoins on the exchange
The point of trading on a cryptocurrency exchange is speculation on changes in the exchange rate of coins. Whole strategies have been developed to determine the best time to buy and sell. Business is quite risky, requiring a certain mindset and psychological attitude. But by successfully playing on the periodic ups and downs of altcoins, you can multiply your digital assets.
But, if you do not want to risk your hard earned money, then you can consider the option of a long-term investment. To do this, you can simply buy Bitcoin in an online exchanger and wait for the cryptocurrency to rise in price. Currently, you can buy cryptocurrency for rubles in the Matbi multicurrency online exchanger . The service is completely Russian-speaking and is suitable for both a beginner and an experienced crypto investor.
As we said at the beginning of the article, buying bitcoins on an exchange or exchanger is a long-term investment. The emission of the first cryptocurrency is limited and over time, bitcoin will increase in value. It is quite easy to buy Bitcoin for dollars or rubles in an exchanger.
- Go to the bestchange.ru service and specify the payment system. When choosing a service, pay attention to the minimum payment amount and the rate.
- Go to the selected resource and exchange fiat money for cryptocurrency following the instructions.
You can make a better deal on the exchange, but identity verification is required. You will need to upload scanned copies of personal documents and bank account, and wait for the security service to check.
To make money on crypto exchanges more efficiently and with less risks, it is reasonable to use trading bots - specialized software that automatically buys and sells cryptocurrency in accordance with the specified settings. Connection to the exchange is carried out using API keys.
An example of an effective trading bot is Bitsgap. It is worth noting its functionality: in addition to the basic options, there are opportunities for instant tracking of market changes, arbitrage rates, and investment portfolio management.
Features of working with Bitsgap:
- You can connect over 25 trading platforms, including almost all of the most popular.
- The portfolio provides information on all available assets and changes in their value.
- Professional trading signals are a useful option for experienced traders.
- The ability to create a specific trading strategy that the bot will follow.
- "Smart orders", testing based on historical data, Trailing Bot.
- Grid system to ensure the highest possible profit. A grid of orders is created; it is almost impossible or too time consuming to do it manually.
- 100+ popular trading indicators.
- Customizable interface display modes - dark or light theme, trade visualization. Full Trading View support.
Bitsgap is a paid tool. You can try its functionality for free within fourteen days from the date of registration, after which you will need to purchase a tariff plan. The cheapest plan is $ 19 per month. It imposes a $ 25,000 limit on monthly trading turnover, and arbitrage and take-profit options are not available. The professional plan costs $ 110 per month and removes all restrictions, and also gives you the opportunity to use priority technical support.
Thanks to the API connection, the Bitsgap platform instantly monitors all balance changes on the connected exchanges, can independently create the necessary orders. Every bot action is tracked in the interface, as well as its performance. The service works completely in a browser, you don't need to download and install anything.
Official website of the platform https://bitsgap.com/
Free Coin Distribution Faucets
Bitcoin faucets appeared a year after the creation of the cryptocurrency. In 2010, Bitcoin Fundation employee Gwen Andersen launched the first Bitcoin Faucets. Initially, it was possible to get 5 bitcoins at once on it, which was equal to $ 0.05 at the current rate of the coin. The client had to view an advertisement or solve a simple captcha. The goal of the project was to popularize cryptocurrency. Each user acquired a wallet for paying rewards and received basic skills in the blockchain network.
Today there are many websites with faucets for bitcoin, other cryptocurrencies and fiat money. They are created to earn money for owners by placing advertisements. Some do pay small amounts, but there are also outright crooks. The point of cheating is to get people to watch ads and not pay anything. You expect to collect the amount for withdrawal in 2-3 weeks, but, in the end, the number of distributed coins decreases sharply, and the withdrawal is debugged indefinitely. A list of trusted sites can be found on the internet. But, in any case, bitcoin faucets cannot be called serious earnings, they are suitable only for the first acquaintance with cryptocurrency.
One of the programs that collects bitcoins on the machine can reduce labor and time costs. They integrate into the browser and independently visit Internet taps, performing clicks or solving captchas for you. But be careful not to pick up spyware or hidden miners instead of a bot to automatically collect satoshi.
How and where to earn bitcoins without investment
There are many games of various topics on the network in which you can try to earn cryptocurrency. The best resource with over 600 gaming software is Bitstarz. You have a chance to win bitcoin or other crypto coins without investing a dime.
The Alphateca cryptocurrency marketplace platform allows users from all over the world to post ads for the purchase and sale of various goods for virtual money for free. Its main task is to make available international Internet trade using cryptocurrencies. Register, select a category, add a description and post an ad for selling your products for bitcoins. The money transfer fee is charged to the buyer. It is possible to sell both at a fixed price and at an auction.
Bounty and airdrops
You can earn bitcoin, or rather a few thousand Satoshi from scratch, by participating in Airdrop and Bounty programs. The terms airdrop and bounty are often confused in fact, they are different events.
- Airdrop is a free distribution of digital tokens to participants for completing simple tasks. Usually registration and writing of a post in the Telegram group is required.
- Bounty is more suitable for qualified professionals. Often you will need to translate an article or work on the design of the site.
The amount of reward in the bounty campaign is much higher than in the airdrop, but it takes longer to wait for the payment. And, of course, nobody pays in bitcoins. You will receive a digital coin of this crypto network, which, after its release on the exchanges, can be exchanged for BTC.
How much do they earn on bitcoins
Bitcoin can be earned by providing services related to the scope of digital currencies. On the BitcoinTalk and Coinality sites, you can search for information about companies that need:
- Blockchain programmers;
- Web portal administrators;
- Graphic designers;
- Virtual Coin Mining Experts.
And also other specialists in the field of informatics.
There are online services where you can lend cryptocurrency at interest. The best P2P bitcoin lending platforms are:
- Biterest;
- Bitbond;
- Loanbase.
Of course, this activity is quite risky and is hardly suitable for a beginner.
Another lesson for specialists is the work of an escrow agent for arbitration of transactions in bitcoins. According to the new Russian legislation, escrow agents can be not only banks, but also individuals. The job of such a specialist is to deposit cryptocurrency until the terms of the deal are met.
Withdraw bitcoins
In traditional and cloud mining, as well as when buying cryptocurrency in exchangers and participating in the Bounty and Airdrop programs, the withdrawal of cryptocurrency to the user's wallet occurs automatically. You need to withdraw coins from deposits of trading platforms and Bitcoin Faucets sites yourself.
Never keep money on a crypto exchange for longer than it is necessary to perform trading operations. It is much easier for hackers to combine computing power to attack the exchange, where there is always something to profit from, than hacking into personal wallets.
The withdrawal rules differ slightly on different platforms, so read the terms of the user agreement carefully. In any case, you need to create a personal wallet by selecting it from the list of reliable programs, and indicate its address when processing the withdrawal of cryptocoins from the exchange.
Conclusion
Earning Bitcoin is no easier than earning $ 10,000, which, at the moment, is its equivalent. The times when they gave away not even 5, but at least 0.1 BTC for free have sunk into oblivion, and now digital gold must be mined by the sweat of a brow. But, this is a worthwhile occupation, which is better not to be put on the back burner.
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