In 2021, it has been 12 years of bitcoin in the cryptocurrency industry. Till the time everyone must have heard about bitcoin once in their lifetime. Bitcoin is getting mature as the time is passing and along with its maturity, money-making opportunities are also increasing. Now, more and more people are learning about how to make money with bitcoin and figuring out how to invest in this market.
If you are one of them who wants to learn more about bitcoin and thinking to invest in the bitcoin market then here we have got a compiled list of all the methods that you can use to make money with bitcoin in 2021.
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Bitcoin Mining
The very first method to get bitcoin is by bitcoin mining. Bitcoin mining is an act of solving complex mathematical problems by using powerful computers. The person who solves these mathematical problems is known as miners. Miners get a fraction of bitcoin as a reward when they crack the code and find the solution.
Bitcoin mining is just like a race in which miners try to solve the problems fastest and get bitcoin in return. Earlier bitcoin mining wasn’t so complicated. But now the tables have turned. Now, to mine bitcoin a, there is a requirement of super-powerful equipment that will cost you thousands of dollars along with that you will face huge competition as well.
Bitcoin mining is not the best and profitable way to earn bitcoins. Because the more you spend on equipment, the less becomes your profit margin. In current time, bitcoin mining is not as profitable as it used to be.
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Bitcoin Trading
Bitcoin trading means taking benefit of its high volatile nature. BTC trading needs a lot of knowledge and practice of the market trend. So, before starting, do your homework carefully before starting it. You can use any style of trading which suits you. Some of the famous styles of trading are:
- Day trading
- Swing trading
- Arbitrage
All the above-mentioned methods need a lot of practice. So, if you are just starting out, do not expect quick returns. Just do a lot of research, find out which strategy will suit you best and keep trust in yourself.
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Buying and Holding Bitcoin
Buying and holding are the most convenient and newcomer-friendly strategy out of all. You just need to get a bitcoin wallet, buy bitcoin and hold it by keeping the hope that the prices will spike in the future. There is no definite time to hold your BTC. it could take weeks, months or years to increase the price of bitcoin.
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Accepting Payment in Bitcoin
As bitcoin is getting more mature with time, the number of businesses are increasing, which accept payment in bitcoin for their services and products. So if you are running a business, then consider BTC as a payment option.
Accepting bitcoin as a payment option will broaden the reach of your business, speed up the whole process of payment and will make payment secure. For both online and offline business, it is easy to accept bitcoin as payment. Further, you can use these BTC to invest, and you know; eventually, the price will go up.
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Earn BTC from Affiliate Marketing
Affiliate marketing is a very renowned method to make money with bitcoin by recommending products and services to customers. Several companies use affiliate marketing to get new clients. All the companies offer different types of incentives in return for the customers they get. So, carefully research the program in which you want to invest your time. There are various affiliate programs in the market which allows you to make bitcoin. Look for those programs carefully and try it.
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Pay-to-Click (PTC) and Micro jobs websites
There are a lot of websites in the market which pay bitcoins when someone clicks on a link or watches an ad. However, they pay a tiny amount in return, so making bitcoin this way is a very laborious and time-consuming task. If you have a lot of time, then this is an excellent way to make quick money.
Also, there are some websites which pay you a very small amount to finish simple tasks such as filling a survey, watching videos etc.
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Using Bitcoin faucets
If you are one of those people who likes to fill the surveys and get tempted to answer whenever they see a survey? Then this method is for you. Have you heard about Bitcoin faucets?
Bitcoin faucets are mainly a reward system which provides fractions of bitcoin to the people who complete menial tasks such as answering surveys and watching ads. Some of them also come in the form of minigames.
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Getting Tipped in Bitcoin
Helping out needy people is the noblest thing in the world, and if you are getting a little money in return, then it is even better.
There are several platforms which give a fraction of bitcoin to the people who help needy people in a different manner. The task could be anything like helping people to find something, answering some technical questions etc.
If you are good at anything, help people with your knowledge and get bitcoin in return.
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Lending Bitcoin
Bitcoin is a decentralised currency which makes it easier to make transactions with it. It is because you will not require any authorities to validate your transactions.
Because of this decentralisation, the lending process of bitcoin becomes easy. You can easily lend your bitcoins to potential loanees on a specific interest rate. By lending your BTC, you are HODLing it and also make money with bitcoin and by moving it instead of keeping it in your account steady.
Some websites such as BTCpop, Bitbond, and many more are examples of such lending sites.
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Writing About Bitcoin
Cryptocurrency is quite a new niche, and there are not so many writers who know it in depth. It means that there are a lot of writers who do not know much about crypto but rewrite the content over and over.
So, if you think that this is your niche and you can write decently on it then give it a try and educate the crowd with the knowledge that you have. There are some websites such as Blockchain Aliens and Cryptocurrency News that can pay you for writing about bitcoin. And if you are a professional writer, then you can use platforms like Freelancer and Upwork to get work.
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Bitcointalk Forum Campaigns
If you are a passionate admirer of forums, then you can earn BTC for every post you do. One of the oldest forms is Bitcointalk which was set up by Satoshi Nakamoto. In the crypto world, it is probably the most famous forums that are being used by hundreds of thousands of people.
So if you are a consistent forum writer and also have gained some authority for continuous posting, then you can get sponsored signatures on Bitcointalk on your posts. Hence, you will get paid for every post you publish on the forum.
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Binary Trading
Binary trading was for a very long time in the financial world. And with time it made its way into the crypto world. In binary, there are only two options that a trader has: an expiration time and an option. So the result will also be either out of the money or in the money. In binary trading, a trader is basically trading on where the price is actually going.
For example, the price of BTC is 2000 USD at 9 AM. You can predict either the price will increase or decrease by 7 PM. If your prediction turns out to be true, then you earn, and if your prediction is wrong, then you lose.
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Bitcoin Gambling
gambling is a great market, and it could turn out to be a good income source for you. In most cases of gambling, the house wins always. BUt bitcoin gambling is a unique case. It allows you to earn massive profits by playing many rounds of your stake.
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Bug Bounties
Bug Bounties are a kind of reward or incentives that are provided by organisations or software developers for finding bugs or vulnerabilities in the system. If you are interested in joining such programs, then various peer to peer marketplaces and bitcoin exchanges offers programs like this to improve their system, and in return, they are happy to pay a little.
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Being a Masternode
The master node is a role which keeps an eye on the blockchain in real-time. Same as full nodes, master nodes always stay up and running.
Apart from validating, saving and announcing valid transactions to other nodes, master nodes execute various different tasks with the blockchain such as governing voting events, smooth protocol operations etc. For their services, master nodes are heavily rewarded.
Bottom Line
Now you are all aware of the most usable 15ways to make money with bitcoin in 2021. Now it is time to give it a try. Maybe your efforts will lead you to some huge profits. Find out which way works best for you.
