Saddam Wasif
In fact, receivable one Bitcoin per day seems like a fairy tale, isn’t it? Cryptocurrencies, and the way to earn Bitcoin fast in particular, are part of the concerns of many people. But to get to the level of earning one Bitcoin per day is not easy. The process involves understanding; planning; analysis; and often, many hints of serendipity.
In this article, we’ll try to untangle some practical steps in order to help you with this task. That is the key message – there is no trick the third time around. It is about knowing your market, doing what works and being dogged in your approach.
Table of Contents
Invest in Bitcoin Mining
Mining is one of the ways through which people can acquire this virtual currency since its inception. It entails application of powerful computers in solving of sophisticated mathematical calculations. When your system solves one of these problems you get paid with Bitcoin. But, in order to achieve one Bitcoin per day, the hardware investment is quite considerable.
What You’ll Need:
Items used in the mining process such as ASICS which are high quality mining equipment.
Availability of cheap power (mining is capital intensive especially in power consumption).
Bitcoin could be described as a well-organized network and each participant must comprehensively understand its functioning.
Mining, however, may not be for everybody because it involves a good amount of initial capital investment and technical know-how on the part of the miner. If you want to start mining or already want to deep dive into the domain, then watch this video about Bitcoin mining.
Trading Bitcoin
Trading is one of the quickest ways of maybe earning Bitcoin but then again, it involves certain risks. If one is sharp in trading especially the use of indicators that show how the market is running it could be very lucrative. Most traders get bitcoin by using it to make trades, that is buying it at a lower price and then reselling it when the price has gone up.
Tips for Trading Bitcoin:
Subtopics therefore include the following: Learn technical analysis to comprehend trends in the market.
Crypto also impacts its prices therefore it is important to be informed with news regarding the crypto.
Invest little at first and gradually build up your stakes.
Here is a video for newcomers to #trading in which you can see how to begin with Bitcoin. It is general and suitable if you’re a starter at trading.
Of the promotions strategy, Bitcoin affiliate programs
Almost every company is providing the affiliate program that uses Bitcoins to pay the participants. In its imoat of all the methods used in the imementation, this is one of the easiest that can be applied within the shortest time easily by newcomers. The only condition that is mandatory is that you need to earn your revenues by selling some kind of product or service. Each time you click a referral link that you are using to make a purchase, you are paid commission in bitcoin.
How to Get Started:
Sometimes it is better to pick an affiliate program that will pay in Bitcoin
Develop a blog, website or social network for the purpose of product endorsement.
Use your referral links in areas where you believe those who are interested will click.
Here is the link to a video we have about that topic: How to Make Money through Affiliate Marketing that will guide you in setting up your own affiliate business.
Here’s a shortened version of the table:
| Method | Investment Needed | Potential Earnings | Risk | Ease | Video |
|---|---|---|---|---|---|
| Bitcoin Mining | High (Equipment & Power) | High | High | Difficult | Bitcoin Mining |
| Bitcoin Trading | Medium (Initial Investment) | High (If skilled) | High | Medium | Trading Guide |
| Affiliate Programs | Low (Time & Effort) | Medium | Low | Easy | Affiliate Marketing |
| Freelancing for Bitcoin | Low (Skills & Time) | Medium to High | Low | Medium | Freelancing for Bitcoin |
| Bitcoin Lending | Low to Medium (Bitcoin Amount) | Medium | Medium | Easy | Bitcoin Lending |
| Bitcoin Jobs | Low (Job Applications) | Medium to High | Low | Medium | Crypto Jobs |
| Airdrops & Faucets | None | Low | Low | Very Easy | Bitcoin Faucets |
This condensed table summarizes key points for each method which allow to compare the options within a short amount of time.
Needless to say, freelancers can earn Bitcoin through freelancing.
If you have a speciality – writing, graphic design, Web Development and the like – you can earn your Bitcoin rewards through your work. Today most platforms own the ability to pay independent contractors in Bitcoin; therefore, one can earn in Bitcoin daily if he or she has loyal clients.
Best Platforms to Offer Your Services:
Bitwage
Cryptogrind
XBTFreelancer
This video tells how to begin freelancing and earning money in Bitcoin. It will display to you how to begin making Bitcoin income by providing services online.
Sponsored lending for bitcoins
If you already own Bitcoin but wish to generate more profits then you can lend your crypto to others. When lending you earn interest on your Bitcoin just like a bank does. Several platforms allow you to do this safely, and it’s an excellent way to grow your Bitcoin holdings without much effort.
How it Works:
Select a credible lending company (BlockFi, Nexo, etc.)
Store your Bitcoin and get a return on that Stored cash.
See the Bitcoin balance increasing from day to day
For more information about this passive income strategy watch this video about lending and earning Bitcoin.
Work for Bitcoin Companies
It has emerged many firms have recently promised to pay their employees in Bitcoin. If you are interested kind of a company that deals with the cryptocurrency then join the company. This could be in marketing, coding, customer support or in any other field of your line of business. The supply may be a tendency to get high-rewarding offers with Bitcoin payments as these companies expand.
How to Find Bitcoin Jobs:
Visit cryptocurrency and blockchain job sites (Crypto.jobs, AngelList)
Connect with professionals in the industry via the LinkedIn social media platform
Be engaging and participate in any Bitcoin and cryptocurrency focused groups
David’s video on how to search for remote employment in the Bitcoin market for helpful guidance on where to start.
Two other ways to earn Bitcoin are Airdrops and Faucets
Airdrops and Bitcoin faucets are two of the cheapest ways to get free bitcoins.These, of course will not make you a Bitcoin millionaire and won’t even get you to a whole one Bitcoin per day, but they are a fun and relatively simple way to make some pocket money whilst exploring the world of crypto. Faucets are websites that provide users with little amounts of Bitcoin in exchange for some very easy tasks. H collapse Airdrops are events organized by various firms, where they distribute new cryptocurrencies for free.
Where to Find Airdrops and Faucets:
At CoinMarketCap there is a list of active airdrops
Some of the interactive bitcoin faucets include FreeBitco.in, and Cointiply
Get more information about faucets and airdrops by reading this video tutorial about how to use Bitcoin faucets.
Final Thoughts
It is relatively easy to make one Bitcoin per day; however, one will need to work, study, and spend much time doing it. No matter the niche you decide to delve into; mining, trading, freelancing or affiliate marketing, remember that the most important thing is to be consistent. Do not expect change to happen within a short time but ensure that you set up for the task.
Beginner, plan more and experiment, for with good approach; one could be a holder of one Bitcoin a day.
Of course, if you are still confused about where to begin, I also recommend this video, where I described multiple methods to earn Bitcoin effectively.
