Tips on How to Make Money with Crypto
Cryptocurrencies are the way of the future. The evolution of currency is changing from paper money and metal coins to electronic currencies are happening fast. For several years now Bitcoin has been a popular cryptocurrency, and many people have raked in cash over the years from the Bitcoin. And there are still ways to make money with Bitcoin.
Mining Without a Shovel
Mining Bitcoin has brought wealth to many people. Just like the gold miners of Bitcoin, mining is a gamble. However, if you are technologically inclined this is a good avenue for you to investigate. To mine, you need a Graphics Processing Unit (GPU) or an Application Specific Integrated Circuit (ASIC). If you do not want to mine alone you can find a mining pool and join in on digging for cryptocurrency.
Mining has benefits for the miners and the Bitcoin user population. It adds coins to the miner's bank account without the miner actually paying for the coins, and it is the only way new cryptocurrency is released. There is still some mining left to do, some of the latest reports there are about 3.5 million left to find before reaching the cap of 21 million. According to the Bitcoin clock, all of the Bitcoins will be mined by 2140. So there is plenty of time for mining without a shovel.
Buying Bitcoins and Holding on For Dear Life
The simplest way to make money with Bitcoin is to invest in it. You find a reputable company and create a wallet to keep your bitcoins safe and sound. Then you Hold On for Dear Life (HODL) as the Bitcoin community says.
The investing and HODL method to make money is a good option if you are looking for an investment to add to your portfolio. Some essential things to know are what determines the value of the Bitcoin. These are the factors that establish the value of the Bitcoin:
- Limited Supply
- Liquid (easy to send and transfer)
- Not Likely to Lose its Form
- Worldwide Acceptability
- Can be Divided into Smaller Portions
- Instantly Transferable
Before investing in something it is good to know what makes its value increase and decrease. The Bitcoin's value is increased by people knowing about it, joining the Bitcoin network and commodities. The value decreases if people are not interested or become afraid for some reason. That was the short answer, for the long answer join the Bitcoin talk forum.
Questing for Arbitrage
Arbitrage is another way you can make money with your Bitcoin since Bitcoin is a worldwide currency and other currencies still have an exchange rate. There can be gaps available in trades to make some coin.
Additionally, exchanges do not all cater to the same clients. So there may be some gaps left between orders that you can cash in on. There exist opportunities to buy the Bitcoin on one exchange and sell it on another for a profit. To look for arbitrage opportunities you would do well to look at all the exchanges and their trading levels despite if there are public issues, people complaining about the exchange or even if you had a bad experience in the past yourself.
Looking for arbitrage opportunities requires a little due diligence. You must watch most of the world exchanges and the economic patterns of the world scene. Look for patterns in the order books and significant gaps between orders. You may also want to use an algorithm to help you sell the Bitcoin quickly for a profit.
Collect Bitcoin for Payment
Selling services and products and taking Bitcoin for payment is a way to earn Bitcoin for your wallet. The more people using the coin also helps drive the price up because it makes the Bitcoin more popular. You may also be able to attract buyers that you would not ordinarily attract because you accept bitcoin as a form of payment. Collecting Bitcoin for payment and adding them to your established wallet will help you build a reserve that you can either use or HODL.
Lend a Coin and Gain Some Coin
The Bitcoin is a cryptocurrency so that means it does not require authorities to approve it to be borrowed or lent. You can lend your Bitcoin and receive an interest rate of up to 15%. That is a lot better than letting the money sit in the bank for a messily few percentage points. There are several lend and borrow platforms available in the Bitcoin community to help you make some coin with a loan on your Bitcoin.
There are various sites online that you can earn Bitcoins to add to your wallet. Some have high risk, and low Bitcoin added to your wallet. Other programs take quite a bit of effort, but they come with low risk and a little Bitcoin in your wallet. Some of these Bitcoin earning methods are:
- Micro Earnings
- Owning a Faucet
- Signature Campaigns
- Russian Roulette is also known as Binary Trading
Crypto Traders Travel the Fast Track
Crypto trading is the quickest, easiest and riskiest way to Bitcoin profits. Just as with any trading market, the goal is to buy low and sell high. If you have the time to become educated in investments and a good chunk of cash to invest, this is a fast way to become Bitcoin rich.
The Affiliate Program is a low-risk approach to adding Bitcoin to your wallet. Find a Bitcoin Exchange that has an affiliate program. You put your unique affiliate link on your Facebook or other social media sites. As people buy into Bitcoin then you receive a "thank you" token in your wallet. It is a great program that is easy to integrate without a lot of work or risk. The more people interested and talking and wanting to buy the Bitcoin the higher value your token will have.
Saving the Best for Last
The quickest way to get your Bitcoin is to open a Bitcoin wallet and purchase a piece of coin. You can buy a Bitcoin instantly with cash or debit for as little as $50. Let us take a little time to outline how you can get started with Bitcoin. We are going to break it down to four simple options:
1. Interac E-Transfer
- Purchase from Any Bank in Canada
- Purchase from $100-5,000 Bitcoin per day
- Same Day funding
- Mobile Phone Verification
- A fee of 7.75% or a minimum of $20
2. Bank Wire
- Purchase from Any Bank in Canada
- Purchase from $7,500-$100,000 Bitcoin per day
- Next Business Day Funding
- Mobile Phone Text Verification
- A fee of 4.75%
3. Flexepin Vouchers
- Purchase online
- Instant Buy means Instant Funding
- Mobile Phone Text Verification
- A fee of 7.75% or a minimum of $10
The Interac e-Transfer payment method is a safe way to pay through your email account. The Flexepin Vouchers is also fast, secure and your privacy is protected. You simply go online to TopMeUp.ca choose your investment amount and receive a 16 digit code which gives you instant delivery of your Bitcoin on the web at MyBTC.ca.
Get your Bitcoin to your wallet as soon as possible. Here are a few companies to consider to host your wallet:
The fastest way to buy Bitcoins in Canada is right here. The customer service is top-notch, there is a live rate posted at all times so you can check on your investment anytime you want. You can view your account history by simply logging in and you can click buy here on the home page and we even process a bank wire for you right from the home page.
Bitcoin is the cryptocurrency to make money both now and in the future. There is no running to the "mint" and making more like with paper money. It is going to take a little more time to finish mining the Bitcoins. For those who are not techno-savvy then there are plenty of other ways to invest and make Bitcoin. Start now with locking in your Bitcoin at today's low rate, then trade or add more Bitcoin and "hold on for deal life." Just take a few minutes to go lock in your Bitcoin rate!