There are many ways of earning Bitcoins out there. The limit of how much one earns depends on the time, resources, or creativity they invest in the process. Earning Bitcoin is not different from the way people earn Fiat currency. The only difference that in the Bitcoin world, you are your regulator whereas the Fiat currency has regulators. Sometimes it is very easy, and enjoyable whereas other times it is a risky undertaking. The secret behind how many Bitcoins you can earn depends on your patience, skills, and the risks you take. Anybody regardless of their skills, experience, status, or age can earn Bitcoin. Let us highlight some simple and basic ways to earn Bitcoin.
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5 Ways of Earning Bitcoin
Mining Bitcoin: Of course this is the mother or source of all others in the sense that was not for it, there could be no coin called Bitcoin. It is a process of creating digital money through a powerful Computer. However, it is not an undertaking for everybody because it requires a lot of resources. It uses a lot of power, expensive computers, and a spacious storage facility. The reward is good because apart from earning Bitcoins for every block created, you will also earn transaction fees.
Be a Bitcoin Expert Writer: For those of us who are content writers or journalists specializing in writing about the coin could be a worthy venture. Become an expert in the Bitcoin field and request to be paid by Bitcoins. Because the Bitcoin world is always evolving, each day presents an opportunity to tell a new story about BITCOIN. Therefore, you will never lack news or information to share about Bitcoin, as I am doing right now. I am telling you, you will be able to earn a lot of Bitcoins so long as your content is pure Gold.
Shopping Gift Rewards: In this cluster, you can earn by shopping online. There are shopping firms that offer Bitcoin rewards of up to 30% of total purchases. It is simple just download their extension and you are ready to go. Some of these major shopping rewards firms include CoinCorner, Lolli, and others. They collaborate with international brands like Booking.com, Europecar, Nike, Vodafone, and Stapples among others.
Staking: Staking is holding some portion of your investment to participate in a certain crypto coins network to validate transactions. It is possible with Bitcoin and you can make a good fortune from staking. It is a low power consumption process and allows one to become a validator. The more Bitcoins you stake the higher the chances of becoming a validator thereby earning rewards.
Becoming a Specialized Bitcoin Trader: It is one of the best ways of earning Bitcoins, however, it has its fair share of risks owing to the volatile nature of Bitcoin. It entails buying the coin when the price is low and selling when the price goes up. You must be ready to learn to avoid obvious mistakes. It works best when one does it for a long-term investment. Equip yourself with the relevant skills, time, and enough capital to become successful in this field.
The list is not exhaustive, there are more ways of earning Bitcoin depending on your preferences. However, each method one uses has its merits and demerits. Some of these methods carry high risks and will require someone who is a risk-taker. Finally, investing in your Patience pays a lot.
