The price of bitcoin is now lower than ever, but there are some indications that it will grow significantly in the future. Therefore, this is the perfect time to get yourself some bitcoins and turn a profit when their value spikes. However, even though the price has dropped, bitcoin is still not that cheap, meaning that a lot of people are still unable to afford it.
Are there any other ways of earning bitcoin online? There certainly are. Some are more popular than others, and some will earn you more coins than others but those usually come with higher risks as well. In this article, we will tell you about some of the best ways that you should try, as they have worked for many people in the past.
1. Bitcoin Casinos
Are you a fan of gambling? If you are and you are particularly good at it, gambling with bitcoin is a great way to earn this cryptocurrency. There is a large number of reputable online casinos that accept bitcoin — you can try this method in some of those casinos. Moreover, many websites allow you to deposit in a fiat currency and withdraw bitcoins, which is quite handy if you have no coins to begin with.
Even if you are not a skilled casino player, you can try your luck with a bitcoin jackpot slot that requires very little knowledge. It doesn’t matter if you’re playing for the first time ever — if luck is on your side, you might end up winning a jackpot. However, it’s important to remember that this method carries a lot of risks, even though the reward is potentially big.
2. Micro Tasks
Micro tasks are another great way of earning bitcoin online. This method does not include any risks, but the yield is not very large. Bitcoin microtask platforms require users to complete simple tasks, such as filling out surveys, testing software, watching videos, and so on. In return, users are rewarded with bitcoins.
The rewards you get by using this method are usually small, so you need to invest a lot of time to earn one whole bitcoin. The most popular platforms that you can check out and start with include BitcoinGet, Coinbucks, Bituro, and BitcoinReward.
3. Bitcoin Faucets
Bitcoin faucets are very similar to micro tasks, but they are not completely the same. Bitcoin faucets are probably the easiest way to earn bitcoin as they require very little work and very little skill. They are basically websites that require visitors to view ads and complete captchas, which is rewarded with satoshis. Satoshis are very small parts of bitcoin (1 satoshi equals 0.00000001 bitcoin).
Bitcoin faucets are fun to use, and they are a great way to spend time in a constructive way. Instead of browsing through social media or watching pointless videos on YouTube, you can get “free” bitcoins. Unfortunately, payments are not high enough to earn you a living wage, but if you’re persistent enough, you can get a nice bonus. Some websites to consider include MoonBitcoin, BTCClicks, and FreeBitcoin.
This is perhaps one of the best ways of earning bitcoin online, as it offers the highest potential yield. If you have a skill that you can offer online on popular freelancing websites, you can require to get paid in bitcoin. Not all clients offer this possibility, but more and more of them do nowadays.
Some popular freelancing skills that are in demand online include graphic design, copywriting, SEO, advertising specialists, web and app development, and so on. However, one problem with this method is that the price of bitcoin and other cryptocurrencies is quite volatile. Therefore, if the price drops, you’ll end up getting paid less than what your work is actually worth.
5. Bitcoin Cloud Mining
Have you heard of bitcoin mining? It is the process of using powerful hardware to complete complicated digital calculations and earn bitcoin and other cryptocurrencies. However, this process requires you to invest a lot of money in hardware. Also, note that it will need to be replaced after some time.
An alternative to this traditional form of mining is bitcoin cloud mining. It refers to renting the mining hardware from big cloud mining companies by paying them a small fee. Therefore, you can mine cryptocurrencies from your home, using your computer, without having to own all the hardware yourself. The contract that you sign with the company is usually time-limited, but there are also some companies that allow you to sign indefinite contracts with them. One of the most popular ones is called Genesis Mining.