Interesting ways to earn Bitcoins
If you are interested in Bitcoins then there has to be a way to obtain it. At the end of this article you would know all you need to know if you want to earn Bitcoins for procuring goods and services.
Important Notice: If this is your first bitcoin article then please read the article on getting started and procuring a bitcoin wallet, But if you already know all this then please go right ahead.
Earn Bitcoins by accepting them as a means of payment
If you are interested in Bitcoins then there has to be a way to obtain it. At the end of this article you would know all you need to know if you want to earn Bitcoins for procuring goods and services.
Important Notice: If this is your first bitcoin article then please read the article on getting started and procuring a bitcoin wallet, But if you already know all this then please go right ahead.
Earn Bitcoins by accepting them as a means of payment
In my opinion, the simplest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily.The article How to accept Bitcoin, for small businesses includes more info for online businesses and The Bitcoin Wiki Trade page shows you which other businesses already accept Bitcoin. Add your shop here to get more publicity
Earn free Bitcoins by completing tasks on websites
Earn free Bitcoins by completing tasks on websites
There are many websites which offer you the chance to earn free Bitcoins. With most of these sites, the concept is that you visit the site and just for looking at it you get a small amount of Bitcoins. Here is a list of some sites that you may find interesting.
BitVisitor: Earn Bitcoins for watching Ads. Every Ad is shown for about five minutes and for watching you are rewarded with something like µBTC 100 which means that your hourly payout is something like BTC 0.00012.
CoinWorker: Earn Bitcoins by completing analytical tasks. A user account is required here. I haven't tried this service but payouts seem to be a bit higher than with the aforementioned sites.
Bitfortip: Earn Bitcoins by answering forum questions. This is a nice service because it brings people together who are interested in Bitcoin and many other topics. At the same time it allows to pay rewards in bitcoin for answering questions.
If you already have some Bitcoins, put your Bitcoins to work for you. Earn Bitcoins through interest payments by lending them out.
Lend directly to someone you know allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go.
Peer to peer Bitcoin lending websites with listings from various borrowers are another option. Bitbond is such a peer-to-peer lending site. Borrowers publish funding requests and you can contribute to their loan. Bitcoin loans usually work the same way as fiat currency loans. The borrower gets a certain amount of money over a specified time and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and the borrower needs to be trustworthy.
A Bitcoin banking like model. Here you place your Bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. The good thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins with your Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. However, be very careful, If they don't do a good job in managing your Bitcoins, everything can be lost at once.
Earn Bitcoins through trading
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. If you want to give arbitrage a try, you need to get Bitcoins almost instantly. One of the few sites where you don't need to sign up is bit4coin. If you spot an opportunity and want to act on it immediately, this is a way to get a hold of Bitcoins fast. If you manage to earn Bitcoins from arbitrage, this can be very profitable after all. But start cautiously as it really does require some experience.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency. When the price drops again, you buy more Bitcoins and start all over. For this to work out you either need to be very lucky or capable of predicting the future.
Getting your monthly paycheck in Bitcoins is probably the steadiest way to earn Bitcoins. There aren't many organizations who would pay you in Bitcoins but there are some at least. Also being a freelancer has multiple advantages. You can also work from home for others. Here is a list of sites where you can search job offers or where you can post an offer yourself. It's a very convenient way to earn Bitcoins, because many jobs can be completed from home.
Bitcointalk Forum Services Section is another starting point to look for job listings that are paid in Bitcoins. Some of the jobs are done easily within a short amount of time so it's a good way to earn Bitcoins quickly.
Jobs 4 Bitcoins on reddit has a focus on job listings for programmers. But again, it's not purely programming and it's definitely worthwhile to go through.
BitGigs is an online job board with many diverse job offers.
XBTFreelancer is another job board for gigs that are paid in Bitcoin. These jobs are mostly also software related. If you have programming or other IT related skills it is therefore probably easiest for you to earn Bitcoins with your expertise.
Earn Bitcoins from gambling - not suitable for everyone
Gambling is another way to earn Bitcoins. It's quite high risk but provides high rewards. I have opted out of mentioning any Gambling sites in this particular post, but in my next article I would bringing a comprehensive list for all the different sites to earn bitcoins from
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