According to Bitinfocharts, there are currently 7,771 addresses with Bitcoins worth more than $10,000,000. Bitcoin prices are volatile, but never less, you can still earn from them.
Bitcoin is a cryptocurrency introduced in 2009 by Satoshi
Nakamoto. It is a virtual currency stored in a digital
wallet where transactions between you and another person occur.
There are many ways of making money with Bitcoin. This
article will show you three ways; Mining, Becoming an affiliate, and lending.
1. Mining
In this method, you earn by solving cryptographic
puzzles and the Bitcoin blockchain network.
Mining individually can be straining because of the low
supply of bitcoins. In addition, making huge profits is challenging because of
electricity and maintenance bills.
But this does not mean that you cannot make good profits
from bitcoins. Cloud mining is an excellent alternative to individual mining.
In this case, you only have to rent out the mining machine
to other miners and earn as they mine for you. You will not have to incur
electricity bills or buying of software and hardware. Proficiency and
verification of your preferred cloud mining company credibility are, however,
required.
2. Become an affiliate
You can become a bitcoin affiliate by promoting their
products and services. You can do this on your social media handles and earn
commissions on sales.
All you have to do is find a good and trustworthy affiliate
program and sign up. After registering, the next step is to share the Bitcoin
products and services links and website on your social media platforms. You can
register here to
become an affiliate.
3. Lending
You can interest by lending your bitcoins to other people
instead of holding them. One of the advantages of lending bitcoins is that
transactions are usually constantly smooth.
However, it is still essential to confirm the credibility of
a lending platform before investing. You can sign up on any of these platforms to start earning.
Conclusion
The advantage of investing in bitcoin is that there are no
banking fees. You also can transact all over the world at a low cost of
transaction.
It is easy to earn good money from Bitcoins if equipped with knowledge and understanding. Caution should, however, be taken before investing to be safe from market volatility. It is advisable to do thorough research and see which option is best for you.