Best Way To Earn Bitcoins
Earning bitcoins is a dream come true for every person who is aware of this cryptocurrency. If you are looking for the best ways to earn bitcoins now, most probably you have missed the chance of making huge profits in the initial years of bitcoins. Truth is, having abundance of bitcoins is easier said than done.
With the value of this cryptocurrency soaring high everyday it is still possible to make profits, but not the traditional way. We are sharing with you the best ways of earning bitcoins without any cost.
Bitcoin faucets offer you an opportunity to earn bitcoins by completing some small tasks. Premise of every faucet site is the same, although the actual payout of the sites may vary. You can earn free bitcoins through faucets by completing tasks like filling up a survey or watching an advertisement or even visiting a website.
I know your interest might have flickered a little as there are hundreds of scam sites that operate on same modus operandi. There is a reason why faucets are listed in this list of the best ways to earn bitcoins. The faucets have strict regulations against system abuse. You are allowed to use a given faucet only once during a given time. Usually you have to wait for 15 minutes to an hour until you can use them again. This is to ensure that the earning potential and security of faucets is not compromised. You can be rest assured to earn free bitcoins.
Speaking of pay, you receive anywhere between 0.000001 to 0.00001 bitcoin. Some faucets have threshold before they can insert your bitcoins into your wallet, while others have no such limitation.
Earn Bitcoins as a Content Producer
If you are able to produce digital content then you can easily earn bitcoins selling the content over the Internet. Watch My Bit is a website that allows you to earn bitcoins based on your video’s views. Pastecoin is a site where you can earn BTC by selling text paste. Usually this website is used for selling code snippets and website scripts that help the buyer in some way.
Receiving Bitcoin Interest
Receiving interest on bitcoins is an easy way to earn free bitcoins but there are ups and downs to this method that needs to be understood. To earn interest, you lend your bitcoins to a borrower, but it is very risky to do so without any trust or reliability. There is no way to get your bitcoin back unless the borrower sends it back to you. Therefore, you need to have a trusted person to whom you can lend your bitcoins.
Unless you have such reliability factor, you should use a Peer to Peer lending website to earn interest on bitcoins. That being said, you need to do due diligence on your part to make sure the website is a reliable one. BitLendingClub and Bitbond are two of the most trusted Peer to Peer bitcoin lending websites.
There are many more ways to earn bitcoins like mining, but with increasing block difficulty, such ways are not much profitable. Hence, you are better of earning bitcoins through the above listed methods.