Bitcoin Profit Software Review – Earn from Bitcoin and Cryptocurrencies

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Contents

Bitcoin Profit Review: Scam or Not? The Ultimate Test

Last Updated: 29 January 2020

Bitcoin Profit is an automatic trading software that claims to make people money by buying and selling cryptocurrency at the right time, offering a win-rate of supposedly up to 92%.

The Bitcoin Profit app, also known as a bitcoin robot, uses a complex algorithm to detect market trends. These ‘signals’ are used by the most experienced traders to open and close buying and selling orders automatically. The Bitcoin Profit software completes this whole process on auto-pilot, making it beginner friendly.

You’ve probably heard about the Bitcoin Profit after seeing a Facebook ad claiming it’s made people rich. You may have also heard that the app was featured on some program such as This Morning and Shark Tank, and trusted by famous business men such as Peter Jones and Richard Branson.

In our Bitcoin Profit review, we look at whether Bitcoin Profit is legit and how it works.

Try Bitcoin Profit, the most popular auto trader in 2020!

  • 92% Claimed win-rate
  • $/£ 250 Min Deposit
  • Accepts Debit and Credit Card

Is Bitcoin Profit Scam or Not?

It’s no secret that everyone is looking for the perfect way to make money online. With the word spreading around trading robots, this is no exception. While some robots claim to be able to generate thousands per day, not all of them stand up to the best. BTC Profit claims to be one of the robots with the highest conversion rate in the wide selection of automatic trading tools, just like CryptoSoft and The Bitcoin Code software. If you’ve been scouring the web for reviews about this robot you will find that the search “Bitcoin Profit Scam” is very popular. However, after having reviewed the software in detail and read user testimonials and reviews, it seems that there is a very positive opinion of Bitcoin Profit online. We have tested the software and we have found that it appears legitimate and fully working. Read on to find out everything you need to know about this software and whether it’s worth investing in.

Is Bitcoin Profit Legit or Not: The Verdict!

  • 1). Inside Bitcoins has tested the Bitcoin Profit software and the platform is very intuitive and easy to use.
  • 2). Because of high risks and volatility when trading with Bitcoin and cryptocurrencies, we recommend beginning with a conservative investment of $250.
  • 3). Bitcoin Profit claims to have around 92% success rate, meaning that out of 10 trades, around 9 of them would be accurate.
  • 4). Try Bitcoin Profit right now through this link, or read on to learn more first.

What is Bitcoin Profit?

Bitcoin Profit is an automatic trading software created by John Mayers that claims to operate 0.01 seconds faster than the market average for trading signals and claims to helps many of its users making daily profits by trading Bitcoin and other cryptocurrencies.

Bitcoin Profit works by sending signals on the daily trends, and automatically opening and closing buying orders. Reliable auto trading platforms like Bitcoin Profit and Bitcoin Trader work this way. They are designed for inexperienced users, allowing them to lay back while the system gets to work. These are not the only platforms we consider to be reliable. You can check out our bitcoin robot page to find out more about these robots.

There are many trading robots advertised on the internet that promise to make daily profits. When the term Bitcoin surfaced, people started to be aware of the real value that investing in assets like Bitcoin has. There were several self-made millionaires from day to night, who invested a whole lot of money in trading Bitcoin. At the end of 2020, Bitcoin was the word that had the highest search volume in Google.

Who founded Bitcoin Profit?

According to the Bitcoin Profit’s website, John Mayers, the creator of Bitcoin Profit, created the algorithm so that it operates 0.01 seconds faster than the market average for trading signals.

How Does Bitcoin Profit Work?

The way that the software behind BTC Profit works is very straight-forward. The application provides its users the trading signals for free, and performs the purchase and selling of Bitcoin (also known as buying and selling orders) happen automatically with their selected broker inside the platform. That’s right, the algorithm provided by John Mayers is completely free as advertised on the video in Bitcoin Profit’s homepage.

If you’re wondering why the developers behind Bitcoin Profit are providing this tool for free, the reason is fairly simple. The way they make money is taking a small percentage, as tiny as 1% of all their users’ profit. This means that the CEO of BTC Profit firmly believes that his platform is the next big thing.

How to Place a Trade on Bitcoin Profit

Just like other similar Bitcoin robots, with BTC Profit it’s fairly simple to place a trade.

Follow these steps below to sign up, and learn how to make your Bitcoin Profit login and get started:

1. Registration

Firstly, click here to open your account with Bitcoin Profit. You will need to fill out their registration form with basic information including first and last names, e-mail address, and phone number. For your password, remember to put a word or code that is only known by you, that is easy to remember but at the same time difficult to be discovered. Once you’ve created the account, you will be assigned a broker automatically. This broker is the one your Bitcoin Profit software will be performing the trades with. In order to begin trading, you need to add funds to your broker account.

2. Deposit

Once you’ve selected the option to deposit, you will be taken to the your selected broker’s website. It’s just an interstitial pop-up that’s open inside the Bitcoin Profit’s platform, which means you won’t have to browse all the way back to find your way inside their platform.

The minimum deposit is of $250. The payment methods accepted are many, including Skrill, MerchantPay, GiroPay, SafePay, Visa and Master Credit and Debit cards. It’s true that the more money you invest, the higher your payouts and profit could be. To begin, we recommend making a moderate investment of $250 until you familiarise yourself with the platform.

3. Demonstration account

You can try the demo account either before or after the initial deposit. Once you’ve selected the demo mode, you will be taken to an initial tour, so you can learn more about every functionality of the platform so you can trade bitcoin even if you’re a beginner.

On your test account, you receive a total balance of $1,500 to start the auto trade mode. It’s very simple, and you don’t need to fiddle with any of settings. Simply click on auto-trade ‘ON’, and the software will begin trading the pairs automatically.

4. Live account

Once you’ve familiarised yourself with the Bitcoin Profit platform, and you’re ready to start try the live mode, all you have to do is click on the switch that reads Push ‘Auto Trade’ to start on the dashboard screen.

On the dashboard is where you can check your Trade history, deposit additional funds, open trades, withdraw your profits, and change the settings. Bitcoin Profit trades with many pairs, including BTC/USD, ETH/USD, XRP/USD, LTC/USD and Crypto/Crypto as well. The cryptocurrencies available in the platform are Bitcoin, Ethereum, Ripple and Litecoin.

To begin your auto-trading, simply choose the amount you want to spend in every trade, the number of trades, and any limits you may want to set like Stop Loss or Take profit. After you’ve chosen the settings and configured the software, you will be ready to activate Bitcoin Profit and start trading.

Try Bitcoin Profit, the most popular auto trader in 2020!

  • 92% Claimed win-rate
  • $/£ 250 Min Deposit
  • Accepts Debit and Credit Card

Do I need a Bitcoin wallet in order to trade with Bitcoin Profit?

Bitcoin wallets are not needed to trade with the software. The reason for that is because the software does not buy actual Bitcoins – it trades cryptocurrency and claims to profit on the winning trades. This makes it a very convenient tool as the set up is very minimal, and you also avoid the risk of having your funds hacked.

Bitcoin Profit: Key Features

The robot claims that on average, users earn at least $1,300 on a daily basis. Even though you may not earn such high amounts at first, some users have reported to make high profits, part of which they have reinvested to increase their balance.

To sign up you will need some personal information, including your email address and phone number. Once you have created an account all you will need to do is deposit funds into your account. To do that you simply have to provide your payment details, but no ID or utility bills. It really is as simple as that.

You can make a withdrawal at any time of the day and you can be sure that it will be processed within 24 hours. In the remote case that does not happen, do not worry, because it could take up to three days. There are robots on the market that take 10 days to process a single withdrawal.

The only fee you should be aware of is that Bitcoin Profit plans to keep only 1% of your profits. That is how the platform makes profit. That is a very small amount considering that other robots have ridiculously high commissions and fees to make profit.

The testimonials and stories shared on their website show that Bitcoin Profit has the potential to change lives. If you’re a new investor and do not know how to trade Bitcoin, Bitcoin Profit can definitely help you. Because the software handles all the trades for their users you don’t need much experience to trade with it. However, note that due to a lot the volatility with the cryptocurrency market, the team behind Bitcoin Profit recommend their users to invest 20 minutes of work per day, and let the software run automatically asides from that. The amount of work required of every user is minimal.

You can contact customer support at any time of the day or the night. There is staff available 24/7 and you may contact them via email. We contacted them to conduct our test and they were very professional and friendly and responded within an hour. Hopefully though, you will not be needing any support.

Like all crypto trading robots, with Bitcoin Profit your money is used to trade with online brokers. So basically your investments on assets are placed through brokers. These are regulated and secure so you should worry about this aspect.

Bitcoin Profit Versus other Robots

Bitcoin Profit Other bitcoin robots
✅Bitcoin Profit is one of the most popular and well-reputed robots because of its reported success of around 88%. ❌ Many robots have hidden fees and leave the trader with little or no profit at the end of trades.
✅Bitcoin Profit requires users to deposit a minimum of $250 to start trading. ❌ Other robots tend to require higher sums, which pushes new users to take higher risks.
✅Bitcoin Profit offers a wide variety of digital coins that users can choose to trade with or without. ❌ Most trading robots offer a very basic choice of assets.
✅Bitcoin Profit uses regulated and/or reliable online brokers. ❌Some platforms channel funds through unreliable brokers, risking users’ funds by investing them on the platforms supported by such broker.
✅The trading platform is suitable for all kinds of users, both beginners and experienced. ❌ Trading platforms on other robots can often be perceived by beginners as too complex or by professionals as too simple.

Can You Make Money With Bitcoin Profit?

The software claims it can generate good profits. Just like the other users that have left their testimonials in their website, the platform was easy and simple to use when we tested the demo. Although we didn’t commit as much as the serious investors, we did make automatic trades on the demo. Bitcoin and other crypto assets are highly lucrative, but also have a very high risk due to their volatility. Using a tool like Bitcoin Profit or Bitcoin Revolution can be helpful for new and experienced traders who may wish to invest in cryptocurrencies but do not have the time for manual trading. Below, we will share some tips on how to make the most of your Bitcoin Profit subscription:

    Start Small. You should start with a small investment to get yourself familiarised with the software. We recommend starting with the minimum deposit required of $250. Once you start making profitable trades, then you can choose to invest a little more to make higher payouts.
    Withdraw Your Profits. Don’t forget to withdraw your profits when you invest with Bitcoin Profit. Remember though to always reinvest some of the haul earned, to continue earning more and more.
    Follow the Expert’s Advice. You should definitely mix up a little bit with other settings and strategies from users who have tried the software themselves. Reading about Bitcoin Profit on other blogs and watching videos on Youtube could help you to find the best settings for this robot and to make the most of your account.
    Only Invest What You Can Afford to Lose. That’s right, you should only invest additional money that you are willing to risk. Investing in cryptocurrencies has a high risk due to volatility. You will find lurking on the web reviews of users who have invested a lot of money into Bitcoin Profit, but didn’t get the results expected. This is completely normal in such a volatile market like cryptocurrencies.

Why Trade with Bitcoin Profit?

There are many trading bots available in the market, and some claim to have extraordinary conversion and performance rate. The problem is that you will always find a feature that doesn’t make other robots as good as Bitcoin Profit. In comparison to other bitcoin robots, here’s what Bitcoin Profit brings to the table:

    Bitcoin Profit has an intuitive and user friendly platform. Needless to say that this is one of the features that makes Bitcoin Profit stand out from the crowd. The software works with a very complex algorithm, but the user experience is simply one of the best ones out of every platform tested by Inside Bitcoins. It’s very easy to set up the software, and have it up and running in no time.
    Bitcoin Profit claims to have a high success rate on its trades. Another major difference between Bitcoin Profit and other platforms is the amount of trades that are placed. Basically, the reason why the software claims to have a high success rate of 90% or more is because of the concurrent trades being placed with shorter investments. Out of a $250 deposit, it could place many concurrent trades of as little as $25 USD each.
    Demo account and tutorials. Inside the platform, you can create a demo account to get yourself familiarised with the software and its functionalities. If you access your mirror account, an account that is created with the broker at the same time you register on Bitcoin Profit, you can access many tutorials and tips on trading and educate yourself in their educational section. Responsive and dedicated customer support. Another strong point for Bitcoin Profit is their customer support. You can engage one of their customer experience representatives any time from your dashboard screen, or on the homepage. The fastest way to do so is via live chat.

Has Bitcoin Profit Been on TV?

Bitcoin Profit has not been advertised on TV. The reason for that is because they have recently completed their open beta platform, and their exclusive selection process for accepting new users is on a first come, first served basis.

Although Bitcoin Profit seems to be one of the best automatic trading platforms out there, it has never appeared in Dragon’s Den. There are, however, a lot of images and fake news spread around the internet that indicate otherwise.

The same goes for Shark Tank. Despite the rumours spread by fake news and online images, Bitcoin Profit has never appeared on the popular TV shows. These websites are usually just trying to deviate the serious investors on their path of choosing a platform like Bitcoin Profit.

There are rumours that link Bitcoin Profit to the UK TV show “This Morning”. We have analysed the images that are circulating on the web, and we haven’t found anything that looks legit, or any episode that has Bitcoin Profit being featured on This Morning.

Is Bitcoin Profit endorsed by celebrities?

There seems to be a lot of rumors involving crypto trading robots and celebrities, with robots such as Bitcoin Loophole using celebs as a marketing strategy. These rumours are usually spread around the internet to advertise these platforms by affiliates. But have any celebrities been linked to Bitcoin Profit? Read on to find out.

The CEO of Shopify Tobias Lutke has been said to endorse Bitcoin and even endorse trading apps. Tobias clearly understands the value of Bitcoin as being an innovative investment and what a great asset it is, but there doesn’t seem to be anything linking him to the trading software Bitcoin Profit.

It’s no secret that Sir Richard Branson is a massive fan of Bitcoin. He’s openly said in many interviews of how fantastic cryptocurrencies are, and how he personally knows many people that made huge fortunes out of Bitcoin. As much as Branson supports Bitcoin, there doesn’t seem to be any connections between him and the trading robot Bitcoin Profit.

The presenter for the UK TV show This Morning and Dancing on Ice, Holly Willoughby, has been said to endorse Bitcoin Profit. Rumour has it that it all started after she received a guest on the show that had supposedly introduced a miraculous trading tool that helps people achieve financial freedom and make profit with Bitcoin. None of this has been confirmed. In fact, we could not find the episode anywhere on Youtube where Holly was seen talking about Bitcoin trading.

There are claims that Gordon Ramsay the British Billionaire has Endorsed Bitcoin Profit. InsideBitcoins investigation reveals that these are lies. We contacted Bitcoin Profit in this regard, and they denied any Gordon Ramsay Bitcoin Profit endorsement. We have determined that these claims are from unscrupulous affiliates. Bitcoin Profit has promised to take action against any affiliate tarnishing its name through misleading marketing.

InsideBitcoins recommends that you always carry out enough due diligence before settling on any tech product. The use of deceptive marketing techniques is common with most affiliates even for genuine products such as Bitcoin Profit. Never invest into a product based on celebrity endorsements purely. InsideBitcoins makes the research easier for you through comprehensive reviews like this one.

The Polish footballer Robert Lewandowski has been said to be an adept of Bitcoin. There have been claims about Lewandowski and Bitcoin Profit, but nothing can be confirmed about him endorsing trading apps. Footballers do make a fortune with playing, so it would not be uncommon that a few of them invest in Bitcoin.

The controversial rapper 50 Cent has been known to endorse Bitcoin for a long time. He has made it public that he was paid for an album in Bitcoin and he just forgot about it and let it age. The then bankrupt 50 cent had profited millions in Bitcoin, and was even said to have made so much money with trading apps such as Bitcoin Profit.

The truth is that 50 Cent said he was lying on social media, and didn’t make millions on Bitcoin. There are no backup claims about 50 cent and Bitcoin Profit as well.

Mirror and Bitcoin Profit

There are claims of Bitcoin Profit being featured in an article on The Mirror, a UK news tabloid. Truth is that there have been images circulating on the web, usually followed with a story about a single mum making millions by trading with Bitcoin.

It seems to be a fake Mirror page, which leads people to believe it is the real deal. Bitcoin Profit has not been featured on the Mirror, and if you see anything of the sort it’s most likely a scam.

Trading with Bitcoin has made a lot of people into millionaires, and believe it or not, these bitcoin robots do help people with trading and making profit.

Is there a Bitcoin Profit app?

There currently is no Bitcoin Profit app available but you can access the software from any mobile device with an Internet connection and benefit from the same functions you would if connected from a laptop.

Bitcoin Profit Review: The Verdict!

What do all of these successful businessmen have in common? They were all pioneers in their targeted niche and specific product. Although many people have already gotten started with Bitcoin, it’s such a complex asset to invest in that not everyone understands the true value of it yet. That’s why the smart and successful people cracked the best way to get started with Bitcoin and are already making a huge amount of profit on a daily basis investing in this cryptocurrency.

The bad reputation of automatic trading platforms, or robots, comes from the fact that some users who have never traded in their lives create an account expecting to have a 100% foolproof system, when in reality there is a lot of volatility that comes with trading stocks, forex, bitcoin and cryptocurrencies in general. Although Bitcoin Profit appears to be a legit automatic trading robot, new investors should always start with a moderate investment to test the software out. We would recommend an initial investment of no more than $250 to begin.

If you still have any doubts about whether or not you should get started with Bitcoin, and start trading with an automatic trading tool like Bitcoin Profit, take a look at the video below.

Try Bitcoin Profit, the most popular auto trader in 2020!

Top 5 Best Bitcoin Apps That Enable You To Earn Cryptocurrency

November 14, 2020

One of the main reason why people are getting into cryptocurrencies is to make money. A great way to earn your first cryptocurrency is through smartphone apps that reward you in bitcoin. In this guide, you will find the top five best bitcoin apps that enable you to earn cryptocurrency.

Earn.com

Earn.com is a bitcoin-based social network that enables users to earn bitcoin by competing tasks and responding to emails.

On the app, you can earn small amounts of bitcoin by joining lists of people with similar skills. All you need to do is apply to one of the lists and, when accepted, complete list-specific tasks in exchange for small payments in bitcoin.

Moreover, you are able to set your email contact rates, ranging from one to 100 dollars per email. You can even set up an auto-response system with your Gmail, directing emailers to instead send their message via Earn. This way you can prevent your inbox from being filled with spam as senders will need to pay you to be able to email you. This bitcoin app is available on Android and iOS.

Bituro

The Bituro app that lets you earn cryptocurrency by completing small tasks like taking surveys, watching videos and completing offers. You can get paid in both bitcoin (BTC) and ether (ETH) and cash out with as little as one US dollar.

Signing up is simple – you can do it using Twitter, Facebook or Google – and you get 100 points for signing up. If you have a referral code and use it you gain an extra 50 points when signing up.

The surveys can pay from a couple of hundred points to a few thousand points. (Each point equals a cent). You can also download apps, sign up to various trial accounts and watch videos to earn crypto. The app is available for Android and iOS.

BitForTip

Bitfortip is a mobile application and online platform that pays you in bitcoin for being helpful. On this app, anyone can ask for anything, and the answer provider gets tipped in bitcoin in exchange for their answer.

For example, if I want to know where to get a golden retriever in Kenya, I could give a bitcoin tip to whoever provides me with an answer. T he platform is available in eleven languages, providing a low-entry barrier for many people globally and an easy way to earn your first bitcoin.

Storm Play

Storm Play also gives out small tasks to complete for you to earn. Once the task is completed to a certain point you are rewarded in bolts. Once you have enough bolts you can trade them for bitcoin, ether or Storm tokens.

There are three ways how you can earn cryptocurrency on Storm Play. The first way is by trying out games or products and the second is by shopping for products and services. Finally, you can earn through performing micro-tasks like QA testing and completing P2P freelancing tasks. The app is currently only available for Android.

Alien Run

Bitcoin Alien is one of the most popular games with the cryptocurrency community as it combines fun gameplay with the ability to earn small amounts of bitcoin for completing levels. You will, however, need to watch a number of ads everytime you do something.

The gameplay is very basic, you control a character called Daniel D’Alien, and must run as far as possible advancing through levels. Every ten levels, you can claim a bitcoin reward or continue running for a higher amount. There are new missions daily and levels go into hundreds. This bitcoin app is available for both Android and iOS.

With a little bit of free time and a smartphone, you can install any of the apps mentioned here and start to earn bitcoin with little to no effort. None of these apps will turn you into a bitcoin millionaire but they are a fun and easy way to earn your first cryptocurrency.

5 Ways to Earn Free Bitcoin Cash (BCH)

A Guide to the Best Cryptocurrency Tipping Bots in 2020

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How to Earn Bitcoin by Playing Online Games

There are many ways to earn bitcoin without making a single deposit of just a unit of Satoshi. You can earn bitcoin from taking online polls, playing new slots , after the delivery of a freelance job, or even from faucet sites. Many platforms are now adopting bitcoin as their legal tender; China is in this race, too. A lot of these outlets pay in BTC, and you can easily earn bitcoin from them if you can work hard for an extended time.

But there is an alternative way of earning bitcoin. You guessed it right! By playing video games online using your PC or SmartPhone. This online casino real money Canada slots are some of the best you can think of, and the fact that you can earn bitcoin while playing your favourite games is enough a reason why you should try it!

SparkProfit

SparkProfit is one of the go-to Bitcoin games just like many of the games in Mr. Bet. You have to learn how to stay away from your Top Ramen in your grandma’s basement. With this, you are good to go in this game.

It is a trading simulation that gives you the courage to make predictions in the forex and cryptocurrency marketplace. Bitcoin casino Canada is the leading cryptocurrency for online casino deposits. More points will be available to you when you make more accurate predictions. You can withdraw from this platform using bitcoin anytime you like.

Altcoin Fantasy

This is another virtual platform where you trade games. This platform can also teach you the art of trading in an environment void of risks. It features a competitive leaderboard environment that does not allow you to lose your precious money.

You can trade altcoins on their site using their mobile app or on their website. You can play their games using both iOS and Android devices. Pitching their tents only in Canada and the US for now, the company wishes to extend their tentacles to Hong Kong, South Korea, and Japan very soon.

Tremor Games

Tremor is a web gaming site that provides you with a plethora of games, similar to what you have in another distinctive flash arcade. But then, it is dissimilar to a standard run-of-the-mill gaming site in that you’ll get your payment through “Tremor Coins” as you keep progressing in the game. You can get the equivalence of the tremor points you’ve accumulated over time in Bitcoins when you exchange them for withdrawals.

Bitfun.co

BItfun is a standard faucet site. It allows you to play a plethora of games for about three minutes. For each win you make, you’ll earn some bitcoin.

Satoshi Quiz

This is an exciting and engaging game that awards you a thousand Satoshis for each question you answer correctly. Don’t expect it to be all the questions to be all rosy. There are both easy and tough questions that you have precisely one minute to answer. If you are good with this quiz, you stand the chance of winning up to a million Satoshis.

Quiz BTC

This quiz is a competitive styled quiz, and it lets you win free bitcoin when you right answer one question. The faster you are on answering these questions, the more Satoshis you stand to gain. New questions are posted every minute, and the winner of the quiz goes home with Satoshis.

Storm Play

Storm Play is a straightforward and refreshing way of earning free bitcoin, Ether, and STORM when you use their services and products. You can deposit your earnings your wallet, Exodus, or to your Coinbase account.

This guest contribution was written by Loyd Pelto. He is a professional freelance writer. From his posts, you can learn about online casinos, crypto casinos, and how to make predictions on sports betting.

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How To Get Started With Web Staking

Staking is one of the easiest ways to earn investment income with cryptocurrencies. In this guide, we explore how to get started with web staking to earn income on your digital asset holdings.

How PoS Staking Works

The proof-of-stake (PoS) algorithm deployed by a large number of cryptocurrency networks involves participants “staking” digital asset holdings in order to secure the network. In exchange for staking, these validators receive staking rewards.

To stake cryptocurrency, you will have to reserve large sums of a particular cryptocurrency in your wallet and connect it to the blockchain as a delegate/staker by holding it in the network’s official wallet. After this, you will begin to receive rewards on a (usually) daily basis for your service on the blockchain. The higher the number of cryptocurrency staked, the higher the validation power and staking reward.

For instance, on the Tezos blockchain, transactions are validated when bakers (individuals with large sums of tezzies (XTZ) reserved) watch the network and create blocks. These delegates are then rewarded with newly minted tezzies (XTZ).

Ethereum, the second-largest blockchain network, is currently using a proof-of-work (PoW) consensus algorithm but plans to move to proof-of-stake soon as its developers recognise the value of this alternative method of securing a decentralised blockchain network and rewarding participants.

Recently, third-party providers have launched staking-as-a-service, allowing users to stake cryptocurrencies without having to handle the technical aspects of it themselves.

Another new development is web staking, a concept that intends to open up staking opportunities to more people.

Web Staking CREDIT

Web staking refers to performing staking on a web platform or application. It is a less demanding method of earning passive income with cryptocurrencies as it requires very little activity from the user. An example of a web staking platform is the Terrabit Staking web application.

Terrabit markets the platform as a “service to CREDIT holders as a new and convenient way to earn staking rewards.”

The platform allows users to stake CREDIT, the native token of the TerraBit blockchain. CREDIT is a utility token that enables users to access special features on Terrabit.

CREDIT holders pay zero-fee transactions, faster payments, and web staking. Users can earn up to 100% ROI by staking CREDIT on the Terrabit staking application. The staking collateral threshold for Terrabit is 10,000 CREDIT. This means that you need at least ten thousand coins to start staking and receive rewards.

Top features on the Terrabit staking app include:

  • Web-based CREDIT staking up to 100% per year
  • Hourly rewards
  • No lock-in period
  • Intuitive interface

Terrabit is a South African cryptocurrency trading platform that offers fiat-to-crypto services for five African countries. What’s more, CREDIT is trading on Bitforex, allowing users to change the cryptocurrency for others on an external exchange.

Additionally, CREDIT’s developers already recognised the trend of PoS staking over 18 months ago when they decided to opt for PoS as their network’s consensus algorithm.

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How to Choose the Best Broker in South Africa

December 3, 2020

If you’re interested in forex or CFDs trading, you’ll need to find yourself an online broker. With so many brokers in South Africa to choose from, it can be hard to decide. That’s why in this article, you will learn how to find the best trading platform in South Africa.

Trading in South Africa

South Africa is one of the leading countries for forex trading, alongside the UK, Australia, and the USA. That’s why many brokers are now offering their services to South African residents.

The best thing about online trading though is that you can do it from any location. There are many traders from all across the world, selling and buying assets each day. Many brokers now offer mobile trading apps too, letting you trade directly from your smartphone. A great idea if you want to trade on the move.

Other points to check when choosing a broker include:

  • the minimum deposit
  • assets available
  • regulation licences

Out of these three things, the most important to check is regulation. All good forex and CFD broker platforms should be fully regulated and licenced.

Regulation

Regulation means that a platform is authorised to function as a broker service and monitored by an official regulatory body.

Some important regulation authorities include CySEC, the FSA (Seychelles Financial Services Authority) Financial Services Authority, and the United Kingdom’s Financial Conduct Authority (FCA).

South Africa also has an official regulation board, known as the FSCA (Financial Sector Conduct Authority.) All of these authorities set financial rules that brokers must follow. These rules are designed to protect traders from fraud and scams.

That’s why it’s important that any broker you choose holds at least one licence from one of these authorities. Selecting a regulated broker is the key to trading securely.

eToro South Africa

eToro is a leading broker with millions of clients worldwide, including South Africa. The broker is known for offering a social trading platform which comes with unique tools, such as the CopyTrader tool.

This feature lets users automatically copy the trades of other successful traders. It’s a great option if you’re new to trading and want to learn from others. Other social features include the eToro newsfeed where you can discuss trading topics with members. It’s a great way to keep track of the latest market news.

Most importantly, eToro is a regulated broker, and they hold licences from CySEC and the FCA. So they’re a secure broker to open an account with.

Talking of the trading account, the platform is self-developed by the broker and is known for being very easy to use. It has a clear layout and comes with a great selection of forex and CFD assets to trade with. Some CFD instruments listed include cryptocurrencies, commodities stocks, and indices.

To start trading, you’ll need to open an account with the broker and fund your account. The broker only accepts USD, so if you deposit in ZAR a small conversion fee will be charged. The first minimum deposit amount is $200, but all deposits made after this start from $50.

IQ Option South Africa

Another great broker that we’d like to tell you about is IQ Option. Like eToro, they are also a major broker with many clients from various countries.

The broker was launched in Russia in 2020, and it has grown to be a very respected platform. Currently, the companies headquarters are based in Cyprus, and they hold regulation licences from both CySEC and the FSA. The main thing that IQ Option is known for is its incredibly low minimum deposit.

To start trading with this broker, you just need to deposit $10 to your account. Or if you wish to deposit in ZAR, the amount is 150 ZAR. This is a great amount if you want to start trading with a smaller percentage of funds.

It’s possible to make the deposit using a wide range of payment methods. For instance credit cards, wire transfer and electronic wallets like Skrill and PayPal are all accepted methods. The fact that you can deposit and withdraw in ZAR is great if you don’t want to pay currency conversion fees.

The platform is available for desktop or online use. There is also a free trading app available for iOS and Android devices. Instrument wise, IQ Option offers forex and CFD trading. Stocks, cryptocurrencies, options, commodities, and indices are available for you to trade as CFDs.

Best Ways to Earn Cryptocurrency: How to Make Bitcoin

The top 29 ways to earn bitcoin online guide features the best tips to start making crypto profits in 2020.

How to Earn Cryptocurrency: 29 Best Ways to Make Bitcoin

So you want to earn bitcoin? Fortunately for you, there are plenty of ways to earn cryptocurrencies on the Internet today. However, unfortunately, as the Roosevelt quote goes, “nothing worth having comes easy”.

This is a meaningful guide to outline because many are very prone to thinking the only way to get bitcoin is buying it, when it fact you can actually earn it through a variety of the methods reviewed below.

For example, there are ways to earn cryptocurrency for free, like taking advantage of airdrops, faucets or answering questions and completing tasks – or the most popular way is to trade time for money and earn bitcoin in exchange for performing a number different services in the modern-day freelance gig-economy.

It’s time to highlight all of the best ways to earn crypto fast and get paid in bitcoin online right now. Before we jump into the 0’s and 1’s of learning how to acquire more bitcoin, let’s quickly help all interested individuals go down the rabbit hole of generating crypto payments and making bitcoin by ‘doing work’.

Earning Bitcoin vs Buying Fiat: Stacking Satoshis

A direct question to start might rattle the cage, but do you ‘buy fiat’ money? No, likely you earn or trade it.

The number one way people associate getting bitcoin is to buy it, when it could be to earn BTC instead.

Now, let’s go down the rabbit hole briefly before expanding on the ability to earn bitcoin and generate cryptocurrency profits. No matter whether short or long term goals, it is important for beginner’s to stop thinking only in terms of whole bitcoin pricing (hovering around/above five figures in USD exchange rate value). This price point puts a lot of people ‘out’ due thinking they must buy 1 BTC outright (or even micro-buying) vs micro-earning. This impactful understanding can be profound for your success and results.

The same way anyone earns fiat (USD) at a job for a weekly paycheck, is the same way we should be thinking about how to get your hands on the world’s most valued cryptocurrency too. With a subtle twist of thought, the question flipped around analyzing ‘earning fiat versus buying fiat’ helps show there is more than one option when it comes to getting bitcoin. No one can purchase nor print fiat monies, it must be earned via payments, sales or transactions. By applying the same principle into buying BTC vs earning bitcoin, the shift is worth making for all those who see the potential in bitcoin being the future of finance (#hodling).

It is extremely vital and even optimal to break bitcoin down into its most basic unit of account, the Satoshi.

Simply put, those eager to earn bitcoin should grasp the basic building block of bitcoin, a Satoshi.

This is what actually gets paid out should you go make bitcoin online using any of the methods below.

Thus, in reality: buying cryptos + earning bitcoin, aka securing the Satoshis, is the best move to make.

Yes, the whole guide is on 29 best ways to make money in bitcoin and earn a quick satoshi-buck, but first…

Here is a chart that says a Satoshi is equal to 0.00000001 bitcoin, and there are 100 million satoshis per bitcoin, of which in BTC’s entire history there will only ever be 2 Quadrillion, 100 Trillion Satoshis.

Many buyers are only fixated on the price of bitcoin (rightfully so?) measured in USD (or the BTC/USD exchange rate value), but the truth is it’s very advantageous to start calculating bitcoin in terms of satoshi’s, or the elemental unit of account in the BTC blockchain. Once the digital scarcity kicks in, realizing there are only 21 quantrillions Satoshis (two quadrillion one hundred trillion Satoshis) ever created in Bitcoin’s network, the time to stack satoshis is now when the outcome of them increasing in value is a real possibility (especially before the 2020 bitcoin halving).

At the same time, it is worth noting nothing is guaranteed to pan out in Bitcoin’s favor as volatility and uncertainty are inherent risks. But on the same token, like the notorious Satoshi Nakamoto once said:

“It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy”

Satoshi Nakamoto, Creator(s) of Bitcoin

The point of this behind-the-curtain viewpoint of ‘stacking satoshis’ aka earning AND buying bitcoin, is to help raise awareness and educate users on why it is important to start securing satoshis today. There is much more ‘rabbit-hole territory’ to uncover on this forefront like the millibitcoin or microbitcoin, but knowing the most core unit is a smart stepping stone savvy users will grasp ahead of earning cryptos.

Now lets jump into the fundamentals of making bitcoin free and fast, and after the 29 methods listed we will talk about the downsides of earning cryptocurrencies, tax implications and a video to close.

How to Earn Bitcoin for Free

From the rabbit-hole to stating the obvious, in order to start earning bitcoin you must generate a wallet address to receive it by opening up a bitcoin wallet. Start with a free wallet or cold-storage option like Trezor.

With so many options available to acquire more bitcoins, the most direct way is to simply buy bitcoin at an exchange, OTC/P2P broker or local ATM. Aside from purchasing bitcoin outright at today’s USD exchange rate, next in line in regards to popularity would be to mine it although the technical skills are required (unless opt for a cloud mining service provider). But the more creative ways is the third route, the primary focus of this how to get paid in bitcoin guide, and that is to simply work for crypto.

This list does not rank the following money-making bitcoin-based opportunities, as each carries their own risk/reward profile. It is more of an entire catalogue of the current-state full-spectrum proven methods of micro-earning bitcoin via doing micro-tasks to building a brand.

While the goal is to not burst anyone’s cryptocurrency bubble about believing that obtaining ‘free’ bitcoin is easy, there are still ways to earn crypto coins online for free in 2020. Here are the most-known ways to generate bitcoin earnings by exchanging ‘free’ time for crypto ‘money’:

Obviously, these methods range from easy to stupid. It’s easy to add a signature to your profile on a bitcoin forum and claim a bounty, for example. It’s harder to make money through a pyramid scheme or high yield investment plan (HYIP) because these systems are designed to fail from the start.

We’ll discuss each of these methods in detail below and explain exactly how you can start earning bitcoin today.

Airdrops

  • Effort: Low
  • Income: Low
  • Risk: Low

Airdrops are some of the best ways to earn real crypto online today. A growing number of companies simply give away crypto for free. Sometimes, companies distribute tokens to everybody with more than $100 in an Ethereum wallet, for example.

In other cases, companies distribute tokens to anyone who signs up.

Picture it like this: companies have generated millions of tokens and want their platform to succeed. They distribute tokens to people for free because they want people to use the platform.

There are hundreds of airdrops available in the crypto community every month. The vast majority of these companies will fail. A small number, however, will succeed. It’s all free money, and you can feasibly earn a decent amount by taking advantage of airdrops.

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Check BitcoinTalk.org, Reddit, and other sites for the latest airdrop announcements and giveaways.

Earning Potential: Zero to $100

Crypto Freelance Marketplaces

  • Effort: Medium to High
  • Income: Medium to High
  • Risk: Low
  • Earning Potential: Unlimited

Want to perform small jobs in exchange for bitcoin? Want to freelance your way to 1 full BTC? You can certainly do that online. In fact, there are multiple websites offering great freelance opportunities for crypto users, including:

All of these places work in a similar way. You perform jobs in exchange for bitcoin. Some of the jobs are small. On Earn.com, for example, you can answer emails to earn bitcoin. On Reddit’s Jobs4Bitcoin, you market your services in exchange for bitcoin.

The earning potential for all of these websites is virtually unlimited. The more you work, the more bitcoin you earn.

Learn and Earn Crypto on Coinbase Earn

  • Effort: Medium
  • Income: Low
  • Risk: Low
  • Earning Potential: $20 to $200

Coinbase recently launched a unique online training program where you can learn about crypto and get paid.

Visit Coinbase.com/earn to get started. You can take a course on Dai, EOS, and other major cryptocurrencies. At the end of the session, you take a test. If you complete the test, you get paid.

Coinbase isn’t giving away pennies, either: they’re currently paying $20 for the DAI course, $50 for the EOS course, and $50 for the XLM course, among other rewards.

The courses are quick, easy, and engaging. You watch videos, complete a single quiz testing you on what you learned, then receive crypto in your Coinbase wallet. It’s legitimately free money available online today.

Micro-Earnings, Pay to Clicks, and Small Service Jobs

  • Effort: High
  • Income: Low
  • Risk: Low

These are cheap, easy, low-risk ways to make bitcoin online. The only catch? It’s boring and time-consuming, and you’re not going to make much money. However, it’s still very possible to make bitcoin by performing small “micro-tasks” online.

You can find pay to click (PTC) websites, for example. Typically, these sites require you to visit, click an advertisement or button, then receive a few pennies in exchange. The website makes money through ad sales and you get a small cut.

Other websites might require you to complete surveys or perform other small tasks in exchange for a small amount of money.

Now here’s the bad news: you’re not going to make much money with any of these methods. It’s very possible to make just $0.25 per hour, which is hardly going to pay for your computer’s electricity and internet usage. However, it’s technically possible to make bitcoin online through these methods.

Earning Potential: $0.05 to $2 per hour

Faucets

  • Effort: Low to Medium
  • Income: Low to Medium
  • Risk: Low

Bitcoin faucets were once popular in the early days of bitcoin. They distributed dozens of bitcoins every 30 minutes to anyone who visited a website (seriously).

Today, bitcoin faucets no longer exist due to the high value of bitcoin, but you can still find faucets for smaller, less-valuable cryptocurrencies.

Faucets work in a simple way: you visit the website. The website distributes a certain amount of crypto for every certain period of time.

You’re not going to make much money from a crypto faucet today. However, we recommend working smarter – not harder. Make your own bitcoin faucet. Create a website filled with advertisements. Push traffic to the site and give visitors a few pennies from the bitcoin faucet for every visit. You generate advertising income, your website visitors get paid, and you’re making bitcoin online with minimal effort.

Earning Potential: $1 per hour to $1,000 per month

Signature Campaigns and Bounties

  • Effort: Low to Medium
  • Income: Low
  • Risk: Low
  • Earning Potential: $0.01 to $500

Signature campaigns and bounties were more common during the ICO heyday in 2020. Today, they’re less common but still available.

Essentially, new crypto companies will pay you to advertise online. If you have a BitcoinTalk.org forum account, for example, then you can add a company’s name or image to your signature in exchange for a small amount of crypto.

Other bounties are also available for finding bugs in a startup’s code, translating company info into different languages, and performing other valuable tasks. You might receive coins that are only worth a few pennies today, but if the crypto startup is successful, those coins could be worth a significant amount in the future.

Trade Crypto

  • Effort: Medium to High
  • Income: Low to High
  • Risk: High
  • Earning Potential: Unlimited

Of course, one of the most obvious ways to earn crypto online is to trade for it. You can trade fiat currencies (like the USD or EUR) in exchange for bitcoin at any major exchange.

Some people day trade their way to crypto fortunes. Others invest long-term.

Alternatively, you can trade goods or services for crypto. A growing number of online retailers now accept crypto in exchange for products.

Accepting crypto for goods and services is risky. You probably have bills you need to pay in fiat currency. When you accept crypto, you acknowledge that prices can fluctuate wildly. Whether you’re trading crypto or selling goods and services for crypto, it’s a high-risk game where you need to know what you’re doing.

If you’re able to buy low and sell high consistently, however, then you will inevitably make money through crypto trading.

Bitcoin Affiliate Programs

  • Effort: Low
  • Income: Low to Medium
  • Risk: Low
  • Earning Potential: $5 to $1,000

Many exchanges offer affiliate programs. You share a link with your friends. Then, you get paid whenever someone signs up through that link and makes a trade.

On some crypto exchanges, you can earn hundreds – even thousands – of dollars per month through affiliate commissions alone. If you refer enough people to the exchange, and those people make multiple large trades per month, then you can earn a substantial side income.

Even if your link is just used by a handful of small traders, you’re still earning money online. Some exchanges payout in fiat currencies, while others payout in crypto.

You can earn affiliate income from more than just crypto exchanges. Online retailers offer affiliate programs, for example, that may pay out in bitcoin.

Gambling

  • Effort: Low
  • Income: Low to High
  • Risk: High
  • Earning Potential: Zero to Unlimited

You can always gamble to earn bitcoin online. It’s possible that you’ll double your bitcoin holdings. It’s also possible you’ll end up with nothing. That’s the fun of gambling!

Find a provably-fair bitcoin casino online, then make a deposit. Most bitcoin casinos have a small house edge (51%) to make money, which is a better edge than you’ll find at any ordinary casino. The gambling algorithms are also provably fair, which means anyone can check to verify the algorithms work as advertised.

Some bitcoin casino games are ridiculously basic. You bet on whether the algorithm will produce a number from 0-100 that’s over or under your chosen number. Betting 50 gives you a roughly 50% chance of being over or under while betting 80 or 90 comes with higher risk and higher rewards.

Write About Bitcoin

  • Effort: Medium to High
  • Income: Medium
  • Risk: Low
  • Earning Potential: $5 to $60 Per Hour

There are dozens of major cryptocurrency blogs and news websites on the internet. If you know bitcoin and can write well, then you can certainly earn money by writing about bitcoin online.

In fact, some crypto startups are now hiring good bitcoin writers. They need competent individuals to write bitcoin blog posts, bitcoin-related social media posts, bitcoin-related press releases, and other bitcoin content.

With some of these jobs, you’ll be paid in USD. Many websites, however, now let you choose to get paid in cryptocurrency.

  • Effort: Medium to High
  • Income: Low to High
  • Risk: Medium
  • Earning Potential: $0 to Unlimited

If you provide a useful service to members of the crypto community, then you might get paid in crypto. Selling goods and services to crypto users is a great way to earn crypto online.

Some of the potential opportunities include:

  • Building and selling crypto software
  • Offering marketing services to crypto companies
  • Acting as an escrow agent for bitcoin transactions

Think of what types of goods and services are needed by bitcoin users, then offer that good or service.

Mine Bitcoin

  • Effort: High
  • Income: Low to Medium
  • Risk: High
  • Earning Potential: $0 to Unlimited

In the old days, anyone with a decent gaming GPU could earn money by mining bitcoin and other cryptocurrencies.

Today, things have changed, and it’s no longer feasible for hobby miners to earn income mining bitcoin. It has even become difficult to profitably mine lesser-value cryptocurrencies.

If you want to make money mining bitcoin and other cryptocurrencies, then you’ll need to build a mining farm. You’ll need multiple high-end miners. You’ll need a cheap electricity source (ideally, less than $0.05 per kWh). If you have all of these things, then you might turn a profit – or, you might go bankrupt and be forced to sell all your mining equipment.

Ultimately, mining is a high-risk, low-reward game best-suited for big players. However, if you have access to cheap electricity and can buy mining rigs cheaply at bulk rates, then the economies of scale could work in your favor to generate profit through mining.

Bitcoin Lending

  • Effort: Medium
  • Income: Low to High
  • Risk: High
  • Earning Potential: 15% Per Year

Some people make money by lending bitcoin. You can lend bitcoin to friends or family, for example, and charge interest.

However, it’s now easier than ever to make money by lending bitcoin online. You can participate in P2P lending markets online, for example. Some exchanges even allow you to lend money to help other traders leverage their trades.

Of course, lending comes with its own share of risk. Low-risk lending opportunities come with low-interest rates, while high-risk lending opportunities come with high-interest rates and high rates of failure.

Be wary when lending money online. If you plan to make money by lending, then you need to make sure you have good collateral. Otherwise, the borrower has little incentive to pay you back.

HYIPs, Pyramid Schemes, and Coin Doublers

  • Effort: Low
  • Income: Low
  • Risk: High
  • Earning Potential: Zero to Unlimited

High yield investment programs (HYIPs), pyramid schemes, and coin doublers can all be found online. They were particularly popular during the crypto boom of 2020, but they’re still around today.

All of these systems have a similar promise: they promise to make you rich quickly. All you need to do is deposit money, then hope for the best.

Like all pyramid schemes, HYIPs and coin doublers are doomed to fail. The purpose isn’t to make money long-term: the purpose is to make money from the last people to join the scheme.

Inevitably, the scheme will fail, the bottom ranks of the pyramid will lose money, and the higher ranks of the pyramid will earn a profit. If you’re at the top, you did great. If you’re like 95% of the pyramid, you lost money.

Bitcoin Forks and Other Crypto Forks

  • Effort: Low
  • Income: Low to Medium
  • Risk: High
  • Earning Potential: Varies on new coin success

When members of a crypto community cannot agree on rule changes, the cryptocurrency might fork into two different versions.

We saw forks happen with Ethereum (with ETH and ETC), bitcoin (with BTC and BCH), and with Bitcoin Cash (BCHABC and BCHSV).

How does this get you free crypto? Well, when the fork occurs, you technically own both versions of the cryptocurrency. If you held 10 bitcoin in July 2020, then you would have owned 10 BCH and 10 BTC after August 1, 2020 fork. You can’t spend both coins simultaneously, but you technically created crypto out of thin air.

Crypto forks can also be a great opportunity for other reasons. When BCH launched on August 1, the price fluctuated wildly, jumping from $100 at launch to nearly $1,000 in the first few hours. You could have bought and sold the forked version for enormous profit during this period.

Trading Bots

  • Effort: Low
  • Income: Low to Medium
  • Risk: High
  • Earning Potential: 0% to 100%

For every legitimate trading bot available today, there are 99 scam trading bots. You can find plenty of sleazy trading bots that promise easy money and guaranteed daily profits. None of them work as advertised. We reviewed bitcoin trading bots but even those referenced are not sure-bets on promise or potential.

Some trading bots, however, generally do work as advertised. They use algorithms to make trades based on current market activity.

Good trading bot developers have created bots based on historic crypto trading data. These bots read market conditions to determine when to buy or sell. You authorize bots to make trades on your behalf.

With a good trading bot, you can easily make money with limited personal involvement. Just give the bot $1,000 and watch it go to work. There’s a chance you end up with nothing. There’s also a chance you’ll consistently grow your money over time.

Binary Options Trading

  • Effort: Medium
  • Income: Low to High
  • Risk: High
  • Earning Potential: Zero to Unlimited

Binary options trading has earned a bad reputation over the years – and for good reason. There are plenty of scammy binary options trading platforms available today.

They’re called ‘binary’ options because there are only two options: you can win or lose. For a binary options bitcoin trade, you might buy an option for something like, “Will the price of bitcoin be above $5,640 in the next five minutes?” If you answer that question right, you win.

Just like with trading bots, binary options trading platforms are mostly scams. The industry is so notorious for scams that Canada banned short-term binary options trading entirely.

Overall, binary options trading is more like gambling than investing. If you’re looking for a high-risk way to make crypto and bitcoin, however, then binary options are certainly one possible method.

Futures Trading

  • Effort: Medium to High
  • Income: Low to High
  • Risk: High
  • Earning Potential: Unlimited

The first regulated bitcoin futures trading marketplace launched in December 2020. The price of bitcoin surged to its all-time high of $20,000 shortly thereafter.

Today, bitcoin futures trading is still an option for all types of investors. You take a long or short position on a futures contract. The party in the long position agrees to buy the underlying asset in the future at a specific price, while the party in the short position agrees to sell at a specific price.

If you can consistently predict the price of bitcoin (good luck), you can make money through bitcoin futures trading. Many traders also appreciate that bitcoin futures trading is available on markets regulated by the CFTC, giving them an extra layer of legitimacy. Learn about Bakkt for more on bitcoin futures trading.

Ask for Donations or Get Creative with your QR Code

  • Effort: Low
  • Income: Low
  • Risk: Low
  • Earning Potential: Low

Every so often, one creative person strikes it lucky. They print their bitcoin wallet’s QR code on a sign and get featured at a public rally or sports game. Someone sees your QR code, decides to send you a few bucks, and the donations start pouring in.

Asking for donations can be an effective way to earn bitcoin online. Some websites ask for donations, for example, instead of displaying advertisements.

Other websites or service providers ask for a tip. If the info on the page was good, for example, then you can tip a few pennies. It doesn’t sound like a lot – until millions of people visit your page.

Whether you’re starting a crowdfunding campaign or making a silly QR code sign for college football season, there are certainly ways to make bitcoin online by asking for donations or displaying your QR code.

Crypto Interest-Earning Savings Accounts

  • Effort: Low
  • Income: Low
  • Risk: Medium
  • Earning Potential: 1% to 6%

We’ve reached a point where we now have crypto savings accounts that can earn interest. They work similarly to fiat currency savings accounts: you deposit money, then earn interest on your account over time.

Typically, these accounts are offered by wallet service providers. You lock your funds into the account, then earn anywhere from 1% to 5% per year. Interest can even be compounded, maximizing your returns even further.

BlockFi is one of the most reputable providers in this space, offering interest rates as high as 86% per year for BTC and ETH savings accounts. (Join Here.)

At this point, these savings accounts are risky, and there are few guarantees your money is 100% safe. Of course, critics will argue that the same can be said for banks (of course, your bank account is protected by FDIC insurance).

Get Cashback with Affiliated Retailers

  • Effort: Low
  • Income: Low
  • Risk: Low
  • Earning Potential: 0.5% to 9% Per Purchase

Some retailers and shopping services now give cashback in crypto. Rakuten (formerly known as Ebates), for example, is a popular Google Chrome extension that offers cashback for customers when they purchase from thousands of websites. The extension works for Groupon, Best Buy, Nike, and other major retailers.

A similar service called Lolli is available for crypto users. Lolli lets you make purchases on major retail websites like CVS, Macy’s, or Sephora, then get cashback in bitcoin. Some stores give cashback incentives as high as 9% when paying in bitcoin. Others give you a flat reward in bitcoin.

Pei is another similar platform, letting you unlock cashback in BTC, USD, or gift cards. Every time you shop at Pei merchants, you get cashback directly in your Pei account. Partner retailers include Chipotle, 7-Eleven, and Target, among others.

By taking advantage of these cashback services, you can earn bitcoin just for shopping at your ordinary retailers online.

Play Games to Earn Bitcoin

  • Effort: Low
  • Income: Low
  • Risk: Low

Playing games is arguably the most fun way to earn bitcoin. Yes, you can legitimately play games online and get paid in bitcoin.

Some of these games work in a similar way to faucets, providing a trickle of money to anyone playing the game. These games were more common (and better paying) during the early days of bitcoin, although you can still find certain faucet-style games today (particularly in the digital casino world). Many of these games will pay you a trickle of money as long as you continue to gamble.

Other games let you earn crypto without any type of faucet system. You farm for rare loot or collectibles, for example, then sell it on the marketplace for crypto. Certain collectible ERC-721 tokens, for example, can be extremely valuable.

Other games work like traditional MMORPGs, where you earn digital currency by completing various in-game tasks. That in-game currency has real value on various marketplaces.

Some of the most popular crypto-earning games include Huntercoin (where you earn Huntercoin or HUC tokens for killing monsters), Steem Monsters (a collectible card game with tournament winnings paid in Steem), and Storm Play (a microtask platform where you get paid in Storm).

Playing games to earn crypto is fun, but don’t expect to make much profit. Also, FYI, do not get confused with how to earn CryptoKeys dealing with Call of Duty Black Ops 3.

Start a Crypto YouTube Channel or Podcast

  • Effort: Medium to High
  • Income: Unlimited
  • Risk: Low

Creating crypto media – like a YouTube channel or podcast – is one of the best ways to earn crypto online. If you can build a dedicated following of people, then you can earn some serious crypto income.

YouTube doesn’t let content creators get paid in crypto. However, there are thousands of YouTube channels dedicated to discussing various aspects of the crypto world. Many of these channels earn advertising revenue from YouTube, but they also earn crypto income in other ways, including:

Referrals: Crypto YouTubers may refer you to exchanges using a referral code. The YouTuber gets paid every time someone deposits money into the exchange through their referral code.

Affiliate Sales: You have thousands of followers interested in cryptocurrency. Send your followers an affiliate link for a crypto wallet, an eBook, an Amazon product, or anything else they might be interested in. Merchants will pay you a cut of each sale ranging from 5% to 50%.

QR Code Donations: The crypto community can be generous, especially if you have a reputation for frequently giving out useful information via your YouTube channel or podcast. Display your QR code or share your public wallet address with your community. Donations may pour in.

Advertising Income: YouTube displays its own advertisements, then pays content creators based on the number of views. However, crypto companies might also approach you and ask to be featured on your channel or podcast. You may be able to negotiate advertising slots for crypto.

As your crypto media empire takes off, the opportunities for earning crypto will skyrocket. During the height of the crypto boom, some YouTubers were making 6-figures per month in advertising revenue.

Build a Website and Sell Advertising Space

  • Effort: Medium to High
  • Income: Unlimited
  • Risk: Low

Build a crypto-focused website, then sell advertising space to crypto companies. A crypto startup preparing for its ICO, for example, may offer you 1,000 of its new tokens in exchange for a one-week advertising slot. A crypto wallet company might pay you in bitcoin to have a banner ad on your page.

When you start a crypto-focused website, your advertising opportunities aren’t just limited to Google AdSense. You can join other advertising networks or sell directly to crypto companies. Once you build a website with a significant following, crypto companies will start approaching you with advertising offers.

There are thousands of crypto websites out there, but there are still plenty of niches that remain unfilled in the crypto space. Start a website focused on regional crypto discussions – like keeping up with the latest updates on bitcoin in Ethiopia. Write product reviews, analyze crypto investments, or write technical analysis online. There are plenty of opportunities.

Become a Crypto Influencer

  • Effort: Medium
  • Income: Medium to High
  • Risk: Low

A single tweet or Instagram post from an account with hundreds of thousands of followers can be extremely valuable for a crypto startup company.

Crypto influencers are similar to influencers in any other space. If you can attract a significant following online, then people will pay you to send information to your followers.

Start building a following on Instagram, Twitter, or anywhere else. Maybe you start an account dedicated to crypto memes. Maybe you flex your expertise with the world. If you can build up a following of people interested in crypto, then you can leverage that following to your advantage.

Work for Coins or Projects in Marketing/PR Roles

  • Effort: Medium to High
  • Income: Low to High
  • Risk: Medium

Crypto startups need marketing and public relations (PR) people. They might pay you in fiat currency, but many startups will pay in cryptocurrency.

It’s like the early days of Google and Apple where you hear about people getting paid in stock options instead of cash. If you get paid a significant amount of a new token, and then that token explodes with growth, then you could become very rich.

You don’t have to have significant marketing or PR experience to provide value to a company. You can start by translating a whitepaper to your native language, for example. Maybe you have social media experience.

Marketing and PR roles can range from grunt tasks to executive and management roles. Apply at multiple crypto companies, then flex your skills wherever possible.

Earn Interest with Crypto Savings Accounts

  • Effort: Low
  • Income: Low
  • Risk: Medium

Crypto savings accounts are now officially a thing. You can deposit crypto into a savings account, then watch that money earn interest while you sit back and relax.

Two of the biggest and most popular crypto savings accounts available toady include BlockFi and Nexo, although BlockFi is the only platform that lets you lock up crypto and earn interest (they’re currently paying 7 to 8% interest per year on crypto holdings).

In the last decade, interest rates have been low in the traditional world of finance. Most savings accounts pay 2% interest per year or less. In the crypto world, however, significant opportunities are still available for you to earn interest.

Exercise to Earn Crypto

  • Effort: Low to High
  • Income: Low
  • Risk: Low

Yes, you can legitimately exercise to earn real cryptocurrency. A mobile app for iOS and Android called Sweatcoin will convert your steps into cryptocurrency.

Would you exercise more if you got paid to do it? That’s the idea behind Sweatcoin. You install the mobile app, and the app tracks your steps. For every 1,000 steps you take, you earn roughly one Sweatcoin (SWC).

Sweatcoins are not available to be traded on any exchanges. However, the tokens have value within the Sweatcoin ecosystem. You can spend Sweatcoins on video streaming subscriptions, airline miles, eBooks, and even iPhones, for example.

OPM: Earn Bitcoin with Other People’s Money

  • Effort: Medium
  • Income: High
  • Risk: High
  • Earning Potential: $500 – $10,000+

Using other people’s money to earn cryptocurrency is more of a gateway to the ‘ways’ listed above. For many moons, people have used other people’s money to get wealthy by obtaining funds to open a business, make an investment or any number of options available once you get money from others. There are also referral business models that focus on OPM Wealth by helping others fix their credit and receive commissions in cryptocurrencies. This is a more discrete way of earning bitcoin profits but one that can stack up very fast due to the nature of assisting individuals in getting money.

Downsides of Getting Paid in Crypto

Getting paid in crypto may sound like a great idea. However, there are certain downsides to getting paid in cryptocurrency, including all of the following:

Volatility: Volatility is the main problem with getting paid in crypto. The amount you get paid today could be worth substantially more or less one month from now. If your bills are also in crypto, then that’s not a problem. Most people’s rent, mortgage, and insurance bills, of course, are in fiat currency – not crypto.

High-Risk, High-Reward Gambling: When you get paid in crypto, you’re gambling. It’s a high-risk, high-reward game. It’s possible the money you’re earning today will be worth 10x that amount in the future. It’s also possible that money will be worthless.

Regulatory Changes Can Severely Impact You: Governments worldwide are still trying to figure out how to tax and regulate cryptocurrencies. Some governments have banned crypto entirely. If you get paid in crypto, then your government introduces strict regulations against crypto, then getting paid in crypto is suddenly less attractive.

Changing Tax Requirements: Most governments require you to report all money you earn. Otherwise, you’re evading taxes. Most governments treat crypto earnings like property earnings. You need to report any capital gains you’ve made from crypto. Of course, the tax status of crypto is changing regularly. If you earn significant crypto income, then you could be dealing with tax headaches for years.

Crypto Isn’t Widely Accepted: You might make most of your money in crypto, but that doesn’t matter if your bills aren’t in crypto. Grocery stores, landlords, and banks may not accept crypto payments, for example. Getting paid in crypto can be great – until you need to pay your bills in fiat currency.

Based on these disadvantages, you may or may not want to get paid in crypto.

Tax Treatment for Earning Cryptocurrencies: How Do Taxes Work with Crypto Earnings?

First and most importantly, we recommend talking to an accountant if you earn significant crypto income. Evading income taxes today can lead to enormous fines and jail time in the future. Hiring a good accountant might be the best investment you ever make.

Many newbies assume that the U.S. government ignores taxes on crypto earnings. That’s not true whatsoever. The United States government has had official bitcoin-related tax policies since 2020.

If the IRS believes that you have earned significant money by buying or selling crypto, then they will go after you. Similarly, if the IRS believes you are under-reporting income taxes (say, by getting paid half in crypto and half in fiat), then they will also go after you. Tax evasion is illegal, and you can face penalties for unreported income over the last six years (or more, in some situations).

For tax purposes, the IRS has always treated cryptocurrency like property. That means you need to pay capital gains taxes on any crypto profits. It also means you can deduct income using any losses you’ve made by buying high and selling low.

How much do you owe the government based on your crypto holdings? Here are two steps to take when dealing with cryptocurrency and taxes.

Step 1) Calculate Profits or Losses Using the Buy Date and Sell Date

Figure out how much profit you made from selling cryptocurrency. Did you buy a coin low and sell it high for a profit?

To answer this question, multiply the sale price of your cryptocurrency by the amount of the coin that you sold. Then, subtract how much you originally paid for that crypto. You can also subtract any fees you had to pay to sell that crypto.

The figure you end up with is your realized gain or profit. If you bought high and sold low, then this number will be negative, and this is your realized loss.

Step 2) Separate Short-term and Long-term Gains

Next, you need to determine if your gain was short-term or long-term. Identify the date you purchased your crypto, then note the date you sold it. The period in between the two dates is called your holding period. If you held your crypto for one year or less, then it’s considered a short-term gain. If you held it for longer than a year, then it’s considered a long-term gain.

The IRS charges long-term and short-term gains in different ways.

Short-term gains, for example, are treated like ordinary income, and they’re added onto how much money you made for that year, which means your crypto is taxed at your margin tax rate.

Long-term gains, meanwhile, are calculated as capital gains, which means you pay capital gains tax – not income tax – on your crypto profits. Long-term capital gains tax is generally lower than your income tax. Your long-term capital gains tax in the United States is 0%, 15%, or 20%, based on your taxable income and filing status.

Once you’ve gone through the above steps, you can add the information to your income tax report then pay your taxes.

Final Word

The curated list of the best ways to earn bitcoin should shed light on the top methods to create cryptocurrency profits for anyone looking to partake in the blockchain revolution.

While purely-speculative, capitalizing on the current cryptocurrency trend may pay huge dividends down the line when the price of Bitcoin could increase in value. So all work and time put into earning bitcoin today could be a multiplied in value should you ‘hold’ out. Even if you cash-in or spend bitcoin for goods and services in real-time to pay the bills, building your network by connecting with industry leaders who are offering jobs that pay in cryptocurrencies is a quality move to make given the promising future bitcoin has.

From 6,000 BC to 21,000,000 BTC, from having bartered sea shells to issuing banknotes and valuing precious metal markets; how society deals with money’s value and purpose has always had its core concepts from the very beginning of civilization. And now, since the dawn of Bitcoin a decade ago, the #DeFi world has begun to rethink the principles and origins of money.

In a nutshell, Bitcoin offers itself up as a unit of measurement, a medium of exchange and a store of wealth value. Bitcoin is infinitely divisible, so no matter how many are lost or become unusable, whatever amount is in circulation has the potential to be used as the programmable money of the future for a long time to come. This ‘crypto meme’ sums up the bitcoin matrix:

There are more ways to earn crypto online today than ever before. Sure, there are no longer any bitcoin faucets dispensing free bitcoin. But there are now thousands of companies willing to pay you in bitcoin for performing a service. You can find crypto savings accounts, gambling platforms, and cashback services among all the methods reviewed above. Here is a clip from crypto influencer Andreas Antonopoulos on earning bitcoin vs buying bitcoin in 2020:

So what are you waiting for? Follow the methods above to start generating bitcoin profits fast online today.

It’s time for everyone to join the crypto party and start Bringing Your Own Bitcoin to the celebration by earning it online. Keep stacking satoshis and get paid in bitcoin fast before the BTC price increases, thus your work and cryptocurrency community contributions increase in value too.

I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!

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