A successful strategy in making bank requires an understanding of gradual economic adoption of Bitcoin as a unit of measurement for the new world running on the internet.
Even if you don’t take it seriously, there’s also a fun, stress-free way to get into the game without having to invest too much of your savings into Bitcoin.
With @Bitnob_official‘s Lightning Network integration, we now have free, instant, non-reversible remittances of any size to and from the United States, Nigeria, and Ghana.
$10 in my US bank account became spendable NGN for @bernard_parah in seconds.
Monetary history. pic.twitter.com/UXTf70qkpR
— Jack Mallers (@jackmallers) August 19, 2021
Bitcoin’s second layer solution; The Lightning Network (LN) is a great technological fit for creative industries on the web in a variety of ways.
They allow creators to take micropayments or to accept direct payment for their work without banks or payment processor taking a cut and potentially trying to censor content they object to.
They can even create novel ways to monetize digital content without subscribing to frivolous monthly paywalls.
Whether you love surfing the internet, completing surveys, playing games, blogging, writing guides, sharing informative news, create specialized analysis or write consumer reviews, you will find there are plenty of ways to earn bitcoin or Sats on a daily basis.
Micro-income
This method is the easiest, and basically involves no prior skills or training. In short, anyone can do it and is thus the most popular one among those listed here. The downside to it though is that, because of this, it is also the method with the least payout considering how popular it is.
Some of the more popular examples include:
Bitcoin Faucets
A Bitcoin faucet usually comes in the form of an app or a website that gives out Bitcoin payment (in the form of Satoshis) for completing a task. The task could be playing a game or even as simple as completing a captcha. One such site that I use is Cointiply.
Pay to click
Another way you can go about it is using sites like Cointiply, where you get paid a small amount of BTC for completing tasks such as visiting other websites and viewing ads. Basically as the name implies, you get paid for clicking on things, watching videos, playing games or completing surveys.
The payout, as I mentioned before, is usually small. For example, the payout for viewing 40 to 50 ads each of 15 seconds earns about 4000 to 5000 Satoshis. This is not a lot of Bitcoin but combining this with the other methods above can earn you something a bit substantial.
Games
Another fun way to make small amounts of Bitcoin is to play simple online games that pay in Bitcoin. Cointiply has simple web based games that pay out in the form of Satoshis.
How much did you earn from playing games on Cointiply? 🤔
Comment down below your answer and what is the name of the game. 👾🕹 pic.twitter.com/6IAoIpSYPY— Cointiply (@CointiplyFaucet) August 19, 2021
Under the same platform, there are also Paid Offers which is one of the easiest ways to earn rewards. The trick is to follow the instructions per task to complete the offers successfully and get paid.
Other Examples
In addition to the methods above, you can also spin the wheel to win a progressive jackpot (up to 100,000 coins) that one can use to make micro-earnings paid out in BTC. Or you can Multiply your coins for a chance to win a bigger bounty.
What I like most about Cointiply is the Paid Surveys they offer. This, along with fact that they have a great survey offer wall, Tap Research and Revenue wall. They can pay thousands of coins just for completing some surveys.
If you love surveys that pay out sats, another platform to consider is Survey Time. Plenty of surveys with no minimum payout, that’s what makes this site highly popular with Micro-taskers.
Get your free $1 when you sign up here.
The truth of the matter is that none of these platforms offer anything out for free without input from your side.
All of them require you to spend a little bit of effort and time in order for you to earn BTC.
Cashback rewards in Bitcoin while shopping online
Lolli is a Chrome extension that helps you do just that, allowing you to earn up to 30% for over 1000+ top brands all across the web, with virtually no effort!
To earn Free Bitcoin with Lolli, you just need to follow some simple steps:
- Install Lolli extension on your chrome browser.
- Shop the web, Lolli will pop up to notify you on the percentage of Bitcoin you can earn-back.
- Buy whatever you’re planning to buy as normal.
- Earn free Bitcoin when you checkout using Lolli.
For more information on how to earning free bitcoins when you shop, visit this article with all my tips.
(B) BlockFi – Bitcoin Rewards Credit Card
Get the world’s first credit card that lets you earn bitcoin back with every purchase.
With the BlockFi card, you can earn 1.5% back in bitcoin on every purchase.
Some of the new BlockFi Credit Card bonuses are:
-
3.5% bitcoin rewards on all purchases during your first 3 months of card ownership, up to $100 in bitcoin
- 2% bitcoin rewards on on every purchase over $50,000 of annual spend
-
0.25% back in bitcoin for eligible trades on BlockFi, up to a maximum of $500 in bitcoin each month
-
$30 in bitcoin for every client referral, on top of the base Refer-a-Friend program
Issued by Evolve Bank & Trust, this metal credit card will work like a regular card and will be accepted almost anywhere. Whenever you make a purchase, the bitcoin rewards will be automatically deposited into your BlockFi account.
Plus, BlockFi credit card is completely free to use. There’s no annual fee and no foreign transaction fees!
This Bitcoin Rewards Credit Card is now available to US residents (except those residing in NY).
How to get your BlockFi Credit Card:
1. Visit BlockFi and sign up for a free account. Yes, you need a BlockFi account to apply for the Bitcoin Rewards Credit Card. A BlockFi account is necessary to receive your rewards.
2. Apply for BlockFi credit card.
3. If you’re using the BlockFi mobile app, make sure you’ve updated to the latest app version.
(C) Fold – Bitcoin Rewards App
Mallers burst onto the mainstream in June 2021 when El Salvador’s President Nayib Bukele embraced Bitcoin.
He revealed on stage at a Miami conference that his company had been working behind the scenes with the government for months to make BTC a legal tender in the country.
This app is by far the best way to earn bitcoin without putting in much effort.
If you’re a U.S. citizen, you can take one step further by applying for the Fold card to receive sats-back when you use it for shopping.
The Fold app is equipped with a Daily Spin reward system which resets every 24-hours. Login daily to earn Sats and special prizes. 🤞 Who knows, you might even hit the jackpot and bag yourself 1M Sats.
Get 5,000 sats when you sign up for a free Fold account today!
Accepting BTC for my Online Business
It’s easy to start. Get a Ledger Nano S, setup the software to receive bitcoin. Copy and paste the QR code on your blog or simply send it to your customers for payment.
This will widen your global reach, make payments secure, and speed up the entire payment process. No more giving up your private details (KYC) to PayPal. The privacy of your customers are also assured.
The best part is that it’s incredibly easy once you get the hang of it. If you’re running a physical establishment, it’s a matter of putting up a small QR code at your storefront and beside your cash register.
At those points, customers can just send funds directly to your Ledger.
Once you start raking in the sats, you can then accumulate over time and HODL —and in a year or two, it may just grow in purchasing power.
This is probably the best and fastest way to earn a decent amount of bitcoin – offering services in exchange for payments in BTC.
Whether you’re a writer, translator, Youtuber, copywriter, designer, marketer, developer or an engineer, you can always offer a discount to your clients if they pay bitcoin.
Personally, I’ve used AngelList to hire writers and pay them in bitcoin. If you’re looking to work for a crypto startup or maybe secure long-term employment, you can always request to be paid in BTC.
However, not everyone has the patience to seat down and write 1000+ word articles. If this isn’t your cup of tea then you can head on over to BitcoinTalk, where you can get involved in their signature campaigns.
For those who are not familiar with the term, a signature campaign is a system where you wear a signature (in this case, BitcoinTalk’s signature) and advertise a Bitcoin product by posting it on the forum or page.
Signature Campaigns – BitcoinTalk
There are a few caveats to this method however; one is that new members or “newbies” are not always able to join the campaign or “sigcamp” as they call it. Most times, for you to qualify, you have to be a full member. However, not all campaigns have the same requirements and some do accept junior members.
Your membership level not only limits the campaigns you can take part in, but also affect how much you earn from them. As an example, a full member on average can make about 0.0005BTC per post. Depending on the limiting number of posts for the specific campaign that you chose, that could amount to quite a bit of income weekly.
The other advantage to this method is that the lower word limit on posts is 60 words. So, unlike long articles and blogs, this means that you get to save time and can also churn out more work within a short period of time.
Here you can find an index of currently ongoing campaigns on BitcoinTalk.
If you would like to earn bitcoin from offering your services, this marketplace offers numerous gigs where you can start off.
Referral Marketing
The truth of the matter is that you don’t really need to be a full-blown writer in order to earn Bitcoin. You can always start a blog related to this industry and earn a referral from creating digital content about certain platforms.
How can you earn bitcoin through referral?
- Hardware wallets
- Crypto Swap Services
- Peer-to-peer exchanges
- Crypto Lending & Borrowing
- Answering surveys
- Crypto Exchanges
- Bitcoin Hosting Services
Trading
Trading is a game of patience. But, and its a big but. For you to outperform the market, tons of other people like yourself have to first underperform. And that is just the simple mathematical fact.
And most of the time traders would try to study the market, feed off the news, read and follow “prophets” of the market to try to time themselves to either go in or get out.
There are two main types of trading:
Spot trading
Instead of holding Bitcoin as a long term asset, spot trading occurs when you buy and sell BTC over a short period of time, in order to make a profit.
The one hurdle that you have to overcome is that you need to own a considerable amount of bitcoin before you can execute your plan.
Binance
| 24-hour Bitcoin trade volume | $30 billion – Check Real Time |
| Accepts fiat | Use the new Credit card option. |
| Fees | Trading fee 0.1% (discount for BNB holders); Withdrawal fees Vary |
Before you start trading on Binance, you will need to buy Bitcoin first. Read my step-by-step guide on how you can do that on the platform.
Bitcoin futures
Instead of trading directly with Bitcoin, a futures contract is essentially an agreement to buy or sell Bitcoin at a specific future time and at an agreed price.
Futures trading is highly complexed and you can lose all your money if you don’t know what you’re doing.
Bybit
Using the futures contracts of Bitcoin as an example to illustrate this concept:
Both buyer and seller come to an agreement on the delivery of 5 BTC at the price of $20,000 on Dec 31, 2020. On the settlement date, Dec 31, 2020, the seller has the obligation to sell 5 BTC to the buyer at $20,000 regardless of the market condition. Conversely, the buyer also has the obligation to buy 5 BTC at $20,000 regardless of the spot price of BTC. Buyers and sellers may choose to close their exposure anytime before the settlement date.
Conclusion
At the end of the day, BTC is just capital (The scarcest of all known assets would attract the most capital), and accumulating sats will help you get ahead of the money game.
But it’s also important to remember what this Bitcoin movement is all about.
The basic pillars:
- – Open
- – Borderless
- – Neutral
- – Censorship resistant
- – Decentralized
- – Publicly verifiable
- – Immutable
Do not leave your BTC earnings on any platform.
They’re a single point of failure. A central point of attack. Make no mistake, they will get hacked one way or another, internally or externally.
That’s why you shouldn’t just leave all your hard earned bitcoins in a wallet provided by any sites.
Get a Hardware Wallet that secures your bitcoin offline.
Here are two hand-picked guides to help you understand this a little better: