Steps & Easy Guide to earn Bitcoins
These are the following ways through which you can earn Bitcoins:
- Earn Bitcoins by accepting them as a mode of Payment
- Earn Bitcoins from Interest Payments
- Earn Bitcoins via Mining
- Earn Bitcoins through Trading
- Earn Bitcoins in the form of Monthly Income
Earning Bitcoins as a Mode of Payment
One of the easiest way to earn bitcoins is by accepting them as a means of payment for the goods and services you sell at your shop or on e-commerce portals. If you have a small or medium size business the integration for accepting the payments can be done with ease. For eg you own a business that sells a particular product/service online. No matter what, all you have to do is Get a Free Bitcoin Wallet for your business. Sign Up and get access to broad range of functions.
Display a QR-code with your Bitcoin Address.Â Some wallets offer a ‘Receive Moneyâ€™ functionality. When you earn Bitcoins by accepting them as a payment method on a more regular basis it comes in handy when you use a button called ‘Create Payment Requestâ€™. Here you enter the Bitcoin amount the customer has to pay and it will show the corresponding QR-code automatically.
Earn Bitcoins via Interest Payments
This is another way to earn extra Bitcoins if you already have some with you. You can lend your bitcoins to a person you know and trust. All you two have to do is agree on the terms like Interest Rate, Duration to pay off the borrowed Bitcoins.
Earn Bitcoins by Mining Pool
Bitcoin Mining is a process through which you can generate new Bitcoins. When you perform Mining activity your computer adds new transaction to the Block Chain and searches for new blocks. This mining process is hardware intense and therefore a expensive process to generate and earn new Bitcoins. Now there is something called Mining Pool, where all the computing process for mining is done online without you building your own Mining Farm. For more information watch this video.
Earn Bitcoins via Trading
Safest way to earn Bitcoins is via Trading which is through Arbitrage. This means when you see an opportunity to by an asset in one place at a particular price and trade it off immediately to another person at a premium price. It is important to know that you can sell this asset immediately at a premium price that is above your purchase price at the right time to earn certain profit margin. If it does not hold then you are just trying to gamble.
Earning / Accepting your monthly income in the form of Bitcoins
Getting your monthly paycheck in the form of Bitcoin currency is probably the steadiest way to earn bitocin.Â There arenâ€™t many organisations that pay in Bitcoins at the moment. But if your Employer accepts Bitcoin as a mode of payment from his or her client, then there are chances you will be paid in Bitcoins.