With Bitcoin halving expected in a few days, the BTC price has been steadily picking up the pace. A lot of people are speculating that the price might go on another rampaging run similar to the one in late December 2017. This has elicited a lot of interest in the coin again.
Crypto newbies are now scrambling to get BTC. They don’t want to miss out on their piece of the pie if the price goes bonkers again. If you are one of those looking for ways to get your hands on BTC then this guide will offer the top ways to earn BTC every day.
The following tips will help you earn BTC either as a passive income or an active day-to-day source of livelihood.
Create a Crypto Interest Account
This model lets your funds do the work for you. It is very similar to depositing your money in a bank account and letting your deposits earn interest over time. The longer you let your money sit in the bank, the more you will earn.
This interest-earning model has been adapted to cryptocurrency with a few twists to suit the industry. Here is an explanation of how crypto interest accounts work.
Instead of holding your BTC in your wallet, you opt to lend them out to larger financial institutions for a given period of time. These institutions have a large trading capacity and earn a lot of profit from trading coins. Instead of performing the activity yourself, you lend your BTC to ‘big boys’ and let them make money on your coins.
With this model, you can easily make up to 6% on your BTC over a period of 12 months. Some of the companies that offer interest-earning include BlockFi, Celsius, Nuo, and Crypto. All these companies offer varied interest rates on different coins.
BlockFi, for instance, accepts Bitcoin and Ether deposits. Over a period of 12 months, a customer will earn a 4.5% interest rate from ETH (up to 500 units), and 6% from BTC (up to 5 units).
This is a lucrative venture and if done right and with patience, it can earn you a handsome passive income.
Earn BTC from Performing Microtasks
If you are a fan of passive income, then this model will suit you. This model might not promise millions in returns but it is one of the surest ways of getting some BTC in your wallet. So, how exactly can you make BTC from performing microtasks?
When speaking about microtasks, these are ‘small’ pieces of work, which don’t require much effort. These range from doing small assignments, watching given videos, getting the word out on social media, testing apps in the beta mode, or sending out referral links about new products.
Many companies opt to pay for these small tasks using BTC because it attracts more interested users. Some of the companies, which will pay you in BTC to carry out these tasks, include Bituro and BitcoinReward.
If you run a website or a vlog, then you might want to consider affiliate marketing as well. Affiliate marketing has been a great source of income for web owners for years and now you can earn in BTC instead of fiat currency. As a rule, you receive interest on all money earned via your referrals. You may also get money for making people sign up for the platform.
Get Paid in BTC
Did you know that you could receive your monthly salary in BTC? Yes, instead of a paycheck, you get BTC sent to your wallet. This is one of the ways through which you can earn BTC, especially if you are a freelancer.
Freelance work is full of risks and a lot of people get scammed every year. This is why freelancers are now opting for alternative ways of getting into smart contracts and accepting payments in digital currencies to protect themselves from scammers.
With smart contracts in place, freelancers can work on certain platforms knowing that they will get paid once they achieve their milestones. A lot of companies, especially in the creative industry, are switching to this model because freelancers prefer it over traditional platforms.
Some of such platforms include Bitwage, Angel’s List, Earn.com, Bitfortip, etc. These job boards have tasks in many fields, so you will surely find something that interests you and earn a living in the form of BTC.
It is, however, important to note that you will be required to pay taxes on money earned from freelancing on these platforms. So, make sure to explore the laws of your country.
It is no longer difficult to earn BTC. You don’t have to invest thousands of dollars in mining equipment or be a great trader to get your hands on BTC. There are many channels via which you can earn cryptocurrencies and use them to improve your life.
As the world migrates online every day, even more opportunities will emerge for people to earn cryptocurrencies. You just need to keep your eyes open and look for options in the fields that interest you and choose companies in these fields that are willing to pay in cryptocurrencies.