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Earn Bitcoin: What are the Different Ways to do it?

There are different for you to earn bitcoin and also increase passive income streams through real Bitcoin (BTC). Do you want to know what these different ways are? Well, you have come to the right place. I’ll walk you through the different ways how you can grow your earnings from Bitcoin with minimal effort.

Different Ways to Earn Bitcoin and to Earn Money from Bitcoin

  • Trading Bitcoin

Trading Bitcoin (denoted by BTC) is the easiest way of earning from Bitcoin. Bitcoin’s price against the US Dollar  (BTC/USD pair) has increased from US$6,412.5 in March 2020 (when the Bitcoin market crashed due to the COVID-19 crisis) to US$36,401.1 at the time (January 18, 2021; 2:59 pm UTC; Monday) of writing. That means the price has increased by almost 6-times or 470% in the last 10-months.  

If we consider the price rise in the last 4-years, it has surpassed all other financial instruments by miles. In January 2017, the BTC price was US$965.5. In these 4 years (49 months to be precise), the Bitcoin price has increased by more than 36-times or 3,670%. Bitcoin price may have high volatility, it also gives you a high return, no matter whether it is one-year or four-years.  

  • Hodl or Hold Strategy

The easiest and most fruitful way of making money is through holding. Buy Bitcoin now and hold it for one year or more. It can give you a huge return. Just imagine how much you could have earned if you invested US$1,000 in January 2017. Your investment could have grown by 3,670% in just 4-years. If you are a risk-taker, go for a short-to-medium-term ‘hodl’ strategy.

  • SIP Investment Strategy

Another interesting investing strategy is a Systematic Investment Plan (SIP). It uses the Dollar Cost Averaging method. This investing method averages out the risk as you invest on a regular basis no matter whether it is a bull market or a bearish market. As the risk potential decreases, the return potential also decreases. On a regular investment for 4-years (say, US$100 every week), you could have earned over 250% return.  

In comparison to the one-time payment and ‘hodl’ strategy (which provided you with a 3,670% return), SIP would give you a decent return after averaging out the risk out of your investing. Even a 250% return in just 4-years is also uncommon in the financial investment world.

If you are a risk-averse person, go for the SIP or dollar-cost averaging method of investing.

  • Intraday Trading Strategies

If you become a pro in trading, you can make huge money daily through intraday trading. An intraday trader can use the strategies such as Momentum Trading Strategy, Reversal Trading Strategy, Breakout Trading Strategy, Gap and Go Trading Strategy, Bull Flag Trading Strategy, Pull Back Trading Strategy, and Moving Average Crossover Strategy. We’ll discuss the daily crypto trading strategies in detail in another write-up.

  • Automated Cryptocurrency Trading

Crypto Trading Bots (or crypto bots) are instruments used by traders to remove fears and emotions from their trading. This cryptocurrency robot will help traders run trading techniques that are usually available in hedge funds. A trading bot essentially is software that automatically analyzes market data and makes trading operations based on indicators built with these data. When put on autopilot, it trades for you.

Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.

However, cryptocurrency robots are not a “sell it and forget it” type of trading instruments. Usually, it has been seen that investors tend to put crypto bots on autopilot and forget. They get passive. However, to get the best return, always remain on top of affairs. You must tweak bots as per the market condition, which usually changes multiple times in a day. 

All crypto bots are not reliable. So, you must be prudent while choosing the right crypto trading platform. Always do proper research while choosing a crypto bot. It is advised to work only with reputed crypto bot providers and exchanges such as NapBots.

NapBots.com is a cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda. The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool.

Though NapBots has a proven record of providing great returns to investors, it doesn’t guarantee profit all the time. It can provide you astonishing returns with hourly strategies. As the crypto market is very volatile, you should expect to see losses from time to time too. If you're not ready for that, you shouldn’t get into crypto trading in the first place.

If you are a novice in the cryptocurrency market, you can put your cryptocurrency trading on autopilot, get excellent ROI, and keep earning your passive income round the clock, even when you are sleeping. However, always keep in mind that NapBots is not a get-rich-quick scheme. Please check the reviews on NapBots.

 With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following: 

Step #1:  Connect to one of the available trust exchanges.

Step #2: Select from the unique list of performing Bots of NapBots.com

Step #3:  Choose a plan that suits your investment style 

Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you.

Besides investing or trading in Bitcoin, there are many other legit ways of earning free Bitcoin in your spare time. Let’s check them out.

 

Lending Bitcoin to Earn Interest with Crypto Saving Accounts 

You can lend out Bitcoin if you already own it and receive attractive interest in return. This crypto lending strategy and earning interest is completely passive. If you are a long-term investor (who is holding Bitcoin for increasing its value without doing extra efforts), Bitcoin lending and earning interest from it is a good passive income strategy.  

There are many crypto lending platforms such as YouHodler. These accounts are interest-bearing ones. You can deposit your Bitcoin in these accounts and earn interest for a predetermined amount of time. The interest rates are better than traditional banks.  

YouHodler is one such reliable peer-to-peer lending marketplace where you can deposit your Bitcoin investment and expect to earn around 12% on your return on investment in the form of bitcoins.

You simply have to create a free YouHodler Savings Account, deposit your Bitcoin in your YouHodler wallet, lock your funds for a specified time period, and get paid weekly in Bitcoin. When you are transferring your money or crypto to interest-bearing accounts, it means you are transferring the ownership of your Bitcoin to the lending site temporarily. So, you have to trust them that they will keep your coins safe for you.

The concept is very similar to the fixed deposit accounts where you invest your money for a specified period of time to earn a certain interest. The concept is the same here. The only difference is that you put your Bitcoin here instead of your fiat money (US Dollar, Euro, or other popular currencies).  

There are also other Bitcoin lending sites that help you earn interest such as:

  1. BlockFi
  2. Nexo
  3. Celsius Network
  4. Binance Saving
  5. Compound Finance
  6. Crypto.com

Hold your Cryptocurrency in an Online Wallet and Earn Rewards

You can earn rewards by staking. You have to hold your crypto in your wallet and get rewarded for it. Staking is a fund storing process in a crypto wallet for supporting the operation and maintenance of a blockchain network’s security.

Staking networks use Proof of Stake as their consensus algorithm.  When you stake your crypto coin, you help the staking network to remain secure. For helping the network by holding your crypto funds, it provides you periodic rewards.  

When you stake, you have to ensure that the staking wallet remains connected to the internet 24x7 to hold your coins. Once you stake your crypto for a specified time frame, you earn rewards. 

Staking rewards vary from one crypto to the other. While EOS offers 1-3% annual yield on staking, Komodo offers 6% on staking. Binance makes it easier for you to stake cryptos by taking care of the technicalities.

You simply have to open a free Binance account and deposit the coins. Without having to worry about technical implementation, maintenance set up or running a validating node, you can start staking cryptocurrencies and increase holdings on Binance.

 

Cryptocurrency Affiliate Programs: Refer a Friend and Earn Bitcoin 

There are many affiliate programs where you can join for free and refer new users onto their platform to earn money. You will receive a unique link when you open an account with such a site offering crypto affiliate programs. Now, start sharing the unique link on forums, social media platforms, blogs, websites, and others. Whenever a person purchases anything by using your link, you’ll receive a commission.

 The best thing is that it is completely passive in nature. It is quick to start and easy to earn. The money will keep pouring in after every successful purchase with your link. Crypto affiliate programs can be a good source of passive income if you have a huge following on social media or already run a blog/website having lots of views.

Some of the sites that offer good-paying affiliate programs are:

  • Lolli
  • Local Bitcoins
  • CoinSwitch
  • Binance
  • Paxful
  • Timebucks
  • CinchBucks
  • Brave Browser
  • Hardware wallet: Trezor or Ledger Nano S

 

Buy Things Online and Earn Bitcoin

There are some good Bitcoin cash-back services where you can earn BTC cashback after shopping online. Some of the best Bitcoin cashback services available are Lolli and Pei mobile apps.

  • Lolli

First, download the Lolli browser extension. Now, visit any of their 500+ merchant partner sites (including Walmart, Macy’s, Hilton, Bloomingdale’s, CVS, Old Navy, Marriott, etc.) and buy items. You can then earn crypto cash back and crypto rewards to your Lolli wallet.  

Once your earned Bitcoin balance reaches US$15 and the reward locking period of the merchant is over, you can withdraw your earned Bitcoin. From the date of purchase, the Bitcoin transfer or withdrawal time is usually 30-to-90-days. To withdraw Bitcoin to your wallet, simply enter your BTC wallet address and the free Bitcoins will be transferred to your Bitcoin wallet.

  • Pei

It is a mobile application that provides you a flexible way of shopping for Bitcoin rewards. Use Plain to securely link one or multiple accounts to your Pei account. You’ll receive cash back rewards in Pei points when you shop from a participating merchant (Starbucks, Lolli, AMC Theaters, Burger King, Taco Bell, 7-Eleven,  Panera Bread, Walgreens, Target, Petco, Nordstrom, etc.) by using a linked card.

These points can be converted to Bitcoin.

However, before converting to BTC, you have to convert it to mBTC, where 1 mBTC = 0.001 BTC = 100,000 satoshi. The transfer from your Pei account to your preferred wallet address can be done free of cost.  

You can use Pei’s royalty program for increasing your earning potential. Increase your cryptocurrency rewards by using Lolli and Pei together.

Cryptocurrency mining can also help you make money. However, corporates and mining pools in the Bitcoin mining industry are leading. They are capable of buying powerful BTC mining rigs (having larger mining power or computing power) to solve mathematical problems faster.

 

Buy Cryptocurrencies, Gold, and Stocks Now to Make Money

If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker, verify details (including basic personal information), and then fund your stock or cryptocurrency trading account.  

The best thing about Bitcoin and different types of cryptocurrencies is that the transactions are done without the intervention or involvement of central banking authorities or other banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos. Most altcoins are now incorporating advanced technologies such as smart contracts to improve blockchain technology and its efficacies in real life. This is increasing their values. In fact, the market share of altcoins (including Ethereum) is now hovering around 55%, much more than that of Bitcoin. Just a year back, the market share of Bitcoin in terms of market capitalization was over 60%.

You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies by connecting your bank account (savings accounts, checking accounts, or other account types) or transferring fiat currency money online through bank transfer, credit cards, debit cards, and other payment options.

If you need further assistance, you may consider taking help from the vibrant and helpful cryptocurrency communities. You can trade cryptos with credit cards (business credit cards, personal ones, or citi custom cash cards), debit cards, or other payment options through reliable crypto trading platforms.  

You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long term wealth.

In case you are bullish on the future prospects of gold, stocks, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Then transfer them to hot wallets (including mobile app wallets and software wallets) or cold wallets (including most secure hardware wallets) and hold them for a longer time period for a significant price appreciation. Keep your XRP safe with Ledger Nano S, Trezor One, other Ledger and Trezor models, or other popular ones.

This will help you get a higher return in the long run, much more than investing in stocks, mutual funds, index funds, real estates, yield savings accounts, real estate investment trusts, fiat currency trading (forex trading), CD rates, money saving in savings accounts, money market returns, exchange traded funds, IRA accounts, and others. In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing cryptocurrency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets or digital currencies of investment in the portfolio so that the prospects of these funds increase due to the higher returns of cryptos. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.  

Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. You can start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in cryptocurrencies and make better financial decisions. You can learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly.

As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and others. There are many brokers for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible funds in fractional shares and stocks funds.

You should definitely learn about:

  • Trading for beginners (Step By Step guide)
  • Types of stocks including penny stocks, value stocks, growth stocks, blue-chip stocks, etc.
  • Gold standard
  • Futures contract
  • Gold miner, gold mining company, and gold mining stocks
  • Bad credit
  • World gold council
  • How to play games and make money?
  • How is the market price of gold and other precious metals determined?
  • How to rent out your car to make money
  • Significance of owning gold
  • Stock plans
  • Fixed income assets
  • Stocks and Funds
  • Spot price and futures price of gold
  • Write an eBook to start making money
  • Use spare time and personal internet connection to earn extra cash through part-time graphic design
  • Asset allocation
  • Investment gold
  • Different ways of buying and selling golds
  • How to make money from Google adsense?
  • Gold stocks
  • Utilizing market news for profit
  • Significance of Dow Jones in the stock market
  • How to increase your disposable income through balance transfers credit cards?
  • Different trade ideas
  • Warren Buffet’s investing styles
  • Passive investors
  • Different investment goals
  • Teaching as a private tutor in your free time
  • Cash Management
  • Investing for beginners
  • How to choose brokerage firms and stock exchanges?
  • Gold markets
  • Using price actions to one’s advantages
  • Teach english to earn a lot of money online and start saving
  • Browsing websites can also help you earn little extra cash
  • Margin Requirement
  • Margin Call
  • Margin Account
  • Day Trading Margin
  • Trend Trading
  • Market Maker
  • Options trades
  • Fundamental Analysis
  • Short Sell
  • Market Research
  • Success Rates Of Day Trades
  • Trading Vs Investing
  • Swing Trading
  • Time Frames Of Trading
  • Successful Ways Of Buying Stocks And Cryptos Throughout The Day
  • Risk Management
  • Financial Industry Regulatory Authority
  • Trade On Margin,
  • Foreign Exchange Trade
  • Pattern Day Traders
  • Day trading rules
  • Active trading
  • Secrets of a successful day trader
  • Stock price actions
  • How to pay off debt quickly
  • Planning for retirement
  • IRA guide and fruitful ways of increasing returns of individual retirement accounts
  • Stock price determinants
  • Charles Schwab’s modern approach to investing and retirement
  • Day Trading Tools, trading software, and different financial tools.

 

DeFi tokens and NFTs (Non Fungible Tokens) are the next generation of crypto coins. These decentralized coins have started to become very popular among traders who trade cryptocurrency. You can buy and sell them through cryptocurrency trading platforms too. Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in Chainlink LINK, Litecoin LTC, Binance Coin, Cardano ADA, Polkadot DOT, Dogecoin DOGE, and trade Litecoin LTC for better diversification of coins. To diversify your portfolio, you may also buy stocks through stock brokers. 

Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.

While day trading, you should always try to invest only that much which you can afford to lose money. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important. Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers.

 

Choose NapBots to Increase ROI

Trading Robots (such as NapBots.com) automatically scans the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping. 

Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement. 

NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.  

The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.

 

What’s so special about NapBots? 

NapBots crypto trading software is special because it comes with:

  1. A unique trading algorithm that processes market data for you
  2. A unique crypto trading bot library so that you can create your own mix of trading strategies
  3. Autopilot mode that enables you to automate trading 24x7
  4. An easy-to-use interface so that you can copy the proven strategies of NapBots to make successful trades and make money

How to Get Started with NapBots?

NapBots is easy to start with. It involves just 3 steps:

Step #1: Connect to one of the available trust exchanges.

Step #2: Select from the unique list of performing Bots of NapBots

Step #3: Choose a plan that suits your investment style

Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!

 

Why Choose NapBots?

  • NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public.
  • The setup and installation process are easy. So, non-experts can also use it. The simple and special approach of NapBots helps it provide you with excellent ROI.
  • The team of professionals behind NapBots has extensive experience in the financial market. They have put their years of experience in place so that you can easily automate the management of your funds with no technical skills. This service can run 24/7 and work as your passive source of revenue even when you sleep.

Related Resources:

If you still need assistance, you can refer to the following step-by-step purchasing guides for the various payment methods: