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The world of BTC trading can certainly be very seductive, but also very ruthless and dangerous. At the beginning there may be optimistic expectations and ideas of “Lambo” or private jets, but at the end often only canceled trading accounts and eyes for crying remain.But trading is not the only way to earn BTC. Here are a few more ways to get there without having to watch the charts all day.
Bitcoin mining
This is probably the craziest, but also the safest way to earn some of Bitcoin. Mining dates back to the time when Bitcoin was created and mining quickly became the main source of income for many companies. Companies like Bitmain, F2Pool and Lubian make millions of dollars every month from their mining activities.
However, it requires considerable capital at preliminary costs. Mining is not a cheap activity. Operating a medium-sized company could cost millions. For this purpose, companies such as Bitmain, Ebang and many others offer a wide range of specialized mining equipment – ASIC miners. Or you can simply join a mining pool (AntPool, Binance Pool…). These allow people to invest directly in mining without the need to set up infrastructure.
Cryptocurrency Loans – Crypto Lending
There are companies like Crypto.com, Nexo or Cred that operate in the world of cryptocurrencies similar to banks. They offer “staking” services of some cryptocurrencies and lend them to other interested parties. The accumulated amounts can be transferred to BTC or reinvested for another period.
Error finding
At the time of the ICO 2017–2018 project mania, many startups offered the opportunity to earn cryptocurrencies if one managed to identify inconsistencies, errors or security gaps in their application or network. Although the vast majority of projects from this time have disappeared, the possibility of bitcoin rewards for troubleshooting is still active.
Websites like Hackerone maintain a list of ongoing rewards, and many of them are paid in bitcoins. Of course, this requires knowledge of coding and blockchain. Not to mention is the fact that some exchanges also offer these programs – for example, Kraken states a minimum reward of $ 500 in bitcoins and Blockstack up to $ 2,000 if the conditions of the program are met.
Referral programs and Affiliate marketing
Referral programs are widespread in a really large number in the cryptocurrency world. From this point of view, they are most likely run by crypto exchanges, which offer a “commission” to users who bring other people to the platform thanks to affiliate links. They thus have the opportunity to earn BTC without having to buy it on the exchange or obtain any other method mentioned above.
Work for Bitcoin!
This is perhaps the most interesting option, as working for bitcoins can be a good choice for many. Sites like Crypto.jobs list many jobs for developers, content creators, and designers, with many companies offering payroll in bitcoins.
Of course, the disadvantage may still be the very high volatility of the BTC price (although recently some have called BTC almost stablecoin).
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