What Is the Fastest Way to Earn Bitcoins in 2020
As Bitcoin is the most popular crypto in the world, many people are still looking for the fastest way to earn Bitcoins online. Unfortunately, there is no one best way to earn Bitcoins, which can apply to everyone. Whatever method of making...
As Bitcoin is the most popular crypto in the world, many people are still looking for the fastest way to earn Bitcoins online.
Unfortunately, there is no one best way to earn Bitcoins, which can apply to everyone. Whatever method of making Bitcoins you select, you will still have to invest time, knowledge, or your computer’s processing power.
Keep in mind that you can only earn minimal amounts of Bitcoins by doing these tasks.
Other methods might bring in more profits, but they will require you to either invest more resources or level of knowledge and expertise.
However, you shouldn’t be discouraged to make small amounts, as in time they can add up, and if Bitcoin continues to appreciate, your earnings will have more value as well.
Now, we will be showing you what are the methods in which you can earn BTC and how to make Bitcoin fast.
Bitcoin faucets are online platforms that reward users in Satoshis (0.00000001 BTC) for performing specific tasks, such as clicking, viewing, or engaging with certain content on the site.
The websites make revenue from the advertisements that are placed on their pages, and from that revenue, they reward the users that invested time on their pages and brought traffic.
Some of the tasks you will be asked to perform might include answering short questions, completing captchas, or rolling dices, and as a reward, you will receive a small portion of their revenue in Satoshis. You can check out our article on Bitcoin faucets to find one you would like to try out.
Similar to Bitcoin faucets are pay-to-click sites that will pay you in Bitcoin if you watch an ad or click to a certain page that has ads. Keep in mind that both types of sites might not be the best way of earning Bitcoins, as you get really small amounts.
Writing About Bitcoin
Compared to other online news platforms, cryptocurrency is still in its infancy, and thus there are very few writers that work on this segment.
It is pretty hard to find decent writers that also have a background or a higher level of understanding in tech and programming. Most writers online have limited knowledge of what crypto and blockchain really are, and rely on other content creators to get their material.
Individuals that understand this niche and are able to write in an engaging style can earn their income in BTC by writing about Bitcoin (or guides on how to make Bitcoins fast). Even if it may not be the fastest way to earn Bitcoins online, as you need time to acquire such skills, it is one of the more lucrative options in terms of payment.
There are established crypto news sites and freelance employers that are constantly looking for the next Balzac of the Bitcoin universe.
Trading is probably the best way to make Bitcoins, but it is also the one that requires the most work.
There are various trading strategies that can be applied to Bitcoin, but essentially, you buy at a low price and sell at a higher price.
While this sounds easy, you will need to have experience and a good grasp of market trends and predictions. Trading will be different and yield different results for everyone, but the fastest way to earn Bitcoins online via trading usually involves day trading strategies.
Arbitrage is a trading strategy that involves the simultaneous buying and selling of securities, currencies, or stocks on different markets or in derivative forms to profit off from the difference from the buying and selling price of the asset.
As the crypto market fluctuates at sharp rates and unpredictable times, a trader might be able to easily profit from major price differences on exchanges.
If you are able to monitor multiple exchanges and execute the trades fast enough, you can generate a big profit margin.
You can also get into arbitrage by using arbitrage bots, as they search for dozens of markets faster than any human could, and they execute trades at instantaneous speed. There is also a variety of trading software on the market that can be used.
Even though Bitcoin has seen a significant decrease in daily price volatility, you can still get a difference worth hundreds of dollars in one day if you know when to make your trades.
Accept Bitcoin for Your Business’ Products
Bitcoin is a currency that even if it is in digital form, it still has a lot of value. Probably the best way to earn Bitcoin is by simply accept BTC as payment for the goods or services you are offering on your platform.
You not only get Bitcoins, but you also avoid having to deal with any banks or financial institutions for transaction processing. If you already are a merchant and have an online business, then you should consider adding Bitcoin to your list of accepted currencies. More and more e-commerce companies are starting to support Bitcoin as payment for the goods and services they are selling on their platform.
Get into Crypto Derivatives
Crypto derivatives are the newest developments in investments for Bitcoin. The most basic way you can invest in Bitcoin is to buy the coin at a lower price and wait for it to increase enough so you can sell it to make a substantial profit.
But another way of investing in Bitcoin is by trading it via CFD, or contract for difference. A CFD is a derivative that is based on the price of an underlying asset, but the contracts do not involve actually buying or owning the asset.
The traders open positions that mimic the movement of an asset’s price with a CFD broker. CFDs come with high leverage rates, meaning that while you will have multiplied gains if your contracts turn out right, you will also have multiplied losses if the price of Bitcoin goes in the opposite direction.
Play Games to Earn Bitcoin
Probably the simplest and fastest way to earn Bitcoins online is by playing games that reward you with Bitcoin. The rewards are really small, just like those given out by faucets and also make a profit through advertising. But if you are already into playing games in your free time, why not do the same activity for a few Satoshis?
This has been our guide on how to make Bitcoins fast. There is no best way to earn Bitcoins that can apply to everyone, so you will have to look for the best option for you.
Featured image: crypto-news-flash.com
Note: This post was originally published on 24 November 2018 and has been totally updated for the completeness and veracity of the content on 10 December 2019.