Knowledge for the World

How to get bitcoins without buying them

Imagine if someone asked you, how do you buy your money? For most of us, this question doesn’t make sense. We don’t buy money, we earn it.

The total value of all bitcoins is now approaching $20 Billion, with the price of $1116 per Bitcoin on March 21 (according to CEX.io exchange), perhaps more by the time you are reading this. Its level of trust and acceptance is growing, and it is moving closer to becoming an everyday global currency. This has inspired many people to start thinking in terms of earning bitcoins rather than buying them.

Also, because bitcoin allows fast, cheap micro-payments, there are some very fun and interesting ways of earning bitcoins popping up all over the internet.

Here are the top 7 ways you can start earning bitcoins on a regular basis.

1

Yes, there are people in the world who get paid their entire salary in bitcoin. While I wouldn’t be ready to take this step just yet, if you want to transfer most of your paycheck to bitcoin anyway, then why not?

Bitcoin startups often offer to pay you in cryptocurrency, and there are even websites dedicated to jobs that pay in bitcoin. Check out coinality.com for both fulltime and freelance opportunities. There are also a few freelance platforms such as xbtfreelancer.com and bitgigs.com that have some opportunities to earn some extra bitcoins on the side.

2

One of the oldest ways to earn money online is with affiliate marketing. Bitcoin just makes it easier and faster. There are some great companies and products you can promote to earn commissions on sales.

Affiliate marketing is often marketed by people selling courses as an easy way to get rich and work from home. Actually, it’s the same as any other business, requiring hard work, time, and skill to make money. If you are willing to put in the effort, the rewards are real.

CEX.IO is one of the largest bitcoin exchanges and has an affiliate program that gives you 30% of all exchange fees from your referred users. If you refer just a few people that do regular trading, you could earn some pretty good cash indefinitely.

For more affiliate marketing options, check out this huge list of bitcoin affiliate programs from bitcoin wiki.

3

Donations are popular within the bitcoin community. That’s not surprising considering bitcoin is open source, and is surrounded by a generous culture. You might have seen some charities or blog posts where the author displays a QR code and asks for a donation.

Many of these individuals / organizations rely on donations to keep their services running, and bitcoin is a great way to get support. If you have a worthy cause or service, just ask, people can be surprisingly generous. You can also get a free bitcoin donation button.

4

The next step up from donations is getting paid a fixed amount for your work. Sites such as bittit.info allow you to receive bitcoins for photos and videos.

If you want to make more of a commitment, you can set up your own website. Here you could exchange your bitcoins on your own terms, and the potential for profit is huge.

5

I think the coolest way to earn bitcoins is by mining them. It was an ingenious idea that Satoshi Nakamoto had for distributing bitcoins around the world, and you can participate.

Right now there are many specialist bitcoin mining companies making huge profits. Unfortunately, if you don’t have access to fast computer hardware and dirt cheap electricity, you won’t be able to compete. So as it was more easy to mine before, right now you need to invest more. This doesn’t mean you shouldn’t do it, though. Bitcoin mining is a great way to get involved in the culture of bitcoin, and get a feel for how the currencies of the future will work.

If profits are all you care about, cloud mining can be a way to make money mining bitcoin, but it is less fun. You will basically be buying shares in a company that buys the hardware and runs the mining operation for you. This could be a good idea if you don’t have the tools or technological skills to do it yourself.

Also, if you are one of the many people that believe that the price of bitcoin will explode one day, then mining those coins now and keeping them might turn out to be a lucrative investment after all.

6

Bitcoin is a great payment platform for making small international payments with low fees (at least for the time being). This allowed people to come up with some interesting ways of giving away bitcoins for free.

You can try

* Bitcoin Faucets

* Websites that give you bitcoins in exchange for completing tasks

* Games that pay out small amounts of bitcoins

Some of these are set up by bitcoin enthusiasts to introduce new people to the idea. Others actually make profit by displaying ads. You won’t get rich, but it can be a fun way to get started with cryptocurrencies!

7

Rather than selling your things for cash, why not sell them for bitcoin? Bitify.com is an auction style marketplace for selling your stuff in exchange for bitcoin.

If you want to take it to the next level and set up a business to sell products, you can set up a Shopify store. Maybe you have a digital product that would be impractical to sell with traditional payment methods. Shopify has an easy option to get paid in bitcoin for the products you ship.

8

Bitcoins can be sent quickly, easily, and in small amounts with small fees. These awesome features have already led to new ways of earning payments that weren’t possible in the past, and more are sure to come.

Maybe it’s time to make collecting bitcoin a habit rather than an occasional investment. If the bitcoin price rises like it has done in the past, you’ll be happy you got started earning bitcoins early!