How to earn Bitcoin? 5 ways to do that | Freewallet

Bitcoin is the most popular digital currency in the world today. There are almost as many ways to earn bitcoin as there are ways to earn any other kind of money.

Bitcoin mining

Bitcoin mining is the process thanks to which new bitcoins are generated. When you mine, your computer adds new bitcoin transactions to the blockchain, a public ledger where all bitcoin transactions are stored, and searches for new blocks. A strong is a file with the most recent Bitcoin transactions recorded in it. When your computer discovers a new block, you receive a certain amount of bitcoins.

Since bitcoin mining developed to require advanced hardware and therefore became an expensive process, most individual miners join a mining pool. One of the mining pools you can connect to is MinerGate, for example. By providing computing power to this kind of pool you can earn bitcoins and other crypto-currencies from mining without building your own big mining farm.

Gambling

If you are searching for a simple way to earn bitcoins online, you may try gambling. However, while it might seem to you as easy money, gaming comes with a number of risks that need to be taken into account. In the following article, we have outlined for you some websites worth checking out when trying your luck with Bitcoin Gambling. We don’t guarantee that you win, which is why we strongly recommend you to play only if you have some initial capital to spend. On the other hand, who knows, maybe you will get lucky and multiply your crypto.

Cryptocurrency trading

The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy a crypto asset in one place for a certain price and sell it immediately at another place for a higher price.

Bitcoin Faucets

If you are just looking for a quick and easy way to get a small amount of bitcoin, then might be exactly what you are looking for. A faucet is just a website that gives free coins to every visitor. For example, Milli gives up to 1000 Satoshis (0.00001BTC) every five minutes. But even if you managed to hit the 1000 prize every time for a full 24 hours, your still be making only 0.00288BTC. So you’d get around $1.31 for 24 hours of work.

Work for Bitcoin

Perhaps the easiest way to earn bitcoins is to work online or in real life for bitcoins. Because of the huge size of the Bitcoin ecosystem, many opportunities and jobs like this are available. With billions of dollars invested in Bitcoin, there is a real market now where you can find various job offers for freelancers, software developers, writers, etc. with the possibility of being paid in bitcoins.