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Top 10 ways to start earning Bitcoin

By Guardian Nigeria
18 July 2022   |   1:51 am
Bitcoin is the most trending topic that is spoken about everywhere across the globe these days. However, people have questions about how to earn them, and mole wonder if it is possible to make this digital asset without buying it. If you want to start earning Bitcoin you can visit Crypto Genius and start your…

Bitcoin is the most trending topic that is spoken about everywhere across the globe these days. However, people have questions about how to earn them, and mole wonder if it is possible to make this digital asset without buying it. If you want to start earning Bitcoin you can visit Crypto Genius and start your Bitcoin journey. Here are the top ten ways one can start earning this digital money. 

Bitcoin Mining
If you are tech-savvy, you must surely try out Bitcoin mining because it is one of the ways you can earn this digital asset easily. Bitcoin mining is a bit complicated, but it is not impossible either. Miners use powerful computing machines to solve challenging mathematical equations that validate blocks of transactions. The virtual asset works within a protocol and gets on to the market when users crack it with valid keys. 

Airdrop
Earning this digital asset through Airdrop is not a risky task. However, the providers are in a tough spot between life and death. Most Bitcoin trading platforms often engage in Airdrops to advertise this digital asset. They will pick up these virtual money investors with a certain amount of existing investment. So, if you qualify, the platform sends Airdrops directly to your wallet. 

Bitcoin Faucets
Faucets are platforms or sites where visitors get the reward in free Bitcoins if they complete specific tasks. Such tasks include simple captcha typing, playing online games, watching ads, and taking surveys. After completion, one will be rewarded in with virtual currency. 

Referral Bonuses
Some Bitcoin exchanges offer sign-up or referral bonuses for using their services. For instance, a previous Coinbase sign-up offered US$5 to new users to invest in this virtual currency, and the exchange currently provides a US$10 bonus to you and your referral when they make an account and trade.

Bitcoin Staking
Staking your digital money can help you earn a continual income. And this can be especially advantageous if you are a long-term buy-and-hold investor looking to stack up some coins. The rewards vary, but those with more speculative digital coins tend to be higher. 

Bitcoin uses a proof of stake protocol to validate and manage its decentralized system. That gives those that own this digital currency a chance to participate as validators and earn income through staking their coins. 

Bitcoin Lending
You can take your Bitcoin game to the next level, lend money to borrowers, and then earn interest on the transaction. In simpler terms, it is called decentralized finance, and you can use the power of digital currency and decentralized apps to make money through peer-to-peer lending. Regardless of your lending platform, you will want to be careful that the potential borrower can repay the money you lent. Additionally, it may be sensible to fund many smaller loans or fund them in connection with other lenders, reducing the risk. 

Cash Backs
 Many online sellers are coming with a lot of discounts and cash backs when using the portal to shop online to promote this electronic money.

Credit Cards
A Bitcoin credit card works like other reward credit cards but instead of earning cash back or points for every swipe, you will be getting this digital currency.

Bitcoin Games
Various games allow one to receive Bitcoin for free such as Rolleercoin, which is simple and exciting to pass the levels of these games. 

Bitcoin Dividends
Earning Bitcoin dividends is one of the easy ways to make more digital currencies. You need to buy some electronic money and hold them for a while. In exchange, developers pay you for keeping their virtual money. 

Conclusion
There are many ways to earn Bitcoins or make genuine money with cryptocurrencies. Nevertheless, each technique has pros and cons that you should consider when deciding how you want to earn your Bitcoins.