Making Money with Bitcoin (Part III)

Become a crypto trader

  • Effort – Medium to high
  • Income – High
  • Risk – High

One of the quickest and riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Essentially, you’re trying to buy Bitcoin when its low priced and sell it at a high price. However, trading Bitcoin effectively is not a matter of luck or guesswork.

Profitable traders spend a huge amount of time learning how to trade and how to conquer the numerous risks involved with trading. Profitable traders understand they may lose money in the short term but they consider it an investment in their education, since they are planning for the long term. If you want to become a trader make sure you have the capital and time to invest in good trading education.

Promote Bitcoin affiliate programs

  • Effort – High
  • Income – Medium to high
  • Risk – Low to medium

One of the most disregarded ways to make money with Bitcoin is by endorsing through affiliate programs. Affiliates are folks who endorse a specific business for free but get a commission if they manage to bring in buying customers. Many Bitcoin services, products, and exchanges, products have an affiliate program in which you can sign up with. You then get your own unique affiliate link in order to market that product or service.

Of course, there are many ways you can market your affiliate link – you can share it on social media, run ad campaigns on several websites or even set up your own website and market your links in the content.

Gambling in Bitcoin casinos

  • Effort – Low
  • Income – Medium to high
  • Risk – Extremely high

A very real way of trying to improve your crypto wealth would be to gamble on it using one of the various Bitcoin casinos out there. Of course, there’s not a lot to say on this technique but if you want to risk your money and try your luck, be sure the casino you’re with is fair.