How To Make Money Through Bitcoin for Dummies

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Heres a list of exceptionally lucrative Bitcoin affiliate applications which we've already subject tested ourselves.

A very obvious method of trying to increase your crypto wealth is to gamble on it using one of the many Bitcoin casinos out there. Obviously theres not much to elaborate on this technique but if you do choose to risk your money and try your fortune, please be certain that the casino youre using is provably fair. .

A trustworthy Bitcoin casino will probably know that their house edge is enough to earn a profit and for that reason will want to prove for their players that they are not manipulating any outcomes. They do so via a mathematical algorithm involving cryptography.

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Bottom line, a provably fair casino will show you how to check the results of the game you play are completely random. You can find a list of provably fair Bitcoin casinos on our site.

If youre into crypto and have a knack for words you may want to consider becoming a crypto journalist or post author. Since the crypto industry evolves, more and more news and information sites are popping up. In many instances these websites are in dire need for authors since they're publishing dozens of posts weekly. .

Since good authors are tough to find, if you can compose excellent work you might have the ability to earn a nice revenue stream by writing about Bitcoin and cryptocurrencies in the comfort of your own house.

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The best ways to find work as a writer is to look for the tasks section in your favorite crypto publications. You can also email certain sites youd like to write for, or you can create a writer profile on Upwork an international freelance marketplace.

I can guarantee you there is a desperate need for good authors. Its best if you have some sample articles on hand before applying for a writing job as many publications would request previous work before hiring one.

If youre not great with words maybe theres a different service you can offer. The BitcoinTalk services ribbon offers a wide array of services you can supply in exchange for Bitcoin. A few of these include developing a site, marketing an find more info online product or even becoming an Escrow agent for Bitcoin transactions. .

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Many people that begin with Bitcoin are instantly drawn to the concept of Bitcoin mining. I mean, creating magical Internet money from your home computer What might be better

The fact is that now Bitcoin mining has become more of a profession than a hobby. It needs extremely expensive mining equipment, high energy costs, hardware configuration knowledge and physical space to actually save your miners.

Mining altcoins (e.g. Ethereum mining) is cheaper than what youd need in order to mine Bitcoin. However, this only means that the hardware will cost less. The other hassles of power expenses, configurations, maintenance and so on are essentially the same.

Sometimes youll encounter a web site or mobile app that tells you they'll mine coins for you. Most of these providers are basically useless and will usually consume your apparatus computing power and battery just to offer you a couple of cents in return.

Another option is cloud mining paying someone else to handle the mining article source equipment for you. While this sounds ideal, the majority of the cloud mining websites today are just pretending to use your money for mining operations, they're in scams.

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Furthermore, while there are a couple of legit sites out there, the money youd pay them to mine Bitcoin is probably better invested just buying Bitcoin. Of course we always urge you to do your own market study since in the end, its your money.

A very popular method of growing your Bitcoin wealth is via Bitcoin lending systems. These sites connect borrowers that need crypto with crypto owners that lend their coins to get an interest fee. As these loans are ultra insecure the interest rates are high that initially looks like a good thing. .

Well, since there is no actual collateral that retains the borrower liable for your loan more often than not these loans default and lenders are left without their money.

Weve tested out many loans here at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from this specific method.

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Another method I suggest you avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites which claim to double your coins every couple of days or provide you unreal interest prices.

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