Hey there Sea Changers and welcome to another post where we investigate ways and means of making money on the internet with my 7 ways to earn bitcoin online this year. In short, Bitcoin is a great way to make money on the internet especially if you're a gamer, a small business owner or simply looking for additional ways on how to make passive income from home.
Of course, if you have had anything to do with Bitcoin and other cryptocurrencies over the last few years, you will definitely understand that this is a financial area not without its risks as well.
- Freelancing
- Affiliate marketing
- Bitcoin Trading
- Create an online store
- Bitcoin mining
- Bitcoin Gaming
- Save money using Bitcoin
7 Ways to earn Bitcoin online
Ok, let's run through some methods you can use to earn yourself some Bitcoin (or other cryptocurrencies if you prefer) below…
1. Freelancing
Freelancing is one of the most popular ways to make money online with millions making money from undertaking such tasks as blog post writing, data entry, social media marketing, editing, language translation and so much more.
And one thing that many don't know is that in many cases, freelancers can be paid in the currency of their choosing – including Bitcoin.
There are many services available on the web where people post jobs and freelancers bid for them with some great job websites such as Freelancer or Upwork where employers can find skilled workers at relatively low rates. Others that specialise in jobs for Bitcoin payments include Cryptogrind, earn.com and CryptoJobs.
So if you have any type of skill which is in demand by clients from all around the world then there's a big chance that you can make good Bitcoin from your home.
2. Affiliate marketing
Affiliate marketing programs are setup directly by companies that allow you to join and then refer traffic to them via customised affiliate links. In short, this means that you will write about Bitcoin, Cryptocurrency, finance, investing or anything else relevant to the subject then refer your readers to a link where they will purchase directly from the vendors. The vendors then pay you a commission for the sale.
When it comes to Cryptocurrency affiliate programs, most are related to the trading sites such as Binance or Coinbase and the process undertaken is quite simple:
- Visit a website which offers an affiliate program.
- Sign up – You will usually need to apply.
- Once accepted, load you affiliate links onto your website or social media.
- You then earn commissions for every sale that you generate, which in this industry are usually paid in Bitcoin.
The important thing here is that there are no upfront fees and you get paid instantly after every successful referral. However, some programs only allow certain users to participate due to their geographical location or only unless they have working websites or good social media following.
That's right! Wealthy Affiliate provided me with all of the tools and training I needed to get this post in front of my audience - a.k.a YOU!
You too can start your very own online business here that can make you money from anywhere in the world!!
3. Bitcoin Trading
Unlike to the first two above, this third option will require a little starting capital however if you take the time to do some training, then trading in Bitcoin and other cryptocurrencies can be a way to earn more. Some people find it difficult and confusing to buy and sell bitcoins on exchanges such as Coinbase, Kraken or BTC-e etc. but if you learn how these exchanges work – and where the best opportunities lie – then you can indeed turn a profit.
As mentioned above, cryptocurrencies are extremely volatile where thousands can be made, and lost literally overnight. I only recommend this option if you have undertaken some above board training and have a good understanding of the pitfalls of online trading.
Note: The information above is provided on a factual basis only and due diligence should be undertaken in regards to your jurisdictional legalities prior to undertaking any investment. It is also not provided with any financial advice in regards to the trading of cryptocurrencies.
4. Create an online store
If you have physical products to sell and want to make money with bitcoin then creating your own online store could be another good option for you. All you have to do is visit a marketplace site that operates with Bitcoin (such as OpenBazzar), create a seller account and upload all the products you wish to sell there .
Once this is done, other users can browse through your digital storefront where they'll be able to purchase your products using Bitcoins. This is an option that is becoming more and more popular in recent times as Bitcoin holders generally more than happy to spend their money on real world goods and services as it is usually cheaper and avoids the use of traditional banking systems.
5. Bitcoin mining
Bitcoin mining is where it all started and still one of the easiest and most lucrative ways to earn bitcoins online. It can be a little complicated to understand but in simple terms, when you are mining, the software and hardware on your computer come together to solve an encrypted mathematical equation. Once completed, you are awarded bitcoins which can then be sold or traded on exchanges like Coinbase.
Currently there are many websites which offer this service (such as MinerGate) that are convenient and easy-to-use. Furthermore, all you need is a regular PC or Mac in order to mine cryptocurrency as they will give you hosting options where you can remotely control the software running on their machines via your browser.
It should be noted however that these programs will put a lot of pressure on your hardware processing capabilities and take a good amount of time to earn.
That's right! Wealthy Affiliate provided me with all of the tools and training I needed to get this post in front of my audience - a.k.a YOU!
You too can start your very own online business here that can make you money from anywhere in the world!!
6. Bitcoin Gaming
Another great way to use bitcoin for online transactions is by making bets and playing games. There are countless websites which offer this type of service and most of them do not require any registration because they can easily identify who you are based on your public address alone. For instance, Dice sites like SatoshiDice or Just-Dice allow players to wager their bitcoin winnings in a game of pure chance .
Another option here that has really started to take off is NFT games. These generate income via the collection of Non-Fungible Tokens (NFTs) where players can essentially buy and sell in game ‘assets' in marketplaces either inside or outside of the platform. These assets can gain value in time and are usually bought and sold via Bitcoin.
7. Save money using Bitcoin
Now this final option is technically not about making money with Bitcoin, rather more about saving money with it. Here, if you want to save money on every transaction that you make online then you can switch from credit cards or PayPal and start accepting bitcoin payments instead.
This is because most merchant service providers charge at least 2% on each sale and transfer this payment directly into USD instead of crediting these funds back to your digital wallet as Bitcoins. So if you do the math, you can save a quite a bit of cash transacting this manner.
What is Bitcoin?
Bitcoin is a form of digital currency that uses an encrypted system to regulate its creation and circulation. The transactions made with cryptocurrency do not require any intermediaries such as banks or financial institutions rather held in ‘wallets' via online trading sites.
Their origin comes from a process known as “mining” and as a currency, relies on an electronic payment system to function smoothly across borders. The “mining” process helps maintain these balances by crunching numbers so they can become harder over time with more computing power being put towards solving those algorithms that create the currencies.
Legalities and financial implications
As we run through the Bitcoin earning options above, it should be highlighted that the legal status of cryptocurrencies varies substantially from country to country. Some countries have explicitly allowed their use and trade whilst others only tolerate restricted operations. There are also many that ban their trade altogether.
Secondly, cryptocurrencies are extremely volatile – which is why some countries ban them – so there is always the chance that money (actual legal tender type money) can be lost very quickly here. The risk to you is that you may do all of the work to earn them then find out that they lose their value very quickly.
Conclusion
So there you have it! As you can see, making money with Bitcoin is not nearly as difficult as it might seem at first sight. It all comes down to the type of work involved and how much time one wants to put into this venture.
I hope it has been helpful and as usual, please do not hesitate to comment below if you have any questions, need some advice or have any experiences to share.
Do you want further assistance with any of the above or need help to build your own online business?
Are you looking for a comprehensive training platform that can give you step by step training, 24/7 support, tools to develop and host your very own online money making website or channel, ongoing assistance with SEO and social media and access to some of the best affiliate marketing minds on the planet, then click on the following link to read more about Wealthy Affiliate.
Until next time
Have fun
Paul
Note: If you make a purchase from this page, there is a very good chance that I make a commission from it – these commissions do not increase your sale price. This may include sales made via Wealthy Affiliate.
Introducing Wealthy Affiliate, My #1 Recommendation for Setting Up Your Own Online Business
When I started, I knew I wanted to work online, but had absolutely no idea where to begin! You see I had watched friends of mine run a sales party to sell essential oils and someone asked if they could just sell them online?
Then, as I sat on the bus heading into my office job, I started to wonder if I could do just that, sell essential oils online.
Anything to stop having to catch this bus to and from work every day right!
The trouble was, as I mentioned above, I had no idea how to even start.
So of course I started to look around online and found all these courses! They all promised me riches then took my money but left me with no riches!
Then I stumbled across the program that didn’t promise me riches, but told me it could help me get started even with no experience!
So I did that, joined Wealthy Affiliate that was it, and the rest as they say, is history!
But it doesn’t come without work!
That is the key here! I began on their starter membership and did the training! I then joined as a member and did some more training!
Each night after work, I would do a little more, then a little more.
And to cut a long story short, after 10 months I realized I didn’t really like writing about essential oils, so I sold the site for about $2000. But I had learned so much that I started another – about fishing and camping!
Then, after 18 months (by which time it had earned me close to $10k), I was offered $17k for the site, so I sold it too.
Now, through my travel blog, I’ve been able to fund my passion for travel and explore different places around the world.
In the past few months, I’ve been fortunate enough to travel to some amazing destinations, including Bali, Los Angeles, Dallas, Vancouver and Las Vegas.
The success of my travel blog has allowed me to fully fund my travels and explore new destinations with my family.
Try the Wealthy Affiliate as a Starter Member and Build your First Hub!
As you start your journey, Wealthy Affiliate is there for you with the most comprehensive training package I have ever seen – And as I have mentioned, I have used a few in my professional career trust me.
To get you started, Wealthy Affiliate has recently introduced the Hub.
The Hub
The hub is an AI based niche and website creation tool that will get you up and running with the foundation of your OWN business in just a few minutes. This includes:
- Your website – hosted and inclusive of a WordPress editor
- Your brand
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The hub makes the website creation process simple which allows you to get started on the training with a solid base and understanding of the processes.
All you need to do is choose your subject – which is known as your ‘niche’ – and follow the steps on the screen.
Oh, and as you run through the training below you may realize that what you created above is not exactly what you want. That’s ok, you can just create a new hub!
Wealthy Affiliate Training
Then as you continue your journey, the Wealthy Affiliate Hub is there for you with the most comprehensive training package I have ever seen – And I have used a few in my professional career trust me.
Above we discussed the use of the Hub to set up a website. Once you have done this, you will be able to access the “Step-by-Step Core Training”.
This is available to all members including starter members and will give you everything you need to know to continue to create your online business.
Member Training
There are also Live weekly classes taught by REAL industry experts on a range of topics like artificial intelligence (AI), SEO, YouTube, WordPress, PPC marketing and more.
Great, What Else Does Wealthy Affiliate Have To Help You?
So, let’s keep this short, Wealthy Affiliate is a one-stop-shop platform that provides:
- The Hub – this is the starting point and uses AI processes to assist you in determining your niche and creating your brand.
- Complete training programs to assist with the development of your own affiliate marketing website in your own niche.
- Website creation and publishing tools including access to WordPress editors and themes.
- AI Content article design and content creation
- Domain name purchasing (you get a free domain when you upgrade to the Premium membership).
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- Online help and chat forums.
- Weekly live training events.
- 24/7 support.
- Keyword access tools.
- SEO assistance.
The platform has been active for over 15 years with the original developers and owners, Kyle and Carson, still extremely active in its day to day operations – especially as they rollout their AI capabilities.
You Can Try it Yourself For Free
Now of course I can tell you all about how Wealthy Affiliate works (because it does) until I am blue in the face. But every other program out there – including the shams and scams – will tell you the same thing!
So how about you just try it for free yourself. The Wealthy Affiliate Starter membership is free to join and gives you access to everything you need to get started – all without the need to spend a cent!
With the starter membership, you get:
- 1 Limited Business Hub
- 1,500 AI Word Credits
- Try the AI Author Platform (BETA)
- 1 Practice Website
- Jaaxy Starter
- Limited Help & Support
- Core Niche Training (8 Classes)
And of course I will be there to help you every step of the way as well!
Look, in the interest of transparency, whilst Wealthy Affiliate does offer a free starter membership, this is designed to give you a look around, have a practice and see if it is worthwhile for you – which is a really great option.
However, as with all new businesses, you will need to make some investment so if you are serious about making money online , you will need to upgrade to a premium membership as this will give you access to all the tools you need in the one spot to succeed!
Afterall, every business needs tools to grow!
So How Much Does This Really Cost?
Wealthy Affiliate does not use upsells once you join – but as I mentioned in the video, to succeed here you will need to invest in a membership. There are a couple of options that provide access to all the tools, training and assistance that you could need – and a free domain as well.
Wealthy Affiliate offers a trio of membership tiers, as detailed on their pricing page.
You can opt for the Starter membership at no cost, the Premium membership for $49 per month or the Premium Plus+ membership for $99 per month. That’s the full extent of it – and you can absolutely build your website without having to spend another cent.
You won’t encounter any unexpected additional charges or covert fees and as a Premium member, you’re equipped with all the essentials to initiate, develop and expand a thriving online enterprise.
Those who opt for the Premium membership are provided with
- Hosting for their websites
- A complimentary domain name
- Access to hundreds of hours of current expert tutorials
- Various marketing and research tools
- Personal guidance from seasoned professionals in the field
- And much much more
And for those of you who want to make a serious investment into your future, there are some yearly options as well below to give you peace of mind that you have a whole year ahead of you to get stuff done!
And Don’t Forget the Personal Coaching
Once you join, not only do you get plenty of assistance from me, but you also have access to expert coaching, support and mentorship from real industry experts.
I mean, you can have access to all of the top-tier affiliate marketing training in the world, but inevitably, questions arise, particularly during the initial stages.
With an exceptionally dynamic and engaged community that boasts over 2.7 million members, Wealthy Affiliate offers an environment where you, as a member, can fully immerse and leverage this network.
You’re never alone; you have the collective wisdom of an entire community at your fingertips, ready to assist at any moment.
Plus, there’s always-on, rapid-response website support to handle any technical queries you may encounter.
Wealthy Affiliate Works: Real Results From Real People
As I have mentioned a number of times, Wealthy Affiliate has helped me make real money online though its training and tools.
I have made money each month as well as a sale for $17,000.
But again, those promoting other programs will tell you the same thing!
So let’s get away from me and see what others are saying:
To start with, Wealthy Affiliate has a 4.9 out of 5 Star TrustPilot rating, which is a remarkable accomplishment in any industry, let alone the online business industry.
And here are some of those reviews:
And this is what people are saying within Wealthy Affiliate as well:
So, Let’s Make a Decision!
Let’s be frank, you have read this far so why not go all in, click on the button below to get started on the way to your very online business.
And once you are in and have had a play around with the hub, look for the little envelope on the top right and there will be a message from me. It is of course automated so respond to let me know you are there and we can start this journey together.
(oh, and the profile is mine so you can find me that way as well)
See you there
Paul
