The popularity of cryptocurrencies such as Bitcoin is growing year by year. Interest in this digital currency continues to rise, and more and more people want to get started.
Many newbies know that there are many ways to get started with Bitcoin, but they can also be daunting at times. To help you, we’ve compiled some of the most popular ways to get started with Bitcoin. Let’s get straight to the point, here’s our pick of the best methods for you:
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1. Buy Bitcoin
Buying Bitcoin is great for beginners, the way is simple and straightforward. You can buy bitcoin in two ways,
With a peer-to-peer bitcoin marketplace like Paxful, you can buy your first bitcoin from a real person, with over 450 payment methods to choose from at no additional cost. You can get bitcoins using bank transfers, e-wallets, gift cards, and more.
In addition, you can also buy Bitcoin from centralized exchanges (CEX). The process of purchasing through CEX is relatively simple, but you will also incur additional fees.
2. Take advantage of rewards programs
Bitcoin exchanges and marketplaces such as Paxful often have reward programs where you can earn Bitcoin simply by introducing users to the platform.
Please note that rewards program settings vary from platform to platform, be sure to do your research on each company, this can help you understand the big picture and determine which program will earn you the most.
If you want to get the most out of Paxful, you can earn Bitcoin by joining Paxful Bitcoin Affiliate Program and Partner Call.
3. Accept bitcoin payments in your store
If you are a business owner who sells products or services and would like to get started with Bitcoin, you can accept Bitcoin as a payment method for your store. In the past few years, the adoption rate of Bitcoin has grown rapidly, and many business owners have begun to accept Bitcoin payments, and the scale is increasing day by day.
The best part is that it’s not hard to integrate Bitcoin into your business – you can even get started with your own Paxful wallet and make the most of every transaction through the Lightning network. If you run a brick-and-mortar store, simply post the QR code of your bitcoin wallet in the store and wait for a response from customers with bitcoin. If your business operates primarily online, you can integrate a medium like Paxful Pay into your website.
Not only does accepting bitcoin payments make transactions easier, but it also expands your customer base and makes it easy for those who don’t have access to bank accounts and credit/debit cards.
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4. Bitcoin Faucet
Bitcoin faucets are programs that provide small Bitcoin rewards (usually in satoshis) for users to complete small tasks, including watching advertisements, answering surveys, playing small games, and similar tasks.
These programs don’t usually give out large amounts of bitcoin, but if you complete enough tasks, you can earn a decent amount of bitcoin.
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5. Tiny Jobs and Pay-Per-Click Sites
Like Bitcoin faucets, many sites pay a small fraction of Bitcoin (measured in satoshis) for small tasks like clicking on a link, watching an ad, etc. Many sites like Coinpayu, adBTC, Bitcoinget, and Coin Tasker have thousands of tasks for you to pick from and pay in small bitcoins.
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6. Earn tips
Have knowledge you want to share with everyone and earn some income from it? Twitter recently integrated a tipping tool into the platform that lets you earn bitcoin from your followers. This means that you need to enhance the quality of your tweets, gain more followers, and potentially get more tips.
Also, if you like live video games, you can also earn bitcoins from viewers who like your content. Streaming platforms like Twitch even have fully integrated Bitcoin tipping services to help you out.
7. Accept jobs paid in Bitcoin
As mentioned earlier, Bitcoin adoption has continued to grow over the past few years, opening the door to many earning opportunities — including full-time jobs that pay full and partial wages in Bitcoin.
In addition to full-time jobs, there are some freelance jobs that allow you to earn Bitcoin. If you want to pursue these types of jobs, you can check out sites like laborX and CryptoJobs to find jobs that suit your skills.
8. Write articles about Bitcoin and cryptocurrency
If you have a solid understanding of how Bitcoin and cryptocurrencies work, don’t forget that some people are more than willing to pay for their knowledge of Bitcoin. Since the field is relatively new, there are only a handful of writers and enthusiasts who really understand how cryptocurrencies work and, more importantly, have the necessary skills to teach beginners.
First, you can check out sites like Cryptocurrency News and become a contributing author. If you prefer the path of freelancing, platforms like Upwork and Freelancer have you covered.
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9. Bitcoin Mining
Originally, Bitcoin mining was the only way to obtain Bitcoins in the early days by using a powerful computer to solve complex mathematical problems to verify Bitcoin blockchain transactions. In return for confirming transactions, miners are rewarded with newly minted bitcoins. Basically, mining is a race to see who can validate transactions first.
Back in the early days of Bitcoin, there were not many miners. Now, due to the popularity of Bitcoin, mining will face a lot of competition. To stay competitive, you need state-of-the-art equipment and run extremely efficient operations. You can join mining pools or cloud mining and give yourself a fighting chance, but know that there is still a lot of work to be done if you plan to earn bitcoins from mining – so be sure to do your research before you start.
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10. Capture website and system vulnerabilities
Love coding and look forward to a challenge? You can check out the various bug bounty programs offered by Bitcoin exchanges and markets to earn yourself a handsome bonus. By discovering system vulnerabilities and notifying developers, you can do your part to keep the exchange or market safe, while earning rewards for doing so.
If you’re looking to get your hands on Bitcoin by finding bugs, you can check out Paxful’s bug bounty program to help us further improve the platform.
11. Join the Bitcointalk forum
Directly founded by Satoshi Nakamoto, Bitcointalk is the longest running Bitcoin forum. It has millions of users, if you are interested in learning more about Bitcoin, be sure to join.
You can also earn bitcoins from forums by consistently posting quality content. Once you have sufficient permissions, every post you publish will have a sponsored signature. Then you get paid for everything you post on the forum – remember, it takes a lot of hard work and effort to do this.
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Getting into Bitcoin is not difficult
The above examples are just 11 ways to earn Bitcoin. The field continues to grow every day, and more opportunities like this appear every day. And all you need to do is look hard, and one day, your hard work will pay off handsomely.
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Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...