How to earn money on Bitcoin exchange?
The answer to this question may seems simple - buy Bitcoins and sell them with a profit. However, there are some useful tips on how to start earning.
How to become an owner of a digital currency?
The easiest way is to buy it on the exchange. Keep up with news about current economic and political events, follow blogs and Facebook groups about Bitcoin, like our fanpage or news, to find the right moment to buy the coins at the best rate for you.
Another way is to execute a transaction in Bitcoins. It can be a sale of the goods or services offered by us, for which we will accept the charge in digital coins.
Our exchange also offers commission from the affiliate program. For every sale or purchase made by an user registered by your referral link, you will receive 20% of the commission in the currency in which the transaction was executed. Read more here.
Until recently, it was possible to lend your own computer to share computational power. Unfortunately at this point, you have to have really good knowledge of how to do it, and a regular computer is not enough. This is commonly called "mining", and the equipment is used for lending computational power and helps solve complex cryptographic equations that are responsible, for example, for secure and encrypted transfer.
Buying the mining equipment is an investment of about 15,000 dollars. There are also online solutions for which you can rent such equipment, but we do not recommend that to beginners.
Long-term ownership of Bitcoin
Bitcoins appeared on the market in 2009. Then for 1 dollar you could get between 700 and 1600 coins. In May 2010, Bitcoin made a remarkable deal. For 10,000 coins (worth about $ 30) two pizzas were purchased. In October 2017 the value of this digital currency reached 6 000 dollars.
It is worth to follow Bitcoin's upward or downward trend to be able to consciously decide whether to sell or keep our coins.
Speculation at the exchange
This is probably the quickest and easiest way to make money using digital currency. Just like the regular exchange, Bitcoin trading requires low cost purchases and sales during the price increase. To start trading, you have to set up an exchange account and then deposit yours funds into it. Check how to do it here. Once you have set up your account, you can monitor the trading market in your panel. It is worth remembering that in the case of digital currencies, all transactions are explicit and anonymous.
We do not have to limit our Bitcoins sell to fiat currency (EUR, USD, PLN). We can also monitor the behavior of other digital currencies (such as ETH, LSK, or BCC) and earn on their course changes.
Read also -> How to invest in Bitcoin effectively?