Easiest Way To Make Money With Crypto

The world of cryptocurrencies and blockchains is huge. More than 1000 different digital currencies have been around since the inception of Bitcoin in 2009. Since then, Ethereum’s team has also caused quite a stir with its Blockchain solution. As our recent contributions have shown, these innovations open up a variety of new ways to earn a lot of money with them. You now know how to make a lot of money online with cryptocurrencies, and smart contracts and ICOs are no stranger to you. In this article, we’ll talk about more ways to make a lot of money with crypto.

Read on and discover many great ways to earn income from cryptocurrency.

1: Trade Bitcoins Directly
The first way to earn money with Bitcoin is to buy the cryptocurrency or to trade bitcoins . This is possible via so-called crypto exchanges (comparison of the crypto exchanges) , over which you naturally also the leading digital currency, the Bitcoin, can buy and sell. The return on bitcoin trading is that the price of the planned sale is higher than the purchase price.

2: Trade bitcoins via CFDs
Another way you can also make money with Bitcoins is to trade cryptocurrency through Contracts For Difference (CFDs) . In that case, you do not directly buy coins, but use the differential contracts to speculate on rising bitcoin prices. This option is currently very popular with many traders, because CFDs are leveraged so only a small fraction of the traded value needs to be raised by the trader.

3: Binary options on the Bitcoin
The third option, which is also suitable for making money from Bitcoin, is binary options trading. Some binary options brokers are already providing cryptocurrencies as underlying assets, especially Bitcoin. When trading binary options, however, you should keep in mind that these always have a limited maturity and you usually have to decide whether the price of the Bitcoin at the time of expiration is higher or lower than the price at the time of purchase.

4: Bitcoin mining in the form of solo mining
The third way you can earn on Bitcoin is a bit different. This is not about buying the leading crypto currency or speculating on its rising price, but instead mining involves producing your own bitcoins. In the so-called solo mining you are doing it on your own, therefore, have to consider all the requirements for the mining of coins. This includes, for example, that you have a powerful computer with the appropriate hardware, a software for mining is needed and, moreover, you should not forget that for the mining high electricity costs are to be taken into account.

5: Cloud mining as an alternative to solo mining
Another way to earn money with Bitcoins is called cloud mining . This has become a real trend over the last 24 months as it gives virtually anyone the opportunity to participate in Bitcoin Mining. In this case, you do not have to use hardware and software yourself and there are no electricity costs. Instead, you transfer a chosen investment amount to the cloud mining provider and are regularly rewarded proportionally with paid bitcoins.

Cryptocurrencies are clever investment products with potential. Once you understand how the cryptocurrency is built, what a blockchain is, where you can safely shop and trade your bitcoins and who offers you a wallet, there’s nothing in the way of earning money with Bitcoin.