Bitcoin is full of opportunities!
And best of all, those opportunities are at everyone’s reach, if you only know where to look at and how to get started. We are aware that in the crypto sphere there are many schemes that claim to make money fast, but they usually look too good to be true — and they are!
In this article, we will break down 2 good and legit ways to benefit from Bitcoin in the comfort of your home or wherever you are.
Disclaimer: The content of this article does not constitute financial advice.
1. Earning Affiliate Commissions
One popular way of making extra money online is participating in Affiliate programmes, where one can earn payouts by bringing in new customers to a certain service.
LocalBitcoins has its own Affiliate programme that, in a nutshell, allows you to earn Bitcoin every time a person you invited to LocalBitcoins signs up and completes a trade.
To join the programme, you must first create an account. All LocalBitcoins users are eligible to participate in the Affiliate programme. Once you review the rules and details of the programme, you can start sharing the links with your own affiliate extension on your social media, website, blogs, etc to invite people to join LocalBitcoins.
Every time a person who signed up to LocalBitcoins using your link completes a trade, you receive a percentage of the LocalBitcoins trade fee. The commissions in Bitcoin are paid daily, directly into your LocalBitcoins wallet.
2. Bitcoin trading
Peer-to-peer marketplaces offer a differential to Bitcoin Trading, as the Bitcoin price can vary widely between regions and even from one payment method to another. All this variation can be very useful to traders who are familiar with different market dynamics and can complete international transactions.
However, Bitcoin is also well known for its price volatility, i.e. price variation. As a reference, the Bitcoin market price has gone from 7300 USD/BTC to nearly 10000 USD/BTC, hitting a 5100 USD/BTC low and going back to 9000+USD/BTC from January to early June of 2020 only.
Bitcoin trading is risky due to high price volatility and it demands time, effort, and research. Skills like understanding economics and being able to follow and interpret price charts and market trends are very important when getting started in Bitcoin trading.
When you are new to Bitcoin, it is essential to take some time to learn more about how it works and educate yourself about cybersecurity, to make sure that you make well-informed decisions and improve your chances of making the most out of them while staying safe.
If you are interested in learning more, LocalBitcoins gives you what you need to get started in the Bitcoin world. As soon as you create your account, you are ready to buy your first bitcoins. In LocalBitcoins, you can also have access to a free Bitcoin wallet, to send and receive transactions from other Bitcoin wallets. You are also able to sell bitcoins by replying to buy ads from other users or creating your own sell offers. All trades in LocalBitcoins are fully protected by escrow and you will send and receive payment straight from or to your bank/PayPal/etc account.
Remember to keep an eye on our next posts to learn about other ways to benefit from Bitcoin!
LocalBitcoins.com is a person-to-person bitcoin trading site.
At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. By replying to these advertisements, a trade is opened and escrow protection is automatically activated. Escrow protects both buyer and seller, by keeping the bitcoins safe until the payment is done and the seller releases bitcoins to the buyer. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.
