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How to Make Money With Bitcoins

There has been alot of ways to earn money online. Making money with bitcoins and digital currencies is currently hot in 2016. Im going to provide a few stratigies to make increase your wealth and make a few bucks.

Buy and Hold for the Long term

Making money with bitcoins doesnt have to be complicated my first stratgy is to buy bitcoins at the lowest price i can get them. If you want to invest alot into bitcoins then set a dollar amount each month to spend on bitcoins and slowly each month add to your holdings. The dollar cost average over a long period will ease out any volitiiy. Although this is a simple method …buying and holding for years on end is tricky. If you want to use this method i would hold it for 20 years or more . but it will require a serious amount of patience. Its hard to predict the price in 20 years but i think it would definitely be above $3000 per bitcoin .Coinbase has a Bitcoin Vault that could be use for long term storage , however i personally recommend you look after your own bitcoins and private keys.  Sign up with Coinbase and you recieve $10 worth of bitcoins.

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SendIX

 

Make Money Trading with LocalBitcoins

Trading your way to making more money is abit more tricky and abit more effort, but sometimes you have to make effort to make money. Local Bitcoins is probably the fastest and easiest way to buy and sell bitcoins. Localbitcoins is a peer to peer bitcoin exchange. Whatever country you might live in there will be someone on local bitcoins willing to do a trade with you

 

localbitcoins-find-offers

 

Trade Bitcoin like the Pros with Etoro

If you want to trade bitcoins like the pros you will need to use more professional tools. If you want to make decent money trading bitcoins you will need an edge over the market. Most professional traders will use a combination of technical and fundamental analysis to get the winining trades.

If you want technical indicators and prices charts then Etoro is the place to be. eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom. eToro allows its users to watch the financial trading activity of ther users, copy them, and to make their own trades.

One great aspect about Etoro is that its Social. You have all the best traders in one place so if you need any trading advice Etoro openbook is the place to hang out and talk with other Bitcoin traders.

If you arent a professional trader that is ok . Etoro has an excellent Copytrader function . What this means is that you can search openbook for the best bitcoin trader and copy all the wining trades that the trader does. All of this done on automatically on the etoro platform. If used right the Copytrade can turn a novoice trader into a profitable bitcoin trader.
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How to Buy Bitcoins?

Since the creation of Bitcoins in 2009, buying bitcoins have become easier and more mainstream. There are increasing number of online shops that accept Bitcoins. So having an Bitcoin wallet with a small stash of bitcoins is usual to have. Bitcoins are after all, its designed for the internet age and the digital economy.

The first place to start is to get yourself a bitcoin wallet. Now there are gazillion online and desktop wallets to choose from …it can get abit confusing to know which one to use and what is safe. The Bitcoin wallets i would recommend and actually use are given below.

Coinbase Wallet

Coinbase is the perfect place to start if your new to cryptocurrencies and bitcoin in general. They take out all the hassle of securing your private keys and make using bitcoins as easy as possible. However for advanced users coinbase is not ideal because most advanced users like myself .. we like to keep hold of our private keys as it gives us more control over our bitcoins. Hosted Bitcoin wallets like coinbase are totally safe. Not only do coinbase provide wallet apps but you can also link your bank account to your coinbase account and buy bitcoins directly .

Also Coinbase has a refer a friend scheme which can earn you $10 worth of bitcoins for refering your friends and family. Buy Bitcoins At Coinbase and get $10 FREE Bitcoins 😉

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JaXx Wallet

JaXx is currently my favourite bitcoin wallet. It also supports Etherum and DaO Tokens. I believe the developers are integrating other wallets such as Ripple, which would make the perfect wallet for me as i hold all of these digital currencies.

What i love about this particular wallet is that it is supported on numerous devices. i have listed all the devices below

 

The other important feature is that JaXx provides private keys which i think is essential if you truely want to OWN your bitcoins. Its actually one of the easiest wallets i have used and considering its supported on literallly every device its probably the wallet i would recommend 😉

jaxx-coinbase

LocalBitcoins

local bitcoins is probably the fastest and easiest way to buy and sell bitcoins. Localbitcoins is a peer to peer bitcoin exchange. Whatever country you might live in there will be someone on local bitcoins willing to do a trade with you. All of the traders have ebay style ratings so as long as you pick a well established trader you shouldnt fall victim to any scams. Local bitoins isnt a bitcoin wallet service provider but it does provide its users witha bitcoin adress , however you do not have control of your private keys with localbitcoins which is fine in most cases.

One thing i like about localbitcoins is that it has an affiliate program, so if you have any internet marketing skills you can earn yourself a few bitcoins by promoting their website.

Commission example

You get two users, buyer and seller of the bitcoins registered on LocalBitcoins.com, and they do one trade valued 100 BTC. You earn 20% commission on the LocalBitcoins.com trading fees from both participants, in total 40% of the LocalBitcoins.com fee. Your earned sum is 0.4 BTC.

Only finalized sales that go though our transaction process matter. Payouts are done daily.

BUY WITH LOCALBITCOINS

localbitcoins-find-offers