Profit Using Bitcoin

Cryptocurrency has become mainstream thanks to the many different ways that it can be used to generate a profit. It offers a new alternative to fiat currency and enables people to store their own money without the need for a bank. The banking sector has been ripping off the general public since its inception but now that gravy train is coming to an end thanks to blockchain technology. It is impossible for banks to compete with a decentralized platform and it is inevitable that crypto will become the new currency used worldwide for storage along with financial transactions.

If you want to get your hands on Bitcoin or any other ALTcoins there are many different ways you can profit using crypto. By profiting and holding this new asset class of the future you will help to secure your financial security once the financial system moves from a fiat based model to blockchain technology. In this article, I will talk about the most popular ways of making BTC so that you can make money from this asset class.

#1. Cryptocurrency Trading

Cryptocurrencies present thousands of trading possibility which if you predict correctly and lead to huge profits over a very short space of time. Sites such as bitfinex.com enable users to trade digital assets from all over the world and are the most popular peer to peer trading platform. With new platforms entering the marketplace such as bitfinance.com which enables the user to short up to 100 ALT coins along with up to 1000% leverage, it is an exciting time in the space. If you have an extensive knowledge of cryptos you can make vast profits from day trading.

Cryptocurrency trading is one of the highest risks but it also has the largest returns should you get it right. You will need to find undervalued cryptos and then sell once they rise so you can make a profit. 

#2. Bitcoin Casinos And Blockchain Gambling

If you enjoy gambling and want the chance to win huge BTC jackpots the best way to earn bitcoins is by using crypto casinos and blockchain games sites. These platforms have much better odds for players to win along with the transparent provably fair gaming due to all bets being displayed on a public ledger. You can take advantage of promotions such as bitcoin casino free spins with no deposit bonus that are available as a welcome reward or via codes from promo coupon sites.

#3. Bitcoin Peer-to-Peer Loans

The blockchain has enabled specialist finance companies to cut out the middleman and enable the general public to invest in bitcoin loans. Companies such as Bitbond.com have a wide range of loan investment with outstanding returns and is becoming extremely popular with crypto enthusiasts looking to profit from BTC. All borrowers are qualified by the site before been allowed to advertise their financial requirements which help to keep the default rate at a minimum.

#4. Cryptocurrency Mining

One of the first ways of making big profits from Bitcoin was to take part in mining. This is when a user either buys specialist equipment or takes part in cloud-based mining services from companies such as genesis-mining.com which handles everything for its clients. It is not as profitable as it once was and mining BTC will not make you money but there are other alternative coins that still present an excellent opportunity to make monthly returns.

#5. Distributed Social Networking 

One of the newest ways to earn crypto is via blockchain based social networking sites that reward users for adding content and contributing to the site. A prime example of this is minds.com which enables users to profit by taking part in the network.

Conclusion

The blockchain is creating new ways for people all over the world to earn money and it is only just the beginning. With more new innovative crypto products been released each month is it exciting times in the space and one that presents many opportunities to get in at the start to make vast profits.