1- Lend fractions of BitcoinThe decentralized nature of Bitcoin and other cryptocurrencies makes it simpler to make transactions. No authorities are required to validate it. Because of this decentralization, you can loan BTC and earn some cash through interest. Think of it as a way to make your money flow even when you’re HODLing—you’re actually using your wealth instead of keeping it unmoved in your wallet. Unchained Capital, Bitbond, and BTCpo p are some websites you can use to help you with your lending services. So, if you’re still wondering how to make money with Bitcoin, give lending a try. Difficulty: EasySpeed: Slow
2- Trade BitcoinIf HODLing is long-term investing, Bitcoin trading is its fast-paced equivalent. Essentially, BTC trading means taking advantage of its highly volatile nature. This method requires practice and knowledge of the market, so be sure to do your homework before giving it a shot.
Here are a few trading strategies you can try out to make money with Bitcoin:
Day trading – This approach entails short and quick trades, allowing opportunities for small and fast profits. Day traders don’t hold open positions overnight, so this method carefully analyzes the market, sees small money-making opportunities, and capitalizes for a small profit. At the end of the session, day traders could have a significant cumulative gain.
Swing trading – If HODLing is long-term and day trading is short-term, swing trading is kind of in the middle. Like HODLers, swing traders will buy low, wait long enough to see their holdings increase in price, and then sell high. However, their holding time isn’t as long as a HODLer and isn’t as short as a day trader.
Arbitrage – Bitcoin arbitrage is similar to the styles above. However, instead of looking for money-making opportunities within the same exchange, traders who use arbitrage look for those opportunities across different platforms. In essence, they buy BTC from exchange A then sell it at exchange B for a higher price.
These methods require a lot of practice, so don’t expect to get it right on the first try. You can also try our simple strategy for earning money from Bitcoi$BTC n trading on Paxful. This involves buying BTC and selling it for a profit. Note that on Paxful, you have nearly 400 payment options to choose from and bank transfer has the lowest fees among the payment groups. You can use it to buy Bitcoin and make a significant profit by taking advantage of the offer margins.
Difficulty: Medium Speed: Fast