Earn Bitcoins in 8 Different Ways - 8 Earn Bitcoins from gambling - not suitable for everyone

8. Earn Bitcoins from gambling - not suitable for everyone To be honest, I'm not a big friend of gambling. But it is a way to earn Bitcoins so in order to make this list complete it needs to be mentioned here. However, I won't list any links to gambling sites here. It's fairly easy to research them if you are interested. And if you clicked on some of the above links...

Earn Bitcoins in 8 Different Ways - 7 Earn Bitcoins as a regular income

7. Earn Bitcoins as a regular income Getting your monthly paycheck in Bitcoins is probably the steadiest way to earn Bitcoins. There aren't many organizations who would pay you in Bitcoins but there are some at least. And maybe there will be more as acceptance increases continuously. Gavin Andresen, core Bitcoin developer of theBitcoin Foundation stated in this interview that he gets paid in Bitcoins. And chances are, that when your employer accepts Bitcoins...

Earn Bitcoins in 8 Different Ways - 6 Earn Bitcoins through trading

6. Earn Bitcoins through trading Some people would say that trading is a form of gambling. While there these two things have something in common, there are also fundamental differences. When you gamble (and assuming that it's a fair game) you have a certain probability of winning and losing. When you trade assets, this gets much more complex. I don't want to go into too much detail here. I just want to outline the concept how you can earn Bitcoins with trading. The safest way to make money...

Earn Bitcoins in 8 Different Ways - 5 Earn Bitcoins by getting tipped

5. Earn Bitcoins by getting tipped When you earn Bitcoins through tips, it is much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the people who can potentially give you a tip need to be aware of it. There are various places where you can receive Bitcoin tips. Again, your shop is the first thing to start with in case you have one. It's just a bit simpler because since tips are voluntary you don't really need to check the...

Earn Bitcoins in 8 Different Ways - 4 Earn Bitcoins from mining

4. Earn Bitcoins from mining Bitcoin mining is the process by which new Bitcoins are originated. When you perfom mining, your computer adds new Bitcoin transactions to the block chain (a public ledger where all Bitcoin transactions are saved) and searches for new blocks. A block is a file that has the most recent Bitcoin transactions recorded in it. When your computer discovers a new block, you receive a certain number of Bitcoins. Currently a block contains BTC 25. This number...

Earn Bitcoins in 8 Different Ways - 3 Earn Bitcoins from interest payments

3. Earn Bitcoins from interest payments If you already have some Bitcoins, put your Bitcoins to work for you. Earn Bitcoins through interest payments by lending them out. Lend directly to someone you know. This allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who match your...

Earn Bitcoins in 8 Different Ways - 2 Earn free Bitcoins by completing tasks on websites

2. Earn free Bitcoins by completing tasks on websites There are many websites which offer you to earn free Bitcoins. With most of these sites, the concept is that you visit the site and just for looking at it you get a small amount of Bitcoins. The concept has something in common with watching good old free TV. You watch a lot of ads and inbetween you get something you actually want to see, like a film or music clips. While this is a legitimate concept, the return on your invested time is...

Earn Bitcoins in 8 Different Ways - 1 Earn Bitcoins by accepting them as a means of payment

1. Earn Bitcoins by accepting them as a means of payment In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have a brick and mortar shop or an online business, no matter if you sell goods or services. You just have to complete...

What is Bitcoin?

Introduction Bitcoin is a digital currency Bitcoin came to life in January 2009 The creation and transfer of Bitcoin is based on a cryptographic protocol All Bitcoin transactions are recorded in a public ledger called the block chain Bitcoins are transferred through a peer to peer network You can store your Bitcoins in a digital wallet Mining is the process by which new Bitcoins are created The number of Bitcoin is limited to 21.0 million Each Bitcoin has 8 decimals which means that in total there...