Hello Readers,
Got some bitcoin/ extra cash? Lets put it to work :)
Bitcoin is on a rage these days growing continuously and being the 'best growing investment of the season', despite efforts to call it a 'bubble' by some.
Well, bubble or not, I cant say that, but I would definitely be interested to know how can we benefit from it?
Everyone of us would like to make passive income or a second earning source, right? In this article I will tell you what are the ways the world is trying to make money from bitcoin. Basically there are two main sources:
1. TRADING
Bitcoin trading is attracting a lot of people towards it. Buy low, and Sell high. Its that simple. However its easier said than done, the crypto market is very volatile and this is a good as well bad news for bitcoin traders. Bad because its difficult to say that whether it will continue growing in the long term the same manner, given the banks and some govts. are responding to it. Good, because this volatility is beneficial for quick selling and buying and making some good money. So in the short term that is a advantage. Lets see how to begin with:
How can I start trading?
That is the most important question. There are many ways to can get into the bitcoin trading platforms. The first option given later is for anyone in the world to use and trade. Talking about India, Bitcoin exchanges are recommended due to the ease and simplicity as well as the promptness. The two major bitcoin exchanges, Zebpay and Unocoin, are doing well in India. Its easy to register and submit your PAN and ID proof. Once verified, which takes max two days, you are good to go. Here is some help for you, click on the names to learn more about these options-
1. LocalBitcoins This is the easiest way to begin with and anybody around the globe with internet can use it, no verification and all that stuff. Just Sign up, login and buy/sell bitcoins locally. You have to pay in your local currency as agreed with the seller. Check it out!
2. Unocoin - Install the mobile app or through browser, register using the referral code U101457 and get verified. Then use promo code UNOCOIN200 to get INR 200 worth bitcoin and INR 10 PAYTM cash! for Indian users only)
3. Zebpay - Install the app and use promo REFVAIB7798 and get INR100 worth free bitcoins on your first purchase! (for Indian users only)
2. INVESTING
You read that right. Got some idle money? You can use it as bitcoin to invest and earn some handsome amount. Wanna earn 150 % in few weeks? 2-15 % daily forever? Yes, you can get them all here.
However, PLEASE NOTE THAT INVESTING IS EXTREMELY RISKY AND YOU MAY LOSE ALL YOUR INVESTED MONEY AS WELL. SO INVEST ONLY THE AMOUNT YOU CAN AFFORD TO LOSE. That is spare money, which even if it gets lost, you are safe.
There are several HYIPs(High Yield Investment Programs) running which promise great returns to your investments ranging from daily to monthly. I have given some common of them below. Having said that, if you get into some good scheme, you might feel like hitting a jackpot. Yes, these schemes offer 150% in a month, 5-15 % daily and so on. There are a lot of people who have earned a lot from such schemes. Click on the below links, register and invest if you desire-
I have invested in these and as of now am earning. I say that these are risky because they are ponzi schemes and do not have any traceability. Generally they operate for few weeks to months and then go offline. So its recommended to do a proper research/ feedback/ review before investing.
That is all for now dear readers! Try these out as per your abilities and do comment.
(Note: None of the given apps/ sites or the schemes are owned by me. This was just for information regarding the current practices. I'm not to be held responsible and take no guarantee for any profit or loss :))
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