Buy and hold Bitcoin.
If you are wondering how to make money with bitcoin without working hard, then the buy and hold strategy is one of your best options. Buying and holding BTC is one of the easiest and most initially friendly ways to make money with crypto. Is that how it works:
Create a Paxful account – by signing up you will get a free Bitcoin wallet!
Buy a bitcoin with a bank transfer or choose from around 400 payment options.
Hold your BTC and wait for the price to rise, no matter how long it takes.
You can wait weeks, months, or even years before deciding to sell. This is the beauty of buying and keeping. This technique has become very popular. It even has a name on the Internet: HODL. He started writing on a forum and became an acronym for Hold on for Deer Life. So if you decide to buy and hold, remember to keep BTC for dear John.
If you want a systematic approach to HODLing, why not try dollar cost averaging? Also known as a permanent dollar plan, DCA is a method where you invest your total money in small increments over a specified period of time instead of paying a lump sum all at once. This is especially useful for investors who want to return certain assets over a longer period of time.
Earn interest on your crypto.
If you want to use your bitcoin to secure your wealth or just HODL for a certain period of time, our new helper tool may be the best option for you. Paxful Earn lets you earn even more money with your crypto on a weekly basis, earning interest every Tuesday. It works like a savings account where you keep your money but with more opportunities to earn extra money. The product is already available in Nigeria and soon in different parts of the world.
Get bitcoin cashback on credit card purchases.
Many payment giants around the world have also started dipping their toes in the corrupt water. Interestingly, it paved the way for many corrupt customers to use their credit cards to open up and enjoy new financial opportunities with their bitcoins.
The BlockFi Rewards Visa® Signature credit card, for example, rewards its customers with cryptocurrency instead of regular miles or points. Cardholders can also earn up to 1.5% to 3.5% cash back, which will be automatically converted to BTC and placed into a monthly blockchain account. In addition to giving you a different financial experience, the best part is that there are no foreign transaction fees.
Participate in affiliate marketing programs
Many companies use this type of marketing to attract new customers. It works by encouraging existing customers to bring their friends and family to the business. You will see these types of programs all over the market, but they are different from each other. Study each one carefully and choose which program you would like to spend your time on.
We have our own Bitcoin affiliate program here at Paxful, which gives you the best opportunity to make money with Bitcoin. Take a look and see if you dare to try it.
Accept bitcoin payments
As BTC matures, we are starting to see more and more businesses accepting BTC payments for their goods and services. So if you already have a business and want to make money with Bitcoin, why not consider accepting BTC as payment for your product?
Integrating bitcoin into your payment system will expand your reach and make transactions more accessible to customers who don’t have bank accounts or credit cards. Best of all, it’s incredibly easy to start accepting BTC payments.
If you have a brick-and-mortar store, you can start by putting a little branding on your store front and with your cash register. If your business is online, you can put a banner on your home page or use a payment method like Paxful Pay and fully integrate it into your website. Users can only send funds directly to their bitcoin wallet.