Everyone wants to buy, sell, trade, and invest in Bitcoins and other cryptocurrencies these days. The massive price hike means that people want to be a part of the action before the expected stability hits the market.
However, Bitcoin is roughly hovering near the $19,000 USD mark as you are reading this. Meaning, it is a tad too on the expensive side.
If you are not someone who has thousands of dollars to buy Bitcoins from an exchange or a trading platform, earlier you had just one option in front of you- Mining.
However, that too has become quite an expensive proposition given the infrastructure, power costs, and technical expertise required.
Can Normal People Earn Bitcoins in 2021?
The short answer to this is Yes! The industry has advanced to a point where you can earn Bitcoins by engaging with the ecosystem in meaningful ways. In the following section, we are going to list down some workable and easy ways to earn Bitcoins in 2021.
- Offer Services to Crypto Exchanges for Salaries in Bitcoin-
To give you a small example, an individual I knew had a penchant for gathering interesting information on the industry. He was also a prolific writer. He reached to many Crypto Exchanges asking them whether they want someone to contribute to their blogs and create resource material.
He heard back from a few, sent samples, and requested to be paid in Bitcoins for his salary. The exchange consented and he was paid One Bitcoin as his first salary in late 2018. Like him, there are plenty of services, which you can offer in exchange for Bitcoins or other cryptos.
- Make your Small Business accept payments in Cryptocurrencies–
If you are someone who runs a small business, you should start accepting Bitcoins and other cryptos as payment options. There are a number of payment gateways including PayPal, which can help you in this regard. In other words, the entire payment system has become credible.
You can use the payments, which you receive in the form of Bitcoins to store in a digital wallet. Once you feel you have enough, you can start trading them on exchanges and platforms like https://bitcoin-pro.live/.
- Lending Bitcoins and then Receiving Interest on them-
For this strategy to work, you need to have at least some Bitcoins to start. The process is fairly simple. You contact a bank, which deals with Bitcoin services and tells them you want to make a Bitcoin deposit. The bank will offer you interest for your deposit.
Rather than accept the interest in the form of traditional currencies, ask the bank to evaluate the same in the form of Bitcoin valuations. You can easily create your Bitcoin assets like this. Some banks will be happy to work on this kind of arrangement.
- Betting and Gambling Platforms-
The year saw some of the biggest sports betting and casino gambling sites start their operations in Bitcoins and other cryptocurrencies. If you win at betting or gambling, you can choose your payouts. This means that you can accept your winnings in the form of Bitcoins.
However, unlike the earlier three ways, this is something, which is risky and might involve legal implications in the country you reside in. Pay attention to the legality and do adequate research before you want to proceed with such an engagement for earning Bitcoins.
The Final Word
You do not need to be a big investor or have sizable assets to start earning Bitcoins. No matter what everyone says that without Mining and Investing, it is impossible to earn Bitcoins, you can use any of the four ways to start earning them.
However, it is essential that you do proper research and ensure safety protocols are met at every juncture to protect your Bitcoins. This includes proper storing using security-rich wallets and ensuring that your systems are adequately protected against cybercriminals.
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