Bitcoin's guide on how to earn bitcoin online features the top 5 best ways to get paid in cryptocurrency and make cryptoasset profits in 2022
Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways to earn cryptocurrency as well. These include free methods like tasks, airdrops, faucets, and questionnaires- or more popularly, the modern gig economy paying for your time and services in cryptoasset coins and tokens.
Before reviewing the best ways to earn bitcoin in 2022 and get paid in cryptocurrency, it is important to remember how the value of bitcoin is calculated in USD and why making bitcoin profits is all about stacking satoshis. Even if our number one way to gain bitcoin is by using other people's money to buy bitcoin now versus later as many speculate and predict the price could see all time highs this year or next. Take a look at the OPM Wealth system after reading through the research on how to earn bitcoin online and start getting payments via cryptocurrencies instead of US dollars
Top 5 Best Ways to Earn Bitcoin and Get Paid in Crypto
Once the world starts to transact in Bitcoin globally, the payment network aspect of it will continue to grow and people will start getting paid in cryptoassest by their employer or company. There is also the blossoming freelance market that has plenty of opportunity within the blockchain era dawning upon us all. Let's review the top 5 ways to get paid in bitcoin and gain more crypto by earning it rather than buying bitcoin through an exchange for USD. While there is nothing absolutely wrong at all to buy bitcoin outright in hopes it's BTC/USD exchange rate value rises, but others enjoy the opportunity to gain bitcoin rather than a charity case or having to exchange USD-based salaries and paychecks into cryptoassets.
It helps people to think of cryptocurrency like a fiat currency – you can’t purchase or print your own paper money but you can earn it through trading skills, goods, services and time for money.
Fiat money is generally traded, not bought. BTC, on the other hand, is associated with being bought and that can be confusing for people looking into earning or acquiring free coin.
Beginner’s also have a habit of being overwhelmed by the cost of a single coin as they are not used to thinking of purchase or earning through the terms of micro-buying or micro-earning. In other words, most people do not acquire a whole coin outright and that understanding can have an impact on your success and results. For this reason, we break the coin down into satoshis, which is a basic unit of account. A satoshi is equal to 0.00000001 bitcoin. There are 100 million satoshis per bitcoin and there will only ever be 2 Quadrillion, or 100 Trillion, satoshis total.
Satoshi Nakamoto had the famous phase once when he alluded to the potential growth bitcoin has in the early days. Many believe the statement will continue to hold true and rise well into new heights in the next year or two. Bitcoin's whitepaper author and creator said:
Now that we have a base of understanding of the math baked into the bitcoin DNA of a satoshi unit of account, let us get into the 27 ways people can earn Bitcoin and its tax implications.
To begin with, you need a digital currency wallet address to receive and store the bitcoin in. A free wallet is fine for beginners, but do research good ones beforehand. Many choose to buy bitcoin from exchanges, as it is an incredibly simple and reliable way to acquire it. If 5 Best Ways to Get Paid in Crypto (2022) you have technical skills and the proper hardware, you can also mine it into your wallet. But the more creative way, and the primary focus of this guide, is earning it.
While the list does provide a plethora of opportunities and each has their own risk/reward profile, it does not rank them from most to least effective.
With that in mind, here are the methods in detail and how you can start earning bitcoin to
- Effort: Low
- Income: Low
- Risk: Low
Airdrops are basically free money that companies are giving away in order to entice people to their company and platforms. Think of it like a store rewarding you with samples for spending $10 or a bank rewarding you with $20 for free in order to open an account with them. A growing number of companies are participating in this for traction and publicity reasons.
Currently, 5 Best Ways to Get Paid in Crypto (2022) there are hundreds of available airdrops throughout the crypto community on a monthly basis. It is important to note that a majority of these companies will most likely fail but you can still earn a decent amount doing this. And hey, free money giveaways!
BitcoinTalk.org and Reddit are the most well-known sites to check for latest airdrop announcements and giveaway but always google because there are others.
Earning Potential: Zero to $100
Crypto Freelance Marketplaces
Effort: Medium to High
Income: Medium to High
Risk: Low
The following are some websites where you can freelance work for BTC online:
- Reddit’s r/Jobs4Bitcoin
- Bitwage
- Earn.com
- Angel’s List
- CryptoGrind
- CryptoJobs
- Bitfortip
- Coinality
Like with any “normal” job, these places all pay you to perform various jobs- only in Bitcoin. Some of these opportunities can be really small, for example Earn.com has opportunities to answer emails to earn bitcoin. The earning potential here is technically and virtually unlimited. It really just depends on how much you can and are willing to work.
Earning Potential: Unlimited
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| 5 Best Ways to Get Paid in Crypto (2022) |
- Effort: Medium
- Income: Low
- Risk: Low
Coinbase has recently launched a unique online training program where you can learn about specific crypto, take a test at the end of this training, and if you pass they pay in that coin. They have courses available in Dai, EOS and other major cryptocurrencies. To give an idea, they are currently paying $20 for the DAI course, $50 for the EOS course, and $50 for the XLM course, among many others.
These courses are fast, readily available, and relatively easy to participate in. They engage you with videos and then you completely a single quiz on hat you learned and receive crypto in your Coinbase wallet. It’s a lot of very easy and legitimately free money available to anyone able to open a wallet with them.
Earning Potential: $20 to $200
Micro-Earnings, Pay to Clicks, and Small Service Jobs
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| 5 Best Ways to Get Paid in Crypto (2022) |
- Effort: High
- Income: Low
- Risk: Low
Micro-tasks are a cheap, easy, and low-risk way of making bitcoin online. That being said, it’s known for being boring and time consuming, plus you will never make that much at a time.
One example is a pay to click (PTC) website. PTC sites require you to visit, click ads or a button, and receive pennies in exchange. They make money through ad sales and are essentially giving you a small cut of those earnings.
There are also sites that want you to complete surveys or other small tasks in exchange for small amounts of money via cryptocurrency.
While it’s technically possible to make bitcoin online through these methods, it could be as little as $.25 an hour which would not be worth it to most people.
Earning Potential: $0.05 to $2 per hour
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| 5 Best Ways to Get Paid in Crypto (2022) |
- Effort: Low to Medium
- Income: Low to Medium
- Risk: Low
Bitcoin faucets are a system of bitcoin distribution where dozens of coin pieces are given away for free to anyone visiting a specific website every 30 minutes. It’s essentially a prize giveaway that you may or may not even win and they were very popular in the early days of bitcoin.
Currently, no such faucets for bitcoin even exist anymore because of the popularity and cost of the coin itself. 5 Best Ways to Get Paid in Crypto (2022) However, there are faucets for smaller, lesser known coins. They have less value but they COULD be worth more someday and even if they never are, you can still sell them off asap for small amounts of money instead.
Faucets are pretty simple concepts. Whichever company creates them requires you to visit a website and then distribute these coin prizes every set period of time.
It’s not actually recommended to participate so much as to create your own. If you know how to, you can make a crypto faucet with ads and encourage others to use it. You have minimal effort after its creation and collect money through the ad revenue while paying others a small portion to participate.
Earning Potential: $1 per hour to $1,000 per month
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