As the holidays approach, there may be a chance to make a profit and make the month of December detty. Despite the cryptocurrency’s ups and downs, Nigerian youths have embraced crypto. Although, due to fluctuating pricing, coin-based frauds, and disinformation pushed by influencers, the desire for making a profit must be carried out cautiously.
Losses due to DeFi attacks have totalled $12 billion so far in 2021, according to Elliptic, a company that tracks the movement of funds on digital ledgers backing cryptocurrencies. Fraud and theft accounted for $10.5 billion of this total, up sevenfold from the previous year.
There are numerous options to consider, and determining the best course of action isn’t always simple and can result in financial loss. If you’re still interested in making money using cryptocurrencies, there are a number of options available.
Microjobs
If you’ve been looking for ways to generate money using Bitcoin on the internet. This is a safe and secure way to acquire BTC that few people will tell you about. If you watch an ad or click on a link to a page with adverts, several PTC websites will pay you fractions of BTC.
Keep in mind, however, that producing any meaningful money this way is a difficult and time-consuming endeavour. These sites are a great method to make a quick buck if you’re ready to put in the effort. If you’re interested in learning how to generate money using bitcoin, visit services like Coinpayu and adBTC
Another site that pays you a modest amount for doing simple things like watching a YouTube video or filling out a survey is Microworkers. These PTC sites have Bitcoin analogues, such as like BitcoinGet and CoinTasker, where members can choose from thousands of tasks to accomplish in exchange for Bitcoin.
Play to earn games
You can make money and have a good time at the same time! This holiday season. Satoshis are given out in Bitcoin play-to-earn games like Bitcoin Alien Run and Sparkprofit. Bitcoin games are probably more entertaining than filling out a survey, despite the fact that they require more effort than microtasks.
Cryptocurrency write-ups
Cryptocurrency is a new area, and only a few writers are truly knowledgeable about it. This implies that the market is inundated with inexperienced copywriters who recycle content.
Why not attempt teaching the public if you want to learn how to make money with bitcoin and have previous crypto writing experience? Several websites, like Cryptocurrency News and Bitcoin Magazine, will pay you to write about Bitcoin. Many freelance websites, such as Upwork and Freelancer, are also available.
Bitcoin faucets
For persons who enjoy reading advertisements and taking surveys, Bitcoin Faucets can help you earn a substantial quantity of cryptocurrency.
Bitcoin faucets are reward systems that pay modest amounts of BTC to anyone who accomplishes simple tasks such as watching adverts or filling out questionnaires. Some are even available as minigames!
Binary trading
Binary trading has been around for a long time in the finance industry. It was only a matter of time until it appeared in the crypto realm. This is a wonderful alternative if you’re still looking for the right technique to generate money using Bitcoin.
Binary options, as the name implies, have only two possibilities: a trader buys an option and a time limit for it to expire. It’s either “in the money” or “out of the money” in the trade. Essentially, you’re betting on the direction of the price.
At 2 p.m., for example, the price of BTC is 50000 USD, by 10 p.m., you may either wager that the price will be higher or lower. If you bet that the price will rise and it does, you will receive a percentage of your investment back. If it’s lower, however, you’ll lose money. If, on the other hand, you bet that the price will fall and it does, you will receive the option’s payoff. This is a difficult way to generate BTC, but if you invest well, you can make a lot of money rapidly.
Bug bounties
Bug bounties could be the answer if you want to make money with Bitcoin and are a code wizard. Many software developers and organizations offer these incentives in exchange for finding exploits and vulnerabilities in their systems. Many bitcoin exchanges and peer-to-peer marketplaces have similar schemes to help their customers improve their systems.
