As global demand for bitcoin and, therefore, its price increases, so does the desire for people to start earning bitcoin. This is actually visible when looking at Google Trends data for the keywords "Earn Bitcoin," which has seen a substantial increase in search volumes in the last few months, reaching all-time highs.
Investor Alistair Milne pointed this out with a popular Reddit post on December 5, whereby one of the replies influenced this article. With Christmas and the New Year around the corner, we detail six ways you can earn bitcoin without having to make any costly upfront investments.
One of the easiest and most common ways people enter into the bitcoin economy and earn their first bitcoin is by offering their services as a freelancer. Whether you are a content writer, a programmer, a web developer, a graphic designer, or are able to offer any other valuable service for which there is demand, you can be paid for your services in bitcoin.
Popular bitcoin freelancer platforms and job portals include XBTFreelancer, Bitlancerr, Coinality, Cryptogrind and BitGigs. There is also a very active subreddit called Jobs4Bitcoins, where users can find job listings and offer their services in exchange for payment in the cryptocurrency.
Selling Physical Goods
There are several online platforms that allow you to sell your physical goods in exchange for bitcoin. Some of the most popular ones include the bitcoin-only marketplaces OpenBazaar and Bitify.
OpenBazaar is a decentralized zero-fee bitcoin-only marketplace that allows users to sell physical products on a downloadable desktop-based platform. OpenBazaar was officially launched in April 2016 and many of its initially listed products have had a bitcoin theme to appeal to the platform’s user base. In the last six months since its launch, however, around 300 vendors have started to list over 7,000 products ranging from artwork and t-shirts to drones and collectibles making it an excellent marketplace for vendors of all sorts of products.
Bitify is another cryptocurrency-only online marketplace that allows you to sell your products for both bitcoin and litecoin. Bitify offers an escrow service to ensure safe payment and delivery of the goods and functions in a similar way as e-commerce giant Amazon. On Bitify you can sell both digital products, such as eBooks, gift vouchers, and software, and physical products such as clothes, beauty products, and books.
Selling Apps and Digital Services
The 21 Market, on the other hand, does not offer physical products. On the 21 Market, you can sell cryptocurrency-related digital products and services, such as APIs, market data, and apps, most of which have been developed using the 21 Bitcoin Computer.
The 21 Bitcoin Computer is a small CPU that allows developers to learn how to create cryptocurrency-related APIs, apps, and services. Selling bitcoin-related apps and digital services is an excellent way to earn bitcoin, as the demand for such products is increasing as the Bitcoin startup ecosystem grows.
Another way to earn bitcoin is by sharing files in exchange for bitcoin micropayments. Platforms that offer this include Supload, SatoshiBox, and JoyStream.
Supload rewards you for uploading images and videos with bitcoin payments, which come from “50 percent of the profit generated through advertisements displayed on Supload content associated with your user account.”
SatoshiBox pays its users in bitcoin when their uploaded files are being downloaded for a fee pre-determined by the user when he or she originally uploaded the digital content.
JoyStream, on the other hand, is a peer-to-peer file-sharing network similar to BitTorrent, except that file-sharers receive bitcoin micropayments to seed content for other users to download.
If you have valuable original content to share, then using bitcoin-based file sharing platforms is an excellent way to earn some bitcoins.
There are several platforms where you can earn bitcoins for completing small tasks. The leading bitcoin microtask platforms include Bitfortip, WillPayCoin, and Bitasker.
Bitfortip and WillPayCoin both work in a very similar way. Users post ads for the tasks they need completing and how much they are willing to pay for the service denominated in bitcoin. Tasks include tweeting about a product or service, designing a logo, or helping a user find out where he can get a specific piece of clothing he saw online.
Bitasker, on the other hand, is a little different. On this platform, you will receive bitcoin micropayments mainly for answering user questions, such as how to install specific software or a particular app on a certain system.
Completing microtasks does not pay the big bucks but is an easy way to turn your knowledge into a few dollars worth of bitcoin without having to invest a lot of time.
If you have original video content that you want to get paid for, you can offer it on one of several bitcoin video-streaming services. Popular bitcoin-based video streaming services include Streamium, and OTika.TV, and WatchMyBit.
Streamium is a live stream service, similar to Meerkat and Periscope, except that you can charge users in bitcoin on a second-per-second basis for viewing your live-streamed video content. On Streamium you can stream anything from language lessons and online courses to one-on-one consulting and online gaming competitions.
OTika.TV works in a similar fashion except it focuses on a TV show format. Each user has their channel where they can share and discuss whatever they want and can charge their viewers a predetermined bitcoin amount to watch their live streamed content.
WatchMyBit differs to Streamium and OTika.TV as it offers users the opportunity to upload pre-recorded video content that they can then sell for a one-off price to each viewer that wants to consume their video.
If you want to become part of the bitcoin community or just want to earn a few bitcoins to benefit from the deflationary nature of the currency, there are many ways to achieve that. Whether it is in the form of offering your services as a freelancer, selling physical or digital products online or offering content in exchange for payment in bitcoin, there are many opportunities for you to earn bitcoin.