Passive Income Generation with Bitcoin in the Modern Crypto Age
Bitcoin, the pioneer cryptocurrency, has seen tremendous growth since it first started trading publicly in 2010. Despite some bearish periods, the overall trend for Bitcoin has been bullish, as evidenced by its market cap growth from 2014 to date. This growth has made Bitcoin a prominent investment asset, attracting institutional-grade offerings from industry players like Bakkt and Fidelity.
However, not everyone can afford to invest large sums in Bitcoin due to its high valuation. As an alternative, here are some ways to generate passive income by earning free Bitcoin before the 3rd Bitcoin Halving in May 2020.
1. Working for Bitcoin:
Working for Bitcoin is a legitimate way to earn the cryptocurrency. Whether you have skills in development, design, writing, translation, editing, internet marketing, freelancing, or engineering, there are platforms that offer Bitcoin in exchange for your services.
2. Earning Satoshis and Accumulating Bitcoin:
Satoshis are the smallest units of Bitcoin, and accumulating them through trading altcoins and converting them into Bitcoin is a way to earn the cryptocurrency. Trading relative to Bitcoin instead of USD can help increase your Bitcoin holdings.
3. Shop and Earn BTC Cashbacks:
Platforms like Ebates and Lolli offer cashback in Bitcoin for purchases made on partner websites. By shopping at stores like Sephora, Macy’s, and CVS, you can earn cashback in Bitcoin, making everyday purchases a way to accumulate the cryptocurrency.
4. Affiliate Programs:
Affiliate marketing with companies like Binance, Coinbase, Changelly, Local Bitcoins, and others can earn you commissions in Bitcoin or fiat for referring customers to their platforms. Each program has its structure and incentives for affiliates.
These affiliate programs offer various commission models and payout frequencies, allowing you to earn passive income by promoting these platforms and attracting new users.
In conclusion, with the plethora of passive and semi-passive income opportunities in the Bitcoin and crypto space, it’s important to choose the options that align with your skills and preferences. Starting with a few income sources and gradually scaling up can help you maximize your earnings in the crypto market.
Happy earning in the modern crypto age!
