Today, I’m going to show you how to make money with cryptocurrencies like Bitcoin and Ethereum. It’s easier than you think, and it will only take 5 minutes.
If you’re not yet convinced that cryptocurrency is the future of currency and ICO promotion campaign, or if you just don’t know enough about it yet… Read on! You’ll be glad that you did!
1) Buy some Bitcoin at Coinbase –
As of this writing, one bitcoin is worth $8200 USD (and growing!) You can use your credit card for instant purchase. If bitcoin goes up in value any more, then congrats – your investment just became more valuable! If not… no biggie. It’s still cheaper than it ever was.
You’ll get: ~$100 USD worth of BTC deposited in your Coinbase account instantly, complete with a wallet address to use for future transactions.
If you don’t have an account yet, it’s easy to set one up. Simply click here , and enter the code “10PTAD” – that’s the code I used, it gets you 10% off their first purchase! (Give them some love if you buy from them.) Of course, as long as you keep some of your earnings in Bitcoin, you can always sell when the price goes up and buy back down later should it fall.
2) Use that Bitcoin to buy Ethereum from Coinbase ! –
Ethereum is just like bitcoin but it’s faster and cheaper. I used the code “GPH” (again, not joking) to get $100 worth of ETH deposited in my Coinbase account instantly.
You can then use Ether to buy any of the thousands of new ICOs that are launching daily. Just search using Google for “ICO Token Name”, and you’ll find a ton of new Ethereum-based tokens appearing on the market every day.
Don’t want to buy an ICO? Then you could try the online exchanges – Poloniex and Bitfinex are two that I hear are reliable. Just search for bitcoin and go from there. Using each of these platforms is easy, but I don’t recommend them because they’re risky to use with a credit card, and they take more time because everything has to be verified manually.
3) Trade that Bitcoin/Ethereum for some altcoins! –
That’s where I got most of my gains from in this whole adventure. The top ones are listed below, but there are plenty more to be found through Google with phrases like “altcoin + volume + recent price”. This is where the real money is. Guest posting sites are here.
4) Sell those altcoins to get some extra cash –
This is where it gets really easy. You could list everything on Binance, either straight to their exchange or through the sites KuCoin and CryptoBridge , but I don’t recommend that unless you’ve got a lot of experience with crypto already. There’s also Mercatox , but it charges a fee and it’s not as well known.
My favorite way of getting more money is through the cryptocurrency-to-cryptocurrency exchange called ShapeShift for seo link building. Simply head over to ShapeShift.io and enter the Bitcoin/Ethereum address in your wallet, the type of coin that you want to exchange, and whether you want to give them a refund address (so they can send your non-native currency back to you) or not.
That’s it! You now have more money! In total, I used Coinbase to buy ~$1000 USD worth of BTC and ETH which I then traded for ~ $2600 USD worth of new altcoins. BTC is at $8400 as I write this…
Of course, the price of each individual altcoin will rise and fall with time – for example, the coin NEO went up from approximately $0.10 to almost $40 in just the past week, and prices of other altcoins have changed as well. The best strategy is to be patient and buy low, sell high.
It doesn’t matter if you get your whole investment back or not – you’re still making money! This kind of stuff happens all the time, so don’t think that this is a short-term thing. If prices fall like they did in September 2016 when Bitcoin fell from $1200 USD to under $300 (and back up to over $1000 again within a month), then when they rise again…
5) Buy More! –
You could just keep on buying crypto currencies. They’re available through an ever-increasing number of places, even including localbitcoins.com if you want to hold onto the coins yourself . Check out the section of the site for your area and see what’s available! (I’m from Canada, so I don’t know what most of these are offhand, but there are probably some in these places!)
I hope this helps you make some money from cryptocurrency. It’s really not as hard as you think, and it actually takes less time than any other way I could think of to make money. I’m sure there are many more ways that I don’t even know about, but this website seems to list just about every new cryptocurrency. There are so many ICOs launching that there’s going to be at least one good investment in each batch.