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10 Awesome Ways to Make Money with Bitcoin in 2025

There’s no doubt that you have heard of Bitcoin (BTC) at some point recently. Everything these days seems to be — bitcoin this, blockchain that, ICO launches galore, digital currencies, cryptocurrency — and so on. It’s mind-boggling and nearly impossible to follow for the average person who doesn’t have hours per day to keep up with it all.

However, you don’t want to get left behind, so you are wondering…

“How do I make money from Bitcoin?”

Well, that is exactly why I have decided to write this post on the best ways to earn money with bitcoins; to help answer that question for you since it has risen exponentially in popularity as one of the top ways to make money online…

How to Earn Bitcoins & Make Money with Crypto – Your 2025 Guide

We are almost to the good stuff, but before diving into it, I think it is important to give you a word of advice on being realistic about your expectations on how much money you will make.

Yes, there is undoubtedly an insane amount of money being made in cryptocurrencies, but that’s not something you should expect right out of the gate (although it *could* happen). Most of the “beginner friendly” methods for earning BTC/Crypto aren’t going to make you rich overnight.

Even so, you shouldn’t get discouraged because even a small amount of bitcoin can be a great asset, and can be used in various ways to grow your holdings & make money!

Also, it’s important to note and keep in mind; there’s really no such thing as truly “free bitcoins” if we are getting technical. At least not in the beginning. It’s always going to “cost” you something to get started — whether it’s time, money, resources, or whatever else.

Ok, now that we’ve gotten that out of the way, let’s get into the real reason why you are reading this…

Here are 10 Ideas for How to Make Money with Bitcoin in 2025 (in no specific order):

1) Investing (buying & holding) – aka “HODL”

This one is actually pretty easy to understand and about as straightforward as it gets (though it can be really stressful and quite hard to force yourself to do at times — an internal battle ensues).

You buy bitcoin and hold it for an undetermined amount of time while waiting for the price to go up until you are ready to sell at a profit.

When most people talk about how to invest in cryptocurrency this is what they mean.

This is a very passive way to make money from bitcoins. It’s also currently one of the hottest strategies out there and a big reason why many people are looking for information on how to make money with bitcoin in the first place.

The stories you hear of people seemingly becoming a bitcoin millionaire overnight were likely using this strategy (though the chances of that happening are becoming far less probable these days unless you have a lot of capital to begin with).

You probably just read those first few paragraphs of this section while thinking, “What the hell is HODL?” You may have even Googled it before getting to this point. Lol, I did that on purpose! A little cliffhanger for you to see if you are really paying attention. ;)

Okay, okay, let’s get on with it… HODL has come to mean “Hold On for Dear Life” in the crypto world. It was originally a misspelling of the word HOLDING from someone on a forum several years ago talking about holding onto their Bitcoin. People in the forum ran with it and it wasn’t long before it had a meaning of its own. Now people in the BTC space and all sorts of other digital currencies use it as a way to say; Hold On for Dear Life! (which is essentially what this section of the post is about)

The obvious risk here is that the price tanks and never recovers, thus leaving you with a loss. The upside here is that the price continues to climb and you end up selling for a huge profit at some point in the future.

Now, you never know what is going to happen, so there’s always a risk with investing in anything.

However, the bitcoin price has been trending upward overall for a very long time, and doesn’t seem to be showing any signs of major long term drops any time soon. Yes, it certainly has had its ups and downs, but the year-over-year price has continued to rise.

For example; If you had bought just $100 worth of bitcoin back around the beginning of 2011 and held onto it until now, it would be worth well OVER $1,000,000 (Yes, that is 1 MILLION USD) at the time of writing this! Can you even imagine turning $100 into $1,000,000 by doing nothing other than waiting around for a while? Wow!

Buy and hold can be a great strategy for making money long term with Bitcoin (assuming the price continues primarily rising over time as it mostly has). However, a big issue with buying and holding is that, even though you are technically earning money, you can’t spend it. As soon as you cash out, you no longer own it, so you have to buy more at a higher price if you want to continue investing. But that won’t really matter if you have already made a huge profit and are content with the amount.

The simplest way for you to buy bitcoin right now — and the way most beginners get started investing — is through CoinBase. Or another popular option is local bitcoin ATM’s where you can buy and sell bitcoins near you and often times get them at a better price than you can elsewhere.

2) Build a Bitcoin Website

This is absolutely one of the most underrated opportunities for making money with Bitcoin, and is highly ranked among my personal favorites!

You could start a Bitcoin blog or crypto information site that will explain the basics of Bitcoin (or other cryptocurrencies) to newbies and/or keep the general public up-to-date with all the important things going on with the cryptocurrency at any given time. Give tips, advice, resources, news and other types of info that is useful to people. Basically, you become a go to resource for bitcoin and other digital currencies.

Your website can earn money in a number of ways, which includes:

– Promoting bitcoin affiliate programs
– Sponsored posts
– Offering advertising spots for sale
– Adsense
– Selling your own info product (see #9 below)
– Building an email list
– And other monetization methods (there’s plenty of them)

All you really need to get started is a domain name and web hosting.

After that it’s just a matter of content creation and marketing. You can use our des moines seo company to help get it ranked for various bitcoin related keywords.

You can even take this further and start doing videos and/or podcasts, build a Facebook group, etc… There’s a ton of ways to build up a community/following, get your content out to the world, and use that to help you gain even more cryptocurrency and ultimately money!

Yes, it definitely takes a decent amount of time, hard work, and probably even some money to build up a successful business/website of this kind, but it can yield an incredible ROI in the long run, and continue to earn money for years to come. You could even sell it later for a huge profit. I truly think if you are looking for a solid business idea on how to make money with cryptocurrency then this should be considered.

3) Faucets

If you are looking for ideas on how to earn bitcoins then this one will surely interest you! Basically bitcoin faucets are websites/apps that gives free bitcoins to their users for visiting their pages in order to earn ad revenue.

For the most part, these faucet sites make money from ads placed on their web pages, so they will pay out a small amount of the revenue to you in exchange for visits. Those who visit them will get rewarded a fraction of what they collect from advertisers for the various tasks involved – usually just viewing as.

So, if you don’t mind looking at some ads, you can visit these faucet websites, and earn bitcoins for free.

Each [ad / reward] round typically lasts somewhere in the vicinity of 5-20 minutes. While it will often take longer to gain a meaningful amount of bitcoin, these faucets do give those of you new to BTC the ability to earn portions of the top cryptocurrency for free.

To get started, all you really need to do is sign up to some of these sites with your bitcoin address and you can start earning (a very small amount of) bitcoins each day.

Yes, this is probably one of the most tedious ways to earn bitcoin, but it is free, and allows anyone new to bitcoin to get into it without risking any of their own money.

You could also set up your own faucet, which would earn you more bitcoin (and money) but would come with its own downfalls, and would obviously be much more difficult to do in the beginning.

One of the most well-known faucets is BTCclicks — If you are wanting to make money with a bitcoin faucet, or test the waters and see if you really can earn free bitcoins from faucets, that’s where I would recommend starting.

4) Microtasks

This is certainly among the top methods for how to generate bitcoins for free by only investing your time. Micro-earnings are one of the easiest – but also most time consuming – ways to earn bitcoin. This basically means that you will be doing small tasks and earning small fractions of BTC for the time you spend.

There are many websites out there on the internet that allow you to earn free Bitcoins in exchange for some of your time and a bit of effort completing various tasks. What you have to do to earn your bitcoins varies from site to site, but some of the most common tasks include; watching promo vids, taking surveys, testing apps, playing games, and doing online offers.

While this is among the best ways to earn bitcoins for free, and one of the few legitimate ways to get bitcoin without risking any of your own money, you will have to invest your time and keep track of what you have done, and the return is very small for the time/effort put in. Still it is quite easy and can be done while you are sitting around in your spare time, so it can be worth it for many people.

You aren’t going to get rich from the amount you earn from these micro-tasks but it can be a good way to make some money with bitcoin. At the very least, this can be a good first step to familiarizing yourself with the cryptocurrency with very little risk. One of the most popular websites where you can do this is Bitcoin Reward.

5) Mining

People will often search for “how to make bitcoins” when they’ve heard there is a way but aren’t exactly sure what they are trying to find. Really, what they are looking for (whether they know it or not) is bitcoin mining information.

This is probably the oldest and most well-known way to earn Bitcoin. It’s also probably the most appealing method for how to earn bitcoins to the newbies who don’t know any better, yet. Once upon a time this was undoubtedly the best way to get bitcoins as it was relatively easy, fast, cheap, and low-risk. By mining for Bitcoins, you can essentially make money for nothing, and a LOT of people have done exactly that. However, it’s not quite so simple these days! As with anything that has huge opportunities to cash in associated with it, things get a lot harder as time goes on and more people catch-on, and bitcoin mining is one such thing.

It wasn’t all that long ago when you could use your own home computer to mine bitcoins, but the algorithms have become far more complex over time, and so many more people are into mining that it has become exponentially more difficult. Doing it this way isn’t really an option anymore, so it’s not worth trying. There is a finite amount of bitcoins available so the difficulty of mining increases as more miners come into play.

So, is bitcoin mining still possible?

Yes, it is, but the current level of difficulty for mining bitcoin is so high that it is virtually impossible for individuals to earn a profit. Therefore, it has made joining a mining pool an almost necessary way to reap some reward over a short period of time.

First off, you are going to need a Bitcoin Miner specifically built for this purpose and a great power supply if you are going to do it on your own.

Then, you will need to join up with a mining pool, which is basically a group of miners that have come together in order to mine more efficiently by combining their efforts, then they split the rewards accordingly. One such example would be; Braiins Pool.

Mining pools allow people to join their resources together and share their power, while splitting the rewards according to the amount of shares they contributed to solving a mined block. It’s also a good way to keep smaller scale miners involved in the ever-important mining activities.

Although joining a mining pool is not absolutely necessary, it is strongly advised, because doing it on your own is pretty much impossible nowadays. The large scale operations are just too difficult to compete with otherwise.

There are a ton of articles out there telling you how to get started bitcoin mining but I would be VERY cautious before taking any of that advice. Most of that information is years old and no longer relevant. I advise you to make sure the information is new, and even then I suggest you perform your due diligence on it.

Now, I know there are a lot of you reading this right now that are still wondering… How much money can I make bitcoin mining? To that, I would say, it’s impossible to know. That is one of those questions that doesn’t have a definitive answer. I wish I could tell you but I simply do not know, and neither does anyone else. That’s comparable to asking; how long is a piece of string? One simply cannot tell you because the answers are infinite.

6) Trading

You can earn bitcoins through trading, and it can be a great way for you to make money with bitcoin. However, I personally wouldn’t recommend engaging in Bitcoin trading if you are a total newbie to crytpo-currencies. This tends to be better for those who are experienced in general financial trading and/or have enough money that you are willing to risk (read:lose) without it affecting your life.

That’s not to say beginners can’t be successful at bitcoin trading, as it’s entirely possible, but it’s just not what I would suggest as a starting point. I’d at least get my feet wet before jumping into it.

Okay, now that I’ve said that, let’s get on with it…

When it comes to trading bitcoin as a business model, there are plenty of different strategies to use, but the basic plan is typically to buy low then wait for the price to increase so you can sell it a higher price to earn a profit. It sounds so simple, but it’s not as easy as you think. You must understand market trends, know price dynamics, and follow digital currency news if you want to make successful bitcoin trades. You also need to be quick as price can fluctuate very rapidly.

Successfully trading bitcoin is almost never a matter of blind luck, especially in the long term. The real traders spend a ton of time learning how to trade profitably and overcome the multiple risks involved with crypto trading. If you want to become a successful trader be sure you have the time and money to invest in good trading education as well as some trial & error.

You can also do bitcoin trading through arbitrage, which is probably the safest way I know of to make money from bitcoin trading at the time of writing this post. What arbitrage generally means is you see an opportunity to buy an asset in one place for a certain price, and sell it instantly at another place at a higher price. It’s very important that you know for sure that you will be able to sell the asset right away at a higher price than you bought it for. This is why knowledge and experience are necessary for this option.

If you want to get into Bitcoin arbitrage trading, you will need to be able to get bitcoins nearly instantly, so when you find an opportunity you can act on it immediately. You can earn bitcoins from arbitrage and it can be quite profitable, but you definitely need to be very cautious if you aren’t highly experienced in this area. Using a software such as CryptoSuite can help you immensely with this.

Another great way to make money trading bitcoins is to buy altcoins or invest into ICO’s that seem to have a promising future. Then, once the coin takes off (assuming it does) you sell them for Bitcoin at a profit. I was personally able to turn a $1,000 investment into nearly $5,000 recently – in less than one month – by doing exactly this!

This can actually be a great strategy on how to make money with cryptocurrency in general. However, once again, I do caution this if you don’t have much experience in the digital currency world overall, or at least have a good mentor to get advice from on which coins to buy, and even then it’s risky.

Our recommended resource for this is AvaTrade

7) Lending

Loan your bitcoin(s) and earn some money on interest.

Lending is one of the oldest ways to use your existing money to make more money. Pretty much everyone knows that or at least has a basic understanding of how it works. If you don’t, it’s fine, here’s the basic rundown… You loan out a certain amount of money to someone for a certain reason and they pay you back with interest in a specified amount of time. The interest rates will vary depending on the market, time, and the risks involved.

If you already own some bitcoin, you can put them to work for you by lending them out and earning interest payments on the loan.

Because of how risky these loans are, the interest rates are quite high, which can seem like a great thing initially. Thinking about how you can make 10-20% plus per year on your coins, it’s hard not to love the idea of that!

However, since there is no actual collateral holding the borrower liable for the loan, it is very common for these loans to default and the lender is left without their money.

Therefore, this is a HIGHLY RISKY method, and one I would advise most people to stay away from unless you know what you are doing and are lending through trusted resources.

In summary, BTC lending can be a good way to increase the investment on what you already own, but please be sure to only lend through sites/people that you absolutely trust. There’s a lot of unscrupulous people in the world so you have to be very careful.

Also, be sure to diversify your risk by lending to multiple borrowers, rather than putting all your eggs into one basket – so to speak.

8) Gambling

Honestly, this is really not my forte, and I don’t generally recommend gambling unless it’s just for an occasional night out for fun with your friends at a local casino. However, if you like gambling online, it can certainly be a way to earn Bitcoins if you are skillful or at least lucky.

I’m sure you are familiar with online casinos by now. They are very well known and the concept is pretty straightforward. You play various games such as blackjack, poker, craps, roulette, and a whole bunch of others with the intention of winning money – You can bet on just about anything! It’s really no different using bitcoin to gamble with than it is your normal fiat cash, except you can make even more money if you win bitcoin and the value goes up afterward, or you use some of other ideas in this post to invest it wisely.

If you like gambling online and want to earn your winnings via bitcoin, you can choose from a variety of internet casinos and gambling websites that use cryptocurrency. However, you should never forget, the house always wins eventually if you keep on gambling – just like any regular casino – so the risks are high. If you win, it’s best to cash out and move on to more stable opportunities. That’s how to earn bitcoins through gambling without taking on nearly as much of the risk. You just have to be smart about it and don’t count on winning.

9) Writing / Info Products

If you are good at researching and writing then you can definitely earn bitcoin using those skills. There are a lot of people out there with bitcoin related websites or other types of bitcoin businesses that need content written for various reasons, or other types of writing gigs that aren’t necessarily about crypto but will still pay you in it. Whether it is to put on their own sites/blogs, use for marketing purposes, sell to others, or whatever else — the fact is they need the content. Most people are either too busy to write it themselves, aren’t good writers, or simply don’t want to do it; so they are willing to pay good money for someone else to write it for them.

Chances are the people who are needing this sort of content written will own bitcoin and be willing to pay you with it in exchange for your writing services. So, all you have to do is get yourself in front of them, offer up your services, and ask them to pay you in bitcoin. There are many forums, marketplaces, websites, and other ways to find these freelance gigs so just do some searching and you are sure to find them. Here’s one to get you started: BitcoinJobs.

Also, there is a growing social media & blogging platform that has skyrocketed in popularity in recent years called Steemit. It can certainly be a great way to earn cryptocurrency (STEEM) through writing. You can then trade/sell them for BTC. As of right now this is one of the best options for you to get bitcoin for free in 2025 and is especially nice for the average person just looking for some easy ways to make money online.

Another strategy for how to earn money with bitcoin through writing is to create your own information products (ebooks, courses, etc) to sell. Cryptocurrency in general is such a hot topic right now and most people just don’t really “get it” so they are searching for information to help them understand the ins and outs of it all. Many people would love to just buy an info product that has everything they need to know all in one place. You can use your writing and research skills to create this product, and many others around many different topics in the digital currency world.

These can be sold on places such as Clickbank, Udemy, and Amazon.

10) Sell Products & Services (accept bitcoin as payment)

It shouldn’t come as a surprise that this makes the top 10 list. Let’s not forget that Bitcoin is a form of currency, so selling goods and services is one of the best ways to earn bitcoins. Yes, you can make money selling just about any type of product or service, and accepting bitcoin as a payment method. These days, even a lot of major retailers are now taking bitcoin as one of their payment options.

I think this is one of the best and easiest ways to make money with bitcoin today. It doesn’t matter if you have an offline “brick-and-mortar” company, an internet business, or you just have some goods or services to sell on an online marketplace – you should accept bitcoin as payment. And if you do already have a small business, the integration to accepting them as payment is relatively quick and easy if you use something like BitPay or a similar service.

There are even sites out there where you can specifically sell things in exchange for bitcoin. A well-known one being Bitify.com

That concludes the list for now. I will update it when any new ideas or interesting opportunities catch my attention.

Overall, learning how to start a bitcoin business and make money with it is not very difficult, it’s just a matter of getting the right information, finding the best options for you, taking some calculated risks, and going for it. As you can see above, BitCoin (BTC) offers several types of money making opportunities for those of us with the entrepreneurial spirit. This digital currency makes starting an online business faster and easier than ever before.

Finally, it’s up to you to jump in and find the right way for you to cash in on the bitcoin craze. You have all the ideas, information and links you need in this post, so don’t delay any more. The longer you wait, the further you fall behind in the curve, and the harder it will be to catch-up. There’s no denying that this is the future of money so get started now rather than regretting it later.

I also want to invite you to join our private crypto-mastermind group where we share tips and discuss all kinds of different information about Bitcoin, Altcoins, ICO’s, and many other topics related to cryptocurrencies. It’s a great place to learn, ask questions, and get advice from a wide range of people in various stages of the digital currency space. Your special invite link will be provided when you sign up for our free newsletter below.

BONUS: I’ve found an awesome way to combine several of the above ideas into one. It includes aspects of bitcoin investing, trading, and a cryptocurrency business opportunity in one simple to use system. This is among the fastest and easiest ways I have ever seen to start making money with bitcoin. Best of all, it’s virtually passive income and can be incredibly lucrative. I highly recommend it! However, this is something I am only sharing with my insider secrets crypto subscribers, so enter your name/email in the form below if you want the details.

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I sincerely hope you are able to use the tips above to make 2025 your best year ever!

Please share this post with your friends and social networks to help out as many people as possible. We all win by utilizing and sharing this information. Let’s all strike digital gold this year!

Here’s the video version for those of you that would rather watch or listen. It’s not nearly as in-depth so be sure to come back here for the full information as well as the links, resources, etc…

Notice: Investing/trading/lending/gambling/dealing/etc in digital assets, such as bitcoin and other cryptocurrencies or tokens, is highly speculative and comes with many risks. The market is largely unregulated and anyone considering it should be prepared to lose their entire investment. Always use caution and do your due diligence before getting involved in anything. Also, NEVER risk more than you are willing and able to lose. We do not guarantee or imply that you will earn any bitcoin or make any money by using the information above. This is not to be construed as financial or investing advice. You use the information herein at your own risk and you accept full responsibility for your own actions!

5 Tips for Making and Saving Money To Overcome Debt

For many of us, making money was so simple in our younger years. With very few expenses and debts, if any at all, we were able to work a few hours a week at minimum wage and have enough money to satisfy our small spending habits. However, as we’ve gotten older, spending and saving have gotten a little more challenging as many of us have taken on larger assets, more expensive investments, and more substantial debts. Additionally, our expenses have increased exponentially, making it seem as if that hard-earned income is never actually in our own pockets.

So what do you do when your income is just not enough to cover your debts and finance your future? Well, you just might have to get a little more creative with your money.

Assess Your Expenses & Debts

The first thing you should always do before creating an income or savings plan is fully assess what your money is already going towards. Most are spending in areas they don’t need to and are missing out on opportunities to save without even realizing it.

Subscription services are one of the most common expenses we take on and lose sight of how much we’re actually spending on them. Whether it be a forgotten streaming service or a gym membership you never fully took advantage of, you can find and cancel all unwanted subscriptions with online services and apps like TrueBill. Even if your plan isn’t to cancel, you can utilize the app to manage those that are existing and see exactly where your money is going.

While subscriptions are on the smaller end of expenses, you can save on some of your largest debts like a car or home purchase through various digital lending services. For your home specifically, you can explore your options for refinancing as it often offers tremendous opportunities for saving or receiving cash from your home’s equity. Many individuals found the pandemic to be a great time to refinance as interest rates lowered. However, even through other transitional stages of life outside of the pandemic, you can explore refinancing as an option for cash or savings.

Get A Side Hustle

A popular option in recent years has been taking on a side hustle and luckily, it’s proven itself to be very effective in debt management as well. Having multiple streams of income outside of your primary career often allows individuals to dedicate all side income to debt repayment. This also helps to alleviate the feeling that you are never actually keeping and spending what you earn. Depending on your earnings from your side hustle, you may be able to dedicate its income entirely to your debt repayment which allows you to use your main income for your own spending.

This strategy is what makes a side hustle so effective in paying off debt. Whether it be freelancing on Fiverr or trying out affiliate marketing, this is a relatively passive method that doesn’t require you cut back entirely from your current financial habits.

Try a High-Yield Savings Account

Though they are sometimes controversial, high-yield savings accounts can be a great low-management investment for those who are interested in earning money without as much work as a second job.

Essentially, high-yield savings accounts allow you to earn money for simply holding your funds in a savings account. Yup, that’s it. There’s no additional work on your part. But what sets this type of account apart is that its interest rates are historically higher than the market and therefore, offers you more earning potential. While interest rates are currently lower from the pandemic, this is actually the perfect time to open up an account because rates are much more likely to increase as the market returns to its original state.

Almost all high-yield savings accounts can be opened entirely online or through an app, making for a quick and simple user-experience.

Switch to Cash Back

For many of us, we are using credit or debit cards to spend without thinking too much about what we could be getting in return. However, a conscious switch to a cash back credit card or shopping service can similarly be impactful in its rewards and earnings.

There are a number of credit cards available; however, the most important thing to remember with credit card spending is that you must track your spending when working on debt repayment. Credit card spending can quickly get out of hand if it’s not handled correctly. So before you apply, make sure you have a plan. Only designate a certain type of spending or a particular expense to your credit card and make sure that your card earns rewards or cash back for that particular category of spending.

Shopping with cash back online services like Rakuten or Ibotta can be quick ways to compile savings on everyday expenses such as groceries.

Effectively Allocate Tax Returns

Tax returns are, naturally, a way to earn a large sum of money relatively easily every year. As of recently, Americans earned an average of $3,000 in returns which can go pretty far depending on your lifestyle. While it seems like an obvious method of earning additional money, it is very rarely used in debt-repayment strategies. Returns have typically been used as an opportunity to splurge and spend frivolously after a stressful financial year. However if you use the early part of the year to assess your expenses and establish a comfortable and realistic budget, you are much less likely to spend your tax return on simple desires. Similarly to a side hustle, you can dedicate all additional sources of income entirely to your debt repayment.

There are also a number of tax software systems available that allow you to file easily online based on your career and lifestyle. Specifically, TurboTax Deluxe has been a recent favorite for receiving your maximum refund each year.

Dealing with debt is no easy task; however, by being conscious of these small ways to earn and save can truly make an impact overtime. Whether you are meeting smaller savings goals with cancelled subscriptions and cash back services or bringing in additional income through side hustles, be patient and thoughtful in how you go about it and you will be debt-free in no time.

Bitcoin Trading Guide for Beginners – Read BEFORE You Trade BTC

There’s no hiding the fact that Bitcoin trading is becoming a very popular topic these days, but if you want to make money trading bitcoins, you need to understand how it actually works (and a whole lot of other things). You don’t want to just jump in blindly or you will greatly risk losing your investment.

Ok, let’s get to it…

How to Trade Bitcoin

[introduction knowledge for beginners]

The simple fact is that running a trading platform with some broker is NOT going to guarantee you any sort of return. Bitcoin isn’t really a derivative or asset, and thus you have to be EXTRA careful when/if you commit to its trading. So, it’s important to get some good tips on trading bitcoins for beginners before you get started.

There are basically two ways to trade Bitcoin – as there is with any other derivative – either through ownership (long) or with contracts (short). What you do is heavily dependent on your capital allocation, and how you wish to get involved with the market.

In other words, there are only so many ways to really effectively make money from the Bitcoin craze – and we will cover one of them in this tutorial.

In a nutshell, making money with Bitcoin comes down to 4 words – buy low, sell high.

Whilst you could argue this works for *any* profit-seeking venture, the case with the likes of Bitcoin is that it doesn’t have any revenue-generating potential of its own. This makes it quite a difficult proposition in terms of it being a long-term play… simply because its “price” is based entirely on what someone else will pay for it.

To this end, if you wish to delve into the interesting world of crypto trading (particularly with Bitcoin), you’ll need to ensure that you fully appreciate both the scope and scale of what you’re getting involved with!

Bitcoin Trading vs. Bitcoin Investing

I feel this is vital to bring up before getting too far into this post.

What we are discussing here is the trading of Bitcoins — as opposed to investing in Bitcoin. It’s very important to note that, while these are similar, they are two completely different things and should NOT be confused with each other!

Keep this in mind while reading this post and/or acting upon the information!

Investing in Bitcoin is often a long-term strategy and typically involves buying & holding with the expectation of future gains. This is usually referred to as “HODL” (hold on for dear life) if the cryptocurrency space. Therefore, BTC investors are not generally worried about price volatility on a day to day basis. They are in it for the long haul – so to speak.

In contrast, your typical Bitcoin trader is likely only staying in a trade for a relatively short amount of time – anywhere from a couple hours to a few months – generally speaking. Those who trade bitcoin are also usually very price-aware, as they strive for the best entry and exit points. Their goals are much more short-term and looking for smaller (but quicker) profits on a regular basis.

These are two very different strategies, so it is important to make sure you aren’t considering them one and the same. We are talking about bitcoin trading in this post — not investing.

Okay, now that we’ve gotten that out of the way, let’s get on with it…

The Truth About Bitcoin’s Profit Potential

The major reason most people are involved with BTC is because of the potential profit that can be earned by trading its “coins”. Stories of a new crop of “Bitcoin Millionaires” have become somewhat more resounding, especially as the “price” of the “coins” experienced substantial growth in the latter half of 2017…

Bitcoin Millionaire Growth Chart

The point here is that “HODL” is NOT a profit making strategy when you’re looking at trading BTC. You only make a profit when you SELL your BTC – hence the idea that you should “buy and hold” is an utterly ridiculous notion for a typical trader, although may (in certain circumstances) be of value.

I hate to say it, but if I am speaking objectively then I would say that ultimately Bitcoin is – at present – a borderline scam. It has many of the same traits as a ponzi scheme, it doesn’t have any redeemable “value” (in the sense of it holding an actual street price), and has a very narrow scope in terms of how well it can be used.

Furthermore, it’s almost ENTIRELY fueled by end-user demand. This is bad. Anyone in the financial industry should be able to attest that it’s the institutional money that determines the way in which a system may be profitable / hold value. Bitcoin has none of that, and has already been shunned by the majority of highly-valued investment banks.

So, in order to understand what the hype is about, you need to perceive exactly what Bitcoin actually does, and why it has any value at all. Why does its “coins” have prices, and what does it mean to “trade” them?

Let’s get to that…

Like most new technology, the market has completely misunderstood Bitcoin.

Rather than being entirely focused on the underlying technological value of the system, people have rushed to make it out to be some new infrastructure play that’s going to change the world. Whilst this *may* happen, it will be as a result of actually applying value to the market BEFORE trying other things.

The value of Bitcoin (right now) is solely as a transfer medium. Its ability to facilitate transactions with people in different countries, without any central provider, is the real value of the system.

Obviously, you’re transferring money – which is partly where the idea that BTC has any immediate value came from – but that doesn’t necessarily mean each coin is worth anything. The market became confused with the system calling itself a “currency” (or cryptocurrency).

The most important thing to realize is that if you’re looking at the BTC token as a means to provide yourself with a profit, its value lies in its transactability, NOT in the “value” that it stores. Without getting into technicalities, the system doesn’t store any intrinsic value; it only transfers it to others.

It’s a decentralized PAYMENT NETWORK, not an actual currency; so more a competitor to VISA / Mastercard as it is the USD – in a sense…

Bitcoin Trading Strategies

Thus, when you consider making a profit from BTC, you’re basically looking at how to make money from the purchase-and-sale of its coins to other people. As bad as it sounds, it’s something called the greater fool theory…

Greater Fool Theory of Investments

Greater fool theory simply states that if you buy a distressed asset at – WAY over its market value – then you’ll need to find a “greater fool” to buy it from you (to make any profit).

This is not – of course – my interpretation of Bitcoin. BTC has its own merits, BUT in a completely mercantile sense, it’s a shell game. You’re buying fictitious coins (which have NO merit in the real world) and trying to equate some sort of value to them. This is where many of the successful traders have won out.

As mentioned, there are now TWO ways to trade bitcoin – either by trading contracts on the coins or by trading the actual coins themselves (through ownership). Both are reliant on the “price” of the underlying asset increasing after you bought it…

If you are more conservative, and actually want to hold onto some of the coins in case they drop in value (or are holding for a long play), you’ll want to buy the coins with actual money. This is done through a cryptocurrency exchange (most likely CoinBase for beginners), and means you’ll have to put down a significant amount of capital in order to purchase the coins outright.
If you are less risk averse, you may wish to conduct derivative-based (day) trading, whereby you place orders with a broker, who will then give you a contract. This contract is what you’re really trading – allowing you to determine the best time / rate to sell at. This process is much faster, but also leaves you exposed in case of losses (since you don’t own the underlying assets, you get stung if they drop in value). Most brokers only operate with leverage (debt) too – something to be very careful of.

HOW you do this is entirely dependent on the desired outcome from the trading.

As mentioned, the broker based route to trade bitcoin is only really for more experienced traders (typically from the financial world proper) who may have spare capital to play with crypto.

Most retail traders choose to own the assets outright, as they provide a better level / rate of growth than the likes of a savings account. In either case, it’s capital management 101.

Steps To Trade…

At the core of it all, “trading” is the same regardless of whether you use the “exchange” or “broker” method. You’re placing a trade on an equity (in this case Bitcoin), and hoping that the price of the equity rises whilst you hold it. The difference lies in the method and time frame of the trade.

Entering a trade consists of buying a POSITION on the underlying asset. This can include complete ownership (it doesn’t matter) – what’s important is that you enter the trade at a particular point.
Exiting a trade consists of selling a POSITION on an underlying asset. This can be handled in various ways – but please understand that in order for a position to be successfully “sold”, it needs to have a buyer. This is why you cannot sell a position for [much] more than market rates.

To gain an idea as to how it works, please observe the image below…

BTC Trading Chart

This is the same guy who became a Bitcoin Millionaire in December 2017.

It shows his entry at around $3k, his exit at $15k… and – more importantly – a HEDGE that he placed on the price falling.

The hedge is what’s known as a short sale. This is done by taking out a buy contract with the broker for a future price on the asset. In the case of a short, the buy price needs to be LOWER than the current market value. This allows the trader to profit from the fall in spot price of the asset, whilst not losing any money in the ownership of the item.

Irrespective of this, please remember – the underlying way to profit from ANY market-based security is to buy low, sell high (or vice versa if you’re going short). This is essentially the core of all BTC transactions – the price gains being driven by a mix of consumer demand and market speculation.

To do this in a legitimate way, the following steps should give you an overview of how to do it in the two methods I mentioned above…

Determine Your Trading Method
You need a way to place entry positions (buy a commodity). To do this, you will either need to use a broker (such as IG Markets) or a cryptocurrency exchange such as Binance.
Take a Position
Once you have a platform, you need to use it. This is done by purchasing a position with BTC – which is either done by going through your broker, or exchange.
Wait
After you’ve done this, you need to wait. The price will either increase or decrease (I don’t know your trading strategy so how long you wait for is up to you) – once it hits the price you’re aiming for, sell it.
Repeat
After you’ve sold your position (hopefully for a profit), repeat.

Conclusion

As mentioned, it’s not rocket science to read a chart and place “bets” on differentiation’s in price for bitcoin trading. The real magic comes from being able to read wider macro-economic indicators and other trends, which could indicate growth / retraction in the price of the underlying asset. Using a cryptocurrency software can also be very helpful as long as you are choosing one that is legitimate and not falling for one of the many scams out there!

Whilst Bitcoin has gained notoriety among retail traders, the simple fact is that crypto is still a “poor mans” stock market. I love it and believe in it, and I think it has a very bright future, but right now that is the reality — if I’m being honest! There’s no underlying value in the “coins”, and the various people who are still promoting everything from ICO’s to BTC itself are mainly guided by their own self-interest and ideas of grandeur.

The fact is that – like with many other opportunities – it’s the early adopters who gain most.

Bitcoin may have technical use value, but this doesn’t necessarily translate into economic potency. This means that if you’re looking at getting the most out of the likes of Bitcoin – in terms of profit – you need to ensure you’re investing into the underlying “value” of the ecosystem, and not just the “coin” itself.

Frankly, checking charts every couple minutes and placing trades based on price alone is a loser’s game. Even if you make money, it’s going to be minimal. Rather, you need to be focused on identifying the “value” of the crypto market, and fueling / supporting that as best you can. The more of that you do, the more effective each of your investments will be.

Binance Review – Is This The Best Cryptocurrency Exchange?

This is our complete guide to Binance and a real review of the popular cryptocurrency exchange…

Right now the cryptocurrency industry has a lot of exchanges to choose from, with varying options, so choosing the best one is not a very easy task. Whether you are new to crypto or a battle tested veteran of the digital currency world, you want to make sure you are using the best platforms for you in order to make money from Bitcoin and other cryptocurrencies.

Binance is one such exchange that I am sure has come up many times in your research thus far. It has quickly gained huge popularity and has skyrocketed into the mix of the most well-known cryptocurrency exchanges on the market. Its meteoric rise is one big reason why so many people are skeptical about it, and are looking for more information on whether it is legitimate or not.

This is why I have decided to give my own Binance Review for you!

First off, let’s start with the basic question…

What is Binance?

It is an up-and-coming cryptocurrency exchange, which is popular for its crypto-to-crypto trading services, meaning that it does not facilitate fiat currencies. This allows the platform to work much more freely in the grand scheme of things.

Technically speaking, it is considered to be a Chinese digital asset exchange. However, it supports a number of languages such as; English, Chinese, Korean, Japanese, Mandarin, Russian, and more (they are adding others regularly). While this is a digital currency exchange that is very popular among Chinese investors – for obvious reasons – a large majority of its users are actually overseas clients, so it’s considered to be more of an international altcoin exchange.

While the company is still relatively new in the crypto space, it has started to gain popularity in the blockchain community thanks to its impressive number of coin listings, and also due to its incredibly low trading fees.

Although it’s still so new, the Binance exchange is already being discussed extensively as a great Bittrex alternative, and often said to be an even better option.

How the Binance Cryptocurrency Exchange Works

You first have to Register and Login. I’m sure you assume that much already. Creating an account is pretty simple and straightforward so I’m going to get into detail on that. You can find the links to register and login at the top of the site on the right side. Just enter your information and follow the on-screen instructions.

Once you are inside, you will notice that the platform offers two options for digital currency trading platforms — basic and advanced.

There aren’t really a whole lot of major differences between the two options other than the advanced view offers more in-depth & detailed technical analysis. Therefore, I will mainly be discussing the basic trading option in this post, since that is the one I think most people will likely be using and the differences are not huge anyway.

Now, I will say that it’s not a very user friendly platform in general. That is one big negative for me. Even the “basic” view is actually somewhat complex and a bit scary when you are just getting started.

It’s quite clear that Binance was not originally created for the newbies or casual crypto investors. However, if you have a bit of experience in cryptocurrencies and some knowledge of how exchanges work, you shouldn’t have much trouble. Even if you are a total beginner, it’s not impossible to figure out, it will just take a little more time and patience.

The main dashboard includes several graphs and charts for the pairs that you are trading, order books, and trade history. There’s also a depth chart that you can view in a separate tab.

In order to start trading, you will need to fund your account. Click on the “Deposits/Withdrawals” link located under the “Funds” tab to begin the funding process.

Then, on the Deposits/Withdrawals page, choose the currency you would like to fund your account with, and click deposit. You are provided with a wallet address to send your funds. It’s relatively easy to do.

One thing to keep in mind is that Binance is a cryptocurrency exchange only, which means you are not able to load your account with fiat currency (regular money). You can only deposit cryptocurrencies.

In my opinion, you should use either Bitcoin or Ethereum to fund your account (at least to start) because those are the two most popular and they have the most trading pairs. This will give you more flexibility in trading.

Now that your account is funded — the party begins — you can start investing!

Trading Fees on Binance

In a space that is THIS competitive, the Binance fee structure is revolutionary! Their team has done the equivalent of bringing a bazooka to a fist fight and is destroying their competition.

At the time of writing, they currently charge a flat fee of 0.1% on every trade. For exchanges that don’t use a fee schedule, I don’t recall ever seeing a lower fee than this. Which makes it extremely enticing for any trader who doesn’t need immediate liquidation into a fiat currency.

The low Binance fee substantially undercuts virtually all of the other major exchanges, which can charge upwards of 0.2% on some of them. That’s an unbelievable difference if you are working with large orders, and even enough to be noticeable for the small time traders.

Also, what makes their fee structure even better, is that if you pay using their own coin (BNB), you will receive a 50% discount on the trading fee, thus bringing it down to 0.05%. I can’t say for sure, as I don’t know the details of EVERY exchange, but I think this gives Binance the trophy for the lowest fees in the industry!

Supported Cryptocurrencies

One thing that Binance gets praised for is its impressive selection of coins! And I must agree, it is quite extensive.

You can use the platform for trading multiple digital currencies which includes; Bitcoin, LiteCoin, Ethereum, Dash, Ripple, EOS, BCH, NEO, and many more. Most major altcoins are in there. Binance has somewhere around 100 coins available at any given time as well as numerous tokens as part of ICO’s.

They are really quick on adding new coins & tokens after their ICO launches, which often means you can get them relatively cheap, and allows for earning greater profits in time.

All-in-all, I would give their crypto selection a huge thumbs up!

Binance Security and Company Trust

While Binance is one of the newest major exchanges in the industry, there’s a lot to love about it, and many big time traders are very upbeat about the site. It generally gets huge praises from its user base, and has quickly attained a high level of trust in the digital currency community, who seem to predominantly love it. I’ve increasingly seen it touted as a better alternative to Bittrex — which is among the most well-known, established, and trusted exchanges out there.

There’s little doubt Binance is run by group of reputable developers with access to abundant resources and partners. They’ve also received backing from some very high profile and influential people in the world of digital currency. This is not always a good thing, but I’d say it’s typically a positive sign.

Also, the CEO has an impressive resume with years of experience in crypto-currency. Before joining Binance, he was the Head of Development at Blockchain, Co-founder and CTO of OKCoin, and the Founder and CEO of BijieTech. That has to count for something.

Generally speaking, I do personally believe the company is legit, trustworthy, and secure. However, I also think they fail to provide users with enough information on how the funds are being secured, which always makes me nervous that it may not be being taken as seriously as I would like.

Customer Support

I’d say they do a “good enough” job when it comes to customer support. Not great, but not too disappointing either. They are on par with most major trading exchanges as I’m not sure of any that are highly regarded for their amazing support. It’s sort of the standard of the industry. Not great for users but it is what it is.

Final Review: Is Binance a Legitimate Cryptocurrency Exchange?

While it is, in my opinion, not the most user-friendly digital currency exchange available online, it does offer super low fees, a plethora of currencies for trading, decent support, and an abundance of testimonials from its user base. I’ve also personally had a mostly positive experience with it myself with nothing of significance to report as a negative remark, and it has certainly been as good or better than all the other cryptocurrency exchanges I use (and there a plenty of them).

Their low fees, responsive exchange, large selection, and team with a proven track record leave most people excited. This is why binance has largely been considered a success in its somewhat short lifespan thus far. Another bonus for me is that they have a great crypto affiliate program that pays quite generously for referrals so it’s an added way to make money with Binance.

I’m confident that it is 100% legit, even if it’s not perfect, and I believe the vast majority of users would absolutely agree with me!

Do I recommend Binance?

When I combine everything I know from research and personal experience, and then look at Binance objectively, I can’t deny that the pros far outweigh the cons. This is more than can be said for many of their competitors.

Therefore, YES, I would say overall my binance review is overwhelmingly positive. I am confident in recommending it and have added it to the top of my list of the best cryptocurrency exchanges. Click here to sign up now.