Did you know that you could buy your favorite frap from Starbucks with bitcoin when you sign up for a BitPay card? A cup of much-needed caffeination isn’t the only thing you can get with cryptocurrency.
You can also use it to pay for your fast food order. While the number of large purchases you can make with cryptocurrency is a little lacking, you can use it to get yourself a car.
Before you can begin making everyday purchases with your digital wallet, you will need to find a way to earn bitcoin. Keep reading to learn how to get started.
1. Play Online or Mobile Games
If you’re looking for a fun and easy way to get bitcoins, pick up your phone or laptop. There are tons of entertaining play-to-earn games that will allow you to win actual cryptocurrency.
The only downside to playing these games is that you’ll have to deal with a lot of advertisements. If you don’t want the hassle to get in the way of your fun, consider joining a bitcoin casino. You’ll get to earn digital currency while playing all your favorite traditional casino games and have the potential to win a higher payout than you would with mobile games.
An airdrop is when a blockchain company gives out cryptocurrency for free. These drops happen for one of two reasons. Either the business is trying to attract consumer attention for a project they’re working on, or they want to incentivize their target audience to hold a particular type of digital currency.
The most common way for companies to distribute funds is to simply drop them into the accounts of qualifying users. Another way they go about it is by holding contests and giveaways via social media.
3. Crypto Giveaways
Entering crypto giveaways is simple and fast. The only thing you have to do is provide your digital wallet information (or email address) and wait to find out if you won or not.
Sometimes giveaways have special stipulations. To qualify, you may have to follow a company’s Facebook page or react/comment on a post.
There are dangers with entering social media contests. Scammers take on the personas of legit companies and post fake giveaways. Once you hand over your wallet details, they’ll have unlimited access to your digital funds.
The best way to avoid these scammers is to do your research. Only plug your personal information into sites that you know you can trust.
4. Cashback Rewards
If you do a lot of online shopping, cashback rewards will be your best friend. Let’s say that you spend $150 on clothes. If the boutique is a participating merchant, about $15 of that money will be returned to you.
While $15 isn’t anything groundbreaking, depending on how often you shop, it can add up fast.
There are a few ways you can get started with cashback rewards. You can join an exchange program such as CoinBase. You can open an account with a credit card company that offers digital bonuses with every purchase.
If you tend to shop on your laptop, there are web extensions that will allow you to earn cashback when you buy from participating websites.
No matter what method(s) you choose, your digital funds should appear in your wallet after you sign up and link your debit card to your crypto address.
5. Write About Cryptocurrency
Do you have a lot of knowledge of the crypto market? Now is your time to shine and make a little income.
Some Cryptocurrency blogs and news outlets will pay you in bitcoin to write for them. There are certain sites that don’t even require you to publish content with them to earn cryptocurrency. They’ll pay you for simply taking the time to read their content.
6. Do Odd Jobs
Do you find yourself having a little extra time on your hands at the end of the day? Use the gap in your schedule to make money with bitcoin.
Some companies will pay you in cryptocurrency to do a few odd jobs for them. In most cases, all you have to do is try out their products or take a survey.
Other businesses ask questions and give bitcoins to the users who can provide the best answers. Some will require you to retweet one of their posts. If you’re interested in performing some of these quick odd jobs, check here to learn more.
7. Crypto Mining
Crypto mining is the process of creating new cryptocurrencies. People who mine these currencies get a small portion for their trouble.
You can start your crypto-mining adventure by joining in on a solo or group mine. It’s recommended to go with the latter because you can combine your resources with other miners and double your chances of success.
Whatever option you choose, you’re going to need to pick up some equipment first. Most mining software is free.
Where you’re going to spend the most money is the hardware. You’ll have to buy a powerful computer in order to run it. While you may be able to earn this money back with your bitcoin mining ventures, it will take years to do so.
Easy Ways to Earn Bitcoin
You can use cryptocurrency to make a variety of purchases, from airline tickets to pizza. Before you can start buying items with your digital wallet, you’ll have to find a way to earn bitcoin.
As you can see, it can be as easy as doing a few surveys online, playing mobile games, or taking part in a contest.
To learn more about trading bitcoin and stay up to date with the crypto market, visit the Blockchain section of our blog.