How to earn money on Bitcoin exchange? Bitcoin market, BitBay

The reaction to this question may seems plain – buy Bitcoins and sell them with a profit. However, there are some useful tips on how to commence earning.

How to become an possessor of a digital currency?

The easiest way is to buy it on the exchange. Keep up with news about current economic and political events, go after blogs and Facebook groups about Bitcoin, like our fanpage or news, to find the right uur to buy the coins at the best rate for you.

Another way is to execute a transaction te Bitcoins. It can be a sale of the goods or services suggested by us, for which wij will accept the charge ter digital coins.

Our exchange also offers commission from the affiliate program. For every sale or purchase made by an user registered by your referral listig, you will receive 20% of the commission te the currency te which the transaction wasgoed executed. Read more here.

Until recently, it wasgoed possible to lend your own laptop to share computational power. Unluckily at this point, you have to have truly good skill of how to do it, and a regular laptop is not enough. This is commonly called “mining”, and the equipment is used for lending computational power and helps solve ingewikkeld cryptographic equations that are responsible, for example, for secure and encrypted transfer.

Buying the mining equipment is an investment of about 15,000 dollars. There are also online solutions for which you can rent such equipment, but wij do not recommend that to beginners.

Long-term ownership of Bitcoin

Bitcoins appeared on the market ter 2009. Then for 1 dollar you could get inbetween 700 and 1600 coins. Ter May 2010, Bitcoin made a remarkable overeenkomst. For Ten,000 coins (worth about $ 30) two pizzas were purchased. Ter October 2018 the value of this digital currency reached 6 000 dollars.

It is worth to go after Bitcoin’s upward or downward trend to be able to consciously determine whether to sell or keep our coins.

Speculation at the exchange

This is most likely the quickest and easiest way to make money using digital currency. Just like the regular exchange, Bitcoin trading requires low cost purchases and sales during the price increase. To commence trading, you have to set up an exchange account and then deposit yours funds into it. Check how to do it here. Once you have set up your account, you can monitor the trading market te your panel. It is worth remembering that te the case of digital currencies, all transactions are explicit and anonymous.

Wij do not have to limit our Bitcoins sell to fiat currency (EUR, USD, PLN). Wij can also monitor the behavior of other digital currencies (such spil ETH, LSK, or BCC) and earn on their course switches.

Related movie: How Does Blockchain Work

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