As the holidays approach, there may be a chance to make a profit and make December on hold. Despite the ups and downs of cryptocurrency, young Nigerians have embraced cryptocurrencies. Although, due to fluctuating prices, coin-based scams, and influencer-driven misinformation, the desire for profit should be pursued with caution.
Losses due to DeFi attacks have totaled $ 12 billion so far in 2021, according to Elliptic, a company that tracks the movement of funds on digital ledgers that support cryptocurrencies. Fraud and theft accounted for $ 10.5 billion of this total, seven times more than the previous year.
There are numerous options to consider, and determining the best course of action is not always simple and can result in financial losses. If you are still interested in making money using cryptocurrencies, there are several options available.
Micro-jobs
If you have been looking for ways to make money using Bitcoin on the internet. This is a safe way to acquire BTC that few people will tell you about. If you see an ad or click a link to a page with ads, various PTC websites will pay you fractions of BTC.
Keep in mind, however, that producing significant money in this way is a difficult and time-consuming endeavor. These sites are a great way to make a quick buck if you're ready to put in the effort. If you are interested in learning how to make money using bitcoin, visit services like Coinpayu Y adBTC
Another site that pays you a modest amount to do simple things like watch a YouTube video or complete a survey is Microworkers. These PTC sites have Bitcoin analogues, such as BitcoinGet Y CoinTasker, where members can choose from thousands of tasks to perform in exchange for Bitcoin.
Play to win games
You can earn money and have a great time at the same time! This Christmas season. Satoshis are delivered in Bitcoin games to play to win like Bitcoin Alien Run and Sparkprofit. Bitcoin games are probably more entertaining than completing a survey, even though they require more effort than microtasks.
Cryptocurrency deeds
Cryptocurrency is a new area and only a few writers really know about it. This implies that the market is flooded with inexperienced copywriters who recycle content.
Why not try teaching the public if you want to learn how to make money from bitcoin and have prior experience in writing encryption? Various websites, such as Cryptocurrency News and Bitcoin Magazine, will pay you to write about Bitcoin. Many freelance websites are also available, such as Upwork and Freelancer.
Bitcoin taps
For people who enjoy reading ads and taking surveys, Bitcoin taps can help you earn a substantial amount of cryptocurrency.
Bitcoin taps are reward systems that pay modest amounts of BTC to anyone who performs simple tasks such as viewing advertisements or completing questionnaires. Some are even available as minigames!
Binary trading
Binary trading has been around for a long time in the financial industry. It was only a matter of time until it appeared in the realm of cryptocurrencies. This is a wonderful alternative if you are still looking for the right technique to generate money using Bitcoin.
Binary options, as the name implies, have only two possibilities: a trader buys an option and a time limit for it to expire. Is "in the money โorโ out of the money โ on trade. Basically, you are betting on the direction of the price.
At 2 p.m. M., For example, the price of BTC is 50,000 USD; at 10 p.m. M., You can bet that the price will be higher or lower. If you bet that the price will go up and it does, you will receive a percentage of your investment. However, if it is less, you will lose money. If, on the other hand, you bet that the price will go down and it does, you will receive the reward of the option. This is a difficult way to generate BTC, but if you invest well, you can make a lot of money quickly.
Bug bounties
Bug bounties could be the answer if you want to make money from Bitcoin and you are a code wizard. Many software developers and organizations offer these incentives in exchange for finding exploits and vulnerabilities in their systems. Many bitcoin exchanges and peer-to-peer markets have similar schemes to help their clients improve their systems.
Review the Paxful bug bounty program If you are interested in contributing to a program like this, please help us make the platform a safer place for everyone.
