The Ultimate Guide on How to Earn Bitcoins Online
What’s the question on everyone’s lips at the moment? Yes, you’ve guessed it: how do I earn some bitcoins? With the price of a single bitcoin hitting new highs in 2017, the rush to jump on the BTC bandwagon has become more intense than ever before. Naturally, at Bitcasino we’ve been in the business a long time and our players have always been ahead of the curve when it comes to cryptocurrencies, betting and everything else in between.
However, we know that people find things at different times – and that’s why we’ve created this guide. Because we’re keen to get as many people into the world of bitcoin betting as possible, it’s worth our time showing you how to earn bitcoins. Naturally, we’ve got our own little ways of helping you build up a BTC bankroll, but we’re also not afraid to show you other ways of making some money. Indeed, we know what’s good for you is good for us in the long run.
So, if you’re one of the many who now want to know the easiest ways to earn bitcoins, come with us as we take you through the nuances of the industry.
The Best Ways to Earn Bitcoins Online
Those that are technically minded and either have the necessary equipment or are prepared to buy it may want to consider mining bitcoins. If you’re looking at how to earn bitcoins in the most lucrative way possible, mining is one of your best options. In simple terms, bitcoin mining involves computers working to process and verify blocks of transactions. Because the process is complex and requires certain problems to be solved, the computer/system that verifies the block first receives a reward. This reward is a bitcoin payment.
In practice, mining is a fairly hands-off way of earning bitcoins. However, you will need some specialist equipment that requires an initial investment. Moreover, because bitcoin is now a valuable asset, there’s a lot of competition. Because of this, an average user or bitcoin enthusiast won’t be able to compete and earn the rewards available. So, while earning bitcoins through mining might be a fairly lucrative way to do things, it’s not really viable for most people.
Everyone likes getting something for nothing and, while bitcoin faucets don’t technically give you something for free, the payments are about as close as you can get. When you visit a bitcoin faucet, you’ll be asked to complete a simple task. Now, depending on the site in question, this task could be something like clicking an advert, solving a basic puzzle or reading a book. Whatever it is, the end result is always the same: You’ll be given a reward. Unfortunately, these rewards are nowhere near as lucrative as the ones handed out to miners. Indeed, while a miner might receive one or more bitcoins, a faucet user will receive maybe 100 or 1,000 satoshis.
What’s a satoshi, you ask? A satoshi is a tiny fraction of a bitcoin. To be precise, it’s a hundredth of a millionth of a single bitcoin. Yes, that’s an extremely small reward, but you have to remember that the effort you’ve put in will almost be trivial and the process to earn a few satoshis on a faucet typically takes seconds. Although you won’t be able to earn hundreds of bitcoins using a faucet, you can use them to get the ball rolling.
Instead of receiving your monthly wages in your native currency, it may be possible to request bitcoin payments. Unsurprisingly, the willingness of employers to embrace this new method of paying people doesn’t match the media hype surrounding cryptocurrencies. However, it is possible and, in the future, it will most likely be standard practice. In fact, evidence of this gradual shift towards people being paid with bitcoin made the news in 2013 courtesy of a Kentucky Police Chief. Even school teachers are being paid in crypto as after school tutors, just one more way for them to earn money by becoming a tutor.
Sensing a shift in the way the currency world was moving, US policeman Tony Vaughn requested his monthly salary in bitcoin. With his resident town, Vicco, having recently set up up a bitcoin account, Vaughn asked Major Johnny Cummings if it was ok. After reviewing the request, Cummings agreed and the transaction was set. To mark the occasion and to help those in need, both Vaughn and Cummings agreed to donate their first bitcoin payments to a local charity.
If you’re a Bitcasino player, it’s obvious how to earn bitcoins: pick up some bonuses. Put simply, every time you make a move online with us, you have the opportunity to get something extra. For example, when you make your first deposit, you’ll receive a 100% deposit match worth up to m฿ 1,000. You can follow this up with a second deposit bonus worth an additional m฿ 1,000 before scooping a series of ongoing reload rewards and offers.
As well as earning money for your deposits, you can become a Bitcasino VIP and get something back based on your betting activity. Although we don’t make everyone a VIP, we do value loyalty which is why even our small stakes players have the chance joining our special club. OK, but does this really address the question of how to earn bitcoins? Well, because our bonuses have wagering conditions, you will have to do some work to realise their true potential.
Even though we’d like to give everyone something for nothing, this really isn’t possible. In fact, if we did do that, you’d probably find a small number of players would abuse the system and ruin it for everybody. So, to ensure everything is fair and you always get a good deal, we’ll ask you to place some real money bets before you can withdraw any bonus funds. In practice, the standard playthrough is 35x and slots play is given a 100% weighting, which means you can spin through your target fairly quickly.
Linked to bitcoin bonuses is the idea that placing bets can earn you some credits. Think about it this way, if you place a bet of m฿ 10 on a roulette board and your number comes in, you’ll win 35:1 on your investment. This, in many ways, is what a trader of stocks and shares is doing. However, instead of playing the odds on a roulette board or blackjack table, the trader is sizing up the commodities markets and making predictions based on a different set of variables.
When you consider bitcoin betting in this light, it’s possible to say that every move you make it another chance to earn a return on your investment. Sure, there is a chance you could lose your bet. However, whenever you earn anything, something is lost. For example, when you go to your day job, you’re exchanging time and effort for money. At least when you try to earn bitcoins by betting, you’re having fun with your time and, potentially, reaping some huge rewards at the end of it.
Yes, if you asked 100 people to tell you how to earn bitcoins, only a few of them would say betting. However, it’s a legitimate strategy and, as you’d expect, one we’d suggest.
If you love the concept of bitcoin betting and cryptocurrencies casinos, we have another way for you to earn some credits. Becoming a Bitcasino affiliate gives you the chance to earn revenue each time one of your contacts places a bet. To put it another way, when you bring players to us using a special link, we’ll give you a share of the money they spend each month.
We won’t go into all the finer details of the system right now (you can find more information on our site and in other blog posts), but the basic premise is this:
- Tier 1 = Bring us 0 players to receive 25% commission
- Tier 2 = Bring us 4-10 players to receive 30% commission
- Tier 3 = Bring us 11-30 players to receive 35% commission
- Tier 4 = Bring us 31-50 players to receive 40% commission
- Tier 5 = Bring us 51-100 players to receive 45% commission
- Tier 6 = Bring us 101 or more to receive 50% commission
As you can see, the more players you convince to bet with us, the larger your cut of their monthly spend will be.
Once You Know How to Earn Bitcoins, What’s Next?
Right, so now you know how to earn bitcoins online, what’s next? Well, the obvious answer is to spend them. As more and more industries embrace the power of cryptocurrencies, the number of places to spend your credits is increasing. Indeed, if you scan the internet today, you’ll find all many of things you can buy with bitcoin. To give you an idea of what’s out there, here’s a quick list of options:
- Computer games
- Electrical items
- Beer and coffee
- Internet services and more
Of course, there’s one major omission from that list. Can you guess what it is? Yes, you’re right, it’s casino gaming. Once you become a member of our site, you’ll be able to use bitcoin to play all manner of casino games. In fact, unlike other sites that have made an attempt to join the cryptocurrency movement, we don’t simply offer BTC deposits and withdrawals.
When you become part of our community, you’ll be able to pay, play and more with bitcoin. The benefit of this is that you never have to worry about your security, currency conversion charges or whether you’ve got the right currency for our games. On top of being 100% crypto, we also offer one of the largest selections of casino games online. By using a variety of software suppliers, including NetEnt and Ezugi, we’re able to offer you more than 1,300 games. If that’s not enough, we’ve also got a sister site that spreads thousands of sports betting opportunities every week and our own lotto draws.
Using your bitcoins to bet with us
Basically, if you’re looking for a combination of excitement, entertainment and variety, you’ve come to the right place. In fact, you can have all of this and not have to worry about making a profit. Sure, it’s nice to turn a small investment into something more substantial through a few clever bets, but it’s not the be all and end all. When you join us, we make sure that everyone has a good time, regardless of what they spend, the games they play or how their luck is running. That, in our opinion, is the reason you should consider spending your bitcoin with us. After all, you’ve taken the time to learn how to earn bitcoins and you’ve put in the necessary work to realise your goals, so why not enjoy it.
So, with this in mind, we’ll leave you with a quick overview of how you can become a Bitcasino.io member and enjoy our games for real money:
Step 1: Navigate to our homepage and click the sign-up button.
Step 2: Input your personal details, including your date of birth to confirm you’re at least 18-years-old.
Step 3: Verify your account and then head to the cashier page.
Step 4: Use the “buy bitcoins” option to find an exchange and convert some of your native currency to bitcoin if you don’t already have some funds online.
Step 5: Once you’ve used a recommended exchange or you’ve accessed your existing funds, select the “deposit” option on your account page to reveal our bitcoin wallet address.
Step 6: Copy our address and enter it, along with the amount you wish to deposit, inside your bitcoin wallet.
Step 7: Wait for a few seconds and your funds should appear in your Bitcasino account.
Step 8: Click on the “casino” option, scroll through our lobby and press “play” on a game that takes your fancy.
Overall, once you know how to earn bitcoins and you follow the steps above, you’ll find plenty of ways to have some serious fun in the cryptocurrency world. We’re looking forward to having you with us.