Now days there are many ways to earn money online. Many people earn lakhs of money online. If you have your own youtube channel or website, then by Adsense you can earn a lot more money. Beside this, there are many more ways of online earning, Bitcoin is one such way used for earning money.
If you are willing to earn money online then, Bitcoin can be one of the best option for you. Bitcoin is similar to currencies such as a Rupee or a Dollar, but it cannot be felt or seen. It is just on internet. So friends, let me give you full information and knowledge about Bitcoin. What exactly it is and how does it work? How money can be earned by Bitcoin?
What is Bitcoin?
Friends, Bitcoin is a digital currency, which cannot be felt or visualized but you can store the same. Bitcoin was invented by Satoshi Nakamoto in the year 2008. At that time, the value of bitcoin was less than the value of 1 Indian Rupee but today the value of Bitcoin is $3854.77 which when converted to Indian Rupee equals to ₹252882.15.
By looking at its value, You can estimate the demand of bitcoin being raised extremely. Just like 1 Rupee equals to 100 paise, 1 bitcoin equals to 100,000,000 satoshis. Satoshi name comes from the founder of Bitcoin Satoshi Nakamoto.
Bitcoin is an open source which is not controlled by any organization or company.And there is no control on this currency by any government that’s why even hackers can use the bitcoins in hacking.You might have heard about a recent cyber attack named Ransom wanacry virus, Bitcoin was used in this attack. Bacause transaction done using Bitcoin does not specify the sender and receiver of the digital currency.
By purchasing Bitcoin and selling it, You can earn a lot more money. The value of bitcoin can rise or fall sometimes. Bitcoin is similar to Share market. Which can be stored and sold while you receive higher profits.
How to earn money by using Bitcoin?
Basically, you can earn money by 3 ways!
But the most preferred is to buy and sell the bitcoins.
1st way: To buy and sell Bitcoin:
If you have money, you can invest in bitcoin. You can buy the bitcoins. The value of Bitcoins keeps on raising. if its value rises, you can sell them and earn money.
You purchased a Bitcoin and its value is $2834. and after some days it’s value rises to $3000. You can sell the bitcoin and earn $166. It works in a way similar to share market. This is the best way to earn Bitcoin.
2. Sell the products and get the payments in the form of Bitcoins:
The another way is if you want to sell some products online, you can sell them and get the payment by modes of bitcoin and when the value of Bitcoin rises, you can sell the bitcoins.
3. Bitcoin mining:
One more methods to earn money using bitcoin is when anyone performs a transaction of bitcoin, he is asked to verify, and this verification is math type which cannot be verified by the one who is doing the transaction So he verify the Bitcoin by some other person giving them the commission. You can also earn money by doing such verification and earning the commissions. But for the process of verification you require a computer with higher processors.
The ones who earn by calculations of bitcoins are known as mining.
From where to buy and sell the Bitcoins?
There are many websites and applications available which buy and sell the bitcoins. But if you want to buy and sell Bitcoins in India, then Zebpay Bitcoin Wallet is best. On zebpay, You can easily buy and sell the Bitcoins.
By using this code, You will get 100 Bitcoins for free after completing your first transaction.
So if you want to invest your money online, Bitcoin is the best option.But there is an advice for you – invest only that much amount of money which even if lost, does not affect your work intensely, because it cannot be said when the value of bitcoins will raise or fall. So if you want to invest, invest for a longer period of time.
Bitcoin rate graph: This is the Bitcoin rate graph.Here you can see the rate of Bitcoins, in accordance with the Indian rupee.
I hope that above information might be useful for you and you might have understood about the Bitcoin, How it works and How money can be earned using Bitcoin.If you have any doubts regarding Bitcoin, you can ask the queries in the form of comments.