How to Make Money Online With Cryptocurrency Bitcoin

Introduction:

Can I tell you about the rarest type of money, which cannot be printed by the Government, and banks are unable to control it? Imagine owning a piece of the future. Well, I am talking about Bitcoin, and it is a digital currency that was created back in 2009. This currency has a unique acceptance worldwide, and it has the potential to change your destiny, too. Here, we will see how to make money with Bitcoin cryptocurrency online at any age and from anywhere across the globe.

Experts call it digital gold because it is very rare. Its maximum amount limit is only 21 million Bitcoin. Somehow, it is better than gold because we can send it anywhere, anytime, in seconds and with a few clicks. You will definitely enjoy reading this article on how to make money online with cryptocurrency Bitcoin.

How to make money online with cryptocurrency Bitcoin

Here are a few things that make Bitcoin very unique:

• It is Decentralized:

Bitcoin operates on a global network of computers known as the blockchain. No one in this world controls it or prints it. This means that it is completely yours and no one can freeze or block your account or your payments.

• Very much Safe:

This technology is highly secure. Some studies from Chainanalysis show that fraud rates in Cryptocurrency are falling as regulations improve.

• The Digital Gold:

Bloomberg experts call Bitcoin the Gold of the Digital Age. Similarly, the Fidelity experts also said the very same. Bitcoin grows in value over time just like gold does. Many experts believe that one day Bitcoin could replace Gold.

• Currency of the Future:

Do you know that El Salvador uses Bitcoin as a legal currency? Many other companies like Microsoft, Tesla and PayPal accept this legendary currency, Bitcoin.

How to make money with Bitcoin:

A beginner can simply buy some part of Bitcoin, and then they can learn more about it, and it will increase their wealth while they are learning. A person above person can do the following things to make money online with Bitcoin at any age:

• Buy Bitcoin at a low price and sell at a high then repeat the process as it is a volatile market.
• Earn Bitcoin for freelance work.
• Practice Staking to grow income.

Bitcoin is not just for tech experts or professionals. Anyone from this planet Earth can make money online with Bitcoin with the right Knowledge. You came to the right place because we are going to teach you the right knowledge here.

Disclaimer:

We are very excited to guide you through Bitcoin, but your safety is our top priority. Please understand that we can tell you how you can make money online with cryptocurrency, but we are not Financial Advisors. We are just educators, and we will be happy if some of our users get high profits. While we write every article based on trusted sources like Bloomberg, Fidelity and Chainalysis, the crypto world changes fast. This means our careful analysis might not always perfectly predict these market shifts. Always verify the provided information by yourself before jumping into this market.

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All you need to make Money Online with Cryptocurrency Bitcoin:

Don’t worry, we are not going to provide you with a list of too many things. You will only need:

• Internet Connection.
• Mobile phone or Computer.
• Positive mindset.
• Consistency.

Get access to Bitcoin to make Money:

To make money with cryptocurrency Bitcoin online, you will need a trusted platform to buy, sell and manage your asset in Bitcoin. They must be secure and open 24/7. You will find a lot of platforms/exchanges, but we are going to recommend the following three exchanges/platforms after our thorough research to start your journey with.

• Binance:

Binance is a famous and most trusted platform for beginners to start their journey of making money online with Bitcoin. It is also recommended for advanced traders. This exchange handles $18+ billion in daily trades. Moreover, it has ultra-low fees, I.e, 0.1% per trade. This exchange supports more than 350 coins.

• Bitget:

Another trusted exchange on the list is Bitget. This platform is best for beginner traders as well as advanced traders to make money with cryptocurrency online. It offers literally zero fees on Bitcoin spot trades, but these offers are limited-time offers. Moreover, it offers $10 welcome bonus to new users.

• KuCoin:

Our third recommended exchange to access Bitcoin is KuCoin. This exchange serves 200+ countries. This is a trusted and secure platform. Moreover, it has no mandatory KYC for small traders.

Create Your Account on the Exchange:

Here comes one of the most important stages of the journey. Creating the account on the exchange. Opening an account on the exchange is like claiming your seat in the global economy of Bitcoin. The good news is that a new user can complete this step within 10 minutes on average. Let’s see how we can do it:

• Visit the official site or download the app:

Research says that 92% of the scams start with fake links (Chainalysis). Always double-check the URLs!

• Sign Up:

Use your primary email to sign up for the account on the selected exchange. Do not use disposable emails. Then create a 12+ character password that includes numbers, letters, special symbols and uppercase/lowercase letters.

• Verify your Email:

After completing above mentioned step, click the confirmation link that you will receive in your email inbox to confirm your email. Do this within 15 to 20 minutes because the confirmation link expires within this time.

• Pro Tip:

The best time to open your account was one year ago, and the second-best time to do this is today. Start with no-KYC to trade instantly. This can be upgraded later in order to make the limits higher.

Deposit the Funds into Your Account:

Now you will need to add a few bucks to your account to start the journey. Some research by CoinGate tells that 87% of the first-time deposits under $500 clear within 10 minutes if you are using the modern payment methods. Now we are going to provide you with information on how you can do it:

• Log in to your account and navigate to “Deposit”:

In cryptocurrency, you have to buy a stablecoin to start with. You can purchase USDT for this. You can find the deposit option under Wallet or Assets on your exchange dashboard.

• Select Deposit Method:

You will find a variety of options here, I.e, Bank transfer. This is best for large transactions, but it takes a long time. Credit/Debit card offers instant transactions, and we will recommend this method.

• Enter Deposit Amount:

We recommend you start from a small amount, around $25 to $100, according to your pocket. You can increase this amount if you want. Normally, data shows that new users usually deposit an average of $89.

• Confirm and complete security checks:

Now you have to verify with your email/2FA. After completing this step, you will see your USDT in the wallet section.

Read the Charts:

Reading the charts is again one of the most important steps in making money with Bitcoin. Research shows that traders who can understand basic chart analysis can earn 23% more on average than those traders who don’t understand it. Chart reading requires a deep understanding, and professionals can read the charts properly. As far as beginners are concerned, they can start chart reading by watching some authentic videos available on YouTube. A beginner must set goals to master this art, as this is very important for success. Four essential chart elements are:

• Time frames.
• Support and Resistance.
• Trend lines.
• Volume Bars.

You can see Candle movements clearly, also many other advanced-level things there, and after mastering the charts reading art, you can achieve high success in your trades.

Basic Technical Analysis:

Do you know that Technical Analysis is considered the backbone of profit in Bitcoin trading? Technical Analysis helps us in predicting the next possible move of Bitcoin or any other coins by studying historical patterns. This is another important step in making money online with cryptocurrency. This is a huge and complex topic, but don’t worry we will simplify it for you here.

You must use three indicators as a beginner, and these are:

• Moving Averages (MA):

This is a simple indicator, but it is an important indicator in finding the next possible move of the market. Research shows that this indicator has over 68% accuracy for the 1-week forecast. You can watch a tutorial on its settings to understand it better.

• Relative Strength Index (RSI):

RSI is another important indicator that helps us in predicting the market’s next move. This indicator measures overbought or oversold conditions of any coin. A beginner can use it effectively. If its reading is below 30, it means that the coin is oversold and it is a good buying opportunity. If the reading is above 70, it means that the coin is oversold and you must sell because it indicates that the market is going down from there.

• MACD (Moving Average Convergence Divergence):

Research shows that 74% of pro traders use MACD for their daily trades. MACD is another beginner-friendly indicator that tracks momentum via two lines. If its MACD line crosses above the Signal line, it means that the price is going up, and it is a good time to buy Bitcoin to make money with Bitcoin. If the MACD line crosses below the signal line, it means that the market is going to crash, and the price of the coin may fall, so make sure to sell at this point and exit the trade and enjoy your profit.

This is enough for the beginners, and with the passage of time, we will add more things to facilitate our newcomers.

Place a Buying Order for Bitcoin:

In order to place the buying order, you have to do the following things:

• Go to the trade section and select Spot trading.
• Select the Bitcoin pair BTC/USDT.
• Add the amount of BTC you want to buy.
• Click Buy BTC to confirm buying.

That’s all. With these few clicks, you can buy your Bitcoin and can easily make money with Bitcoin.

Secure your Bitcoin with a Digital Wallet:

This is an interesting step in the whole process. Some digital wallets are more secure for keeping your assets in them. Although you can keep all the BTC on the exchange but professional traders usually use digital wallets in order to keep their assets in self-custody. Digital wallets have a nearly zero breach rate. Software wallets are free and user-friendly. You can also buy hardware wallets if needed. Some trusted and authentic software wallets are mentioned below:

• Metamask wallet.
• Trust wallet.

Determining the Optimal Time to Sell Your Bitcoin:

This step is related to human psychology. Research shows that 23% traders bear a loss just because of greed. Greed is the biggest enemy of a trader. You must use the following tactics to get fruitful results:

• The 20/10 Rule:

You must set a +20% profit target and -10% stop-loss automatically. Historical data shows that the traders can make 17% annually simply by using this strategy.

• Dollar-Cost Average (DCA) Out:

You must sell 5 to 10% of your holdings monthly during the bull market. Another research shows that the users of this strategy captured 62% of the peak gains while single lump-sum sellers only captured 37%.

• Watch Fear and Greed Indicator:

You can watch the fear and greed indicator daily in order to decide where to buy and where to sell. If this indicator hits extreme greed, which is usually greater than 90, you must exit.

Selling your Bitcoin:

The selling process is very similar to the buying process. You can follow these steps:

• Go to the trade section.
• Select the Bitcoin pair BTC/USDT.
• This time, select the sell option.
• Add the amount that you want to sell.
• Click the sell button.

That’s it. With these simple steps, you can sell your Bitcoin in no time.

Withdrawing your Profit:

Now here comes the most important and most awaited part, which a trader always dreams of. After selling your Bitcoin, you now have USDTs in your wallet. If you want to withdraw your profit, you can directly sell Bitcoin and convert it to Fiat, but if you want to do more trading, follow the above-mentioned method. Now let’s talk about the withdrawal process. If you have Bitcoin, then you can directly withdraw it to your bank account. Here is a guide on how to do it:

• Withdraw to Bank:

1. Go to the sell/convert section, now select BTC and then choose the currency, I.e, USD, EUR, etc., and convert it.
2. Now navigate to withdraw and select the linked bank account.
3. Verify the amount and the recipient details.

• Confirm and Track:

Complete the 2FA and check your email to confirm the transaction. Bank transfers usually take 1-3 business days while e-wallets take less than 10 minutes, I.e, PayPal, Skrill. Now the choice is yours.

Conclusion:

Now you have armed yourself with research-based strategies proven to work. Bitcoin is more than money. It is financial self-defence (Andreas Antonopoulos).  If you loved this Article, share it with your loved ones and remember us in your Prayers. Good Luck.

FAQs

1. Can I start Bitcoin trading with just $10?

Yes! Research shows 73% of new traders begin with $50 or less (Coinbase 2024 Retail Report). Platforms like Bitget even allow $1 minimum deposits. For best results:

• Use dollar-cost averaging (invest $10 weekly)

• Start with simple spot trading

• Reinforce small profits to build confidence

2. Is Bitcoin legal in my country?

Bitcoin is currently legal in 113 countries (IMF 2024 Global Crypto Survey). Only four nations have complete bans:

• Algeria

• Egypt

• Iraq

• Nepal
  Pro Tip: Always check your local financial regulator’s website for the most current regulations.

3. What’s the most common Bitcoin tax mistake?

Failing to report transactions is the #1 error, triggering 42% of crypto-related audits (IRS 2023 Compliance Report). Protect yourself by:

1. Using tax software like Koinly or CoinTracker

2. Saving all transaction IDs

3. Reporting even small trades

4. Consulting a crypto-savvy accountant

4. What’s the #1 Bitcoin scam to avoid?

Fake exchange websites account for 68% of crypto scams (Chainalysis 2024 Crime Report). Stay safe by:
✓ Always typing exchange URLs manually
✓ Checking for SSL certificates (🔒 in address bar)
✓ Enabling withdrawal whitelisting
✓ Never sharing 2FA codes

5. Is Bitcoin mining profitable for beginners?

Cloud mining yields $0.10-$0.50 daily per $100 invested (HashrateIndex 2024 Profitability Study). However:

• Avoid home mining setups (92% lose money after equipment costs)

• Better alternatives:
  • Bitcoin staking (5-8% APY)
  • Exchange earn programs
  • Liquid mining contracts

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