Although some have already used bitcoin, the first thing that comes to mind when you hear about it is that it is only for wealthy individuals. The people in the world with lesser incomes, however, can use the system to avoid using currency for their daily transactions. Here are three ways you can make more money with bitcoin:
Use your online store to accept bitcoins. You can make a separate page for each product you have to sell or plan to sell. This will help to attract more clients. Aside from that, you can also incorporate links on your site to your merchant account. This is easier and faster when you have a website that accepts payments in bitcoin.
When you have friends or business associates who have already made some in-roads in the industry of remit transactions, you can bring them to your website. You can allow them to register their details to pay the amount of fees of using bitcoin. Their names and addresses would be entered automatically and they would be redirected to your site once payment is confirmed. You can even get them to share a percentage of their earnings as payment for your services.
Use bitcoin ATMs for cash withdrawal. Nowadays, there are thousands of places in the world where you can get cash in your account. At these locations, there are usually ATM machines that are equipped with the necessary software for you to sign a transaction. With that, you can easily withdraw the cash and deposit it into your bank account.
If you are planning to market something using bitcoin, you can set up a link for your site visitors to sign on. This will help you keep track of your sales and traffic. As a bonus, people will have the opportunity to receive your site ads in the form of a free offer. Many people prefer to have free offers than having to pay for advertising because it is just free.
An alternative way to get paid for buying products or services from online auctions is to get paid by the person or company. You just need to complete an auction. If you put the winning bid amount in your wallet, the person or company may include your name on the site and pay you in bitcoin.
Since there is a fluctuation in the currency exchange rate of the worldwide markets, you can use bitcoin to protect yourself from danger. You can use it to buy a short position in the market. This will let you realize a gain in the exchange rate, thereby avoiding an initial loss.
All these are just some examples of how you can earn using bitcoin. The market is growing fast and the more popular it becomes, the more you will see merchants accepting it. If you want to earn more money, then you must think about bitcoin.