How to Make Money With BitCoin Like Erik Finman

BitCoin is an application of the peer-to-peer technology. All of its transactions and issuing of the BitCoins is done by the network itself. It is an opensource technology that means its design is available publicly on the internet and everyone can access it.


Make Money With BitCoin Like Erik Finman


BitCoin is not managed and owned by anyone but it can be used by everyone. BitCoins are usually referred to as digital money. This is the modern form of money. The users can send and receive BitCoins in exchange for actual money, products or services.


You can make alot of money by using BitCoins but you should not invest a large sum of money if you are new. It involves alot of risk. You may have heard that 15 year old Erik Finman has converted his $1000 to $100,000 by using BitCoins. If a 15 year old can make this much money from BitCoins you can also make them.
There are multiple ways with the help of which you can make money on BitCoins. Some of them are isted below:

1. Accept BitCoins as a Means of Payment

No matter you have a small business or a fairly large one. You can get your payment for your good or services through BitCoins.


Accept BitCoins as a Means of Payment


1. Create a Wallet

The first step is to create a wallet where you can place your digital money. One option is to make a wallet using Blockchain.info.

2. Display a QR-code

Now you have to place the QR-code of your BitCoin adress next to you cash register. Go to 'recieve money' in your Blockchain.info account and select QR-code from the action drop down menu. Now place the image of QR-code next to your cash register. The customers will be able to pay you now. They will enter the money they want to pay you and BitCoin will automatically convert the currency to BitCoins.

3. BitCoin

Now you have to let your customers know that you accept the money through BitCoin. For this purpose display a BitCoin logo at your shop.


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2. Earn BitCoins by Completing Tasks on Websites

You can get free BitCoins from some websites by doing what they say. Mostly they will ask you to view a page or watch a video and for that they will give you a portion of a BitCoin. They don't pay much but still it is a way of earning money.


BitCoins by Completing Tasks on Websites



3. Get BitCoins by Interest Payments

Another way of earning BitCoins is through interest payments. If you have some BitCoins you can lend them to someone and get them back with interest later.


BitCoins by Interest Payments



4. Earn BitCoins from Mining

You can generate new BitCoins for yourself by mining. New BitCoin transactions are added to the block chain when your computer does mining and then new blocks are searched. A block is referred to the recent transaction records. You get BitCoins as soon as your computer discovers a new block.


BitCoins from Mining



5. Earn BitCoins by Getting Tipped

You don't need a shop to get tipped you can get tipped by putting the QR-code of your BitCoin address on your blog or website. It is a type of payment so you will have to follow all the steps as in the first method of earning BitCoins.


Getting Tipped


6. Earn Bitcoins through Trading

Earning BitCoins through trading means that you buy something at one place and sell it at another place at a higher price. You should only buy something if you are sure you can sell it at a higher price.


Trading



7. Get Bitcoins Through Gambling

Gambling is a very risky method of getting BitCoins but if you are good in it you can try this method.


Gambling



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BloggingeHow | Making Blogging Simpler: How to Make Money With BitCoin Like Erik Finman
How to Make Money With BitCoin Like Erik Finman
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