I have seen so many people getting into scam and thinking they can earn Bitcoin online. Today I want to show you the only real way you can earn Bitcoin. In this post, you won’t learn how your computer can generate Bitcoin on it’s own because that’s impossible. Bitcoin don’t fall from the sky. If someone have it, it’s because they bought it from someone else.
So, if you are looking for a way to sit around doing nothing and watch Bitcoin coming into your wallet for free, then this post is not for you.
But if you are willing to learn and work hard, create something of value and willing to exchange your work and idea for Bitcoin, then this post is for you!
Why use Bitcoin in the first place?
One of the great use case for bitcoin is as rail in the financial system to receive ands send payment when someone doesn’t have a bank or a PayPal account. For example I know someone who lives in Pakistan and PayPal is not allowed in his country. So he can’t receive Payments from someone else in the world… until Bitcoin.
This post will explain how you can make money with the new tool of the internet and use Bitcoin as peer to peer finance to receive payments.
HOW TO EARN BITCOIN
Freelancing for bitcoin
These are the step:
- Find freelance work on upwork.com and agreed to get paid outside
- Use local bitcoins.com as the rails between both of you
- Repeat and create your empire
If you have limited experience online, the best way to get started is to freelance. All you need is access to a computer and an internet connection.
You find work online, agree to get paid through normal payment system like paypal and use Bitcoin as the rails between his bank account and your wallet. This is how Bitcoin enable peer to peer finance.
Find work online
First, go to Upwork.com or freelancer.com and create a new profile for free. Then choose a field that interest you and browse the thousands of different gigs available.
This is the type of Job you may find there: Retouch a picture, translate a text in a different language, optimize a website for SEO, write an article, design and create a simple website, etc…
Platforms like upwork or freelancer are great because the work arrangement are by projects. So even if you dont have any experience, people are willing to hire you because it’s only for a one time project.
On the other hand, if you already have a lot of experience, people are willing to pay you much more for a higher quality service. So you can grow with the platform if you wish for.
There is an art to getting hired on Upwork even if you don’t have experience, but just getting started and applying right away is the first step.
I know what you might be saying next…
But what if I don’t have any skills?
As I say before, you can just get hired anyway and google your way through the job. How hard can it be to google how to re-touch red eyes on a picture.
The other way around is to create a small agency. For example, you can market yourself to write articles then hire someone else on that same platform to do the work for you.
Once you found someone reliable to work for you, you can find the work and give it to that person every time, pocketing your middle man fees without having to do any work other than finding customers.
Wether you choose to do the work yourself or to outsource it, this is the best way to learn and get paid at the same time. As you do more small projects, you google what you don’t know and gain experience.
Getting money in your bank account
So once you’ve found some work, it’s time to get paid. Usually people connect their PayPal account or bank account directly into upwork platform to send automatic payment but there’s an easy work.
Before starting the work, tell them that because of restriction in your country or your specific situation, you can’t use PayPal, Payoneer, etc… but that you are working on it. That’s usually not a big deal at all and people will most likely say yes.
Then you tell them to just send the payment to that other PayPal address outside of upwork once you completed the work.
How to get paid outside Upwork:
- Find a Bitcoin Seller on localsbitcoin.com in your clients local currency
- Give your clients the seller paypal address
- Get paid
Most employer will only be comfortable paying you after you did the work and thats fine since you only did a small project, usually lasting no more than a few days so there’s not much risk on your part.
Also there’s no risk on the part of your client since they will only pay after the work is completed. For longer project, you can separate the payment into milestones and require a payment after each work milestone is completed by you.
You will need to talk to 2 different people on local bitcoin. Your client will not interact with anyone else than you and you will provide the PayPal address or bank account to transfer the money.
there’s two part to this transaction. Let’s first follow the money from your clients to your Bitcoin wallet. Then from your Bitcoin wallet to your local currency.
Step 1. Get Paid without your client knowing he is using Bitcoin
Once you are ready to get paid, head over to localbitcoin and find a seller who is willing to accept PayPal payments. If your client wants to do bank transfer, you need to find a seller who is located in the same country as your client.
Give to your client the PayPal address or the bank information of your LocalBitcoin seller.
Once your clients as sent the money, the seller will immediately transfer the Bitcoins to your personal wallet.
Seller on local bitcoin usually charge an additional fee for using PayPal. The reason for the added fee is the risk that the seller takes for using Paypal. Because PayPal transaction can be reversed, but Bitcoin transaction are not reversible. So you usually get cheaper fees using Banktransfer but it is usually easier to get your clients to use PayPal.
So now you completed the first part of the transformation. You change fiat dollars that couldn’t enter your country into Bitcoin that could freely get moved into your wallet. You have now acquired the fastest appreciating assets on the market. Congratulation!
Because the Bitcoin revolution takes time, your local grocery might not accept Bitcoin yet so you’ll have to change those Bitcoin into your local currency. We will simply repeat the previous step in the reverse order.
Step 2. Change Bitcoin into your local currency
If you need to change those Bitcoin into your local currency to pay for your expenses like rent, grocery, etc…, simply find someone else on localbitcoin in your city who can meet with you at a cafe and give you CASH in exchange for your Bitcoin.
There will be no trace in your local country that you own bitcoin, the only person who knows you own some is the buyer who only know your face.
So with the help of Bitcoin and peer to peer finance tools, you completely bypass the embargo that banks have put on your country.
Become part of the solution
Another alternative is to become a Bitcoin seller in your area. I made a very interesting talk with Ray Youssef from paxful.com and talk about exactly this. If you can start selling Bitcoin in your country, this can be a very valuable business.
Once you plug yourself into the peer to peer financial system and use Bitcoin as the frame of your financial life, anything is possible. I hope this post clear up some things about earning bitcoin online and how you can actually do it. If you have any question, please let me know below!