Bitcoin, Ethereum, Cryptocurrency: How to Make Money

Bitcoin and Ethereum are two of the most popular cryptocurrencies in the world. Here's how you can make money with them.

Bitcoin

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is powered by the Ether token.

How to Make Money with Bitcoin

There are a few ways to make money with Bitcoin:

Mining

Mining is how new Bitcoin and Ethereum are created. Miners are rewarded with cryptocurrency for verifying and committing transactions to the blockchain.

Bitcoin Trading

Bitcoin can be traded on a variety of exchanges, including Coinbase and Gemini. When you buy Bitcoin, you set the price you're willing to pay and the amount of Bitcoin you want to buy. When someone sells Bitcoin to you, they set the price they want to sell it at and the amount of Bitcoin they're selling.

Accept Bitcoin as Payment

You can also accept Bitcoin as payment for goods or services. When someone pays you in Bitcoin, they send it to your Bitcoin address and you can exchange it for local currency.

Ethereum Trading

Just like Bitcoin, Ethereum can be traded on a variety of exchanges. When you buy Ethereum, you set the price you're willing to pay and the amount of Ethereum you want to buy. When someone sells Ethereum to you, they set the price they want to sell it at and the amount of Ethereum they're selling.

Accept Ethereum as Payment

You can also accept Ethereum as payment for goods or services. When someone pays you in Ethereum, they send it to your Ethereum address and you can exchange it for local currency.

How to Make Money with Ethereum

There are a few ways to make money with Ethereum:

Mining

Mining is how new Ethereum are created. Miners are rewarded with cryptocurrency for verifying and committing transactions to the blockchain.

Ethereum Trading

Just like Bitcoin, Ethereum can be traded on a variety of exchanges. When you buy Ethereum, you set the price you're willing to pay and the amount of Ethereum you want to buy. When someone sells Ethereum to you, they set the price they want to sell it at and the amount of Ethereum they're selling.

Accept Ethereum as Payment

You can also accept Ethereum as payment for goods or services. When someone pays you in Ethereum, they send it to your Ethereum address and you can exchange it for local currency.