Hey guys, It’s been a while I update you with how to make money online, I’m sorry for that, and today, I’ll be sharing an interesting way that you can use to make money online on Picoworkers in Nigeria without paying a dime!
Sounds interesting? Yea, I know but you are not paying a dime doesn’t mean you’re going to see the money without working for it. In fact, you’re actually going to do little work online and earn a few dollars.
But if you’re new to these making money online stuffs or you’ve been scammed online before, you might be thinking that this is another scheme to collect money from you or waste your time. But I’m telling you that Picoworkers is an exception!
Also, if you have never made any money online before, you can start making money online with Picoworkers and maybe, explore more in my previous online money making tips.
But to be honest with you, you may probably not earn $100 at once on Picoworkers, but the little $2, $5, $10, and so on, will definitely amount to hundreds of dollars (provided you’re patient and not greedy… )
RELATED: How to Make Money on Fiverr
Ok, let’s get to where we are actually heading to!
UPDATED: Below, I recommended you use a VPN or an Epic browser to bypass your identity, the reason is that the site didn’t support Nigeria but you can now register without using any VPN or Epic browser.
Requirements to Make Money on Picoworkers in Nigeria
You will be needing the following;
1. Good Internet connection.
2. A good Laptop or PC.
3. A good smartphone
4. A cryptocurrency wallet or PayPal account.
5. A valid email address (preferably Gmail).
6. A VPN enabled browser or device
I’m sure you will have all these requirements in place, but if you’re having problems with a cryptocurrency wallet, create a free one on Luno now!
And if you have the requirements ready, let’s start;
How to Make Money Online on Picoworkers in Nigeria
First, Picoworkers is a freelancing marketplace where freelancers can get paid for offering a service or selling a virtual product without meeting or seeing the seller.
Although Picoworkers can’t be compared to the likes of FIVERR, Upwork, and another top online marketplace, you can definitely earn even without selling or rendering a service!
Like I said earlier, you are not going to pay a dime but you’re going to work on Picoworkers before you can make money. But don’t be afraid, it’s not a task you cannot handle.
NOTE: Make sure you are using a VPN or download EPIC Browser on Google Playstore or your PC, this will enable you to have access to the actual website we have been talking about.
Why Epic Browser?
Epic Privacy Browser is one of the best VPN-enabled browsers, it has built-in privacy features. This browser will protect your identity online.
PS: This is not a fraudulent act, you are just trying to get access to the website and that’s all!
Making Money Online in Nigeria with Picoworkers
Here is how:
- Go to the website here: Make sure you use this link, this will give you a $0.50 welcome bonus
- After registration, kindly verify your email address. Go ahead and complete your profile. For your location, set it to Nigeria. If you’ve done that, it’s time to look for jobs.
- On your dashboard, click on “Small Jobs” to see all available jobs/tasks.
These tasks are pretty easy to execute. On Picoworkers, you can see micro jobs like subscribing to a YouTube channel, creating a Gmail account, creating a YouTube account, visiting a website, visiting and clicking on 1/2/3 sections of a website, registering for a service, submitting your email address, and lots of small jobs.
They are easy tasks, right? Now the amount per task ranges from 1 – 100 cents. Pretty small, but when accumulated, you have a lot. The amounts are attached to each job. And you’ll also see how many people did the task and how many are required to complete that task.
Carrying Out a Task/Job on Picoworkers in Nigeria
- On the Small Jobs page, look for a suitable job. The higher the pay, the higher the difficulty. So, look for a task you’re okay with.
- Next, click on the job you want to do and read the provided instructions.
- Carry out the task. Once completed, click on “I Accept This Job” under the job description.
- Next, you’ll be required to provide evidence that you did the job. It could be a title of a video, a title of a post on a website, a URL to a post or YouTube video, or whatever is specified in the job description.
- After providing proof, click on “I Confirm That I Have Completed This Task” and viola, the amount will be added to your “Pending” balance. This is different from your main balance.
Once the task provider confirms that you’ve completed the task, the money will move to your main balance. However, if the job provider doesn’t approve after seven days, Picoworkers automatically approve it.
That’s how to make money on Picoworkers, don’t forget to sign up using this link
How to Withdraw from Picoworkers
Unlike most “online money-making sites”, Picoworkers make it easy to withdraw your funds. Withdrawals are approved after 10 days of putting in a request. The minimum withdrawal amount is $5 + service charge. Basically, you need to have above five dollars before putting in a withdrawal request.
To withdraw, click on “Withdraw” on your dashboard. Next, click on “Place a new withdrawal request”. Choose your preferred withdrawal method: Ethereum, Litecoin, or PayPal.
CONCLUSION: Making Money Online on Picoworkers in Nigeria
That’s it: how to make money online in Nigeria using Picoworkers. I hope you found this post helpful. If you did, do well to share it with your friends. If you have questions or suggestions, speak to us in the comments.
If you are a fashion designer or you’re passionate about fashion, check this post on how to make money as a fashion blogger or how to create a money-making YouTube channel here.
Make Money Online
Hawkit.ng Review – How to Make Money on Hawkit.ng (Earn up to N36k!)
Hawkit.ng is the latest platform to make money online in Nigeria. No doubt, at least you have seen someone post about it either on Facebook or your WhatsApp status.
We are in Nigeria where people are so eager to make money, of course, due to how poor the country is. Everybody is trying to survive.
But also, due to this, some people have become a victim of scams, especially on platforms like Hawkit.ng.
You know about NNU Income, a platform that claimed to help people make money online platform that carries people’s money into “vanishing”. And a lot of apps and websites like that.
But let’s talk about Hawkit.ng.
What is Hawkit.ng?
Hawkit.ng is an eCommerce platform that offers a more convenient way for people to sell and advertise their products, and for consumers to buy items below market prices.
You can buy almost any commodities including cars, shoes, clothes, yam, data subscription, hire an artisan, etc.
Maybe Hawkit.ng would be best described as a “classified ads” website like Jiji.ng or Craiglist.
Hawkit.ng is not really a “money-making platform” but, an “eCommerce platform”.
In fact, when Hawkit.ng was originally launched, it focused only on eCommerce (selling, advertising, and buying stuff).
It was later the platform decided to add money-making features, at least to get people along as big platforms like Jumia and Konga are already dominating the eCommerce industry in Nigeria.
That means transactions are actually taking place there, it’s not like a platform where you only need to register and start referring people to register too. If they don’t register someone, then you have nothing to gain.
Now that the platform has added features for people to make money, can it be trusted? That brings us to the question;
How Does Hawkit.ng Work?
- Buying & selling of “Anything”: If you sell stuff, you can list and advertise them on Hawkit, then people who are interested will buy from you
- Buying & Reselling Data plan: As described earlier, you can buy stuff below the market price. The same thing applies to data plans, you can buy at a lower price on Hawkit.ng and sell at a normal price to people
- Boost Your Social Media Accounts: Instead of doing “follow-for-follow” or using bots to engage with your social media accounts, you can pay a fee on Hawkit.ng and they’ll bring you real and organic engagement
- Perform Tasks to Earn Money: The first 3 mentioned above are the core reason for having a platform like Hawkit.ng in the first place. But to drive more engagements and create awareness, that’s why there is a feature to make money on Hawkit.ng.
We will talk about this money-making part soon. But before then, let’s talk about the legitimacy of this platform;
Is Hawkit.ng Legit or Scam?
Someone asked me this, but for me to provide an answer, it took me about 2 days to do my research.
The outcome: Hawkit.ng is not a scam, it is legit.
Oh, how am I so sure that Hawkit.ng is legit? Maybe that’s what is wiggling on your mind now.
Well, I had to look for loopholes, how bad people are taking about Hawkit.ng but I have till now found nothing. Instead, I’m hearing how good the platform is.
For instance, a friend of mine who has been engaging on different platforms to make money online and has been scammed at different times shared her experience about Hawkit.ng with me.
She said when she heard about Hawkit.ng, she felt it was going to be like other platforms that scam people. But she decided to “risk it”. She paid N1,000 for the registration fee to become a member.
But in a few days, she has earned N2,500 which is over 200% of her investment.
Unlike many Ponzi scheme platforms you can see the hundred thousand you’re making on your dashboard but can’t withdraw it.
But on Hawkit.ng, she was able to withdraw her earnings to her “Zenith bank account” in just a few clicks.
And a lot of other people share their own stories online too.
Hawkit.ng is Legit? One daring thing about Hawkit.ng…
The platform claims they will refund your registration fee of N1,000 if you don’t make more than that within 30 days!
I Mean it takes some darings for someone or a platform to promise a refund if the product or service did not work as advertised.
How Can I Make Money on Hawkit.ng?
Making money on Hawkit.ng is as simple as doing as pressing your phone and doing what you like doing; being on social media and maybe sharing information with people.
Here are basically what to do to make money on Hawkit.ng:
Refer and Earn
Because Hawkit.ng is still growing, they’re leveraging referral marketing strategies to boost their product awareness.
What they do is simple;
You join to become a member; you also refer someone to become a member and you earn on each member you successfully referred.
Oh oh… You’re thinking this is those regular “bring two-two people platforms”. I got you. Experience ?
But Hawkit is not like that. As I said, Hawkit.ng is an eCommerce platform, not a money-making platform. So, you can choose to ignore this refer and earn feature and focus on other things on the platform.
How Much Does Hawkit.ng Pay Per referral?
For every successful referral, you will be paid N500.
For someone to become a member, they have to pay a sum of N1,000, and Hawkit.ng will give you 50% of that whenever someone joined the platform through your referral code.
Imagine you are able to refer at least 10 people per week, that’s N5,000 for you.
So, the refer and earn feature on Hawkit.ng is a viable way to make money online in Nigeria. Let’s talk about another way to make money on Hawkit.ng
Perform Social Tasks
This is as simple as liking other people’s posts, following pages, and commenting. Sometimes, sharing posts to your social media platforms, especially WhatsApp.
The commission on each social task varies and is relatively small. But if you are consistent enough, it could be something “hooge”.
ALSO READ: How to Make Money on WhatsApp
Commission on Performing social tasks on Hawkit.ng
- On Hawkit.ng, posting on WhatsApp status, you will earn N20 per post
- To follow people’s pages and accounts on Instagram, Hawkit.ng will pay you N3
- To follow people’s pages and accounts on TikTok, Hawkit.ng will pay you N3
- To follow people’s pages and accounts on Facebook, Hawkit.ng will pay you N3
- Subscribe to Youtube Channel – ₦30 per Subscription
- View and Post Comments on Youtube – ₦20 per View and Comment
- Post Comments – ₦15 per Comment
- Hawkit Google Play App Review – ₦30 per Review
- Hawkit Apple Store Review – ₦60 per Review
If you can post and perform 5 WhatsApp tasks in a day, that’s N100. If you are consistent with that for 30 days, that’s N3,000.
Resell Data & Airtime
This is entire as a business on its own. You can buy 6G MTN data for N1,460 and resell it at the rate of N1,500 which means you will earn N40 as a profit.
Data reselling business is very common in Nigeria just like the Recharge card printing business and I know people are earning from it.
Sell Something, anything on Hawkit.ng
You don’t need me to explain this as it is what you have been doing for a long as a business person. You can sell anything on Hawkit.ng and make money.
One benefit of using Hawkit.ng to sell your stuff is that your product will be automatically targeted to those people within your city so that you won’t need to stress yourself targeting the wrong audience and worrying about delivery.
If you have sold something on the likes of Jiji or Jumia before, Hawkit is a great alternative you need to try.
How to Register on Hawkit.ng
To register on Hawkit.ng, all you need is your internet-enabled smartphone or laptop and you’re good to go. Below is a step-by-step guide on how to do that;
- Click here to sign up (kindly use gbolamedia as your referral code)
- When clicked on the registration link above, you will land on a page where you will enter your basic data, do so and follow the next commands.
- Become a member by activating with N1,000. This is optional but if you want to earn on Hawkit.ng, you have to pay this fee.
4. After successful registration and activation, start carrying out your tasks to make money.
Tips to Make Money on Hawkit.ng
Making money online is not easy especially when it comes to using this type of platform. But here are my few tips on how you can maximize Hawkit to earn big.
- Have a target per day and be consistent with the target. In a day, you may make it your goal to refer just 2 people…
Share 5 times to your WhatsApp, subscribe to YouTube channel, and other platforms, etc… just to target something around N1,200 per day.
If you are consistent with that goal, that is N1,200 in 30 days which is N36,000 – this even passes over the minimum wage in Nigeria.
- Use your WhatsApp status to tell people about Hawkit.ng, don’t just post, be creative with whatever you are posting. You’re selling, you’re not looking for views. Tell them why Hawkit.ng is legit and how they can make money on it
- Go on Facebook and other tools you use. Talk to friends around you. Don’t be ashamed of making money dear.
Conclusion – Hawkit.ng is Legit, Make Money on Hawkit.ng
As said earlier, Hawkit.ng is not a money-making platform like other Ponzi schemes you are familiar with. Before you earn on Hawkit, you need to work and you may choose not to refer anybody.
Although you can earn as much as possible on Hawkit.ng but register it on your mind as a “side-hustle”.
If you want to make money in the long run, I will advise you to learn a skill, I always tell people this. Don’t depend on platforms like these because it may be for just a short period of time.
But anyways, Hawkit is still here. Let’s see how much you can earn, don’t forget to use “gbolamedia” as your referral code during the registration, or simply click this link to get started ASAP.
If you have any questions, kindly contact Hawkit’s customer support.
Make Money Online
How to Make Money on Jumia – 5 Legit and Easy Ways!
Is it really possible to make money on Jumia?
If you’re not tech-savvy or doesn’t know how making money online work, you may be doubting if it’s really possible to make money on shopping stores like Jumia. But I’m using this medium to tell you that it’s possible; you just need to be smart (but in an honest way ?).
So, how can you make money on Jumia?
That’s what this blog post is all about, I will share with you 5 ways you can make money by simply shopping on Jumia! Let get into it;
Jumia is the largest online shopping platform in Nigeria, and currently dominating Africa’s eCommerce marketplace. They offer affordable shipping fee and there are thousand of trusted merchants and vendors on Jumia.
Big companies like Xiaomi, Samsung, Tecno and many others have an official store on Jumia, where customers can shop for their products at more discounted rate.
For years, Jumia has been building the platform on a solid foundation and the end result is many people choosing Jumia over other competitors like Konga, Jiji etc.
But most of these people who chose to shop for items on Jumia are unaware of the fact that they can earn money on Jumia (easily)!
No further ado, let’s talk about making the money on Jumia!
NOTE: This blog post is quite long (more than 2,000 words). Will you like to watch the video instead? Watch video below;
5 Ways You Can Make Money on Jumia and How They’re DONE
1. Jumia Affiliate Program (KOL)
Jumia affiliate program is one of the top affiliate programs to make money in Nigeria, because they pay pretty well for their affiliates.
But how does Jumia affiliate program work and how can I start?
Jumia affiliate program work just like any other affiliate programs you’re familiar with. But in case you don’t know what affiliate marketing work, let me summarize it for you below;
Affiliate marketing is a business pattern where you help companies (or brands) to market or promote their products or services and at the end, you earn “commission” just to compensate you for your hard work.
Let’s say there’s a Hisense TV on Jumia that costs N120,000 and the affiliate commission on the TV is 15%, it simply means if you promote the Hisense TV and luckily, someone purchased the TV through your link, Jumia will pay you 15% of N120,000 which is how much? Press your calculator ?
Okay, 15% of N120,000 is N18,000.
That’s how much you’ll be paid as a Jumia affiliate for promoting and selling that product!
Imagine if just 2 people buy the TV in a month, that’s N36,000 for you.
Note that I just used the Hisense TV as example. As a Jumia affiliate partner, you can promote any product on Jumia and make money.
Let me use this opportunity to tell you that affiliate marketing is one of the top 10 ways to make money online. If you want to know how it really work, read this blog post on affiliate marketing.
The next question you should be asking is;
How can I promote Jumia products and make money?
Simply! Just follow the steps below;
- Sign up for Jumia affiliate program (KOL) here: https://www.jumia.com.ng/sp-jumia-affiliate/
- Enter all necessary details (I trust you can do this)
- Look for products you’ll like to promote on Jumia, copy the link
- Go back to your Jumia’s KOL dashboard and paste the product link there (you’ll see where to do it)
- After you paste the link in the input box via your KOL dashboard, your affiliate link will be generated for you.
- Share the affiliate links and recommend the products to your friends or family members who may like that product. Proceed to share on social media channels like WhatsApp, Facebook, Quora, Nairaland etc.
- If you’re a blogger, put your affiliate banners on your blog. Keep looking for what people will love to buy, search for the product on Jumia, copy the link to generate your affiliate link in your KOL dashboard and promote!
Look, the steps might look too easy to be true, but let me tell you that it’s not easy and it’s TRUE that you can make money on Jumia through its affiliate program.[
You just need to learn how to do affiliate marketing and trust me, you’ll make lot of money with the knowledge.
That’s one! Let’s about the next;
2. Jumia’s JForce Program
This look like the first one, but slightly different.
With Jumia KOL affiliate program, you make money when someone click on your affiliate link and proceed to buy that product. But what if you know someone who want to order for something online but doesn’t know how?
Do you know you make money on Jumia by helping someone (or people) to shop for items on Jumia at no EXTRA cost?
Even you can buy items for yourself on Jumia and still make money.
Ask me how?
Well, that’s where Jumia’s JForce comes into play.
With Jumia’s JFORCE, you can earn minimum of N1,000 on every N5,000 order.
Personally, I’ve shopped for items on Jumia worth N200,000 this year and I’m still going to shop more. Now, assuming that I’m on JFORCE program, how much do you think I would have made by simply shopping on Jumia?
N1000 for every N5000 order, remember?
So, on N200,000, I would have made whopping N40,000! But you’re not going to be buying N200k products on Jumia every month to make N40k.
So, how can you make money on Jumia with JFORCE program? Here’s how;
How to Make Money on Jumia with JFORCE program
- Join the Jumia JFORCE program: https://jforce.jumia.com.ng/
- Fill all the details (your correct names, email, phone number, and bank details)
- Start shopping on Jumia with your JFORCE account and earn money in return!
- That’s all.
But let me give you a strategy if you really want to turn this to a business;
You can always tell people through your WhatsApp statuses, Facebook, mouth-to-mouth or any other way you know, that you can help them shop for their items on Jumia for FREE.
You can even offer then N500 airtime if they choose order the items through you. You just need to build your brand, be trusted and convince them to trust you.
Note that this is 100% LEGAL! There’s a reason why Jumia created JFORCE program; It’s simply because not everybody knows how to shop online (but they want to).
The next is;
3. Procurement Services
This is another viable way to make money on Jumia!
Procurement service is also 100% legal and some agencies are into this particular business only. For instance, when I want to buy an item from USA, I used a procuring agent who bought the item on my behalf and send to the company that will ship it to me.
Just in case you want to know how to buy items from USA and shipping to Nigeria, read how I did mine successfully with Heroshe here.
Now, back to how you can make money procuring items on Jumia. How does it work?
Well, it works like JFORCE but slightly different.
On JFORCE, you’re buying the items for someone on JUMIA at no extra cost to them, JUMIA will personally compensate your hard work.
But on Procurement service, it works different. You’ll charge a certain amount of money for helping the person to order the items (if the person comes to you him/herself ni o).
It happens! A lot people would like to buy something online but don’t know how, or as a result of technical issue, they may not be able to pay with their cards. Then they’ll be looking for someone to help them place the order.
That’s where you come in!
You can help these people and charge them small amount of money.
For instance, you can charge 10% on total order, which is pretty good and affordable.
Let assume that the person wants to buy an item that cost N5,000, you can charge 10% and that’s N500 for you.
You may be thinking what will N500 do for you, but hey, that’s just an assumption. Some people order for items work N100k, N200k and so on.
If you charge 10% on items worth N100k, that’s N10,000 for you without leaving home. All you need to do is to get the name(s) of the item, search on Jumia, confirm and buy. That’s all. I trust you won’t use up to 50MB which is not even up to N200.
So, you can make money on Jumia by offering procurement services.
Do we still have another way to make money on Jumia? Yes!
4. Become a Vendor on Jumia
Honestly, I don’t know how this work as I’m not a vendor and neither do I know anyone who’s a vendor.
But in my own little experience, let me tell you one or two things about making money as a vendor on Jumia.
First, who’s a vendor?
A vendor is simply someone (or company) who sells products on a particular marketplace.
And we have a lot of “multi-vendor” marketplace which you know such as Amazon, AliExpress, Konga, JUMIA and lot of them.
Without people or agents coming to these platforms to sell their products, there’s no way Jumia, Amazon and the rest of the multivendor marketplace will exist. They exist to bring sellers and buyers together.
So, if you have anything to sell online, use JUMIA! They have the visibility to make you sales.
If you’re a fashion designer, boutique owners, you sell any shippable items, why can’t you join Jumia as a vendor and start making money when your items are purchased by someone.
Like I said earlier, I don’t have the idea of how much JUMIA make per your item purchased, but I’m sure you’ll get to know when signing up as a vendor.
Here is where to sign up as a vendor on Jumia;
How to Become a Seller on Jumia
- Sign up here: https://www.jumia.com.ng/sp-marketplace-vendor/
- Fill all forms correctly with your details
- Complete the onboarding training
- List your products and start selling!
Okay, any other way to make money on Jumia? I got another one, the last one!
5. Become a Delivery or Pickup Station Agent
I don’t have much information about this, but I know it’s possible and a viable way to make money on Jumia.
The first part is by becoming a delivery agent.
This can be kind of stressful as I’m sure you’ll be scrutinized thoroughly before you can be accepted. The reason is simply because they need someone who can be trusted with customers’ items.
If you’re interested and you have all necessary documents and referees to tender, you can contact JUMIA via this email address and ask them directly or check below;
How to Join Jumia as Delivery or Logistics Agent
- Sign up here: https://jumia_form.formstack.com/forms/3pl_interest_registration_en
- complete the form and submit
- Expect feedback from JUMIA.
The second part is by becoming a pickup station agent.
Jumia has lot of pickup stations across the country and I’m sure they need more of those local offices.
For example, I remember about 2 years ago, there is no pickup station in my City, I used to travel down to another City to get my items. But now, Jumia pickup stations in my place are more than 3.
Jumia want to expand their reach to lot of customers in many different places in your country and City. You can apply to become an agent.
Requirement to Become Jumia Pickup Station Agent
- 1000sqft dedicated space for Jumia in your facility
- Dedicate one person who will be running the Pick Up Station
- Ready to Brand your Location and Staff
- Delivery Van and 4 motorbike Riders (Only for existing Logistics companies)
- 5 sales agents to help drive sales in the region
IMPORTANT NOTICE: Kindly note that these requirements might have changed, so I’ll advice you to contact JUMIA for more information about this.
Be informed that you might be required to submit some official documents before you can become one of their agents.
So, that’s it on How to Make Money on Jumia
All the 5 different ways listed here are working, you just need to get to work if you reason want to make your own. Remember that it might not be easy but if you master them as a real business and you’re consistent, you’ll be glad you did.
Can I make money on Jumia?
Yes! You can choose to do any or all of the following;
- Jumia KOL affiliate program
- Jumia’s JFORCE program
- Procurement services
- Become a vendor
- Become a Delivery/Pickup station agent.
I’m sure you’ve gained something from this blog post. If yes, kindly extend the love and knowledge to other people by sharing this post to your Facebook timeline, Twitter and WhatsApp groups. All you have to do is to click on the floating social media buttons below.
Also, don’t forget to subscribe to this blog’s email newsletter, click on the read bell floating at the bottom too, that will notify you every and anytime I drop contents like this.
This post “How to Make Money on Jumia – 5 Legit Ways” first appear on https://www.gbolamedia.com. DO NOT COPY without permission.
If you have any question, kindly use the comment box below ?
8 Legit Ways to Make Money with Bitcoin (Cryptos) – No 2 is the Easiest!
I understand why you are trying to make money with bitcoin; you’re either tired of that job, that vocational skill that’s not giving you enough, you’re a student and you’re trying to start taking your own responsibilities or, you are just looking for a reliable side-hustle.
That’s quite good, I hate comfort zones too.
But you need to be very careful because you can easily be scammed due to your lack or inadequacy of knowledge about making money with cryptocurrencies.
Right in this blog post, I will highlight a few ways you can definitely make money with bitcoin and other cryptocurrencies. And I will also show you a few ways you can spot a scammer who’s trying to turn you into a prey.
Before we go into the pool, do you know what bitcoin or cryptocurrencies are?
Oh well, for the sake of those who need a brief introduction, let me say one or two things about cryptocurrency so that you’ll understand basically how it works.
What is Bitcoin and Cryptocurrency?
A cryptocurrency is simply a “digital money”.
Too quick right? Okay, let me explain further;
A cryptocurrency (“Crypto + Currency”) is a means of exchange or currency that makes use of digital files as “money”. These digital files are so secure because they’re created using a method known as “cryptography” and are decentralized.
Let’s me make it clearer;
Cryptography is the science of hiding information, meaning that you can visibly see the currency (just like the Paper notes or coins) but you can know how much of a cryptocurrency you have, you can send, receive and trade it.
“Decentralized” simply means it is under nobody’s control.
This is the most interesting part of cryptocurrencies. Unlike the US Dollar, Japanese Yen, Nigeria Naira and other currencies that are being controlled by the government, nobody is controlling bitcoin or cryptocurrency!
What is bitcoin?
Bitcoin is a cryptocurrency created in 2008 by someone or a group of people (anonymous) called Satoshi Nakamoto.
Bitcoin is one of the cryptocurrencies we have, just like the US Dollar is one of the note currencies we spend in the world. Other cryptocurrency we have included Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Monero (XMR) and so on.
Now that you know what bitcoin is, let’s talk about making money with it.
Kindly note that just like you can make money with bitcoin, you can also make money with Ethereum and other cryptos.
Make Money with Cryptos: How to Make Money with Bitcoin
This is the fastest way to make money with Bitcoin and any other cryptocurrencies.
Trading requires deep knowledge and insight about the crypto sphere. You need to learn how to do your Technical analysis, Fundamental analysis and sometimes, Sentimental analysis.
If Cryptocurrency trading is easy, everyone would have become a billionaire by now.
You need to invest in learning ‘how to trade crypto’ by paying a mentor who’s a lion in the space.
Note that Trading is risky, you can make a lot of money if your analysis is correct while reverse is the case if your analysis didn’t tally with the market.
So, you can learn how to trade, if you can afford the mentorship fee.
The mentorship fee varies from $200 (N100,000) upwards depending on the mentor’s package.
You are wondering, what is the meaning of “HODLing”, isn’t it?
Well, HODL simply means “Hold”.
HODL is a term used in cryptocurrency which means to hold a particular coin for a while, with the expectation that the coin will gain more value in the future.
A good example is when they told you to HODL Bitcoin.
One (1) Bitcoin was around $5,000 a year ago. Hadn’t you bought a fraction of Bitcoin that was worth $1,000 and HODL till now, you will be in massive profit.
Because bitcoin is now $60,000 (as at the time of writing this) – that’s 6 times increase… you will have more than $6,000 now.
HODLing is a safer way to make money with bitcoin and other cryptos. It’s just like saving money and you have nothing to lose.
HODLing is slow compared to Trading.
But I personally prefer to be on the safer side.
You can get crypto wallets to start your savings today. Below are the list of apps to help you get started;
Top Wallets to HODL (Save) Cryptocurrencies
- 1. Binance
- 2. OkeX
- 3. Luno
- 4. Buycoins (for Nigeria)
- 5. Trustwallet
HODLing to make money with bitcoin doesn’t require a special skill. All you need to learn is how to create your account and verify it and finally, how to buy the cryptocurrencies.
Staking is a way to make money with cryptos.
Generally, staking is like a “BONUS” but more massive than a mere bonus you may be thinking of.
If you’re holding a particular coin, let’s say Ethereum…
You will have to just keep the Ethereum there and wait till the price pump (increases). But as a sharp guy, you are supposed to make money with Ethereum instead of waiting for the pump season.
That’s where “staking” comes in.
You can stake Ethereum to earn another coin for FREE.
I sometimes staked ETH and earned COMP for free. Later, the price of ETH and COMP pumped at the same time, that’s profit for me.
For instance, let’s say I staked $50 Ethereum to earn COMP.
After a month, I have earned a free 0.004 COMP…
The COMP that I earned is FREE, and I will make money if I sell it. Note that my ETH is still there and its price is increasing as the market is pumping.
In essence, Staking is a 2-in-1 way to make money with cryptos.
You can check on the likes of Okex, Binance and the BSC platforms for coin staking.
4. Receive Payment with Cryptos
A good but not common way to make money with Bitcoin.
If you’re a freelancer, you can simply ask your client to pay you in Bitcoin or any other cryptocurrencies. I prefer this option as a method of receiving payments from abroad as it is faster and safer.
If you worked for someone and the agreed price is $100, if you receive the money in fiat (paper currency), you can never have the same $100 in your Bank account. Why?
If you receive the money through PayPal, you’ll be charged by PayPal if you are withdrawing directly. And if you are exchanging the funds, you will lose some money due to the exchange rate and the exchanger’s commission on the transaction.
Same thing applies to receiving the money through a freelancing website, most of them charge 20% fee. That’s $80 left and the payment processor will still take theirs.
But if you receive the $100 through Bitcoin, Ethereum, you will have more than that $100 in a few days, if you can HODL and even proceed to STAKE it.
5. Become an Exchanger
There’s money in this business, but you need to have money to make the money.
Some people want to SELL Bitcoin while some others want to BUY. What if you cover the distance between these BUYERS and SELLERS?
You buy from the SELLER at a particular price and SELL to the BUYER at a higher rate.
Let’s say you bought Bitcoin at the rate of P500 per USD, you can sell to the person that wants to buy Bitcoin from you at the rate of P540 per USD… Meaning, you will make P40 on every dollar transacted.
NOTE: P is your local currency such as Naira, Rupees, Cedis etc.
Let’s say you bought $100 worth of Bitcoin at P500, that’s P50,000 spent, right?
If another person comes to you to buy $100 worth of Bitcoin, and you sell at P540 per USD, that’s P54,000 – meaning you’ve just made P4,000 profits.
That’s just a peak of how a (local) exchanger like this TrueXgold.com makes money with Bitcoin and other cryptos.
Do you know that you can HODL and STAKE in the process (before someone shows interest in buying from you)…?
I once sold $60 worth of ETH because I needed money urgently.
Do you believe that ETH pumped massively the second day? Hadn’t been I haven’t sold the ETH, I would have made more than $100 (about $40 profit).
Well, the exchanger got the profit.
Another great way to make money with Bitcoin as an exchanger;
If you have some money to invest, you can hire developers to develop an exchange platform like Binance, Hotbit, Buycoins etc., for you.
But it requires a lot of processes and money to be spent on the development and marketing team.
You should have a minimum of $30,000 for this project.
You can try the local exchanging business and see how it works.
6. Crypto Faucets
Without much ado, Crypto faucets let you earn FREE coins or tokens by completing a given task.
Sometimes, it can be to play games online and earn very small tokens as reward.
A good example of websites that offer this type of rewards is Freebitco.in where you will be given free satoshis (small amount of bitcoin).’
You can also get Brave browsers and engage in some of the opportunities that pop to you.
Do more research on this, there are many apps and websites that reward free tokens by completing simple tasks.
7. Crypto Mining Pool
Just like hidden treasures like Gold and Silver are mined, cryptocurrencies can also be mined but not with the spade or digger. You need strong machines and hardware to mine cryptocurrencies
Another best way to make money with bitcoin and other cryptocurrencies is to mine them.
Setting up this machine is a bit technical and expensive.
But, you can also find some platforms (websites or platforms) where you can mine cryptos or tokens for free without setting up any machine.
An example is Stormgain, where you can start mining bitcoin with a small fee.
Do your research on this too.
8. Affiliate Marketing
Affiliate marketing needs no introduction, but if you don’t know anything about it, kindly read this post on what’s affiliate marketing and how to be successful at it.
The easiest way to make money with Bitcoin and other crypto is affiliate marketing.
You don’t need to spend anything than recommending a platform to someone through your unique affiliate link and you earn commission if the person takes action.
Almost all crypto exchange platforms have this feature.
For instance, Okex will give you $30 if you invite your friend to BUY cryptocurrency on the platform. Binance, Hotbit, Bundle Africa, Luno and others have theirs.
Imagine you referred 20 people to BUY their cryptos on OKEX with your affiliate link, and 5 people actually take action, that’s $30 x 5 = $150 for you.
Affiliate marketing in crypto is a side hustle though.
You can also try Airdrops.
I don’t really want to talk about this because most of them are FAKE and others are pure scam. But nevertheless, some people who’re lucky enough, still make money with Airdrops.
So, DYOR (Do Your Own Research) on Airdrops and how to make money with it.
CONCLUSION: What’s the best way to make money with bitcoin (cryptos) in 2021?
I have highlighted 8 ways you can make money with cryptocurrencies and this applies to anybody irrespective of your location, either Nigeria, USA, India or Italy.
But try as much as possible to avoid being scammed.
If you don’t know something, Google is your friend, read and consume a lot of information online and if you have the money, get a mentor.
Kindly note that FOREX including Cryptocurrency trading or engaging in it is risky, so don’t borrow money to invest and don’t invest more than you can afford to lose.
Those are the ways to make money with bitcoin and other cryptocurrencies.
If you found this content helpful, kindly subscribe to my newsletter and share with your friends by clicking on the floating social media icons.
Don’t forget to follow this blog on Facebook and Twitter to receive updates of the future blog blogs. STAY SAFE.