- The word ‘Bitcoin’ will be new to most of them and if you’re one among them, then you should probably read this article to learn the basics of bitcoins.
- If you know something about bitcoin and have no bitcoins (does not apply if you want to buy bitcoins for investing), there is no use in reading this article. So, I recommend you to earn bitcoins first before you plan to invest. This article will be very helpful for you – 10 ways to earn bitcoins for free.
- Continue to read if you own a bitcoin wallet at least with $2 worth bitcoins in it.
- There are several sites and marketplace available on the internet to invest bitcoin. It could be bitcoin trading site, peer to peer lending site, banking site, bitcoin doubling site, bitcoin multiplier etc. You should be very careful in using your bitcoins as they are digital currencies and no legal government laws are there to help you if you loose them.
- Before choosing the site, you should first clear your mind where to invest. Coming to bitcoin trading, you should be very experienced else there is 99% of chances to loose all your bitcoins at a stretch. And on the other side, you can make unimaginable money through bitcoin trading.
- In the case of online bitcoin savings banking, they pay interest less than 1% which is unprofitable and it will make you nothing at the year end.
- So, you should be smarter in investing your bitcoins, where your bitcoins will be safe and profitable. Bitcoin lending is one of the best ways earn interest safely.
1. Peer to peer bitcoin lending:
- Bitbond is the best peer to peer bitcoin lending site, where one can lend bitcoins for interest or borrow bitcoins for their business.
- Bitbond is the safest place to invest your bitcoins as they check borrowers thoroughly before they are added to the borrower list.
- Bitbond has one of the effective features of diversifying your portfolio, to protect your investment.
- The best feature in Bitbond is you can lend money both in terms of Bitcoins and USD. As USD value fluctuate every day, it is good to lend bitcoin in bitcoin value on that day or you can lend as USD directly if their purpose of using your money is related to other business.
- The registration procedure is pretty simple in Bitbond for investors. Just click this link to go to the registration page – Bitbond.
- Enter your name and email ID. Fill the password of your desire. Accept their TOS and click join now.
- Bitbond will send an email to your primary inbox to verify the email address you’ve entered. Click the verification link to complete the registration.
- For the first time when you log into your account, the dashboard will look similar to this.
- The first thing you’ve to do is invest your bitcoins. To do so, you should note your bitcoin address that will be given at the left bottom of the dashboard as shown in the above picture.
- Go to your primary bitcoin wallet and click send bitcoins. In the address column, enter this Bitbond bitcoin address and fill the amount you wish to invest and then click send.
- Though Bitcoin transfers are made very quickly, you should wait for 30 minutes to confirm your transaction.
- After completing the transaction, click invest in loans to start lending you money. Once you click the list of borrowers will appear on the screen as shown below.
- The first column in the list is the rating of the borrower, the second column is the loan period, the third column shows the nationality, the fourth column tells the currency of the loan.
- The fifth column shows the total amount asked by the borrower and in the sixth column, the amount mentioned and blue filler indicates the total amount that the borrower have received from other lenders.
- If you wish to lend a borrower, click place bid to open his profile. You should read the profile carefully before you lend money.
- I’ve clicked the 7th borrower in that list to show an example to you. That particular borrower has D rating and his monthly income is $1700. And the reason for his loan has been mentioned. You should note the loan period, interest etc before you lend.
- The borrower mentioned above had requested a 1.30฿ loan and he received 0.62฿ from other lenders already. Suppose if you wish to lend a borrower similar to the above one. You should click place bid.
- Once you click place bid, a popup box will appear as shown above. You should enter the amount (Ex. max. 0.68฿) that you wish to lend and click place bid.
- Your amount will be lent once you click place bid and the interest plus the principal amount will be settled within the loan period.
- If you’ve deposited 1฿ in Bitbond, you should not lend all one bitcoin to a single borrower. Instead, you should invest in many bids.
- For example, there are 50 borrowers and you wish to invest 1฿, you should lend bitcoins like this 0.1฿ x 10 borrowers (or) 0.02฿ x 50 borrowers.
- Even though Bitbond is very safe. They recommend investors to lend bitcoins in small parts to several borrowers to ensure the safety of the amount.
- And apart from safety, you should lend a small amount of bitcoin to more borrowers for short period to earn more.
- This doesn’t mean that you’ve to lend bitcoins divided equally. You can lend 0.50฿ to a single borrower and diversify remaining or lend 0.50฿ x 2 borrowers. The minimum loan amount is fixed as 0.01฿.
- You can get the detailed investment report anytime by clicking investment in the menu.
- The money invested, interest received, the status of the investment will be clearly given under investment tab.
- The auto algorithm is the best feature in Bitbond. If you enable the auto algorithm to invest everything will be done by the programmed bot and you don’t have to do anything like searching the borrowers, lending etc.
- To enable auto-invest you should invest at least 1฿ in your primary Bitbond account. And after investing, transfer the bitcoin to the auto invest account.
- Once you’ve 1฿ in auto invest account, you can enable auto invest.
- Auto invest is very safe that it lends only 4% of the fund to a single loan. And there are much more features to make the investment safe and profitable.
- And this is how you earn interest for lending loans.
- Be smart, take your time to create an effective income. You will never get succeed if you hurry. Learn about the strategy and invest according to that.
- In mean time earn more bitcoins to invest more. You can earn $20 worth bitcoins every day by working on these sites.
Registration: To join, click here – Bitbond.
2. Invest Bitcoins for interest:
- FreeBitcoin is the world’s best bitcoin faucet, that has been paying its users for years. Every few months they are introducing the new features to increase the income of their members. One of which is the paying interest for the balance.
- FreeBitcoin pays 4.08% Annual interest for the balance present in the member’s account. Whether the amount is deposited or earned, the FreeBitcoin will pay interest daily.
- The amount deposited can be withdrawn anytime on the FreeBitcoin. FreeBitcoin is 100% safe to deposit the money.
- Also, FreeBitcoin can be used as a Bitcoin wallet. Previously, Xapo and Coinbase have announced the deduction of the transaction fees for lower value bitcoin transactions. But, FreeBitcoin allows it’s users to transfer funds from the account for free of cost(only for non-prioritized transactions). Start investing bitcoins on FreeBitcoin to earn interest.
- The Swissadpaysfacuet is another bitcoin faucet similar to the FreeBitcoin which is trusted place to invest bitcoin to earn yearly interest.
- Swissadpaysfaucet is a step ahead in paying interest. They pay 10% yearly compound interest for the premium members and 4% interest for the standard members. You can become a premium member just by paying $3 per month.
- You have to just deposit the money on Swissadpaysfaucet. They will automatically pay the interest on the daily basis. The deposited bitcoin can be withdrawn anytime along with the interest earned. The withdrawal to Coinbase & FaucetHub is free while withdrawing funds to other wallets might cost you a little fee.
Note: I’m testing more bitcoin investment sites, which will be more effective than the above-mentioned networks. Bookmark this page for future reference and if you want my help, contact me via Skype – tami91911.