The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The value of Bitcoin continues to rise, attracting more and more people. However, Bitcoin is not only the value that attracts attention, but also an important reason is that it can make money. Many people may not know how to make money with Bitcoin? Making money with Bitcoin has always been a controversial topic, because it has high returns but also high risks, which makes many people get stuck in it but fail to make money. Making money with Bitcoin mainly involves four aspects: mining, trading, investing and accepting Bitcoin payments. Next, the editor of Bitcoin Circle will introduce in detail the principles and methods of making money with Bitcoin.

 How to make money with Bitcoin?

There are many principles and methods for making money with Bitcoin, including but not limited to the common four aspects of mining, trading, investing and accepting Bitcoin payments. The following are 4 common ways:

1. Mining

Bitcoin mining refers to adding new blocks in the Bitcoin encryption network to the public ledger chain through a series of complex calculations, and obtaining corresponding Bitcoin rewards. Mining requires the purchase of professional mining machines and a large amount of electricity costs, and the computing power generated will gradually decrease.

Specifically, Bitcoin mining requires finding a target hash, which is a random hash generated in a calculation, and comparing it to the target hash. If the target hash is found, the miner is rewarded with Bitcoin. In the Bitcoin network, a new block is generated every ten minutes or so, and this block contains all transaction information and other important information.

Miners' probability of success is directly proportional to the number of Bitcoins they mine. Mining is difficult and requires patience and skill. As the Bitcoin network grows, mining becomes more difficult, requiring faster computers and more computing power. Therefore, now only miners who strictly follow the Bitcoin protocol can mine Bitcoin.

2. Transaction

Bitcoin trading refers to the act of exchanging Bitcoin for currency or other assets to earn a profit. Through Bitcoin trading, users can buy or sell Bitcoin. Bitcoin trading can be done on exchanges, which allow users to exchange Bitcoin and other cryptocurrencies with other users.

Provides a trading market that allows users to buy or sell Bitcoin at the current market price. Bitcoin exchanges are a non-legally regulated market, which means that exchanges may have loopholes in making profits. Bitcoin transactions also involve certain fees, including transaction fees on exchanges, etc.

The benefit of Bitcoin trading is that users can make profits by taking advantage of the differences between different currencies. However, this difference is unstable and there is a high degree of volatility in the Bitcoin trading market. Therefore, Bitcoin trading requires careful risk management strategies.

3. Investment

Bitcoin investing involves buying and holding Bitcoin and earning income as its market value grows. Bitcoin's market capitalization is highly volatile and may suddenly increase or decrease over a short period of time. However, the value of Bitcoin continues to grow, and the main reason is that people's trust in its value is increasing. Therefore, Bitcoin investing can be a stable investment strategy.

The value of Bitcoin is affected by supply and demand, so when demand for Bitcoin increases, its value usually increases. Therefore, you can earn the difference by holding Bitcoin, and when market demand is high, sell Bitcoin to make a profit. In addition, holding Bitcoin can also be used as an investment strategy for other cryptocurrencies, such as Ethereum, Litecoin, etc.

4. Accept Bitcoin payments

Many merchants started accepting Bitcoin as payment currency. This can be accomplished by adding Bitcoin to merchants’ payment systems, giving users the option to pay in Bitcoin. In addition to benefiting the promotion of Bitcoin, merchants can also reduce transaction costs by accepting Bitcoin as a payment method.

Bitcoin payments have lower fees than traditional credit card transactions. Additionally, when conducting international transactions, Bitcoin payments avoid currency conversion fees and interchange fees.

Although the popularity of Bitcoin payment is still relatively low, due to its security and low cost, Bitcoin payment is gradually becoming an emerging payment trend.

 Is it legal to make money with Bitcoin?

The use and trading of Bitcoin is legal in most countries. Bitcoin itself is not illegal, but is a digital asset, similar to gold or other commodities. Therefore, it is legal for people to make profits by buying, holding, trading, and investing in Bitcoin.

It is important to note that the legality of Bitcoin does not mean that money can be made legally under all circumstances. Bitcoin trading and investment also involve some legal and regulatory considerations, especially in certain countries or regions, where there may be regulatory restrictions or tax regulations for Bitcoin transactions. Therefore, investors should understand the laws and regulations in their region and comply with relevant regulations.

The method of making money with Bitcoin may also involve risks, such as the volatility of the investment market, network security issues, scams and fraud, etc. Therefore, when participating in Bitcoin money-making activities, investors need to do sufficient research and risk assessment, carefully choose the appropriate method, and pay attention to protecting the safety of personal assets.

All of the above is the answer to the question of how to make money with Bitcoin. The success of Bitcoin has also brought many opportunities, attracted a large number of investors and entrepreneurs, and promoted the development of the entire cryptocurrency industry. However, although the money-making mechanism of Bitcoin seems magical, there are also certain risks, and the Bitcoin market is highly volatile and risky. Different ways of making money have their own specific risks and technical thresholds. Therefore, investors need to have Sufficient risk awareness and analytical skills. Before participating in any way to make money, be sure to do sufficient research and risk assessment, and manage funds carefully.