Of course, this will mean you will need to gain some sort of reputation for yourself as a trustworthy person in the community. The idea is pretty simple — you lend out a certain amount of your coins to people for crypto-related projects usually and get them back with an interest. The good news is that you can get very high returns through lending.
The bad news is that with high returns also comes high risk. I no longer thing this is a safe way to earn Bitcoins. Bitcoin Investment sites avoid at all costs!
New Jersey and Bitcoin Taxation
Every day I get at least one or two emails from people who have been conned by these sites. What the site generally does is pay members using new member deposits that come in. This continues until one day the site decides to completely disappear from the web with the majority of their investors money. They are not a way to earn Bitcoins, they are a way to lose Bitcoins.
Bitcoin mining is not a way to earn Bitcoin fast or free. Well, in that case, you should perhaps read this article I wrote a while back.
There is no easy way to make a substantial amount of Bitcoins
There are a lot of Bitcoin gambling websites out there that will gladly take your money for the chance of winning a bigger pot. More on Bitcoin CFDs here. And here is a list of many of the Bitcoin affiliate programs out there. A rotator site is a site that allows you to quickly surf through different faucets without opening a new site or tab each time.
The links to each faucet inside the rotator are referral links, and the rotator owner earns a commission from each faucet you visit through it as well. The idea of the website is simple, someone posts a question with a reward. Whoever answers the question best gets the reward. The questions require some research online, here are some examples: Find the cheapest price for the a specific mobile phone online Find the best Bitcoin advertising platform The amount of the Bitcoin reward is being determined from the inquirer.