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bitearner.online Review: Fake Blockchain Earning. Shitty Website!

Bitearner Review: Scam or legit? bitearner.online claims it is a blockchain earning platform. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review , we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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WHAT IS BITEARNER

Bitearner.online is simply a shitty platform run by scammers. A mere look at their untidy, empty platform shows that the people behind this shady platform are unprofessional zealots hungry for your money. There is nothing meaningful in the platform, just an order for you to put your seed phrase, provide your bitcoin wallet address and your bitcoin balance.

BITEARNER.ONLINE SCAM REVIEW: DISTURBING THINGS FOUND

Though this platform might appear legit to a newbie, the truth is that it is just a wishy washy site built with the intention of scamming eager investors. The way this scam works is this- Once you provide your bitcoin wallet address, seed phrase and balance, from the balance provided by you they would know if you are a potential victim. That is why they are mandating you to provide your real bitcoin balance, that way you would save them the stress of hacking into an empty bitcoin wallet.

From the image below, you can see the complaint of a customer that was recently scammed.

Conclusion:

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams..

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

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10 Best Ways Of Earning Passive Income Online From Bitcoin

CoinSutra » Cryptocurrency » 10 Best Ways Of Earning Passive Income Online From Bitcoin

Earning online passive income was never easy, but with the advent of Bitcoin, the blockchain, and other cryptocurrencies, things have clearly changed. However, the ‘easy’ income opportunity has also led many to fall for scams.

Bitconnect scam, Tezos scam etc are not news anymore and just so you understand the sheer magnitude of such crypto scams, here is a data by Australia where over 1200 complaints regarding crypto scams were lodged last year.

To make it clearer, It is not easy if you haven’t spent time educating yourself on the latest revolution.

However, we at CoinSutra understand that not everyone has the time for due diligence and that is why we go the extra mile by presenting our research to you.

That, however, doesn’t mean you should follow us blindly. You should DYOR (Do your own research) but you can very well bank upon us for a headstart in the right direction.

In this write-up, we will discuss various, but legit, ways of making money from Bitcoin on a very high-level. I will also leave you with some specific links in each section so that you can dwell deeper into options that appeal to you most.

Best ways to earn passive Bitcoin income

1. HOLDING (#HODL)

One of the easiest ways of earning money from cryptocurrencies is to buy good cryptocoins and hold them. By good coins, we mean coins that have good fundamentals and a use case that shows that its value is bound to increase over a period of time.

Now the big question: How to identify coins with good fundamentals?

Well, this is where CoinSutra can give you a headstart in the right direction. At CoinSutra, we regularly keep covering the coins that we think have great fundamentals and a better future. Take look at our coverage below, but also understand that this is not a piece of investment advice.

You should ideally hold such coins for anywhere between 6 months to a 2-year period and take out your principal amount from the profits you are generating on the go!

This is popularly also known as HODL.

2. STAKING

Staking is another superb way of earning in the cryptocurrency space. In this method, you simply need to buy and hold your crypto coins in a special wallet to earning regular dividends or profits on it.

This method is usually employed by proof of stake cryptocurrencies because in this way they reward the stakes and secure the blockchain as well.

In this method, you need to keep your wallet online most of the time to earn those dividends and these dividends are paid out in the native cryptocurrency called the staking reward.

For example, Tezos (XTZ) a popular coin offers 6% as staking return. More over, as this cryptocurrency gain more popularity, the price increases over the time.

Tezos can be staked on Binance or using Ledger Nano X wallet.

Some more coins that you can stake are:

3. LENDING

Lending is a century old method of earning money and the same concept of lending you can apply to cryptocurrencies like Bitcoin and Ethereum too.

If you have significant Bitcoins or Ether, you can lend it to people who will pay you extra interest to your Bitcoins or Ether.

There are companies that help you lend your Bitcoins, some of which have been listed by CoinSutra in this article: How To Earn Interest on Bitcoin & Other Cryptocurrencies ( Practical Guide)

4. MINING

Mining cryptocurrencies like Bitcoin, Litecoin, Ethereum or Monero is another profitable avenue from which you can earn passive income.

However, mining of Bitcoin or other profitable coins is rather difficult. You also need powerful equipment like ASICs or GPU rigs to mine these coins profitably.

Also, expenses on electricity and cooling equipment are huge. Because of such entry barriers, the task of mining has become limited to mining farms or cryptocurrency mining professionals.

There are some cloud mining services out there that claim revenue generation for their clients but their terms & conditions don’t look profitable at all. So choose your options smartly.

5. TRADING (#BUY THE DIP, #SELL THE HIGH)

Trading is basically buying the coins cheap and then selling them when it rises by 10-30% or whatever your target price is.

If you are someone who is good at technical analysis and charting the price movement based on analytical tools, you can use this method of earning through crypto. Also, you can keep a regular eye on the market and make buy/sell decisions based on news or fundamental development of a particular project.

Even if you choose this route over HODLing, you should systematically take out your principal amount back when the price of the coin rises. Day trading or seasonal trading has become a major passive money maker for many Bitcoin users.

Some of the trading websites/exchanges that you can use are mentioned in these links:

6. IEO INVESTING

IEOs, also known as Initial exchange Offering, is a modern-day method of getting crowdfunding.

IEOs are also referred to as token generation events or token sales which is the same. But earning money from investing in IEOs or token sales is not as easy because you need to do a lot of due diligence on a lot of things when buying an IEO. Some of these things are:

  • Use case feasibility
  • Competency of team
  • Government regulations
  • Technical barriers
  • Token-economics etc…

If you don’t research enough, you might find yourself in scams similar to what happened in earlier ICO phase, such as CoinDash ICO scam.

You should follow news from some of the popular exchanges like Binance, OkEx, Bitfinex, BitMax who are regularly doing new IEO’s.

7. MASTERNODE

Masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like you have Bitcoin full nodes and is always up and running.

Apart from being up and running, it also does some special tasks in certain cryptocurrencies and in exchange for doing these tasks these masternode owners are incentivized.

For running masternodes, different cryptocurrency projects have a different minimum number of coins, as a requirement to start.

For example…

  • One needs a minimum amount of coins of that particular crypto. (For DASH MN you need 1000 DASH units and for PIVX MN you need 10,000 PIVX units) so this minimum number varies from crypto to crypto.
  • One needs a VPS or server to host that wallet for 24 x 7
  • One needs a dedicated IP address for that
  • One needs some storage space to save the blockchain

Note: Beware of scammers because not every coin is worth buying and running a masternode.

8. AIRDROPS

Airdrops is another exciting and novel way of earning from cryptocurrencies.

Airdrops are basically when you are freely given or airdropped new cryptocurrencies or crypto-tokens because you were holding some other cryptocurrencies.

Last year, Ethereum HODLers were airdropped with OMG tokens which are now worth $18 each. Similarly, Bitcoin HODLers were given free Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond etc.

But to claim such airdrops, you need to control your parent funds on which airdrop will be done, which basically means you should have access to the private keys of your parent funds.

That is why we recommend you to hold your cryptocurrencies on devices like Ledger Nano S or Trezor. If you hold your parent funds on exchanges, you might not get free cryptocurrencies airdropped.

Note: Never give out your seed or private keys to anyone.

9. Cryptocurrency Dividends

Another easy of earning passively in the cryptosphere is to buy and hold cryptocurrencies that give you dividends for just holding them offline in any wallet.

There are many such currencies that give out dividends in such manner but not all are worth buying and holding.

However, there are some that are worthing buying:

10. BLOGGING

You can earn money by blogging and writing on websites that pay you in cryptocurrencies if your content is liked by the readers. Also, if you already know that your content is valuable, you can directly monetize your content for cryptocurrencies for giving the full access to your content to the respective reader.

Some of these websites that allow you to do so are:

Conclusion:

It might look like earning money from Bitcoin and cryptocurrencies is very easy.

Easy it is if you do your research and put in your fair share of hard work.

Similarly, this line of earning has its own pros and cons, so beware, focus on self-education and always DYOR to avoid getting scammed.

In the end, I will leave you with this short summary by Harsh on how to make money from cryptocurrencies.

I will now leave it to you to decide which way of earning you chose from the options. Do share your choice with us in the comment section below.

If you like the post, please share it with your friends!

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

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