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I respect it as a first step to find familiar with Bitcoin in general. Also, it is interesting to see what kind of services are enabled through frictionless money transfers.

Lend directly to someone you know. This allows you to assess personally, if you respect the debtor as

Only need to agree on the conditions like duration and interest rate and away you go. The drawback is, however, that you probably will not have too many acquaintances that

Peer to peer Bitcoin lending sites with listings from various borrowers are another option. Bitbond

And you can contribute to your own loan. You can fund modest portions of many loans and thereby increase default risk.

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Bitcoin loans usually work exactly the same way as fiat currency loans. The debtor gets a certain amount of money within a specified time

and repays the money with interest. There are just two things that you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and

The borrower needs to be trustworthy. When the site assesses the creditworthiness of the applicants

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A Bitcoin banking like model. Here you put your Bitcoins as a deposit using a site that pays you a fixed interest rate on these deposits. As everything

Here, this method has advantages and disadvantages. The fantastic thing is, that you don't need to diversify your Bitcoins over many creditors. You simply place your Bitcoins with your

Bitcoin bank and that is it. You earn Bitcoins as a continuous stream of interest income. But be very careful. In the previous instance of peer to peer lending you diversify your

You hope one single debtor which is the bank. If they don't do a good job in managing your Bitcoins, everything

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Can be dropped at once. That is because the bank takes you deposits and invests them in funds, the most important assets usually being loans. Should they do a Fantastic job You're fine

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As you just collect the interest payment. When they don't do a good job you simply take the strike. An there is no deposit insurance in the Bitcoin world, also.

You hope. Such sites will comply with the usual requirements that you expect from non-Bitcoin related websites as well. That means they have

Appropriate terms and conditions in place, they disclose their status of incorporation and contact details. Some sites in the

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When you perfom mining, your computer adds new Bitcoin transactions to the block chain (a public ledger where all

Bitcoin transactions are stored) and hunts for new cubes. A block is a file which has the most recent Bitcoin transactions

Listed in it. When your computer discovers a new block, then image source you get a certain number of Bitcoins. Currently a cube contains BTC 25. This number changes

Since bitcoin mining has come to be a hardware intense and therefore expensive process, many individual miners join a so called mining pool.

By providing computing power to their More hints pool you can earn Bitcoins from mining without the need to construct your own big mining plantation. There are entire communities around

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Bitcoin mining and besides the fact that you earn Bitcoins it is also fun. You meet new people online and have in-depth knowledge about Bitcoin as a protocol and technology.

If you want to earn Bitcoins through mining, be aware that it is a costly and time consuming process. Read the respective introductions and

When you earn Bitcoins through hints, it is much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the folks

Who can potentially give you a tip need to be aware of it. There are various places where you can receive Bitcoin tips.

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Again, your store is the very first thing to begin with in why not find out more case you have one. It's just a bit easier because since tips are voluntary you don't

Really need to look at the incoming payment and the specific amount. Simply show the QR-code and assess daily exactly what came in.

With hints, the nice thing is that you don't necessarily need to have a shop. A blog for instance or any other site is sufficient.

You can display the QR-code or your Bitcoin address at the bottom of your page or wherever it seems convenient and let people decide how much

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they want to tip you. You can even view how this seems like in the footer of the German blog bitcoins21.

Another very cool way to become tipped online is Bitfortip which was mentioned above. This service allows one

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