How to make money with bitcoins
The first method of making money with bitcoins is selling on popular exchange sites where buyers come to purchase bitcoins through an escrow trade. Meaning the bitcoins you have that you are looking to make profit on can be listed at a higher exchange per bitcoin than the current bitcoin price offering people a quicker way to obtain larger amounts of bitcoin than some sites where it may take days for them obtain their bitcoin sometimes even weeks.
Firstly you will want to make an account with one of the more popular peer to peer bitcoin exchange sites like localbitcoins.com or paxful.com. Once you have made an account and transferred your bitcoins to your personal exchange wallet you can create a listing to sell your bitcoins above market price for a number of different payment methods. One of my favorite payment methods being Amazon gift card, the reason I like this method is because if planned on purchasing something off Amazon or you normally shop there you can usually get %25 more for your dollar value so if your selling $75 worth of bitcoin you can usually trade those bitcoins for an Amazon gift card valued at $100.
The way this trade works is once you have your trade offer active on the exchange a seller will respond to the trade with the amount of bitcoins they want to purchase and a chat between you and the buyer will be initiated placing your bitcoins in a secured escrow. Once you and the buyer agree the seller would then provide you with the Amazon gift card and once you have verified the gift card you release the bitcoins to the seller and the trade is complete.
Stay tuned for part 2.
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