Earning with Bitcoin in Kenya

Kenya, like many other nations, is increasingly embracing buy Bitcoin quickly and other cryptocurrencies, ranking among the top 10 countries with the highest Bitcoin holdings per capita globally. With Bitcoin’s growing popularity in Kenya, individuals are eager to explore avenues for earning Bitcoin within the country. However, it’s crucial to grasp the fundamental aspects of Bitcoin before engaging in related activities.

Bitcoin Guidelines

When dealing with Bitcoin, it’s essential to adhere to certain do’s and don’ts:

• Consider trading or investing in Bitcoin for the long term. Avoid altcoins, which are often duplicates, scams, or lack substance.
• Only invest in Bitcoin with funds you can afford to lose. It’s generally advisable not to allocate more than 10% of your total funds to Bitcoin. Day-tradingandspeculativeactivitiesarediscouraged.
• Utilize non-custodial wallets for storing Bitcoin. Avoid leaving your Bitcoin on cryptocurrency exchanges after purchase. Opt for mobile wallets like Samourai or BlueWallet, or cold wallets such as Trezor for long-term investments. Ensure you have secure backups in case of wallet loss.

Earning Opportunities with Bitcoin

There are several ways to earn Bitcoin in Kenya:

Buying and Selling Bitcoin: Acquiring Bitcoin and holding onto it can be a lucrative option. Create an account with a cryptocurrency exchange like Yellow Card or Bitnob, purchase Bitcoin, and hold onto it until prices rise significantly for profitable selling. Employ Dollar Cost Averaging to invest fixed amounts at regular intervals for minimal risk.

Online Earning: Various online tasks or activities allow you to earn Bitcoin in Kenya:

• Slice: Earn Bitcoin while browsing the web.
• Bitcoin Magazine App: Earn Bitcoin by reading articles.
• Tweetoshi: Earn Bitcoin through Twitter usage.
• Fountain app: Earn Bitcoin by listening to podcasts.
• sMiles: Earn Bitcoin by performing everyday activities like walking, shopping, and gaming.

Freelancing for Bitcoin: Work online and get paid in Bitcoin. Platforms like Stacker News, Bitcoiner Jobs, BitGigs, and others offer opportunities for Bitcoin-based work.

Salary Conversion: Convert your fiat salary into Bitcoin using crypto payroll services like Bitwage

Bitcoin Mining: Engage in Bitcoin mining by using computational power to solve mathematical puzzles and validate transactions on the blockchain. While traditional mining requires significant resources, cloud mining services like Genesis Mining, BitClub Network, and Hashing24 offer alternatives without the need for hardware or software. Bitcoin Lending: Earn Bitcoin through lending. Instead of letting idle Bitcoin sit in your wallet or exchange, lend it out to borrowers for interest returns.

Bug Bounty Hunting: Identify vulnerabilities in cryptocurrency platforms and exchanges to enhance their security. Earn bug bounties in return for your contributions to strengthening their systems. These diverse methods offer avenues for Kenyans to participate in the Bitcoin economy and potentially generate income within the cryptocurrency space.