Hey Job Seekers and Blog Readers im back with another tutorial or rant. In this blog post I will talk about How to earn bitcoin in Guyana. I have scrolled in many groups on facebook and see alot of bitcoin scams that exists. This article will not dive into those scams but i will share one of the ways i know you can securely get paid in bitcoin. Before I dive into the process let me first give a brief description of bitcoin and what is it really.
Table of Contents
What is Bitcoin?
Bitcoin is a type of digital money that exists only online. Unlike the Guyanese dollar (GYD), which you can hold in your hand, Bitcoin is entirely virtual. It was created in 2009 by an unknown person (or group) using the name Satoshi Nakamoto.
Key Points to Understand About Bitcoin:
Digital Currency: Bitcoin is often referred to as cryptocurrency. It’s a new kind of money that lives on the internet. You can use it to buy goods and services or trade it for traditional money.
Decentralized: Unlike traditional currencies issued by governments (like the Guyanese dollar), Bitcoin is not controlled by any single institution or government. It operates on a technology called blockchain, which is a public ledger maintained by a network of computers all around the world.
Blockchain Technology: This is the system that makes Bitcoin work. Think of it as a digital book that keeps a record of all Bitcoin transactions. Every time someone sends or receives Bitcoin, the transaction is recorded in this book. Because it’s maintained by many computers, it’s very hard to cheat or alter the records.
Limited Supply: There will only ever be 21 million Bitcoins. This is different from traditional money, which can be printed in unlimited amounts. This limited supply is one reason some people believe Bitcoin will hold its value over time.
Anonymity: Transactions using Bitcoin can be somewhat anonymous. While the transaction details are public, the identities of the people involved are not directly tied to their Bitcoin addresses, unless they reveal them.
Security: Bitcoin transactions are secured by cryptographic techniques, which makes it very hard to counterfeit or double-spend. However, it’s important to keep your Bitcoin safe in a secure wallet, as losing access to your wallet could mean losing your Bitcoin forever.
Uses of Bitcoin: You can use Bitcoin to make purchases from businesses that accept it, trade it on online exchanges for other currencies (like USD or GYD), or hold it as an investment hoping that its value will increase over time.
Why is Bitcoin Important?
Financial Inclusion: Bitcoin provides an opportunity for people without access to traditional banking services to participate in the global economy. This is particularly relevant in countries with less developed banking infrastructure.
Investment Opportunity: Some people buy Bitcoin as an investment, hoping its value will increase. Over the past decade, Bitcoin’s value has seen significant growth, although it can be very volatile.
Low-Cost Transfers: Bitcoin can be sent and received globally with relatively low transaction fees compared to traditional banking systems, making it an attractive option for remittances and international transfers.
Getting Started with Bitcoin in Guyana
Learn More: Before jumping in, it’s crucial to educate yourself. There are many online resources, including articles, videos, and forums, where you can learn more about how Bitcoin works.
Get a Bitcoin Wallet: To use Bitcoin, you need a digital wallet to store it. Wallets can be online, offline, or even hardware devices.
Buy Bitcoin: You can purchase Bitcoin from online exchanges using traditional money or receive it as payment for goods and services.
Secure Your Bitcoin: Make sure to use strong passwords and enable security features like two-factor authentication on your wallet.
Understanding Bitcoin might take a bit of time, but it opens up new possibilities for financial transactions and investments in today’s digital age.
How to Earn Bitcoin in Guyana
Great now that i have explained the basics you need to know how can you truly earn bitcoin in Guyana ? Well first you must create a bitcoin wallet. You can do so by downloading the exodus wallet in play store or using binance or trust wallet or klever wallet .
These platforms allow you to store bitcoin and keep it in a safe place which is your personal wallet.
To earn bitcoin in Guyana you can start with this platform i found called Adsterra.
Adsterra is a Platform Design for Publisher who write articles or Anyone with a Social Media account that would love to get paid for driving traffic to the adsterra website. The most feature that stand out for me when i found this platform is their option of paying via Bitcoin and USDT. This means you can publish content online and get paid when visitors visit your blog or social media page. They provide the option to promote a Global Link which take visitors to Cpa offers online ( I recently shared an article that speaks about cpa offers you can check it out here ) . As those visitors encounter the offers you will get paid for the ad Traffic. The steps involved would be to start a free blog site on a platform called blogger. Then decide on the type of articles you would like to produce. From my experience writing articles about health attract a lot of readers, You can also try news articles.
Once your blog is established you can add your very own banner from Adsterra onto your new blog site and from there every visitor that goes to read your blog you will earn off the impression your blog generates.
In the past i wrote about how Guyanese can get started making money blogging but with adsterra direct link feature you can do the same using your Facebook page, this is very similar to blogging but with the exception that you can make money using your social media page/ posts by posting links in your articles or photos (memes). It means anyone with a social media platform like Facebook can sign up to adsterra and promote their direct link offer.
The platform pays on the 26th of Every Month to your preferred payment methods. With access to a bitcoin wallet being easy in 2024 anyone can start working on adsterra and guarantee payments.
While there are many ways to earn bitcoin in Guyana or any part of the world this is one of the safe ways i know with little to no risk involved. Check out the website Adsterra and remember to do your own research. I will share more information when i can.
Also check out my previous article here How to make money blogging in 2024
