Bitcoin Forum

What are the "safe" options for holders of bitcoin to generate income?

Excuse me? I am not sure what you mean. But if you are talking about which platforms can keep our Bitcoin secure in the long term then my answer is Ledger Nano S.
It is a cold wallet that hackers can never get into, the important thing you need to do is remember and keep the Ledger key code. So you must not be afraid of losing Bitcoin with just over $ 100.

I will say you can make use of bitcoin to earn passive income by holding but that does not mean holding do not have risk. Assuming the price of bitcoin fall during the time you are holding bitcoin, that means you are losing, but if the price increase, that means you gain. You can use bitcoin to earn passive income. Before you can do this, I will advice you to learn little about trading and also know how to analyse the crypto market. Also make use of hardware wallet like ledger nano or trezor while holding and be careful of attackers.

Apart that you can hodl in your wallet or exchange and generate income if you are lucky that price make increase as you hodl, what about you convert to USDT so that nothing changes it for you until you are ready to use. This is another way you can secure your profit.

you can't both hold and make profit. it would be like asking how you can make profit by keeping your money under your mattress.
to make profit on the money you own you have to invest that money in a business. for example you can start a new business with the bitcoins that you have and if you are not capable of doing that or don't have enough then you should find legitimate businesses that accept investors. but this can be very hard since any legitimate business won't want small investors with little money and finding a successful and non-scam one is very hard. an example would be a popular bitcoin exchange like Coinbase (although it doesn't accept investors but is a good example). another example of scam businesses are the cloud miners that ask for little amounts to be able to scam most number of people.

now it is up to you to search for that business.

I can't understand what you mean. If you are looking for a way to generate passive income with Bitcoin, I'd recommend you hodling.

Is there any income (money) generator that will generate profit for you when you are holding your Bitcoin? I don't Thinley so if any then it's called a Ponzi scheme where you will lose your bitcoin eventually instead of generating money. You have to move your bitcoin if you want to generate profits, which means you have to buy/sell. In a short word, you need to trade bitcoin. Simply we can say buy on the dip and sell it when the growing price. But unfortunately, no one can give you a guaranty when it will grow or never grow. So, here is the risk, and without taking risk very less way to earn or generate profits from Bitcoin.

If you "use" your bitcoin to invest i imagine you are talking about those dumb ponzi scams.  If someone ever tells you they can make you more bitcoin if you send them bitcoin its a scam 100%.  Your best bet is to gradually buy more with earnings from a job.  Stack and hold.

You wouldn't earn if you just hold your coin. Keeping 1 BTC for a year and it will still be 1 BTC. What you need to do is either trade or invest in a project that will give an income like a casino bankroll. There are casino projects like Betfury which is currently doing a bounty campaign, betfury sends dividends to their token holders, this must be a passive income generator and there are several existing staking projects too. All of them are rewarding but will ask big investment from you.

First of all Bitcoin ain't really safe due to high volatile (You could loss if you buy in high/peak and the price dropped)

And you want to earn passive income without any risk with Bitcoin, well there's no way you can do that. You'll only trapped in ponzi scheme [1]

You could earn from holding Bitcoin by buy it on the right time and sell it whenever the price hit as your goals.

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[1] https://bitcointalk.org/index.php?topic=5035428.0

You can lend BTC on exchanges for margin trading. As you say, it's "safe", AKA not 100%, but not too bad. Anything involving an altcoin or DEFI is much riskier IMHO.

But to be honest to me the only way (aside from signatures campaigns here) is to have a regular fiat paying job, buying some BTC every month, and hodling that, until one day your stash is worth enough to retire on.

Actually there are no safe options if we really talk about it.
- you can earn
- you can trade
- you can join signature campaigns
- you can hold for a long time or short time
- you can get involved in day trading
- you can trade btc and altcoins
- you can also sell your services
- you can do usd-btc trading which is really beneficial
- you can store them in a wallet which does provide the users with a passive income and give good returns
- you can lend your coins

You can never put up a question of safety but at the same time it's dependent on your luck and experience.

As OP is asking about income, I think another two options would be to deposit bitcoin in freebitco.in, which pays a 4% annual fee, but paying the proportional part daily, or invest in the bankrolls of crypto casinos.

But neither option is "safe".

It is much better to hold bitcoin and wait for the return by capital appreciation.

I'm pretty sure that's not what OP is asking--though I share your confusion.  I think he's asking how he can invest his bitcoin into some other thing in order to earn a profit, and that's a question I've heard before.  Frankly, if you're bullish on bitcoin and think it's going to increase in value, the best thing for you to do is just hold it.  That's it.  Don't invest in cloud mining schemes, gamble it, try your hand at day trading, or any of that.  IMO you're more likely to lose what you've got than to make money.

Bitcoin doesn't generate passive income by holding.  If it goes up, you have capital gains on paper but NOT income.  Please do yourself a favor and learn the definition of the word income.

Yes, that's true but that 1BTC might be worth $50k in a year.  If that were to be the case, wouldn't you say you'd made a profit?

So many BS answers in this thread, it's unbelievable.  And it would be so nice if OP would revisit this thread to clarify what the hell he's really asking.

He can take a look at some platforms like Nexo.io or Celsius and get an 8% APY rate while doing almost nothing. Yes, I can already smell the users who will say you have to trust a 3rd party, etc. But, nowadays most of the platforms have a relatively strong reputation and the person can always transfer out the bitcoins when he feels necessary.

IRL, you trust banks with your account, saving account, etc not much different and you still use it so it must be not so bad after all

Of course, the person could do the same himself with a masternode or staking a cryptocurrency. You can easily make the same ROI but the person needs to convert to an altcoin to start with it

Someone mentioned a casino above, I consider it a bit risky due to the primary nature of their activity

@Paycoinzzz

@OP is asking for a safe method to generate an income while holding your bitcoins. Not how to keep your BTC in a safe place. The whole post os out of topic. He clearly says "to generate income"

@fiulpro

You too, read correctly. He didn't ask how to earn BTC directly but with a passive income

@The Pharmacist


For sure a lot of users don't read the discussion before to reply but often they don't even read just the original post. Sometimes it's a good sign showing they have no idea what they're talking about

Are you looking for Bitcoin to get interest while holding it? Do you know that transferring it to another wallet you never control have the risk of loosing it? There are platform that accept Bitcoin as investment even crypto exchange also have that option but it's risky.because you don't have full control of your balance the only good option that fit for you is staking which is you need to use other crypto currency such as ethereum or BNb to have interest.

Wouldn't this depend on whether the holder considers Bitcoin to be a form of money or an asset with speculative value and the ability to give ROI?
In the case of actual money (fiat), it lacks speculative value and as such its value does not change much overtime, but considering the all time chart of Bitcoin it has mostly appreciated in value and a lot of people have made profit by simply holding it and selling at a higher fiat value than at which they bought.

the point is you need to manage your bitcoins properly, do day trading, sell some and hold some. if you return your income little by little. do it regularly. I thought it was simple.v

If you are looking to put your Bitcoin to work, then I would advice you look into all these new lending platforms out there, between 3-10% interest APY to me is a good return. Just don't put your Bitcoin in any mining scheme or money doubling scheme, you will lose your Bitcoin to scammers

There are none, if you want your coins to be safe then long term storage in a paper wallet or a hardware wallet are your only safe options, if you want to generate profits with your bitcoin you are going to have to take a risk, even something as basic as investing in casinos and receiving small profits has a huge risk because the casino could always run away with your money and if that happens you will lose all your capital invested there, so stop thinking about safe options to multiply your money because that does not exist in any market.

There is no safe option for Bitcoin Holders to generate income,
Even by holding their crypto they are risking their money due to the volatility of crypto.
If you want to generate a passive income then you should invest mining or invest in POS crypto currencies.

There is no such thing as "safe" in investing whether it is bitcoin or not, for the risk is always affiliated with investment and the result will always be the same, you may gain, lose, or just got even. If you will hold your bitcoin and do nothing, it may still gain profit or you may lose either, same as when you do trading.

However, when you sell something or provide services and accept bitcoin as payment it could really increase the number of bitcoins that you have, on the other hand, the risk here is the volatility of bitcoin that when the price dumps then the value of your bitcoin will definitely decrease but I guess this is the safest yet remains to be subjected to risk of loss due to volatility.

simply hold if you must, and sell on your own will.
Some would say just keep on holding in order to gain bigger profit but that's not how this market works to be honest. The market price of cryptos are not consistently increasing as time passes by. The market value of all cryptos are volatile or changing from time to time which makes it a requirement to analyze the market and to not just hold for years such that in real estate investment or with gold-like investments.

To be honest there is no safe way to get income from Bitcoin investment, because the volatile Bitcoin price makes investing
in Bitcoin a high enough risk. But based on my experience in the cryptocurrency world for 4 years, which has the least risk is
to invest in Bitcoin in the long term. But maybe to be able to make a profit you have to be patient, if you want to get profit from
Bitcoin quickly you can try day trading. But the risk of day trading is much greater because it requires a large amount of capital
and requires good market analysis skills to be successful.

@OP ~ But if you want a faster way of earning then try gambling. Though it was a lot riskier among the other means, you can still earn decent amount of btc by doing so as long as you will analyze carefully every bet you place :D. This field is a mixed of luck and skill so I think you can handle this. If you are not well rounded yet with the games then don't worry. I advice you to try sportsbetting first. It's not that hard as it seems (unless you are not interested in sports at all), the main challenge here is picking the strongest/best team you think of and weigh its odds based on other external factors. That's it! Good luck to you.

When we do talk about generating income then this is going through investments and talking about safe then theres no such thing yet you would be risking out your coins
for you to do that unless if you decide to hold for long term then that one is less riskier compared if you do tend to play with it.

Even holding your btc does have risk on losing value because we know that market cant really be predicted on where its going.

but if you do trust up bitcoins potential and try to accumulate as much as you can then you can go proceed with it.

Bitcoin fluctuates more than other currencies making it harder to predict it is much easier to make money from bitcoin investments if the price goes up but if you go down you are in a lot of risk even if the value of the currency declines if we wait patiently for long term investment the price may go up again. To invest in a safe way you have to avoid the risks and for that you have to analyze the market if you want you can earn bitcoin in different ways first of all if you want to earn money by investing you have to learn crypto trading and if you have to do market analysis then you can benefit from trading otherwise, there is a risk of big losses.

I refuse to believe that there is no safe option. Safe option in this case is something that does not make what you hold stagnant. In my opinion, the safest option would be to invest it in crypto businesses. There was a thread where the OP is investing his bitcoin in a gambling website and that is where I got my idea about safe option for bitcoin.

Holding bitcoin in wallet comes up in  two dimension via advantage and disadvantages the first dimension is that it might fall in the wallet which is the disadvantages and another dimension is that when it rise, it will also rise in your the wallet, so I notice that majority that have btc don't like to sell it but always investing it to propagate, instead them keep on buying more additional btc, because its obvious that holding bitcoin always generate income.

he wants safe option therfor putting alone in a wallet is not safe because value of btc  can go down . there is also another risk of putting btc in an online wallet .

best option for him is convert his btc to stable coins and put the stable coins to a secure wallet like hardware/offline  but if he choose to be safe he also disables his ability to earn because he already converted his btc to stable coins . its hard to decide but we need to choose one only

Bitcoin is already generating income it self if you can wait and risk,there are days of decreasing value (In which normal to every investments form) and there are also a increasing ( in which no other platform can offer so far) when if lucky can double or more tha amount you invested.
But if you are asking about the safe Volt for your bitcoin?then that is Nano Ledger in which can make you Hold your own.Not like in other wallet because in crypto Not your Private key is not your bitcoin.

In general, only by holding bitcoin you can get income if you buy it at a lower price. if I'm myself I will wait at a certain price to buy bitcoin, then hold it for a long time (for example now), and wait for the right time to sell it back, very good for medium and long term investment

The safe option is just to HODL it and just wait for the price to increase unless you are willing to risk what you are earning and give yourself the experience to trade. It's quite risky but offers better potential in earning more money but you could lose it as well so it's definitely up to you. Your trading would depend on what you want to increase, either BTC or USDT. It depends, so if you want to earn more BTC then you would use BTC as capital, if not then USDT then.

There's a safe option but not so much reward.

I am not sure if I understand you correctly, but just by holding coins you normally don't generate any passive income. The only real income you get is if the price rises and you sell your coins. One form of generating income could be to lend your bitcoins to someone else and take an interest on it until he repays them. But this wouldn't be a 100% safe because you can get scammed. Another form to generate income would be gambling, but this also is not safe. I am afraid that there is no completely safe way to generate income.

To get income when investing in bitcoins, I would recommend the following strategy for you:

1) Buy bitcoins every month, allocating a certain part of your income from your main job for the purchase;  

2) If the bitcoin price falls, then it is advisable to buy more.  

3) Determine for yourself a "fair" Bitcoin price.  For example, in the spring of 2019, I said - the "fair" price of Bitcoin is $ 8,000.  I am buying Bitcoin for under $ 8,000.  Above $ 8,000, I refrain from shopping.  A little later, I already considered the "fair" price of Bitcoin $ 10,000.  And now the "fair" price of Bitcoin is $ 15,000 and could get higher.  

These are guidelines to help you make the right investment decisions.

As long as you are not selling your Bitcoin it will generate passive income but of course may loss also.

But the Best answer has been given multiple times above but still i will support for your acknowledgement and that is Nano Ledger,the safest place to store your Bitcoin if you have no plan of withdrawing them sooner.

and only get some whenever you needed for emergency .

I think if you have saving money for education to your children and he still young age better to save as bitcoin than you make saving money in the bank, maybe when your child still one or two year they don't need much money for education and you have much saving on the bank for his education money. You can hold and move from bank then hold with bitcoin, this will be best way when your children have been in elementary school yang can get or withdraw your money in bitcoin by higher amount after few year holding and increase more than 100% from first value money you save.

Reading all the replies looks like these are the options
- hold (if price goes up you will profit)
- trade (but you can loose it )
- lend (could loose everything because of risk or scam)

I am struggling with this : with the "high" there is so much money ($) locked in and if i cash in i will lose future gains, If I don't cash out i might loose everything I made. so if I could get some income while still get to keep my coins that would be awesome!

You own bitcoins as long as you control the private key.  Losing control of your bitcoins is not the best solution. 

Other cryptocurrencies (altcoins) sometimes offer a passive income option (staking, etc.), with most of these cryptocurrencies depreciating over time.  This is the main disadvantage of such schemes - a decrease in the value of the underlying asset. 

Bitcoin is a deflationary asset.  Your profit is the increase in its price over time.  Not only does Bitcoin not offer passive income, it is also not suitable for speculation, as the price can suddenly rise.

There is no safe way to generate income in a bitcoin investment because investing in cryptocurrencies is truly a risk due to it's volatility that you can't stop it from having losses when the price suddenly goes down. Still, you can make yourself generate considerable amount of profits when you have a good investment strategy other than holding your bitcoins in a long-term.

The safe option for holders of bitcoin to generate income is selling their bitcoin at the price they want.
The holders mean they buy bitcoin at a low price, and although they don't buy bitcoin at the lowest price and are not too long in the bitcoin world, they can sell it when the price increases.
You can use your bitcoin to trade to make additional income besides selling bitcoin at a high price in the future.
But that will not be the safe option because we don't know when the bitcoin price will go down or up, so make sure that you can sell your bitcoin at a high price.
This time you have your chance to sell it at the current price if you already bought bitcoin at the low price before.
But if you still want to hold your bitcoin because you believe that the bitcoin price will be soar to the highest price, you can hold it for a long time.

If you want to generate income from your bitcoin, trade it or just hold it and sell at the higher price that you think can give you profit. But always remember that there's no safe option in you are investor because investing is risky.

indeed trading and investing each have a very high risk but you must know that nothing is without risk, all the steps you take have risks and you must be able to dare to face the risks that exist to get a lot of profit, of course it must be do it well and correctly and don't be careless or influenced by other people and don't buy the wrong coins.

your question is incomplete and difficult to understand its true purpose!!  you will always be able to benefit from HODL Bitcoin, even today there are trusted exchange sites that offer "locked/flexible staking" options for Bitcoin which you have, one of them is Binance.  but if you don't want to "stake" or else you can still profit from increasing the Bitcoin value that you HODL.  remember, you will never lose if you have Bitcoin because its value will continue to increase over time..

The safe option doesn't exist, everything comes with risks: Pros and Cons. The safe option is to put your money on deposit and yeah, there are some companies that offer earning a small amount of fixed interest on your deposit. But what are the risks? It's possible that their wallets may be hacked and you won't get refunded. It's possible that service may turn into scam but the most important factor is that you'll get very low interest rate and according to rules of deposits, you won't be able to withdraw it anytime or you may lose some profit + you may miss the opportunity to buy/sell bitcoin when the price is low/high.

you came across different offers in btc investments that promise exceptional returns or let say there are some that promise realistic returns but the catch is that your gonna give your btc to them .
you still didnt figured out that the safe investment your talking about is only on the corner and you didnt realized that your already doing it . that is when you hold you btc all by yourself . for those that insist that theres no safe investing in btc they are only referring on the volatility of btc

For investors who've got a good patience this strategy works well, they are able to maximized their compensations when the bull
start to pumped strongly, its favored those investors who manage to bought their assets in the dip and hold it up for some time,
waiting for the price to rise. Some have their targets some are just lucky enough to keep it for longer time and see the good
outcome.

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You needed to figure this out, holding Bitcoin is one of the safest investment in terms of crypto. The volatility if once handled well will allow you being compensated decently.  Most of the time people who didn't realized this are unaware keep looking for venues to invest their Bitcoin and too lazy being greedy ending it up in losing their money.

the best way to safely store your bitcoins is on a hardware wallet but they do not generate interest, with a little more risk you can stake them on binance, for those who love risk, bitcoin can be tokenized and staked, given as liquidity on the various defi platforms

Describe safe in your own description.

Holding is safe but it has lesser risk than trading. But it's the best option that you can do. Think of the quote "no risk, no gain". Even holding it has risk that you need to take.

You can deposit it on some of the top crypto exchanges and withdraw it when time comes. The problem is that the currency you deposit on the exchange will be priced equal to the time you withdraw it. That BTC is not too stable in the long run. You can exchange it for another cryptocurrency. If it's safe, choose stablecoins or a coin that you think has a future in the long term

If you mean like where to earn money from bitcoin investments , they are different ways .

Earning interests on your bitcoin is one way to go . Platforms like Nexo Wallet give you interest in bitcoin you keep in the wallet . I think the interest percentage as of now for bitcoin in nexo wallet is around 4-6% .

Theres another way to go about too . Go with dividend tokens .
Its similar to dividend shares but you get paid every month for your stake in crypto .

They are various different platforms that offers this . Its pretty easy to get in too . When you select the platform all you need to do is acquire their native platform and stake it in their platform . Commiting for different periods results in different payout too . I use EarnBet for dividend payouts now a days and their platform token in $BET .

So All I had to do is get some $BET tokens from DEX or exchanges and stake it in their platform .After that all you need to do is claim bitcoin every month .

There are a lot of other ways too but most of them are super risky . But if you got money to waste to find whats suitable for you , you can go ahead and jump into high risk investments like DeFi tokens , margin trading , etc

Being Holder is already generating Income mate Because Bitcoin is making higher percent of Gains.almost 6000$ increase for the last month itself and now in the last quarter is trying to overtake the $20,000 Value.

But make sure that your coins is at safe and you are ready any time of fulling out once the price starts to fall again and the bull run already over.

well that's the advise people given from the beginning and i Hope OP is already holding a Ledger wallet at this point.

It cannot generate once you sold because the value will be in Fiat already.

The only way to generate income is continue Holding,Even until some drops happen because surely it will grow again.

Interest by hodling Bitcoin can be generated in two ways, short term or long term, but long term is most preferrable, as the price may increase with dollar rate as the time gets by, but apart from that, other ways you can earn interest with your Bitcoin is either by trading, staking or lending it out to be paid back with interest on a given date.