How do I make money with Bitpapa?

There is an opinion among beginner traders that P2P platforms are the easiest way making money on cryptocurrency. But this is not entirely true. Despite the simplified functionality of such cryptocurrenciesThe trading on them also requires experience in trading and an understanding of the cryptocurrency market. Let’s find out how to make money on Bitpapatrading cryptocurrencies, and whether there are additional ways to make money here.

Earnings from P2P

As with any cryptocurrency exchange, to make money on the site bitpapa.comThe most important thing is to follow the fluctuations of the cryptocurrency market and to open contracts in time. But unlike professional platforms, there are no tools, charts and signals that allow you to follow the price, supply and demand in real time. The platform also lacks technical and fundamental analysis, which traders use to make strategies.

At bitpapa.com it’s easier. There are buyers and sellers. Transactions are made between users. One is selling and the other is buying. Because of this simplicity, many new traders think that earning here is simple and fast. But it is not. Any operations with cryptocurrencies require knowledge of the market. But there are no analytical tools on Bitpapa, which means that you have to take information about cryptocurrencies and you will have to do the analysis yourself on third-party resources.

Another feature P2P tradingis a variant of buying and selling cryptocurrencies offline. In other words, the transaction is executed on the exchange, and the buyers make settlements in person. This type of trading has higher risks, because in this case, the platform is not always able to ensure the security of the transaction. Read here how to make money on cryptocurrency.

How not to lose money?

To trade successfully on bitpapa.com, you should choose your trading partner carefully. Do not rush to conclude a contract with the first seller or buyer. Analyze all offers, collect information about current market prices on other exchanges. Choose a partner with a verified account. Do not make deals at too low a price, because that is often a trick used by scammers.

You can also create your own ads on Bitpapa, setting your own price for buying or selling cryptocurrency. After posting your ad, you’ll just have to wait for another user to respond and make a deal. Unfortunately, on bitpapa.com you can’t earn with such tools as scalping, limit or stop orders and use professional trading strategies.

Additional sources of income

Besides crypto-trading at bitpapa.com, you can earn cryptocurrencies by participating in an affiliate program. The service’s affiliate program has a three-tiered system where you can earn up to 50% from the service’s commissions paid by a referral. In addition to the referral program, you can earn at the cryptocurrency exchange by participating in the company’s promotions. Bitpapa regularly holds promotions and contests with cash rewards.

In addition, there is a Bug Bounty program on the service. This program is designed to help users find critical system vulnerabilities. If you find any strange system behavior, report it to technical support and get a reward. Register on bitpapa.com, get acquainted with the platform and start earning cryptocurrency with the service’s guarantees on the website or mobile app.