How to make money online in Spain

Top 10 ideas how to make money online in Spain for beginners

Here is a review of the top income-generating ideas in Spain.

1 Monetize Youtube channel

Another medium of making money online is to upload videos to YouTube and monetize them, earning money from YouTube. This is best suited for a social media influencer since you can make content to upload on Youtube. YouTubers make a lot of money. The average rate per ad view is around $0.01 to $0.03, so a Youtuber can earn, on average, $18 per 1000 views.

2 Cashback when shopping

Similar to getting reward points for paying with your credit card, some reward apps give Bitcoin or other cryptocurrency reward cashback to their users when they purchase from certain online stores.

Lolli is a great desktop plugin available for Chrome, and it also has an Android and IOS app that offers its users to get up to 10% cashback in Bitcoin every time they purchase from an online store that partners with Lolli. Lolli partners with hundreds of different online stores which offer different levels of cashback on purchases. This includes well-known retailers such as Macy's, Nike, Rag & Bone, and others.

Pei is another great mobile app that allows you to get Bitcoin cashback when you shop. To use this app, you have to download it and link your debit/credit cards to it. Every time you purchase from one of the over 60,000 physical or online stores that partner with Pei, you will get up to 20% cashback in Bitcoin and also get credit card points. Once your Bitcoin cashback is higher than $15, you can transfer it to your Bitcoin wallet.

3 Financial copywriting

You can earn money as a financial copywriter. A financial copywriter produces writing, often for a bank or investment firm. As a writer, you can research and publish written materials about an organization's products, services, or role in the community. To get these jobs, you will need to go through some online websites such as Upwork, freelancer.com and Fiverr. You can also receive jobs from LinkedIn, Facebook, Twitter, and other available apps. These sites offer you the opportunity to carry out various freelancing jobs, of which financial copywriting is one of them. For LinkedIn, you will need to set up a profile for your account as a financial copywriter, and clients can start coming. Also, for Upwork, freelancer and Fiverr, you will begin by setting up a profile for an account and then create gigs (service as a financial copywriter). No matter your freelancing job, you need to check and keep track of the going rate to know if you are charging too much or too little. The benefits of working as a financial copywriter are that you can work independently and at home. Most times, securing a job is challenging because there are many competitors in the copywriting space, but don't be discouraged. It's profitable in the long run. If you have the expertise, it can take two (2) days to set up your profile and get your first gig ready. As a newbie to freelancing, you can expect to earn peanuts, but as you keep growing and acquiring knowledge, you can begin to earn much. You can earn from $300-$3,000 monthly as a beginner to $3,000-$10,000 as an expert writer.

4 Broker support team

To trade the financial market be it Forex, crypto or stock market. You need an intermediary to execute trades for you. That is what brokers do. They help you execute trades in the financial market. Most times, clients may encounter personal issues and will need assistance from the broker team. That is why the support team is there.

As a broker support team, you will need to be available to support clients who may have issues. You get to discuss with people from different areas of the world. Getting this type of work can be difficult because you need to be knowledgeable in the financial market before applying online on various broker platforms. You can acquire knowledge of the financial market online. The money you earn as a broker support team varies from one broker to another, but the pay is huge.

5 Investing in crypto

Cryptocurrency is digital money that is protected by a blockchain network. Investing in crypto is also a popular way of making money. Although Bitcoin is the popular digital money, thousands of cryptocurrencies already exist. Investing in cryptocurrency takes many forms, from obtaining cryptocurrency directly to investing in crypto funds and companies. An individual can purchase cryptocurrency by registering with an exchange platform, for example, Binance, Bybit etc. Investing in cryptocurrency is easy, but you must research the coins you will invest your money on. Risk is involved, and you can lose your entire savings if you are not careful. So don't risk more than you can afford to lose. The earning potential from cryptocurrency investing is huge and also depends on the capital you invest in the business.

6 Become a virtual assistant

A virtual assistant provides administrative help for companies. They engage in responsibilities that can be handled by executive assistants, such as scheduling appointments, making phone calls, planning trips and sorting emails. Some skills to master as a virtual assistant include communication, time management and writing. You can market your service online through Fiverr and Freelancer. You can also set your profile as a virtual assistant on Facebook, Twitter or LinkedIn and make money working with verified Clients. Virtual assistant startup earnings are minimal, but you can begin making around $58,000/year with time.

7 Take surveys for money

You can make money taking online surveys from home. Some surveys require you to state your opinions on some issues and get paid. Some of these paid survey sites include Survey Junkie, OneOpinion, Toluna, Testable minds, etc. you can make from $1 to $5 per hour taking surveys from home. The pay for online surveys is minimal, so do not expect to be rich doing it.

8 Forex trading

Forex trading has to do with exchanging one currency for another for trading purposes. Currencies are traded in pairs. Thus by exchanging one for another, a trader speculates on whether the value of one currency will rise or fall. To engage in Forex trading, you need a broker to act as an intermediary between you and the Forex markets because trading the markets requires large sums of money, which you may not have. So with brokers like RoboForex, FXTM, IC Markets, Exness etc., one can trade from the comfort of their home. The risk involved can not be overemphasized. Like cryptocurrency investing, Forex markets are so volatile that you will be giving your money to the markets if you don't have the right skill and experience. So take your time to learn and acquire the skill to trade Forex before you begin trading. One can make a huge profit from Forex trading, but you always want to consider the risk involved.

9 Bitcoin cloud mining

Bitcoin mining is creating new Bitcoin and putting them into circulation. It is also a way the networks certify new transactions. Mining is done with powerful computer hardware and consumes a huge amount of energy. Mining Bitcoin with this powerful hardware is not for the ordinary man. That is why cloud mining is there, where you can mine Bitcoin from the comfort of your phones and laptops. Some websites and apps support cloud mining, like Genesis, Loyomining, Stormgain etc. the benefits are that they are free, and you can mine from the comfort of your home. One of the challenges is that it consumes a lot of batteries, so you need a stable power source. To increase your mining rate, you need to invest money into it. It is legit, and the pay depends on how much you invested in it.

10 Become a сlickworker

A Bitcoin faucet is a website or app that distributes tiny amounts of Bitcoin to its users in exchange for them completing simple tasks. The name faucets comes from the fact that these crypto payments are quite small, like drops of water coming from a faucet — but then again, so are the tasks you need to complete for the reward.

So, once you complete the tasks, your tiny share of earned crypto is sent to your wallet. The tasks can vary wildly, but it’s usually simple — stuff like completing a captcha, clicking on ad links, watching videos that showcase different products, and all kinds of other ads.

As an Internet user, you’ve probably heard of similar websites that used to pay dollars for microtasks. However, the catch here is that even the smallest amount of Bitcoin you receive will likely be worth something in the future.

Of course, the only downside is that you have to spend a lot of time on menial tasks in order to get any meaningful amount of Bitcoin.

Can you make $100 a day online in Spain?

Yes. Earning an additional $100 daily is possible in Spain, although this comes with a price, which is your dedication. Additionally, your chances of success will vary depending on several different factors. These include your expertise and the specific opportunities available to you. While some online income opportunities can help one earn an extra $100 per day, TU experts have highlighted five recommendations for traders looking to earn up to $100 per day.

• 1

  To begin, evaluate your abilities, talents, and interests. You need to find out what you are good at or passionate about, as this can serve as a solid foundation for your side business

• 2

  Do some research on some niches or industries where there's a shortage of specific services. Determine which of these industries need your services or skills

• 3

  Investigate online venues, such as freelance websites, where you can market your skills or services to a large audience. Upwork, Freelancer, and Fiverr are popular alternatives

How to choose the best way to make money online in Spain

The truth is that there are countless ways to make money online, some of which do not even require an initial financial commitment beyond your time. While the best part is that you probably already have everything you need to get started, you have to learn how to choose the best extra income option in Spain. Below are tips on how to choose the best way to make money online in Spain.

• 1

  You must familiarize yourself with the online market, which necessitates conducting a thorough analysis of the demand for the service or item you intend to sell

• 2

  Assess the long-term viability of the passive income idea since some online opportunities are unstable, even though they might promise quick money

• 3

  Decide how much time it will take and determine if the passive income idea will require some capital. While starting an online store or drop-shipping may only require a small initial financial investment, other online income opportunities in Spain, like freelancing, might demand a time commitment

• 4

  If you decide to use peer-to-peer lending, cryptocurrency trading, Forex or binary options trading, or any other local laws or regulations that could affect your method, be especially aware of them

• 5

  Recognize the earning potential of the passive income idea you have chosen, conduct research, and establish attainable income targets

• 6

  Check to see if you have access to the tools you need to succeed, such as software, coaches, or online communities

• 7

  Consider your level of risk tolerance when evaluating various options because some can be riskier and more volatile than others, such as trading stocks or investing in cryptocurrencies

The best way to earn extra money online varies based on personal characteristics like financial objectives, time availability, and risk tolerance. Among the easy ways to make money, Forex copy trading and investing in stocks while adhering to these factors can be profitable. While investing in stocks can increase your income potential, owning stock in several companies can help you increase your savings and shield your money from taxes and inflation.

How to spot and avoid online scams in Spain

When learning how to make money online in Spain, one of the most important risk management techniques is learning how to spot and avoid online scams. Knowing how to spot and avoid scams is essential for protecting your money and personal data online.

To assist you in identifying and avoiding online scams, TU experts advise:

• Before engaging in any online opportunity, read user ratings, recommendations, and comments on the platform or service

• Avoid providing sensitive personal or financial information in unsolicited emails because reputable companies will not ask for your passwords, bank details, or other sensitive information

• Use reputable and safe payment methods when making purchases online

• Responding to unsolicited emails, texts, or advertisements that claim to pay off quickly ought to be avoided by traders. You can check the legitimacy and source of any offers or opportunities using the contact information and official websites

Best Forex Brokers in Spain

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

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2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

No minimum

Bonus for deposit:

0%

Regulation:

FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA

Review

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Pros/Cons

•Minimum deposit from 1 dollar.

•A large selection of the most popular trading instruments.

•Several reliable and reputable financial regulators.

•Inconvenient and poorly functioning site.

•Lack of cent accounts.

•Lack of bonus programs.

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