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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or make money from it readily. Im sorry to burst the bubblebut Bitcoin is just like any other currency out there.
Even though cryptocurrencies in general may hold a few new possibilities for generating income that the basics are the exact same youll need to invest cash, or money in order to make money.
Each one the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, which means you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but also most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin to get your time you spend.
A number of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every couple of minutes in order to maintain a very small amount of coins. Faucets are in fact a subcategory of PTC sites, PTC meaning Pay to Click. PTC websites will usually have you click on an advertisement or on a button on the site in order to make money from ad sales.
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From our calculations, if you operate non stop at clicking buttons youll average anywhere between 5-40 cents an hour. Not sure thats worth your time or even the power for running your computer.
While participating as a tap person might not earn you a great deal of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your site.
At 99Bitcoins we've been running our own faucet for almost 3 decades now. Depending on the advertisers youre using and the amount of traffic that you have you can make up to $1000/month running a tap.
However, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own website, manage customers, prevent fraud and bring some initial capital to fund the faucet when starting out. Heres our beginners guide to running a faucet.
Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum, Â began running signature campaigns. In other words, you can use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole list of campaigns can be seen on the forum itself.
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone using a standing less than full member wont get paid that much, in the end. To become a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on articles; such as length, original content, and much more. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no just how much you write and your membership level. This, clearly, does not include the number of posts you need to write in order to earn the required membership amount on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its price is low and sell it when the price increases.
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However, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how More Help to trade and the way to overcome the many dangers involved with trading. Successful traders know they might lose money in the short term but they consider it as an investment in their education, since they're aiming for the long run. .
If you want to become a trader make sure you have sufficient time and funds to invest in good trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who promote a certain business for free but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, products and services have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to market that service or product.
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Of course there are many ways you can market your affiliate link you can share it on Facebook, run advertising campaigns on different websites or even create your own information site and boost your links within the content.