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For some strange reason, people tend to think that since Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or even earn money from it easily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency out there.
Even though cryptocurrencies in general might hold some new possibilities for generating income the basics are the same youll need to invest cash, or money in order to make money.
All of the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, which means you can rest assured were talking out of experience. Lets get started
One of the most affordable, easiest but most time consuming ways to actually earn Bitcoin is via micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin for your time you spend.
Some of the more well-known micro earnings websites are Bitcoin taps websites which you repeatedly visit every couple of minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay . PTC websites will often have you click on an advertisement or on a button on the website 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 faucet person may not earn you a lot of money, owning your own faucet is a whole different story. Now, you can construct a cryptocurrency faucet relatively readily and earn money from selling ads on your website.
At 99Bitcoins we've been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of visitors you have you can make up to $1000/month running a faucet.
However, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own site, manage customers, prevent fraud and also 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 started running signature campaigns. In other words, you can use your BitcoinTalk signature to advertise a product and get paid for every post you write. The complete collection of campaigns can be seen on the discussion .
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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a status less than complete member wont get paid that much, in the end. To become a complete member, youll need at least 120 articles under your belt. Additionally, there are limitations on posts; for example length, original content, and more. .
From time to time, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no how much you write and your membership level. This, of course, does not include the number of articles you need to write in order to earn the required membership level on BitcoinTalk. .
One of the quickest, easiest but riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin why not check here when its price is reduced and sell it when the price rises.
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But, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to exchange and how to overcome the click to find out more many dangers involved in trading. Successful traders know they might lose money in the brief term but they consider it as an investment in their education, since they are aiming for the long term. .
If you want to be a trader make sure you have sufficient time and capital to invest in good trading education.
One of the most overlooked ways 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 providers 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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Naturally there are many ways you can promote your affiliate link you can discuss it see here on Facebook, run ad campaigns on different sites or even create your own information site and promote your links within your content.