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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there's some magic way you can earn Bitcoins or earn money from it readily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency on the market.
While cryptocurrencies in general might hold a few new possibilities for generating income the fundamentals are the same youll need to invest cash, or money in order to generate money.
Each one of the methods Ill go over are things weve actually tested ourselves at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but also most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing small jobs and earning fractions of a coin to get the time you spend.
Some of the more well-known micro earnings sites are Bitcoin taps websites which you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay to Click. PTC sites will usually have you click on an ad or on a button on the website in order to generate money from advertisement sales.
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From our calculations, should 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 electricity for running your computer.
While participating as a faucet user may not earn you a great deal of money, owning your own faucet is an entire different story. Now, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your site.
At 99Bitcoins we have been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic that you have you can make around $1000/month running a faucet.
However, running a faucet he has a good point takes a reasonable amount of time and energy. Youll need to set up 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 began running signature campaigns. Simply put, you could use your BitcoinTalk signature to advertise a product and get paid for every 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. Usually, anyone with a standing less than complete member wont get paid that much, in the end. To be a complete member, youll need at least 120 posts under your belt. There are also 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 just how much you compose and your membership level. This, of course, does not include the number of articles you need to compose in order to earn the mandatory membership amount on BitcoinTalk. .
One of the quickest, easiest but riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its cost is low and sell it when the cost rises.
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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 to trade and how to conquer the many risks involved with trading. Successful traders know they may get rid of money in the brief term but they consider it as an investment in their own education, since they are aiming for the long term. .
If you want to become a trader be sure you have sufficient time and funds to invest in good trading education.
One of the most overlooked informative post 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 providers have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to market that product or service.
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Of course there are many ways that you can promote your affiliate link you can share it on Facebook, run advertising campaigns on different websites or even set up your own information site and promote your links within your content.