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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 earn money from it easily. Im sorry to burst the bubble, but Bitcoin is just like any other currency out there.
While cryptocurrencies in general may hold some new possibilities for generating income that the basics are the same youll need to invest time, or money in order to make money.
All of the approaches 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 ways to really earn Bitcoin is via micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin to get the time you spend.
A number of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly go to every few minutes in order to maintain a tiny 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 advertisement sales.
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From our calculations, should you work 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 PC.
While participating as a faucet person might not earn you a great deal of money, owning your own faucet is a whole different story. Now, you can construct 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 decades now. Depending on the advertisers youre using and the amount of traffic you have you can make up to $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and effort. Youll need to set up your own website, manage users, 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 started running signature campaigns. In other words, you could use your BitcoinTalk signature Free Bitcoin Account to market a product and get paid for every post you write. The complete list of campaigns can be seen on the discussion .
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone with a status less than complete member wont get paid that much, in the end. To be a complete member, youll need at least 120 articles under your belt. There are also limitations on articles; such as length, original content, and much more. .
From time to time, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you compose and your membership level. This, of course, does not include the number of posts you need to write in order to earn the required membership level on BitcoinTalk. .
One of the quickest, 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 cost is reduced and sell it when the price 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 exchange and the way to conquer the many risks involved with trading. Successful traders know they might get rid of money in the brief term but they consider it as an investment in their own education, since this content they are aiming for the long term. .
If you want to become a dealer be sure you have the time and funds 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 people who promote a certain business for free but receive 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 promote that product or service.
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Of course there are many ways you can market your affiliate link you can share it on Facebook, run ad campaigns on different websites or even set up your visit this site right here own information site and boost your links within your content.