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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there's some magic way you can earn Bitcoins or even make money from it readily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency out there.
Even though cryptocurrencies in general might hold a few new possibilities for generating income that the fundamentals are the exact same youll need to invest time, or money in order to make money.
All the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is via micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin for your period you spend.
Some of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly visit every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of all PTC sites, PTC meaning Pay . PTC websites will usually have you click on an ad or on a button on the website in order to generate money from ad 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 electricity for running your PC.
While participating as a faucet user 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 readily and earn money from selling ads on your website.
At 99Bitcoins we have been running our own faucet for just about 3 decades now. Depending on the advertisers youre using and the amount of traffic you have you can make around $1000/month running a faucet.
However, running a faucet takes a reasonable amount of time and energy. Youll need to set up 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 started running signature campaigns. In other words, you could 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 itself.
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a status less than full member wont get paid that much, in the end. To become a complete member, youll need at least 120 posts under your belt. There are also limitations on posts; such as length, original content, and more. .
Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no just how much you write and your membership level. This, clearly, 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 make money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its price is low and sell it when the cost 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 to trade and how to conquer the many dangers involved with trading. Successful traders know they may 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 dealer make sure you've got the time and capital to invest in great trading education.
One of the most overlooked methods to make 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 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 market your affiliate link you can share it on Facebook, run ad campaigns on different websites or even he said create your own information website and boost your links within the content.