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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there is some magical way you can earn Bitcoins or make money from it easily. Im sorry to burst this 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 time, or money in order to make money.
All of the approaches Ill go over are things weve actually tested ourselves at 99Bitcoins, so that you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but most time consuming ways to really earn Bitcoin is via micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin for the period you spend.
Some of the more well-known micro earnings websites are Bitcoin faucets sites that you repeatedly go to every couple of minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . PTC websites will usually 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, 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 power for running your PC.
While participating as a tap person may not earn you a great deal of money, owning your own faucet is an entire different story. Today, you can build a cryptocurrency faucet relatively easily 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 that you have you can make up to $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and energy. 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 can use your BitcoinTalk signature to market a product and get paid for every post you write. The whole collection of campaigns can be seen on the forum .
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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a standing less than full member wont get paid that much, in the end. To become a complete member, youll need at least 120 articles under your belt. There are also limitations on articles; for example 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 compose and your membership level. This, clearly, does not include the number of posts you need to write in order to earn the required membership level on BitcoinTalk. this post .
One of the go to my blog fastest, easiest but also riskiest ways you can make 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 cost increases.
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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 the way to overcome the many dangers involved in 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 term. .
If you want to be a trader make sure you've got sufficient time and capital to invest in good trading education.
One of the most overlooked ways to make money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who promote a certain business for free but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, goods and services have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to promote that service or product.
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Of course there are many ways that you can market your affiliate link you can share it on Facebook, run advertising campaigns Check Out Your URL on different websites or even set up your own information website and promote your links within your content.