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For some strange reason, people tend to think that since Bitcoin is a new form of currency, there's some magic way you can earn Bitcoins or make money from it readily. Im sorry to burst this bubblebut Bitcoin is exactly like any other currency on the market.
Even though cryptocurrencies in general might hold a few new possibilities for generating income the fundamentals are the same youll need to invest time, or money in order to make money.
Each one of the methods Ill go over are things weve really tested ourselves 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 tactics to really earn Bitcoin is through micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin for the period you spend.
Some of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly go to every couple of minutes in order to maintain a tiny amount of coins. Faucets are actually a subcategory of all PTC sites, PTC meaning Pay . PTC sites will usually have you click on an ad or on a button on the site in order to generate 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 electricity for running your computer.
While participating as a tap user might not earn you a great deal of money, owning your own faucet is an entire 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 just about 3 decades now. Depending on the advertisers youre using and the amount of visitors you have you can make around $1000/month running a faucet.
However, running a faucet takes a reasonable amount of time and effort. Youll need to set up your web link 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 began 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 whole collection 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 using a standing less than full member wont get paid that much, if at all. To be a complete member, youll need at least 120 articles under your belt. Additionally, there are limitations on posts; for example length, original content, and much more. .
Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no how much you compose and your membership level. This, clearly, does not include the number of articles you need to write in order to earn the mandatory membership level on BitcoinTalk. .
One of the fastest, easiest but riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its price is reduced and sell it when the price 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 overcome the many dangers involved in trading. Successful traders know they may lose money in the short term but they look at it as an investment in their own education, since they are aiming for the long run. .
If you want to become a trader be sure you have read more sufficient time and funds to invest in great trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who market a certain business for free but get 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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Naturally there are many ways you can market your affiliate link you can discuss it on Facebook, run advertising campaigns on different websites or even create your own information website and promote your links within the content.