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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magic way you can earn Bitcoins or even make money from it easily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency out there.
While cryptocurrencies in general may hold a few new possibilities for generating income that the basics are the same youll need to invest cash, or money in order to make money.
Each one 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 cheapest, easiest but also most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin for your time you spend.
A number of the more well-known micro earnings websites are Bitcoin faucets sites that you repeatedly go to every few minutes in order to maintain a very small amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . PTC websites will often have you click on an advertisement or on a button on the website in order to make money from advertisement sales.
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From our calculations, if 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 tap person might not earn you a lot 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've 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 up to $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own website, manage users, prevent fraud and bring some initial capital to fund the sites 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. Simply put, you could use your BitcoinTalk signature to market a product and get paid for every post you write. The complete collection of campaigns can be seen on the forum .
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone using a status less than complete member wont get paid that much, in the end. To become a full member, youll need at least 120 posts under your belt. There are also limitations on posts; for example length, original content, and more. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make around $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 compose in order to earn the required 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. Fundamentally youre trying to buy Bitcoin when its cost is low and sell it when the cost rises.
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But, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to exchange and how to overcome the many risks involved in trading. Successful traders know they might lose money in the brief term but they look at it as he has a good point an investment in their own education, since they're aiming for the long run. .
If you want to be a trader make sure you have sufficient time and funds to invest in good trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who market 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 promote that service or product.
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Naturally there are many ways that you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information website and boost your links within your content.