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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 earn money from it easily. Im sorry to burst the bubble, but Bitcoin is just like any other currency on the market.
Even though cryptocurrencies in general might hold a few new possibilities for generating income the basics are the same youll need to invest cash, or money in order to generate money.
All the methods Ill go over are things weve really tested ourselves at 99Bitcoins, so that you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but also most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin to get the period you spend.
A number of the well-known micro earnings websites are Bitcoin taps websites that you repeatedly visit every few minutes in order to maintain a very small amount of coins. Faucets are in fact a subcategory of all PTC websites, 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, 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 faucet user may not earn you a lot of money, owning your own faucet is a whole different story. Today, you can construct 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 decades now. Depending on the advertisers youre using and the amount of traffic that you have you can make up to $1000/month running a tap.
However, running a faucet takes a reasonable amount of time and effort. Youll need to set up your own site, 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 can use your BitcoinTalk signature to market a product and get paid for every post you write. The whole list of campaigns can be seen on the discussion 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 complete member wont get paid that much, in the end. To be a full member, youll need at least 120 posts under your belt. There are also limitations on posts; such as length, original content, and more. .
From time to time, theres also a minimum post requirement each week. From our experience you can make around $5 an hour depending no just how much about his you compose and your membership level. This, clearly, does not include the number of articles you need to compose in order to earn the mandatory membership amount on BitcoinTalk. .
One of the quickest, easiest but riskiest ways that you can earn 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 price 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 the way to overcome the many dangers involved with trading. Successful traders know they may lose money in the brief term but they look at it as an investment in their own education, since they are aiming for the long term. .
If you want to be a dealer make certain that you have sufficient time and funds to invest in good trading education.
One of the most overlooked methods to make money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who market a certain business free of charge but get 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 that you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even set up your own information site and promote your links within your content.