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For some strange reason, people tend to think that since Bitcoin is a new form of currency, there's some magical way you can earn Bitcoins or earn money from it readily. Im sorry to burst this bubblebut Bitcoin is exactly like any other currency out there.
Even though cryptocurrencies in general may hold some new possibilities for generating income that the fundamentals are the same youll need to invest time, or money in order to generate money.
All of the methods Ill go over are things weve really tested ourselves at 99Bitcoins, which means you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but also most time consuming tactics to really earn Bitcoin is via micro earnings. This means that youll essentially be doing small jobs and earning fractions of a coin for your time you spend.
Some of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of PTC sites, PTC meaning Pay . PTC sites will usually have you click on an ad or on a button on the website in order to generate 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 power for running your PC.
While participating as a faucet user might 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 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 traffic that you have you can make around $1000/month running a tap.
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 also 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. Simply put, you can use your BitcoinTalk signature to advertise a product and get paid go to this website for each 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. Typically, anyone with a standing less than full member wont get paid that much, in the end. To be a complete member, youll need at least 120 articles under your belt. Additionally, there are 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 you write and your membership level. This, clearly, does not include the number of posts you need to write in order to earn the mandatory membership level on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to get Bitcoin when its cost is low and sell it when the price 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 with trading. Successful traders know they might get rid of money in the short term but they consider it as an investment in their education, since they are aiming for the long term. .
If you want to become a dealer make certain that you have sufficient time and capital to invest in good trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who promote a certain business free of charge but receive 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 market 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 on different sites or even set up your own information site and promote your links within the content.