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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or even make money from it readily. Im sorry to burst this bubble, but Bitcoin is just like any other currency out there.
Even though cryptocurrencies in general might hold some new possibilities for generating income that the fundamentals are the same youll need to invest cash, or money in order to make money.
All of the methods Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means 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 essentially be doing small tasks and earning fractions of a coin to get the time you spend.
A number of the well-known micro earnings websites are Bitcoin taps websites which you repeatedly visit every couple of minutes in order to maintain a very small amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay . PTC sites will often have you click on an ad or on a button on the site in order to make money from advertisement 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 electricity for running your PC.
While participating as a tap person may not earn you a lot of money, owning your own faucet is an entire different story. Now, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your site.
At 99Bitcoins we've been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic you have you can make up to $1000/month running a faucet.
However, running a faucet takes a reasonable amount of time and energy. Youll need to set up your own website, manage users, 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, additional reading a leading Bitcoin forum, started running signature campaigns. In other words, you could use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole collection of campaigns can be seen on the discussion .
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone with a status 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 articles; for example length, original content, and more. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you write and your membership level. This, of course, does not include the number of articles you need to compose in order to earn the required membership amount on BitcoinTalk. .
One of the quickest, easiest but riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its price is reduced 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 conquer the many dangers involved useful content with trading. Successful traders know they might get rid of money in the brief term but they look at it as an investment in their education, since they're aiming for the long run. .
If you want to be a trader make sure you have the time and funds to invest in great trading education.
One of the most overlooked methods to make money with Bitcoin is by promoting various affiliate programs. Affiliates are people who promote a certain business for free but Check Out Your URL 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 product or service.
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Of course there are many ways you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even create your own information site and boost your links within your content.