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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magic way you can earn Bitcoins or even make money from it readily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency on the market.
Even though cryptocurrencies in general might hold some new possibilities for generating income the basics are the same youll need to invest cash, or money in order to generate money.
All the approaches Ill go over are things weve really 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 most time consuming ways to actually earn Bitcoin is via micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin to get the period you spend.
A number of the more well-known micro earnings websites are Bitcoin faucets sites that you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of all PTC sites, PTC meaning Pay . PTC websites will usually have you click on an advertisement or on a button on the site in order to make money from ad 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 power for running your computer.
While participating as a tap person 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 readily and earn money from selling ads on your website.
At 99Bitcoins we have been running our own faucet for just about 3 years now. Depending on the advertisers youre using and the amount of traffic that you have you can make around $1000/month running a tap.
But, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own site, manage customers, 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 each post you write. The whole collection of campaigns can be seen on the forum itself.
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a standing less than full member wont get paid that much, in the end. To become a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on articles; such as length, original content, and much more. .
From time to time, theres also a minimum post requirement per this website week. From our experience you can make around $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 write in order to earn the mandatory membership amount on BitcoinTalk. .
One of the quickest, 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 cost is reduced and sell it when the price increases.
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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 trade and how to conquer the many risks 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 term. .
If you want to become a dealer be sure you have sufficient time and capital to invest in great trading education.
One of the most overlooked ways to make money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals 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 create your own information site and promote your links within your content.