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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 make money from it easily. Im sorry to burst this bubble, but Bitcoin is just like any other currency on the market.
While cryptocurrencies in general may hold some new possibilities for generating income that the fundamentals are the exact same youll need to invest time, or money in order to generate money.
Each one of the methods Ill go over are things weve actually tested ourselves at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small jobs and earning fractions of a coin for the time you spend.
A number of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly go to every couple of minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of PTC sites, PTC meaning Pay to Click. PTC sites will often 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, 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 computer.
While participating as a faucet 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 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 around $1000/month running a faucet.
But, 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, a leading Bitcoin forum, Â started running signature campaigns. Simply put, you can use your BitcoinTalk signature to market a product and get paid for each post you write. The complete collection 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. Typically, anyone with a status less than full member wont get paid that much, if at all. To become a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on posts; for example length, original content, and much more. .
From time to time, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no just 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 level on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways you can make money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to get Bitcoin when its price is reduced and sell it when over here 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 how to overcome the many risks involved with trading. Successful traders know they might lose money in the brief term but they consider it as an investment in their own education, since they are aiming for the long term. .
If you want to be a dealer be sure you've got sufficient time and capital to invest in good trading education.
One of the most overlooked ways to make money with Bitcoin is by promoting various affiliate programs. Affiliates are people who promote a certain business for free but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, goods 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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Of course 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 create your own information website and promote your links within the content.