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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or earn money from it readily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency out there.
While cryptocurrencies in general may hold some new possibilities for generating income that the basics are the exact same youll need to invest time, or money in order to make money.
Each one of the approaches Ill go over are things weve really tested ourselves here 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 jobs and earning fractions of a coin for the time you spend.
Some of the more well-known micro earnings sites are Bitcoin faucets sites that you repeatedly visit every couple of minutes in order to claim a tiny 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 generate 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 PC.
While participating as a faucet user might not earn you a lot of money, owning your own faucet is a whole different story. Now, you can construct 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 requires a reasonable amount of time and energy. Youll need to establish your own website, 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 started running signature campaigns. In other words, you can use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole list of campaigns can be seen on the discussion .
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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a standing less than full member wont get paid that much, if at all. To become a complete member, youll need at least 120 posts under your belt. Additionally, there are limitations on posts; such as length, original content, and much 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 level on BitcoinTalk. .
One of the fastest, easiest but riskiest ways you can make money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy Bitcoin when its cost 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. Profitable traders spend a substantial amount of time learning how to trade and the way to overcome the many dangers involved with trading. Successful traders know they might lose 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 become a dealer make certain that you have sufficient time and capital to invest in great trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who market 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 promote that service or product.
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Of useful source course there are many ways that you can promote your affiliate link you can share it on Facebook, run ad campaigns on different sites or even set up your own information website and boost your links within your content.