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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there's some magic way you can earn Bitcoins or earn money from it readily. Im sorry to burst the bubble, but Bitcoin is just like any other currency out there.
While cryptocurrencies in general may hold some new possibilities for generating income the basics are the exact same youll need to invest cash, or money in order to generate money.
Each one the methods Ill go over are things weve actually tested ourselves here at 99Bitcoins, so that you can rest assured were talking out of experience. Lets get started
One of the most affordable, easiest but most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin for the time you spend.
Some of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay to Click. PTC websites will usually 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 user may 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 almost 3 decades now. Depending on the advertisers youre using and the amount of visitors that you have you can make around $1000/month running a faucet.
But, running a faucet requires a reasonable amount of time and energy. Youll need to establish your own site, 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 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 complete collection of campaigns can be seen on the forum .
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone using 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; for example length, original content, and more. .
From time to time, theres also a minimum post requirement each you can look here week. From our experience you can make around $5 an hour depending no how much you compose and your membership level. This, clearly, does not include the number of posts you need to compose in order to earn the required membership level on BitcoinTalk. .
One of the quickest, easiest but riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy Bitcoin when its price is low and sell it when the cost rises.
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But, trading Bitcoin successfully is not a matter of luck or YOURURL.com guesswork. Profitable traders spend a substantial amount of time learning how to trade and how to conquer the many risks involved with trading. Successful traders know they might get rid of money in the short term but they look at it as an investment in their education, since they are aiming for the long run. .
If you want to become a trader be sure you've got sufficient time and funds 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 people who promote a certain business free of charge but 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 service or product.
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Naturally there are many ways you can promote your affiliate link you can discuss it on Facebook, run advertising campaigns on different websites or even create your own information website and promote your links within your content.