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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 easily. Im sorry to burst the bubblebut Bitcoin is just like any other currency out there.
While cryptocurrencies in general might hold some new possibilities for generating income that the basics are the same youll need to invest cash, or money in order to make money.
Each one of the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, which means 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 via micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin to get the time you spend.
A number of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are actually a subcategory of all PTC websites, PTC meaning Pay . PTC sites will usually have you click on an advertisement or on a button on the website in order to make money from advertisement 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 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 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 effort. Youll need to set up your own website, manage customers, 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. Simply put, you can use your BitcoinTalk signature to market a product and get paid for every post you write. The whole collection of campaigns can be seen on the discussion .
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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone with a standing less than full member wont get paid that much, in the end. To be a complete member, youll need at least 120 posts under your belt. There are also limitations on articles; for example length, original content, and much more. .
From time to time, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you compose and your membership level. This, clearly, does not include the number of articles you need to compose in order to earn the mandatory membership amount on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways you can earn 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 cost rises.
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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 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 trader make sure you have the time and capital to invest in good trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are people who promote a certain business for free but receive a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, products 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 you can market your affiliate link you can share it on Facebook, run ad campaigns on check these guys out different websites or even create your own information website and boost your links within your content.