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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there's some magic way you can earn Bitcoins or even make money from it easily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency out there.
Even though cryptocurrencies in general may hold a few new possibilities for generating income that the fundamentals are the exact same youll need to invest cash, or money in order to make money.
Each one of the methods Ill go over are things weve actually tested ourselves here at 99Bitcoins, so you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin for your period you spend.
Some of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly go to every few minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . PTC sites will often 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, if 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 power for running your computer.
While participating as a tap person may 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 almost 3 decades now. Depending on the advertisers youre using and the amount of visitors that you have you can make up to $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and effort. Youll need to establish your own site, 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 began running signature campaigns. In other words, 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 forum itself.
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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 complete member wont get paid that much, if at all. To be a complete member, youll need at least 120 posts under your belt. There are also limitations on posts; for example length, original content, and much more. . useful reference
From time to time, theres also a minimum post requirement per 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 amount on BitcoinTalk. .
One of the quickest, easiest but also riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its price is low and sell it when the price increases.
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However, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to trade and the way to conquer the many risks involved in trading. Successful traders know they might lose money in the short term but they consider it as an investment in their own education, since they are aiming for the long term. .
If you want to become a trader be certain that you have the time and funds to invest in good trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who market a certain business free of charge 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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Naturally there are many ways that you can promote your affiliate link you can share it on Facebook, run ad campaigns on different websites or even create your own information website and boost your links within the content.