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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there's some magical way you can earn Bitcoins or even earn money from it easily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency on the market.
Even though cryptocurrencies in general might hold some new possibilities for generating income that the fundamentals are the same youll need to invest time, or money in order to make money.
All of the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, which means that you can rest assured were talking out of experience. Lets get started
One of the most affordable, easiest but also most time consuming ways to really earn Bitcoin is through micro earnings. This means that youll essentially be doing small jobs and earning fractions of a coin for the period you spend.
Some of the more well-known micro earnings sites are Bitcoin taps websites that you repeatedly go to every few minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of all PTC websites, PTC meaning Pay to Click. PTC sites 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 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 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 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 you have you can make up to $1000/month go running a tap.
But, running a faucet requires 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 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 with a standing less than complete member wont get paid that much, in the end. To be a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on posts; for example length, original content, and more. .
From time to time, theres also a minimum post requirement each week. From our experience you can make around $5 an hour depending no just 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 also riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its cost is low and sell it when the cost 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 how to overcome the many risks involved with trading. Successful traders know they may lose money in the brief term but they consider it as an investment in their education, since they are aiming for the long term. .
If you want to become a trader make sure you have the time and capital to invest in good trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are individuals 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 promote that product or service.
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Naturally there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even set up your own information site and promote your links within the content.