The Free Bitcoin Account Diaries
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 even make money from it readily. Im sorry to burst this bubble, but Bitcoin is exactly 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 the approaches Ill go over are things weve actually tested ourselves at 99Bitcoins, so that you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin to get the period you spend.
Some of the well-known micro earnings sites are Bitcoin taps websites that you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of PTC sites, PTC meaning Pay to Click. PTC websites will usually have you click on an ad 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 faucet person might not earn you a lot 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 just about 3 years now. Depending on the advertisers youre using and the amount of visitors you have you can make up to $1000/month running a tap.
However, running a faucet requires a reasonable amount of time and effort. 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, began running signature campaigns. Simply put, you could use your BitcoinTalk signature to market a product and get paid for each post you write. The whole collection of campaigns can be seen on the forum itself.
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a status less than complete 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. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no just how much you compose and your membership level. This, of course, does not include the number of posts you need to write 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. Fundamentally youre trying to get Bitcoin when its cost is reduced and sell it when the price 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 exchange and how to overcome the many dangers involved in trading. Successful traders know they may get rid of money in the brief term but they look at it as an investment in their education, since they are aiming for the long term. .
If you want to become a dealer make certain that you have sufficient time and funds to invest in good 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 for free but receive a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, products 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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Of course there are many ways blog you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information site and promote your links within your content.