Free Bitcoin Account for Dummies
For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magic way you can earn Bitcoins or even make money from it easily. Im sorry to burst the bubble, but Bitcoin is just 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.
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 cheapest, easiest but most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin for the time you spend.
A number of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every couple of minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of PTC websites, PTC meaning Pay . PTC websites will often have you click on an ad or on a button on the website in order to make money from ad 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 electricity 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. Today, 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 years now. Depending on the advertisers youre using and the amount of traffic you have you can make up to $1000/month running a faucet.
But, running a faucet requires a reasonable amount of time and effort. Youll need to set up your own website, manage users, prevent fraud and bring some initial capital to YOURURL.com 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 every post you write. The complete collection of campaigns can be seen on the discussion itself.
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone using a status less than full member wont get paid that much, if at all. To become a complete member, youll need at least 120 posts under your belt. Additionally, there are limitations on posts; such as length, original content, and more. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no how try these out 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 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. Fundamentally youre trying to buy Bitcoin when its price is reduced and sell it when the price rises.
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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 exchange and the way to overcome the many dangers involved in trading. Successful traders know they may get rid of money in the short term but they consider it as an investment in their education, since they're aiming for the long run. .
If you want to become a dealer be certain that you have sufficient time and capital 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 individuals who market a certain business free of charge but get 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 that you can market your affiliate link you can discuss it on Facebook, run advertising campaigns on different sites or even set up your own information site and promote your links within your content.