A Biased View of How To Fund Bitcoin Wallet
For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magical way you can earn Bitcoins or even earn money from it easily. Im sorry to burst this bubble, but Bitcoin is just like any other currency out there.
Even though cryptocurrencies in general may hold some new possibilities for generating income that the fundamentals are the exact same youll need to invest time, or money in order to generate money.
All the methods Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means that you can rest assured were talking from 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 little jobs and earning fractions of a coin to get your period you spend.
A number of the more well-known micro earnings sites are Bitcoin taps websites that you repeatedly visit every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of all PTC sites, 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 generate money from ad sales.
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From our calculations, if 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 electricity for running your PC.
While participating as a tap user might not earn you a lot of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively easily 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 visitors 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 establish your own site, manage users, 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 important link put, you can use your BitcoinTalk signature to advertise 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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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a status less than full member wont get my blog paid that much, in the end. To become a complete member, youll need at least 120 posts under your belt. There are also limitations on articles; such as length, original content, and much more. .
Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $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 mandatory membership level on BitcoinTalk. .
One of the fastest, easiest but 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 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 trade why not find out more 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 be a dealer make certain that you have sufficient time and funds to invest in great trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who promote a certain business free of charge but get 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 market that product or service.
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Of course there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even create your own information website and promote your links within the content.