How To Fund Bitcoin Wallet - Truths
For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magic way you can earn Bitcoins or even make money from it easily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency on the market.
While cryptocurrencies in general might hold some new possibilities for generating income the basics 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 out of experience. Lets get started
One of the cheapest, easiest but most time consuming tactics to actually earn Bitcoin is via micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin for the period you spend.
Some of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of PTC sites, PTC meaning Pay . PTC sites will often have you click on an advertisement 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 computer.
While participating as a faucet user may not earn you a great deal of money, owning your own faucet is an entire different story. Now, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your site.
At 99Bitcoins we have been running our own faucet for almost 3 decades now. Depending on the advertisers youre using and the amount of traffic that you have you can make up to $1000/month running a tap.
But, running a faucet takes a reasonable amount of time and effort. Youll need to set up your own website, manage customers, 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. Simply put, you can use your BitcoinTalk signature to market a product and get paid for every post you write. The whole collection of campaigns can be seen on the discussion .
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone with a status less than full member wont get paid that much, in the end. To be a full member, youll need at least 120 articles under your belt. There are also limitations on posts; such as 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, of course, does not include the number check that of posts you need to compose in order to earn the required membership amount on BitcoinTalk. .
One of the fastest, easiest but 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 reduced and sell it when the price rises.
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But, 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 conquer the many dangers involved in trading. Successful traders know they might lose money in the brief term but they consider it as an investment in their own education, since they are aiming for the long run. .
If you want to be a trader make sure you have the time and funds to invest in great trading education.
One of the most overlooked methods to make 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, goods 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 you can market your affiliate link you can share it on Facebook, run advertising campaigns on different websites or even create your own information site and promote your links within your content.