How To Fund Bitcoin Wallet for Beginners
For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or even earn money from it easily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency out there.
Even though cryptocurrencies in general might hold some new possibilities for generating income that the fundamentals are the exact same youll need to invest cash, or money in order to make money.
Each one the methods Ill go over are things weve really tested ourselves 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 via micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin to get your time you spend.
Some of the more well-known micro earnings websites are Bitcoin faucets sites which you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of all PTC websites, PTC meaning Pay to Click. PTC websites will usually have you click on an advertisement or on a button on the website in order to generate money from ad 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 electricity for running your computer.
While participating as a tap person may not earn you a lot of money, owning your own faucet is a whole different story. Today, you can construct 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 years now. Depending on the advertisers youre using and the amount of traffic you have you can make around $1000/month running a faucet.
However, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own site, manage customers, prevent fraud and bring some initial capital to have a peek here 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 advertise 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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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone using a status less than complete member wont get paid that much, if at all. To become a full member, youll need at least 120 articles under your belt. There are also limitations on articles; for example length, original content, and much 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 how much you write and your membership level. This, clearly, does not include the number of articles you need to compose 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 low and sell it when the cost rises.
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However, trading Bitcoin successfully is not a matter of luck or New Bitcoin Mining Hardware guesswork. Experienced traders spend a substantial amount of time learning how to trade and how to conquer 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 dealer be 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 individuals who market 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 market that service or product.
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Naturally there are many ways you can market your affiliate link you can share it on Facebook, run advertising campaigns on different sites or even create your own information website and promote your links within your content.