How to earn bitcoin?

#1 – Micro Earnings

This is probably the easiest niche to get into, but it’s also the most time consuming. Methods that belong to this niche usually take up a lot of time and pay a fairly small (almost irrelevant) amount of Bitcoins. Even if you have a lot of free time on your hands, this still won’t bring you too much income. Also, some of the websites that pay out micro earnings have built-in malware and viruses, so you need to stay safe and not click any links you don’t trust.

PTC or Paid-to-Click websites ($0.4/hour on avg.)

As the name suggests, these are websites that will give you small amounts of Bitcoin for viewing ads and visiting websites. The most popular PTC website today is ads4BTC. The site will give you a choice between 5-second ads, 10-second ads and 20-second ads, as shown here:As you can see, even if we watch 20-second ads all day long for 24 hours, we will be making 0.0216BTC. So basically, we’ll be making $9.612 for 24 hours of work.

Bitcoin Faucets ($0.054/hour on avg.)

Even though running a Bitcoin faucet can be profitable (more on this later on), using a faucet isn’t as much. Faucets are websites that will give you a small quantity of Bitcoins every few minutes. 

Check some of this sites: fcoin or bitLucky.

 

Micro jobs

There is always the possibility of completing micro tasks in order to get paid small amounts of Bitcoin. Coinworker is a good example of a micro jobs Bitcoin site. Jobs can be anything from testing a web application on a browser to retweeting a post. 

 

BitcoinTalk Signature Campaigns ($2.67/hour on avg.)

Somewhere around mid-2014, BitcoinTalk started running signature campaigns. What this means is that you use your BitcoinTalk’s signature to advertise a Bitcoin product and get paid for every post you write. The complete list of campaigns can be seen here. Of course, this created a lot of “junk” posts on BitcoinTalk, like people saying just “thank you” or “awesome post” and not adding any actual content.You get paid according to your membership level on BitcoinTalk. Usually, anyone under a full member won’t get paid that much or paid at all. To becoming a full member, you’ll need at least 120 posts under your belt, and then you can start earning 0.0005BTC on average per post. There are also limitations on posts you can write such as “original posts with 60 or more characters”, “You can’t have negative trust or other advertisements”, etc. Sometimes, there’s also a minimum post requirement per week.Seeing as writing a constructive post of at least 60 words takes a minimum of five minutes, my guess is that if you work for 24 hours straight, you can make 0.144BTC. So you’ll be making $64.08 for 24 hours of work. This, of course, does not include the number of posts you need to write in order to get the required membership level on BitcoinTalk. Also, many campaigns have a “maximum posts allowed per week” policy, so you may not be able to work a full 24 hours. 

 

Writing for blogs and news sites ($31.25/hour on avg.)

If you think you have enough knowledge to contribute about Bitcoin, you can always become a writer for a blog or a news site. Many sites need to fill up a daily quota of posts, and they are desperately looking for writers. We hire the occasional writer on 99Bitcoins as well, and I can say that the salary of a blog post writer will vary significantly based on your experience, control of the English language and expertise. If you’re a top-notch writer, you can even make up to $80 per 1000-word blog post. On average, I’m guessing most writer get somewhere around $35 for a 1000-word blog post.But writing a good blog post takes time. For example, it took me about four hours to write this 2400-word blog post. So let’s say, theoretically, that I can work for 24 hours straight; I’ll be making around $750. If you want to become a writer, the best way to find Bitcoin blogs that are looking for writers is through Coinality, which aggregates all of the Bitcoin jobs being posted online. 

 

#3 – Supply Bitcoin-related services

This category is a bit broad, as it includes every possible Bitcoin service that you can think of that someone would pay for. The best ways to get ideas for services you can provide is to visit either Coinality (which I’ve mentioned previously) or the services thread on BitcoinTalk. Some examples for services people are looking for:

• Blockchain developer
• Website manager
• Graphic design expert
• Mining expert
• Online marketer, etc.

 

Becoming a Bitcoin escrow agent

One example of a service you can provide is becoming a Bitcoin escrow agent and getting paid for arbitration in Bitcoin transactions (more on that here). Of course, this will mean you will need to gain some sort of reputation for yourself as a trustworthy person in the community.I can’t really put a price estimate on this category, since every service is different. This is something you will have to personally research depending on the service you’d like to provide. 

 

#5 – Mine Bitcoins

I’m going to be brief about this option. Bitcoin mining is not a way to earn Bitcoin fast or free. It takes a lot of time, research and money that you’ll need to invest into mining equipment. If you’re a newbie, then you probably shouldn’t be pursuing this. If you’re a veteran, then you probably already know this.Sure, you’ll be able to generate Bitcoins even if you use your own PC at home, but if you use a mining calculator, you’ll see that you’ll be making 0.00000968BTC  a day ($0.0043) and spending perhaps 100x that on electricity bills or cooling down your computer (in hopes it doesn’t get ruined in the process). 

 

#6 – Gambling

This part doesn’t need a lot of explanation, I guess. There are a lot of Bitcoin gambling websites out there that will gladly take your money for the chance of winning a bigger pot. Here’s just one example. The upside about gambling is that it doesn’t take any specific skill to start doing it; the downside is that it’s much more likely that you’ll lose all of your Bitcoins than actually win anything. 

 

#7 – Bitcoin trading

Today, there are many forms of Bitcoin trading available. If you’re interested in getting started with trading, you need to make sure you have the required knowledge. In the following weeks, I’ll post a complete beginner’s tutorial on Bitcoin trading, but for now, here are the main options:

Bitcoin day trading

Day trading is the buying and selling of Bitcoins on the same day,  on the basis of small, short-term price fluctuations. So, if you think that Bitcoin’s price is going to go up, it’s a good time to buy some Bitcoins and sell them off after you’ve made a profit. In order to participate in actual day trading, you’ll have to own or buy Bitcoins.

Bitcoin CFDs (contracts for difference)

This is similar to day trading, but different to the extent that you don’t have to buy Bitcoins. When you buy Bitcoin CFDs, you can do it through a broker such as plus500 or AvaTrade. The idea is that instead of buying the actual asset (Bitcoin) and then selling it later, you buy a contract for that asset, so you don’t have to deal with actually holding or storing Bitcoins. More on Bitcoin CFDs here. With CFDs you can also short sell – meaning make a profit when Bitcoin’s price goes down.

Bitcoin binary options

Bitcoin binary options are a form of trading in which you predict if the price of Bitcoin will rise or fall in a certain amount of time. If you’re correct, you earn the option’s payoff; if you’re incorrect, you lose your investment. They are called “Binary Options”, because the outcome is either win or lose; there’s nothing in between.Basically, it’s a form of gambling that’s covered up with a pretty name. No one can predict precisely what will happen with Bitcoin’s price. If that were possible, we would all be billionaires. I suggest you stay away from Bitcoin binary options unless you like to gamble, and if you do, that’s fine I guess.