How to Make Money From Bitcoin Online - 4 minutes read
It is now the eve of 2018 and bitcoin is at the top of the mountain. The bad days seems to be gone, and although a bitcoin bubble could happen anytime, there is no arguing the cryptocurrency is here to stay. The sooner you get involved into making money from bitcoin, the better ground you will have in 5 years when it becomes an established currency worldwide.
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And if the Bubble scares you, investing in bitcoin is just one of the options, but not the only one. Bubble or not you can still make tons of money from bitcoin. And bubble or not, the value will rise in the future because people are just getting involved in it.
Make you own Bitcoin Faucet
Earning Potential: $50 to $800 a month.
A bitcoin faucet is a project in which you create a website or app for users to visit. You monetize the site with ads that pay in bitcoin. The ads pay a small amount of bitcoins per page view, click or conversion.
To encourage a large amount of visitors to keep navigating the site on a daily and hourly basis, you offer to split the revenue from the ads with them, paying in Satoshi which are basically bitcoin cents. To claim their winnings the user needs to earn a certain amount of Satoshi and payments are conducted on a weekly basis.
Faucets are paying between 100,000 to 400,000 satoshi's per hour. Some offer premium payments for seniority
or tasks achievements.
Faucets began to operate with the solving of captchas, and nothing else. A very boring passive income task. New faucets are building in games were users kill aliens, feed critters or kill robots to earn satoshi, the more they advance in the game the more they earn. So this is a great idea for your own faucet.
The day were every video game player gets paid for playing is just around the corner.
Take into consideration that bitcoin faucets tend to default due to underfunding or liquidity. The owners of the faucet do not receive their payments fast enough to pay a fast growing user base. They also tend to be hot targets for hackers.
Generate Passive Income from Your Bitcoin Blog
Since bitcoin is so new compared to other targeted content there's lots of room for new bloggers and sites. New businesses related to bitcoin spring up every day; anything from bitcoin exchanges, trading, play money sites, faucets, online shops and mining are avid for your advertorial space.
Creating a bitcoin blog and monetizing can be slow at the beginning, but constant publishing of rich content will get some advertisers interested in no less than 9 months.
You can join some affiliate programs or establish your own bitcoin shop. Bitcoin faucets, wallets and exchanges pay large commissions per referral.
Small Earnings from Bitcoin Faucets
My first advice involved creating your very own faucet. If that is a bit too hard, then try joining one and reaping off its benefits. Instead of making around $800 a month it would be more like $30 to $100 a month from a monotonous task, but it's still money and a first step to begin building up your bank.
Take note that bitcoin faucets tend to be faulty and disappear very fast. So make sure to join some reputable ones like Robotcoin.com and BitcoinAlien.com. These are also fun because you get to play games while earning, my top most recommendation would be robotcoin.
Create a Bitcoin Product or Service Online Shop
Bitcoin is still hard to monetize into USD and other hard currencies. Not that it is extremely hard, but ads some fees and taxes to the process. Although it is still one of the cheapest ways to send money to anywhere in the world.
Buying stuff with bitcoins is a great way of making something useful out of them and helps skip the fees and tax of exchanges. Especially if you can then resell those goods and turn into hard cash.
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There is a great business opportunity in selling goods paid in bitcoin at low prices or wholesale. All you need is a bitcoin merchant for your Shopify or WooCommerce shop like BitPay.com. Shopify comes with BitPay already.