How to make money with Bitcoin online
It is now the eve of 2018 and Bitcoin is at the top of the mountain. The bad days seem to be gone, and while a bitcoin bubble could happen at any time, there’s no arguing that the cryptocurrency is here to stay. The sooner you get involved in making money with bitcoin, the better ground you will have in 5 years when it becomes an established currency around the world.
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 with bitcoin. And bubble or not, the value will go up in the future because people are just getting involved.
Make your own Bitcoin Faucet
Earning potential: $50 to $800 per month.
A bitcoin faucet is a project where 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 number of visitors to keep browsing the site every day and hour, it offers to split the ad revenue with them, paying in Satoshi, which is basically bitcoin pennies. In order to claim their winnings, the user must earn a certain amount of Satoshi and the payouts are made on a weekly basis.
The faucets are paying between 100,000 and 400,000 satoshi per hour. Some offer bonus payments for seniority or performance of tasks.
Faucets started working with captcha solving and nothing else. A very boring passive income task. New faucets are being built in games where users kill aliens, feed creatures or kill robots to earn satoshi, the further they go in the game the more they earn. So this is a great idea for your own faucet.
The day when all video game players get paid to play is just around the corner.
Please note that bitcoin faucets tend to default due to lack of funds or liquidity. Faucet owners are not getting paid fast enough to pay for a rapidly 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 is a lot of room for new bloggers and sites. New bitcoin-related businesses pop up every day; Anything from bitcoin exchanges, trading, play money sites, faucets, online stores, and mining are greedy for your ad space.
Setting up a bitcoin blog and monetization can be slow at first, but consistently posting rich content will get some advertisers interested in no less than 9 months.
You can join some affiliate programs or set up your own bitcoin store. Bitcoin faucets, wallets and exchanges pay huge referral fees.
Small Profits from Bitcoin Faucets
My first tip involved creating your own faucet. If that’s too hard, try joining one and reaping its benefits. Instead of making around $800 per month, it would be more like $30 to $100 per month with a monotonous task, but it’s still money and a first step to start building your bank.
Keep in mind that bitcoin faucets tend to be buggy and go away very quickly. So make sure you join some reputable ones like Robotcoin.com and BitcoinAlien.com. These are also fun because you can play while you win, my top recommendation would be robotcoin.
Create an online store for Bitcoin products or services
Bitcoin is still difficult to monetize in USD and other hard currencies. It’s not that it’s extremely difficult, but it does add some fees and taxes to the process. Although it is still one of the cheapest ways to send money anywhere in the world.
Buying things with bitcoins is a great way to do something useful with them and helps avoid fees and taxes on exchanges. Especially if you can later resell those assets and turn them into cash.
There is a great business opportunity in selling goods paid for in bitcoin at low or wholesale prices. All you need is a bitcoin merchant for your Shopify or WooCommerce store like BitPay.com. Shopify already comes with BitPay.