11 Ways to Earn Bitcoins & Make Money with Bitcoin (2021 updated)

What are some of the best ways
to earn Bitcoin today? On the other hand, what methods
should you avoid completely? Well, stick around…
Here on Bitcoin Whiteboard Tuesday, we’ll answer these questions and more. Let’s face it, a lot of people are into
Bitcoin and cryptocurrencies in order to make a quick buck. That’s why today’s episode
is dedicated exclusively to ways you can make money with Bitcoin. 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 it
or make money from it easily. I’m sorry to burst that bubble, but Bitcoin is just like
any other currency out there. Just like there’s no easy, risk free way
to make a quick buck there’s no magical way to earn Bitcoin. While cryptocurrencies in general
may hold some new possibilities for generating income the basics are the same; you’ll need to invest time,
or money in order to make money. Each method I’ll be covering today will be graded according to
the following factors: How much effort does it take
to use this method? How much money can be made
through this method? And finally – how risky is this method? All of the methods I’ll go over
are things we’ve actually tested ourselves here at 99Bitcoins, so you can rest assured
we’re talking from experience.

Let’s get started… One of the cheapest, easiest
but also most time consuming ways to actually earn Bitcoin
is through micro earnings. This means that you’ll
basically be doing small tasks and earning fractions of a coin
for the time you spend. Some of the more well-known
micro earnings sites are Bitcoin faucets; sites which you repeatedly visit
every few minutes in order to claim
a very small amount of coins. Faucets are actually a subcategory of
PTC websites, PTC meaning “Pay to Click”. PTC websites will usually have you click
on an ad or on a button on the site in order to make money from ad sales.

In return you’ll get a small amount of coins. How small? Well, from our calculations,
if you work non stop at clicking buttons you’ll average anywhere between
5-40 cents an hour. Not sure that’s worth your time or even the electricity
to run your computer. Micro earnings take a lot of effort,
yield very low income but are usually a very safe bet. While participating as a faucet user
might not earn you a lot of money, owning your own faucet
is a whole different story. Today, you can build a cryptocurrency
faucet relatively easily 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 you’re using
and the amount of traffic you have you can make up to $1000/month
running a faucet. However, running a faucet requires
a reasonable amount of time and effort. You’ll need to set up your own website,
manage users, prevent fraud and also bring some initial capital
to fund the faucet when starting out. We’ve placed a link to
our complete beginners faucet tutorial in the resource section below this video. Running a faucet requires
medium to high effort, yields low to medium rewards
and entails a medium amount of risk.

Somewhere around mid-2014,
BitcoinTalk, a leading Bitcoin forum, started running signature campaigns. Simply put, you could
use your BitcoinTalk signature to advertise a product
and get paid for every post you write. The complete list of campaigns
can be seen on the forum itself. With a signature campaign you get paid according to
your membership level on BitcoinTalk. Usually, anyone with a status
less than ‘full member’ won’t get paid that much, if at all. To become a full member, you’ll need at least
120 posts under your belt. There are also limitations on posts;
such as length, original content, and more.

Sometimes, there’s also
a minimum post requirement per week. From our experience
you can make up to $5 an hour depending no how much you write
and your membership level. This, of course, does not include
the number of posts you need to write in order to earn the required
membership level on BitcoinTalk. You can find additional information about
creating a BitcoinTalk signature campaign in the resource section below this video. To sum it up, running a signature campaign
takes a medium amount of effort, yields low reward and entails little risk. One of the fastest, easiest
but also riskiest ways you can make money with Bitcoin
is by trading it on an exchange. Basically you’re trying to buy Bitcoin
when its price is low and sell it when the price rises. However, trading successfully
is not a matter of luck or guesswork. Profitable traders spend
a substantial amount of time learning how to trade and how to overcome the many risks
involved with trading.

Successful traders know
they might lose money in the short term but they look at it as an investment
in their education, since they are aiming for the long term. What I’m trying to say is that
trading isn’t as easy as it looks. If you want to become a trader make sure you have the time and capital
to invest in good trading education. If you want to learn more about trading, our resource section below
has a link to another video that will give you the basics.

I’d say that becoming a successful trader
takes a medium to high amount of effort depending on where you’re at in your training, can yield high rewards
and entails very high risk. One of the most overlooked ways
to make money with Bitcoin is by promoting through
various affiliate programs. Affiliates are people who promote
a certain business for free but receive a commission if they manage to
bring in paying customers. Many Bitcoin exchanges, products and services have an affiliate program
in which you can enroll.

You then get your own unique affiliate link
in order to promote that product or service. Of course there are many ways
you can promote your affiliate link; you can share it on Facebook,
run ad campaigns on different websites or even set up your own information site
and promote your links within the content. This is actually how 99Bitcoins got started, and we’ve even published
a book about it called “My Dirty Little Bitcoin Secrets”
which you can download for free in the resource section below this video. If you want to know more about this method make sure to download the book
and read it from start to finish, only then will you understand
the amount of work needed in order to become
a successful affiliate marketer.

In our resource section you can also find a list of
highly profitable Bitcoin affiliate programs which we have already field tested ourselves. Promoting Bitcoin affiliate programs
requires a high amount of effort, can yield medium to high rewards
but doesn’t entail a lot of risk. A very obvious way of
trying to increase your crypto wealth would be to gamble on it using one of the various
Bitcoin casinos out there. Of course there’s not much
to elaborate on this method but if you do decide to risk your money
and try your luck, please make sure the casino
you’re using is provably fair.

A trustworthy Bitcoin casino will know that
their “house edge” is enough to make a profit and therefore will want to
prove to their players that they are not manipulating any results. They do this through a mathematical
algorithm involving cryptography. Bottom line, a provably fair casino
will show you how to check that the results of the game you play
are completely random. You can find a list of
provably fair Bitcoin casinos in our resource section below.

Gambling takes little to no effort, can yield high rewards
but is extremely risky. If you’re into crypto
and have a knack for words you might want to consider becoming
a crypto journalist or article writer. As the crypto industry evolves, more and more news and information websites
are popping up. In many cases these sites are
in desperate need for writers as they are publishing
dozens of articles each week. Since good writers are hard to find, if you can submit quality work
you may be able to earn a nice revenue stream by writing about Bitcoin
and cryptocurrencies from the comfort of your own home. The best ways to find work as a writer would be to look for the “jobs” section
in your favorite crypto publications. You can also email specific sites
you’d like to write for, or you can create a writer profile on Upwork,
an international freelance marketplace.

I can assure you there is
a desperate need for good writers. It’s best if you have
some sample articles on hand before applying for a writing job as many publications would request
previous work before hiring you. Creating a revenue stream
by writing about Bitcoin requires a medium amount of effort,
yields medium returns and entails little to no risk. If you’re not good with words perhaps there’s a different service
you can offer. The BitcoinTalk services thread,
there’s a link to it in our resource section, offers a wide variety of services
you can provide in exchange for Bitcoin. Some of these include developing a website,
marketing an online product or even becoming an Escrow agent
for Bitcoin transactions. Moving on. Many people that start out with Bitcoin are instantly drawn to
the concept of Bitcoin mining.

I mean, creating magical Internet money
from your home computer? What could be better? Well, the fact is that today Bitcoin mining has become
more of a profession than a hobby. It requires extremely expensive equipment,
high electricity costs, hardware configuration knowledge and physical space to actually
store your miners. We’ve put a link
in the resource section below to one of our more popular articles dealing with the profitability of
Bitcoin mining today. Having said that, mining altcoins
is cheaper than what you’d need in order to mine Bitcoin. But this only means that
the hardware will cost less. The other hassles of electricity costs,
configurations, maintenance and so on are basically the same. Sometimes you’ll encounter
a website or mobile app that tells you they will mine coins for you. Most of these services
are pretty much useless and will usually consume your device’s
computing power and battery just to give you a few cents in return. Another option is cloud mining; paying someone else to handle
the mining equipment for you. While this sounds ideal,
most of the cloud mining sites today are just pretending to use your money
for mining operations, they are in fact scams.

Furthermore, while there are
a few legit sites out there, the money you’d pay them to mine Bitcoin is probably better invested
just buying Bitcoin. Of course we always urge you to
do your own market research since in the end, it’s your money. To sum it up, actual mining requires
a high amount of effort, yields medium to high rewards
and is a risky business. A very popular way of growing
your Bitcoin wealth is through Bitcoin lending platforms. These sites connect borrowers
that need crypto with crypto owners who lend their coins
for an interest rate. Because these loans are ultra risky
the interest rates are pretty high which initially seems like a good thing.

I mean I can make 15% a year on my coins,
what’s not to love about that? Well, since there is no actual collateral
that holds the borrower liable for the loan more often than not these loans default
and lenders are left without their money. We’ve tested out several loans
here at 99Bitcoins, and they all eventually defaulted. That’s why I recommend to stay away from
this specific method. You can read about our experience with
online lending in the resource section. Lending your Bitcoin
requires little to no effort, potentially holds high rewards but is so risky it’s really
not even worth considering. Another method I suggest
you avoid are coin doublers and High Yield Investment Programs
also known as HYIPs. These are sites that claim to
double your coins every few days or give you unreal interest rates. What these sites actually do is
take money from new users and use that money to pay off old users. This process creates
a lot of buzz around the site that seems to be legit and solvent. On top of that, they almost always have
some sort of referral program so that users can bring
their friends on board.

This is how a Ponzi scheme works. This will go on for around
3-4 months until one day the website will just go offline
and the money will be gone. No more payments will be made and a lot of people will get mad
that they got scammed. We have reviewed several
Bitcoin investment sites in the past 3 years and have yet to find a site that
we can say is safe to invest in.

Any site that promises you something
that is too good to be true is probably just a facade for scammers
trying to steal your coins. How can you find out
if a site is a scam for yourself? Easy, use our Bitcoin
scam test tool located in, you guessed it, our resource section below. We’re reaching the end of this week’s episode
and as you can see we’ve covered a lot of ways
you can earn Bitcoin or make money with cryptocurrencies. In the end each method has its pros and cons, some are more risky while others
take a greater amount of effort. In order to make it easier for you to review
what we’ve just covered we created this table that illustrates
the different methods, you can get a better look at it
below this video.

You may still have some questions. And if so, just leave them
in the comment section below. And if you’re watching this video on YouTube,
and enjoy what you’ve seen, don’t forget to hit the like button. Then make sure to subscribe for
notifications about new episodes. Thanks for joining me here at the Whiteboard. For 99bitcoins.com, I’m Nate Martin,
and I’ll see you… in a bit..

As found on YouTube

11 Ways to Earn Bitcoins & Make Money with Bitcoin (2021 updated)

Start trading Bitcoin and cryptocurrency here: http://bit.ly/3kekp35

While there are many ways you can make money with Bitcoin in the end there are no free meals. Earning Bitcoins online take time and money and most methods promising free Bitcoins will not be worth the time wasted on them.

Here are the different methods I cover in this video:

0:18 - Intro
1:21- Micro earnings
2:25 - Owning a Bitcoin faucet
3:11 - Signature campaigns
4:18 - Bitcoin trading
5:16 - Bitcoin affiliate programs
6:32 - Gambling (very high risk)
7:20 - Crypto blogging
8:26 - Offering crypto services
8:46 - Bitcoin mining
10:20 - Bitcoin lending platforms
11:14 - Coin doublers and HYIPs (avoid)
12:22 - Conclusion + flowchart

My Dirty Little Bitcoin Secrets eBook (free download):

For the complete text guide and resource section visit:

Join our 7-day Bitcoin crash course absolutely free:

Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:

Get the latest news and prices on your phone:
iOS - https://apple.co/2yf02LJ
Android - http://bit.ly/2NrMVw2

See anything we haven't covered? Leave us a comment in the comment section below

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