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How to Make Money From Bitcoin Online

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.

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.