Everything you need to start earning Bitcoin immediately
You’ve just discovered Bitcoin and possibly heard of other virtual cryptocurrencies and now you want to get some. You are also in the process of learning all about how these cryptocoins work.
You don’t have to wait until you figure it all out to get your hands on some. In fact, you’ll learn faster and have more fun with some actual experience.
It’s very easy to start earning Bitcoins. Simply take the following steps.
Get a Bitcoin Wallet Your Bitcoin wallet is where your Bitcoins will be kept and where you will receive payments. There are various types of wallets, but the one you want to start out with is Inputs IO. An Inputs wallet allows you to send Bitcoin to other Inputs wallets for free. You pay a modest transaction fee to send to any other Bitcoin address. Inputs wallets are encrypted and compatible with 2-factor authorization, so your wallet will be very secure provided you keep your log in credentials secret. Register for an Inputs IO wallet now.
Locate your Bitcoin Address Your Bitcoin Address is how you can get paid. It is a nonsensical string of numbers and letters usually starting with the number 1. For example, my wallet address is 1H6kb2p9sQ47855PUwxTtsx4CZrrMqSup9 Once you log into Inputs IO, you can find your address towards the bottom of the “add funds” panel on the right side of the page in the Overview section. You will be copying and pasting this address in various places where you can earn. Make sure that you copy and paste the entire string of letters and numbers.
You have a Bitcoin wallet and you have found your address. You are now ready to start filling your wallet with Bitcoin.
Earning Bitcoin in small amounts is surprisingly easy. When I first set up my own Bitcoin wallet, I started getting small payments within hours.
The CoinBox Faucets The first place to hit up is the CoinBox faucets. In the Bitcoin world a faucet is a website which gives out tiny amounts of Bitcoin to whoever asks. The way you ask is you input your Bitcoin address and fill out a Captcha. That’s it. CoinBox is a service which combines all those earnings into one lump sum. I refer to all the faucets which use this service as the CoinBox faucets. Once your faucet earnings reach 0.00005500 BTC, your payment will be processed and sent in the next round of payouts. CoinBox sends out payments once every eight hours. It’s safe to assume that by the next day you will receive your first payment from CoinBox.
Here is a list of all the CoinBox faucets I know about. Go ahead and visit a few of them. Each one pays out 0.00000250 BTC, or 250 satoshis. Once you have visited a few of them, you can check your earnings by entering your address on the CoinBox site.
http://www.fr33bitcoins.com http://www.bitcats.net http://www.srbitcoin.com http://www.btc4you.com http://www.rawbitcoins.com http://www.canhasbitcoin.com http://www.faucetbtc.com http://www.thebitcoin.me http://www.freebtc4all.com http://www.btcmine.net http://www.greencoins.org http://www.freebitcoins.me http://www.thefreebitcoins.com http://www.nioctib.net http://www.virtualfaucet.com http://www.elbitcoingratis.es http://www.bitcoinspain.net http://www.freebitcoinlottery.com http://bitcoins4free.me http://www.freebitcoins4u.com
You can make a request from these faucets once every half hour. As you visit the faucets, you will notice a lot of advertisements all around the place where you enter your request. The hope is of course that you will get curious about those ads, but it’s the promise of a payout that got you to that site. The advertisers get lots of people seeing their ads; you get a payout. The Bitcoin economy grows. Everyone is happy.
There are also numerous faucets which cash out directly to your Inputs IO wallet. I call them the Inputs faucets. These faucets tend to be even more generous than the CoinBox faucets. However, they are also less reliable. Some work better than others, and some close down or stop paying with no warning. As long as you’re not one to get too upset over the glitches, you can do quite well with Inputs faucets, and you will get to know which ones are reliable and which ones are best to skip over. Here are a few Inputs faucets I know about. More pop up every day so this list is likely to be already outdated, but should get you started.
Be sure to check out my faucets page for the most updated list of faucets that I keep.
Visit Websites for Bitcoin Faucets are lots of fun, but there are more lucrative ways to earn Bitcoin. This is where CoinAd and BitVisitor come in. These are two permission marketing sites that I visit every day.
You can get started right away with BitVisitor. Simply enter your Bitcoin address and the site will guide you to all the advertised websites you can visit. The sites are queued in the order of how much they are willing to pay you to visit them (higher paying sites first). You spend five minutes on each site, and there is a countdown timer to let you know. When the timer hits zero, a green NEXT button appears. You click on that and it credits your account for the site you just visited and takes you to the next site. When your address accumulates 0.0001 BTC (or 100 uBTC), BitVisitor sends a payment. BitVisitor sends out payments every hour, so once you have viewed enough ads you can expect a payment the same day.
CoinAd is a similar concept to BitVisitor. You get paid to visit websites. You do have to register an account (username and password) on CoinAd and log in to view the ads. In CoinAd, your balance is maintained in your account and once you reach a low payment threshold you can decide to cash out, at which point your earnings will be sent to your Bitcoin address. CoinAd says it takes a week to process payments. My experience has been that it takes a day or two. Although CoinAd started out fairly small with just a few ads to show each day, it is clearly growing and becoming a great place to collect some easy Bitcoin.
Both BitVisitor and CoinAd present new websites for you to visit every day, so those sites are worth going through once a day. The earnings are significantly larger than what you can earn through the faucets, and they do add up over time if you keep at it. What is great about these sites (and the faucets) is that even if your earnings amount to little more than a penny, you still get paid that amount, which in my opinion is much better than having earnings sitting in your account until you finally reach some barely attainable payment threshold. Once those earnings make it to your wallet, you get to decide what to do with them.
Watch videos and perform tasks for Bitcoin Many people like to boost the number of views on their YouTube videos and are willing to pay for those views. There are several sites which allow you to earn some Bitcoin for watching YouTube videos. CoinTube is one such site. It is simple to use. You simply enter your Bitcoin address and start watching videos. You have to enter a code in between videos. I don’t use this site as much, but wanted to let you know about it. Sometimes you get lots of videos; other times you run out of videos to watch after just a few.
CoinTasker is an up and coming one-stop earnings site which provides the opportunity to earn Bitcoin while watching YouTube videos and much more. Just like with CoinAd, you register an account and you can start earning within minutes. In addition to watching videos, you can also earn by completing simple tasks and completing offers. Unlike the other earning sites which eventually run out of ads or videos, CoinTasker has so many earning opportunities that you won’t easily run out of things to do. Some of the tasks do take time to complete.
BitcoinGet is another one-stop earnings site. It actually came before CoinTasker, and includes videos, tasks, and offers. When I first started out in the Bitcoin world I spent a lot of time on BitcoinGet, especially when I had a particular earnings goal in mind. I believe CoinTasker is poised to outpace BitcoinGet as within days of launching it already has many more features, including a built-in social networking hub and a chat box where you can get nearly instant assistance if you have any questions or run into any snags while on the site.
Earn Bitcoin passively You will be rewarded with small deposits of Bitcoin in exchange for the time you spend on the faucet and earnings sites. The next step is to take those earnings and deposit them in places which will yield a return, or make payments back to you. This is also known as investing. Believe it or not, there are quite a few options for putting your Bitcoin earnings to work for you, and there are also tons of scams, so you do have to be very careful with this part.
There are two sites which pay return on Bitcoin that I can recommend at this point. The first is mcxNOW. mcxNOW is actually an exchange site. People go there to buy and sell all kinds of cryptocoins. However, every six hours, the site will pay out a dividend based on your balance and how much it collected in fees. You can send as little as 0.01 BTC (which you can earn within a day or two of some dedicated work on CoinTasker) to your mcxNOW account and then wait for the small payments to come in. Payments I have received have ranged from 159 satoshis (0.00000159 BTC) all the way up to 2268 satoshis (0.00002268 BTC)–all for balances of less than 0.2 BTC. Payments vary widely because trading activity varies widely, but the higher your balance, the higher your payments. If these payments seem tiny, keep in mind that once you register an account with mcxNOW and deposit as little as 0.01 BTC, those payments will come in four times a day without you having to do anything further. In this way your very first earnings can start working for you while you continue earning more.
Once you accumulate an entire Bitcoin, you can then open up a CoinLenders account and start earning over 22 percent annual return on it through fee rebates. If you use the same email address you used to register your Inputs wallet, it will be automatically tied to your new CoinLenders account. The daily payments, starting at 0.00056333 for one Bitcoin at the time of this writing, start to add up fast. At this point you can also keep adding your small earnings from faucets, CoinAd and CoinTasker to your CoinLenders account to beef up your daily payout.
If you do not want to wait so long to earn an entire Bitcoin a little at a time, buying one could be a good investment. There are a few exchanges in which to buy Bitcoins, but I prefer to use one of my wallet accounts to make the purchase. CoinBase is a wallet provider which allows you to link to your regular fiat bank account and use those funds to puchase Bitcoins. Once you purchase your Bitcoin, you can then send it over to your Inputs address and from there make the deposit into your CoinLenders account. You will begin earning CoinLenders’ posted fee rebates the very next day.
CoinBase is a really great wallet platform with some nice features and it was one of my first ever wallets. The reason I don’t recommend it as your first wallet is because lately my wallet has been having a lot of trouble successfully sending small amounts of Bitcoin anywhere. It works fine for large amounts, such as one Bitcoin or more, though, so it’s worth using for the ability to buy your first Bitcoin without having to mess with the complexities of fiat-Bitcoin currency exchange sites. When you are ready to cash out some Bitcoins, you can do so through your CoinBase wallet as well.
In the Bitcoin world a 22% rate of return is considered modest. In other words, you can earn much better returns by investing in different kinds of assets, things like Bitcoin denominated stocks. Of course, those other assets carry more risk. One asset that I own a lot of is TAT.ASICMINER. This one currently costs around 0.01 BTC and pays weekly dividends of 0.0001 to 0.0003 BTC per share. This works out to around a 25 to 45 percent annual rate of return. I mention this one because I consider the company (AsicMiner) to be solid, and you can read the entire story of how the company got started in this thread of the Bitcoin Forum. It’s also fairly easy to come up with enough funds to buy this asset through the various earnings sites I mentioned.
To buy Bitcoin denominated stocks, you will need to open up an account on Bitfunder and fund your account per site instructions. When purchasing any sort of securities, Bitcoin-denominated or otherwise, please know that you are taking on greater risks so you only want to invest what you can afford to lose. In fact, this advice is applicable to anywhere you might put your Bitcoin earnings to work simply because the Bitcoin economy is so new and as such functions a bit more like the Wild West than what we may be used to.
You can transfer your dividend earnings back to your wallet, or you can reinvest them in order to earn even more.
Trade your Bitcoins for Dollars At some point you are going to want to spend your earnings in the “real” world–you know, the one where you pay dollars (or whatever your national currency is) to buy things. I do want to mention that there are more and more retailers willing to accept payment in Bitcoin, so it’s worth looking into that. However, we’re a bit of a ways away from being able to use Bitcoin to pay the rent and utilities.
This is where your CoinBase wallet comes in real handy. I mentioned before that you can easily link your bank account to your CoinBase account. Once your bank account is verified, you are free to buy or sell Bitcoins. You can cash out your earnings, as few as 0.1 or 0.2 BTC, which works out to ten or twenty dollars.
Additional earning websites I highly recommend you start with the sites I have already mentioned in this article. However once you are familiar and comfortable earning on them, you might want to add one or two more to your list. Here are a few other earning sites to consider when you are ready.
Some final thoughts You’ve made it this far. If you’ve followed the steps, then you should have your first payments on the way. Keep up the good work! You will notice that many of the advertisements you will encounter are for gambling sites. For whatever reason gambling is big in the Bitcoin world. I personally believe we all have much better things to do with our earnings than gamble them away, but I’m certainly willing to collect earnings from the gambling sites’ advertising revenue. I wanted to mention this because if gambling is at all a temptation for you, be sure to do what you need to do to resist.
You’ve been given a major crash course in earning Bitcoin and you may have a lot of unanswered questions. I tried to keep it simple and basic so as to not overwhelm you. To learn more details, please read the articles on this website and subscribe to the email list. I regularly send out tips on ways to earn Bitcoin. Earnings sites are proliferating quite rapidly and I review them as time permits and send the info to my subscribers. Please be assured I will never send you spam or share your info with anyone else. Not only that, I occasionally send out random gifts to lucky subscribers. My email list info does include a field for a DVC address (DVC is another type of virtual currency) but you do not need to fill out that field at this time. It took me a while to figure out and get comfortable with Bitcoin before I was ready to take on another one!