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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magical way you can earn Bitcoins or make money from it readily. Im sorry to burst this bubblebut Bitcoin is just like any other currency out there.

While cryptocurrencies in general might hold some new possibilities for generating income that the basics are the same youll need to invest time, or money in order to make money.

Each one of the approaches Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started

One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is via micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin for the period you spend.

A number of the more well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of PTC sites, PTC meaning Pay . PTC websites will often have you click on an ad or on a button on the site in order to make money from ad sales.

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From our calculations, if you work non stop at clicking buttons youll average anywhere between 5-40 cents an hour. Not sure thats worth your time or even the electricity for running your computer.

While participating as a tap user might not earn you a lot of money, owning your own faucet is a whole different story. Today, you can construct a cryptocurrency faucet relatively readily and earn money from selling ads on your website.

At 99Bitcoins we've been running our own faucet for just about 3 decades now. Depending on the advertisers youre using and the amount of traffic that you have you can make up to $1000/month running a faucet.

But, running a faucet takes a reasonable amount of time and effort. Youll need to establish your own site, manage users, prevent fraud and bring some initial capital to fund the faucet when starting out. Heres our beginners guide to running a faucet.

Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum,  began running signature campaigns. Simply put, you can use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole list of campaigns can be seen on the forum .

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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone Recommended Site with a standing less than complete member wont get paid that much, in the end. To become a complete member, youll need at least 120 posts under your belt. There are also limitations on articles; for example length, original content, and more. .

Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no just how much you compose and your membership level. This, of course, does not include the number of articles you need to write in order to earn the required membership amount on BitcoinTalk. .

One of the fastest, easiest but also riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its price is reduced and sell it when the cost rises.

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However, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to exchange and the way to conquer the many dangers involved in trading. Successful traders know they might lose money in the short term but they consider it as an investment in their education, since they're aiming for the long term. .

If you want to be a trader be sure you've got the time and funds to invest in great trading education.

One of the most overlooked methods to make money with Bitcoin is by promoting through various affiliate programs. Affiliates are individuals who market a certain business free of charge but receive a commission if they manage to bring in paying customers.

Many Bitcoin exchanges, products and providers have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to promote that service or product.

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Naturally there are many ways you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information website and promote his response your links within the content.