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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 even earn money from it easily. Im sorry to burst this bubblebut Bitcoin is just like any other currency out there.

Even though cryptocurrencies in general might hold a few new possibilities for generating income that the basics are the exact same youll need to invest cash, or money in order to make money.

All of the approaches Ill go over are things weve really tested ourselves here at 99Bitcoins, so you can rest assured were talking from experience. Lets get started

One of the cheapest, easiest but also most time consuming tactics to really earn Bitcoin is through micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin to get your time you spend.

Some of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay to Click. PTC websites will usually have you click on an ad or on a button on the website in order to make money from advertisement sales.

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From our calculations, should you operate 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 person 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 readily and earn money from selling ads on your site.

At 99Bitcoins we've been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of visitors you have you can make up to $1000/month running a tap.

However, running a faucet takes a reasonable amount of time and effort. Youll need to set up your own website, manage customers, prevent fraud and also bring some initial imp source 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 market a product and get paid for every post you write. The complete list of campaigns can be seen on the discussion .

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone with a standing less than complete member wont get paid that much, if at all. To become a complete member, youll need at least 120 articles under your belt. Additionally, there are limitations on posts; such as length, original content, and more. .

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

One of the fastest, easiest but also riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its cost is reduced and sell it when the price 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 how to conquer the many risks involved with trading. Successful traders know they might get rid of money in the brief More about the author term but they consider it as an investment in their own education, since they're aiming for the long term. .

If you want to become a trader make certain that you have the time and funds to invest in great trading education.

One of the most overlooked ways to make money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who promote a certain business for free but get a commission if they manage to bring in paying customers.

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

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Of course there are many ways that you can promote your affiliate link you can discuss it on Facebook, run advertising campaigns on different sites or even create your own information site and boost your links within the content.