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

Even though 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.

All of the approaches Ill go over are things weve actually tested ourselves 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 tactics to really earn Bitcoin is through micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin for the time you spend.

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

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From our calculations, should 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 PC.

While participating as a faucet person might not earn you a lot of money, owning your own faucet is an entire different story. Today, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your site.

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

However, running a faucet requires a reasonable amount of time and energy. Youll need to set up your own website, 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,  started running signature campaigns. Simply put, you can use your BitcoinTalk signature to advertise a product and get paid for every post you write. The whole list of campaigns can be seen on the forum .

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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone with a status less than complete member wont get paid that much, in the end. 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 much more. .

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

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

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But, trading look at this web-site Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to exchange and the way to conquer the many risks involved with trading. Successful traders know they might lose money in the short term but they consider it as an investment in their own education, since they're aiming for the long run. .

If you want to become a trader make sure you have the time and capital to invest in great trading education.

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

Many Bitcoin exchanges, goods 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.

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