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

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

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

One of the cheapest, easiest but most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing small jobs and earning fractions of a coin for your time you spend.

Some of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of PTC sites, PTC meaning Pay . PTC websites will often 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 PC.

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

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

But, running a faucet requires a reasonable amount of time and energy. Youll need to Recommended Reading set up your own site, manage customers, 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. In other words, you could use your BitcoinTalk signature to market a product and get paid for each post you write. The complete collection of campaigns can be seen on the forum .

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With a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone using a standing less than complete member wont get paid that much, in the end. To become a full member, youll need at least 120 articles under your belt. Additionally, there are limitations on articles; for example length, original content, and much more. .

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

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

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But, 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 overcome the many risks involved in trading. Successful traders know they might get rid of money in the brief term but they consider it as an investment in their education, since they're aiming for the long run. .

If you want to become a trader make certain that you have sufficient 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 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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Of course there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even create your own information site and promote your links within your content.