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For some strange reason, people tend to think that because 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 the bubblebut Bitcoin is just like any other currency out there.

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

Each one of the approaches Ill go over are things weve really 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 most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin to get the time you spend.

A number of the well-known micro earnings sites are Bitcoin taps websites that you repeatedly visit every couple of minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . PTC sites will usually have you click on an advertisement or on a button on the site 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 power for running your PC.

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

At 99Bitcoins we've 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 up to $1000/month running a faucet.

However, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own site, manage users, prevent fraud and also 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. In other words, you can use your BitcoinTalk signature to market a product and get paid for every post you write. The complete collection of campaigns can be seen on the discussion itself.

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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone using a status 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 posts; for example length, original content, and more. .

From time to time, theres also a minimum post requirement per 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 posts you need to compose 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 low and sell it when the price 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 trade and how to overcome the many risks involved with trading. Successful traders know they may get rid of money in the short term but they look at it as an investment in their education, since they're aiming for the long run. .

If you want to become a trader be certain that you Discover More have sufficient time and funds to invest in good trading education.

One of the most overlooked methods to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who market a certain business for free but get 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 product or service.

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