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

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

Each one of the approaches Ill go over are things weve really tested ourselves here at 99Bitcoins, which means 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 through micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin to get the period you spend.

A number of the 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 actually a subcategory of PTC websites, PTC meaning Pay . PTC sites will often have you click on an ad or on a button on the site in order to generate money from advertisement 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 computer.

While participating as a tap user 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 easily and earn money from selling ads on your site.

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 energy. Youll need to 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,  started running signature campaigns. Simply put, you could 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 forum .

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a status less than full member wont get paid that much, in the end. To be a full 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 around $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 level 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 buy Bitcoin when its cost is low and sell it when the cost increases.

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But, trading Bitcoin successfully is her explanation not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to trade and how to overcome the many you can look here 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 own education, since they are aiming for the long run. .

If you want to be a dealer be certain that you've got sufficient time and funds to invest in good trading education.

One of the most overlooked methods to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who market 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 promote that product or service.

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Naturally 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 site and boost your links within the content.