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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 even make money from it readily. Im sorry to burst the bubble, but 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 cash, or money in order to make money.

All 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 ways to really earn Bitcoin is through micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin to get the time you spend.

Some of the more well-known micro earnings sites are Bitcoin taps websites that you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are actually a subcategory of all PTC websites, PTC meaning Pay . PTC sites will usually have you click on an advertisement or on a button on the website in order to make money from advertisement sales.

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From our calculations, if 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 power for running your PC.

While participating as a faucet user may not earn you a lot of money, owning your own faucet is an entire different story. Now, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your website.

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 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 effort. Youll need to establish your own website, manage customers, 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,  began running signature campaigns. Simply put, you could use your BitcoinTalk signature to advertise a product and get paid for each post you write. The complete list of campaigns can be seen on the discussion itself.

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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 full member wont get paid that much, if at all. To be a full member, youll need at least 120 articles under your belt. There are also limitations on posts; for example length, original content, and much more. .

Sometimes, 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 write and your membership level. This, clearly, does not include the number of articles you need to compose in order to earn the required membership level on BitcoinTalk. .

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

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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 the way to conquer the many risks involved with 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 are aiming for the long term. .

If you want to become a trader be certain that you have the time and funds 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 market a certain business free of charge but receive a commission if his explanation 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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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 your content.