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

While cryptocurrencies in general might hold a few new possibilities for generating income the basics are the same youll need to invest time, or money in order to make money.

Each one of the methods Ill go over are things weve actually 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 really earn Bitcoin is through micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin for your period you spend.

A number of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly go to every couple of 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 usually have you click on an ad or on a button on the website 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 computer.

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 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 almost 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 faucet.

But, running a faucet takes a reasonable amount of time and energy. Youll need to establish 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. Simply put, you can use your BitcoinTalk signature to advertise a product and get paid have a peek at this site for every post you write. The complete list of campaigns can be seen on the discussion itself.

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a standing less than complete member wont get paid that much, if at all. To be a full member, youll need at least 120 posts under your belt. There are also limitations on articles; such as 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 how much you write and your membership level. This, of course, does not include the number of articles you need to compose in order to earn the mandatory membership level on BitcoinTalk. .

One of the quickest, easiest but also riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its price is reduced and sell it when the price 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 in trading. Successful traders know they might get rid of money in the brief term but they look at it as an investment in their education, since they're aiming for the long run. Full Report .

If you want to be a trader 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 through various affiliate programs. Affiliates are individuals who promote a certain business free of charge 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 market that service or product.

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Naturally there are many ways you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even create your own information site and promote your links within your content.