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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magical way you can earn Bitcoins or 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 fundamentals are the same youll need to invest cash, or money in order to generate money.

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

One of the most affordable, easiest but most time consuming ways to really earn Bitcoin is via micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin for the period you spend.

A number of the more well-known micro earnings websites are Bitcoin taps websites that you repeatedly go to every few minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay . PTC websites will often have you click on an advertisement or on a button on the website in order to generate 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 computer.

While participating as a tap user might 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 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 visitors you have you can make up to $1000/month running a faucet.

But, running a faucet takes a reasonable amount of time and effort. Youll need to establish your own site, manage users, 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. In other words, 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, in the end. To be a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on posts; for example length, original content, and more. .

From time to time, theres also a minimum post requirement each 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 articles you need to compose in order to earn the required membership level on BitcoinTalk. .

One of the quickest, easiest but also riskiest ways you can earn 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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However, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to exchange and the way to overcome the many dangers involved in trading. Successful traders know they may get rid of money in the short term but they consider it as an investment in their own Learn More Here education, since they're aiming for the long run. .

If you want to be a dealer make sure you've got sufficient time and capital 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 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 service or product.

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Naturally there are many ways that you can market your affiliate link you can discuss it on Facebook, run advertising campaigns on different websites or even create your own information site and boost your links within your content.