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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magic way you can earn Bitcoins or earn money from it readily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency out there.

While cryptocurrencies in general might hold a few new possibilities for generating income the basics are the exact 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 at 99Bitcoins, so that you can rest assured were talking from experience. Lets get started

One of the most affordable, easiest but also most time consuming ways to actually earn Bitcoin is via micro earnings. This means that youll basically be doing small 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 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 site 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 power for running your PC.

While participating as a faucet user might 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 easily and earn money from selling ads on your website.

At 99Bitcoins we have been running our own faucet for almost 3 decades now. Depending on the advertisers youre using and the amount of traffic you have you can make around $1000/month running a tap.

But, running a faucet requires a reasonable amount of time and energy. Youll need to set up your own like it 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 can use your BitcoinTalk signature to market a product and get paid for each post you write. The complete collection of campaigns can be seen on the discussion .

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone with a standing less than complete member wont get paid that much, if at all. To be a full member, youll need at least 120 articles under your belt. Additionally, there are limitations on articles; such as length, original content, and 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 compose and your membership level. This, of course, does not include the number of articles you need to write 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. Profitable traders spend a substantial amount of time learning how to exchange and the way to overcome 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 run. .

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 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 that you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even set up your own information website and promote your links within your content.