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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or make money from it easily. Im sorry to burst this bubblebut Bitcoin is exactly like any other currency out there.

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

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

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

A number of the well-known micro earnings websites are Bitcoin taps websites which you repeatedly visit every few minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay to Click. PTC sites will usually have you click on an advertisement or on a button on the site 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 electricity for running your PC.

While participating as a faucet person 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 website.

At 99Bitcoins we've been running our own faucet for just about 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 requires a reasonable amount of time and effort. Youll need to establish your own website, 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. Simply put, you could use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole collection of campaigns can be seen on the forum 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 complete member, youll need at least 120 posts under your belt. There are also limitations on articles; for example length, original content, and much more. .

From time to time, theres also a minimum post requirement each week. From our experience you can make around $5 an hour depending no just how much you write and your membership level. This, of course, does not include the number of posts you need to write in order to earn the required membership amount 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 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 dangers involved with trading. Successful traders know they may lose money in the brief term but they look at it as an investment in their own education, since they're aiming for the long term. .

If you Continued want to become a dealer be sure you have sufficient time and funds to invest in great trading education.

One of the most overlooked methods to make money with Bitcoin is by promoting various affiliate programs. Affiliates are people who market a certain business free of charge but receive 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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Of course there are many ways that you can market your affiliate link you can share it on Facebook, run ad campaigns on different websites or even create your own information site and promote your links within your content.