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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 even earn money from it easily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency out there.

Even though cryptocurrencies in general might hold some new possibilities for generating income that the fundamentals are the same youll need to invest cash, 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 from experience. Lets get started

One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing small jobs and earning fractions of a coin to get your time you spend.

A number of the more well-known micro earnings websites are Bitcoin taps websites which you repeatedly visit every few minutes in order to maintain a very small amount of coins. Faucets are actually a subcategory of PTC websites, PTC meaning Pay . PTC websites will often have you click on an advertisement or on a button on the site in order to make money from ad 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 power for running your PC.

While participating as a tap 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 site.

At 99Bitcoins we have 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 requires a reasonable amount of time and energy. Youll need to set up 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,  began running signature campaigns. Simply put, you could use your BitcoinTalk signature to market a product and get paid for each post you write. The whole list 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. Usually, anyone with a status less than full member wont get paid that much, in the end. To become a full member, youll need at least 120 posts under your belt. Additionally, there are 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 around $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 write in order to earn the mandatory membership level on BitcoinTalk. .

One of the fastest, easiest but 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 read this article reduced and sell it when the price rises.

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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 trade and how to overcome the many risks involved in trading. Successful traders know they may get rid of money in the brief term but they consider it as an investment in their own education, since they're aiming for the long run. .

If you want to become a trader make sure you have the 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 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 market your affiliate link you can share it on Facebook, run ad campaigns on different sites or even set up your own information website and promote your links within your content.