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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there is some magic way you can earn Bitcoins or 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.

Each one the approaches Ill go over are things weve really tested ourselves 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 little tasks and earning fractions of a coin for the time you spend.

Some of the more well-known micro earnings websites are Bitcoin faucets sites that you repeatedly visit every couple of minutes in order to maintain a very small amount of coins. Faucets are in fact a subcategory of all PTC sites, 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 advertisement sales.

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From our calculations, if 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 PC.

While participating as a faucet user may not earn you a great deal of money, owning your own faucet is a whole different story. Today, you can construct 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 decades now. Depending on the advertisers youre using and the amount of visitors you have you can make up to $1000/month running a tap.

However, running a faucet requires a reasonable amount of time and effort. Youll need to set up your own website, manage users, prevent fraud and also bring some initial capital to fund the faucet when starting out. Heres our More about the author 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 advertise a product and get paid for each post you write. The complete list of campaigns can be seen on the discussion .

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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a status less than complete member wont get paid that much, in the end. To be a full member, youll need at least 120 articles under your belt. There are also limitations on posts; for example length, original content, and much more. .

Sometimes, theres also a minimum post requirement each 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 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 price is low and sell it when the price rises.

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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 trade 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 look at it as an investment in their own education, since they're aiming for the long run. .

If you want to become a trader be certain that you have sufficient time and funds to invest in good trading education.

One of the most overlooked methods to make money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who promote a certain business free of charge but get a commission if they manage to bring in paying customers.

Many Bitcoin exchanges, products and services 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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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 the content.