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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there is some magical way you can earn Bitcoins or even make money from it easily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency on the market.

While cryptocurrencies in general may hold a few new possibilities for generating income the basics are the same youll need to invest time, or money in order to generate money.

Each one of the approaches Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started

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

Some of the well-known micro earnings sites are Bitcoin faucets sites that you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay to Click. PTC websites will often have you click on an advertisement or on a button on the website in order to make money from ad 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 power for running your PC.

While participating as a faucet 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 almost 3 years now. Depending on the advertisers youre using and the amount of visitors that you have you can make around $1000/month running a tap.

However, running a faucet requires 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,  began running signature campaigns. Simply put, you could use your BitcoinTalk signature to market a product and get paid for every post you write. The complete collection of campaigns can be seen on the forum itself.

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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone with a standing less than complete member wont get paid that much, if at all. To become a full member, youll need at least 120 posts under your belt. Additionally, there are 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 compose and your membership level. This, clearly, 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 riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Fundamentally 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 trade and how to overcome the many dangers involved in trading. Successful traders know they might 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 want to become a dealer be sure you have sufficient time and funds to invest in good trading education.

One of the most overlooked ways go to the website to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who market a certain business for free but receive 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 market your affiliate link you can share it on Facebook, run ad campaigns on different sites or even set up your own information site and boost your links within your content.