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

Even though cryptocurrencies in general may hold some new possibilities for generating income that the basics are the same youll need to invest cash, or money in order to generate money.

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

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

Some of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, 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 generate money from ad 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 computer.

While participating as a tap user may not earn you a great deal of money, owning your own faucet is a whole different story. Now, you can construct 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 up to $1000/month running a faucet.

However, running a faucet requires a reasonable amount of time and effort. Youll need to set up your own site, manage customers, prevent fraud and also 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 advertise a product and get paid for every post you write. The complete collection of campaigns can be seen on the discussion itself.

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone with a status less than full member wont get paid that much, if at all. To become a full member, youll need at least 120 articles under your belt. Additionally, there are limitations on posts; such as length, original content, and much more. .

Sometimes, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no just how much you compose and your membership level. This, clearly, does not include the number of posts you need to compose in order to earn the mandatory membership level on BitcoinTalk. .

One of the fastest, easiest but riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to get 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 trade and how to overcome the many risks involved with trading. Successful traders know they may lose money in the brief term but they consider it as an investment in their education, since they are aiming for the long term. .

If you want to become a dealer be certain that you've got the time and address capital to invest in great trading education.

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

Many Bitcoin like it 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 product or service.

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Naturally there are many ways you can promote your affiliate link you can discuss it on Facebook, run advertising campaigns on different websites or even set up your own information website and promote your links within the content.