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

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

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

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

A number of the more well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of 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, should 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 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've been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic you have you can make up to $1000/month running a faucet.

But, running go a faucet takes a reasonable amount of time and energy. Youll need to establish 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,  started running signature campaigns. Simply put, you can use your BitcoinTalk signature to market a product and get paid for every post you write. The whole 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 level on BitcoinTalk. Typically, anyone with 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 posts; such as length, original content, and more. .

Sometimes, 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, of course, does not include the number of articles you need to write in order to earn the mandatory membership amount on BitcoinTalk. .

One of the quickest, easiest but also riskiest ways you can make money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy Bitcoin when its price is low and sell it when the cost 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 exchange and the way to overcome the many dangers involved in trading. Successful traders know they might get rid of money in the short term but they look at it as an investment in their education, since they're aiming for the long term. .

If you want to be a trader make sure you have the time and 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 individuals who market a certain business for free but get 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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Naturally there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information site and boost your links within your content.

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