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

While cryptocurrencies in general may hold some new possibilities for generating income 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 really tested ourselves at 99Bitcoins, which means you can rest assured were talking from experience. Lets get started

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

A number of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay . PTC websites will usually have you click on an ad 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 person may not earn you a great deal of money, owning your own faucet is an entire different story. Today, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your website.

At 99Bitcoins we have 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 around $1000/month running a faucet.

However, running a faucet takes 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. In other words, 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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With 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 full member, youll need at least 120 posts under your belt. There are also limitations on posts; for example length, original content, and more. .

From time to time, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you write and your membership level. This, clearly, does not include the number of posts 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 earn money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to get Bitcoin when its cost is reduced and sell it when the price 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 might lose money in the short 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 be a trader make certain that you've got sufficient time and funds to invest in good trading education.

One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are individuals who market a certain business you can find out more for free 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 market that service or product.

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Of course there are many ways you can market your affiliate link you can share it on Facebook, run advertising campaigns on different sites or even set up your own information website and promote your links within the content.