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Weve tested out many loans here at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to stay away from this particular method.

Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites that claim to double your coins every couple of days or give you unreal interest rates.

These websites really do is take money from new users and use that money to pay off older users. This procedure makes a lot of buzz around the website which seems to be legit and solvent.

On top of that, they nearly always have some kind of referral app so that users can bring their friends on board.

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This is the way a Ponzi scheme functions. This will go on for around 3-4 months until one day that the website will just go offline and the money is going to be gone. No longer payments will be made and a great deal of people will get angry that they have scammed.

We have reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site that we can state is  safe to invest in. Any site that guarantees you something that is too good to be true is likely just a facade for individuals trying to steal your coins. .

How can you find out whether a website is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire a reasonable assumption about a websites validity.

Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone emerges in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now claim the new coin too.

The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The process for claiming forked coins (aka forkcoins) is standard but requires an above fundamental understanding of how Bitcoin works. You can see our fork claiming guide here.

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Bear in mind that if youre not sure what youre doing when claiming a forkcoin you might end up losing your Bitcoins. So for many non technical customers it would better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies which claim the coins for you personally and take a commission but this may easily turn into a scam that runs off with you money. .

Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it has a market.

Airdrops are similar to forks in the sense which you get coins from thin air. Airdrops are usually used to spread the word about a certain cryptocurrency. The currency click for info is distributed freely to the public, although in certain cases some conditions can apply.

For instance, Byteball was distributed freely to Bitcoin users depending on the amount of Bitcoins they owned.

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To conclude, forks and airdrops may be the highest significance of some time method you can use to create money from the Bitcoins however they can be SUPER risky. I would recommend that you utilize these approaches only after ample research and a good understanding of the claiming process.

Weve covered a great deal of ways you can earn Bitcoin or even earn money with cryptocurrencies. In the end each method has its pros and cons, some are more insecure while others require a greater amount of work.

In order to make it easier for you to review exactly what weve just covered we made a table that illustrates the different methods (you can see on top of the post). As you can see theres no simple, risk free way to make money with Bitcoin. The good news is that it's possible, and if you put some effort into it you can find a lot of creative strategies to make new income flows. .

You might still have some questions. If so, just leave them in the comment section below. And when youve tried out one of imp source the approaches above and want to share your experience with it love to hear it as well.

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All you need to begin earning would be a Bitcoin speech for receiving payments. We don't collect any of your personal informationnot even your email address. It doesn't get easier than this.

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