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Weve tested out several loans at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to steer clear of this specific method.

Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites which claim to double your coins every few days or provide you unreal interest prices.

What these websites really do is take money from new users and use that money to pay off old users. This procedure creates a lot of buzz around the site that seems to be legit and solvent.

On top of that, they almost always have some sort 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 can go on for around 3-4 months until one day that the website will only go offline and the money is going to be gone. No longer payments will be made and a great deal of people may get mad that they have scammed.

We've reviewed many Bitcoin investment websites in the previous 3 decades and have yet to find a site which we can state is  secure to invest in. Any site that guarantees you something that is too good to be true is likely just a facade for scammers trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, use our Bitcoin scam evaluation tool to acquire a reasonable assumption about a websites legitimacy.

Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone emerges from the existing Bitcoin. Every person who held Bitcoin before the fork can now also claim the new coin as well.

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 however demands 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 could end up losing your Bitcoins. So for many non technical customers it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies my review here that assert the coins for you and have a commission but that could easily turn into a scam which 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 much like forks in the sense that you get coins out of thin air. Airdrops are often utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although why not find out more in some cases some conditions can employ.

By way of instance, Byteball was distributed publicly to Bitcoin users depending on the amount of Bitcoins they owned.

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To conclude, forks and airdrops may be the maximum significance of time method you can use to make money from your Bitcoins however they can be SUPER risky. I would advise you to utilize these approaches only after considerable 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 own pros and cons, some are more risky while others require a larger amount of work.

In order to make it much easier for you to review exactly what weve just covered we created a table which illustrates the different approaches (you can view at the top of the post). As you can see theres no easy, risk free way to generate 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 create new income flows. .

You may still have any questions. If this is the case, just leave them in the comment section below. And when youve tried out one of the approaches previously and want to share your experience with it Id love to hear it as well.

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