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Weve tested out many loans at 99Bitcoins, and they 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 promise to double your coins every few days or give you unreal interest prices.

What these sites really do is take money from new customers and use that money to pay off older users. This process creates a great deal of buzz around the site that is apparently untrue and solvent.

On top of that, they nearly 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 site will just go offline and the money is going to be gone. No more payments will be produced and a great deal of people may get angry that they got scammed.

We have reviewed many Bitcoin investment websites in the previous 3 years and have yet to find a website that we can say is  safe to invest in. Any site that guarantees you something that is too good to be true is probably only a facade for individuals trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, utilize our Bitcoin scam test tool to get 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 too.

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

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Keep in mind that if youre not sure what youre doing when claiming a forkcoin you could end up losing your Bitcoins. So for most non technical users it'd better see here now to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies 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 alternative cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense which you get coins from thin air. Airdrops are often utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain situations some conditions can apply.

For example, 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 some time method you can use to create money from your Bitcoins but they can be SUPER risky. I would advise you to utilize these approaches only after considerable research and a fantastic understanding of the claiming process.

Weve covered a great deal of ways you can earn Bitcoin or make money with cryptocurrencies. In the end each approach has its own pros and cons, some are far more risky while others take a larger amount of effort.

In order to make it much easier for you to review exactly what weve just you could try these out covered we created a table which illustrates the different methods (you can see at the peak of this post). As you can see theres no simple, risk free way to make money with Bitcoin. The good news is that it is 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 some questions. If so, simply leave them in the comment section below. And if youve tried out one of the approaches above and want to discuss your own experience with it Id love to hear it also.

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