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

Another method I suggest you avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are websites that claim to double your coins every couple of days or give 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 makes a lot of buzz around the site that seems to be untrue and solvent.

On top of this, 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 the website will only go offline and the money is going to be gone. No more payments will be made and a great deal of people will get mad that they have scammed.

We've reviewed several Bitcoin investment sites in the past 3 decades and have yet to find a site that we can state is  secure to invest in. Any site that promises you something that's too good to be true is probably only a facade for individuals trying to steal your coins. .

How can you find out whether a site is a scam for yourself Easy, utilize our Bitcoin scam test tool to acquire a reasonable assumption about a sites validity.

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 much more. The process for claiming forked coins (aka forkcoins) is standard however demands an above basic understanding of the way Bitcoin works. You can view our fork claiming guide .

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Keep 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 users it'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies which assert the coins for you personally and have a commission but that could easily turn into a scam which runs off with you money. .

Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense that you get coins out of thin air. Airdrops are often used to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain cases some conditions can employ.

For instance, Byteball was distributed publicly to Bitcoin users depending on the amount of Bitcoins have a peek at this site they owned.

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To conclude, forks and airdrops may be the maximum significance of some time method you can use to make money from the Bitcoins however they can be SUPER risky. I'd recommend that you use these methods only after considerable research and a fantastic understanding of the claiming process.

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

In order to make it easier for you to review what weve only covered we created a table which illustrates the different methods (you can see at the top of this post). As you can see theres no simple, 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 great deal of creative ways to make new income streams. .

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

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