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

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are sites which promise to double your coins every couple of days or give you unreal interest rates.

What these websites actually do is take money from new users and use that money to pay off old users. This procedure makes a great deal of buzz around the website which seems to be legit and solvent.

On top of this, they nearly always have some sort of referral program 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 site will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they have scammed.

We've reviewed several 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 website that promises you something that's too good to be true is likely only 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 evaluation tool to get a reasonable assumption about a sites legitimacy.

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 before the fork can now also claim the new coin too.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The procedure for claiming forked coins (aka forkcoins) is standard but demands an above basic understanding of the way Bitcoin works. You can see our fork claiming guide .

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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 most non technical customers it would better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that claim the coins for you and have a commission but that could easily turn into a scam that runs off with you money. .

Once you maintained a forkcoin you can sell it on an exchange go right here for Bitcoin or alternative cryptocurrencies assuming it's a market.

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

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 could possibly be the maximum value for some time method you can use to make money from your Bitcoins however they can be SUPER risky. I would advise you to use these methods only after ample research and a fantastic 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 approach has its pros and cons, some are far more insecure while others take a larger amount of work.

In order to make it easier for you to review exactly what weve just covered we created a table which illustrates the different approaches (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 fantastic 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 streams. .

You may still have any questions. If so, just leave them in the comment section below. And if youve tried out one of the methods above and want to share your own experience with it Id love to hear it as well.

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