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

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites which claim to double your coins every few days or give you unreal interest prices.

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

On top of that, they nearly always have some sort of referral program so that consumers can bring their friends on board.

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This is how a Ponzi scheme works. This can 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 may get mad that they have scammed.

We've reviewed several Bitcoin investment sites in the previous 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 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 in the existing Bitcoin. Every person who held Bitcoin before the fork can now claim the new coin too.

The first popular branch 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 requires an above basic understanding of the way Bitcoin works. You can view our fork claiming guide .

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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 most non technical users it'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that claim the coins for you personally and take a commission but that could easily turn into a scam which runs away with you money. .

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

Airdrops are similar to 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 cases 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 highest significance of some time method you can use to make money from your Bitcoins but they can be SUPER insecure. I'd recommend that you use these methods 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 method has its look these up own pros and cons, some are far more risky 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 approaches (you can view 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 great deal of creative ways to create new income flows. .

You might still have some questions. If so, simply leave them in the comment section below. And if youve tried out one of these approaches above and want to discuss your experience with it Id love to hear it also.

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

We are always adding new, interesting content. You're free to choose what you want to do. Earn bitcoin anytime and anywhere, whether out of your personal computer or from your mobile device.