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

Another method it is wise to 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 provide you unreal interest rates.

These sites 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 site that is apparently 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 works. This can go on for around 3-4 months until one day the site will only go offline and the money will be gone. No more payments will be produced and a lot of people will get angry that they have scammed.

We have reviewed several Bitcoin investment websites in the previous 3 years and have yet to find a site which we can say is  secure 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 whether a site is a scam to get yourself Easy, utilize our Bitcoin scam test tool to get a fair 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 from the existing Bitcoin. Every person who held Bitcoin prior to 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 more. The procedure for claiming forked coins (aka forkcoins) is standard however requires an above fundamental understanding of how Bitcoin works. You can see our fork claiming guide .

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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 customers it would better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that assert the coins for you and have a commission but this may easily turn into a scam that runs away 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 from thin air. Airdrops are usually utilized to spread the word in a certain cryptocurrency. The currency is distributed freely to the general public, although in certain cases some conditions can apply.

For 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 create money from the Bitcoins but they can be SUPER insecure. I'd advise you to utilize these methods only after considerable research and a good understanding of the claiming process.

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

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

You might still have any questions. If this is the case, simply leave them in the comment section below. And when youve tried out one of these approaches previously and want to navigate here discuss your experience with it love to hear it also.

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