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

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

These sites actually 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 seems to be untrue and solvent.

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

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This is how a Ponzi scheme functions. This will go on for around 3-4 months until one day the site will only go offline and the money is going to be gone. No longer payments will be made and a lot of people may get mad that they have scammed.

We have reviewed several Bitcoin investment websites in the past 3 decades and have yet to find a site which 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 if a website is a scam for yourself Easy, utilize our Bitcoin scam test tool to acquire 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 originates from the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin as well.

The first popular fork 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 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 could end up losing your Bitcoins. So for many non technical users it'd better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies that claim the coins for you personally and take a commission but that may easily turn their explanation into a scam that runs off 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 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 some cases 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 time method you can use to make money from the Bitcoins however they can be SUPER risky. I would recommend that you utilize 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 earn money with cryptocurrencies. In the end each method has its own pros and cons, some are far more risky while others take a larger amount of work.

In order to make it much easier for you to review what weve only covered we created a table which illustrates the different methods (you can see on peak of the post). As you can see theres no easy, risk free useful site 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 strategies to create new income flows. .

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

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