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Weve tested out many loans at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to steer clear of 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 promise to double your coins every few days or give you unreal interest prices.

These websites really 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 seems to be untrue and solvent.

On top of this, they nearly always have some kind 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 will go on for around 3-4 months until one day that the site will just 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 got scammed.

We have reviewed many Bitcoin investment sites 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's too good to be true is probably only a facade for scammers trying to steal your coins. .

How can you find out whether a site is a scam to get yourself Easy, utilize our Bitcoin scam evaluation 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 originates from the existing Bitcoin. Every person who held Bitcoin prior to 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 procedure for claiming forked coins (aka forkcoins) is standard however demands an above fundamental understanding of how Bitcoin works. You can see our fork claiming guide here.

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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 most non technical customers it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which claim the coins for you personally and take 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 alternative cryptocurrencies assuming it has a market.

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

For instance, Byteball was distributed publicly to Bitcoin article source users depending on the amount of Bitcoins they owned.

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To conclude, forks and airdrops could possibly be the maximum significance of time method you can use to create money from your Bitcoins however they can be SUPER insecure. I'd recommend that you use these approaches 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 make money with cryptocurrencies. In the end each approach has its pros and cons, some are far more risky while others take a greater 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 view on top 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 may still have any questions. If so, simply leave them in the comment section below. And if youve tried out one of these methods previously and want to discuss your experience with it love to hear it also.

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