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

Another method it is wise to 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 really do is take money from new users and use that money to pay off old users. This process makes a lot of buzz around the website which is apparently 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 the way a Ponzi scheme functions. This will 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 more payments will be produced and a lot of people will get mad that they have scammed.

We have reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a website which we can state is  safe to invest in. Any site that promises you something that is too good to be true is likely just a facade for individuals trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to acquire 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 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 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 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 and have a commission but this may easily turn into a scam that 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 used to spread the word in a certain cryptocurrency. The currency is distributed freely to the public, although in certain cases some conditions can employ.

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

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To conclude, forks and airdrops may be the highest 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 utilize these methods only after considerable research and a fantastic understanding of the claiming process.

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

In order to make it much easier for you to review exactly what weve only covered we made a table which illustrates the different approaches (you can see on top of this post). As you can see theres no easy, 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 make new income streams. .

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

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