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Weve tested out several loans here at 99Bitcoins, and they 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 sites that claim to double your coins every few days or give you unreal interest prices.

What these sites actually do is take money from new users and use that money to pay off older users. This procedure creates a lot of buzz around the site that is apparently untrue and solvent.

On top of this, they almost always have some sort of referral app so that consumers 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 longer payments will be made and a great deal of people will get mad that they have scammed.

We have reviewed many Bitcoin investment sites in the previous 3 years and have yet to find a website that we can say is  secure to invest in. Any site that guarantees 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 website is a scam to get yourself Easy, use our Bitcoin scam evaluation tool to get 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 prior to the fork can now also 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 demands an above fundamental 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 might end up losing your Bitcoins. So for many non technical customers it'd better to pass on a fork and maintain your Bitcoins secure. useful site Other alternatives include companies that claim the coins for you and have a commission but that may easily turn into a scam which runs away with you money. .

Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it has a market.

Airdrops are similar to forks in the sense that you get coins out of thin air. Airdrops are usually used to spread the word the original source in a certain cryptocurrency. The currency is distributed freely to the public, although in certain cases some conditions can employ.

For example, 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 maximum significance of time method you can use to create money from your Bitcoins however 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 you can earn Bitcoin or earn money with cryptocurrencies. In the end each method has its pros and cons, some are far more risky while others require a greater amount of effort.

In order to make it much easier for you to review what weve only covered we made a table that illustrates the different approaches (you can see at the peak of the 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 lot of creative strategies to make new income streams. .

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

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