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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 it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are websites that claim to double your coins every couple of days or provide you unreal interest rates.

What these websites actually do is take money from new customers and use that money to pay off old users. This method makes a great deal of buzz around the site that seems to be legit and solvent.

On top of this, 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 works. This will go on for around 3-4 months until one day the site will just go offline and the money is going to be gone. No more payments will be made and a lot of people may get mad that they got scammed.

We've reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site that we can state is  secure to invest in. Any website that guarantees you something that's 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 for yourself Easy, utilize our Bitcoin scam test tool to get a reasonable assumption about a sites legitimacy.

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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 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 basic understanding of the way Bitcoin works. You can see our fork claiming guide here.

Keep 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 safe. Other alternatives include companies which assert the coins for you and take a commission but that may easily turn into a scam that runs off with you money. .

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Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or other cryptocurrencies assuming it's a market.

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

By way of 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 significance of some time method you can use to create money from your Bitcoins however they can be SUPER insecure. I would recommend that you use these methods only after ample research and a fantastic understanding of the claiming process.

Weve covered a lot of ways you can earn Bitcoin or earn money with cryptocurrencies. In the end each approach has its pros and cons, some are more risky while others require a larger amount of effort.

In order to make it easier for you to review what weve only covered we made a Continue table that illustrates the different methods (you can see at the top of this 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 strategies to create new income streams. .

You might still have some questions. If this is the case, simply leave them in the comment section below. And if youve tried out one of these approaches above and want to discuss your own experience with it Id love to hear it as well.

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Each and every single day, Bitcoin the cryptocurrency and Bitcoin the technology gets more popular. When in 2011 you had to compose a person from the other continent to order a pizza for you with Bitcoins, now you can certainly do something similar to this in a number of major cities. In certain countries such as the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often called the Bitcoin town ) now with a range of services available for people who are willing to pay with BTC.