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Weve tested out many loans here at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to stay away from this particular 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 few days or provide you unreal interest prices.

What these sites really do is take money from new users and use that money to pay off old users. This process creates a lot of buzz around the website which is apparently legit and solvent.

On top of that, they almost 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 only go offline and the money will 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 past 3 decades and have yet to find a website which we can say is  safe to invest in. Any website that promises you something that is too good to be true is likely just a facade for scammers trying to steal your coins. .

How can you find out if a website is a scam for yourself Easy, use our Bitcoin scam test tool to get 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 emerges 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 more. The process for claiming forked coins (aka forkcoins) is standard but requires an above fundamental understanding of how Bitcoin works. You can view 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 users it'd better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that claim the coins for you personally and take a commission but that may easily turn into a scam which runs off with you money. .

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

Airdrops are much like forks in the sense which you get coins from thin air. Airdrops are usually used 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 instance, 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 highest significance of time method you can use to create money from the Bitcoins but they can be SUPER insecure. I'd advise you to use these approaches only after considerable research and a good understanding of the claiming process.

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

In order to check these guys out make it easier for you to review what weve only covered we created a table which illustrates the different methods (you can view at the peak of the post). As you can see theres no simple, risk free way to generate 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 strategies to make new income flows. .

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 share your own experience with it love to hear it also.

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