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Weve tested out several 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 that claim to double your coins every few days or give you unreal interest rates.

These websites actually do is take money from new users and use that money to pay off older users. This process makes a lot of buzz around the site that is apparently untrue and solvent.

On top of that, they almost always have some sort of referral program so that users can bring their friends on board.

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This is the way a Ponzi scheme functions. This can go on for around 3-4 months until one day the website will only go offline and the money is going to be gone. No longer payments will be made and a lot of people will get angry that they got scammed.

We've reviewed many 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 promises you something that is too good to be true is likely only a facade for individuals trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, use our Bitcoin scam evaluation tool to acquire 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 originates from the existing Bitcoin. Every person who held Bitcoin prior to 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 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 .

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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 would better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that assert the coins for you personally and have a commission but that could 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 that you get coins out of thin air. Airdrops are usually utilized to spread the word in a certain cryptocurrency. The currency is distributed freely to the public, although in certain situations some conditions can employ.

By way of 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 could possibly be the maximum significance of time method you can use to make money from your Bitcoins however they can be SUPER insecure. I would advise you to utilize these approaches only after ample research and a good understanding of the claiming process.

Weve covered a lot 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 far more risky while others require a larger amount of effort.

In order to make it easier for you to review exactly what weve just covered we created a table which illustrates the different approaches (you can view on peak of this post). As you can see theres no simple, risk free way to generate money with Bitcoin. The good news is that it's possible, and if you put some effort into it you can find a great deal of creative ways to make new income flows. .

You may still have any questions. If so, just leave them in the comment section below. And when youve tried out one of these approaches above and want to look at here now share your own experience with it Id love to hear it also.

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