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Weve tested out many loans here 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 High Yield Investment Programs also known as HYIPs. These are sites that promise to double your coins every couple of days or give you unreal interest rates.

What 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 seems to be 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 how 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 great deal of people will get angry that they got scammed.

We've reviewed several Bitcoin investment sites in the previous 3 years and have yet to find a site which we can say is  secure to invest in. Any website that promises you something that's 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 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 before the fork can now claim the new coin as well.

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 requires an above fundamental understanding of how Bitcoin works. You can see 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 many non technical users it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which assert the coins for you and have a commission but this may easily turn into a scam that runs away 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 from thin air. Airdrops are usually utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in some cases some conditions can apply.

By way of 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 maximum significance of time method you can use to create money from the Bitcoins but they can be SUPER insecure. I'd advise you to utilize these methods only after ample research and a fantastic 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 approach has its pros and cons, some are far more risky while others take a larger amount of effort.

In order to make it easier for you to review exactly what weve just covered we made a table that illustrates the different read what he said approaches (you can view on top of the post). As you can see theres no easy, 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 lot of creative strategies to create new income streams. .

You might still have some questions. If this is the case, just leave them in the comment section below. And when youve tried out one of the approaches above and want to share your own experience with it Id love to hear it also.

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All you need to start earning would be a Bitcoin speech for receiving payments. We don't collect any of your personal informationnot even your email address. It doesn't get simpler than this.

We are constantly adding new, interesting content. You're free to select what you want to do. Earn bitcoin anytime and anywhere, whether from the computer or by your mobile device.