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Weve tested out several loans at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from 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 which claim to double your coins every few days or provide you unreal interest rates.

What these websites really do is take money from new customers and use that money to pay off older users. This procedure creates a great deal of buzz around the website which seems to be legit and solvent.

On top of that, they nearly always have some kind of referral program so that users 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 lot of people will get angry that they have scammed.

We've reviewed several Bitcoin investment sites in the previous 3 years and have yet to find a site that we can say is  secure 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 site is a scam for yourself Easy, use our Bitcoin scam test tool to acquire 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 originates from the existing Bitcoin. Every person who held Bitcoin before 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 but demands an above basic understanding of the way 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 could end up losing your Bitcoins. So for many non technical users it'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies which assert the coins for you and have a commission but that could 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's a market.

Airdrops are much like 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 general public, although in some situations some conditions can apply.

By way of example, Byteball was distributed publicly 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 value for time method you can use to make money from your Bitcoins but they can be SUPER insecure. I would advise you to use 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 pros and cons, some are far more insecure while others take a larger amount of work.

In order to make it easier for you to review exactly what weve just covered we made a table which illustrates the different methods (you can view at the peak of the post). As you can see theres no easy, 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 ways to create new income streams. .

You might still have any questions. If this is the case, simply leave them in the comment section below. And when youve click for source tried hop over to these guys out one of the methods previously and want to discuss your own experience with it love to hear it also.

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