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Weve tested out several loans at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to steer clear of this specific method.

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

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

On top of this, 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 works. 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 longer payments will be produced and a great deal of people may get angry that they have scammed.

We've reviewed many Bitcoin investment sites in the past 3 decades and have yet to find a website which we can state is  secure to invest in. Any website that promises you something that's 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 for yourself Easy, utilize our Bitcoin scam test tool to acquire a reasonable assumption about a websites legitimacy.

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Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone originates in 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 process for claiming forked coins (aka forkcoins) is standard but demands an above basic understanding of how Bitcoin works. You can see our fork claiming guide .

Keep in mind that if youre not sure what youre doing when claiming a forkcoin you could end up losing your Bitcoins. So for most non technical users it would better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies which assert the coins for you and take a commission but that could easily turn into a scam which runs off with you money. .

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

Airdrops are similar to forks in the sense that you get coins from thin air. Airdrops are often utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the 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 highest value for some time method you can use to create money from your 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 you can earn Bitcoin or earn money with cryptocurrencies. In the end each approach has its own pros and cons, some are far more risky while others require a larger amount of effort.

In order to make it much read review easier for you to review exactly what weve just covered we made a table which illustrates the different methods (you can see at the top 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 great deal of creative ways to make new income streams. .

You might still have any questions. If so, simply leave them in the comment section below. And if youve tried out one of these methods previously and want to share your own experience with it Id love to hear it also.

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Every day, Bitcoin the cryptocurrency and Bitcoin the technology becoming 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 do something similar to that in a number of major cities. In some countries like the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often known as the Bitcoin town ) now with a range of services offered for people who are willing to pay with BTC.