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Weve tested out several loans here 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 sites that claim to double your coins every couple of days or provide you unreal interest prices.

These websites really do is take money from new users and use that money to pay off old users. This procedure makes a great deal of buzz around the site that seems to be legit and solvent.

On top of that, they nearly always have some kind 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 made and a lot of people may get mad that they have scammed.

We have reviewed many Bitcoin investment websites in the previous 3 decades and have yet to find a site which we can say is  secure to invest in. Any site that guarantees you something that's too good to be true is probably only a facade for scammers trying to steal your coins. .

How can you find out whether a website is a scam for yourself Easy, use our Bitcoin scam evaluation tool to acquire a fair assumption about a websites validity.

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 claim the new coin too.

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 requires an above basic understanding of the way Bitcoin works. You can view our fork claiming guide .

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Bear 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 keep your Bitcoins safe. Other alternatives include companies which assert the coins for you personally and have 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 alternative cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense which you get coins from 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 certain situations some conditions can employ.

By way of instance, Byteball was distributed freely 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 time method you can use to make money from your Bitcoins but they can be SUPER risky. I would advise you to utilize these approaches only after considerable research and a fantastic understanding of the claiming process.

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

In order to make it much easier for you to review exactly what weve just covered we made a table that illustrates the different methods (you can see at the peak of this post). As you can see theres no simple, risk free way to make money with Bitcoin. The fantastic 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 may still have any questions. If this is the case, just leave them in the comment section below. And if youve tried out one hop over to here of the methods above and want to discuss your own experience with it Id love to hear it as well.

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