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Weve tested out several loans here at 99Bitcoins, and they 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 sites which claim to double your coins every couple of days or provide you unreal interest rates.

These sites actually do is take money from new users and use that money to pay off old users. This procedure creates a great deal 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 consumers can bring their friends on board.

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This is how a Ponzi scheme functions. This will go on for around 3-4 months until one day that the site will only go offline and the money will be gone. No more payments will be produced and a great deal of people will get mad that they got scammed.

We've reviewed many Bitcoin investment websites in the past 3 years and have yet to find a site that we can state is  safe to invest in. Any site that guarantees 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 website is a scam for yourself Easy, utilize our Bitcoin scam evaluation tool to acquire a reasonable assumption about a websites legitimacy.

Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone emerges in the existing Bitcoin. Every person who held Bitcoin before 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 much more. The procedure for claiming forked coins (aka forkcoins) is standard however requires an above fundamental understanding of how Bitcoin works. You can view 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 could end up losing your Bitcoins. So for most non technical users it'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies which assert the coins directory for you personally and take a commission but that could easily turn into a scam which runs away with you money. .

Once you claimed 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 usually used to spread the word in 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 could possibly be the highest value for time method you can use to create money from your Bitcoins however they can be SUPER insecure. I'd recommend that you use these methods only after ample research and a fantastic understanding of the claiming process.

Weve covered a lot of ways in which advice you can earn Bitcoin or earn money with cryptocurrencies. In the end each method has its pros and cons, some are more risky while others take a greater amount of effort.

In order to make it easier for you to review exactly what weve only covered we created a table which illustrates the different approaches (you can view on top of this post). As you can see theres no simple, risk free way to generate 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 strategies to make new income streams. .

You might still have any questions. If this is the case, simply leave them in the comment section below. And if youve tried out one of the approaches above and want to discuss your own experience with it love to hear it as well.

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