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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 I suggest you 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 rates.

What these sites actually do is take money from new customers and use that money to pay off older users. This process creates a great deal of buzz around the website which is apparently legit and solvent.

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On top of that, they nearly 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 works. This can go on for around 3-4 months until one day the site will only go offline and the money is going to be gone. No more payments will be produced and a great deal of people will get mad that they have scammed.

We've reviewed several Bitcoin investment websites 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 just a facade for scammers trying to steal your coins. .

How can you find out if a website is a scam to get yourself Easy, utilize our Bitcoin scam test tool to acquire a fair assumption about a sites validity.

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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 as well.

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 fundamental understanding of the way Bitcoin works. You can view 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 customers it'd better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that claim the coins for you and take a commission but that could easily turn into a scam that runs away with you money. .

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Once you claimed a forkcoin you can sell it on 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 usually used to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in some cases some conditions can employ.

For example, Byteball was distributed freely 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 article source can use to make money from the Bitcoins but they can be SUPER insecure. I would advise you to utilize these methods only after considerable 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 own pros and cons, some are more risky while others take a larger amount of effort.

In order to make it easier for you to review what weve only covered we created a table which illustrates the different methods (you can view at the peak of this post). As you can see theres no easy, risk free way to make 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 any questions. If so, simply leave them in the comment section below. And if youve tried out one of these methods above and want to share your own experience with it Id love to hear it also.

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Each and every day, Bitcoin the cryptocurrency and Bitcoin the technology gets more popular. When in 2011 you had to write a person from another continent to order a pizza for you with Bitcoins, now you can certainly official website do something like this in a number of important cities. In certain countries like the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often called the Bitcoin city) now with a range of services available for those who are willing to pay with BTC.

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