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Weve tested out several loans at 99Bitcoins, and they all 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 which promise to double your coins every few days or give you unreal interest prices.

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

On top of this, they almost 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 works. This can go on for around 3-4 months until one day that the website will just go offline and the money is going to be gone. No longer payments will be made and a great deal of people will get angry that they got scammed.

We have reviewed many Bitcoin investment sites in the past 3 years and have yet to find a site which we can say is  secure 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, use our Bitcoin scam evaluation tool to acquire a reasonable assumption about a websites validity.

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 also 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 however requires an above fundamental understanding of the way Bitcoin works. You can see our fork claiming guide here.

What Does Big Satoshi Faucet Do?

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 safe. Other alternatives check out this site include companies which assert the coins for you and take a commission but this may easily turn into a scam that 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 utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in some situations some conditions can apply.

For 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 maximum value for some time method you can use to make money from the Bitcoins however they can be SUPER risky. I'd recommend that you utilize these methods only after considerable research and a good understanding of the claiming process.

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

In order to make it much easier for you to review what weve just covered we created a table that illustrates the different approaches (you can see on peak of the post). As you can see theres no simple, risk free way to make money with Bitcoin. The good news is that it is possible, and if you put some effort into it you can find a great deal of creative strategies to create new income flows. .

You may still have any questions. If so, just leave them in the comment section below. And when youve tried out one of the approaches above and want to discuss your experience with it love to hear it as well.

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We're constantly adding new, interesting content. You are free to select what you want to do. Earn visit the website bitcoin anytime and anywhere, whether out of the personal computer or from your mobile device.