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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 particular method.

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites that promise to double your coins every couple of days or provide you unreal interest rates.

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

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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 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've reviewed many Bitcoin investment websites in the past 3 years and have yet to find a website which we can say is  safe to invest in. Any website 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 site is a scam to get yourself Easy, use our Bitcoin scam test tool to get a fair assumption about a sites legitimacy.

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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 before 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 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.

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 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 off with you money. .

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Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or try this site alternative cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense that 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 public, although in some cases 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 maximum value for time method you can use to make money from the Bitcoins but they can be SUPER risky. I would advise you to use these approaches only after considerable research and a fantastic understanding of the claiming process.

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

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

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

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Each and every day, Bitcoin that the cryptocurrency and Bitcoin the technology becoming more popular. When in 2011 you additional reading needed to compose a person from another continent to purchase a pizza for you with Bitcoins, now you can certainly do something similar to that Get More Information in a number of major cities. In some countries such as the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often called the Bitcoin city) now with a range of services available for people that are willing to pay with BTC.

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