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Weve tested out many loans here at 99Bitcoins, and they all eventually defaulted. Thats why I recommend to steer clear of this specific method.

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

What these websites actually do is take money from new customers and use that money to pay off older users. This method makes a great deal of buzz around the site that is apparently legit and solvent.

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On top of that, they nearly always have some sort of referral app so that users 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 the website will just go offline and the money is going to be gone. No longer payments will be produced and a lot of people will get mad that they have scammed.

We've reviewed many Bitcoin investment sites 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's too good to be true is probably just a facade for scammers trying to steal your coins. .

How can you find out if a site is a scam for yourself Easy, utilize our Bitcoin scam evaluation tool to acquire a reasonable assumption about a websites legitimacy.

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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 also claim the new coin as well.

The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The process for claiming forked coins (aka forkcoins) is standard however demands an above fundamental understanding of how Bitcoin works. You can see 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 many non technical customers it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that claim the coins for you and have 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 much like forks in the sense that you get coins out of thin air. Airdrops are usually used to spread the word about a certain cryptocurrency. The currency is distributed freely to the public, although in some cases some conditions can apply.

By way of 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 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 use 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 earn money with cryptocurrencies. In the end each method has its own pros and cons, some are far more risky while others take a greater amount of work.

In order to make it much easier for you to review exactly what weve only covered we made a table that illustrates the different methods (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 ways to create new income flows. .

You might still have any questions. If so, just leave them in the comment section below. And if youve tried out one of these methods previously and want to discuss your own experience with it these details love to hear it also.

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Every day, Bitcoin the cryptocurrency and Bitcoin the technology becoming more popular. When in 2011 you needed to compose a person from another continent to order a pizza for you with Bitcoins, now you can do something like that in a number of important cities. In certain countries such as the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often called the Bitcoin town ) now with a range of services offered for people that are willing to pay with BTC.

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