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

Another method it is wise to 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 websites actually do is take money from new customers and use that money to pay off older users. This method creates a great deal of buzz around the site that is apparently untrue and solvent.

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On top of that, they nearly always have some type of referral app so that users 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 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 may get angry that they got scammed.

We've reviewed many Bitcoin investment sites in the previous 3 years and have yet to find a site that we can state is  secure 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 whether a site is a scam to get yourself Easy, use our Bitcoin scam test 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 emerges in the existing Bitcoin. Every person who held Bitcoin before the fork can now also claim the new coin too.

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 requires an above basic understanding of how Bitcoin works. You can view our fork claiming guide .

Bear 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 safe. Other alternatives include companies which assert the visit the site coins for you personally 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 alternative cryptocurrencies assuming it's a market.

Airdrops are similar to forks in the sense which you get coins out of thin air. Airdrops are usually used to spread the word in a certain cryptocurrency. The currency is distributed freely to the general public, although in certain situations some conditions can apply.

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 maximum significance of some time method you can use to create money from your Bitcoins however they can be SUPER insecure. I'd recommend that you utilize these approaches 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 approach has its own pros and cons, some are far more insecure while others take a larger amount of work.

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

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

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Every day, Bitcoin that the cryptocurrency and Bitcoin the technology gets more popular. When in 2011 you needed to write a person from the other continent to purchase a pizza for you with Bitcoins, now you can certainly do something like that in a number of important cities. In some countries such as the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often known as the Bitcoin city) now with a range of services offered for those that are willing to pay with BTC.

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