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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 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 give you unreal interest prices.

These websites really do is take money from new users and use that money to pay off old users. This method creates a great deal of buzz around the site that is apparently legit and solvent.

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On top of this, they almost always have some type of referral program 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 will be gone. No longer payments will be produced and a great deal of people may get mad that they got scammed.

We have reviewed many Bitcoin investment websites in the past 3 years and have yet to find a site that we can state is  secure to invest in. Any site that promises you something that is too good to be true is likely only a facade for scammers trying to steal your coins. .

How can you find out if a website is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire a reasonable 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 emerges from the existing Bitcoin. Every person who held Bitcoin before the fork can now also 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 but requires an above basic understanding of the way Bitcoin works. You can see 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 most non technical users it would better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that claim the coins for you personally and have a commission but this could easily turn into a scam which runs off with you money. .

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Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or alternative cryptocurrencies assuming it has a market.

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

For 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 highest significance of time method you can use to create money from your Bitcoins however they can be SUPER risky. I would advise you to utilize these methods only after ample research and a good understanding of the claiming process.

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

In order to make it much easier for you to review exactly what weve only covered we created a table that illustrates the different methods (you can see at the peak 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 ways to make new income streams. .

You might still have some questions. If so, simply leave them in the comment section below. And if youve tried out one of these approaches above and want to discuss your experience with it love to hear it also.

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Every day, Bitcoin that the cryptocurrency and Bitcoin the technology becoming more popular. When in 2011 you had to compose a person from the other continent to order a pizza for you with Bitcoins, now you can certainly do something like this in a number of major cities. In certain countries such as the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often known try these out as the Bitcoin town ) now with a range of services available for people who are willing to pay with BTC.

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