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Weve tested out many loans at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from this specific method.

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

These sites actually do is take money from new customers and use that money to pay off old users. This process creates a great deal of buzz around the site that is apparently untrue and solvent.

On top of this, 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 can go on for around 3-4 months until one day that the site will just go offline and the money will be gone. No more payments will be made and a lot of people will get mad that they have scammed.

We've reviewed several Bitcoin investment websites in the past 3 years and have yet to find a website that we can say is  secure to invest in. Any site that promises you something that's too good to be true is likely just a facade for individuals trying to steal your coins. .

How can you find out whether a website is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to acquire a reasonable assumption about a sites legitimacy.

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 claim the new coin too.

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 but demands an above fundamental understanding of the way Bitcoin works. You can see our fork claiming guide here.

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Bear in mind that if youre not sure what youre doing when claiming a forkcoin you might 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 include companies that assert the coins for you personally and take a commission but that may easily turn into a scam which runs off with you money. .

Once you maintained 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 which you get coins out of thin air. Airdrops are often 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 example, 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 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 approaches only after considerable research and a good understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or even earn money with cryptocurrencies. In the end each method has its pros and cons, some are more insecure while others require find out this here a greater amount of work.

In order to make it much easier for you to review 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 easy, 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 great deal of creative strategies to create new income flows. .

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

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Earn bitcoin for every single task that you complete, and receive payment within hours. Thanks to Bitcoin, there is no more waiting for checks or bank transfers to clean.

All you need to start earning is a Bitcoin address for receiving payments. We don't collect any of your personal informationnot even your email address. It doesn't get easier than this.

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