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Weve tested out several loans here at 99Bitcoins, and they all 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 which claim to double your coins every few days or provide you unreal interest prices.

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

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On top of that, they nearly always have some type of referral app 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 site will only 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 have scammed.

We have reviewed several Bitcoin investment sites in the previous 3 years and have yet to find a website which we can state is  secure to invest in. Any website that guarantees 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 site is a scam for yourself Easy, utilize our Bitcoin scam test tool to get 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 in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin too.

The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The process for claiming forked coins (aka forkcoins) is standard however requires an above basic understanding of the way 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. Bonuses So for many non technical users it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that assert the coins for you and have a commission but this could easily turn into a scam that runs away with you money. .

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Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or other 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 some cases some conditions can apply.

By way of instance, Byteball was distributed publicly to Bitcoin users depending on the amount of Bitcoins they owned.

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To conclude, forks and airdrops could possibly be the highest value for some time method you can use to create money from the Bitcoins but they can be SUPER insecure. I'd advise you to utilize these approaches only after ample 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 own pros and cons, some are far more risky while others take a greater amount of work.

In order these details to make it easier for you to review what weve just covered we made a table that illustrates the different methods (you can view on top of the post). As you can see theres no simple, risk free way to make money with Bitcoin. The good 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 may still have any questions. If this is the case, simply leave them in the comment section below. And if youve tried out one of these approaches previously and want to discuss your own experience with it Id love to hear it also.

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

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