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

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites which promise to double your coins every couple of days or provide you unreal interest prices.

These sites really do is take money from new users and use that money to pay off older users. This process creates a great deal of buzz around the website which is apparently legit and solvent.

 

 

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On top of this, they almost always have some type of referral program so that consumers 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 the site will only go offline and the money is going to be gone. No more payments will be made and a lot of people may get angry that they have scammed.

We've reviewed many Bitcoin investment websites in the previous 3 years and have yet to find a website that we can state is  safe to invest in. Any website that promises you something that is too good to be true is probably only a facade for individuals trying to steal your coins. .

How can you find out whether a website is a scam for yourself Easy, use our Bitcoin scam test tool to acquire a reasonable assumption about a sites 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 more. The process for claiming forked coins (aka forkcoins) is standard but requires an above fundamental understanding of how 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 might end up losing your Bitcoins. So for many non technical customers it would better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies that assert the coins for you personally and have a commission but that may easily turn into a scam that runs away with you money. .

 

 

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Once my explanation you maintained a forkcoin you can sell it on an exchange for Bitcoin or other 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 public, although in certain cases 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 may be the maximum significance of time method you can use to create money from the Bitcoins but they can be SUPER risky. I'd recommend that you use these approaches only after considerable research and a good understanding of the claiming process.

Weve covered a lot of ways in which you can earn Bitcoin or even make money with cryptocurrencies. In the end each approach has its own pros and cons, some are more risky while others require a larger amount of effort.

In order to make it easier for you to review exactly what weve just covered we made a table that illustrates the different approaches (you can see at the top of this post). As you can see theres no simple, risk free way to generate money with Bitcoin. The good news is that it is 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 some questions. If so, just leave them in the comment section below. And when youve tried out one of the methods her response above and want to share your her explanation own experience with it Id love to hear it also.

 

 

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

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