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

Another method I suggest you avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites which promise to double your coins every few 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 process 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 app so that users can bring their friends on board.

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This is the way a Ponzi scheme works. This will go on for around 3-4 months until one day that the site will just go offline and the money is going to be gone. No longer payments will be produced and a lot of people may get angry that they got scammed.

We have reviewed many Bitcoin investment sites in the past 3 years and have yet to find a website which we can say is  secure to invest in. Any website that promises you something that's too good to be true is probably only a facade for scammers trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, utilize our Bitcoin scam test tool to get 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 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 much more. The procedure 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 .

Bear in mind that if youre not sure what youre doing when claiming a Go Here forkcoin you could end up losing your Bitcoins. So for most non technical customers it'd better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies which assert the coins for you and take a commission but that may easily turn into a scam that runs off 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 much like forks in the sense that 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 cases some conditions can apply.

For 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 may be the highest significance of some 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 ample research and a fantastic understanding of the claiming process.

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

In order to make it easier for you to review what weve only covered we made a table which illustrates the different methods (you can see on 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'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, simply leave them in the comment section below. And when youve tried out one of these methods above and want to discuss your own experience with it Id love to hear it as well.

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Each and every single day, Bitcoin that the cryptocurrency and Bitcoin the technology becoming 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 similar to this in a number of important cities. In some countries like the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often known as the Bitcoin town ) now with a range of services available for those that are willing to pay with BTC.

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