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

Another method I suggest you 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 give you unreal interest prices.

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

On top of that, they almost always have some sort of referral program so that users can bring their friends on board.

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This is how a Ponzi scheme works. This will go on for around 3-4 months until one day that the site will only go offline and the money is going to be gone. No longer payments will be made and a great deal of people may get mad that they got scammed.

We've reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a website which we can state is  safe to invest in. Any website 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 site is a scam for yourself Easy, utilize our Bitcoin scam test tool to get a fair 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 from the existing Bitcoin. Every person who held Bitcoin before the fork can now claim the new coin as well.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The procedure for claiming forked coins (aka forkcoins) is standard but requires an above basic understanding of the way Bitcoin works. You can view our fork claiming guide .

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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 would better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that claim the coins for you and take a commission but this may easily turn into a scam that runs off with you money. .

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 which you get coins out of thin air. Airdrops are usually utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general 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 time method you can use to create money from your Bitcoins but they can be SUPER insecure. I'd recommend that you use these methods only after considerable research and a fantastic understanding of the claiming process.

Weve covered a lot of see ways you can earn Bitcoin or earn money with cryptocurrencies. In the end each method has its own pros and cons, some are far 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 created a table which illustrates the different methods (you can view on peak of the post). As you can see theres no easy, 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 great deal of creative ways to make new income flows. .

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

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Earn bitcoin for every 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 would be 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 always adding new, interesting content. You're this article free to select what you want to do. Earn bitcoin anytime and anywhere, whether from the computer or by your mobile device.

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