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Weve tested out several 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 higher 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 rates.
These websites really do is take money from new users and use that money to pay off old users. This method makes a lot of buzz around the site that is apparently legit and solvent.
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This is how a Ponzi scheme works. This can go on for around 3-4 months until one day the website will only go offline and the money will be gone. No more payments will be produced and a lot of people will get mad that they got scammed.
We have reviewed many Bitcoin investment websites in the past 3 decades and have yet to find a site that we can say is  safe to invest in. Any site that promises you something that's too good to be true is likely only a facade for scammers trying to steal your coins. .
How can you find out if a website is a scam for yourself Easy, utilize our Bitcoin scam evaluation 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 originates in 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 much more. The procedure for claiming forked coins (aka forkcoins) is standard but requires an above basic understanding of how Bitcoin works. You can see our fork claiming guide here.
Bear in mind that if youre not sure what youre doing when claiming a forkcoin you could end up losing your Bitcoins. So for most non technical customers it'd better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies Visit Your URL which claim the coins for you and have a commission but this could easily turn into a scam which runs off 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 much like forks in the sense which you get coins from thin air. Airdrops are usually used to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain 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 some time method you can use to create money from your Bitcoins but they can be SUPER risky. I would advise you to utilize these approaches only after considerable research and a fantastic understanding of the claiming process.
Weve covered a lot of ways you can earn Bitcoin or make money with cryptocurrencies. In the end each approach has its pros and cons, some are far more insecure while others require a larger amount of work.
In order to make it much easier for you to review exactly what weve only covered we created a table which illustrates the different methods (you can see on top of this post). As you can see theres no easy, risk free way to generate money with Bitcoin. The fantastic news is that it is 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 some questions. If this is the case, just leave them in the comment section below. And when youve tried out one of these methods previously and want to share your own experience with it Id love to hear it also.
What Does Legit Bitcoin Mining Sites Do?
Each and every day, Bitcoin the cryptocurrency and Bitcoin the technology becoming 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 like this in a number of major cities. In certain 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 offered for people who are willing to pay with BTC.