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Weve tested out many loans here at 99Bitcoins, and they eventually defaulted. Thats why I recommend to steer clear of this specific method.
Another method it is wise to avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites that claim to double your coins every few days or provide you unreal interest rates.
These websites really do is take money from new customers and use that money to pay off old users. This procedure makes a great deal of buzz around the website which seems to be untrue and solvent.
On top of that, they nearly always have some kind 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 can go on for around 3-4 months until one day that the website will only go offline and the money is going to be gone. No longer payments will be produced and a great deal of people may get angry that they got scammed.
We have reviewed several Bitcoin investment websites in the previous 3 decades and have yet to find a website which we can state is  safe to invest in. Any site that guarantees you something that is too good to be true is probably just 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 test tool to get a reasonable assumption about a websites validity.
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 before the fork can now also 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 however demands an above basic understanding of the way Bitcoin works. You can see our fork claiming guide .
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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'd better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that claim the coins for you personally and take a commission but this could easily turn into a scam that runs off with you money. .
Once you claimed a forkcoin you can sell it on an exchange for Bitcoin or alternative cryptocurrencies assuming it has a market.
Airdrops are much like forks in the sense that 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 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 may be the maximum value for some time method you can use to make money from your Bitcoins but they can be SUPER insecure. I'd recommend that you use these methods only after click for source ample research and a good understanding of the claiming process.
Weve covered a lot of ways in which you can earn Bitcoin or make money with cryptocurrencies. In the end each approach has its own pros and cons, some are far more risky while others take a larger amount of work.
In order to make it much easier for you to review exactly what weve only covered we made a table that illustrates the different methods (you can view at the top of this post). As you can see theres no easy, 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 lot of creative strategies to create new income streams. .
You might still have any questions. If so, just leave them in the comment section below. And if youve tried out one of these methods previously and want to discuss your own experience with it Id love to hear it also.
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