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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 High Yield Investment Programs also known as HYIPs. These are websites which promise to double your coins every few days or give you unreal interest prices.

What these sites actually do is take money from new users and use that money to pay off old users. This process makes a great deal of buzz around the site that seems to be untrue and solvent.

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

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This is the way a Ponzi scheme functions. 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 angry that they have scammed.

We've reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site that we can state is  secure to invest in. Any site that promises you something that's too good to be true is likely just 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 get a fair assumption about a websites validity.

Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone originates from the existing Bitcoin. Every person who held Bitcoin before 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 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 .

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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 keep your Bitcoins safe. Other alternatives include companies that claim the coins for you personally and have a commission but this could 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 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 cases some conditions can employ.

For instance, Byteball was distributed freely 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 some time method you can use to make money from your Bitcoins however they can be SUPER risky. I would recommend that you utilize these methods only after ample research and a fantastic understanding of the claiming process.

Weve covered a great deal of ways you can earn Bitcoin Read Full Article or even make money with cryptocurrencies. In the end each approach has its own pros and why not try these out cons, some are more insecure while others take a larger amount of effort.

In order to make it much easier for you to review what weve only covered we created a table that illustrates the different methods (you can see at the peak of this 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 lot of creative strategies to create new income flows. .

You may still have any questions. If so, simply leave them in the comment section below. And when youve tried out one of the approaches above and want to discuss your own experience with it Id love to hear it also.

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