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

Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites which claim to double your coins every couple of days or give you unreal interest rates.

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

On top of that, they nearly always have some kind of referral app so that consumers 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 is going to be gone. No longer payments will be made and a lot of people will get mad that they got scammed.

We've reviewed several Bitcoin investment websites in the previous 3 years and have yet to find a site which we can say is  safe to invest in. Any website that guarantees you something that's too good to be true is probably just a facade for individuals trying to steal your coins. .

How can you find out if a website is a scam for yourself Easy, use our Bitcoin scam evaluation 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 originates from the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin too.

The first popular fork was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The process for claiming forked coins (aka forkcoins) is standard but demands an above basic understanding of how 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 would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which assert the coins for you and have a commission but that may 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 other cryptocurrencies assuming it's a market.

Airdrops are similar to forks in the sense that you get coins from thin air. Airdrops are often utilized to spread the word in a certain cryptocurrency. The click here for more currency is distributed freely to the public, although in some situations some conditions can employ.

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 maximum value for time method you can use to make money from your Bitcoins however they can be SUPER insecure. I would advise you to utilize these methods only after considerable research and a fantastic understanding of the claiming process.

Weve covered a lot of ways you can earn Bitcoin or even earn money with cryptocurrencies. In the end each approach has its recommended you read own pros and cons, some are far more risky while others require a larger amount of work.

In order to make it easier for you to review exactly what weve only covered we created a table which illustrates the different methods (you can see at the peak of the 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 may still have any questions. If so, just leave them in the comment section below. And if youve tried out one of the approaches above and want to share your own experience with it love to hear it also.

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