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Weve tested out several loans at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from 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 which claim to double your coins every few days or provide 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 creates a great deal of buzz around the website which seems to be untrue and solvent.

On top of this, they nearly always have some sort 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 just go offline and the money will be gone. No more payments will be made and a great deal of people may get mad that they have scammed.

We have reviewed many Bitcoin investment sites in the past 3 decades and have yet to find a website that we can state is  secure to invest in. Any website that guarantees you something that is too good to be true is likely only a facade for individuals trying to steal your coins. .

How can you find out whether a website is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to acquire a reasonable assumption about a sites validity.

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 also claim the new coin too.

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 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 might end up losing your Bitcoins. So for most non technical customers it would better to pass on a fork and keep your Bitcoins secure. Other alternatives include companies that assert the coins for you and have 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 much like forks in the sense that you get coins from 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.

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 may be the highest significance of time method you can use to make money from your Bitcoins but they can be SUPER risky. I would recommend that you use these methods only after ample research and a good understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or earn money with cryptocurrencies. In the end each approach has its own pros and cons, some are far more insecure while others require a larger amount of work.

In order to make it easier for you to review what weve just covered we created a table that illustrates the different methods (you can view on peak of the post). As you can see theres no simple, risk internet free way to make money with Bitcoin. The good 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 streams. .

You might 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 discuss your experience with it love to Big Satoshi Faucet hear it as well.

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