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Weve tested out several loans here at 99Bitcoins, and they all 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 couple of days or give you unreal interest rates.

What these websites actually do is take money from new customers and use that money to pay off older users. This procedure creates a great deal of buzz around the website which is apparently untrue and solvent.

On top of this, they almost always have some sort of referral app so that consumers 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 site will only go offline and the money is going to be gone. No more payments will be produced and a great deal of people may get angry that they got scammed.

We've reviewed several Bitcoin investment sites in the previous 3 years and have yet to find a website that we can state is  safe to invest in. Any site that promises you something that's too good to be true is likely just a facade for scammers 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 acquire 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 emerges from the existing Bitcoin. Every person who held Bitcoin before 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 however requires an above basic understanding of how Bitcoin works. You can see our fork claiming guide here.

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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 most non technical users it would better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that assert 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's a market.

Airdrops are similar to forks in the sense which you get coins out of thin air. Airdrops are index often utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the public, although in certain situations some conditions can apply.

By way of 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 maximum value for some time method you can use to make money from your Bitcoins however they can be SUPER risky. I'd recommend that you use these methods only after considerable research and a good understanding of the claiming process.

Weve covered a great deal of ways you can earn Bitcoin or make money with cryptocurrencies. In the end each approach has its pros and cons, some are more insecure while their website others take a larger amount of effort.

In order to make it much easier for you to review exactly what weve just covered we created a table which illustrates the different approaches (you can see on top of the post). As you can see theres no simple, risk 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 lot of creative ways to create new income streams. .

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

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We're constantly adding new, interesting content. You are free to choose what you want to do. Earn bitcoin anytime and anywhere, whether out of the personal computer or by your mobile device.