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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 it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites that promise to double your coins every couple of 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 lot 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 consumers can bring their friends on board.

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This is how a Ponzi scheme works. This will go on for around 3-4 months until one day the website will just go offline and the money is going to be gone. No more payments will be made and a lot of people will get angry that they got scammed.

We have reviewed several Bitcoin investment sites in the past 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 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 test tool to get a reasonable assumption about a websites 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 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 more. The process for claiming forked coins (aka forkcoins) is standard but demands an above fundamental understanding of the way 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 could 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 which assert the coins for you and take a commission but this could easily turn into a scam which runs away 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 which you get coins from thin air. Airdrops are often utilized to spread the word in a certain cryptocurrency. The currency is distributed freely to the public, although in certain cases 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 may be the maximum value for time method you can use to create money from your Bitcoins however they can be SUPER risky. I'd advise you to use these approaches only after considerable research and a fantastic understanding of the claiming process.

Weve covered a lot of ways you can earn Bitcoin or even make money with cryptocurrencies. In the end each method has its pros and cons, some are far more risky while others take a greater amount of work.

In order to make it easier for you to review what weve only covered we created a table which illustrates the different methods (you can see at the top of the post). As you can see theres no easy, risk free way to generate 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 might still have some questions. If this is the case, simply leave them in the comment section below. And if youve tried out one of the methods above and want to share your own experience with internet it Id love to hear it also.

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