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Weve tested out many loans at 99Bitcoins, and they eventually defaulted. Thats why I recommend to steer clear of this specific method.

Another method I suggest you avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are websites which claim to double your coins every couple of days or provide you unreal interest prices.

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

On top of that, they almost 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 will go on for around 3-4 months until one day the site will only go offline and the money will be gone. No longer payments will be made and a great deal of people may get angry that they got scammed.

We've reviewed many Bitcoin investment websites in the previous 3 decades and have yet to find a site that we can state is  safe to invest in. Any website that promises you something that is too good to be true is likely only a facade for scammers trying to steal your coins. .

How can you find out if a site is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire 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 emerges in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now claim the new coin as well.

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 the way Bitcoin works. You can view our fork claiming guide here.

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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 many non technical customers it would better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies that assert the coins for you and have a commission but this could easily turn into a scam which runs off with you money. .

Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or alternative cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense which you get coins from thin air. Airdrops are usually utilized to spread the word in a certain cryptocurrency. The currency is distributed freely to the general public, although in certain situations some conditions can apply.

For 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 some time method you can use to create money from the Bitcoins but they can be SUPER insecure. I'd recommend that you use these methods only after ample research and a fantastic understanding of the claiming process.

Weve covered a lot of ways in which you can earn Bitcoin or even make money with cryptocurrencies. In the end each method has its pros and cons, some are more insecure while others take a larger amount of effort.

In order to make it easier for you to review exactly what weve just covered we made a table that illustrates the different approaches (you can see more info here at the top of the post). As you can see theres no simple, 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 great deal of creative ways to create new income streams. .

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

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