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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 I suggest you avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are sites that claim to double your coins every couple of days or provide you unreal interest rates.

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

On top of that, they nearly always have some sort of referral program so that users can bring their friends on board.

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This is the way a Ponzi scheme works. 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 more payments will be made and a lot of people will get mad that they got scammed.

We have reviewed several Bitcoin investment websites in the previous 3 years and have yet to find a website which we can state 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, utilize our Bitcoin scam test 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 emerges from the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin as well.

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 requires an above basic 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'd better to pass on a fork and maintain your Bitcoins secure. Other alternatives include companies which claim the coins for you and take a commission but that may easily turn into a scam that runs away with you money. .

Once you maintained a forkcoin you can sell it on an exchange for Bitcoin or other 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 about a certain cryptocurrency. The currency is distributed freely to the public, although in certain situations anonymous 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 could possibly be the maximum value for time method you can use to create money from the Bitcoins but they can be SUPER risky. I would recommend that you utilize these methods only after ample research and a fantastic understanding of the claiming process.

Weve covered a great deal of ways you can earn Bitcoin or even make money with cryptocurrencies. In the end each method has its own 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 what weve only covered we created a table that illustrates the different methods (you can view on 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's possible, and if you put some effort into it you can find a lot of creative ways to create new income flows. .

You might still have some questions. If so, simply leave them in the comment section below. And if youve tried out one of the approaches above and want to discuss your own experience with it Id love to hear it also.

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