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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 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 customers and use that money to pay off older users. This process makes a lot of buzz around the website which seems to be untrue and solvent.

On top of this, they almost always have some kind of referral app so that users 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 website will just go offline and the money is going to be gone. No longer payments will be produced and a lot of people may get mad that they have scammed.

We have reviewed many Bitcoin investment sites in the previous 3 decades and have yet to find a site which we can say is  secure to invest in. Any site that promises you something that's too good to be true is likely just a facade for individuals trying to steal your coins. .

How can you find out if a site is a scam for yourself Easy, use our Bitcoin scam test tool to get a fair assumption about a sites validity.

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 before the fork can now also claim the new coin as well.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The process for claiming forked coins (aka forkcoins) is standard however requires an above fundamental understanding of the way Bitcoin works. You can view our fork claiming guide .

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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 many non technical users it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that claim the coins for you and take a commission but that could 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 usually used to spread the word in a certain cryptocurrency. The currency is distributed freely to the general public, although in certain cases some conditions can apply.

For 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 significance of some time method you can use to make money from your Bitcoins however they can be SUPER insecure. I would advise you to use these approaches only after considerable research and a good 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 far more risky while others require a larger amount of effort.

In order to make it much easier for you to review exactly what weve just covered we made 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 fantastic news is that it is possible, and if you put some effort into it you can find a great deal of creative strategies to make new income flows. .

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

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