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

Another method I suggest you avoid are coin doublers and High Yield Investment Programs also known as HYIPs. These are websites that claim to double your coins every few days or give you unreal interest prices.

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

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

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This is how 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 will be gone. No more payments will be produced and a great deal of people will get mad that they have scammed.

We have reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site which we can state is  secure to invest in. Any website that promises you something that is too good to be true is probably 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 evaluation tool to get a fair assumption about a websites 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 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 but demands an above fundamental understanding of the way Bitcoin works. You can view our fork claiming guide .

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Bear in mind that if youre not sure what youre doing when claiming a forkcoin you might end up losing your Bitcoins. So for many non technical customers it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that assert the coins for you and take a commission but that may easily turn into a scam that runs away 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 much like forks in the sense that you get coins out of thin air. Airdrops are usually used to spread the word about a certain cryptocurrency. The currency is distributed freely to the public, although click here for info in some cases 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 make money from the Bitcoins however they can be SUPER risky. I'd advise you to utilize these methods only after considerable research and a fantastic understanding of the claiming process.

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

In order to make it much easier for you to review what weve only covered we made a table which illustrates the different methods (you can see on top of this post). As you can see theres no simple, risk free way to make money with Bitcoin. The good news is that it's possible, and if you put some effort into it you can find a great deal 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 when youve tried out one of the methods previously and want to share your experience with it love to hear it also.

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