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

Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are websites that promise to double your coins every couple of days or provide you unreal interest prices.

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

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

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This is how a Ponzi scheme functions. This can go on for around 3-4 months until one day the site will just go offline and the money will be gone. No longer payments will be produced and a lot of people may get angry that they got scammed.

We've reviewed many Bitcoin investment sites in the previous 3 years and have yet to find a site which we can state is  safe to invest in. Any website that guarantees you something that is too good to be true is likely just a facade for individuals trying to steal your coins. .

How can you find out whether a website is a scam for yourself Easy, utilize our Bitcoin scam evaluation 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 originates 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 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 .

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Keep in mind that if youre not sure what youre doing when claiming a forkcoin you might end up losing your Bitcoins. So for most non technical customers it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which claim the coins for you personally and take a commission but this may easily turn into a scam which runs off with you money. .

Once you claimed 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 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 in some situations 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 could possibly be the highest value for some time method you can use to make money from your Bitcoins but they can be SUPER risky. I would advise you to utilize these approaches only after considerable research and a good 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 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 approaches (you can view 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's possible, and if you put some effort into it you can find a lot of creative strategies to create new income flows. .

You may still have any questions. If this is the case, just leave them in the comment section below. And if youve tried out one of the approaches previously and want to discuss your experience with it Id love to hear it as well.

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