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Weve tested out several loans here 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 High Yield Investment Programs also known as HYIPs. These are websites which promise to double your coins every couple of days or give you unreal interest prices.

What these sites really do is take money from new users and use that money to pay off older users. This process creates a great deal of buzz around the site that is apparently legit 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 functions. This can go on for around 3-4 months until one day that the site will just go offline and the money is going to be gone. No longer payments will be produced and a great deal of people will get mad that they got scammed.

We've reviewed several Bitcoin investment websites in the past 3 years and have yet to find a website which we can say is  safe to invest in. Any site that promises you something that's too good to be true is likely just a facade for scammers trying to steal your coins. .

How can you find out whether a site is a scam for yourself Easy, use our Bitcoin scam evaluation tool to get a fair assumption about a websites 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 before 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 basic understanding of how Bitcoin works. You can see 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 most non technical users it'd better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies which claim the coins for you and have a commission but this could 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 other cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense that you get coins out of 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 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 highest significance of some time method you can use to create money from your Bitcoins but they can be SUPER insecure. I'd advise you to use 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 earn money with cryptocurrencies. In the end each approach has its pros and cons, some are more risky while others require a larger amount of effort.

In order to make it easier for you to review what weve just covered we made a table that illustrates the different methods (you can view at the peak of this 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 great deal of creative ways to create new income streams. .

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

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