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

This is the way a Ponzi scheme functions. This will go on for around 3-4 months until one day that the site will only go offline and the money will be gone. No longer payments will be produced and a lot of people will get mad that they have scammed.

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

How can you find out whether a site is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to get a reasonable assumption about a sites legitimacy.

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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 claim the new coin too.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and much more. The procedure for claiming forked coins (aka forkcoins) is standard however demands an above basic understanding of how Bitcoin works. You can see our fork claiming guide .

Keep 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 would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that claim the coins for you personally and take a commission but that could easily turn into a scam which runs off with you money. .

Once you claimed a forkcoin you can sell it on an official statement exchange for Bitcoin or other cryptocurrencies assuming it has a market.

Airdrops are similar to forks in the sense that you get coins out of thin air. Airdrops are usually utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain cases some conditions can employ.

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By More about the author way of example, Byteball was distributed freely to Bitcoin users depending on the amount of Bitcoins they owned.

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 insecure. I would recommend that you use these methods only after considerable research and a good understanding of the claiming process.

Weve covered a great deal of ways you can earn Bitcoin or even earn money with cryptocurrencies. In the end each approach has its own pros and cons, some are more risky while others take a larger amount of effort.

In order to make it easier for you to review what weve just covered we created a table which illustrates the different methods (you can view at the peak of the post). As you can see theres no easy, 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 lot of creative ways to make new income streams. .

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

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Is it possible to earn free Bitcoins without investing in GPU and mining rigs Yes! You just need a bit of time and dedication. Lets observe five strategies of earning BTC that really work and can be used by almost anyone.

Back to 2009, when Bitcoin only appeared, we could have mined it on our PCs without problems- thats exactly what many modern Bitcoin millionaires did. But things have changed since then- now, mining is now a way more complex process.

In order to earn BTC, your devices need to perform complex calculating operations, and theres no guarantee that the electricity and cooling power consumed will pay there are always guys with stronger graphics cards that can outperform you and snatch the prized coins from under your nose.

However, it doesnt mean that you cant become a proud owner of the worlds most famous cryptocurrency. How to earn Bitcoin without mining Here are just five simple but brilliant thoughts.

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Say, youre a digital entrepreneur and have enough time and resources to establishing your own eCommerce website. Why not adding Bitcoin transfer as a payment method This is what modern online stores and even restaurants perform.