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

This is the way a Ponzi scheme works. 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 more payments will be made and a lot of people will get mad that they have scammed.

We've reviewed several Bitcoin investment sites in the past 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's too good to be true is likely just a facade for scammers trying to steal your coins. .

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

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Starting around August 2017 Bitcoin began forking into other coins. In a nutshell, forking  means a new Bitcoin clone originates in the existing Bitcoin. Every person who held Bitcoin prior to the fork can now also claim the new coin as well.

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 requires an above fundamental understanding of how Bitcoin works. You can view our fork claiming guide here.

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 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 claimed a forkcoin you can sell it on an exchange for Bitcoin or other click here to find out more cryptocurrencies assuming it's a market.

Airdrops are similar to forks in the more helpful hints sense which 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 general public, although in some cases some conditions can employ.

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For instance, Byteball was distributed freely to Bitcoin users depending on the amount of Bitcoins they owned.

To conclude, forks and airdrops could possibly be the maximum value for time method you can use to create money from the Bitcoins but they can be SUPER risky. I'd recommend that you use these methods only after considerable research and a fantastic understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or make money with cryptocurrencies. In the end each method has its own pros and cons, some are far more insecure while others take a greater amount of effort.

In order to make it much easier for you to review exactly what weve only covered we made a table that illustrates the different approaches (you can view at the peak 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 lot of creative ways to make new income streams. .

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

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Is it possible to earn free Bitcoins without investing in GPU and mining rigs Yes! You simply need a little 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 with no difficulties - thats exactly what most modern Bitcoin millionaires did. But things have changed since then- now, mining is now a way more complicated process.

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

But it doesnt mean you cant become a proud owner of the worlds most famous cryptocurrency. The way to earn Bitcoin without mining Here are five simple but brilliant ideas.

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Say, youre an electronic entrepreneur and have enough time and resources to establishing your own eCommerce site. Why not adding Bitcoin transfer as a payment method This is what modern online these details stores and even restaurants do.