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On top of that, they almost always have some kind of referral app so that consumers 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 website will just go offline and the money is going to be gone. No more payments will be made and a lot of people may get mad that they got scammed.

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

How can you find out if a website is a scam for yourself Easy, utilize our Bitcoin scam test tool to acquire a fair assumption about a websites legitimacy.

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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 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 here.

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 customers it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which assert the coins for you and have a commission but this could easily turn into a scam which runs off with you money. .

Once you maintained 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 general public, although in some cases some conditions can employ.

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For example, Byteball was distributed go publicly to Bitcoin users depending on the amount of Bitcoins they owned.

To conclude, forks and airdrops may be the highest value for some time method you can use to make money from the Bitcoins however they can be SUPER insecure. I would advise you to use these methods only after considerable research and a good understanding of the claiming process.

Weve covered a lot of ways in which you can earn Bitcoin or even earn money with cryptocurrencies. In the end each method has its pros and cons, some are far more risky while others require a greater amount of work.

In order to make it easier for you to review what weve only covered we created a table which illustrates the different methods (you can see at the top of the post). As you can see theres no simple, risk free way to generate money with Bitcoin. The fantastic 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 streams. .

You might still have some questions. If this is the case, just leave them in the comment section below. And when youve tried out one of these methods previously and want to share your experience with it Id 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 just need a little bit of time and dedication. Lets observe five strategies of earning BTC that truly work and can be used by nearly anyone.

Back to 2009, when Bitcoin only appeared, we might have mined it on our PCs with no problems- thats exactly what many modern Bitcoin millionaires did. But things have changed since then- now, mining has become a way more complicated 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 cover there are always men 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 famed cryptocurrency. The way to earn Bitcoin without mining Here are just 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 website. Why not adding Bitcoin transfer as a payment method This is what modern online stores and even restaurants do.