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On top of this, they almost always have some sort of referral program 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 just go offline and the money will be gone. No longer payments will be made and a lot of people will get mad that they have scammed.

We have reviewed many Bitcoin investment sites in the past 3 years and have yet to find a website which we can state is  safe to invest in. Any site 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 test 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 from the existing Bitcoin. Every person who held Bitcoin before the fork can now claim the new coin as well.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The procedure 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 .

Bear in mind that if youre not sure what youre doing when claiming a forkcoin you could end up losing your Bitcoins. So for many non technical users 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 that 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 other cryptocurrencies assuming it's a market.

Airdrops are much like forks in the sense which you get coins from thin air. Airdrops are often used to spread the word in 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 may be the highest value for some time method you can use to create money from your Bitcoins however they can be SUPER insecure. I would recommend that you use these approaches only after ample research and a fantastic 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 approach has its own pros and cons, some are more risky while others require a larger amount of work.

In order to make it much easier for you to review exactly what weve only covered we made a table which illustrates the different approaches (you can see at the peak of this post). As you can see theres no simple, risk free way to make money with Bitcoin. The good news is that it's possible, image source and if you put some effort into it you can find a great deal of creative strategies to make new income flows. .

You might still have any questions. If this is the case, simply 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 Id love to hear it also.

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Is it possible to earn free Bitcoins without investing in GPU find 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 seemed, we could have mined it on our PCs with no difficulties - thats what many modern Bitcoin millionaires did. But things have changed since then- now, mining is now a far 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 consumed will cover off there are always men with stronger graphics cards who can outperform you and snatch the prized coins from under your nose.

But 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 five simple but brilliant ideas.

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Say, youre an electronic entrepreneur and have enough time and resources for establishing your own eCommerce site. Why not adding Bitcoin transfer as a payment system This is exactly what modern online stores and even restaurants perform.