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

This is the way 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 more payments will be produced and a great deal of people may get angry that they have scammed.

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

How can you find out whether a site is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire 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 originates from the existing Bitcoin. Every person who held Bitcoin before the fork can now also claim the new coin too.

The first popular branch was Bitcoin Cash, but soon after followed Bitcoin Gold, Bitcoin Diamond and more. The process for claiming forked coins (aka forkcoins) is standard but demands 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 could end up losing your Bitcoins. So for many non technical users it'd better to pass on a fork and keep your Bitcoins safe. Other alternatives include companies that assert the coins for you and have a commission but that may easily turn into a scam that runs off with you money. .

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

Airdrops are much like forks in the sense that you get coins from thin air. Airdrops are often used to spread the word about a certain cryptocurrency. The currency is distributed freely to the public, although in some situations some conditions can apply.

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

To conclude, forks and airdrops could possibly be the highest value for time method you can use to make money from your Bitcoins but they can be SUPER risky. I would advise you to use these methods only after ample research and a good understanding of the claiming process.

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

In order to make it much easier for you to review what weve only covered we created a table that illustrates the different methods (you can view on peak of the post). As you can see theres no easy, risk free way to make 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 ways to create new income streams. .

You may still have any questions. If so, just leave them in the comment section below. And when youve tried out one of these methods above and want to discuss your own experience with it Id 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 little bit of time and dedication. Lets observe five strategies of earning BTC that really function 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 what most 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 off 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 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 thoughts.

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