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On top of this, they nearly 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 the site will only go offline and the money will be gone. No more payments will be made and a lot of people may get mad that they got scammed.

We've reviewed several Bitcoin investment sites in the past 3 years and have yet to find a site which we can say is  secure to invest in. Any site 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 whether a website is a scam for yourself Easy, use our Bitcoin scam evaluation tool to acquire a reasonable 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 emerges 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 see our fork claiming guide here.

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Keep 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 users it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that assert the coins for you personally and have a commission but this could easily turn into a scam which runs away with you money. .

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

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

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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 maximum value for time method you can use to make money from the Bitcoins however they can be SUPER insecure. I would advise you to utilize these approaches only after ample research and a good understanding of the claiming process.

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

In order to make it much easier for you to review what weve just covered we created you can look here a table that illustrates the different methods (you can see at the peak of this post). As you can see theres no easy, risk free way to generate money with Bitcoin. The good 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 might still have some questions. If this is the case, simply leave them in the comment section below. And when youve tried out one of the 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 and mining rigs Yes! You simply need a bit of time and dedication. Lets observe five strategies of earning BTC that really function 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 what most modern Bitcoin millionaires did. But things have changed since then- now, mining is now a far more complex process.

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

However, it doesnt mean you cant become a proud owner of the worlds most famous 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 for establishing your own eCommerce website. Why not adding Bitcoin transfer as a payment system That is what modern online stores and even restaurants do.

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