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On top of this, they nearly always have some kind of referral app 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 is going to be gone. No longer payments will be made and a great deal of people may get mad that they got scammed.

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

How can you find out whether a website is a scam to get yourself Easy, utilize our Bitcoin scam evaluation tool to get a fair 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 emerges from the existing Bitcoin. Every person who held Bitcoin before the fork can now claim the new coin too.

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 demands an above basic understanding of the way 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 might end up losing your Bitcoins. So for most non technical customers it'd better to pass on a fork and keep your Bitcoins secure. 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 read an exchange for Bitcoin or other cryptocurrencies assuming it has a market.

Airdrops are similar to forks in the sense which 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 general public, although in some cases some conditions can apply.

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By way of 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 some time method you can use to make money from your Bitcoins however they can be SUPER risky. I'd advise you to use these methods only after considerable research and a good understanding of the claiming process.

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

In order to make it much easier for you to review exactly what weve just covered we created a table that illustrates the different approaches (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's possible, and if you put some effort into it you can find a lot of creative ways to create new income flows. .

You may still have any 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 own experience with it 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 work and can be used by nearly anyone.

Back to 2009, when Bitcoin only seemed, we might 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 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 men 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 famed cryptocurrency. How to earn Bitcoin without mining Here are just five simple but brilliant thoughts.

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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 what modern online stores and even restaurants perform.