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

This is how a Ponzi scheme works. This can go on for around 3-4 months until one day that the site will only go offline and the money will be gone. No longer payments will be made and a lot of people may get angry that they have scammed.

We've reviewed several Bitcoin investment websites in the previous 3 years and have yet to find a site that we can say is  secure to invest in. Any website that guarantees 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 website is a scam for 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 emerges from the existing Bitcoin. Every person who held Bitcoin prior to the fork can now claim the new coin as well.

The first popular fork 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 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 could end up losing your Bitcoins. So for most non technical customers it'd better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies that claim the coins for you personally and have a commission but that could easily turn into a scam which runs away with you money. .

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

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

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For example, Byteball was distributed freely 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 the Bitcoins but they can be SUPER risky. I'd recommend that you utilize these methods only after considerable research and a good understanding of the claiming process.

Weve covered a great deal of ways in which you can earn Bitcoin or earn money with cryptocurrencies. In the end each method has its pros and cons, some are more insecure while others take a larger amount of effort.

In order to make it much easier for you to review exactly what weve only covered we created a table which illustrates the different methods (you can view at the peak of this post). As you can see theres no simple, 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 make new income flows. .

You might still have any questions. If this official site is the case, just leave them in the comment section below. And if youve tried out one of the approaches previously and want to discuss 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 bit of time and dedication. Lets observe five strategies of earning BTC that truly function and can be used by nearly anyone.

Back to 2009, when Bitcoin only appeared, we could have mined it on our PCs without difficulties - 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 execute sophisticated calculating operations, and theres no guarantee that the electricity and cooling consumed will pay 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 famous 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 for establishing your own eCommerce site. Why not adding Bitcoin transfer as a payment system That is exactly what modern online stores and even restaurants do.