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On top of that, they almost 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 that the site will just go offline and the money will be gone. No more payments will be produced and a lot of people will get angry that they have scammed.

We have reviewed several Bitcoin investment websites in the past 3 years and have yet to find a site which we can state is  safe to invest in. Any website that guarantees you something that is too good to be true is probably just a facade for individuals trying to steal your coins. .

How can you find out whether a website is a scam to get yourself Easy, use our Bitcoin scam test tool to get 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 emerges in the existing Bitcoin. Every person who held Bitcoin prior to 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 much more. The process for claiming forked coins (aka forkcoins) is standard but demands an above fundamental understanding of the way Bitcoin works. You can see our fork claiming guide here.

Keep 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 maintain your Bitcoins secure. Other alternatives include companies which assert the coins for you and take a commission but this may easily turn into a scam that runs off 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 much like forks in the sense which you get coins from thin air. Airdrops are often utilized to spread the word about a certain cryptocurrency. The currency is distributed freely to the general public, although in certain situations some conditions can employ.

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

To conclude, forks and airdrops may be the highest significance of time method you can use to create money from the Bitcoins but 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 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 effort.

In order to make it easier for you to review exactly additional info what weve just covered we made a table which illustrates the different approaches (you can view on peak of this post). As you can see theres no simple, risk free way to generate 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 strategies to create new income flows. .

You might still have some questions. If so, 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 simply need a little 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 might have mined it on our PCs without problems- thats exactly what most modern Bitcoin millionaires did. But things have changed since then- now, mining is now a way more complex procedure.

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 famous cryptocurrency. How 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 to establishing your own eCommerce website. Why not adding Bitcoin transfer as a payment system This is exactly what modern online stores and even restaurants perform.