How To Become A Bitcoin Dealer - An Overview
Weve tested out several loans here at 99Bitcoins, and they eventually defaulted. Thats why I recommend to stay away from this specific method.
Another method it is wise to avoid are coin doublers and higher Yield Investment Programs also known as HYIPs. These are websites which claim to double your coins every couple of days or give you unreal interest prices.
What these sites really do is take money from new customers and use that money to pay off older users. This process creates a great deal of buzz around the website which seems to be legit and solvent.
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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 longer payments will be produced and a lot of people may get mad that they have scammed.
We have reviewed many Bitcoin investment sites in the past 3 years and have yet to find a website 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 if a site is a scam to get yourself Easy, use our Bitcoin scam test tool to acquire a reasonable assumption about a sites validity.
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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 claim the new coin as well.
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 fundamental understanding of the way Bitcoin works. You can view our fork claiming guide here.
Keep 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 customers it would better to pass on a fork and maintain your Bitcoins safe. Other alternatives include companies which assert the coins for check it out you personally and have a commission but this may easily turn into a scam which runs off with you money. .
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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 from thin air. Airdrops are often used to spread the word in a certain cryptocurrency. The currency is distributed freely to the public, although in certain cases some conditions can employ.
By way of instance, Byteball was distributed publicly to Bitcoin users depending on the amount of Bitcoins they owned.
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To conclude, forks and airdrops may be the maximum significance of some time method you can use to make money from your Bitcoins however they can be SUPER insecure. I would recommend that you use these approaches only after ample research and a good understanding of the claiming process.
Weve covered a great deal of ways you can earn informative post 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 larger amount of effort.
In order to make it easier for you to review exactly what weve just covered we created a table which illustrates the different methods (you can see at the top of the 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 go to the website if you put some effort into it you can find a lot of creative ways to make new income flows. .
You might still have some questions. If so, just leave them in the comment section below. And if youve tried out one of the methods previously and want to discuss your own experience with it love to hear it as well.
Some Of How To Become A Bitcoin Dealer
Each and every day, Bitcoin the cryptocurrency and Bitcoin the technology becoming more popular. When in 2011 you needed to write a person from the other continent to order a pizza for you with Bitcoins, now you can certainly do something similar to that in a number of major cities. In some countries like the Netherlands, the entire towns are Bitcoin-friendly (like Arnhem, often known as the Bitcoin town ) now with a range of services offered for people that are willing to pay with BTC.