Bitcoin is an emerging digital currency that enables instant payments to anyone, anywhere in the world. But, like any currency, it’s value comes from the trust of users that its worth will remain a stable, contingent on supply and demand. Simply put, bitcoin is a form of digital money, and like any currency, it can be traded for goods or services, or held as an investment.
Putting all the information about different ways to earn free Bitcoin together in one place is a lot of fun! However, it’s not easy to find all of the information on Bitcoin online, so I have put together this list of the top ways to earn free Bitcoin. Some of these ways are legit, while some are scams.
Like most people, you probably have a few things you’d like to buy in your lifetime. Whether it’s a new cell phone, a laptop, or that one thing that will make you the envy of all your friends, you’ll have to fork over some cash. Fortunately there are a handful of ways to get free Bitcoin (BTC) without spending a single penny. I’m here to introduce you to the best method I’ve found so far.. Read more about earn free bitcoin fast 2020 and let us know what you think.
Over the past several years, I’ve been studying different ways for generating bitcoin (also known as Stacking Sats). – Sats is an acronym for “Satoshi,” which is Bitcoin’s smallest unit.
And it hasn’t been that terrible thus far.
For example, last year I paid a company $150 for a service I performed. I requested that he pay me in BTC.
In August of last year, he sent me 0.0133 BTC.
Try looking up how much it’s worth now on Google… Yes, that’s correct. It currently has a market value of US$600. My buying power almost tripled.
Earning and holding BTC pays dividends, as you can see.
With bitcoin’s growing popularity and status as a legal money in El Salvador, an increasing number of individuals are considering switching their monetary unit of account to BTC or Sats. You should do the same!
Not only that, but there’s more.
I began to spread my bitcoin-earning methods over a variety of sectors. From studying to mining, exchanging to hodling, referencing to surveying, and trading to purchasing, there’s something for everyone. As a result, my earnings have increased by 3X on average during the last 12 months.
Here are some examples of how you may begin, navigate, or improve your BTC earning potential right now:
DCA Buying & Holding for 3 – 5 Years
Dollar-cost averaging (DCA) into bitcoin is a simple technique that can help you get out of debt without sacrificing sleep.
HODLing, which is another name for purchasing and holding, is one of the most simple and beginner-friendly investment techniques available. Get a Bitcoin wallet, purchase BTC, and then HODL – regardless of how long it takes.
Why? Because, historically speaking, no one has ever had their investment turn red using this approach for at least four years before selling. You’d be up 3X – 5X by now, in fact.
Because of this, the term HODL was created. It began as a forum mistake, then evolved into a memeable full-time Bitcoin approach. It may also imply to cling to life for dear life.
Difficulty: Extremely simple
Speed: Slow & Steady Wins the Race
*Don’t leave large sums of money on any crypto exchange or platform for longer than necessary.
Today, there are ten practical ways to earn bitcoin.
1. Doing Bitcoin Microtasks
Microtasking is one of the simplest methods to earn bitcoin quickly.
The majority of the activities, such as filling out survey forms, watching movies, and downloading applications, are very easy and ideal for beginners.
However, don’t expect to make a full-time livelihood performing odd tasks.
In any case, it’s still a fantastic method to make a few bitcoins in your free time. It also pays better than most faucet sites.
(A) Survey Duration
Taking online surveys will not make you wealthy, but it is one of the most straightforward methods to get free sats.
To be honest, I’m not a big lover of wasting my time on trivial chores. But this paid survey site piqued my interest.
One of my favorite survey sites for earning free bitcoin online is Survey Time. They’ll pay you to complete basic surveys and activities. Almost majority of the activities are completed in under 5 minutes. It’s a very simple and hassle-free method of earning bitcoin online.
You’ll immediately get a reward of $1 worth of bitcoin for each task performed!
In addition, there is no minimum payment with Survey Time. This means you may finish a job and immediately convert your funds to Bitcoin (through Coinbase).
In comparison to other sites, Survey Time pays the most, as far as I’m aware.
It allows you to work from anywhere in the world on your phone or laptop, without the requirement for a bank account!
I suggest that you start earning Bitcoin on Timebucks if you’re willing to answer questions.
Everyone is welcome to participate for no cost.
Simply join up using your Facebook account (no permission required) and begin earning bitcoins by participating in as many surveys as you like.
You may choose which survey you’d want to do and what you’ll get as a prize.
Timebucks also provides a variety of additional methods to earn bitcoins, including:
- Using TikTok to make a video
- Playing video games
- Downloading and installing free applications
- Using Instagram to post
- Video viewing
- Captchas must be completed.
You may withdraw bitcoins to your own wallet after you reach the minimum payment of $10.
So, how much can TimeBucks earn you?
You may earn a maximum of $50 worth of Bitcoin on your first day. After that, depending on the job and time spent on the site, you may expect to earn between $10 and $20 in Bitcoin each day.
The greatest thing is that when you join up here, you’ll receive a free $1.
You may invite your friends and get a portion of their earnings automatically if you want to earn more bitcoin passively.
However, you must first register a free account and remember to redeem your $1 here.
Also, read my complete Timebucks review to learn about other methods to get free bitcoins.
Other webpages (C)
Check out the websites listed below if you’re searching for additional fast employment.
(I haven’t tested these yet, but they seem to be completely genuine microtasking sites.)
Are you looking for new methods to make money with Bitcoin in your leisure time?
Sharing your Bitcoin views is one of the simplest methods. Take a look at this resource.
2. Make money using Bitcoin Faucets
Here’s a screenshot of Cointiply earnings.
A Bitcoin faucet, such as Cointiply, is a website or app that rewards users with Satoshis, which are one tenth of a million bitcoins (1 satoshi = 0.00000001 bitcoin). Users must do a variety of simple activities in return for bitcoin, such as solving a captcha or playing online games.
Other crypto faucets, such as Dogecoin and Litecoin, give out tiny amounts of cryptocurrency. These cryptocurrencies may be exchanged for bitcoin on reputable crypto exchange platforms like ChangeNOW or traded on Binance.
There is usually a restriction to how many times you may claim from each website; for example, some faucets give out money every 5 minutes. Some users get paid on a regular basis, whether hourly, daily, or monthly. Otherwise, giving your wallet address is a simple way to get some bitcoin.
The typical payment, on the other hand, is very modest. You’ll need to store those satoshis on the faucet site before transferring the payment to your bitcoin address to avoid transaction costs.
With this in mind, faucet sites may not be the best method to earn the minuscule fractions of a bitcoin. However, you may use those few coins to conduct a few of test transactions before spending your real money on coins.
If you want to earn sats via faucets, I suggest Cointiply, which has one of the highest average payouts on the market.
You have the option of receiving payment in Bitcoin, Dogecoin, Dash, or Litecoin, or just leaving it on the platform to earn a set interest rate of 5%. (However, if it hits a significant amount, I would suggest withdrawing to your hardware wallet.)
You may also join the following free Bitcoin faucet websites:
3. Earn Bitcoin Cashback When You Shop Online
How about getting rewards in Bitcoin while shopping online?(A) Lolli
Lolli is a Chrome extension that does just that, enabling you to earn up to 30% off over 1000+ major companies all across the web with almost no effort!
You just need to follow a few easy steps to get Free Bitcoin with Lolli:
- Install the Lolli Chrome extension on your browser.
- As you browse the web, Lolli will appear to inform you of the amount of Bitcoin you may earn back.
- Purchase anything you were going to purchase as usual.
- When you use Lolli to pay for anything, you’ll get free Bitcoin.
Visit this post with all of my ideas for additional information on how to earn free bitcoins while you purchase.
(B) BlockFi – Credit Card for Bitcoin Rewards
Get the first credit card in the world that lets you earn bitcoin for every purchase you make.
Every purchase you make with the BlockFi card earns you 1.5 percent back in bitcoin.
The following are some of the new BlockFi Credit Card bonuses:
3.5 percent bitcoin rewards on all purchases for the first three months after you get your card, up to $100 in bitcoin
- Every purchase above $50,000 in yearly spending earns you 2% bitcoin rewards.
0.25 percent return in bitcoin for qualifying BlockFi transactions, up to a monthly limit of $500 in bitcoin
In addition to the standard Refer-a-Friend program, each customer referral will get $30 in bitcoin.
Issued by Evolve Bank & Trust, this metal credit card will work like a regular card and will be accepted almost anywhere. Whenever you make a purchase, the bitcoin rewards will be automatically deposited into your BlockFi account.
Furthermore, using the BlockFi credit card is totally free. There are no yearly fees or costs for international transactions!
Residents of the United States may now apply for the Bitcoin Rewards Credit Card (except those residing in NY).
To get your BlockFi Credit Card, follow these steps:
1. Go to BlockFi and create a free account. To apply for the Bitcoin Rewards Credit Card, you must have a BlockFi account. To get your benefits, you’ll need a BlockFi account. 2. Fill out an application for a BlockFi credit card. 3. If you’re using the BlockFi mobile app, check sure you’ve got the most recent version installed.
Fold – Bitcoin Rewards App – (C)
Jack Mallers, a 27-year-old Bitcoin app developer who also runs Zap Inc., is the creator of the Fold App.
When El Salvador’s President Nayib Bukele adopted Bitcoin in June 2021, mallers sprang onto the scene.
On stage at a Miami conference, he disclosed that his firm has been working with the authorities behind the scenes for months to make BTC legal currency in the nation.
This software is, without a doubt, the greatest method to earn bitcoin without putting in a lot of work.
@fold app the sats back thinking process pic.twitter.com/IgWTNIfXBZ
10 August 2021 — satch (@21satch)
If you live in the United States, you may take it a step further by applying for the Fold card, which will give you sats-back when you use it to shop.
A Daily Spin incentive system is included in the Fold app, and it refreshes every 24 hours. Log in every day to win Sats and other unique rewards. Who knows, maybe you’ll strike the jackpot and win 1 million Sats.
Sign up for a free Fold account now and get 5,000 sats!
4. Earn cryptocurrency while learning about it
What better method to study while earning free crypto?
Coinbase Earn is a fun, risk-free, and simple way to learn about cryptocurrencies while also earning crypto assets.
To begin, you’ll need to sign up for a free Coinbase account. After your account has been authorized, you may choose from a selection of instructional films to watch.
Choose any crypto projects you’d want to learn more about, then watch a brief movie (1-2 minutes) and take a quiz to see how well you know them.
That is all there is to it. By studying about top and upcoming crypto, you may quickly earn up to $40 in cryptocurrency.
What cryptocurrency will I be able to earn?
Use Coinbase’s quick convert feature under Trade to convert various kinds of cryptocurrencies to BTC to get those free sats:
- Compound words (COMP)
- Dai Dai Dai Dai Dai Da (DAI)
- Luminous Spheres (XLM)
- creator (MKR)
- Zcash is a cryptocurrency (ZEC)
- Token of Basic Attention (BAT)
- 0x (ZRX)
- Orchid is a kind of orchid (OXT)
- NuCypher is a cryptographic software (NU)
- The Diagram (GRT)
- Celo is a character in the film Celo (CGLD)
- Filecoin (Filecoin) is a cryptocurrency (FIL)
- Protocol for Bands (BAND)
- Algorand is a fictional character created by Algorand (ALGO)
- Kyber Network is a telecommunications company based (KNC)
- Tezos Tezos Tezos Tezo (XTZ)
- EOS is an acronym for “electronic (EOS)
Join the Coinbase Earn program.
5. Peer-to-Peer Lending using Bitcoin
If you already have bitcoins, you may put them to good use by lending them out and earning interest.
Bitcoin is a peer-to-peer payment network, meaning it may be sent from one person to another via the Internet. You’re carrying a bank around with you as long as you keep your bitcoin in your own wallet. Decentralization has this advantage.
If you’re creditworthy, obtaining a loan via the conventional banking system may take weeks, if not months.
This bitcoin peer-to-peer lending is a fantastic option for those people, entrepreneurs, or small company owners that struggle to obtain a loan from a bank to finance their companies or projects!
Simultaneously, it enables investors or borrowers like you and me to receive a greater interest rate of 10% on the loans provided.
YouHodler is one of the most trustworthy peer-to-peer loan markets to investigate. You may start with as little as $100 as your first bitcoin investment to see how it works. In average, you may anticipate a return on investment in the form of bitcoins of up to 12 percent. You can read the rest of my YouHodler review here.
If you’re interested in bitcoin lending, you should also look at the top 6 Bitcoin Lending sites to earn income.
IMPORTANT: Always conduct your own due research before giving someone your hard-earned money owing to the uncontrolled and irreversible nature of digital currency and transactions.
6. Earn Bitcoin through Investing
Trading cryptocurrency may be a good fit for you if you have previous trading expertise.
The old adage goes, “Buy cheap, sell high.” It may seem straightforward, but it is everything but. The majority of traders lose money. When you hear someone brag about how much money they earn, they usually remain silent when they lose. As a result, take everything with a grain of salt.
This is often a short-term approach that requires a significant amount of time, expertise, and insider information.
Before you can become a trader, you must first have a thorough understanding of the digital currency, as well as the underlying market concepts and market behavior.
You can either trade on Binance or you can use a social trading platform & copy successful strategies of experienced traders on Shrimpy.
All you have to do is choose an experienced trader to emulate and replicate their trading strategies.
There are no manuals to read, and there are no rules to obey.
You trade when they trade. You gain knowledge by using the experience of other merchants.
7. Referrals are a great way to make money using Bitcoin.
You advertise a business or product that you enjoy, and you get paid when others join up or buy anything through your link.
Promoting bitcoin affiliate programs is a fantastic method to earn some excellent passive money if you already have a blog or website, or if you have a large social media following.
The following is how it works:
- You join a bitcoin affiliate program that you’ve used before or that you trust and believe in.
- Fill up your profile and give your Bitcoin address (where your profits will be sent).
- You will be provided with a unique referral link that will lead people to their website.
- Please share this link with the rest of the globe! You may include the link in a blog post or on your website, send it to your contacts, post it on forums, pin it, or tweet it. Make an effort to be inventive.
- You’ll be paid in bitcoin if someone clicks on your link and buys anything.
To assist you in getting started, below are a few prominent lists of affiliate programs that are trustworthy:
Do you want to learn more about how to earn Bitcoin by referring others? Take a look at my step-by-step tutorial to Bitcoin affiliate marketing.
Accepting Bitcoin as a Form of Payment
Why not join the growing number of companies who accept Bitcoin as a form of payment for their products and services?
It’s straightforward. Purchase a Ledger Nano S and configure the software to accept bitcoin. Simply copy and paste the QR code into your blog or give it to your clients as a payment method.
This will expand your worldwide reach, make payments more safe, and shorten the payment procedure overall. No more providing PayPal your personal information (KYC). Your consumers’ privacy is also protected.
The greatest thing is that once you get the hang of it, it’s very simple. If you have a physical location, all you have to do is place a tiny QR code on your storefront and near your cash register.
Customers may just transfer money to your Ledger at that moment.
Once you start raking in the sats, you may save them up and HODL them, and in a year or two, their buying value may increase.
Offering services in return for bitcoin payments is arguably the best and quickest method to earn a significant quantity of bitcoin.
You may always give a discount to your clients if they pay bitcoin, whether you’re a writer, translation, Youtuber, copywriter, designer, marketing, developer, or engineer.
I’ve hired writers via AngelList and paid them with bitcoin. You may always request to be paid in BTC if you’re seeking to work for a crypto company or secure long-term employment.
Here are some more bitcoin-accepting websites:
9. Getting Paid with Bitcoin
Choosing to get tipped in it is another fast method to earn sats!
Tipping has grown increasingly prevalent in recent years. If someone appreciates your work or is pleased by your service, they will most likely leave you a tip to express their appreciation.
If you have specific skill or understanding in a certain area, for example, you may make a Youtube video and provide your Bitcoin address in the description box. Simply put your Bitcoin address on your website if you run a blog and produce quality material.
So, why not give this technique a shot? All you have to do is reveal your Bitcoin address. You never know who you’ll inspire, assist, or educate.
By assisting others, you may earn Bitcoin tips.
If making videos and producing content isn’t your thing, you can still earn Bitcoin tips by assisting others on BitforTip!
Bitfortip, as the name implies, is a platform that rewards you for being helpful by giving you Bitcoin tips.
It’s a Q&As website where anyone can ask for anything.
People ask all kinds of fascinating queries here, such as “Where can I get the finest cuisine in Shinjuku, Tokyo?” and “Help me discover the title of this song,” among other things.
You will get a bitcoin prize of at least 0.0001 Bitcoin if you provide the best answer.
You may earn bitcoins by downloading applications from the App Store or Google Play.
English, German, French, Chinese, and Japanese are among the 11 foreign languages offered. With Bitfortip, you may earn sats no matter where you are from.
ten. Bitcoin mining
Mining for BTC is very tough today, but it used to be one of the greatest methods to get fresh sats.
There was a time when all you needed was a laptop to mine BTC. Mining now necessitates the purchase of top-of-the-line, specially built chip processors known as ASIC miners.
At the time of writing, each mined block is worth 6.25 BTC. By 2024, it will have dropped to 3.125 BTC.
Bitcoin mining isn’t profitable for individual miners because of the hefty setup costs and very energy-intensive operation.
You may either join Bitcoin mining pools or mining clouds to give yourself a fighting chance.
A Bitcoin mining pool is a group of miners that work together to solve difficult mathematical problems quicker by pooling their computer resources.
A Bitcoin mining cloud is similar, except instead of using the cloud to link their computer power, they use it to connect their computing power. They won’t have to install and operate the hardware and software themselves this way.
In either scenario, the transaction fees paid by the miners, as well as the freshly created currency, are divided among the members of the group.
The better equipment you’ll need to profit as the rivalry becomes more intense. Your profit margin shrinks as you spend more money on equipment. As a consequence, Bitcoin mining is no longer as lucrative as it once was.
Before you start mining, do a lot of research since there are a lot of other methods to make money using Bitcoin. Compass Mining is a good option if you have extra money to invest in mining.
Scams abound in the cloud mining industry. Before investing in any too good to be true scams, please conduct your own investigation.
So there you have it! I hope that this list of the top ten simple methods to get bitcoin will assist you in earning your first bitcoin in no time!
What is your preferred method of earning bitcoin on the internet?
Do you have any bitcoin-earning experience or tips that I didn’t include in this article? Please share your thoughts in the comments section below.
I’m always adding new methods to earn Free Bitcoin to this list (which is why the numbers don’t match the visuals). Save this page for future reference!
Following that, you may read the following articles:
Take a look at my step-by-step tutorial if you want to create your own self-hosted blog. I’ll walk you through all you need to know to establish a profitable blog.
Here’s a selection of the finest blog resources and tools! They help me run, optimize, and expand my blog. I’m certain they’ll assist you in the same way they assisted me.
Bitcoin is one of the most talked-about topics in the world of finance today. Even though it is still in its early stages, it is starting to establish a reputation as a legitimate investment. Today, if you sign up a bitcoin account and deposit some money into it, you can earn a return in the form of a free bitcoin.. Read more about how to earn bitcoin for free legit and let us know what you think.
Frequently Asked Questions
How can I get 1 bitcoin for free?
Is free Bitcoin legit?
No, Bitcoin is not free.
What app gives you free Bitcoin?
There are many apps that give you free Bitcoin, but the most popular one is Coinbase.
This article broadly covered the following related topics:
- free bitcoin
- earn bitcoin
- how to earn bitcoin without investment
- free bitcoin faucet
- free bitcoin earning sites