How do you get into Bitcoin? Where can you get it from? How much do you need to invest? These are all valid questions that people ask when wanting to own Bitcoin. What a lot of people don’t know is that there are ways to get your hands on Bitcoin for free! This article is a shortened version of our Free Bitcoins guide, which goes into detail about a lot of these topics.
The advantage of cryptocurrency over local currencies is that it can be earned from anywhere in the world through a multitude of different ways. Just by searching the internet you will find various ways in which to acquire free Bitcoin. We’ve distilled these options into 4 of the quickest and most rewarding ways to earn free Bitcoin.
Following the launch of Bitcoin, faucets were developed as an avenue to educate possible investors on how to use Bitcoin, as well as how to store and keep them safe. Faucets are essentially a reward system that allows visitors to perform tasks or complete a captcha to be rewarded with small amounts of Satoshi, the smallest Bitcoin denomination.
Often these Faucets reward larger payments, in the same random way as a lottery or raffle.
These Faucets are often pegged onto an existing business, typically a Bitcoin casino (although not always). This allows the casino to provide a player with a risk-free way to bet and experience the platform – and with the potential to earn more free Bitcoin if lady luck is on the player’s side! Once a player has become used to the level of play and anonymity that comes with Bitcoin gambling, they are sure to continue to use cryptocurrency.
Quite a few cryptocurrencies have a tipping platform which allows for peer to peer tipping. Should you want to earn Cryptocurrency in this fashion, you would have to engage with a platform that enables Bitcoin tipping and begin helping others in the hope of earning tips. Once you receive a tip, you would typically need to create an account on the tipping platform to redeem the Bitcoin.
The Brain Browser, which will be launched in Q4 of 2018 will allow users to tip their favorite personalities. This platform allows for tweet readers to like a Tweet and tip the Tweeter, usually a celebrity, in Basic Attention Token (BAT). The user then can go on to advertise that they sent a tip, with the receiver then being able to convert their earned BAT into Bitcoin.
BAT is just one example and revolves around digital “attention”. Advertisers pay a platform to host an advert where there are pooled audiences who will pay attention to or tip the ad and in turn earn money.
Peepeth, the Ethereum version of Twitter has a large population of tippers on their site. This works exactly like tipping on other social media, and you can even cross post to Twitter.
No Deposit Bonuses are one of the most lucrative (but also high-risk) ways to earn free Bitcoin currently. With the massive industry that is the Bitcoin casino market, more and more gamblers, whether Bitcoin users or not, are signing up to claim the No Deposit Bonus that many casino’s offer.
The casino’s also go on to offer 1st, 2nd, 3rd and often 4th deposit bonuses where they will either meet or exceed your deposit in the form of free credits. The other bonus deposits can earn you from 25 – 75% of your original deposit. These bonuses require a deposit, and therefore a user must already own Bitcoin before attempting to earn more for free.
This has become the most popular way for the broader community to earn free Bitcoin and it seems to be gaining momentum as we see the online casino industry mushrooming at a rapd rate.
Not the quickest option, but a reliable one. Skilled users can earn Bitcoin for free by offering their services online. There are now official sites to seek out jobs that pay in Bitcoin. A new concept in the marketplace that will be sure to see massive growth in the future. Regardless of whether your business is brick and mortar or online, you are able to earn Bitcoin for your efforts.
All you need to start receiving payment in Bitcoin is to open a Bitcoin Wallet. There are many out there to choose from. You need to include your QR code on your invoice, or next to your checkout point if you own a physical address type business. Bitcoin users will have an app on their smartphones where they will be able to enter your wallet’s address and the amount before sending a transfer – often taking just a few minutes to complete.
There are a few sites that offer freelance jobs in return for Bitcoin payment. Sites like Cryptogrind, XBTFreelancer and the /r/bitcoin subreddit are currently the best sites for earning Bitcoin through freelance work.
Ethlance is an Ether cryptocurrency paying site. Here you are able to earn Ethereum, and it works in the same way as the traditional freelance websites that you may be used to.
While none of these methods of earning free Bitcoin is likely to make you a millionaire overnight, it is a sure way to get into the market and start accumulating a wallet of Bitcoin. It is also a way to learn how to store the currency and manage your own wallet, which will come in handy if you intend to embrace this digital currency. You will also have the opportunity to get to familiarize yourself with sending/receiving transactions and interacting with like-minded peers.
This will provide a solid foundation for future trading and investment when you are using your own money to buy Bitcoin.
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