A decade of building discourse about Bitcoin culminated in an explosion of $19,000 in 2017. After that, it declined for a few more years until it rose again in 2020 and reached a new high in 2021.
In the past, Bitcoin and other digital currencies were thought to be very risky investments best left to experienced traders and crypto enthusiasts. These days, that notion has been somewhat eased as more organizations and governments acknowledge it.
Retail investors increasingly want to get their hands on this lucrative cryptocurrency today. In fact, according to a 2021 study by the University of Chicago, 14% of Americans made Bitcoin investments in the previous year.
Throughout this article, we will discuss a few of the best ways to get Bitcoin for free. These methods might sound too good to be true, but thousands of people have tested and proven them. So let’s take a look at how to get Bitcoin for free.
How Can You Get Bitcoin?
The easiest way to farm free BTC is to use credit cards, but you can also make them through airdrops, referral incentives, playing games, or in trading contests.
The most effective and safest methods of gaining Bitcoin are using tip bots, playing games with Bitcoin prizes, and receiving Bitcoin as part of airdrops. By keeping an eye on Reddit, Telegram, Twitter, and other social media channels, you can stay up to date on airdrops and initial coin offerings (ICOs).
Some individuals attempt to swindle and deceive others, but you can also look for the true idea by participating in small contests and prize giveaways.
Is It Profitable to Acquire Bitcoin Online?
The response to this question will be very variable based on your financial objectives and the amount of risk.
Because they have more time to wait out the market, youthful investors often take on riskier assets, while older investors are often more cautious.
Financial advisers refer to cryptocurrencies as speculative assets because of their continued market volatility, making them exceedingly hazardous but potentially lucrative investments. They advise just investing a tiny amount of your wealth in Bitcoin because of this.
Consult an expert before making any financial decisions so they can provide you with individualized guidance and direction on how to proceed. It’s evident that Bitcoin is more widely used than ever and will be around for a while.
What Are the Main Methods to Get Free Bitcoins?
1. Shopping Benefits
It is possible to get back Bitcoin from Lolli, a browser add-on for web browsers when you make a purchase with one of its retail partners. When you shop online, it gives you discounts and cashback, similar to Honey or Rakuten. The Lolli scheme pays you when you use conventional money to make online purchases instead of cryptocurrency.
There are several retailers on Lolli, including Nike and Malaysia Airlines. Rewards might range from 1% to 30% Bitcoin back, depending on the store and goods. After winning rewards, you can transfer them to your cryptocurrency wallet or exchange account.
2. Credit Cards
Similar to other rewards credit cards, Bitcoin credit cards operate by rewarding you with cryptocurrency every time you make a purchase rather than cash back or points. As a result, these cards will help you more easily bolster your cryptocurrency portfolio, even though we adore essential cashback rewards (and you can always purchase cryptocurrency with your cashback bonuses).
Gemini, other exchanges, and fintech firms like BlockFi and Upgrade have offered credit cards with Bitcoin benefits. These cards’ reward categories are comparable to several common cashback credit card categories. For instance, the BlockFi Credit Card offers a flat 1.5% Bitcoin rebate on every transaction you make after providing a 3.5% rebate for the first 90 days after account activation.
Each of these cards offers distinct redemption values in addition to varied reward rates. While BlockFi offers rewards in Bitcoin, and other methods restrict your winnings to a specific group of altcoins, the Gemini card gives you the flexibility to pick any cryptocurrency you want to redeem prizes in.
Like with other credit cards, the benefits you get from these cards are only worthwhile if you keep your interest rates low. So make sure you only charge what you can afford to pay off in whole and on time each month, without carrying a debt burden, if you use a card to receive cryptocurrency incentives.
3. Interest on Bitcoin
With platforms like Vauld, customers can anticipate seeing their Bitcoin grow over time and at a faster rate than they would with a regular bank.
You start getting a savings rate depending on the tokens you’ve invested as soon as you make your first deposit. A savings rate of 4.60% is currently available on Bitcoin, while a 9.41% savings rate is available on DAI, another cryptocurrency.
Among the finest aspects of this account is that interest is calculated daily and disbursed on a weekly basis. Moreover, unlike other exchanges, the exchange does not charge withdrawal fees.
4. Fixed Deposit
Choose a cryptocurrency exchange offering fixed deposit rates to get the best investment returns.
You can get basic income from these platforms by temporarily locking your money in a fixed deposit.
Vauld offers additional returns depending on the token beyond the 2-3% on a fixed deposit. With this method, you can obtain free BTC by depositing Bitcoins. You’ll need to choose your storage method after you’ve decided how to get free Bitcoins.
5. Tipping Bots for Free Bitcoin
To get free Bitcoin in 2022, tipping bots will be the most practical approach. These bots can be found on several social media platforms, including Telegram, Twitter, and others.
Additionally, some bots may produce currencies other than Bitcoin. However, you can exchange your profits for BTC through various exchanges and trading sites. The Reddit tipping bots Tipper, TipJar Bot, and SpicesBot on Telegram are well-known.
Getting customers to tip you via these bots and sites is also challenging. Reddit social discussions may increase your benefits if you participate with expertise and insights. The key to success is getting noticed on social media. The money you make can also tip others, spreading wealth and attracting more people to Bitcoin.
6. Getting Free Bitcoins Through Bounties
A special website called Bitcoinbounties.org collects Bitcoin-related bounties, most of which are associated with coding and other technical activities. Even though specific Bitcoin jobs may not be available to everyone, users may routinely get up to 1 BTC for completing them. These rewards act as an incentive for people who are enthusiastic about coding and want to learn more about how Bitcoin works.
Other platforms, such as Bounty0x, enable users to contribute to a more extensive ecosystem and be compensated. For example, on The Bounty0x, several bounties are available, although not all of them pay out in Bitcoin. However, you can do so very quickly if you want to convert another currency into Bitcoin.
Even if certain projects have often mistreated crypto reward systems in the past, they are still applicable today. On the official Coinbase or Ethereum websites, interested cryptocurrency bounty seekers may locate trustworthy reward initiatives.
7. Get Paid in Bitcoins
Establishing a contract with your employer to accept Bitcoin payment is another handy approach to getting Bitcoins. Simply open a free account with an exchange (like Vauld) to give you a convenient place to keep money and receive tokens when your company provides them.
Volatility is a crucial factor to take into account while accepting payment in Bitcoin. The rate you get will change, which may or may not be advantageous. Your pay will also fall if the value of BTC does.
In theory, your money’s worth rises, and you make more money than you otherwise would if you were paid in fiat money. The truth, however, is that you are more likely to receive a return on investment, and success depends on learning how to take care of your investment.
Regardless of the BTC price at the time, you may always get more by storing your revenue with such platforms.
8. Win Bitcoins With Online Casinos
As online gambling grows in popularity, casinos are constantly looking for ways to keep their customers interested. As a result, online casinos are offering Bitcoin gambling as the latest trend.
Bitcoin and cryptocurrency gambling allows players to play provably fair games, receive exciting bonuses, and make deposits and withdrawals quickly. The convenience of online slots dramatically surpasses those of traditional casino games in this new form of gambling. You can play some of the most exciting casino games at thousands of crypto casinos.
9. Obtain Bitcoins From Crypto Airdrops
Free cryptocurrency is most commonly obtained through airdrops. When they aim to increase the adoption of their new coin, developers do airdrops. Simply put, they distribute coins in an effort to increase acceptance.
You may check online to see when airdrop efforts are taking place; these initiatives are often advertised on the business’ website and by users on social media and on a few cryptocurrency news websites. If you meet the requirements, the creators often transfer the required number of coins directly to your digital wallet address.
It’s crucial to exercise caution while working on new cryptocurrency ventures. Initial coin offers (ICOs) and fake airdrops are two famous frauds perpetrated by hackers. Even when they are genuine, many of the coins sent by airdrops could be better value stores for investments. For novices, in particular, experts advise sticking with the two most popular cryptocurrencies, Bitcoin and Ethereum. If you take that advice, then skip the airdrops.
Any cryptocurrency you get via airdrops is taxed as well. Based on its fair market worth as of the day it was recorded on the distributed ledger, you will be in charge of reporting it as such.
10. Affiliates and Referral Sites
If you own a website, Bitcoin affiliate programs—also known as referral programs or partner programs—are a terrific way to make passive revenue (or anything else on the web that attracts visitors).
You will be compensated if you prefer paying consumers for services with an active affiliate program. It operates as follows:
- You enroll in the affiliate program for the service.
- The service provides you with a unique URL that directs you to their website.
- You tweet the link or publish the URL on your own website, Facebook, forum signature, etc.
- When someone uses your referral link to access the service’s website, they buy something.
- A commission is paid to you for the sale.
The more people you recommend, the greater your chance of getting good money is. In order to make any kind of substantial income with affiliate networks, you must acquire internet traffic.
Some cryptocurrency exchanges reward users for utilizing their services with sign-up or referral incentives. For instance, the exchange presently gives a $10 incentive to you and your referrer when they open an account and make at least $100 in trades. In addition, a prior Coinbase sign-up bonus gave $5 to new users to invest in cryptocurrencies, and the latter now offers the same to you.
Pay close attention to the conditions of these bonuses. You may have to fill out more forms or take other steps to get these benefits. However, if you’re a beginner, keep an eye on the exchanges you’re considering to see if they offer a sign-up bonus or referral for other friends who may be interested. Assuming that you already have an account with an exchange, most of these offers need to be more worthwhile to justify signing up for a new one.
11. By Watching Ads
Using the Brave browser is a somewhat different method of “mining” Bitcoin. Instead of putting a strain on a computer’s power supply, it calls on you to click on advertising that is shown via browser alerts.
Users may get BAT tokens by clicking on these adverts, which can later be converted into Bitcoin. In addition, the Brave browser is accessible on both PCs and mobile devices, making it a frictionless method to become engaged with cryptocurrencies.
12. Use Free Cloud Mining Sites
New Bitcoins enter the market when they are mined. Since no central cryptocurrency organization can produce tokens, the public does so in return for Bitcoins.
The first piece of mining equipment to solve a challenging arithmetic problem receives Bitcoins. Bitcoin miners utilize sophisticated technology to tackle these issues. However, remember that this technique can only be used if you have the right tools, even though the numbers are against those trying to make money.
Many miners join a network of others, known as a mining pool, to boost their chances of success. Each member receives a portion of the Bitcoin reward if the pool is successful.
Free Cloud Mining Process
Before committing any funds to a cloud mining service, starting with a free platform would be prudent. Due to the fact that they do not impose maintenance or lease costs, these platforms are free. However, you may have to pay the host a portion of your cloud mining profits.
Cloud mining services are available for free on several sites. Each platform will have its own set of rules based on its own regulations. You’ll find many websites touting their services and knowledge if you search for “free Bitcoin cloud mining websites.” Among them is RollerCoin.
Here are the steps to use RollerCoin to mine Bitcoin for free as a taster.
- Visit Rollercoin.com
With RollerCoin, you can mine Bitcoin against your friends without buying any expensive graphics cards or computers.
- Sign up
Using your email address or Facebook account, you can sign up quickly and start mining right away.
- Customize your character
There are many ways to do it, whether you want it to look pretty, funny, or like you or a friend. Don’t limit your imagination!
- Play games
Minigames, side quests, and assignments can help you improve your mining strength. The strength of your miner will increase your mining pool share.
- Buy miners
Having more miners will allow you to mine more coins as a result.
- Deal with real-life obstacles and mine real Bitcoins
As you mine Bitcoins, you will need to keep an eye on Bitcoin exchange rates, decide which coin is more profitable to mine, and recharge your mining equipment. A genuine miner won’t be stopped by it, we’re sure!
- Build a mining facility
You can play minigames, complete quests, and accomplish other tasks as you level up. Your data center will become a super miner once it reaches a satisfactory level.
The minimum requirement to start mining Bitcoin:
- Operating system: Windows 7/8.x/10, Mac OS X, Linux
- Upload: 5 GB/day (150 GB/month)
- Memory (RAM): 1 GB
- Download: 500 MB/day (15 GB/month)*
- System: Desktop/Laptop
- Disk space: 350 GB
13. Through Microtasks
It can seem impossible to get free Bitcoins, but it’s possible if you know where to seek and how to go. So then, even though it often requires work, you finally get Bitcoins without spending any kind of fiat money.
Consider Bitcoin faucets, for instance. These applications and websites give out satoshis for simple activities like solving captchas or viewing advertising.
The word “faucet” refers to how slowly and in very tiny quantities this mechanism distributes cryptocurrency, like a faucet dripping water. Your ability to win satoshis totally depends on the faucet you choose.
14. Win Bitcoins Through Faucets
The most detailed description of a cryptocurrency faucet describes it as a website, app, or platform that enables users to receive free cryptocurrency incentives. Users are required to execute short activities throughout the day, such as playing games, solving riddles, or inputting captcha information.
Through a revenue-sharing arbitrage model, cryptocurrency faucet websites make money from many activities. For instance, cryptocurrency faucets may send users to ad networks and make money from such networks. The users of crypto faucets might then get a certain portion of the money in the form of cryptocurrency incentives.
However, you should also be aware that cryptocurrency faucets provide relatively small cryptocurrency returns. On the other hand, users may subsequently redeem the little cryptocurrency prizes that eventually add up to a respectable amount.
15. Testing Apps and Services
By experimenting with new software, goods, and services, users may get free Bitcoins through programs like Storm Play. The same is true for microtasks such as machine learning or QA testing, in which you can win BTC.
16. Crypto Trading or Simulating Crypto Trading
By correctly predicting the price of Bitcoin on exchanges, you can win free Bitcoins using cryptocurrency market prediction apps. Based on forecasts, you make money. Examples are Spark Profit for iOS and Android. As you play, you accumulate points that you can later cash out.
- By simulating markets and learning to trade digital assets, these games allow you to get free cryptocurrency. Following instructions, you can practice or participate in competitions to win free BTC. In this, Altcoin Fantasy is very well-liked. You can learn by trading fictitious money and winning free Bitcoin in competitions. Prizes totaling more than $25,000 have been given out.
- With Bitcoin Flip, you can practice trading fundamentals while using charts and trading tools and then compare your strategies to those of other users.
Here are some tools you should know about:
- Bitgur: for cryptocurrency exchange and other statistical analysis.
- Finder.com: Find several crypto and Bitcoin forecasts and detailed crypto reviews.
- Fxstreet: uses charts and trading signals to analyze cryptos and their prices.
- Walletinvestor: Receive crypto price predictions every 3 and 6 minutes, plus bi-weekly, 1-year, and 5-year forecasts.
- TradingBeasts: Get a monthly crypto price forecast.
- Longforecast: provides monthly estimated opening, maximum, minimum, average, closing, and percentage price changes.
Even if we have not covered all the ways to get free Bitcoin here, using them will undoubtedly enable you to do so. While some platforms are more secure than others, you can always depend on Binance and CoinMarketCap to learn about trustworthy sites. However, doing your homework before investing time and energy into a platform is always wise.