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CoinSutra » Bitcoin » The 7 Most Popular Ways To Earn Bitcoin for Free

Bitcoin has been on a bull run since its inception.

Of course, I am not ignoring its bearish days, but overall it has been bullish. This is evident from this Google Trends chart:

And let’s not forget that Bitcoin recently surpassed $9,800!

I am not the least bit surprised by this crazy run because the concept of truly decentralized, borderless, and uncensored digital money is revolutionary and worthy of this attention. Now more than ever, people around the world have started appreciating Bitcoin’s power.

Also for the citizens of some countries like Argentina, Venezuela, Zimbabwe, and Greece, the idea of having a currency that increases their purchasing power is unique and exciting.

Having learned this fact more and more, people are joining the realm of Bitcoin each and every day.

Some ways of getting Bitcoin are better than other ways, while some are even worse than scams. That’s why today, we’re going to discuss some of the legit and low-entry barrier ways to earn Bitcoin.

Top 6 Working Ways To Earn Bitcoin

1. CoinTiply

Cointiply is a Bitcoin rewards website to earn free bitcoin. Cointiply gives you tasks that could be done by anyone, and for every completed tasks, you end up accumulating bitcoin.

This a completely free website, and once you are registered, you can find lot of quizzes, surveys and other tasks tailored to your age, and location.

2. Get Bitcoin from One of these websites:

These are some of the most trusted websites to get Bitcoin. The best part is, they provide you with a Bitcoin wallet address and you can store or spend Bitcoin from these wallets directly.

I personally a big fan of CEX as they provide an excellent mobile app for Android and iOS. You can quickly get Bitcoin of any amount of your choice.

3. Shop and earn free Bitcoins

This is by far one of the fastest ways you can earn free bitcoin when you spend money online. Using Lolli which is a crypto reward app, you can earn Bitcoins for your usual online spend.

Lolli supports all major online retail shop and this is something you and your family can use on a usual basis and accumulate a decent amount of Bitcoins over time.

To get started, here is what you need to do:

  • Head over to Lolli Website
  • Create a free account
  • Download the chrome extension
  • Now, whenever you are shopping online on any of the 500+ partner stores, you will earn free Bitcoins.

I have been using Lolli for a while, and here is what I have earned in Bitcoin:

Lolli is more like one-time setup. Over time, you will be able to accumulate a decent amount of Bitcoins via this trick.

Other similar apps are:

4. Work For Bitcoin

Working for Bitcoin is one of the easiest and most legit ways to earn it.

Whether you are an engineer, designer, writer, singer, translator, editor, internet marketer, freelancer, or developer, you can start working for Bitcoin right now.

There are numerous platforms and websites that offer you bitcoins in exchange for your service.

Some of these platforms are:

5. Earning Bitcoin From Trading

Another legit and cost-effective way of earning bitcoins is through trading.

The idea is simple, but it takes a lot of awareness and analysis to be successful at this.

In this method, the basic concept is about diversifying and investing in various cryptocurrencies when they are cheap in price and then selling them when there is a significant price spike.

When you do this, you earn Satoshi by selling them for profit, and hence, earn more BTCs.

I myself have done this many times, and it works quite well in terms of ROI, but this not an investment pitch or advice… DIY (Do It Yourself) and DYOR (Do Your Own Research).

You can simply start by following and closely monitoring your favorite cryptos, and start buying them from various exchanges. Some of the best cryptocurrency exchanges that we suggest you buy from are listed below.

On these exchanges, you will also find almost all altcoins:

Note: This list of exchanges starts with some of the easiest to use exchanges for newbies and moves toward some of the most advanced exchanges for advanced users.

6. Earn BTC By Lending

There is a saying – “You should put your money to work.”

So if you are already HODLing Bitcoin, you can put your money to work and earn some profit on it by lending it out. There are many peer-to-peer Bitcoin lending platforms that allow you to do this while giving you a decent 3%-8% return on your investment in the form of bitcoins.

Blockfi is one such website that has been around for a while. I have already done a detailed write up on such Bitcoin P2P lending platforms.

But a word of caution: This space of lending is highly unregulated, so diligently choose the borrower to whom you want to lend your Bitcoin and strictly adhere to the platform policies to make sure you get your returns back.

7. Earn Bitcoin By Helping People

Update: This is not as effective as of now. Do try above 5 which works the best to earn Bitcoin.

This is quite a revolutionary way of earning bitcoins if you are good at offline/online research.

Bitfortip is a mobile and desktop platform that pays you for being helpful by giving you Bitcoin tips.

Their tagline is -“Tip Bitcoins as an incentive. Earn Bitcoins for being helpful.”

On this platform, anyone can ask for anything, and the answer provider gets Bitcoin tips in exchange for their answer.

For example, if I want to know where I can buy a pink, Persian cat in India, I can give a Bitcoin tip to whoever provides me with an answer

One thing which I really like about their platform is that they are available in 11 international languages. This provides a low-entry barrier for many people around the world.

See this example of a question asked:

And check out their official video:

Easy Ways Of Earning Bitcoin

So with this, I will end my write-up here.

But before I go, I want to address one thing:

Why didn’t I talk about Bitcoin gambling or mining on this list?

I haven’t included these things because gambling isn’t legit and mining is now out of the reach of commoners due to huge mining farms and ASICs.

That said, if you want to get involved in mining, then you can join a cloud mining service like Genesis mining or Hashflare, or buy an ASIC from Bitmain.

Now it’s time to hear from you: Which method you are using to earn more bitcoins? How has your experience been? Did I miss any more super easy and effective ways to earn bitcoins? Do let me know your thoughts in the comments section below!

Here are a few hand-picked articles that you should read next:

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An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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HOW TO EARN FREE BITCOIN 2020?

It’s easy! Sign up on websites that give away bitcoins. My go-to favorite to earn free bitcoin fast is Freebitco.in and here’s why:
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THE BEST WAYS TO EARN FREE BITCOIN FAST IN 2020

While there’s no miracle solution to make you a millionaire overnight, I’ll tell you how to earn free BTC with the different methods below.

And you’ll be able to stack the open-source peer to peer crypto-currency. Even if you don’t have anything to invest, like me, and no matter the worth of bitcoins.

How to get free bitcoins fast?

First of all, there’s no easy way to earn free bitcoins instantly.

So if you want to know how to get a lot of bitcoin for free, you’ll have to put in work, every day, to build your wealth. Because if you’re not spending fiat, you’ll spend time completing simple tasks or exchange your personal data.

Basically, you’re to bring something to monetize to the table, in exchange for these free BTC.

And that’s why you should be on the lookout when someone offers 1 free bitcoin. If it’s too good to be true, it probably is…

You should NEVER be required to share your private keys. If you’re in this kind of situation, do not share your keys and report it to the community. Because it’s a scam. The risk is for you to lose everything you’ve earned.

But enough with the introduction: Let’s see how get free bitcoin fast!

And as a side note, other cryptos are available, like bitcoin cash, ethereum, and litecoin, to name but a few. So if I find good ways to earn other tokens or coins, I’ll let you know. And you can build your portfolio. Maybe you’ll become a millionaire with an altcoin. Who knows?

Grinding to earn 1 free bitcoin

Satoshi by satoshi

METHOD 1: FAUCETS

This is the easiest way to earn bitcoin online. Because you don’t need any knowledge in crypto or to be tech-savvy to start stacking sats. If you have an email address and some spare time you’re good to go!

This is how it works:

You register, you claim satoshis, by solving a captcha and clicking on a button. And you receive a small amount of bitcoins to your balance. But you can’t claim whenever you want: You have to wait a certain interval of time between each claim (usually 15, 30 or 60 minutes). So, switch from one site to the next and claim more often to increase your balance faster.

That’s free money! And that’s why everyone is looking for the highest paying bitcoin faucet.

Also, there’s no catch here. Because they’re making money with advertising. And then redistribute a share of their earnings with you.

Withdraw everything to a bitcoin address after you reach the minimum withdrawal amount.

I have tried and reviewed many platforms out there. And I’m still using most of the ones I recommend on a regular basis, earning as often as possible. My goal is to grind to earn 1 bitcoin free.

Here are my favorite ones:

METHOD 2: GAMES

How to earn bitcoin fast while having fun?

Maybe you’re a gamer. And you enjoy spending hours in front of your computer, playing video-games. Good news: Some browser games give you small amounts of bitcoin for playing! Once you find a game you like, you can increase your wealth and have fun while doing so.

While it may be less boring than watching ads or videos, the bitcoin rewards are about the same. So you’ll be rewarded free satoshis for your effort. And you’ll be able to monetize what you like.

Here are the ones with the nicest payouts:

METHOD 3: INTEREST ACCOUNTS

You can easily earn compound interest on your bitcoin – providing you already have some. All you need to do is to create an account and store your cryptocoins. Make sure you understand the risks/rewards before committing!

And then your money will work for you!

Some bitcoin interest accounts require an initial deposit. The minimum amount varies. While you can start with a few thousand sats, some require a significant amount. So, this solution is not for everyone.

If you’re a faucet user, I’d recommend enabling interests as soon as you reach the minimum balance.

Here are the sites I recommend:

  1. BlockFi (NO minimum balance / annual rate: 6.2%* / payments: monthly) – Learn more in my BlockFi review
  2. Celsius.network (NO minimum balance / annual rate: 3.9%* / payments: weekly) – Check it out in my Celsius Network review
  3. Freebitco.in (minimum balance: 0.0003 BTC / annual rate: 4.08%* / payments: daily)
  4. Cointiply (minimum balance: 35,000 Coins / annual rate: 5%* / payments: weekly)

* rates vary all the time, check the current rates on the websites.

METHOD 4: CASH-BACKS

This one’s great because you don’t need any skill to earn free bitcoin. Simply shop online and get cash-backs in bitcoin! This system has existed for years. But it’s just the beginning in crypto.

The only platform offering bitcoin cash-backs today is Lolli.

Lolli requires a browser extension (for Chrome, Firefox, and Safari). It’s not intrusive. And when you click on the icon, you can check your BTC balance. When you visit an eCommerce, a notification pops up. And you click to activate your reward.

But it’s not available worldwide yet. You should be in the US to be eligible… While you may be able to use a VPN to emulate your location in the US, I’m not sure it’s reliable – I haven’t tried that.

METHOD 5: PAID-TO-CLICK SITES

I’m sure that you’ve already guessed what this is all about: You click or you watch videos and you get paid in bitcoin.

This business model has been thriving with digital currencies. Because people from anywhere in the world share these assets. And from their home, like you, they can share a piece of the crypto-cake.

These PTC sites are middlemen between advertisers and users. And part of the money advertisers spends to display their ads is sent to the users who are watching these ads. When you watch an ad or visit a web page, these platforms will reward you. And you’ll get a few satoshis – anybody can do that. So why not you?

Here are my favorite ones:

METHOD 6: GAMBLING

How to get bitcoins fast with another kind of game? Beware: This method can be really addictive. And you should always gamble only what you can afford to lose.

This is not my favorite method, because some casinos require a deposit first. And I don’t want to pay for anything…

Anyway, if you’re ready to try your luck, you can register on gambling sites. And some of them grant sign-up bonuses to new members. The idea is to use and bet with this welcome bonus. And to try to win more! Because gambling doesn’t require many skills, mostly luck. These are chance-based games, like slots or the lottery.

While you can get more bitcoins for free with this method, it’s much riskier. So avoid to take more risk than necessary, or you could end up losing both your deposit and the BTC you’ve won… This is how to get free bitcoins instantly. But also how to lose them right back!

Here are some of the best ones:

METHOD 7: MINING

If you’ve already looked into mining, chances are that you gave up before starting. Because most people out there agree that you can’t make a living with mining anymore. First, you need to invest in a rig. Second, your electricity bill will go through the roof. Third, Chinese miners control the market…

But this method is super easy – it won’t cost you a cent. And you’ll make a few satoshis.

Most miners are scammy. That’s why I have only this one solution to offer. Because this one delivered – meaning I could withdraw what I mined.

Here’s how it works: You install a lightweight browser designed to use the power of your computer to mine! So you can browse the web and earn BTC. The software is developed on Chrome and you can easily import all your data. It’s a user-friendly browser with high mining speed.

FREE BTC: GETTING STARTED

I’m sure you’re eager to stack sats. But it can be a little scary to do it on your own. Because you want to make sure your hard-earned amounts of bitcoin are safely stored. And that you’ll be able to withdraw your earnings when you want.

That’s why I prepared this very simple step-by-step guide to put you in the best conditions.

1. Get a bitcoin wallet

On most platforms, a wallet is not necessary. But that means that your BTC will be stored on the platform. And you won’t have private keys. Or in other terms: these bitcoins are not yours yet. That’s why you should get yourself a safe crypto wallet to be able to receive and store your earnings.

You shouldn’t use a wallet from one of the cryptocurrency exchanges either. For the same reason.

My recommendation is for you to get Trezor, a handy hardware wallet. It’s my favorite and I’ve been using it for years now, without any problems. They offer two models. Both of them accept not only BTC but many other coins like ETH, XRP, LTC, BCH, etc.

And when you reach the withdrawing limit on a platform, you should withdraw your assets.

That’s the only way to make sure they’re really yours!

2. Sign up everywhere

As a rule, sites make it easy for new people to register, if you speak English and are literate. You’ll have to fill out a form with your login credentials (email and password) and a wallet address. Maybe you’ll have to verify your email by clicking on the link received by email. And that’s about it.

So, take my list above and sign up for all of them!

3. Get to work

Finally, you click, watch, play, complete offers or any other activity that will allow you to get free BTC.

Some of these tasks are time-consuming and you’ll need to spend hours to increase your balance. But others require only a few seconds. In this case, I’d recommend you to start a routine to visit them regularly: The more often the better. Maybe twice a day at a minimum: In the morning and in the evening.

You could finally refer your friends to try these solutions. Indeed, most of them offer a referral program (or sometimes affiliate programs). And every time one of your friends sign up with your affiliate link and claim or play, you’ll get a commission or reward points!

How does the Blockchain Work? (Part 1)

A simple and easy explanation

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If you really want to get into the blockchain and cryptocurrency world, I would highly recommend that you start your journey by reading these two white papers:

and then read them again….and again…

If you’re like many people asking questions like: “I have an idea and I want to know if my project is suitable for a blockchain”. — read these two papers, plus this one –

“I’m looking for investments and I want to know if this token or that token will go up in value” — read these two papers.

I wish you all the best on your journey….and here we go.

How does the Blockchain Work?

Well here is a simple explanation that cuts through the hype.

Blockchain is a hot topic around the world these days, yet for many, the technology remains an elusive concept. Yet it shouldn’t, the concept is simple once you get your head around the architecture and theory of basic crypto economics. When you do have your “a Ha” moment, the world will never seem the same to you again.

This blockchain basics guide is designed to deliver a clear, non-technical introduction to one of the most transformational & misunderstood technologies of our time. If you want to know what blockchain technology is, how it works, and it’s potential impacts, without all the technical lingo, then this post is for you.

A short History of Transacting Money

Historically, when it comes to transacting money or anything of value, people and businesses have relied heavily on intermediaries like banks and governments to ensure trust and certainty.[1] Middlemen perform a range of important tasks that help build trust into the transactional process like authentication & record keeping.[2]

The need for intermediaries is especially acute when making a digital transaction. Because digital assets like money, stocks & intellectual property, are essentially files, they are incredibly easy to reproduce. This creates what’s known as the double spending problem (the act of spending the same unit of value more than once) which until now has prevented the peer to peer transfer of digital assets.[3]

But what if there was a way of conducting digital transactions without a third party intermediary? Well, a new technology exists today that makes this possible. But before we dive into the mechanics of this revolutionary technology, it’s important to provide a little context.

Blockchain Vs Bitcoin — What’s the connection?

Bitcoin first appeared in a 2008 white paper authored by a person, or persons using the pseudonym Satoshi Nakamoto. The white paper detailed an innovative peer to peer electronic cash system called Bitcoin that enabled online payments to be transferred directly, without an intermediary.[4]

While the proposed bitcoin payment system was exciting and innovative, it was the mechanics of how it worked that was truly revolutionary. Shortly after the white paper’s release, it became evident that the main technical innovation was not the digital currency itself but the technology that lay behind it, known today as blockchain.

Although commonly associated with Bitcoin, blockchain technology has many other applications. Bitcoin is merely the first and most well-known uses. In fact, Bitcoin is only one of about seven hundred applications that use the blockchain operating system today.[5]

“[Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one.” [ 6 ] — Sally Davies, FT Technology Reporter

One example of the evolution and broad application of blockchain, beyond digital currency, is the development of the Ethereum public blockchain, which is providing a way to execute peer to peer contracts.[7]

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What’s under the blockchain hood?

Simply put, a blockchain is a type of distributed ledger or decentralized database that keeps continuously updated digital records of who owns what. Rather than having a central administrator like a traditional database, (think banks, governments & accountants), a distributed ledger has a network of replicated databases, synchronized via the internet and visible to anyone within the network.[8] Blockchain networks can be private with restricted membership similar to an intranet, or public, like the Internet, accessible to any person in the world.[9] [10]

When a digital transaction is carried out, it is grouped together in a cryptographically protected block with other transactions that have occurred in the last 10 minutes and sent out to the entire network. Miners (members in the network with high levels of computing power) then compete to validate the transactions by solving complex coded problems.[11] The first miner to solve the problems and validate the block receives a reward. (In the Bitcoin Blockchain network, for example, a miner would receive Bitcoins).

The validated block of transactions is then timestamped and added to a chain in a linear, chronological order. New blocks of validated transactions are linked to older blocks, making a chain of blocks that show every transaction made in the history of that blockchain.[12] The entire chain is continually updated so that every ledger in the network is the same, giving each member the ability to prove who owns what at any given time.

“A blockchain is a magic computer that anyone can upload programs to and leave the programs to self-execute, where the current and all previous states of every program are always publicly visible, and which carries a very strong crypto economically secured guarantee that programs running on the chain will continue to execute in exactly the way that the blockchain protocol specifies.” — Vitalik Buterin

Blockchain’s decentralized, open & cryptographic nature allow people to trust each other and transact peer to peer, making the need for intermediaries obsolete. This also brings unprecedented security benefits. Hacking attacks that commonly impact large centralized intermediaries like banks would be virtually impossible to pull off on the blockchain. For example — if someone wanted to hack into a particular block in a blockchain, a hacker would not only need to hack into that specific block, but all of the proceeding blocks going back the entire history of that blockchain. And they would need to do it on every ledger in the network, which could be millions, simultaneously.[13]

Will the blockchain transform the Internet & the global economy?

Make no mistake about it. Blockchain is a highly disruptive technology that promises to change the world as we know it. The technology is not only shifting the way we use the Internet, but it is also revolutionizing the global economy.[14]

By enabling the digitization of assets, blockchain is driving a fundamental shift from the Internet of information, where we can instantly view, exchange and communicate information to the Internet of value, where we can instantly exchange assets.[15] A new global economy of immediate value transfer is on its way, where big intermediaries no longer play a major role. An economy where trust is established not by central intermediaries but through consensus and complex computer code.[16]

“The technology likely to have the greatest impact on the next few decades has arrived. And it’s not social media. It’s not big data. It’s not robotics. It’s not even AI. You’ll be surprised to learn that it’s the underlying technology of digital currencies like Bitcoin. It’s called the blockchain.” — Don Tapscott

Blockchain has applications that go way beyond obvious things like digital currencies and money transfers. From electronic voting, smart contracts & digitally recorded property assets to patient health records management and proof of ownership for digital content.

Blockchain will profoundly disrupt hundreds of industries that rely on intermediaries, including banking, finance, academia, real estate, insurance, legal, health care and the public sector — amongst many others.[17] This will result in job losses and the complete transformation of entire industries. But overall, the elimination of intermediaries brings mostly positive benefits. Banks & governments for example, often impede the free flow of business because of the time it takes to process transactions and regulatory requirements. The blockchain will enable an increased amount of people and businesses to trade much more frequently and efficiently, significantly boosting local and international trade. Blockchain technology would also eliminate expensive intermediary fees that have become a burden on individuals and businesses, especially in the remittances space.

Perhaps most profoundly, blockchain promises to democratize & expand the global financial system. Giving people who have limited exposure to the global economy, better access to financial and payment systems and stronger protection against corruption and exploitation.

“Every human being on the planet with a phone, will have equal access. Expanding the total addressable market by 4X” — Brock Pierce

The potential impacts of blockchain technology on society and the global economy are hugely significant. With an ever growing list of real-world uses, blockchain technology promises to have a massive impact. This is just the beginning.

Many of the most exciting applications and platforms haven’t even been invented yet!

If you want more information, that is friendly and easily accessible, please see the rest of our series here:

How does the Blockchain Work? Part 4
What’s the difference between private, public, and consortium blockchain?

I’m always interested in meeting blockchain founders, academic researchers, and technologists who are working on challenging projects, so please feel free to contact me on LinkedIn , or by email at [email protected]

Collin Thompson is the Co-founder, and Managing Director of Intrepid Ventures, a blockchain startup studio that builds, and accelerates Blockchain powered companies.

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