Is how to get free bitcoin a question nagging your mind? Well, no need to stress anymore. This comprehensive guide on making free bitcoin has you covered.
The cryptocurrency market has proven to be such a lucrative one, and many people are now trying their best to get a chunk of it. Over the last ten years, the crypto market has become an easy and reliable way of making money for most people, especially with the main crypto coin, BTC.
While buying bitcoin has been the sure way of getting a piece of this ever-growing market, it’s also not the only way. There are many other ways you can earn bitcoin, most of which many people don’t know.
For instance, have you ever thought you can earn bitcoins for free without using a single coin? Well, you surely can. Today, we learn how to get free bitcoin online, without spending a dime.
From joining reward programs to becoming an affiliate marketer, we explore everything you need to know about earning free bitcoins.
Table of Contents
Tops Ways of how to Get Free Bitcoin
1. Free Bitcoin with Coinmama
The best way to earn free bitcoin with Coinmama is through their affiliate program. Like many other brands and platforms, Coinmama lets you earn free bitcoin by simply spreading the word about it, and getting people to sign up and use the platform.
Once you are a Coinmama affiliate marketer, you get a personal link, to share with friends, family, and even on social media platforms. Each time someone joins or uses Coinmama through your affiliate link, the platform pays you a 15% commission.
And, it gets even better. It’s not a must you buy bitcoin in Coinmama to start earning with its affiliate program. This means that you can start making money with zero investment.
However, be ready to sweat for it. To make that money start flowing, you must do a lot of promotion, especially considering the company, plus other affiliate marketers, are doing the same thing.
2. An Interest Account with BlockFi
Another option on how to get free bitcoin online is through BlockFi’s Crypto Interest Account (bitcoin lending). This works much the same way as a bank’s saving account, where you get paid for leaving your money lying in the bank for a specified period.
In the same way, the Interest Account with BlockFi requires you to hold bitcoin in your BlockFi wallet for a period, without selling it. During this period, the platform does business with your bitcoin, lending it to individual and corporate clients. They then share the profits they get, in form of interest.
But, how much can you earn here? Is it worth your time and investment?
Well, BlockFi allows you to enjoy annual interest on your saved bitcoin, of up to 8.6% APY. Now that’s not bad money, especially when your investment is substantial. Even better, since the interests are compounded monthly, the annual yield can go even up to 8.6%.
The best thing with BlockFi is that you can sign up for the BIA account in just 2 minutes or less. Also, your funds are protected through over-collateralization and robust risk management systems. Through these measures, you would be the last person to feel the effect of any monetary loss.
3. Shopping Online
Bitcoin has become a widely accepted mode of making online payments. Companies and individuals are now accepting bitcoin for payment of goods and services.
However, there’s much more to bitcoin than just being a mode of payment. You can make more bitcoins online, on the purchases you make, through cashback programs.
A good example of a platform that is making this happen is Lolli. Purchases from any of Lolli’s over 500 merchant partners, earn you a cashback reward, in bitcoin. This is one incredible way of how to get free bitcoin online with less hassle.
All you need is to download and install that Lolli browse extension and you are good to go. From here, any purchase you make from the app’s partners will earn you a cashback. Once you visit one of the supported merchant’s sites, the browser extension automatically notifies you to enable the cashback feature.
Some of the main Lolli’s merchant partners, include Best Buy, Walmart, Office Depot, Topman, 1-800-Flowers, etc. This is simply earning bitcoin doing what you usually do – shopping online. The earned bitcoin will be deposited into your Lolli cashback wallet, and you can withdraw it to your bitcoin wallet of choice.
4. Bitcoin Cloud Mining
Bitcoin mining is the process of adding more bitcoin, to bitcoin’s circulation. Cloud mining, on the other hand, is bitcoin mining, using remote datacenters and shared processing power.
This process allows participants to mine bitcoin, without owning or managing any hardware or software. Here, the mining company owns and maintains the mining rigs. In fact, all you need to do is sign up and buy a mining contract or even get a free cloud mining one.
After this, allow the mining platform to use some of your computer’s processing power, and get paid for it. These programs will run in the background and will, in most cases, not affect your computer’s normal operations.
Some of the top free bitcoin mining sites you can try out include:
- Bitland.pro – get a 2000 Gh/s registration bonus, and mine various coins like Bitcoin, Tron, Dogecoin, Tether, and Litecoin.
- Honeyminer – make between $15 and $75 a month per GPU, with newer PCs
Most of these sites will offer a hash power signup bonus, which you can start your free cloud mining with. And while free bitcoin mining will not earn you much income compared to other methods, it’s quite an easy way of earning free bitcoin.
How Long Does it Take to Mine a Bitcoin?
Determining how much time is needed for a successful 1 bitcoin mining isn’t straightforward. There are several factors that influence this process, such as, the type of mining equipment, computing power, and even competition.
But, with the ideal conditions, it should take a minimum of 10 minutes to successfully mine a single bitcoin. And, no matter the number of miners, this time cannot go below that.
Without the ideal conditions, the process may take hours, days or even months.
5. Free Bitcoin with Coinbase
Coinbase is among the most trusted crypto platforms in the market, offering the best avenue to buy and sell crypto. However, many people know Coinbase only for these two functions – buying and selling cryptocurrency.
But, there is more to the platform than that. Coinbase also offers an easy way of earning free bitcoin. That’s right! Learn how to get free bitcoin with Coinbase without spending even a dollar.
By completing simple courses that Coinbase offer, you earn different crypto coins just by learning about the platform. You can later convert these crypto coins into bitcoin, still using the platform, if you so wish.
Coinbase of the easiest ways to add more bitcoin to your portfolio. And, there are many of these courses to allow you to make good money.
See related: 23 Ways to Make Money Without a Job
6. Taking Surveys
If you want to learn how to get free bitcoins without mining, paid survey sites offer an excellent opportunity.
Companies are always searching for information to help them improve their products and service delivery. This way, they are ready to spend money to get that crucial information that keeps them competitive. And, that’s where survey platforms come in.
There are many survey companies you can join, and learn how to get free bitcoin. A company like TimeBucks gives you a chance to choose surveys you are comfortable with, and start making easy money. Your profile will determine which surveys you are best suited to participate in.
You will get your free bitcoin payout once a week. And you can withdraw once you’ve attained bitcoins worth $10.
During your first day, the platform sets the maximum amount you can earn to $50 worth of bitcoin. But, for subsequent days you are likely to make bitcoin worth $10 to $20 each day. That is if you are consistent with the activities.
TimeBucks referral program also pays when you introduce new members to the platform. Here, you get a percentage on each of your referral’s account earnings.
Other Top Surveys Sites that Pay Free Bitcoin
This is a legit, free-to-join survey site that pays you to take surveys and complete other simple tasks. Each survey here is worth between $0.06 and $5, based on your location and the type of survey. You are free to redeem your earnings in bitcoin, straightaway.
This is among the few survey sites where you get free bitcoin for signing up. You get 500 free satoshis for just registering, and 2,000 more satoshis for the email confirmation. And, besides surveys and other simple tasks, you receive 50% of your referral’s earnings.
With Cinchbucks, earnings range from $0.50 to $5 per survey, depending on the survey’s complexity and your location. Once you’ve accumulated enough rewards, the platform sends your payment direct to your bitcoin account.
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