How to earn bitcoin

The Best Ways to Earn Bitcoin in 2020 Without Investments

Buy Bitcoin or Earn?

The answer is Both! If you have some funds, you can invest it in BTC – it’s always a wise decision. However, if you want to earn BTC on your own, there’s a myriad of options available. Although it’s not as profitable as it seems, consistency and patience will still help you grow your crypto assets faster.

Earn BTC by Watching Videos or Clicking Ads

One of the easiest ways to earn BTC is using Bitcoin faucets. Wonder what it is?

Bitcoin faucets are a reward system made in the form of an app or a website: it provides a reward in the form of Satoshi (1 Satoshi is a hundredth of a millionth BTC). Visitors need to complete tasks described by the website. Other faucets provide alternative cryptocurrencies.

Free Bitcoins interface

What kind of tasks do users usually perform? They solve captchas, play games, click on ads or watch videos. For every task done, they earn Bitcoin. Let’s observe a few popular Bitcoin faucets:

Is it an efficient way of earning crypto? Well, it’s not really an option for people who are involved in a full-time job. The reward from faucets is always few cents or dollar. It is made as a promotional feature.

Mobile Apps with Rewards in Bitcoin

Since more than 50% of Internet users access the web from their mobile devices, the possibilities for earning cryptocurrencies from a smartphone are increasing. On the wave of Bitcoin popularity appeared a lot of applications connected with the earnings of cryptocurrency. As on computers, you can do mining on smartphones. The amount of currency earned in this case depends on the power of the processor device.

Mobile Apps for earning BTC

Mining cryptocurrency on smartphones is unprofitable for several reasons: it is both low computing power of devices, and the need to constantly keep the smartphone screen on. Thus, mining will suit you only if you use an unnecessary smartphone that is constantly plugged into the network, but even in this case, the profit will be low. You can mine cryptocurrencies on your Android phone with the help of several applications, one of the most popular is MinerGate, which allows you to earn Monero and Bytecoin, which can be exchanged for other cryptocurrencies.

It is a little easier and faster to earn BTC on Bitcoin cranes when watching ads for a fee or when entering captcha.

Bitcoin crane is a service that gives the cryptocurrency to registered users at certain intervals.

You can use some web services from your smartphone, but it is more convenient to earn currency through special applications. Let’s observe them:

One of the most popular applications for earning Bitcoin is Bitcoin Crane, which allows you to collect Satoshi every 11 minutes.

Bitcoin cranes and games are suitable for the first acquaintance with cryptocurrencies, but they won’t bring much profit. With the advent of a large number of new free applications to start working with BTC and other currencies has become easier, but in order to make real money on this, you need to invest in the cryptocurrency and monitor the exchange rates. Or you can earn a small reward, killing time in games.

Earn Bitcoin by Playing Games

After the rapid rise in the cost of bitcoin at the end of 2017, users started searching for new ways to earn BTC, and one of the easiest way to do it is by playing games.

Most projects reward gamers with a cryptocurrency for achieving results in the game. Let’s look at the most popular cryptocurrency games in which you can earn Bitcoins or other coins. Let’s observe a few of them.

#1. Spells of Genesis

One of the earliest, most successful and perhaps fascinating games related to Bitcoin common Blockchain. Players get into the fantasy world of Moonga, where they fight each other. In the course of the game, you can earn Bitcoins by building important industrial facilities and collecting cards to build strength.

Spells of Genesis interface

The internal currency is BitCrystals, which are tokens created on the basis of Counterparty and stored in the Bitcoin database. Crystals can be used in the game itself for certain purchases or exchanges, and sell them on third-party sites – exchanges or exchanges. Bitcrystals is a full-fledged cryptocurrency that can be exchanged for Bitcoin or other altcoins. Since 2016, you can also play Spells of Genesis in your browser.

#2. BitQuest

This game is a great alternative to Minecraft because it allows for extracting Bitcoin. The economic system BitQuest is built on emeralds that are scattered on the map or can “fall” from the killed monsters. Each emerald is paid in Satoshi. To get them, the player must put the found emeralds in a special chest, and then the server sends the appropriate amount of cryptocurrency to the specified user’s Xapo wallet.

#3. Spark Profit

#4. SatoshiQuiz

This application pays the player for knowledge. SatoshiQuiz works in quiz format and calculates a certain amount of Satoshi for each correct answer. There are several categories and difficulty levels of questions (complex and simple questions are randomly selected). Group play gives you 60 seconds to answer and the single gives you 20 seconds to answer.

#5. BitRunner

This game uses the same principle as Pokémon – in order to collect Bitcoin elements, the player must go to the specified locations. Once all the elements have been joined together, you can get a whole coin. The game has the following interesting features:

#6. Cryptokitties

Cryptokittiesis the first complete blockchain game that is in demand and actively funded by players. At the moment, prices for “kittens”, which can be grown in the application are constantly falling due to the limited functionality of the application. By the way, it will not be possible to earn without investments, for the first pet it will be necessary to pay in ETH.

Cryptokitties game

#7. Etheremon

This is a highly prospective project, which attracts not only using blockchain but also by the gameplay. The game’s interface is reminiscent of those familiar to many Pokemons. Etheremons are “pets” that can be grown on the same principle as “cryptokitties”.

Crypto-pokémon can evolve and fight with each other, which is what makes them different from kittens. It works on the internal currency, which is automatically converted to Ethereum. According to the developers, after the extraction of all available tokens (mined during combat scenes), the currency will become full-fledged and independent of the Ethereum.

What About Gambling?

Bitcoin casinos work exactly the same way as regular online casinos do. They offer various slots, roulettes, poker, and other games. You should add funds to your account (Bitcoins), and play.

We all know that blockchain-based dApps and smart contracts eliminate the risk of data forgery, but here’s the trick. Blockchain-based casinos and Bitcoin casinos are not necessarily one and the same thing! It means, a regular online casino can implement Bitcoin payment, but it doesn’t mean there’s blockchain technology underlying the platform. Therefore, you cannot be sure that the game is fair.

On the opposite, blockchain-based casinos can operate smart contracts and use traditional fiat currency for payments, though they are supposed to be more reliable for players.

We will not mention Bitcoin casinos here – if you want to earn Bitcoins online, you can surf the Internet and do your own research.

Most times you roll, you win a minor amount of Bitcoin. However, there is nothing to lose, and such method to earn Bitcoin online seems to be unoffending.

Frankly speaking, gambling is not a good option for earning BTC. In fact, it’s the most profitable one. You can even make some money but overall the process of gambling can lead to money loss. Remember, that any kind of deposit or pre-payment in most cases means scam.

Mining Bitcoin Is Barely an Option

Many people still believe that mining is the best way to earn Bitcoins. Practice shows, it’s not profitable for a regular user anymore. The difficulty of computations has risen so much a usual mining rig is not enough for making any substantial profit. Even if you buy an ASIC and join a mining rig, no one can promise it’ll compensate your expenses.

If several years ago, smartphone and computer mining would earn real Bitcoins, today this method is not as profitable as before. Probably, if you have money to spare, traditional crypto trading will make you more money.

If you are ready to invest in mining equipment (means, thousands of dollars), you can try earning BTC this way. Before you start, try to figure out the efficiency of the process. Take into account the following points:

The last two factors are the reason why no one can guarantee that you will make money. Nobody knows how much Bitcoin will cost and how many participants will be connected to the network, for example, in a week.

Even from the fact that Bitcoin has grown by 1460% in the last three years, it is impossible to make clear predictions. We can only talk about probabilities.

Earn BTC by Learning Blockchain & Crypto

Wonder whether you can earn Bitcoin while learning about cryptocurrency and blockchain? Coinbase gives you such an opportunity! Go through the education courses on Coinbase, and get the cryptocurrency right to your account.

By the way, if you have knowledge of a specific topic, you can earn BTC by completing different tasks.

No matter who you are – a writer, singer, translator, editor, developer, or engineer – you can start working right now. Check out the websites that offer BTC in exchange for your service:

It’s simple: you create a Bitcoin wallet and register on such website. Perform tasks and earn BTC.

Websites To Earn Bitcoin Comparison

Let’s compare how much you can earn using Bitcoin faucets and different websites.

Earn Free Bitcoin With Affiliate Program

You can also earn free bitcoin or altcoins on some websites. You can refer your friend and get a discount. Some websites also offer some free satoshis for signing up.

Bottom Line

How to make Bitcoin online? There are a few interesting ways to earn Bitcoins online. Some of them, such as trading and gambling, are quite risky. While the profitability of gambling totally depends on your luck, trading is something that requires knowledge. You should have enough experience to understand how to get Bitcoin via trading.

No matter which strategy you choose, you should always double-check the platforms where you are going to buy or earn Satoshi. Make sure that you work with reliable websites that make fair payments and provide agreeable conditions. Reviews and feedbacks will help you to make the right choice.

How to Earn Bitcoin

No one has yet been able to come up with an easy way to make money in dollars, euros or any other fiat currency but if you are not too lazy and make some efforts, you can secure a stable income in the global network. It is necessary to understand that there are no free Bitcoins and other virtual currencies, in order to get them it is required to spend certain resources. This does not mean that you will have to use personal funds to get Bitcoins.

Typically, such resources are the user’s personal time spent on various tasks, such as e-mailing, viewing advertisements and others. If such an introduction to the article did not awake your interest in the question on how to get free crypto assets, consider 16 main ways to make cryptocurrency without investments.

1. Micro Bitcoin Earnings

It is easiest to get into this niche but earning here is one of the most labor-intensive activities. Users have to perform various tasks or the passing of the game, requiring a lot of free time and effort. As for payment, it is often negligible. In addition, most sites that provide the possibility of such earnings have viruses and malicious applications, so use only the verified links.

2. Bitcoin and other Cryptocurrency Games

Despite the fact that the use of faucets can be quite a profitable occupation, this type of earnings is not too common. Bitcoin faucets are online services that pay a small amount of virtual currency at regular intervals. In fact, these are services where you can get free Bitcoin. For example, on the FreeBitcoin website, they give out a small number of satoshi every hour. If you count, for 24 hours you can earn no more than 0.0021 bitcoins. But many other resources pay even less.

5. Doing Small Tasks

In the global network, there are many online services that provide the opportunity to earn Bitcoin for performing small tasks. A good example is the Coinworker site. Here one can find tasks of varying complexity, the essence of which is to posting news on social networks, testing web applications and so on.

6. Sale of Goods for Bitcoin

According to data published by Google Trends, current businessmen and owners of large companies are increasingly introducing Bitcoin fees. Modern marketplaces wishing to stay on the front burner have added the possibility of selling goods for Bitcoin. Such an approach to business can attract the attention of a wide audience. Moreover, literally, anyone can make money at the sites offering the sale of goods for Bitcoin. It is enough to put on sale a product or service and expect its buyer. One of the best examples of cryptocurrency marketplace is Alphateca.

7. Get Free Digital Money due to an Online Wallet

Airdrop is free coins distributed by a blockchain platform. To get them, you need a wallet of a suitable system. For example, a cryptocurrency can use an existing blockchain platform, for example, Ethereum and then the tokens will conform to the ERC-20 standard (respectively, your wallet must support this standard). When the popular ERC-20-compatible OMG token was released, as part of its promotion, the creators transferred several coins to everyone who had an Ethereum wallet.

But there are two nuances:

Having your own wallet is, in principle, very important, and not only in the context of receiving free coins. In addition, it is simply necessary in the case when the hardfork of the blockchain of one or another cryptocurrency occur. When Bitcoin Cash broke off from the Bitcoin network, everyone who had their own wallet received as many Bitcoin Cash coins as many Bitcoins one had, that is, 1 BCH for 1 BTC).

So which wallet to open? For example, you can go to the site CoinMarketCap, select the list of Coins, then go to the site of the desired coin and set its official wallet. But as soon as you select the Coins filter, you will notice that there are hundreds of independent blockchains, and downloading the wallet for each of them is simply inappropriate. So let’s choose the simplest option that requires minimal effort: let’s get MyEtherWallet (MEW).

Most of the new tokens work on top of the Ethereum blockchain, and MEW is the most popular web wallet for this platform. So what needs to be done? Open MyEtherWallet account. Transfer any amount of ether from the exchange to MEW, for example, 0.01 ETH. Wait for distribution! Please note that the same can be done with other blockchain platforms, such as NEO and Stellar.

Encouraging airdrops occur quite often but the tokens that you receive on them mostly cost nothing. Unknown tokens thus attract users. At best, you will have a certain number of tokens, which, when running a full-fledged project, can become a breakthrough cryptocurrency with good goals and clear plans. And you, as a person who learned about this asset at the stage of development and received tokens during an airdrop will become rich.

In the worst case, you will be left without ether. Why without ether? It’s very simple: 99% of tokens are based on Ethereum and when registering to participate in the airdrop, many tricky “entrepreneurs” tend to extract passwords from your wallets. In general, be careful when choosing a promising project.

Encouraging airdrop implies that you will receive a reward in the form of tokens only after performing some simple actions. For example, after registration or repost. Assignments that come up can be very different. Most often it is any kind of social activity on the Internet.

Airdrop is not easy to find. Start by looking for a developing project. Search better on crypto forums, special platforms (for example, BitcoinTalk, Аirdropalert). It often requires the presence of promoted accounts in social networks or the ability to effectively advertise the selected project on the forum, praise in wide circles, and so on.

8. Writing Articles about Cryptocurrency

For writing articles about Bitcoin, you must have the appropriate knowledge. This way of earning can bring a good income, depending on the chosen service for posting articles.

The level of payment depends on the category of BitcoinTalk membership. Usually, those users who are not full-fledged members of the community, receive minor payments or do not receive them at all. To become a full member, you must write at least 120 helpful messages. In the future, each new post will be charged in the amount of 0.0005 Bitcoin.

There are some restrictions for writing posts:

If we consider that creating a meaningful text of 60 words requires at least 5 minutes, in 24 hours of continuous work, you can get up to 0.144 bitcoins. However, many online services also have a limit on the maximum number of posts. Therefore, working around the clock will not work.

9. Writing Articles for News Sites and Blogs

With sufficient knowledge, you can make your own contribution to the development of Bitcoin technology, taking up writing articles for blogs and news sites. Many sites are desperately looking for authors of articles because, in order to maintain their position in search results, a daily publication of a certain number of posts is required.

Knowledge of English is a huge advantage for the author since American and international services can earn Bitcoin much faster. Typically, the value of such orders is determined by the number of words, not characters. For 1000 meaningful words about cryptocurrency, you can get from 35 to 80 dollars.

10. Look for Free Giveaways and Bonuses

It is time to discuss the question of why companies, in general, arrange free distributions of coins. The answer is simple: this is an advertising strategy, a way to tell a wide circle of users about a new project. Many cryptocurrency startups have a marketing budget, and free distribution of tokens is one of the ways to spend it. So, as you can see, cryptocurrency companies distribute coins and bonuses quite purposefully, and sometimes, in order to receive them, you just need to sign up by specifying your email and wallet address. There are other bonuses that companies distribute for reviewing cryptocurrency or subscribing to a project page on Facebook.

You can also look for distribution on sites like AirdropAlert but on Earn.com this is much easier. Here you can save your MyEtherWallet address, thereby joining all future ERC-20 token distributions, and in addition, the platform provides fast transfer of incoming coins to a bitcoin wallet, for example, Coinbase.

11. Social Networks on the Blockchain

This is probably the most promising option in terms of earnings. The development of the blockchain has reached the level where they are trying to use it everywhere. Search engines on the blockchain system, universities using blockchain technology, etc. At one point, people gathered and decided that it would be nice to create a social network where everyone would be free from censorship and moderation. This is how social networks appeared on the blockchain.

Payment for the written post occurs a week after its publication. The amount of payment depends on the number of users who vote for your post. During the week, the post fills its cost. 75% of the resulting cost goes to the author of the post, and 25% goes to those who supported this post (to the curators). Between the supporters, this 25 % is distributed proportionally: the greater the power of the curator’s vote, the more he or she will be paid. And the strength of the voice, in fact, depends on how often you maintain posts. If you rarely like posts and rarely support them, then your voice is more valuable. This option allows you to earn really good money. Write and publish good posts, read and vote for other people’s materials.

12. Give a Credit

This method is suitable for people who already have a certain amount of money in Bitcoins, which he or she would like to increase. There are many Bitcoin-related projects in the network that need funding. As an investor of one of them, you can make a profit in the form of a percentage of the amount issued.

However, such activities are associated with certain risks. Some people who received funds in debt may not return them. Therefore, you should be careful about the choice of projects in which you can invest personal finances. To date, the best online Bitcoin lending services are Biterest, Bitbond, Loanbase, Pure Central and Bitlending. Biterest service is mostly focused on citizens from the CIS countries.

It is worth noting that lending Bitcoin is quite a risky venture, which would entail losses rather than profit. Therefore, this method of earning is hardly suitable for beginners.

13. The Provision of Services Related to the Scope of Bitcoin

This is a wider field of activity since it includes all sorts of services related to Bitcoin, for which a fee will be charged. To choose the right field of activity, you can find useful information on the BitcoinTalk forums, or visit the resource called Coinality. For example, the most sought-after specialists are:

14. Gambling

This way of earning hardly needs detailed explanations. On the Internet, there are many gambling services where you can earn bitcoins. One of the most popular is Bitstarz, which we talked about above. The service allows you to win a cryptocurrency for free, giving out bonus free spins for registration. On other services, the user often pays a certain amount in exchange for the chance of a decent win. The advantage is that the game does not require special skills. However, this is sometimes a way to lose your finances than to win anything.

15. Trading

Today there are many ways to trade. But in order to start trading in Bitcoins, you must have the appropriate knowledge. The main types of trading are:

In fact, binary options can be considered a form of gambling, which has received an attractive name. No one can predict exactly what the cost of cryptocurrency will be. Otherwise, everyone would have become billionaires.

16. Bitcoin Faucets Rotator

This method has appeared relatively recently and greatly simplifies the receipt of funds from numerous Bitcoin-faucets, which literally overflow the Internet. It assumes the use of a personal site with a fairly simple interface that allows you to quickly switch between bitcoin faucets without opening a new tab in the browser each time.

Rotators significantly increase profits, but have several disadvantages:

Best Methods on How to Earn Bitcoins Fast

Why Bitcoins?

Before diving into the best methods of how to earn Bitcoins fast, it is important to get clear about one question: “Why Bitcoin?”

Bitcoin is a digital cryptocurrency that was founded in 2009 by an anonymous person/s only referred as Satoshi Nakamoto to provide a platform for decentralized payment. Here are the benefits to expect from owning Bitcoin:

The following are the top methods you can use to make Bitcoins quickly.

Work for Pay with Bitcoin

Working to earn Bitcoin is among the easiest and legit methods to earn the coin. Whether you are an online marketer, engineer, singer, or designer, among other professions, you can identify sites that allow people to work for Bitcoins.

Many enterprises are embracing Bitcoin as a method of payment because transactions are cheap, fast, and anonymous. For example, a marketing site that works with hundreds of marketers across the globe would incur heavy bills when paying the marketers via wire transfers.

However, Bitcoin is a peer2peer coin, which means that the fee is very small. The only requirement is for the payer and payee to be on the Bitcoin network. Here are some of the sites that pay in Bitcoin.

Earn Bitcoins from Interest Payment

For those who already have some Bitcoins, it is possible to make more coins by lending them out for a profit. The simplest way of earning Bitcoins using this method is lending them to a person you already know. Make sure to agree on the interest and the duration of payment.

The following are the two main methods of earning Bitcoins from interest payment:

While Bitcoin lending is a great method on how to earn Bitcoins fast, you need to be vigilant about the borrowers. Because cryptocurrencies are not protected by law, it will be very difficult to go after defaulters by seeking redress in a court of law.

Promote Bitcoins Affiliate Programs

Affiliates programs are designed to help promote products for a commission. In this case, you work for businesses that pay the commission in Bitcoin.

The secret to getting more from affiliate programs is becoming a leader in your niche to command authority and large traffic. As a leader or expert in your niche, followers will take recommendations for the products you review to convert. Then, the commission is paid in Bitcoins.

Earn Bitcoins Through Mining

Bitcoin Mining is one of the recommended methods of how to earn Bitcoins online fast. Mining is the main process used by the Bitcoin network to confirm transactions, generate new blocks, and release new coins.

To mine Bitcoin, you will need a computer with high computing power to help solve the complex mining puzzles generated by the platform’s proof of work (PoW) algorithm. However, the mining difficulty has gone up so much that mining using a standard computer or GPU is not viable. Instead, you need the right mining hardware such as Bitminer that can generate a lot of hashing power.

Another way of mining Bitcoins is by joining a mining pool. The good thing with mining pools is that they already have the right mining rigs and users only hire the preferred mining power. However, the mining reward is shared with all the members in the pool.

Make Bitcoins Fast Trading in the Exchanges

This is perhaps the fastest method of making Bitcoins online today. Trading takes place in the exchanges where you buy Bitcoins when the price is low and sell when it goes up. They operate like the forex markets, although the exchanges deal with cryptocurrencies instead of fiat.

To earn Bitcoins when trading in the markets, it is important to start by understanding the markets and the involved risks. Then, you need to identify the right platforms such as Binance or CEX.io and form the right trading pair.

Though it might look easy and direct, the metrics involved are very complex. Therefore, you need to understand the factors that define the market and the market shifts to make the right predictions. Here is a video guide to help start trade profitably trade Bitcoin at Binance.

Gamble with Bitcoins in Casinos

This is one of the fast-growing methods on how to earn Bitcoins quickly. Many online casinos such as Miami Club Casino have added Bitcoins to their deposits and withdrawal portals because it is easy and cheap to use.

The best way to gamble with Bitcoins is by selecting the best casino and choosing the games you know. Besides, you should start by learning what you can about the casino and how it works before gambling with Bitcoins.

Note that though gambling is a great method on how to make Bitcoins fast, it is a very risky undertaking. The chances of earning or losing are 50:50.

How to earn Bitcoin: practical ways to make digital money

Apart from direct investments into cryptocurrency, there are a lot of other great methods to earn digital money. Some of them cater to professional traders that already have Bitcoin, Ethereum, or any other coins on their virtual wallets, while others are considered perfect for beginners. It is even possible to make good earnings without massive investments at the beginning. In this article, we will be exploring and explaining the top 6 methods to get more BTC.

Popular methods to earn Bitcoin and other cryptocurrencies

There is no shortage of ways to earn cryptocurrency today. However, all of them have their strengths and weaknesses that might be decisive for specific categories of crypto enthusiasts. For example, if you prefer, you get more BTC by investing in crypto projects or trading, then you will need start-up capital, good financial knowledge, and, of course, a lot of time. Unfortunately, even those cannot give you a 100% guarantee that everything will go as planned and your income will skyrocket. Some projects are only good on paper but don’t actually work in practice.

But who says that trading and other active methods are the only way? Using a passive income strategy is also an excellent alternative. It allows you to make money through the fine-tuned automated processes like mining. Or maybe earning small portions of BTC or ETH through a referral program is your go-to method? As we said, there are many good methods to make cryptocurrency in an active or passive way. You can be sure that more fascinating solutions are yet to come. But today, let’s focus on the top 6 methods to get more BTC in 2020-2021.

1. Mining

Mining can be arranged in a cloud or more traditional way – on your own crypto farm. No matter which method you will choose, the basic concept remains the same as machines will be doing all the hard work with calculations generating bitcoins for you. However, building a physical mining farm can be a laborious process because you will have to buy lots of powerful hardware and install specific software to operate it. Also, don’t forget about regular maintenance. Here are other pluses and minuses on this method:

Some of the above also applies to cloud mining, but at least you won’t have to buy hardware and worry about where to put it. Instead, you simply rent a remotely connected farm. If you have enough resources to buy several powerful farms, then it is possible to have a good income of any cryptocurrency of your choice. There are also a few things to consider about cloud mining:

It takes just a few steps to start mining ETH with HASHALOT:

2. Bitcoin faucets

The Web is full of sites that give out satoshi, which is the smallest bitcoin unit (one-hundred-millionth part of BTC). In order to earn some satoshi, you need to perform simple tasks (fill a captcha, click on a link, etc.). After completing those, you will be awarded cryptocurrency bits that go to your digital wallet. The method with faucets has its pluses and minuses.

This method requires a regular online presence and activity. Performing primitive mechanical tasks all the time can be boring and tiresome. Bitcoin faucets are optimal for beginners taking their first steps in the crypto world and still learning new things about it. One of the advanced versions of bitcoin faucets is online games, but they truly deserve their own paragraph on this list.

3. Online games

What if you replace standard in-game money with cryptocurrency and provide gamers with the means to earn it while playing the game? This game dev experiment turned out to be extremely successful, so it gave life to another method to earn BTC. Extra motivation to play and make money stimulates players to spend more time on your project if done correctly.

Some games and apps even provide new players with substantial beginner bonuses, but it takes time and effort to earn them all fully. In most cases, crypto bits are awarded for completing various achievements such as unlocking new skills, killing bosses, leveling up, and so on. The main benefits of this method are:

However, some of the downsides prevent this method from becoming a stable income source:

4. Airdrops

Airdrops is another common way to make some coins by completing simple tasks. In most cases, people are asked to register on a website, subscribe to news and updates, etc. It does not take a lot of your time, but you’re only paid once. If the project is closed, then you have to find another source of airdrops. Some users report that they experienced problems with money withdrawal after completing tasks – unfortunately, scamming is common with airdrops.

Apart from the aforementioned issues, there are other difficulties associated with this method. In some cases, to complete tasks and earn BTC, you will need an active account on social media with a certain number of contacts. However, it is often balanced with bonuses – the more friends on your list, the more money you get.

All in all, this method of earning bitcoin can be decent for beginners who are new to the crypto industry. We would also need to point out that reaping profits from airdrops is possible only if you’re spending considerable amounts of time on them. Plus, you must be searching for new airdrops all the time, which is not suitable for everyone.

5. ICO and IEO investing

Now it is time to talk about more reliable but more “demanding” methods to earn cryptocurrency. If you’re thinking about joining an ICO campaign, be sure to have funds to buy enough tokens to gain maximum profitability after reselling coins in the future. A word of clarification here. ICO stands for “Initial Coin Offering,” which means that everyone can buy tokens of the unreleased cryptocurrency and turn them into normal coins after the launch. IEO ( Initial Exchange Offering ) is another version of ICO when the whole process is controlled by a cryptocurrency exchange service.

We find this investing method very perspective and opportunistic since it is not controlled by regulatory agencies meaning that investors have unlimited access to cryptocurrency. When new crypto projects appear on the radar, their tokens are usually cheap, but the price might skyrocket after the official release. However, there is always a chance that the selected coin will flop, resulting in wasted time and money. It is practically impossible to predict the project’s future, so all you can do is to calculate risks and decide whether it is worth it or not.

6. Exchange trading

Probably the most popular way to earn bitcoin. Traders deposit money on their exchange accounts, buy cryptocurrency, then sell it later at a better rate. Obviously, it is an oversimplified description of the process, and it takes so much more experience, knowledge, and skills to excel at trading. Here are the main benefits of making money on exchanges:

As for the minuses, there are also some:

Final words

The people’s interest in earning bitcoin and other cryptocurrencies is proportional to the growing popularity of digital money. New methods of making profits in this niche appear on the horizon, albeit not all of them are effective or reliable. Regardless of how you choose to earn cryptocurrency, check the platforms or services you are going to work with twice or even thrice.

Best Ways to Get Bitcoin for Free – 7 Legit Ways to Earn Bitcoin

In the current economic client where people are being laid off left and right, with a lot of spare time on their hands, earning some free money in the form of bitcoin or other cryptocurrencies would be a welcome boost for a family budget.

This article will help you in starting your research on the best ways to earn bitcoin with legit methods. Some of the ways we list below allow you to earn bitcoins without investments, while some others will require you to put some money into bitcoin – the easiest way to do so is to buy bitcoin with a credit card.

We will first go over the possibilities of earning bitcoin for free, ie, without investing money.

In the second part of this article, we will cover other ways to earn cryptocurrencies online where you need some investment to start with.

What you’ll learn 👉

7 Legit Ways to Earn Bitcoins & Crypto Online Without Investment

Do Freelance Work to Earn Bitcoin

One of the easiest and most legit ways to earn your Bitcoins is to work for them. Multiple services will offer one an opportunity to work for crypto, whether you are an internet marketer, freelancer, singer, translator, editor, engineer, designer, writer, or developer.

Here are some of the platforms and websites that offer you Bitcoins in exchange for your service:

Play2Earn Games (earn NFTs that you can sell for crypto coins)

A play-to-earn crypto game is an exciting arm of the NFT (Non-fungible Token) technology in which online games are launched on blockchains and anchored with digital asset-powered economies. These assets are often NFTs so that they are distinguishable and authentic.

Players who get these assets have exclusive ownership rights and can sell them as digital currencies in crypto exchanges to make money. Thus, players can earn real money or other real rewards simply by playing.

The fact is clear: This is the next big thing in the crypto world. You can read our top picks and most popular NFT games here.

Get Paid in Bitcoin For Services or Products

Another way to earn Bitcoins can be to sell something for digital currency. You can accept it as a means of payment for products or services sold or provided. For example, if you are keen on handmade, you can accept Bitcoin on your ETSY page. Also, if you are a merchant, you can use your Bitcoin address to accept Bitcoins payment on your website. Say you own a hotel, restaurant, café, etc., just hang a “Bitcoin Accepted Here” sign, and many of your customers may prefer to pay through this option.

Ways to earn bitcoins that require an initial investment

Earn Your Bitcoins through Trading

Another way to make an earning with Bitcoin is to do it through trading. The idea is simple. However, it takes a lot of awareness and analysis to be successful at this. For example, CEX.io allows you to buy Bitcoins for low fees using your credit card, a wire transfer, or a SEPA transfer (if you live in the EU), after which you can convert it to another cryptocurrency or fiat currency using the price volatility at your advantage.

You can also trade with leverage on margin crypto exchanges like BitMex or Deribit. Or you can trade crypto CFDs with leverage on platforms like eToro or AvaTrade.

If you don’t have time to be glued in front of your laptop and trade crypto, you can use crypto trading bots like Cryptohopper or Bitsgap to have them do that for you. You can even take advantage of price differences between different cryptocurrency exchanges and use these arbitrage bots to buy lower at one crypto exchange and sell higher at the other while pocketing the difference.

Earn bitcoin through lending

Crypto lending platforms like Blockfi or Youhodler are increasingly popular among cryptocurrency holders. Instead of leaving your crypto to sit and do nothing, you can deposit it into one of these loan sites and collect interest rates on your holdings.

The rates vary but are usually anywhere between 6% and 10% per annum. This is much better than what traditional banks offer, whose savings accounts are in a terrible state these days with interest rates going below zero – you are actually being charged for keeping your money with the bank.

Shop and earn free Bitcoins with rewards and cashbacks

This is definitely one of the easiest ways you can earn free bitcoin whenever you spend money online. Using apps like Lolli, which is a crypto reward app, you can earn small amounts of cryptocurrencies when you shop online.

Lolli integrates with all major online retail shop platforms and is a nice and seamless way to accumulate bitcoins with time.

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

Click here to install the Lolli Chrome browser extension.

Lolli is an easy set and forgets tool that will help you pile up a decent amount of Bitcoins via this trick.

Other similar apps are:

Gambling and Casino Games

There are a lot of Bitcoin gambling websites out there that offer different options like online lotteries, jackpots, spread betting, casino games, etc., to Bitcoin players, and they will gladly take your money for the chance of winning a bigger pot. However, gambling is not the best way to earn your Bitcoins. It is advisable to stay away from gambling as it has a number of risks that need to be taken into account.

Earn Your Bitcoins from Mining

In the early days, the primary source of Bitcoins was mining (the process through which bitcoins are released to come into circulation). Back in 2009, when mining began, every block mined brought a Bitcoin reward of 50 BTC to the lucky one who managed to solve the computationally difficult puzzle. The block reward (new Bitcoins) decreases every 4 years, and currently, every block brings 12,5 BTC.

When mining began, it took a regular desktop to be able to generate the coins. However, as more and more Bitcoins are generated, difficulty in the mining process increases and today, it takes a lot of time, research, and money to invest in mining equipment.

The reward is still luring, and you’ll be able to generate Bitcoins even if you use your own PC at home. However, there are some problems that stand in the way of earning some loot:

All these factors make Bitcoin mining unprofitable these days, which makes us move forward to the next strategy of earning Bitcoins online.

Get Paid Crypto to Learn about Crypto.

To incentivize customers new to the topic, some exchanges offer free cryptocurrency to learn about cryptocurrencies. You watch some videos and take a quiz to earn a small amount of the coin or token you were studying. It’s a great way to get to know about various projects, and you could end up with a diverse selection of assets. Hopefully, one of them will explode upwards to the moon one day.

Coinbase is offering $3 of Numeraire, a crowd-sourced hedge fund, $3 of NuCypher, a blockchain privacy company, $6 in Celo, up to $59 in Compound, one of the crypto interest account startups, and lots of classic altcoins.

CoinMarketCap has a similar offer – watch some videos, take a quiz, and earn some crypto. They have tutorials on some less well-known altcoins, but as I said, these are always fun to hold when one of them shoots upwards. I could not see how much of each coin they are offering, but it’s a great way to stay updated on new projects.

Earncrypto.com has a similar offer where advertisers will pay you to watch their videos, fill in surveys, download apps, and even play their games. Again, this won’t make you rich, but it’s a great way to learn about the subject and bank some coins.

Take Surveys to Earn Free Bitcoin

One of the simplest ways to accumulate Sats is by completing online surveys. Sign up for lots of websites, and whenever you have free time, you can make a little extra coin. There are hundreds of sites, but here are a few notables.

BitcoinReward.net pays only in crypto and rewards you for completing surveys, game playing, and watching video clips. You supply your Bitcoin address and get paid up to 100,000 Satoshis per task (+/- 60US$). They have a really strong affiliate commission of 50%, which is ongoing. Get all your friends hooked on this and it could turn into a meaningful amount of free Bitcoin.

Timebucks.com If you want to get started right away, sign up for timebucks.com. There’s no lengthy approval procedure, and the site is straightforward. It offers lots of other ways to make money – Installing apps, watching videos, posting on social media, and even playing games. They pay weekly and award a bonus to the top earners every day.

Surveytime.io Once you have opened an account, they will ask you about your survey topic preferences. Each completed survey makes you a buck, which you can withdraw in fiat or Bitcoin. They claim to pay you instantly for each survey, but I could find no mention of how this works for Bitcoin payments.

Conclusion

In the end, you can also earn free Bitcoin by signing up for the Binance Bitcoin Referral Program.

As you can see, there are quite a few ways to earn Bitcoins online, but it will always cost you something to get them. It may not always be money. However, something needs to be spent, whether it’s time, viewing ads, your email address, or anything else.

There’s no such thing as “free Bitcoins,” but if you’re willing to put in the effort, you can achieve some very nice earnings online.

FAQs

How much can I earn from affiliate rewards❓

It depends. There are fixed one-off dollar amounts for some affiliate programs. Others will give you an ongoing percentage of whatever the new client spends. This may last for a few months or indefinitely.

How are crypto wages taxed❓

Crypto received for goods or services is taxed as regular income. It gets a little more complicated if you bought or mined it. In this case, you will be taxed on the capital gains when you spend it, trade it, or sell it.

If you have held it for less than a year, it will be taxed as short-term capital gains at your regular income tax rate. If you have owned it for more than a year, it will be taxed as long-term capital gains, which incurs a lower rate.

If you can show you made a loss on your crypto, you owe no tax and can set this loss against any other capital gains you have made during the same period.

How can I get 1 Bitcoin for free❓

That’s a great question. If anyone has the answer to this, please send me a private message. I recommend a time machine or befriending Elon Musk or Max Keiser.

What is the fastest way to earn Bitcoins❓

Getting paid for services in crypto is the fastest way for me to accumulate Bitcoin. Trading up your account could be the quickest way, but you either need to be lucky or very talented.

In the end, it’s like any other currency – you can beg, borrow, steal, earn, find, win, or be gifted with Bitcoin.