In this post, we will explain ways to Earn Free Bitcoins Online. Making money is a very difficult task but blockchain hype has outcome many wealthy people out there. If you need to involve in Bitcoin hype then earning free bitcoins is the safest way to enter in such as the volatile market. So without wasting your time, we will start discussing the ways to get free Bitcoin online.
Its demand has raised its price to levels only a few persons can afford to buy one bitcoin. However, there are many ways in which you can earn free bitcoin. In this post, we shall discuss some ways how to Earn Free Bitcoins Online. As a takeaway, we shall look into whether these ways are legit or plain scams.
What is Bitcoin?
- Bitcoin the most prominent word almost known by all of us but do you know what exactly it is?
- Bitcoin is a cryptocurrency or a form of electronic cash.
- It is a decentralized digital currency which does not have any center or any manager.
- It is a peer to peer network which allows us to transfer bitcoin and make the transaction by the users easily without a need of any conciliator.
- Transactions are verified by network nodes through cryptography and are recorded in a record called a blockchain.
- However, Bitcoin was invented by a mysterious person or a group of persons using the name Satoshi Nakamoto.
- It was released as open source system in 2009.
- Bitcoins are created as a reward for a process known as mining.
- They can be exchanged for other currencies, products, and services.
- However, Bitcoin is a kind of reward processing unit which is very common nowadays we will also discuss some of the ways to earn free bitcoins so stay tuned.
- Read Also – How to generate free bitcoins?
Read More about Bitcoin
Ways to Earn Free Bitcoins Online
1. Bitcoin Faucets
This is a reward function incorporated into websites and a reward is paid when a user completes some tasks and play the games on the site. A bitcoin faucet is a feature on apps and websites that steadily drips bitcoin. For example, a website may dispense a fraction of a bitcoin in every few minutes. It’s usually an extremely small amount, equivalent to a few cents or a dollar, awarded to one user in every few minutes.
Tasks may range from solving a captcha image or also from inviting new members into the site. The rewarding system dispenses a fraction of bitcoin in an hour or in predetermined time intervals.
Since the amount of bitcoin is withdraw in minutes, and the amount system keeps track the earning of each user and is sent to the user’s bitcoin wallet once a certain amount has been accumulated.
For this work, a payment processor has to be incorporated in the process and the owner of the faucet has loaded bitcoin. The processor then dispenses the amounts as set.
Read Also – How to earn free Bitcoins with Bitcoins Faucets?
Why Bitcoin Faucets Dispenses Rewards?
Bitcoin Faucets acts as a promotional service to the new users who can experiment the network for free. Faucets Sites earn from Advertising. Whether the ads are pay-per-click, pay-per-impression, or just there, chances are the site is making a steady stream of money just by having advertisements on the pages. In addition to ads, faucet sites might also have affiliate links that can bring in revenue if users follow the link and sign up for or buy something then the faucets site earn from this link and advertise and then its give you some basic unit of Bitcoins.
Read More about Bitcoin Faucets at Wikipedia
- Related to Bitcoin Faucet on Coinjija – How to Hack a Bitcoin Faucet: is it possible to hack?
- 5 Best Ways to Earn FREE Bitcoin 2018 – The Ultimate List
- How to Earn Free BTC Every hour by the Best Bitcoin Faucet
2. Social media
Some impact on social media platforms like Twitter, the reward by free bitcoin although just a small fraction. Altcoins are also an alternative way of rewarding interactions on these platforms.
But in social media, a real deal and a scam are difficult to differentiate.
3. Affiliate referrals
Affiliate programs have become a norm in the business world. With referrals, you explicitly request a company to allow you to market their services on your website or online platform. Games may be award some amounts of bitcoin as a prize. They’re typically also filled with advertisements.
When these services are accessed through your link you are paid. Crypto-affiliated companies pay for referrals using cryptocurrencies, especially bitcoin. Affiliate programs are the best, easiest and surest way to earn free bitcoin legitimately.
For example, by signing up to Coinbase through an affiliate link, you can get $10 worth of bitcoin for free.
4. Mining Cryptocurrencies
A few years ago, you may have been able to make hundreds of bitcoin by mining on a home computer To make a profit from bitcoin mining, you need to have a lot of very powerful hardware. Otherwise, you will end up spending more on power than you earn from bitcoin. These days, it’s a lot more difficult. The bitcoin mining network is mostly dominated by big players with hundreds or thousands of dollars of computing power dedicated to bitcoin mining.
You can also start Free Bitcoin Mining to get Free Bitcoins without investment in 2019
- Free Bitcoin Mining sites are the ones which provide free Cloud mining service to the users.
- If you are looking for the free Bitcoin mining sites you have to do a lot of research as there are many scammers out there.
- Discussion forum sites such as Bitcointalk.org may be very beneficial to collect information about a particular site.
List of Free Bitcoin Mining Sites
- MinerFarm – Miner Farm gives free 100Gh/s for mining Bitcoins to its users. The process of registering and withdrawing BTC is quick and easy.
- Multimining – It is similar to the first one where a new user is provided with free computational power. After registering on this website you will receive 30GH/s to mine Bitcoins for free.
- Bitcointoolmining – With this site you can start mining BTC & ETH daily to earn money without any mining hardware.
- BTCMines – It is not a kind of CPU Miner which uses your computational power to mine Bitcoins. BTCmines is a kind of miner which asks users to feed little miners and they will earn rewards for you. There are no restrictions and no limits to earn on this site.
- StartMiner – It aims to provide the easiest possible way to make money online. To earn more Bitcoins you can upgrade the plan
5. Earn Free Bitcoins by playing games
Earning free bitcoins for playing games is the easiest way to get free bitcoins in 2019. You can claim free Bitcoins by Playing Games and here are some of the best games,
Read about Earn Free Bitcoins by Playing Android Games
6. Teaching about Bitcoins to Earn Free Bitcoins Online
- Once you gain a high-level knowledge of the Bitcoin market and cryptocurrency in general, and you have lots of knowledge about bitcoins and bitcoins market then you can always impart knowledge to others who are starting off in the business and seeks guidance.
- Whether you can give investment strategies, choosing cost efficient mining hardware or setting up a mining pool, people around the world are on the constant lookout for experienced guidance or mentorship.
- Furthermore, there are many sites including Udemy.com where you can offer courses about Bitcoin.