There are many ways to Generate free Bitcoins out there other than mining such as Bitcoins Faucets, taking surveys, playing games and numerous others. Blockchain has changed this world by providing new ways to earn money. Business and companies are engaging in Blockchain technology to earn crowd fundings from investors. People are engaging in Bitcoins as they get influenced by others or by some other way. Earning Bitcoins with rewarding systems online will not make you rich but provide some amount of money for your precious time. This guide may help you to find better ways to earn some Bitcoins online without any investment.
Is it possible to generate free Bitcoins?
Yes, it is possible to generate free Bitcoins in 2019 by Bitcoin Faucets, Bitcoin mining, playing games, referring friends, and many more. Before discussing the ways to generate free bitcoins we will talk about Bitcoin.
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.
- Furthermore, They can be exchanged for other currencies, products, and services.
Read More about Bitcoin
5 ways to generate free Bitcoins
Mining Bitcoins is no more profitable in 2018 because of the increase in difficulty of solving blocks. When Bitcoin was introduced it was mined through CPU and now only 5 million bitcoins are left to be mined. So, Mining Bitcoins are no more profitable in 2018. Mining farms have concentrated on Application-Specific Integrated Circuit (ASIC) miners. Right now, every block brings 12,5 BTC. Though the reward is still luring, there are some more issues that are hurdles in way of earning some loot. They are as follows :
- Mining has gotten unprofitable.
- Even when the efforts are combined, there is also a need to pay for electricity, and the daily utility bills frequently exceed the mining reward.
- In hope for some rewards, people are forced to use cloud mining services.
- The hashing difficulty has grown respectively over the last years. No single equipment has enough computational power to compete for Bitcoins.
All of these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning free Bitcoins.
2. Use various Bitcoin Faucets
What is a Bitcoin Faucet
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. For example, on many Bitcoins dice websites, you can get 0.0001 BTC every 5 minutes. There are other options too where you can earn ‘Bitcoins dust’ for time spent on the website (For example, like playing games). Though you cannot gain much here, sometimes it can be enough to get a feeling of owning some crypto.
Best Bitcoin Faucets
- FreeBitco.in: FreeBitco.in is the Biggest Bitcoin Faucet available now. You have variety of options to collect free bitcoins from the faucet. They also provide 50% referral commission, you can refer your contacts and can make 1 BTC daily.
- Moon Bitcoin: It provides many bonuses such as Loyalty, Referral and Mystery Bonuses. Furthermore, the faucet allows users to collect bigger payouts.
3. Offer something for Bitcoins
You can earn Bitcoins online by selling something for crypto. If you are intellectually alert for handmade, you can also accept BTC on your ETSY page, and if you are a storekeeper, you can use your Bitcoin address to accept Bitcoins payment on your website. While you can also hang a “Bitcoin Accepted Here” sign at your hotel, restaurant, cafe, bakery etc.
4. Do work for Bitcoins
If the mining of Bitcoins is not for you, you can search for work that you can do for Bitcoins. There are numerous services that will offer one an opportunity to work for the cryptocurrency. You can also find something at Coinality or by just going to /r/Jobs4Bitcoins on Reddit. Presently, you can earn Bitcoins online as a freelancer mainly, but there are some Bitcoins startups and companies like Overstock offer an option to get the regular payment in BTC. With capitalized acceptance, there will be more options to look for.
5. Boost your trading skills
There is a good way to make an earning with Bitcoin and cryptocurrency, in general, is to do it through trading. CEX.IO allows you buying Bitcoins with payment cards or via bank transfer, after which you can convert it to other crypto or fiat using the price volatility at your advantage. However, Sometimes, Bitcoin Trading can be very similar to gambling-high risks are involved in her too. Though in order to minimize them, you need to learn about trading in detail. You may follow our blog to get trading tips. Just start with a little amount, and when you feel more confident, you will be able to get higher earnings.
Earnings Free Bitcoins Online: SUMMARY
There are rather a few ways to earn free Bitcoins online, and they all are different from each other. Some of them involve risks such as gambling, or trading. However, while in gambling everything mainly depends on luck, trading requires some true knowledge. As you can stay tuned with us to not just earn free bitcoins but also multiply them.
Regardless of what strategy you choose, there is still a need to find a secure place to buy, sell, and store your Bitcoins. CEX.IO has been a well-known player in the Bitcoin market since 2013, offering a user-friendly service for buying, trading, and keeping Bitcoins secure. As none of its users has ever experienced account theft, and, all in all, CEX.IO deserve to be one of the best Bitcoin service known so far.