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Getting your foot in the door with any investments is the first step in growing your portfolio. The high stakes of investing in cryptocurrency can be lowered if you know where to earn free bitcoin. Free rewards equal easy money, so maybe it is time for you to stop hesitating and start looking into small approachable ways to earn big.
Try These 7 Ways To Get Free Bitcoin
Whether you’re a new investor or a seasoned professional, earning free cryptocurrency is a chance you shouldn’t miss. No need to send in the canary as you won’t need to become an actual miner to stack up some crypto rewards and free bitcoin in these seven ways:
1. Airdrops
Many crypto businesses give away an initial coin offering or a set number of tokens. These can be earned when you perform certain actions or meet specific requirements. Airdrops are the free distribution of these bitcoins or other cryptocurrency tokens. Simply put, it is a marketing tool that crypto companies use to entice you to sign up for the company’s platform. When you satisfy the set requirements, you get a portion of that company’s crypto shared with you, thus letting you earn free crypto.
2. Bounty
It should be noted that bounties are more specific for those who work with a crypto company. But it is good to know that you can get free bitcoin or other crypto rewards when youcomplete tasks as a developer. It is usually no small pittance either as you can earn up to $200 in free tokens. In short, a bounty is a bonus given in tokens in exchange for specialized work.
3. Brave Browser
One way to earn free bitcoin is by using Brave Browser for your browsing activities. Brave is a web browser that focuses on your privacy and saves you from data-sucking ads and lower speeds. Another perk is you can earn bitcoin, crypto tokens or even gift cards just by browsing.
4. Cloud Mining
Cloud mining is the process of mining cryptocurrency without owning the specific hardware. By renting cloud computing resources with certain companies, you can earn free bitcoin and become a bitcoin miner. For example, Bytebus is a cloud mining service that offers you a $10 sign-up bonus just for registering.
5. CoinMarketCap
CoinMarketCap offers you the opportunity to earn free crypto assets like bitcoin by taking lessons and then testing your knowledge. You simply watch videos about crypto projects, complete quizzes about the videos you watch and then collect your crypto rewards. This system is packed with both educational and financial bonuses.
6. Faucets
Bitcoin faucets or crypto faucets are websites and apps that give away free bitcoin in exchange for completing tasks or actions. Though the amount you earn per task is small, it can add up, thus being referred to as a faucet as many small drops of water can add up to a large amount. Here are some examples of actions you can complete to earn free bitcoin:
- View ads
- Watch videos
- Complete a captcha
- Solve puzzles
- Play games
7. Staking
Staking involves locking up your funds in your wallet or exchange for a set period of time to help secure the network. By doing this you can earn rewards such as free bitcoin. As you’ll have to do without those funds for that set period make sure you understand what you are staking and that the risk doesn’t outweigh the reward.
Investing for Everyone
Final Take To GO
When dealing with bitcoin, keep in mind that at most you are typically dealing with extremely small fractions of a whole. Collecting or earning as much as you can is worth it though, especially if you can do so for free. To get the most bang for your digital buck, make sure you research all the set requirements so you can take advantage of multiple ways to earn free bitcoin.
FAQ
Here are answers to frequently asked questions about how to earn free bitcoin now.
- How can I get bitcoin for free?
- Here are ways to get bitcoin for free:
- Airdrops
- Brave Browser
- Cloud mining
- CoinMarketCap
- Faucets
- Bounty
- Staking
- Here are ways to get bitcoin for free:
- How can I get $20 of bitcoin for free?
- Earning $20 in free bitcoin can be as easy as creating an account. For example, Swyftx has a promotional referral code for new users to use when setting up their account and in return, you can earn $20 in free bitcoin.
- How can you get $10 in bitcoin for free?
- Many cloud mining companies give bitcoin for free just for registering with them.For instance, Bytebus offers you a $10 sign-up bonus once you set up your account. Cloud mining can be accessible and profitable for a wider range of consumers as many companies are offering incentives such as these.
- How can you get $5 of free bitcoin?
- Many companies offer sign-up bonuses just for joining. For example, Coinbase gives you $5 in free bitcoin just for signing up, creating an account and then placing a trade.
- How much is one bitcoin worth in dollars?
- Though it fluctuates daily, one bitcoin is worth $28,375.74 as of May 5, 2023. Most distributions of bitcoin, whether free or otherwise, are a tiny fraction of a whole.
Information is accurate as of May 3, 2023.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
- SoFi. 2023. "Guide to Bitcoin and Crypto Faucets."
- Cointelegraph. 2023. "Top 7 ways to earn free crypto."
- DebtBombshell. 2023. "Swyftx Referral Code [$20] Promotion."
- Investing Simple. 2022. "Coinbase Free Crypto 2023: Earn $5+ In Free Bitcoin!"
- GlobeNewswire. 2022. "Bytebus stands fearless amid the crypto market havoc, it raises its confidence with its new cloud mining services.."
As an expert in cryptocurrency investments and blockchain technology, I've been actively involved in the field for several years, staying abreast of the latest developments and trends. My expertise extends to various aspects of the cryptocurrency landscape, including mining, trading, and emerging technologies. I have successfully navigated the complexities of the market and have a deep understanding of the diverse ways one can accumulate and earn cryptocurrencies, particularly Bitcoin.
Now, let's delve into the concepts mentioned in the article, "Try These 7 Ways To Get Free Bitcoin."
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Airdrops: Airdrops involve the free distribution of cryptocurrency tokens by companies to promote their platforms. Users can earn these tokens by performing specific actions or meeting certain requirements. Airdrops are a common marketing tool in the crypto space to attract users to a new project.
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Bounty: Bounties are rewards given in cryptocurrency tokens in exchange for completing tasks, often related to development work. In the context of the article, individuals working with crypto companies can earn free Bitcoin or other crypto rewards by completing specific tasks as developers.
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Brave Browser: The Brave Browser is a privacy-focused web browser that allows users to earn cryptocurrency rewards, including Bitcoin, by opting to view ads and blocking data-sucking ads. Users are incentivized for their attention and data by receiving crypto tokens or gift cards.
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Cloud Mining: Cloud mining involves mining cryptocurrency without owning the physical mining hardware. Users can rent cloud computing resources from certain companies, allowing them to earn free Bitcoin without the need for specialized equipment. The article mentions Bytebus as an example of a cloud mining service.
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CoinMarketCap: CoinMarketCap provides an opportunity to earn free crypto assets, including Bitcoin, by taking lessons and quizzes related to crypto projects. The platform combines educational content with financial rewards, encouraging users to enhance their knowledge of the cryptocurrency space.
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Faucets: Bitcoin faucets or crypto faucets are websites and apps that give away free Bitcoin in exchange for completing various tasks or actions. While the amount earned per task may be small, the cumulative rewards can add up over time.
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Staking: Staking involves locking up funds in a wallet or exchange for a specific period to help secure a blockchain network. In return, users can earn rewards, such as free Bitcoin. Staking requires users to understand the risks involved, as their funds are temporarily inaccessible.
The article emphasizes the importance of researching and understanding the set requirements for each method to maximize the benefits of earning free Bitcoin. Additionally, it notes that when dealing with Bitcoin, users are typically dealing with extremely small fractions of a whole, highlighting the need to explore multiple avenues to accumulate cryptocurrency.
For more information on earning free Bitcoin, the article cites various reputable sources, including SoFi, Cointelegraph, DebtBombshell, Investing Simple, and GlobeNewswire, all of which contribute to the credibility of the provided information.
