Investing in Bitcoin has become more popular among younger generations, who see the value in its technology and potential applications. However, there is one major setback – around 56% of millennials don’t have enough money to start investing. In a world where high student loans and low work supply are the new normal, Bitcoin maximalists need to find alternative ways to acquire the popular cryptocurrency.
If you are wondering how to get free Bitcoins without mining (or any other upfront investment), you’re in the right place. This article will delve into the 5 best ways to get free BTC and offer all the resources you need to help you get started. After reading this post, you will be able to start getting Bitcoin by simply using your time in a constructive way. Let’s get started!
- Before we delve in – make sure you have a BTC wallet
- How to get free Bitcoins without mining
- 1st Option: Get free Bitcoin by educating yourself
- 2nd Option: Participate in bounties
- 3rd Option: Receive Bitcoins by shopping online
- 4th Option: Take surveys
- 5th Option: Unlimited Bitcoin faucet opportunities
- Is the effort worth the reward?
- More Bitcoin earning opportunities coming in the future
- Wrapping up
- Frequently Asked Questions
Before we delve in – make sure you have a BTC wallet
Free Bitcoin rewards are paid into your private Bitcoin wallet. Therefore, you will need to make sure you have a wallet ready to accommodate the payments you’re about to receive. If you don’t yet have a wallet, watch the following video to learn how to create one:
Blockchain wallet is one of the best options for beginners, and thus an excellent choice for the payouts you’re about to receive. As soon as your wallet is set up, you can start exploring the different Bitcoin earning opportunities.
How to get free Bitcoins without mining
In the following sections, we will not discuss the process of Bitcoin mining, as the method is quite pricey for beginners and not as rewarding as it used to be. Instead, we will discuss the opportunities that make the most sense in 2021 and beyond.
Keep in mind that not all the options are equally rewarding, but they can all complement your efforts to collect more BTC ahead of the inevitable bull market that we’re about to part of. Here are the 5 best options to learn how to get free Bitcoins without mining:
1st Option: Get free Bitcoin by educating yourself
One of the largest bottlenecks in the crypto space is the lack of knowledge for the applications of new blockchain-based projects. For most people, the tech language used to describe the goals and features of new cryptocurrencies does not spark any interest. Instead, the thing that matters most is a coin’s profit-making potential.
Several cryptocurrency exchanges picked up on this issue since the latest bull market of 2017 and started working on possible solutions. Soon enough, a new model was introduced to the industry; users can now learn about a project’s fundamentals and receive free cryptocurrency as a result.
Why is this important?
Because new crypto projects and cryptocurrency investors are both rewarded through the action:
- New projects can grow their community and increase awareness of their project’s goals, all while creating a new “wave” of educated coin-holders (the main difference between airdrops and bounties).
- New users receive an incentive for their time. By learning about a project’s fundamentals, users receive a payment in the form of the cryptocurrency they are learning about. For many users, the amount can be much higher than other money-making opportunities, which makes it even more luring as an earning opportunity.
How to get started
At the time of this writing, there are several websites that allow their users to get crypto while learning about it. The two most popular and trustworthy options are:
2nd Option: Participate in bounties
Bounties have been a part of the crypto world since the early days of altcoin development. The process evolved over the years and has been very rewarding for some. But what exactly is this process all about?
In short, when a new cryptocurrency is introduced to the market (before its ICO or Airdrop phase), the team creates a bounty with the purpose of raising awareness and ensuring the security of their platform.
- Users get rewarded by taking specific actions, like sharing social media posts and leaving comments.
- Developers can try to find exploitation opportunities in the platform and get rewarded for doing so.
- Influencers can collect hefty affiliate rewards by creating content (blog posts, videos, etc.)
Why is this important?
A new cryptocurrency receives its value from the demand of the market. And this demand is primarily built through a loyal community. This is where bounties come in.
The concept is a cheaper and more old-fashioned way for new crypto projects to grow their audience and ensures that their project is good to start (no bugs, malfunctions, etc.). And obviously, it helps users get free BTC without mining. Keep in mind, however, that bounty rewards are not paid out instantly. In most cases, they are distributed after the bounty period is completed.
How to get started
The two most popular ways to find new bounty opportunities is through the following platforms:
- BitcoinTalk forums – Less quality, more quantity
- Bounty0x website – More quality due to paid listings, but less quantity
3rd Option: Receive Bitcoins by shopping online
Another BTC earning model that has increased in popularity is that of cashback. You can now use your everyday online shopping experiences to grow the value of your portfolio. Here is how it works:
- Download a browser extension that supports cryptocurrency cashback (more on that below)
- Shop from merchants that have partnered up with the service, and receive a Bitcoin reward after your purchase.
- Note that your reward is paid out in the service’s BTC wallet. From that point onwards, you can withdraw the amount to your private wallet.
Why is this important
Cashback services are very popular in traditional business models. Companies use a small incentive to increase repeat purchases and, in turn, their customers’ lifetime value (CLV). By paying rewards in Bitcoin, many merchants open up to a brand new, tech-friendly target audience that can drive additional purchases to their stores.
In recent times, crypto credit/debit cards are also starting to offer cashback opportunities. However, the rewards are paid in a native cryptocurrency and not in Bitcoin.
How to get started
The two most popular ways to get Bitcoin from your online purchases are:
- Lolli – Supports more than 1000 stores but is only available in the US.
- Pei – Global availability, more store options, $5 sign-up bonus.
4th Option: Take surveys
More often than not, cryptocurrency exchanges host feedback sessions via email. When such opportunities arise, users can give their opinion through a 5-minute survey and enter in a small pool of people that can win free cryptocurrency. While the amount is usually paid in stablecoins, it is directly credited to your exchange wallet, making it easy to swap it for BTC.
Additionally, you can also fill in surveys in exchange for a small BTC payment on several platforms. While these offer guaranteed payments, the rewards are quite small compared to the other earning methods in this list. We will list the most trustworthy platforms in the following chapters.
Why is this important
Bitcoin is a great alternative currency, thanks to its borderless nature, instant transactions, and low fees. As such, it makes an excellent reward for survey-filling tasks.
On top of that, when cryptocurrency exchanges send out surveys to their users (with a potential incentive), they can improve their offer and get a better understanding of their audience. Since the crypto industry is still in its infancy, this process is very important for continued growth and development.
How to get started
Alternatively, if you wish to get paid in exchange for filling out multiple surveys, consider exploring the following platforms:
5th Option: Unlimited Bitcoin faucet opportunities
Commonly known as free Bitcoin earning sites, Bitcoin faucets are platforms that offer users the opportunity to stack Satoshis by completing tasks and doing certain activities. These include:
- Playing mobile/desktop games
- Completing reCaptcha’s (proving you’re human)
- Watching advertisements or videos
- Providing your details or email address
- And more…
These actions generally aim to capture user attention to promote products. The reward that users receive is usually lower than the cost of engagement (CPC) which makes this opportunity also less rewarding when compared with other options out there. However, for those that would anyways spend time playing games on their mobile, it can be a great passive income opportunity.
Why is this important
As the digital world becomes more sophisticated, personal information and user attention are becoming more valuable. For that reason, fewer people are willing to provide their data to third companies. A great way to combat this trend is by providing cryptocurrency incentives as a reward.
- For companies, this effort improves personalization strategies in marketing campaigns.
- For users, the Bitcoin incentive makes data collection practices less annoying, and the process more honest.
How to get started
You can check this website for a complete list of all the free bitcoin faucets. Note that, in time, you should be able to collect enough Satoshis to get 0,1 BTC free, or even more. It’s all a matter of consistency.
Is the effort worth the reward?
For many people, especially those living in developed countries, spending lengthy amounts of time in hopes of earning small Bitcoin rewards might not be the best strategy. If your primary goal is to stack as many Satoshis as possible, there might be better ways to tackle the challenge.
More specifically, you can learn how to get free Bitcoins without mining by doing the following:
- Get a normal day job that pays more for your time and reinvest your income into Bitcoin.
- Start writing content for Coil and get paid in crypto depending on the time readers spend reading your piece.
- Listen to your favorite music through Audius and get paid along the way.
- Download Brave browser and start earning BAT coins when surfing the web.
For most people, the options presented above are simply an “extra” way to turn your free time into Satoshis. As such, when learning how to get free Bitcoins without mining, it’s best to not expect high earnings.
More Bitcoin earning opportunities coming in the future
As the crypto space continues to evolve we will see more industry giants coming up with new earning methods. A good way to estimate what is coming in the future is to look at all the existing earning opportunities among more traditional financial products.
Take Binance for example. The popular trading platform has released a wide array of financial services in the duration of the latest bear market, including double-digit staking opportunities, high-yield savings accounts, and participation in new project offerings. While most options require an account at the exchange in question, we can expect to see these options transcend the centralized system, as Decentralized Exchanges (DEX) continue to increase in popularity.
If you made it this far, you should now know where and how to get free Bitcoins without mining them. The opportunities are many, but not all are equally rewarding. In this article, we gave a detailed overview of the following options:
- Get free Bitcoin by educating yourself
- Participate in bounties
- Receive Bitcoins through online shopping
- Earn by filling out surveys
- Find the best Bitcoin faucets
Aside from the 5 methods shown above, there are many more ways to get free Bitcoin online. As such, it would be best to further explore the available opportunities by doing your own research.
If you enjoyed reading this post and wish to find out more about Bitcoin and the different ways you can earn it, make sure you check this post and learn more about all the available options.
Frequently Asked Questions
Do you wanna learn more about the different opportunities when it comes to earning free Bitcoin? The following section further educates readers with the opportunities and threats of doing so.
What are the risks of getting free bitcoins?
Very often you may see social media posts promoting the opportunity to earn free bitcoin by sending a smaller amount first or providing some sensitive personal data. In both cases, the risks are much higher than the potential rewards, as you are most likely about to become a “phishing” victim. Phishing is a popular scamming method that cybercriminals use by pretending to be celebrities or prominent figures. They will ask you to do a very simple task which involves you giving up crypto or data that leads to the access of your crypto, in order to (supposedly) receive a higher reward. In this case, the smartest thing you can do is to live by the quote “If it sounds too good to be true, it is probably not true”.
Learning how to get Bitcoin without mining hardware
If you wish to learn more about the process of getting crypto, the steps and strategies you should follow, as well as the different ways to acquire it, we advise you to browse our blog. Mining is but one of the many ways you can use to build up a sizeable Bitcoin portfolio, and we are currently in a time where earning is still very easy for the retail crowd. Hence, it might be a good idea to bookmark this website.
Can I get free Bitcoin wallet to store my crypto?
Yes, most Bitcoin wallets are free. The best thing you can do is try to find a wallet with a minimalistic interface, with the ability to store your funds in cold storage, using a non-custodial system, while always offering the opportunity to operate it without having to go through KYC. The only wallets you will need to pay for are hardware wallets, small USB-like devices which store your private keys safely.
How can I get free Bitcoins now?
There are two ways to start earning Bitcoin right now. First, you can head over to CoinMarketCap and visit the Earn section, where you can watch videos and solve quizzes in order to receive cryptocurrency. You can then swap this cryptocurrency for Bitcoin and store it safely in your wallet.
The second way is by educating the crowds around you about the potential of Bitcoin and giving them your referral link. By them singing up underneath you, each and every trade they perform will lead to you earning a small amount of free Bitcoin or other cryptocurrencies.