POSSIBLE WAYS TO EARN BITCOIN
Bitcoins are a relatively new digital currency which exists only within the world wide web. The cryptocurrency does not have any value on its own, but it is created in the process of social interaction. Only because of communication, the value – and price – is formed.
Everything in the world of Bitcoin is about supply and demand – those two basic economic categories. Humans tend to value those things the most which have a limited amount or a limited potential amount.
The supply of the coins is limited, as the system’s creator Satoshi Nakamoto has foreseen. There will be no more than 21 million Bitcoins. That’s it. This is what makes Bitcoin extremely valued. On the one hand, it is half-asset, half payment unit. On the other hand, it is an innovation which turns the whole financial system, along with its unresolved security issues, centralised control, or constant inflation, upside down. It is no wonder that the demand remains quite high among those who know what Bitcoin actually is.
Everyone wants their free Bitcoin
Under such circumstances, everyone wants their Bitcoin. While their supply is predetermined and the demand only grows, the price remains very competitive, as the people see the thing’s value. Currently,as at the time of writing, one Bitcoin is worth approximately $570.8 USD, which is not what an average person can invest at once into something which is of a very volatile nature. Everyone though would like to know how to get free Bitcoins fast and with no hassle.
How to get Bitcoins for free
For those who do not want to buy Bitcoins, there is an alternative solution – they can accumulate an entire coin while using various tools that explain how to get free Bitcoins fast.
1. ChangeTip
While Bitcoin costs over $200, it can be divided into really small fractions, one hundredth of a millionth of Bitcoin. They are called satoshis, and every single one of them currently equals less than one millionth of a dollar. Thus, it has been known a perfect solution for micropayments. The idea has been used by a Reddit-based service called ChangeTip (which then migrated to Twitter< YouTube, and Facebook).
2. Visiting websites or doing small tasks
Another way of receiving small amounts of coins is visiting Bitcoin-related websites or doing small tasks on the web. There are numerous websites which provide this opportunity to earn some free microBitcoins. For example, you can see FaucetBTC. It can be anything that you get paid for, from just visiting the pages and staying on them during a certain amount of time to playing games and doing surveys. You can do the latter on BitcoinGet and BitcoinReward.
3. How to get free Bitcoins fast with Faucets
A popular word in the Bitcoin community is ‘faucet’. In other words, faucets can be called just giveaways. They work on the principle described above – you earn your free coins with a predetermined regularity, for example, every 5 minutes, 1 hour or every day. The websites offer absolutely different kinds of activities for which users get paid.
While a few faucets offer fixed amounts of coins, other provide satoshis within a particular range. For example, FreeBitco.in offers payments in between 300-something satoshis to 0.3 BTC, MOONBIT , BITCOIN REWARD and on Crococoin, you have a chance to win an entire Bitcoin. A majority of websites will offer visiting pages, watching videos, or even playing games.
Faucet is an important part of any respectable dice website in the crypto community. On sites like DiceCoin.io, you receive 0.00001 BTC or 1,000 satoshis every five minutes, but on the condition that your balance is empty. There is a similar condition on PrimeDice, but the amounts are smaller – 0.000002 BTC. Of course, you can multiply your coins by making bets and being lucky.
4. The Risky Way: Gambling
Bitcoin is thought to be perfect for gambling. First of all, it allows making small bets, which is good when you play for fun or as a hobby. As it has been highlighted above, one of Bitcoin’s strong parts is that it is highly divisible. You simply cannot deposit one cent in a real casino and start gambling with it, but you can do that when playing for Bitcoin (or Bitcoin fractions).
One of the most popular gambling websites for Bitcoins is SatoshiDice with Erik Voorhees as its creator. It is unique because you can play even without using their website – you just send the transaction to a particular address, and then you see whether you won anything or not.
Numerous poker sites, casino sites, slots, etc. are also to your service. Many of them offer faucets, but, in general, you have to know how to get free Bitcoins fast on your own. You can apply your own winning strategy or just follow your intuition. While you might be an experienced gambler, you should always be cautious and not bet more than you can allow losing.
5. Getting Bitcoins through Trading
Trading is one of the most popular ways to start earning a crypto-fortune. In some ways, it is similar to gambling, especially in the world of cryptocurrencies where the price of a coin might change in a blink of an eye. However, trading is more like a science with its methods, strategies, and tools. Many people regard trading as their main activity which allows them earn a pretty good living.
If you want to know how to get bitcoins for free with trading, you should keep your nose in the wind and follow the guidelines. A skill that every successful trader should have is the ability to read charts.
6. Micro Earnings - This is probably the easiest niche to get into, but it’s also the most time consuming. Methods that belong to this niche usually take up a lot of time and pay a fairly small (almost irrelevant) amount of Bitcoins. Even if you have a lot of free time on your hands, this still won’t bring you too much income. Also, some of the websites that pay out micro earnings have built-in malware and viruses, so you need to stay safe and not click any links you don’t trust.
PTC or Paid-to-Click websites ($0.4/hour on avg.)
As the name suggests, these are websites that will give you small amounts of Bitcoin for viewing ads and visiting websites. The most popular PTC website today is ads4BTC. The site will give you a choice between 5-second ads, 10-second ads and 20-second ads, as shown here:
7. Writing for blogs and news sites ($31.25/hour on avg.)
If you think you have enough knowledge to contribute about Bitcoin, you can always become a writer for a blog or a news site. Many sites need to fill up a daily quota of posts, and they are desperately looking for writers.
But writing a good blog post takes time. If you want to become a writer, the best way to find Bitcoin blogs that are looking for writers is through Coinality, which aggregates all of the Bitcoin jobs being posted online.
I’m going to be brief about this option. Bitcoin mining is not a way to earn Bitcoin fast or free. It takes a lot of time, research and money that you’ll need to invest into mining equipment. If you’re a newbie, then you probably shouldn’t be pursuing this. If you’re a veteran, then you probably already know this.
Sure, you’ll be able to generate Bitcoins even if you use your own PC at home, but if you use a mining calculator, you’ll see that you’ll be making 0.00000968BTC a day ($0.0043) and spending perhaps 100x that on electricity bills or cooling down your computer (in hopes it doesn’t get ruined in the process).
Some of you may say “but I saw some cloud-mining websites that allow me to profit without the need to pay the expenses involved in mining”. Well, in that case, you are on your way to being SCAM, most, if not all, Bitcoin cloud mining websites are ponzi schemes that rarely actually use your investment to mine Bitcoins.
9. Bitcoin affiliate marketing
The idea of an affiliate program is that you promote someone else’s product and they pay you in return for sales you bring in. So, for example, I can promote TREZOR (which is actually an awesome product that I personally use), and if someone decides to buy TREZOR and they came from my site, I get a commission for it.
The idea of an affiliate program is that you promote someone else’s product and they pay you in return for sales you bring in. So, for example, I can promote TREZOR (which is actually an awesome product that I personally use), and if someone decides to buy TREZOR and they came from my site, I get a commission for it.
There’s no such thing as easy money
There you have it; this is the full array of possibilities to earn Bitcoins online today. As I said in the beginning, there’s no such thing as free Bitcoins – in each of these options it will either cost you time or money to generate more coins.
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