How To Earn Bitcoin 13 Ways To Earn Free Bitcoin In 2021

How To Earn Bitcoin 13 Ways To Earn Free Bitcoin In 2021 August 08, 2021 Earn Free Bitcoin 13 Ways to Make Money with Bitcoin 1. How Can I Earn Bitcoins Online for Free? People tend to think that because Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or make money from it easily. I’m sorry to burst the bubble, but Bitcoin is just like any other currency out there. Just like there’s no easy, risk free way to make a quick buck there’s no magical way to earn Bitcoin. While cryptocurrencies in general may hold some new possibilities for generating income the basics are the same – you’ll need to invest time, or money in order to make money. I’m going to cover 13 different ways you can earn Bitcoins in this post. Each method I’ll cover will be graded according to the following factors: How much effort does it take to use this method? How much money can be made through this method? How risky is this method? All of the methods I’ll go over are things I’ve actually tested myself, so rest assured I’m talking from experience. 2. Shopping rewards Effort – Low Income – Medium Risk – Low You can earn free Bitcoin when doing your regular shopping online. Using shopping reward companies you need to download an extension to your browser, use it as a checkout on various brands and earn up to 30% cashback on your purchases. This is a great way to earn Bitcoins while shopping for stuff you were gonna buy anyway. Lolli is a US shopping rewards company that gives users 30% cashback in Bitcoin rewards when they shop online at over 1,000+ top merchants including Nike, Booking.com, Macy’s, Staples and more. CoinCorner is a UK company that also supports well-known brands like Booking.com, O2, Europecar and Vodafone and also lets you earn Bitcoin rewards on cashbacks. 3. Interest-bearing accounts Effort – Low Income – Medium Risk – Medium If you already own cryptocurrency, you can deposit it in an interest-bearing account and gain interest on it. There are several companies that supply this type of service, the most popular ones being BlockFi, Celsius Network, Crypto.com and Nexo. Most companies that supply Bitcoin loans also allow customers to lend out their Bitcoins for interest. If, for example, you don’t need cash, you can still deposit your Bitcoins and receive annual interest on your deposit. This means your Bitcoins can generate additional income for you, instead of just lying around in your Bitcoin wallet. 4. Staking Effort – Low Income – Medium Risk – High Certain cryptocurrencies allow you to lock up a portion of your holdings in order to participate with transaction validation on their network. This is known as staking and it’s the energy-efficient alternative to cryptocurrency mining. The more coins you stake the higher your chances of being chosen as a validator and earning rewards. Some popular cryptocurrencies that allow staking today are Tezos, Cardano and Ethereum. 5. Micro earnings – Faucets, PTC, Micro jobs Effort – High Income – Low Risk – Low One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is through micro earnings. This means that you’ll basically be doing small tasks and earning fractions of a coin for the time you spend. Some of the more well-known micro earnings sites are Bitcoin faucets – sites which you repeatedly visit every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of PTC websites, PTC meaning “Pay to Click”. PTC websites will usually have you click on an ad or on a button on the site in order to make money from ad sales. In return you’ll get a small amount of coins. How small? From my calculations, if you work non stop at clicking buttons you’ll average anywhere between 5-40 cents an hour. Not sure that’s worth your time or even the electricity for running your computer. 6. Owning a faucet Effort – Medium to high Income – Low to medium Risk – Medium While participating as a faucet user might not earn you a lot of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your site. At 99Bitcoins I ran my own faucet for almost 3 years until I decided to focus on other things. Depending on the advertisers you’re using and the amount of traffic you have you can make up to $1000/month running a faucet. However, running a faucet requires a reasonable amount of time and effort. You’ll need to set up your own website, manage users, prevent fraud and also bring some initial capital to fund the faucet when starting out. Here’s my beginner’s guide to running a faucet. 7. Running a signature campaign Effort – Medium Income – Low Risk – Low Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum, started running signature campaigns. Simply put, you could use your BitcoinTalk signature to advertise a product and get paid for every post you write. The complete list of campaigns can be seen on the forum itself. With a signature campaign you get paid according to your membership level on BitcoinTalk. Usually, anyone with a status less than ‘full member’ won’t get paid that much, if at all. To become a full member, you’ll need at least 120 posts under your belt. There are also limitations on posts; such as length, original content, and more. Sometimes, there’s also a minimum post requirement per week. From my experience you can make up to $5 an hour depending on how much you write and your membership level. This, of course, does not include the number of posts you need to write in order to earn the required membership level on BitcoinTalk. 8. Become a crypto trader Effort – Medium to high Income – High Risk – High One of the fastest, easiest but also riskiest ways you can make money with Bitcoin is by trading it. Basically you’re trying to buy Bitcoin when the price is low and sell it when the price rises. However, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to trade and how to overcome the many risks involved with trading. Successful traders know they might lose money in the short term but they look at it as an investment in their education, since they are aiming for the long term. If you want to become a trader make sure you have the time and capital to invest in good trading education. 9. Bitcoin affiliate programs Effort – High Income – Medium to high Risk – Low to medium Perhaps one of the most overlooked ways to make money with Bitcoin is through promoting various affiliate programs. Affiliates are people who promote a certain business for free but receive a commission if they manage to bring in paying customers. Many Bitcoin exchanges, products and services have an affiliate program in which you can sign up for. You then get your own unique affiliate link in order to promote that product or service. Of course there are many ways you can promote your affiliate link – you can share it on Facebook, run ad campaigns on different websites or even set up your own information site and promote your links within the content. This is actually how 99Bitcoins got started, and I’ve even published a book about it called “My Dirty Little Bitcoin Secrets” which you can download for free. If you want to know more about this method make sure to download the book and read it from start to finish – only then will you understand the amount of work needed in order to become a successful affiliate marketer. Also, here’s a list of highly profitable Bitcoin affiliate programs which I have already field tested myself. 10. Gambling in Bitcoin casinos Effort – Low Income – Medium to high Risk – Extremely high A very obvious way of trying to increase your crypto wealth would be to gamble on it using one of the various Bitcoin casinos out there. Of course there’s not much to elaborate on this method but if you do decide to risk your money and try your luck, please make sure the casino you’re using is provably fair. A trustworthy Bitcoin casino will know that their “house edge” is enough to make a profit and therefore will want to prove to their players that they are not manipulating any results. They do this through a mathematical algorithm involving cryptography. Bottom line, a provably fair casino will show you how to check that the results of the game you play are completely random. You can find a list of provably fair Bitcoin casinos on our site as well. 11. Write about Bitcoin Effort – Medium Income – Medium Risk – Low If you’re into cryptocurrencies and have a knack for words you might want to consider becoming a crypto journalist or article writer. As the crypto industry evolves, more and more news and information websites are popping up. In many cases these sites are in need of writers as they are publishing dozens of articles each week. Since good writers are hard to find, if you can submit quality work you may be able to earn a nice revenue stream by writing about Bitcoin and cryptocurrencies from the comfort of your own home. The best ways to find work as a writer would be to look for the “jobs” section in your favorite crypto publications. You can also email specific sites you’d like to write for, or you can create a writer profile on Upwork – an international freelance marketplace. It’s best if you have some sample articles on hand before applying for a writing job as many publications would request previous work before hiring you. 12. Sell a related product or service Effort – Varies Income – Varies Risk – Varies If you’re not good with words perhaps there’s a different service you can offer. The BitcoinTalk services thread offers a wide variety of services you can provide in exchange for Bitcoin. Some of these include developing a website, marketing an online product or even becoming an Escrow agent for Bitcoin transactions. 13. Mine Bitcoin Effort – Medium to high Income – Medium to high Risk – High Many people that start out with Bitcoin are instantly drawn to the concept of Bitcoin mining. I mean, creating magical Internet money from your home computer? What could be better? The fact is, that today Bitcoin mining has become more of a profession than a hobby. It requires extremely expensive mining equipment, high electricity costs, hardware configuration knowledge and physical space to actually store your miners. Mining altcoins (e.g. Ethereum mining) is cheaper than what you’d need in order to mine Bitcoin. But this only means that the hardware will cost less. The other hassles of electricity costs, configurations, maintenance and so on are basically the same. Sometimes you’ll encounter a website or mobile app that tells you they will mine coins for you. Most of these services are pretty much useless and will usually consume your device’s computing power and battery just to give you a few cents in return. Another option is cloud mining – paying someone else to handle the mining equipment for you while sharing the profits. While this sounds ideal, most of the cloud mining sites today are just pretending to use your money for mining operations, they are in fact scams. Furthermore, while there are a few legit sites out there, the money you’d pay them to mine Bitcoin is probably better invested just buying Bitcoin (as can be seen with my Genesis Mining analysis). Of course I urge you to do your own market research since in the end, it’s your money.