Bitcoin is a virtual currency used for exchange, just like money or fiat currency. The only difference in Bitcoin is that it works on blockchain technology to keep transactions decentralized and out of the control of any centralized party. It facilitates secure peer-to-peer transactions on the Internet.
Bitcoin is emerging as an alternate means of exchanging funds without the involvement of a centralized system. This is why it is becoming increasingly popular, and more and more people and businesses accept it.
Let’s skip to the best part now that makes Bitcoin attractive—the possibility of earning it for free. There are different ways to earn Bitcoin for free, from giveaways and airdrops to referral programs and staking. Read with us as we educate you on how to earn Bitcoin for free in different ways while maximizing security.
Key TakeawaysHow to earn free Bitcoin?Additional ways to earn free bitcoinEnsuring safety while earning bitcoin
How to Earn Free Bitcoin?
With the rise in Bitcoin prices, people are constantly looking for ways to earn Bitcoin for free. We have listed each legitimate way to earn Bitcoin for free.
1. Airdrops and Giveaways
Bitcoin airdrops are a marketing effort in which the new cryptocurrency is sent to the wallets of the active members of blockchain currency. This is done for free to promote the new currency or in exchange for a small activity, such as retweeting a company post. This promotes the coin circulation of a new currency and benefits the members by getting free coins.
As soon as a new currency is listed on an exchange as an initial coin offering (ICO), a crypto airdrop is performed to bootstrap the new virtual currency. To qualify for the airdrop, you must have a minimum number of crypto coins in your wallet or perform a small activity required by the issuer.
There are different types of airdrops, such as standard airdrops, bounty airdrops, holder airdrops, and exclusive airdrops.
Additionally, crypto giveaways work similarly, giving free crypto prizes to random participants and aiming to promote a new type of currency.
2. Referral Programs
Another way to get free crypto is through referral programs. Each time a new customer signs up, they get a unique referral code to share with others. Now, whenever a new customer joins using that referral link, the referrer and the new customer get rewards in the form of free coins. These coins are generally credited instantly to the users.
This program rewards existing customers for referring new customers, encouraging them to recommend the platform to others and sharing their referral code. It’s simple, the more you refer, the more you earn.
3. Bitcoin Mining
Another more complicated way of earning free Bitcoin is through mining. It involves solving complicated math problems that verify transactions. The free Bitcoin is provided as a reward to the successful miner. The miners must be the first to arrive at the solution or have the closest answer to get the free Bitcoin. The possibility of winning free coins gets harder as more and more miners join in. However, other factors are involved in Bitcoin mining earnings, such as electricity and upfront equipment costs.
There are two types of mining:
- Traditional Mining: This form of mining requires investment in mining hardware (ASICs or GPUs) and ongoing maintenance costs, such as electricity and hardware upgrades. It also requires technical expertise to set up and configure. Due to physical constraints, this method is less scalable and is exposed to risks of hardware and technical failure.
- Cloud Mining: There is no need to invest in mining hardware or maintenance, and cloud mining service providers handle the setting up and configuring process and ensure optimal performance. It is more scalable with the possibility of adjustments in contract sizes and is exposed to platform reliability concerns.
3. Staking and Interest Accounts
When looking to earn passive income through Bitcoin, staking is the best choice. Under this process, you block your crypto assets for a specific period to help facilitate the blockchain’s operations and earn more cryptocurrency in exchange. Several blockchains employ a proof-of-stake consensus mechanism that involves validating transactions on the blockchain network to earn rewards.
Additionally, there are crypto savings accounts that work just like normal savings accounts. Users deposit amounts from their crypto wallets on their crypto exchange, which is loaned to other users. Meanwhile, the depositors can earn interest on their crypto assets.
4. Play-to-Earn Games
Bitcoin play-to-earn games give you real Bitcoin. Different Bitcoin games have different methods of granting free Bitcoin. Some of the popular games are:
- Blockchain Gaming Platforms: The blockchain platforms reward the payers with a specific number of bitcoin currency each time they defeat an opponent.
- Bitcoin Blast: This is the classic game of tic-tac-toe, which allows you to accumulate Blling points that can then be converted to Bitcoin.
- PlayDoge: This game uses the Tamagotchi style of the 90s, with a Doge meme character. You have to feed it and keep it well to earn the bitcoin currency.
Additional Ways to Earn free Bitcoin
While these are some of the most common ways of earning bitcoin, let’s consider alternate methods.
1. Crypto Credit Cards and Cashback Programs
Crypto credit cards let you earn a percentage of the total cash value spent as a cryptocurrency reward. For example, you can get a 1.5% return whenever you use your crypto credit card to purchase things.
You can also earn cryptocurrency as a reward through cashback programs for specific actions, behaviors, or achievements that can be converted to cryptocurrency. Two of the popular cashback and crypto reward programs are Lolli and Crypto.com.
2. Surveys and Microtasks
Multiple survey sites, such as TimeBucks, Bituro, and FreeBitcoin.io, pay in Bitcoin for completed surveys. To use these sites, you must sign up, complete the survey, earn bitcoins, and redeem them.
Similarly, you can get free Bitcoin currency through platforms that give Bitcoin currency for completing microtasks. Some examples of such platforms include Freecash.com, Cointiply, and BitTask.
3. Learn and Earn Programs
Lastly, you can also earn free bitcoin by participating in educational activities that reward you with bitcoin for successfully competing in courses and quizzes. All you have to do is fund a platform that provides such educational programs, complete them, earn bitcoin, and redeem them. Some notable platforms and courses offering Bitcoin as a reward are Coinbase, Binance, Revolut, Robinhood, etc.
Staying Safe While Earning Bitcoin
Earning money through cryptocurrency is legal, but it’s exposed to risks. You can be a target of scams if you do not pay attention.
Avoiding Scams and Fraud
Identifying fake crypto scams, especially social media posts promising users will get double crypto by depositing some of their crypto assets in an address, is crucial. This is usually done through fake social media profiles that impersonate celebrities.
Another common fraudulent practice is trading bot websites and phishing emails that encourage people to click on links that will instantly infect the device with malware.
To keep yourself safe from these scams, following some best practices for safe participation is crucial. These include:
- Keep your Bitcoin Secure: It is crucial to keep your Bitcoin secure by enabling two-factor authentication that requires two authentication steps before granting access to the account.
- Use Reputable Wallets and Exchanges: To ensure safety, it is crucial to use only reputable platforms for games, education, bonuses, and free coins.
- Use a Secure Wallet: Crypto wallets help keep your funds secure, so choose a secure wallet and keep a secure backup of your wallet’s recovery.
- Educate Yourself: It is crucial to be aware of all the scams and educate yourself on the best crypto practices to make informed and safe decisions while earning free crypto.
Conclusion
There are multiple methods to earn free Bitcoin daily. You can choose one that works for you based on your time and attention. However, if you are looking for a method that doesn’t waste your time or attention, the best way to earn free Bitcoin is by staking your crypto assets. Mudrex makes this easy by giving you a straightforward manner to stake your coins using the Mudrex Earn feature.
Download Mudrex Now and Start your Crypto Journey
FAQs
- How do you get free Bitcoin every day?
You can get free Bitcoin daily through education platforms, playing crypto games, airdrops, referral programs, mining, and staking.
- Can I earn crypto for free?
Yes, you can earn crypto for free through platforms that provide crypto coins in exchange for basic services or as rewards for completing tasks and scoring points.
- How to get 1 Bitcoin?
You can earn one bitcoin by mining, lending, trading, claiming airdrops, and participating in incentivized learning.
- Which app gives Bitcoin for free?
Several educational platforms, gaming apps, and referral programs provide free Bitcoin prizes. These include Mudrex, Coinbase, Xapo, Spare, Cointracking, etc.
