How To Get Free Bitcoins With These 5 Methods
17-09-2020, 14:35 7
Copyright on text and image: BlockFi.com
Buying bitcoin is a great investment for the long-term, but if you’re unable to purchase as much bitcoin as you would like, you can always earn additional bitcoin for free online. Not many people are aware that free bitcoin is there for the taking. In fact, there are four terrific ways to earn bitcoins for free online. You can join purchase reward programs, open an interest-bearing bitcoin account, become an affiliate marketer, and even get paid to mine bitcoin without any specialized hardware.
Shop Online and Earn Bitcoin
You can do more with bitcoin online than simply purchase things. You can also use your everyday shopping experiences to increase your bitcoin account. How? By using a bitcoin cash-back service like Lolli. When you buy an item from one of Lolli’s more than 500 merchant partners, you’ll receive a reward in the form of bitcoin. Lolli’s list of partners includes some of the best-known online merchants. These include 1-800-Flowers, Best Buy, Bloomingdale’s, CVS, Hilton, Macy’s, Marriott, Office Depot and OfficeMax, Old Navy, Topman, and Walmart. The first step to earning cash-back in Bitcoin from your online purchases is to download the Lolli browser extension. Then, when you visit a supported retailer’s online store, the browser extension will notify you to enable your cash-back. Once the purchase is confirmed by Lolli and the retailer, Lolli will confirm your cash-back earnings. As you purchase, Lolli will add the crypto rewards to your Lolli wallet. You can transfer or withdraw the bitcoin from your Lolli account once your balance reaches $15 and once the merchant’s reward locking period has expired. The normal time between a purchase and a transfer or withdraw is 30-90 days. When you’re ready to withdraw, you can input your BTC wallet address of choice and Lolli will send you your free Bitcoin. For withdrawing Bitcoin to a wallet address, you only incur blockchain transfer fees. You can also have your earnings sent to your bank account in USD with a minor fee of $0.25. Really easy. Another great thing about Lolli is that they will pay you even more free Bitcoin if you refer your friends. The amount of bitcoin you receive per purchase grows as the number of people connected to you increases, meaning that your cash-back rewards increase the more people you get to use Lolli. Very cool.
Want to earn even more free Bitcoin from shopping online?
Another company offering cash-back in Bitcoin is Pei, a mobile app that gives you the flexibility of shopping for bitcoin rewards using your smartphone. Begin by linking one or several of your accounts, credit, and debit cards to your Pei account securely via Plaid. When you use a linked card or account to shop at a participating merchant, you earn cash-back rewards in the form of Pei points, which can be converted to BTC. Pei Points and converted into Bitcoin as an mBTC value. An mBTC is one thousandth of a BTC (1 mBTC = 0.001 BTC = 100,000 satoshi). You can transfer your bitcoin from your Pei account to a wallet address of your choosing for free. Sooner or later you’ll want to shop at a store that’s not a Pei partner. Normally, that would mean that you’d miss out on earning bitcoin rewards. However, if you take advantage of Pei’s royalty program, you can unlock cashback for any purchase you make with the debit or credit cards you connect to Pei. This significantly maximizes your earning potential of free Bitcoin. One of the best things about Pei is that you can “triple dip” and claim your bitcoin cash-back rewards on the same purchase that you use your credit card rewards and Lolli purchases. Pei’s partners include the places where you may already shop such as 7-Eleven, AMC Theaters, Burger King, Nordstrom, Panera Bread, Petco, Starbucks, Taco Bell, Target, and Walgreens. It’s hard not to earn free Bitcoin using Pei and Lolli.
Open a Crypto Interest Account to Earn Free Bitcoin
A lot of crypto investors buy Bitcoin as a long-term investment, only to find out that there isn’t much else they can do to grow their overall holdings. Let your cryptocurrency do all the work by earning free crypto in the form of interest by storing it in a BlockFi Interest Account (BIA). Of course, the big question is how much interest can you earn? BlockFi offers up to 8% annual interest. The interest is compounded monthly so, over the course of a year, the annual yield would be up to 8.6%. You can create an account in as little as two minutes. Your interest begins to build on day one. There are no minimums to earn interest. The account is available to crypto investors worldwide, with exceptions for locations where we’re legally unable to operate. How can BlockFi can afford to pay interest? The funds to pay interest on accounts come from lending crypto to trusted institutional players. These loans are generally over-collateralized for the protection of BlockFi client funds. BlockFi also uses a robust automated risk management system to continually oversee its financial positions. Additionally, BlockFi Interest Accounts are prioritized ahead of the company’s capital. That means that your money is protected behind that of the company. In the event of a financial reversal, BlockFi would absorb a monetary loss before you would. Sign up for a BIA in less than 2 minutes.
Start Crypto Mining to Earn Bitcoin
Crypto mining is another path to earning bitcoin online. But what’s crypto mining? Miners are the back-bone of the blockchain. Using specialized hardware, they complete complex calculations in order to confirm and facilitate the exchange of value over the blockchain. Miners test the validity of each transaction by subjecting it to a sophisticated cryptographic puzzle and submitting it for other miners to confirm and come to a trustless consensus on each transaction that hits the blockchain. And as a reward for completing these calculations, miners earn block rewards in the form of crypto. Serious miners use Application Specific Integrated Circuits (ASIC), which is specialized hardware more capable of handling the heavy demands of crypto mining. Generally speaking, mining requires quite a bit of computing power. But there are now computer programs that will perform all the needed functions without the need for specialized hardware. Companies like Honeyminer and NiceHash make it as easy as downloading and installing software to begin mining cryptocurrencies on your home computer. Honeyminer is a great way to start mining cryptocurrency without having to buy expensive hardware. Once you download and run the program, Honeyminer will use a portion of your computer’s computing power to mine cryptocurrency with the rest of their community. This solution is a form of “cloud mining,” which uses the power of a network of computers to harness the power and computing-intensive work necessary for successful crypto mining. How much free bitcoin you can earn depends on a number of variables, such as the power of your graphics card, overall crypto market conditions, and the current difficulty of mining certain cryptocurrencies. With Honeyminer, newer PCs can make anywhere from $15-$75* per GPU per month. You can calculate how much free bitcoin you can earn using Honeyminer’s crypto calculator. One thing to consider is that running intensive programs like these can have negative effects on your computer over time, such as wearing down the hardware before the end of its expected life cycle. Many users will install the software on older computers that they don’t use as their primary devices. This is a great way to get more out of old machines without having to compromise your everyday computer. The more powerful your computer, the more free bitcoin you’ll be able earn. To optimize your setup for, you should try to have a late-model computer with one or more excellent Graphics Processing Units (GPUs). Ideally, this computer should be dedicated solely to mining 24 hours per day to maximize your earnings.
Take Surveys to Earn Free Bitcoin
If you’re open to answering questions and helping companies with market research, taking surveys could be a great way for you to earn free bitcoin. There are several companies that offer opportunities to take such surveys, but one of the largest survey companies offering bitcoin as a reward is Time Bucks. Within their platform you’ll be able to select which surveys you’d like to complete and what your payout will be. The surveys that you’ll be offered vary depending on the companies presently partnering with Time Bucks and if they view your profile as a good fit. In addition to taking surveys, Time Bucks also rewards users for watching videos, voting, installing free apps, playing games, and performing web searches. If you’d like to earn bitcoin in a more passive way, there is an option to get paid out for simply keeping a tab open on your computer that mines cryptocurrency in the background.
Free bitcoin payouts to users happen once per week and the minimum withdrawal is $10 worth of bitcoin. The earning maximum for a user during their first day is $50 worth of bitcoin. After a user’s first day, likely daily earnings are between $10-$20 worth of bitcoin per day. If you’d like to earn even more free bitcoin, Time Bucks offers a referral program that pays out a percentage of each referral’s account earnings. Although you probably won’t become a millionaire taking surveys, this could be a great way to start increasing your bitcoin earnings.
Become an Affiliate Marketer and Earn Bitcoins for Free
Affiliate marketing offers another method for the average person and business to earn bitcoins for free online. If you have an online following, you can generate additional income by directing your friends and followers to do business with companies willing to reward you for steering new customers their way. Your followers click on a unique URL the merchant will give you when you join their affiliate or referral program. That URL will track any purchases made by your network and credit your account with the rewards. The commission per sale will differ from merchant to merchant, but if you have a large readership, an affiliate program may provide a sizable stream of income. A popular Bitcoin affiliate program is the one offered by Coinbase, arguable the biggest exchange for buying and selling Bitcoin in North America. When one of your referrals buys or sells $100 or more of Bitcoin within 180 days of opening an account, you earn the bitcoin equivalent of $10 in Bitcoin. BlockFi also has a great affiliate program that helps you earn crypto when you refer anyone who opens a new BlockFi Interest Account and funds. The best part? There’s no limit on how many people you can refer. That means that there’s no limit to how fast or how large you can grow your BlockFi personal Interest Account. Feel free to share your referral code to anyone and everyone you meet.
Start Earning Free Bitcoin Online Today
By now it should be obvious that it isn’t difficult to earn free bitcoin. Sometimes it’s as simple as shopping at your favorite online stores. Other times it’s just a matter of opening a bitcoin interest-bearing account or directing your faithful social media followers to a website. You can even play a role in helping the Bitcoin community by volunteering your computer to mine bitcoin. You don’t have to try all the methods at once. Give yourself a chance to experiment with whichever method seems the easiest to you. Then once you’re comfortable with that way of earning bitcoin, add another and another and another. After all, why work for your bitcoin when it could be working for you?