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How to Earn Bitcoin

07/01/2019
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  • Bitcoin
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No one has yet been able to come up with an easy way to make money in dollars, euros or any other fiat currency but if you are not too lazy and make some efforts, you can secure a stable income in the global network. It is necessary to understand that there are no free Bitcoins and other virtual currencies, in order to get them it is required to spend certain resources. This does not mean that you will have to use personal funds to get Bitcoins.

Typically, such resources are the user's personal time spent on various tasks, such as e-mailing, viewing advertisements and others. If such an introduction to the article did not awake your interest in the question on how to get free crypto assets, consider 16 main ways to make cryptocurrency without investments.

1. Micro Bitcoin Earnings

It is easiest to get into this niche but earning here is one of the most labor-intensive activities. Users have to perform various tasks or the passing of the game, requiring a lot of free time and effort. As for payment, it is often negligible. In addition, most sites that provide the possibility of such earnings have viruses and malicious applications, so use only the verified links.

2. Bitcoin and other Cryptocurrency Games

On the Internet, there are many Bitcoin games made in various genres. Some of them allow you to earn a digital asset, which can be displayed on your wallet. The most popular site that brings together over 600 games is Bitstarz. Here you can play various gambling games without any investment - you can also receive 20 free spins as a gift if you’ll find an affiliate link! Thus, there is a great chance to earn more than 5 types of cryptocurrency and at the same time not to lose a penny.

3. PTC (Paid-to-Click) - Online Services that Pay Money for Clicks

On such sites, you can earn a certain amount of bitcoins for viewing advertisements and switching to other sites (up to $0.40 per hour). One of the best services of this type is ads4BTC. Here, users are given the choice between ads that need to be viewed for 5, 10, or 20 seconds. If you view 20-second ads for 24 hours, you can earn up to 0.0216BTC.

4. Bitcoin Faucets (Approximately $ 0.05-0.08 per Hour)

Despite the fact that the use of faucets can be quite a profitable occupation, this type of earnings is not too common. Bitcoin faucets are online services that pay a small amount of virtual currency at regular intervals. In fact, these are services where you can get free Bitcoin. For example, on the FreeBitcoin website, they give out a small number of satoshi every hour. If you count, for 24 hours you can earn no more than 0.0021 bitcoins. But many other resources pay even less.

5. Doing Small Tasks

In the global network, there are many online services that provide the opportunity to earn Bitcoin for performing small tasks. A good example is the Coinworker site. Here one can find tasks of varying complexity, the essence of which is to posting news on social networks, testing web applications and so on.

6. Sale of Goods for Bitcoin

According to data published by Google Trends, current businessmen and owners of large companies are increasingly introducing Bitcoin fees. Modern marketplaces wishing to stay on the front burner have added the possibility of selling goods for Bitcoin. Such an approach to business can attract the attention of a wide audience. Moreover, literally, anyone can make money at the sites offering the sale of goods for Bitcoin. It is enough to put on sale a product or service and expect its buyer. One of the best examples of cryptocurrency marketplace is Alphateca.

7. Get Free Digital Money due to an Online Wallet

Airdrop is free coins distributed by a blockchain platform. To get them, you need a wallet of a suitable system. For example, a cryptocurrency can use an existing blockchain platform, for example, Ethereum and then the tokens will conform to the ERC-20 standard (respectively, your wallet must support this standard). When the popular ERC-20-compatible OMG token was released, as part of its promotion, the creators transferred several coins to everyone who had an Ethereum wallet.

But there are two nuances:

  • To obtain tokens, you need to have a non-zero balance of the main cryptocurrency, such as ether.
  • You must have your own private key wallet (a cryptomarket wallet will not work).

Having your own wallet is, in principle, very important, and not only in the context of receiving free coins. In addition, it is simply necessary in the case when the hardfork of the blockchain of one or another cryptocurrency occur. When Bitcoin Cash broke off from the Bitcoin network, everyone who had their own wallet received as many Bitcoin Cash coins as many Bitcoins one had, that is, 1 BCH for 1 BTC).

So which wallet to open? For example, you can go to the site CoinMarketCap, select the list of Coins, then go to the site of the desired coin and set its official wallet. But as soon as you select the Coins filter, you will notice that there are hundreds of independent blockchains, and downloading the wallet for each of them is simply inappropriate. So let's choose the simplest option that requires minimal effort: let's get MyEtherWallet (MEW).

Most of the new tokens work on top of the Ethereum blockchain, and MEW is the most popular web wallet for this platform. So what needs to be done? Open MyEtherWallet account. Transfer any amount of ether from the exchange to MEW, for example, 0.01 ETH. Wait for distribution! Please note that the same can be done with other blockchain platforms, such as NEO and Stellar.

Encouraging airdrops occur quite often but the tokens that you receive on them mostly cost nothing. Unknown tokens thus attract users. At best, you will have a certain number of tokens, which, when running a full-fledged project, can become a breakthrough cryptocurrency with good goals and clear plans. And you, as a person who learned about this asset at the stage of development and received tokens during an airdrop will become rich.

In the worst case, you will be left without ether. Why without ether? It's very simple: 99% of tokens are based on Ethereum and when registering to participate in the airdrop, many tricky “entrepreneurs” tend to extract passwords from your wallets. In general, be careful when choosing a promising project.

Encouraging airdrop implies that you will receive a reward in the form of tokens only after performing some simple actions. For example, after registration or repost. Assignments that come up can be very different. Most often it is any kind of social activity on the Internet.

Airdrop is not easy to find. Start by looking for a developing project. Search better on crypto forums, special platforms (for example, BitcoinTalk, Аirdropalert). It often requires the presence of promoted accounts in social networks or the ability to effectively advertise the selected project on the forum, praise in wide circles, and so on.

8. Writing Articles about Cryptocurrency

For writing articles about Bitcoin, you must have the appropriate knowledge. This way of earning can bring a good income, depending on the chosen service for posting articles.

Writing articles on the terms of the BitcoinTalk campaign (up to $2.67 per hour). Around the middle of 2014, the BitcoinTalk campaign was launched, which is used to advertise cryptocurrency, in which users receive payments for each record created. Of course, some texts do not contain useful information. For example, some users simply leave their thanks or admire of the read post.

The level of payment depends on the category of BitcoinTalk membership. Usually, those users who are not full-fledged members of the community, receive minor payments or do not receive them at all. To become a full member, you must write at least 120 helpful messages. In the future, each new post will be charged in the amount of 0.0005 Bitcoin.

There are some restrictions for writing posts:

  • The message must contain at least 60 words and the text itself must be original;
  • The user should not have a negative rating;
  • It is forbidden to place advertisements that are not related to the subject of cryptocurrency;
  • It is necessary to write a certain number of posts per week;
  • Of course, these materials must be written in English.

If we consider that creating a meaningful text of 60 words requires at least 5 minutes, in 24 hours of continuous work, you can get up to 0.144 bitcoins. However, many online services also have a limit on the maximum number of posts. Therefore, working around the clock will not work.

9. Writing Articles for News Sites and Blogs

With sufficient knowledge, you can make your own contribution to the development of Bitcoin technology, taking up writing articles for blogs and news sites. Many sites are desperately looking for authors of articles because, in order to maintain their position in search results, a daily publication of a certain number of posts is required.

When working through various exchanges, earnings are much lower than when working directly with the customer and can be as low as $0.85 per 1000 characters or more, depending on the complexity of the chosen topic. As one of the authors of the "promoted" Bitcoin portal, you can receive from $1.7 to $3.5 per 1000 characters or more.

Knowledge of English is a huge advantage for the author since American and international services can earn Bitcoin much faster. Typically, the value of such orders is determined by the number of words, not characters. For 1000 meaningful words about cryptocurrency, you can get from 35 to 80 dollars.

10. Look for Free Giveaways and Bonuses

It is time to discuss the question of why companies, in general, arrange free distributions of coins. The answer is simple: this is an advertising strategy, a way to tell a wide circle of users about a new project. Many cryptocurrency startups have a marketing budget, and free distribution of tokens is one of the ways to spend it. So, as you can see, cryptocurrency companies distribute coins and bonuses quite purposefully, and sometimes, in order to receive them, you just need to sign up by specifying your email and wallet address. There are other bonuses that companies distribute for reviewing cryptocurrency or subscribing to a project page on Facebook.

You need to understand that an active search for hands and bonuses takes time, and besides, you need to be interested in new projects in the first row: study the announcements of new ICOs, subscribe to mailings and read news about digital money. However, there is a way to learn about bonuses and earn tokens without this hassle. We are talking about the platform Earn.com - they pay with tokens for reading advertising messages from companies. How it works: you register and join some lists, such as the Web designer or Bitcoin buyer after which you receive paid messages from companies interested in promotion among the relevant audience.

Most often, this paid advertising tells about new cryptocurrency projects that need a new audience or about the next ICO. Thus, Earn.com has become a source of the latest news in this area. While using Earn.com, you not only get $1 or more in Bitcoins for each open message but you can also get free tokens in one of the giveaways.

You can also look for distribution on sites like AirdropAlert but on Earn.com this is much easier. Here you can save your MyEtherWallet address, thereby joining all future ERC-20 token distributions, and in addition, the platform provides fast transfer of incoming coins to a bitcoin wallet, for example, Coinbase.

11. Social Networks on the Blockchain

This is probably the most promising option in terms of earnings. The development of the blockchain has reached the level where they are trying to use it everywhere. Search engines on the blockchain system, universities using blockchain technology, etc. At one point, people gathered and decided that it would be nice to create a social network where everyone would be free from censorship and moderation. This is how social networks appeared on the blockchain.

The main feature of such networks is the policy of rewarding users for their activity. For a regular post one can earn up to $1000! Such sites use their own cryptocurrency for payments (Steem, Golos). These currencies are completely liquid: they can be exchanged for real money.

Payment for the written post occurs a week after its publication. The amount of payment depends on the number of users who vote for your post. During the week, the post fills its cost. 75% of the resulting cost goes to the author of the post, and 25% goes to those who supported this post (to the curators). Between the supporters, this 25 % is distributed proportionally: the greater the power of the curator’s vote, the more he or she will be paid. And the strength of the voice, in fact, depends on how often you maintain posts. If you rarely like posts and rarely support them, then your voice is more valuable. This option allows you to earn really good money. Write and publish good posts, read and vote for other people's materials.

12. Give a Credit

This method is suitable for people who already have a certain amount of money in Bitcoins, which he or she would like to increase. There are many Bitcoin-related projects in the network that need funding. As an investor of one of them, you can make a profit in the form of a percentage of the amount issued.

However, such activities are associated with certain risks. Some people who received funds in debt may not return them. Therefore, you should be careful about the choice of projects in which you can invest personal finances. To date, the best online Bitcoin lending services are Biterest, Bitbond, Loanbase, Pure Central and Bitlending. Biterest service is mostly focused on citizens from the CIS countries.

It is worth noting that lending Bitcoin is quite a risky venture, which would entail losses rather than profit. Therefore, this method of earning is hardly suitable for beginners.

13. The Provision of Services Related to the Scope of Bitcoin

This is a wider field of activity since it includes all sorts of services related to Bitcoin, for which a fee will be charged. To choose the right field of activity, you can find useful information on the BitcoinTalk forums, or visit the resource called Coinality. For example, the most sought-after specialists are:

  • Blockchain developer;
  • Web service administrator;
  • Graphic Designer;
  • Mining expert;
  • Internet marketer and many others.

14. Gambling

This way of earning hardly needs detailed explanations. On the Internet, there are many gambling services where you can earn bitcoins. One of the most popular is Bitstarz, which we talked about above. The service allows you to win a cryptocurrency for free, giving out bonus free spins for registration. On other services, the user often pays a certain amount in exchange for the chance of a decent win. The advantage is that the game does not require special skills. However, this is sometimes a way to lose your finances than to win anything.

15. Trading

Today there are many ways to trade. But in order to start trading in Bitcoins, you must have the appropriate knowledge. The main types of trading are:

  • Intraday, involving the purchase and sale of digital assets in one day. The benefits of such transactions depend on short-term price fluctuations.
  • Investing in an asset class without real ownership (CFDs). The purchase is made through brokers, so instead of buying real funds, the user can purchase a contract for them. At the right moment (jump in the rate), the contract can be profitably sold and one can earn bitcoin.
  • Binary options are a form of trading in which participants perform a prediction of the cryptocurrency rate. For the correct forecast, the user is charged a reward, otherwise, he or she incurs losses.

In fact, binary options can be considered a form of gambling, which has received an attractive name. No one can predict exactly what the cost of cryptocurrency will be. Otherwise, everyone would have become billionaires.

16. Bitcoin Faucets Rotator

This method has appeared relatively recently and greatly simplifies the receipt of funds from numerous Bitcoin-faucets, which literally overflow the Internet. It assumes the use of a personal site with a fairly simple interface that allows you to quickly switch between bitcoin faucets without opening a new tab in the browser each time.

Rotators significantly increase profits, but have several disadvantages:

  • For the use of the script, developers take part of the profits of users in the form of percentages;
  • Many free bitcoin faucets are fighting against the use of rotators, so the latter need to be constantly updated.

To start making money you need to have your own website. It can be created for free using online designers or available CMS and recorded on free hosting. Then add a rotator script and start making profits. Users of the rotator are given the opportunity to edit the list of bitcoin faucets. It is recommended to use those services that distribute free bitcoins on the machine - taps with instant payouts.

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LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

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All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

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