Hi friends, Today I am Going to share with you the Top 10 Ways To Earn Free Bitcoin In 2021. Nowadays Bitcoin is a new form of currency so people tend to think that. There is some magical way you can earn Bitcoins or make money from them easily.
Cryptocurrencies in general may hold some new possibilities for generating passive income. The basics are the same that just you will need to invest time, or money in order to make money.
Top 10 Ways To Earn Free Bitcoin In 2021
This Top 10 method, I’ll cover according to the following factors:
How much effort does it take to use this method?
How much money can be earned through this method?
How risky is this method?
All of the methods I’ve tested myself, so rest assured I’m talking from my experience.
1. Shopping Rewards
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. Below is some Marketplace I share with you to earn Bitcoin.
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 cashback.
Some cryptocurrencies allow you to lock in a portion of your holdings in order to participate with transaction validation on their network. Also, you can use Crypto Mining to get some coins to Stake. 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 Dodge, Cardano, and Ethereum.
3. Micro Earnings
This is one of the easiest but time-consuming ways to earn bitcoin. Basically, you will be complete some 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. You can check the Daily updated faucet list from here. That type of site 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 Some Small amount of coins from ad sales. If you work non-stop you will earn 5-40 cents an hour.
4. Owning a Faucet Website
Nowadays, you can build a cryptocurrency faucet easily and earn money from selling ads on your site. when you participating as a faucet user might not earn you a lot of money but Creating your own faucet is a totally different story.
However, building a faucet requires a reasonable amount of time and effort & money. You’ll need to set up your own website, manage users, prevent fraud and also bring some initial capital to fund the faucet to payout your user when starting out.
Depending on the advertisers and the amount of traffic you have you can Earn up to $1000/month running a faucet.
5. Interest-Bearing Accounts
If you already own cryptocurrency, you can deposit it in an interest-bearing account and gain interest on it. There are many companies that supply this type of service, the most popular ones being BlockFi, Celsius Network, Crypto.com and Nexo.
6. Become a Crypto Trader
This is one of the fastest & easiest ways to make money with bitcoin by trading, but it's very risky. Basically, you’re trying to buy Bitcoin when the price is low and sell it when the price rises.
Profitable traders spend a lot 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 money to invest in good trading education.
7. Bitcoin Mining
Mining is Basically two types
Hardware Mining: Many people start with Hardware mining and drawn Bitcoin instantly. I mean, creating magical Internet money from your personal computer? What could be better? The fact is, that today Bitcoin mining has become more of a profession than a hobby.
It requires 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 mining 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 discover 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.
Cloud Mining: Paying some third-party website to handle the mining equipment for you while sharing the profits. this sounds good, but most of the cloud mining websites today are just pretending to use your money for mining operations, they are in fact scams.
Furthermore, while there are a few legit websites out there, the money you’d pay them to mine Bitcoin is probably better invested just by buying Bitcoin.
Of course, I request you to do your own market research since, in the end, it’s your money.
8. Write about Bitcoin
If you have knowledge about Cryptocurrencies then you might want to consider becoming a crypto journalist or article writer.
As you know 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 lots 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 way to find work as an article 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 or Fiver – an international freelance marketplace.
It’s best practice if you have some sample articles on hand & having your own portfolio before applying for a writing job as many publications or Freelance marketplace would request previous work before hiring you.
9. Gambling in Bitcoin casinos
A very Risky way of trying to increase your crypto wealth would be to gamble on it using one of the various Bitcoin casinos websites on the internet world. Of course, we are not much to elaborate on this method but if you want 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.
10. Bitcoin Lending
A very popular way of growing your Bitcoin wealth is through Bitcoin lending platforms. These sites connect borrowers that need crypto with crypto owners who lend their coins for an interest rate. Because these loans are ultra risky the interest rates are pretty high which initially seems like a good thing.
Well, if there is no actual collateral that holds the borrower liable for the loan, and more often than not these loans default, and lenders are left without their money.
Some time ago I’ve tested out several uncollateralized loans, and they all eventually defaulted. That’s why I recommend staying away from this specific method.
Recently some new players on the internet market started to offer Bitcoin loans that are collateralized with the borrower’s Bitcoin. These platforms also let you earn interest on your Bitcoins or stablecoins, but due to the collateral, it is a more secured solution.
But as always, please do your own research before investing money anywhere.
So friends in this article I’ve covered the Best 10 Ways to Earn Free Bitcoin In 2021 or make money with cryptocurrencies. In the end each method has its pros and cons, some are riskier while others take a greater amount of effort.
As you can see before – there’s no easy, risk-free way to make money with Bitcoin. The good news is that it is possible, and if you put some effort into it you can find a lot of creative ways to create new passive income streams.
If you have any question, just leave in the comment section below. And if you’ve tried out one of the methods above and want to share your experience with it I’d love to hear it as well.