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 TAKEAWAYS
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.
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.
Another way to get free crypto is through referral programs. When new customers sign 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.
Some of the top platforms offering referral bonuses include Binance, Freebitco.in, Bybit, Coinbase, Koinly, KuCoin, etc.
Another more complicated way of earning free Bitcoin is through mining. It involves solving difficult 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 more challenging 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:
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 regular 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.
READ MORE: Crypto Staking Explained
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:
While these are some of the most common ways of earning bitcoin, let’s consider alternate methods.
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.
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.
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.
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.
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:
There are multiple methods for earning 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
You can get free Bitcoin daily through education platforms, playing crypto games, airdrops, referral programs, mining, and staking.
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.
You can earn one bitcoin by mining, lending, trading, claiming airdrops, and participating in incentivized learning.
Several educational platforms, gaming apps, and referral programs provide free Bitcoin prizes. These include Mudrex, Coinbase, Xapo, Spare, Cointracking, etc.
