The most popular digital cryptocurrency is Bitcoin, read our How to get free Bitcoin Article and find out how you can get some for free. There are some of the companies where this currency is accepted and is not taxed and has minimal transaction fees. This is the reason why many people want to earn this currency. There are several methods to earn free bitcoins. Some of the methods are mentioned below:
Earn free Bitcoins with Mining
A good way to generate Bitcoins is Bitcoin mining. When a person performs this, the computer adds new Bitcoin transactions to the blockchain. When the computer discovers a new block, the person will receive a number of free Bitcoins. Bitcoin mining is expensive and hardware intensive. Therefore, there are some that provide computing power to the pool to earn bitcoins without having to build their own large mining framework.
Get free Bitcoin with Interest Payment
Individuals can also earn free Bitcoins by lending them out. The following are the different ways an individual can lend their Bitcoins.Lending the Bitcoins directly to someone the individual knows – If there is someone the individual can trust, then he/she can agree on the terms like interest rate and duration.
Peer-to-peer Bitcoin lending – There are websites of various lenders that offer this, including Bitbond. In this method, funding requests are posted by borrowers and individuals can participate in the loan. Before borrowing the Bitcoins, the individual must make sure that the borrowers and the website are trustworthy. When the creditworthiness of the applicants is evaluated by the site, the credibility of the borrower also increases.
Bitcoin Banking – This approach works like a bank. Unlike peer-to-peer lending where the person diversifies lending to different borrowers, in this approach there is only one borrower – the bank. The bank invests the Bitcoins in the form of assets. The only difference is the fact that there is no deposit insurance in the Bitcoin world.
Get Crypto from Tips
Earning Bitcoins as payment is similar to receiving Bitcoins as a tip. Individuals can receive tips in a variety of ways:
The easiest way to receive tips is through a store. The person needs to check the QR code to know what came in that day.
If the person does not have a store, they can still receive tips through a blog or other similar type of website. The individual must place the bitcoin address or QR code on their site.
The individual can also join sites like BitforTip. This is a site where an individual receives bitcoin tips as an incentive if he/she answers forums.
If the individual offers services and is interested in receiving the bitcoin tips, he/she can do so. This is a new approach compared to the old fashioned cash tips. If the person does not claim the tips within a month, then they will be transferred to the person’s wallet. Another amazing thing about this is that it can be created.
Earn free Bitcoins with Affiliate Programs
Another great way to earn Bitcoins is by joining Bitcoin affiliate programs. The services running the Bitcoin affiliate program pay the individuals in the form of Bitcoins if the individual sends paying customers to the programs. The way this approach work is as follows:
- The individual first need to sign up for the service’s affiliate program, and then he/she is required to give his/her Bitcoin address so that the payment can be made.
- The service is going to provide the individual with a unique referral URL, which is going to point toward a particular website.
- The individual is required to share the specified URL on his/her own website, Twitter, Instagram, Facebook, and so on.
- If someone else clicks on the individual’s referral link, then the individual earns a commission for the purchase and is paid in the form of Bitcoins.