How to Get Free Bitcoins - 8 Best Options
Today, Bitcoin is the most popular and the cryptocurrency in the world. And because it had a great performance over the last few years, lots of traders and investors believe that its great performance will continue in the next few years. Because of this, lots of people want to own Bitcoin now, to sell it for a higher price later. But because it is quite expensive, not everyone is able to buy it. Instead, they are looking for different ways to earn free Bitcoin.
If you are looking to learn more about how to get free Bitcoins, or how to earn Bitcoin online, keep reading this article.
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1. Coinbase Earn
The popular crypto exchange Coinbase has created a very interesting program called Coinbase Earn to reward its users with free crypto. To get free crypto, you simply have to watch a few videos about an available cryptocurrency you want and complete a test or task to test your knowledge. If you pass that test, you will be rewarded with a small amount of the cryptocurrency you chose. Any Coinbase user who meets the eligibility requirements can access educational content for Coinbase Earn supported cryptos.
To be eligible for Coinbase Earn, you should match the following criteria:
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You should have only one verified Coinbase account
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You must be a resident of a country that is eligible for Coinbase Earn
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Complete Coinbase’s internal fraud and strict guidelines, including measures relating to account individuality
You have to know that the amount of crypto you earn will be defined by the number and type of activities you complete, as well as the strength of the USD in comparison to that crypto’s value at the time of earning. Coinbase converts the crypto you earn into dollars and deposits it in your account balance. You can later use those funds to buy Bitcoin if you want.
Coinbase Earn users could earn extra crypto on certain Earn projects by inviting others to Coinbase Earn with a referral link. Once the other person signs up through that link and finishes the first lesson, they receive a $10 reward for each person who registered.
👍 Pros
• Users can earn amounts of money ranging from $1 to $12
• It has a great referral program
👎 Cons
• It does not accept users from every country
• Some Coinbase Earn projects can run out of crypto, and you might have to wait until they are fulfilled again
2. Crypto Bonuses and Referral Programs
Crypto bonuses and referral programs are another great way to earn some free crypto or funds you can later convert into some free Bitcoin. The crypto bonuses and referral programs are usually online brokers to increase their number of users. A referral program is a program through which an online broker or crypto exchange creates a unique registration link for its users. Every time someone creates a new account using a trader’s registration link, that trader receives a certain amount of free crypto or money.
For example, Crypto.com offers a referral program through which its users could generate their unique referral links. The Crypto.com users who create a referral link can receive $25 in Crypto.com’s cryptocurrency CRO for every new user who finishes their registration using their referral link or code. It is very simple to create a referral link with most crypto exchanges.
To create a referral link with Crypto.com, you have to:
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Go to the Rewards page in the Crypto.com app
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Click on the “See Details” button
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Click on the “Share Now” button next to your referral link
Similarly, crypto bonuses are bonuses offered by the crypto exchanges for new users who registered with another user’s registration link. For example, Crypto.com offers $10 in CRO to new users who register using another user’s referral link without entering their promo code and $25 in CRO for new users who enter the other user’s promo code.
You can further convert those bonuses and rewards into Bitcoin. Lots of other online brokers and crypto exchanges offer similar programs.
👍 Pros
• It is very easy to get your registration bonus if you register with a referral link
• You can get a good amount of funds you can use to buy Bitcoin if multiple people register with your referral link
👎 Cons
• Usually, only people who have a big YouTube channel, blog, social media audience can make a big amount of money through sharing their referral links
3. Crypto Airdrops
A crypto airdrop is the free distribution of a cryptocurrency token to a large number of wallet addresses. Airdrops are mainly used to generate attention and new followers, leading to a large number of owners of that cryptocurrency and a wider distribution of those crypto coins. Small quantities of a new virtual currency are sent to wallets of engaged blockchain community members for free or in return for a small service, such as sharing posts of the issuing company the cryptocurrency. The coins or tokens are only sent to current owners of crypto wallets, which are typically Bitcoin or Ethereum wallets.
Crypto airdrops are usually promoted on the project company’s website, on crypto forums, or on popular websites for traders and investors, such as CoinMarketCap, which regularly updates its list of active crypto airdrops. Once people receive their free crypto coins, they can either decide to hold them until they grow in value a little bit, or they could convert them into Bitcoin instantly.
👍 Pros
• People can get free crypto tokens they can convert into Bitcoin
• It is a very simple process
👎 Cons
• Some crypto airdrops are used as pump and dump schemes
• Some airdrops require you to already own certain amounts of crypto in your crypto wallet
4. Bitcoin faucets
A crypto faucet is a website or app that sends tiny amounts of cryptocurrency as a reward for completing simple tasks. However, the rewards are usually small, and they are being sent to the user's wallet. Users can only withdraw their free crypto after they have reached a certain withdrawal minimum amount on their wallets. Users must perform activities as simple as watching ads, viewing product videos, taking quizzes, clicking links or completing a captcha to receive free crypto.
Similarly, Bitcoin faucets are crypto faucets that reward their users in Bitcoin. The first Bitcoin faucets were created in 2010 to create awareness of Bitcoin by giving away up to 5 Bitcoins to users for completing easy tasks. Today, most Bitcoin faucets award their users with very small amounts of Bitcoin, called Satoshi, which is a name given by the Bitcoin community to a one-millionth part of a Bitcoin (0.00000001 BTC). The withdrawal minimum amounts range between 0.0002 BTC and 0.002 Bitcoins. Some of the best Bitcoin faucets are Firefaucet and Freebitcoin.
👍 Pros
• Some of the tasks users are required to complete are very easy
• Users are paid directly in Bitcoin
👎 Cons
• You should complete a lot of tasks to earn a considerable amount of Bitcoin
• The withdrawal minimum amounts are quite high in comparison with the rewards in most cases
5. Get Rewarded for Playing Bitcoin Games
Similarly to Bitcoin faucets which award people with free Bitcoin for completing simple tasks, there are also Bitcoin games that award the people who play them with small amounts of Bitcoin for completing certain achievements. These games use the play-to-earn business model in which users can play a game while earning cryptocurrency.
One of the most popular play to earn games at the moment is Axie Infinity, and it is influenced by popular games like Pokémon Go. Axies, or token-based creatures, can be collected, bred, raised, battled, and even traded by players. Users can invest time and resources into improving their Axies, which they can then exchange for cryptos on a specialized marketplace. The game’s native crypto is Axie Infinity Shards (AXS), which is an NFT used to purchase different virtual objects in the game or to reward users. The Axie Infinity Shards can be sold, and then users can use the money to buy Bitcoin.
Although there are some Bitcoin games where people who play them can gain smaller or bigger amounts of cryptocurrencies, depending on the case, there are also some Bitcoin games where people can lose money instead of winning money. Those games are called Bitcoin online casinos. Although some of them might be advertised as very profitable ways to easily make big amounts of Bitcoin, they are just a risky way of gambling in most cases. Before you think about gambling with one of those Bitcoin casinos, you should remember that the house always wins.
👍 Pros
• It is an entertaining way of earning some crypto
• There are some Bitcoin games that reward their users quite well depending on their game achievements
👎 Cons
• Users do not earn considerable amounts of crypto in most cases
• You should be aware of Bitcoin casinos where you will lose money in most situations
• Some Bitcoin games require you to pay for certain things in that game
6. Contribute to the Crypto Community
Crypto traders and investors all over the world are constantly looking for new crypto-related content, such as articles and blog posts, and many crypto blogs are looking for writers who will write those articles. If you think you have great writing skills, you should consider writing a few articles about Bitcoin or other cryptocurrencies for crypto blogs. This is a great way to contribute to the crypto community, plus you can be paid well for your services. Some crypto blogs even pay their writers in cryptocurrencies.
Multiple great crypto blogs are some Bitcoin games reward looking for writers to write articles for them, and you could be that writer. Lots of times, these blogs place posts on different job board websites such as ProBlogger, Upwork, Facebook groups, and others where they announce that they are looking for writers to write crypto articles. You can apply for those jobs and probably get them. You can also contact crypto blogs yourself, asking them if they would let you write an article for them. The amount of money you get paid depends on multiple factors, the most important being the blog you write for, the volume of the articles, and your writing experience. You can spend the money you make on buying Bitcoin, or you could be paid in Bitcoin in certain cases.
👍 Pros
• It is a very pleasant way to contribute to the crypto community and make some money to buy Bitcoin
• You can be paid very well
👎 Cons
• It is difficult to be hired by big crypto blogs if you do not have writing experience
7. Get Rewarded for Shopping
Similar to getting reward points for paying with your credit card, some reward apps give Bitcoin or other cryptocurrency reward cashback to their users when they purchase from certain online stores.
Lolli is a great desktop plugin available for Chrome, and it also has an Android and IOS app that offers its users to get up to 10% cashback in Bitcoin every time they purchase from an online store that partners with Lolli. Lolli partners with hundreds of different online stores which offer different levels of cashback on purchases. This includes well-known retailers such as Macy's, Nike, Rag & Bone, and others.
Pei is another great mobile app that allows you to get Bitcoin cashback when you shop. To use this app, you have to download it and link your debit/credit cards to it. Every time you purchase from one of the over 60,000 physical or online stores that partner with Pei, you will get up to 20% cashback in Bitcoin and also get credit card points. Once your Bitcoin cashback is higher than $15, you can transfer it to your Bitcoin wallet.
👍 Pros
• You get free Bitcoin while spending money on things you need
• Cashbacks can be quite consistent in some cases
👎 Cons
• Not every store partners with Bitcoin cashback apps
8. Traders Union Rebate
How to Get TU Cashback RebateIf you register with a broker with our referral links, you will get back a part of the trading fees you paid while trading with that broker. For example, Binance pays the Traders Union 20% of the commission on each transaction completed by traders who signed with our referral link. TU then pays those traders 80% of this sum. For example, you paid $20 trading fees to Binance, Binance gives 20% of that to TU, and we give you 80% of this amount: $20x0.8x0.2=$3.2, which is not bad at all. You can later use that money to buy Bitcoin.
We also have similar rebate programs for every leading crypto exchange from our rating. So you should check our crypto exchange reviews to learn more about them.
👍 Pros
• You get back some of the trading fees you pay
Best Crypto Exchanges to Earn Bitcoin
Coinbase and Binance are two of the most popular crypto exchanges at the moment, and they both have great programs for earning free Bitcoin.
Coinbaise vs Binance - which is better?Coinbase is a beginner-friendly crypto exchange that was founded in 2012, and it allows its users to trade all the popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others.
It also has a unique program that allows its users to earn free crypto while learning about it, which is called Coinbase Earn. We have already told you about it at the beginning of this article. Coinbase has favorable trading conditions, and its fees can be as high as 0.5% per trade. TU has a rebate program for Coinbase users who registered with our referral link, and they will get back some of the trading fees they pay.
Binance is also a great crypto exchange because it supports over 400 cryptocurrencies, and it also has very low trading fees, which can be as high as 0.1% per trade. Binance also offers a great way to gain free crypto or free Bitcoin through its Binance Earn program. Through the Binance Earn program, Binance users can multiply the amounts of cryptocurrency they already own by depositing it in this project for a certain period. It is divided into two different types of earning, which are Guaranteed and High Yield.
If you are new to cryptocurrency, the cryptocurrencies listed under Guaranteed are a good place to start because they are considered stable. This type of earning still has some risk associated with it, but it is very low, and the gains will not be very high. The High Yield option is considered riskier, but the gains can be higher. You can either get your earnings in Bitcoin if you deposit Bitcoin. Or you can exchange your crypto gains to Bitcoin if you deposit another cryptocurrency.
We also have a great rebate program for Binance users who registered with our referral link, which we already discussed in detail in this article.
Best Ways to Get Free Bitcoin For Beginners
After you have discovered how to get free Bitcoin, here are some tips that will help you choose the best ways for you:
If you do not have lots of free time, you should not choose Bitcoin faucets or Bitcoin games because they require lots of time, and gains might not be considerable
If you are looking for one of the most profitable ways to get free Bitcoin, you should consider referral programs. Although you should have a big audience to be able to make big gains, it can be profitable and does not require a lot of time
If you want to get free Bitcoin, crypto cashback apps should be a must-have for you because they allow you to save money and automatically invest it in crypto
How to earn Bitcoins through mining them?
Mining Bitcoin is another possibility to earn some Bitcoin without buying it, but it is not as easy as it sounds either. The process of mining Bitcoin happens in mining pools because it is inefficient to do it yourself in most cases. A mining pool is a group of crypto miners who pool their hardware devices across a network to increase the probability of discovering a block or efficiently mining Bitcoin or other cryptos.
To be able to join a mining pool, you should have very powerful hardware equipment with a decent amount of GPU, which is not cheap. When the mining pool mines Bitcoin or other cryptocurrencies, all the members are rewarded depending on the processing power they have provided to the mining pool.
Summar
We hope that you have found this article useful and you have identified at least one way to get free Bitcoin that is convenient for you. However, you have to understand that you will probably not gain very big amounts of Bitcoin through these ways. But it is worth trying just in case Bitcoin grows considerably in price, and your gains become more significant then.
FAQs
Can I earn big amounts of Bitcoin through these ways?
Almost all of the ways to earn free Bitcoin we discussed in this article are possibilities to earn some free Bitcoin, but not get rich quick schemes. So you should have realistic expectations and treat them accordingly.
Should I individually mine Bitcoin?
In the early days of Bitcoin, it was fairly easy to mine Bitcoin yourself using your personal computer. Nowadays, it is a lot more complicated to do it yourself, and it could be more profitable to join a mining pool if you want to mine Bitcoin.
Should I instantly exchange the free crypto I earn for Bitcoin?
The crypto market is always unpredictable, and the free crypto you can earn through Coinbase Earn or crypto airdrops might considerably increase in price, and you might be able to get more free Bitcoin if it does so. But it could also go down in price, and you will get less Bitcoin if you do not exchange it at the right time. So it depends on the cryptocurrency you get and the risk you are ready to take.
What is the most profitable and easiest way to get free Bitcoin?
Referral programs are very attractive ways to get free crypto or money you can use to buy Bitcoin, and they have very low risks, and you do not have to spend a lot of time. Your gains only depend on how many people register with your referral link.
Team that worked on the article
A professional English-Spanish translator, writer, proofreader, transcriber. Jose Antonio Gastelum offers his services for website content, blogs, research papers, documents, books and manuals about technology, finance, investment, tourism and insurance. In addition, he has some experience in web and app development, content marketing and SEO optimization.
His motto is: Hard work produces luck and success.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.