Get bitcoin for free

The cryptocurrency was first given away by Jeremy Rubin in 2014 at the Massachusetts Institute of Technology. He gave students $100 each in digital coins, which then increased in value many times over. Although BTC is worth a lot of money, it’s still possible to earn tokens without investing in 2023. The key is to know the places to get bitcoins for free. Each option has nuances that you need to consider when participating in the giveaways.

Is it possible to get bitcoins for free

There are indeed sites on the internet that give away digital currency. Usually they offer unpopular coins to attract an audience, but you can even find Bitcoin, Ethereum. If you try to mine expensive cryptocurrencies this way, you won’t earn much. No one will give BTC for $30 thousand, but they often give away 10-1000 SATS.

Safety of free ways to get

At the giveaways, they offer a certain amount of satoshis. This is the minimum unit of bitcoin, one coin consists of 100 million SATS. It will take a lot of time to collect a whole token, because of which free ways to earn BTC have lost popularity. However, investors are still trying to get new tokens without investment, which can grow in value quite well in the long run.

The exception is contests and tournaments. Sometimes organizers of raffles and competitions offer participants cryptocurrency rather than fiat as a reward. Depending on the size of the event, users can earn free Bitcoin or at least half of it.

Cryptocurrency giveaways are organized not only by large platforms and blockchain creators, but also by scammers who want to deceive naive people. In order not to become a victim and not to lose money on a free offer, you can not:

1

ByBit

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ByBit provides convenient and safe conditions for cryptocurrency trading, offers low commissions, high level of liquidity and modern tools for market analysis. It supports spot and leveraged trading, and helps beginners and professional traders with an intuitive interface and tutorials.

2

Binance

Earn a 100 $ bonus

for new users!

9.5

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The largest crypto exchange where you can quickly and safely start your journey in the world of cryptocurrencies. The platform offers hundreds of popular assets, low commissions and advanced tools for trading and investing. Easy registration, high speed of transactions and reliable protection of funds make Binance a great choice for traders of any level!

• Pass on the wallet’s private key. It is not necessary for the user to send and receive cryptocurrency, but will help the fraudster to withdraw money. Only one person who owns the digital coins should know the key.
• Pay to “unfreeze” tokens. Scammers first conduct an airdrop and give away cryptocurrency. Participants are asked to make small investments to take possession of it. Exception – projects that work on the blockchain, where the network charges a commission for the transaction.

Getting 1 BTC for free online is not an easy but real task. You will have to use different options, so you need to be able to analyze them. Before registering and performing tasks, it is recommended:

• Read the information on the official website. The organizers, conditions and requirements should be named.
• Study the reviews on the Internet. If the game or faucet has existed for a long time, there is already a discussion of platforms on forums about cryptocurrencies. In the comments, you can learn things that game developers and giveaway organizers will not tell you.
• Check the website address. There are still phishing resources that look like popular sites. Due to inattention, the user goes to them and leaves his data, and criminals use them for their own purposes.

How much you can get

Top cryptocurrencies are not given away for nothing. In faucets, affiliate programs, airdrops, the user is required to perform a certain task, for which he is offered very little money, so you should not count on a large income. For example, the service FreeBitco.in distributes from 11 to 1.6 million satoshi, but the maximum number falls out not every day, provided that the audience of millions of people and a lot of clicks.

If an enthusiast is serious about collecting Bitcoin for free, it will be necessary to perform daily tasks for at least a year. You will have to actively use cranes, register in various projects, loyalty programs and so on.

The best way to earn money is to play games that give out NFTs rather than cryptocurrencies. In Axie Infinity there are particularly rare creatures. The chance of getting them is minimal, so fans of the game are ready to offer the owners of unique beasts a lot of money. For example, the record transaction amounted to $250 thousand in Ethereum. Later, ETH can be exchanged for Bitcoin or fiat.

Pros and cons of giveaways

Choosing ways to earn cryptocurrency, you need to weigh the pros and cons. Free options to get bitcoin have a number of nuances, so they have not become as popular as mining and trading.

Where to get Bitcoin for free

There are 7 working methods to get bitcoin without investment. They differ in profitability, level of complexity of tasks and conditions, so they need to be considered separately.

Training with bonuses

With the help of online courses for beginners, you can both get bitcoin for free and understand investing and blockchains to properly apply the coin and earn from it. Popular exchanges often create training programs. To attract people, platforms offer free cryptocurrency for trading. Courses with bonuses can be found on the following platforms:

• Binance
• Phemex
• Cake DeFi and others.

Before participating, it is worth carefully reading the terms and conditions of the promotion, because for their non-compliance, the user will lose the right to a financial reward. For example, on Binance to get cryptocurrency can those who have passed the verification of identity.

It is also important to consider the timing of the promotion. At the time of writing (March 15, 2023), all promotions on Binance have been completed. Users can take courses, but they will no longer receive the cryptocurrency.

Exchanges prohibit registering additional profiles to retake the training. If the administration of the platform detects multi-accounting, it will block all personal accounts and will not allow trading on the site.

Cranes

This is the name of services that give away free coins. You can get cryptocurrency by simply clicking on a button. According to the principle of operation, they are compared to a leaky faucet. A person must go to the site at certain intervals and take away a “drop” of cryptocurrency. The user does not need to perform tasks to get the reward. Services earn by showing ads and videos, so such platforms are suitable for beginners.

There are more than 100 Bitcoin-cranes working on the Internet, which differ significantly in the size of the award. Otherwise, they are the same, so when choosing it is worth checking the number of satoshis paid per click. Popular cranes are:

• AdBTC
• FireFaucet
• VieFaucet.

To earn, you need to create an account, specifying the public key of the wallet to receive cryptocurrency. After registration, it is worth studying the terms of distribution, as Bitcoin-cranes have different click periods (from 15 seconds to 60 minutes). It makes no sense to visit the site more often (the button to collect coins will be inactive).

Games

Projects with the possibility of earning bitcoin are superficially similar to cranes. They are full of advertisements and give away some cryptocurrency to users for performing simple actions. Unlike other options, games are more interesting, so they are suitable for spending free time with benefit.

On the Internet there are both browser-based and mobile entertainment. The former do not need to download, and they are similar to faucets. The latter require more action from the user. In them, a trading system can be created: the player receives resources or items for completing tasks and sells them for Bitcoin or other currency. Popular projects:

• MyBitMine. Users extract useful minerals by digging a mine underground and exchange them for satoshis.
• SmurfGo. The game requires the user to run around and collect coins, which are sold at a rate of 0.15 SATS per token.
• SatoshiQuiz. The quiz game allows you to earn cryptocurrency for correct answers. The only drawback is the English-language interface, so you will have to use a translator.

Games, like faucets, will not give the user the opportunity to get rich on free giveaways because of the low income, but it is worth a try. A little tokens will not hurt traders and miners. They are spent to pay the commission of blockchains and exchanges.

Services for mining without investment

Only companies with hangars of asics can effectively mine Bitcoin in 2023. Home miners don’t even try to compete with them because the blockchain hash rate is too high. You can collect some satoshi in pools if you have a computer with NVIDIA RTX 30, but earning in this way is questionable, because the cost of energy will minimize the income.

Only new coins should be mined on a home computer. Recently launched blockchains are characterized by a low hash rate, so even on a simple PC can earn money.

If you want to get exactly bitcoin, you need to check the benefit of this option. In the process of mining video card will work at the limit, because of which after 2-3 years will become very worn out and will require a change. You also need to pay for energy. In Moscow, the cost per kW is $0.08, which makes even powerful farms with optimized electricity consumption unprofitable.

A more profitable and simple option is StormGain Cloud Mining. This is a US-based cloud mining service that offers users an earnings model similar to faucets. Customers need to download an app on their phone and click a button every 4 hours. The extracted cryptocurrency can be spent on the exchange or cashed out. The minimum withdrawal amount is $10, which is accumulated in 10-12 days.

Airdrops and bounty programs for project participants

Airdrop – promotions organized by developers of new tokens. They are launched to make cryptocurrency popular. Participants of the giveaway are provided with promising coins, which they start trading, and the blockchain becomes famous. Airdrops are an easy method to get free assets, as users mostly put likes, make reposts in social networks.

To learn about the appearance of fresh giveaways, it is worth tracking news on sites such as airdrops.io, airdropbob.com. Airdrop is often held on cryptocurrency exchanges (Binance, MEXC, Bybit).

Bounty programs are a more complicated option to get tokens, as participants become freelancers. They check the software code for bugs, create content and advertise the platforms.

The proposed methods do not involve giving away Bitcoin. They only give promising coins that may become competitors of BTC or never appear in the listing of exchanges.

You need to be able to analyze projects and look for profitable tokens, so as not to waste time in vain.

ICO

This is a way to raise money for the development of projects. Developers sell tokens for BTC, ETH and other assets with stable capitalization. ICO is an initial coin offering. Even the name does not say that here you can get free cryptocurrencies.

The exception is the developers themselves. They offer investors to buy cryptocurrency that has just appeared and is not yet sold on exchanges. But to hold an ICO, they need to form a team of programmers, marketers and create a project, which again contradicts the idea of getting free BTC.

However, such events are worth keeping an eye on. Sometimes developers give part of the coins to those who register on the site in the first wave or complete a small task. We can talk about ICO being mixed with airdrop.

Affiliate programs

If a user has a lot of friends interested in cryptocurrencies, he is able to monetize these relationships. It is necessary to offer the entourage to register through a special link. Then part of the platform’s commission will be credited to the account of the referrer.

Attract an audience can also be through blogs and social networks, embedding links in articles and posts. The main thing is that the client must register and regularly trade or exchange cryptocurrency, as income depends on the activity of referrals.

For invited users, there are often bonuses too ($10 to pay exchange commissions or a discount on cloud mining plans). This makes it easier to attract referrals.

It is worth considering how to earn on affiliate programs on the example of Binance. First, the user must carry out registration and verification on the site of the exchange, and then fill out a questionnaire. The administration will check the account for compliance with the conditions of the affiliate program. If the moderator approves the application, the client of the exchange will be able to create a referral link and start attracting an audience.

Profit depends on what the invited users spend money on. There are 3 articles of income:

• Spot trading – up to 50%.
• Futures commission – up to 30%.
• Binance Pool – up to 30%.

Comparison of getting cryptocurrency for free with earning BTC

To collect Bitcoin with the help of faucets, games, airdrop, the user does not need to invest his own funds. It is possible to connect from the phone and home computer on the way to work or during a boring weekend. However, it will not be possible to collect a lot of money this way. Cranes rarely pay out more than 1-2 thousand satoshis, and bitcoin consists of 100 million SATS.

If we talk about earning Bitcoin, then knowledge and skills in mining and trading cryptocurrencies, investing in a farm or buying the first coins will be required. Industrial miners spend millions of dollars on asics. For example, a top-of-the-line Bitmain Antminer S19 XP costs more than $3.6 thousand. And traders for effective earnings need a portfolio consisting of different coins for at least $1 thousand.

What other cryptocurrencies can be obtained without investment

Mostly give little-known tokens, which have appeared quite recently. Developers with the help of free giveaways attract an audience to make the coin popular and increase its value. After the token is published on exchanges, the holder can exchange it for BTC, ETH, SOL and other cryptocurrencies.

Frequent Questions

📌 How do I know if a faucet pays?

If there is no desire to test the service yourself, you can find information on monitoring sites. For example, Bitcoinkrany.ru publishes brief reviews of cranes, putting fraudulent platforms in a separate table.

📢 Why is the distribution asset not supported by the wallet?

Cryptocurrencies work with a limited number of blockchains. It’s worth having multiple wallets for different tokens. In many multi-stores, you can manually add a coin of a specific standard (ERC-20, TRC-20 and others).

🔥 What are Bitcoin machines?

These are faucets that do not require the user to regularly log in and click a button. But you need to perform certain tasks to withdraw money.

⚡ Where to store accumulated BTC?

It is worth choosing non-custodial wallets: MetaMask, Tangem, Ellipal Titan and others.

✨ What is cloud mining?

This is the mining of cryptocurrencies with the help of leased capacity on the Internet without owning real equipment.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.