Bitcoin enthusiast should know how to get Bitcoin for free. There are so many ways to gain free Bitcoin, including faucets, airdrops, cloud mining, microtasks, competition, bounty programs, and other creative methods. It seems like those methods are so technical and difficult to understand.
However, you should aware that as the price of BTC is getting high nowadays, get a free Bitcoin will not be as easy as it was. So, here is an explanation of 15 ways to get free Bitcoin easily. Let's find out!
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Bitcoin Faucet
A Bitcoin faucet is a platform that allows you to get small amounts of cryptocurrency, including free Bitcoin. The term "faucets" is utilized because the rewards are relatively small, just like small drops from a leaky faucet. The first thing to get free Bitcoin from a faucet is choose a Bitcoin faucet that's available online. Some popular ones: Moon Bitcoin, FreeBitco.in, and Cointiply. Faucets usually require users to solve captchas or complete simple tasks. Once you finish the task, you can withdraw your earnings from your Bitcoin wallet.
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Airdrop
Airdrop is a marketing strategy involving the distribution of free coins to users (some of them give free Bitcoin). This is commonly given by new projects or companies aiming to enter the market and attract many users to register and learn about their project.
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Staking
Staking is a process where investors store their assets in a digital wallet to support the validation of transactions on a proof-of-stake (PoS) network. The concept of staking is similar to a deposit, where an investor's assets are locked for a specific period. The amount of Bitcoin that you will earn typically depends on many factors, like the amount of coins staked, the staking duration, and the network's overall performance.
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Bitcoin Spinner
Earning free Bitcoin through airdrops typically may involve tasks like sharing on social media, joining Telegram groups, or referring friends. Some airdrops require completing KYC procedures to verify your identity. Be wary of potential scams and never share sensitive information like private keys, and only participate in airdrops from reputable sources. Once the airdrop distribution period is over, claim your free tokens (free Bitcoin).
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Cloud Mining
Cloud mining is another way to mine crypto assets by utilizing remote data centers with shared processing power. Unlike regular mining that requires complicated hardware, in cloud mining, you just need to enter websites that offer mining services with specialized servers like MinerGate (an application for mining digital currencies through a mobile phone).
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Trading Competition
Sometimes exchange platforms hold annual events like trading competitions, which come in various types. For example, participants will be evaluated based on their asset trading volume within a specified timeframe. To participate in the competition, they usually require you to register on the exchange hosting the event and engage in trading according to the rules. Prizes can include Bitcoin or other crypto assets.
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Bounty Program
Bounty program is also a marketing strategy by giving away coins or tokens to users. In these programs, users need to accomplish specific tasks based on predefined conditions. Tasks may involve activities such as sharing referral links or making posts on the user's social media account. Typically, all tasks in this approach are carried out online.
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Playing a Game to Get Bitcoin
Other way to earn free Bitcoin is by playing games. You simply just need to play the games on those sites and can earn Bitcoin as a prize. Some game developers offer games with Bitcoin rewards such as FreeBTC, Storm Play, and Bitcoin Solitaire.
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Bitcoin Donation
You can also get a free Bitcoin by opening donation in the crypto and blockchain community by specifying the donation goals and wallet address. Donating in Bitcoin is not a new phenomenon. Bitcoin donation is often chosen in crucial times, such as providing donations to disaster or war victims. Bitcoin donations are sometimes chosen due to their characteristic of not having a travel rule.
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Microtask
Some websites also provide free Bitcoin when users complete small tasks such as filling out surveys, testing software, or other simple assignments. This method can be a way for those who want to earn BTC when they don't have much spare time. Some examples of websites that offer free Bitcoin by completing tasks include: Swagbucks, Bituro, and Bituro.
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Set Up a Bitcoin Wallet
You can get a free Bitcoin by creating a Bitcoin wallet. A Bitcoin wallet is a digital tool that allows users to store, receive, and send Bitcoins. This method doesn't automatically give you free Bitcoin. However, you have to make an effort, work, or exchange value. Any rewards, incentives, or free Bitcoin provided by others will be stored in that wallet, isn't it good?
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Freelance Job
Maybe you work as a freelancer that offers online services. Then, it's worth exploring the option of accepting Bitcoin as a payment method. Inform your clients that you receive payments in Bitcoin, potentially attracting those who favor using this cryptocurrency. Even offline stores accept Bitcoin or crypto payment, so futuristic!
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Bitcoin Referral
Earning free Bitcoin through referral programs is similar to completing small and engaging tasks. You just need to register for an exchange and invite your friends to register as well. Some exchanges host referral programs with Bitcoin or crypto rewards, such as OKX and Binance.
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Farming Yield
Earning free Bitcoin through yield farming is as simple as participating in decentralized finance (DeFi) protocols and providing liquidity. Then you will receive crypto or free Bitcoin as a reward. Yield farming platforms that provide free Bitcoin include Compound (COMP), Aave (AAVE), Curve Finance (CRV), and Uniswap (UNI).
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Crypto Learning Program
You can get free Bitcoin by studying cryptocurrency on the exchange platform. Typically, every exchange website provides a section for learning about cryptocurrencies. If you are lucky enough, you will get a reward every time you finish a study module.