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6 Easy Ways To Get Free Bitcoins Online

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If you are new to bitcoin and want to become part of the Bitcoin community, one of the easiest ways to do so is by getting your first bitcoins for free. In this post, you will be introduced to six easy ways to get free bitcoins online.

Before you get started, you need to set up a bitcoin wallet. Probably the most popular mobile bitcoin wallet in Africa is Luno. Alternatively, you could also set up a wallet online at Blockchain.info or use the popular multi-cryptocurrency mobile wallet Jaxx.

Bitcoin Faucets

Bitcoin faucets are online systems that reward users. This is done in the form of a website or an application, which distributes the rewards in satoshis in return for exposing you to adverts. Visitors claim the satoshis (one satoshi is 0.00000001 bitcoin) by ensuring that they complete tasks the website describes.

One of the best bitcoin faucets in the market is MoonBitcoin, which lets you decide how often you want to claim. The faucet gradually fills up but then slows down over time until you make a claim. Once you have reached 10,000 satoshis they will automatically be transferred into your bitcoin wallet.

Get Free Bitcoins Online for Clicking Ads

You can also earn free bitcoin by clicking ads at BTCClicks.com. The idea behind this is effectively the same as bitcoin faucets, except it tends to go a bit faster and you don’t need to wait so long for the payouts. You can only click on around 10-12 ads per day. But it takes you only a few minutes to do so and you receive enough satoshis to make it worthwhile.

Receive Bitcoin for Completing Micro Tasks

BitcoinGet is a website that has made it easier to earn bitcoin by doing simple tasks, surveys and accepting offers such as installing software on your PC. Once you go to the site, it will ask you to submit your bitcoin address in order to create an account and then you will be able to access various tasks and surveys in offer and job forms. Your bits are credited upon completion of the task and you can view your balance anytime.

Get Bitcoin for Retweeting

Another way to receive free bitcoin is by retweeting tweets on the platform Birds.Bitcoin.com. To receive free bitcoin by retweeting you need to have at least several hundred twitter followers. The amount you will receive for each retweet is a function of a number of followers your Twitter account has.

Get Paid in Bitcoin to Read Books

You can also earn some bitcoins on Paidbooks.com by reading books available on their site. Every ten minutes, you get some satoshis paid into your balance and by end of the week, you get the balance on your bitcoin wallet. You might not get rich doing this but it is a great way to get free bitcoin online, especially if you like reading.

Faucet Game

Faucet Game is a platform dedicated to allowing its users to get free bitcoin online while playing Vegas-style faucet games. You can only use the free bitcoin you earn from the faucets game as deposits and not for any other purpose. This is a way of encouraging users to come back more often to claim their rewards. However, that is not the only way of attracting more users, the platform also has a chat room where users that actively communicate also earn more satoshis.

Once you have accumulated enough satoshis in your bitcoin wallet to make it worthwhile converting it into local currency, use LocalBitcoins.com to turn it into mobile money or cash.

None of the above-mentioned ways to get free bitcoins online will make you rich nor are they a sustainable way to generate extra income. They are simply ways to get ahold of your first bitcoin holdings and to make a little extra money.  

Bitcoin

Crypto.com Introduces Crypto Earn and Crypto Credit

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Crypto.com

Cryptocurrency platform Crypto.com has introduced Crypto Earn and Crypto Credit to enable users to earn interest on their coins and borrow by using digital currency as collateral.

Crypto Earn And Crypto Credit

Crypto Earn is a financial product that allows users to earn as much as eight percent per annum in interest on their cryptoasset holdings.

Crypto.comTo do this, users deposit digital assets into Crypto Earn through the Crypto.com app and then begin accumulating interest each day through their preferred cryptocurrency. To get started with Crypto Earn, users will have bitcoin, Paxos, and TrueUSD to choose from, according to a company press release.

Crypto.com is offering users two fixed periods namely one-month and three-month terms to earn interest on digital assets. The company will soon provide users with a flexible holding term. With Crypto Earn, you can also withdraw and deposit coins at no fees and spend what you earn.

Crypto Credit gives users instant loans with bitcoin as collateral. Users are free from fixed repayment schedules, monthly fees, payment deadlines, and late fees which financial institutions such as banks often impose. Users, therefore, enjoy a flexible repayment schedule in the twelve months from the beginning of the credit term.

Furthermore, users owning MCO tokens staked in the app receive a special rate of eight percent per annum. Users can use their loans to buy more cryptocurrencies on the app or they can spend it on the MCO Visa Card with cash back of up to five percent.

Other benefits of using Crypto Credit are that you do not require credit checks and that you can get the credit limit you want.

“Crypto Earn offers the most attractive interest rates in the market today. With the MCO Visa Card and Crypto Credit, we are uniquely positioned to do it while maintaining sustainable unit economics. MCO Visa Card, Crypto Earn, and Crypto Credit together form a powerful product suite that nobody else in the industry has today. We have never been more excited about the potential of our platform and look forward to continue scaling it globally later this year,” said Kris Marszalek, co-founder and CEO of Crypto.com.

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Different Kinds of Bitcoin Trading Strategies You Should Know About

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Bitcoin has been around for over 10 years now. There are a lot of things that have evolved with it over the years, including how easy and secure it is to buy, the different ways we can buy it, and the various bitcoin trading strategies that people use now.

There are a lot of bitcoin trading strategies now that it could intimidate a lot of newbies trying to get into bitcoin. The truth is, each strategy caters to a specific kind of trader so if you’re new, these strategies might be worth looking into before you invest any kind of money.

Different Strategies

To help get you started on choosing the kind of strategy you’re looking for, here are the two most common strategies that bitcoin traders use:

HODLing

You may have seen this slang around while doing your research. “HODL” refers to holding your position. It was created in 2013 when bitcoin’s price was dropping but a certain user decided not to sell his shares. He meant to write “HOLDing” but ended up making a typo instead: “HODLing”. It eventually caught on and people decided to give it a new meaning: “Holding On for Dear Life.”

The HODLing strategy refers to the holding of your bitcoins in hopes that your investment will grow over time. To start HODLing, buy bitcoins in bulk when the price is low and then keep it close while watching the crypto market. People can hold their positions from weeks to months to even more than a year. It’s the easiest and one of the more common trading strategies.

Day-trading

BTCDay-trading is another very common form of trading in the bitcoin world. The strategy refers to closing all your positions before the day ends. It involves executing long and short trades to capitalize on the market price of that day. Basically, this prevents having open positions overnight by finishing all your trades within the day.

It’s a more technical form of trading and it requires your full attention and a lot of your time. You’ll need to keep a close eye on all your positions and possibly watch multiple screens to do so. It requires a high degree of focus as well as a good knowledge of how the crypto industry works.

Just getting started

These two trading strategies are literally the most common forms of trading. There are so many more strategies such as swing trading and alt-coin filipping that you’ll need to learn but these two should get you started on your bitcoin journey.

Now, all you’ll have to do is decide on which of the two suits you more. Be sure to figure out your game plan before getting into bitcoin at all and your style should follow.

This guest post was contributed by cryptocurrency education and news platform WeAreCryptos. 

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Ghana’s Securities Exchange Commission (SEC) Warns Public About Investing in Crypto

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In a recent statement, the SEC of Ghana has warned the populace against investing in cryptocurrency and crypto-related investment schemes. This warning comes amidst a growing concern of the Security and Exchange Commission (SEC) about how Ghanaians are diving head first into the cryptocurrency market.

SEC Warns About Crypto

The Director General of the SEC, Rev. Daniel Ogbarmey Tetteh, signed an official statement released by the Commission that cautions the general public about cryptocurrency trading and all crypto-related activities as these are not regulated by the Securities Exchange Commission reports News Ghana

“[Cryptocurrency investments] offered by unregistered and unlicensed entities on digital online trading platforms with promises of high returns on investment are not sanctioned nor registered by the SEC”, the statement read.

The Commission’s statement further read:

Ghana SEC“The SEC wishes to inform the general and investing public that none of these cryptocurrencies is recognised as currency or legal tender in Ghana. The platform on which they are traded are not also licensed nor regulated by the SEC. The SEC would like to make it clear that it does not currently regulate these types of products offerings and their accompanying online trading platforms or Exchanges. Members of the general public who are investing or intend to invest in such currencies or assets may be doing so at their own risk and can in no way be protected under the Securities law regime in Ghana.”

Currently, digital asset trading remains a regulatory and legal grey area in the West African nation. Whereas the SEC has stated that it is presently not in support of or regulating cryptocurrencies, it also has not stated that cryptocurrency trading is illegal.

The regulator only mentions that they are “unregistered, unlicensed, and unregulated under the Securities Law of Ghana“. Thus, this can be very much regarded as a “disclaimer” on the part of the regulatory body to the public to sensitise them that trading in cryptocurrencies in the country presently is only done at one’s own risk.

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