As the price of bitcoin increases, more people are becoming interested in earning bitcoin as a source of additional income. In this guide, you will discover ten ways to earn bitcoin online that work in 2020.
Imagine playing games and earning bitcoin at the same time. Bitcoin games let you do just that! They reward you in bitcoin for reaching specific milestones in a game. Most bitcoin games are mobile-based and can be downloaded from the Google Play Store or Apple Store.
Faucets are arguably the easiest ways to earn bitcoin online. Bitcoin faucets pay you small amounts of bitcoin for your time. Usually, you earn bitcoin on faucets after you complete a captcha, clicking related tasks or viewing ads.
Bitcoin faucets generate revenue through pay-per-click advertising which funds them to pay out small amounts.
Here, you can find the top five best bitcoin faucets!
Micro tasks are small assignments ranging from viewing ads, watching videos, sharing posts on social media, testing software and filling out surveys. Fortunately, there are a number of bitcoin micro task platforms that reward users in BTC.
Micro tasks are one of the easiest ways to earn bitcoin online. It requires very little involvement in completing tasks to earn a fraction of bitcoin.
Granting bitcoin loans is another approach to earn bitcoin. Bitcoin loans work by allowing a user to get a loan backed by their cryptocurrency assets.
Cryptocurrency loans usually have high-interest rates, which make them a good avenue to earn bitcoin online. To know more about the top bitcoin lending platforms, read our article on the best bitcoin lending platforms in 2020!
Bitcoin Cloud Mining
Cloud mining is another popular way to earn bitcoin online. Bitcoin cloud mining refers to a form of mining where you rent mining hardware of cloud mining service providers at a small fee, instead of mining yourself. It allows you to mine bitcoin and other cryptocurrencies without having to go through several technical details and having to invest in expensive mining hardware.
To earn bitcoin through cloud mining, you will have to invest in a mining contract, which will then mine bitcoin on your behalf and send you the coins daily or weekly until the contract is over.
Read our best cloud mining platforms guide to discover a list of the most reputable bitcoin cloud mining providers!
Freelancing allows you to earn an effectively unlimited amount of bitcoin. With several freelancer platforms targeted at the bitcoin community, freelancers are spoilt for choice. Skilled graphic designers, writers, developers or marketers can find work online that pays in bitcoin.
Before you dive into the world of cryptocurrency freelancing, give some thought to what kind of service you are going to be offering, and find the best ways and platforms to win potential clients.
Alternatively, you can ask existing or new clients whether they are willing to pay you in bitcoin instead of dollars or any other traditional currency as a way to earn bitcoin.
Here, you can find a curated list of blockchain job platforms!
Cashback Reward Applications
Bitcoin cashback reward applications are the new trendy way to earn bitcoin online. These platforms pay buyers partial refunds in bitcoin when making purchases at supported stores or websites through an application or browser extension.
The two most notable cashback rewards applications include Lolli and Pei.
Lolli supports over 500+ brands including Udemy, GAP, CheapOair, PureVPN, and BestBuy. To use Lolli, you will have to download a browser extension and check out using Lolli when you buy things online.
Pei requires you to download an Android or iOS application to receive automatic cash rebates in bitcoin when making purchases at partner merchants using your linked debit or credit cards.
Cryptocurrency bounties became extremely popular during the boom of initial coin offerings (ICOs). These bounty campaigns allow you to earn cryptocurrencies by performing designated tasks that mostly involve social media actions.
Most blockchain startups embark on bounty campaigns to incentivise their users to perform various tasks to promote and improve their products or brand.
In most cases, these blockchain projects offer bounties in their native token, ether or bitcoin. Platforms like Bounty0x allow you to track bounties and leverage them to earn bitcoins online.
Earn Bitcoin Tips
You can get tipped bitcoin on social media through crypto tipping bots. These tipping bots allow you to receive or send tips on various social media platforms.
On the other hand, Bitfortip gives tips in bitcoin for providing answers to questions. On Bitfortip, users can ask about anything relating to cryptocurrencies to non-crypto issues. You receive bitcoin rewards for answering the question properly.
Bitcoin tips can also come in other forms as some content creators get tipped through donation buttons on their sites or social media platforms.
Finally, you can also earn bitcoin through bitcoin hard forks. A hard fork refers to the act of forking the current Bitcoin Network to create a new cryptocurrency. In recent times, this process happens often. Subsequently, new cryptocurrencies are made. The new coins are then accessible to people who held bitcoin before the fork.
To claim newly forked cryptocurrencies, you will need to import your wallet seed into the official wallet or other supported wallets of the new currency. Due to the level of information required during forks, you are advised to claim coins from only legitimate forks to ensure that your private keys are not jeopardised.
When you claim your new coins from a fork, you can exchange them for bitcoin on an exchange.