If you are new to bitcoin, you may not be aware of the fact that there are legitimate ways to get free bitcoin sent directly to your bitcoin wallet. In this guide, you will discover the top seven best ways to get free bitcoins (BTC) in 2020.
Faucets are arguably the easiest ways to get free bitcoin. Bitcoin faucets are websites that dispense financial rewards to their users in the form of satoshis (one-hundredth millionth of a bitcoin) in exchange for completing a captcha, a task or for viewing ads. Bitcoin faucets are able to pay out small amounts of bitcoin as they generate revenue through pay-per-click advertising.
Popular free bitcoin faucets include:
Bitcoin Aliens – This faucet pays you satoshis for “killing aliens” by clicking the claim button every five minutes. Bitcoin Aliens has one of the highest payouts out of all active bitcoin faucets and is, therefore, very popular among bitcoin faucet enthusiasts.
Bonus Bitcoin – Unlike the other faucets on this list, Bonus Bitcoin allows you to claim free bitcoin every fifteen minutes with a daily 5 percent bonus. You can then withdraw your bitcoins after you have accumulated 10,000 satoshis, which usually takes 24 hours to process.
Cointiply – This relatively new faucet requires you to complete simple tasks such as watching videos, playing browser games, installing apps or visiting web pages to receive free bitcoins as a reward. What appeals to their almost 250,000 users is the chance to win an additional 100,000 satoshis on a daily basis.
While the bitcoin you will earn from faucets will not make you a bitcoin millionaire, they are an easy, low-risk way to receive your first free bitcoins.
Bitcoin Cashback Rewards Platforms
Bitcoin cashback reward platforms are a relatively new method of earning bitcoin for free. Cashback reward platforms pay shoppers small rebates in bitcoin (BTC) when making purchases with supported merchants.
Popular bitcoin cashback reward platforms include:
Lolli – The New-York based startup is arguably the most popular of all cashback reward applications in the Bitcoin ecosystem. To use Lolli, you will have to install an extension on your browser and check out using Lolli when you shop online. Lolli currently supports over 500+ brands including Walmart, BestBuy, GAP, GoDaddy and Overstock.
Pei – This platform requires users to use a mobile application that enables them to receive automatic cash rebates in BTC or USD when making purchases at partner merchants using their linked debit or credit cards. Pei allows users to make extra cash on purchases made both online and offline.
SatsApp – The recently announced platform seeks to boost usage of the Bitcoin Lightning Network. The application features a SatsBack feature, which pays you back for using the Lightning Network (LN) for bitcoin transactions.
Bitcoin Games allow you to earn free bitcoin while having fun. To use this method, you will have to download the games from the App Store or Play Store and play them to earn satoshis.
Popular free bitcoin games include:
Bitcoin Alien Run – This bitcoin game enables you to play a fun 2D runner game on your smartphone and earn cryptocurrency in the process. In Bitcoin Alien Run, you join Daniel D’Alien on unique missions every day for which you have rewarded bitcoin if you manage to complete them.
Altcoin Fantasy – This game empowers you to learn how to trade digital assets in a risk-free environment. Altcoin Fantasy includes both weekly and monthly competitions where you can win bitcoin or other cryptocurrencies, such as ether (ETH), stellar lumens (XLM), and many more. The app is available for iOS and Android.
Bitcoin Affiliate Programs
You may be familiar with the process of promoting a product or service online in exchange for a referral fee. This form of digital marketing also exists in the Bitcoin ecosystem. Bitcoin affiliate programs allow you to earn free bitcoins by referring users to exchanges, wallets, and cloud mining services. You can promote these products or services to your friends and on your blog or social media accounts.
Popular bitcoin affiliate programs exist for the following products:
Exchanges – Most bitcoin exchanges have a referral program where users are given a link to invite people to use the platform. A percentage of the trades done by the person is then usually given to you as a reward for referring the new user. Binance, BitMex, Coinbase, Coinmama, and Paxful are some of the exchanges that provide referral programs that enable you to earn free bitcoins.
Bitcoin Hardware: Hardware wallet providers also run affiliate programs. These wallet manufacturers offer up to 10 percent commission on every device sold through your unique referral link or code. You can join a hardware wallet affiliate program from Trezor, Ledger, and Keepkey.
Cloud Mining: You can also earn free bitcoin by referring people to services that allow them to mine bitcoin online. Hashflare and Genesis Mining are an example of reputable bitcoin cloud mining platforms that offer bitcoin affiliate programs.
Coinbase Earn is one of the newest ways to earn free cryptocurrency. The program requires users to watch educational videos to learn about crypto and then earn them by answering skill-testing quizzes. These coins can then be exchanged for bitcoin, right on the Coinabase app. Currently, the Coinbase Earn program is available in over 100 countries and requires you to have a verified Coinbase account.
You can earn a decent amount of cryptocurrency at Coinbase Earn without too much effort or time commitment, which is why it has become one of the most popular platforms to earn free bitcoin.
Another way to earn bitcoin is through bitcoin tips. You can receive tips from people on social media or forums for providing valuable content through so-called cryptocurrency tipping bots.
Alternatively, platforms like Bitfortip provide tips in bitcoin for answering questions online. On this platform, anyone can ask for anything. The answer provider receives a tip in bitcoin in exchange for the answer.
Cashing in on Bitcoin Forks
Finally, you can also earn free bitcoin by cashing in on hard forks. The act of forking the current Bitcoin Network to create a new cryptocurrency happens more often lately. Every time this happens, new coins are created which come with no cost. You can claim these new coins and exchange them for bitcoin.
To be able to cash in on forks for free bitcoin, you will have to track the latest forks. FindMyCoins and Forkdrop are two tools that make it easier for you to track the latest bitcoin forks. To claim the newly forked coins, you need to import your bitcoin private keys into the new coin’s official wallet. Therefore, it is recommendable only to claim coins from high-quality projects to ensure that your private keys are not compromised by nefarious actors.
If you want to buy bitcoin, check out our guide to the best bitcoin exchanges in 2020!