Bitcoin is a digital currency that can be used to purchase goods and services online. It has gained popularity due to its decentralised nature, low transaction fees, and high-security level. There are several ways to earn Bitcoin without investing any money. These include cloud mining, where users can rent hardware and software power from a remote mining data centre; completing microtasks, such as filling out surveys or writing product reviews; and participating in bounty programs, where companies reward users for completing specific tasks or goals. Additionally, some websites and applications offer small amounts of Bitcoin for playing games, and trading bots can be used to buy and sell Bitcoin on behalf of the user.
Characteristics | Values |
---|---|
Mining | Solving cryptographic puzzles to add new blocks to the blockchain |
Trading | Buying and selling to earn profits |
Lending | Lending coins to earn interest |
Referral programs | Referring friends and family to a platform for a commission |
Microtasks | Completing minor tasks for small rewards |
Play-to-earn games | Playing games to earn rewards |
Faucets | Visiting websites or using applications that provide small sums of cryptocurrency for completing tasks |
Airdrops | Free distributions of tokens to people who register for a platform or satisfy certain requirements |
Staking | Holding tokens in a wallet or exchange to secure the network and earn rewards |
Bug bounties | Identifying and reporting vulnerabilities in software for rewards |
Yield farming | Committing coins and tokens to a lending pool |
What You'll Learn
Play games
Playing games is one of the most popular ways to earn Bitcoins, and it is possible to earn something simply by playing games. There are several games that will pay you to play, including casino bitcoin games, mining games, classic arcade games, flash games, trading games, and mobile games.
One example of a game that pays you to play is Bitcoin Blast, a match-three mobile game that rewards you with Bling Points that can be exchanged for Bitcoin. However, it takes a long time to earn enough Bling Points to cash out for a meaningful amount of Bitcoin. Most users earn an amount worth only a fraction of one cent (USD).
Another example is FreeBitcoin, a simple yet ingenious game that allows you to win up to $200 in BTC every 60 minutes. Even if you don't win the grand prize, you still win at every spin. If you love risk, you can also try to double your winnings by playing Hi-Lo.
Rollercoin is a free mining game that allows you to log in by registering or via Facebook, and you can start earning Bitcoins right away. Within the game, there are some mini-games that you can play to increase your hash power.
Flash games such as Tremor Games and Cash Clamber also allow you to earn Bitcoins. Cash Clamber is particularly interesting because it allows you to create your own games and even play them with your friends. Depending on your success, you get rewarded with Bitcoins, which you can eventually start withdrawing from your account.
If you are more into the world of finance, you might enjoy Spark Profit, a simulation made specifically for having fun with currencies without actually spending money.
Mobile games are also a convenient way to earn Bitcoins. One highly-rated game is Takara for iOS devices, which is a game based on PokemonGo that shows you where its Bitcoins are hidden, but only after you have come close to them.
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Microtasks
There are several microtask platforms that offer users the opportunity to earn Bitcoin or other forms of cryptocurrency. Here are some of the most popular ones:
- Earn.com: This is a mobile application available on Android and iOS that enables individuals to earn Bitcoin or other cryptocurrencies for completing small tasks or replying to emails. The tasks on Earn include reading a white paper, signing up for an ICO telegram group or email newsletter, or giving an opinion on a blockchain project, among others. Earn has been integrated with the Coinbase wallet, allowing Coinbase users to complete tasks within their app.
- Bituro: Bituro is a mobile-based microtask application founded in 2015 that rewards users in Bitcoin, Ether, or gift cards for completing tasks such as surveys, downloading and testing mobile apps, or watching videos. It has a 4.3 rating on the Google Play Store and a 4.5 rating on the Apple Store, indicating user satisfaction with the reward-per-task ratio.
- BitForTip: BitForTip is a microtask platform that differs from other platforms by listing user-generated tasks that can be completed in exchange for a small amount of Bitcoin. Tasks include finding specific pieces of information or media online, and the first user to complete the task is rewarded with the amount of Bitcoin offered. While rewards on BitForTip are typically smaller than on other platforms, some tasks can pay up to several dollars.
- Coin Tasker: Coin Tasker was the first platform to offer Bitcoin for completing tasks and has paid over 18 Bitcoin to its members. It is partnered with over 25 networks, ensuring a constant supply of tasks. Coin Tasker pays its members in satoshis (the smallest unit of Bitcoin). Tasks include leaving comments on community platforms, and users can withdraw their earnings to their Bitcoin wallet.
- BitcoinGet: BitcoinGet is a simple-to-use platform that only requires a Bitcoin wallet address for registration. It is popular for surveys and pays in Bits (a small unit of Bitcoin). The amount users can earn depends on their speed, rank, and completion of tasks.
- JumpTask: JumpTask is a marketplace that pays users in its own cryptocurrency, JumpToken (JMPT), for completing small tasks. These tasks include playing games, taking surveys, and sharing internet traffic through its partner Honeygain. While users won't get rich, it is possible to earn $50 to $100 per month, especially with the promotions and contests that JumpTask offers.
- Freecash: Freecash is an app that offers various tasks such as testing new apps or websites, taking online surveys, and signing up for bank accounts. Users can earn Bitcoin or other rewards, and it is possible to earn $100 or more per month with consistent task completion.
While microtask platforms may not make users bitcoin millionaires, they can provide a small but consistent income stream for those looking to get started with cryptocurrency or earn some extra money on the side.
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Referral programs
- Binance: You can earn up to 40% of your friend's trading fees, depending on your BNB holdings.
- Crypto.com: Earn up to $2,000 for every successful referral. Your friend will also receive a bonus.
- Coinbase: Earn up to $10 for every successful referral that trades at least $100. Both you and your friend will receive the same reward.
- Coins.ph: Earn up to 20% of the trading commission for every successful spot trade made by your friend on Coins Pro.
- PDAX: Get ₱50 worth of BTC for every successful referral that verifies their account using your code.
- EToro: A crypto exchange and brokerage that offers a referral bonus to you and your friend when they sign up and make a deposit.
To participate in these referral programs, you will need to create a verified account on the platform. Then, you can obtain your referral code, which could be a QR code, a link, or a personalized domain. Share this code with your friends and encourage them to sign up and perform any other required actions to claim your reward. It's important to note that you don't need to invest any money to get started with referral programs, but your socialization and networking skills will be crucial for success.
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Bug bounties
Crypto bug bounty programs are an important aspect of maintaining the security and integrity of cryptocurrency exchanges, platforms, and protocols. These programs encourage white-hat hackers and security researchers to test and identify vulnerabilities in their systems, which can help prevent potential exploits or attacks.
To participate in a bug bounty program, individuals must follow the guidelines and policies set by the company offering the program. This typically includes responsible disclosure practices, such as creating test accounts, avoiding privacy violations, and reporting any findings through the proper channels.
Some examples of crypto bug bounty programs include:
- Kraken Bug Bounty Program: Kraken, a well-known cryptocurrency exchange, offers a bug bounty program that rewards individuals for finding security bugs in their systems. The minimum payout is 500 USD worth of Bitcoin.
- HackenProof Bug Bounty Programs: HackenProof maintains a list of various bug bounty programs offered by different crypto projects, including protocols, smart contracts, and web applications. The bounties can range from $2,000 to $100,000, depending on the project.
- Crypto.com Bug Bounty Program: Crypto.com, a popular cryptocurrency platform, also runs a bug bounty program through HackerOne, a well-known bug bounty platform.
By participating in these bug bounty programs, individuals can earn Bitcoin while contributing to the security and improvement of cryptocurrency platforms and protocols. It's important to carefully review the guidelines and policies of each program before starting, as each program may have specific requirements and scope.
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Airdrops
There are several types of crypto airdrops:
- Standard airdrops: Participants express their interest and provide a valid wallet address. Some standard airdrops have a set amount of tokens to distribute and a limit on how many tokens each individual may receive, making them time-sensitive.
- Bounty crypto airdrops: Users perform certain tasks such as raising awareness of a project by posting on social media and tagging the company. There may also be referral bonuses for individuals who recruit other users. In exchange, users receive points that correspond to the bounty airdrop they will receive.
- Holder crypto airdrops: These occur automatically based on who is holding existing tokens and how many tokens they hold. All blockchain users have full transparency into the wallets and distribution of tokens.
- Exclusive crypto airdrop: Specific people are individually selected for the airdrop, based on elements such as time spent on a project, money spent on non-token activity, or the number of posts in a forum.
While some airdrops are legitimate, others have been seen as fraudulent attempts to steal wallet or personal information. It is important to be vigilant about unsolicited deposits into crypto wallets and to research the projects you are investing in or attempting to claim assets for.
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