Fast Bitcoin: Earn Without Investment

Bitcoin is a decentralised digital currency that can be bought, sold, and exchanged without intermediary or government intervention. There are several ways to earn Bitcoin without investment, although they often require time and effort. These include:

- Bitcoin faucets, which reward users with small amounts of Bitcoin for completing tasks such as captcha typing, watching ads, playing games, taking surveys, and more.

- Playing certain games that reward players with cryptocurrency, such as Rollercoin, Spells of Genesis, and EOS Knight.

- Answering questions on websites such as Seemit and Bitfortip, which pay users in Bitcoin for providing the best answers.

- Supplying Bitcoin-related services, such as blockchain development, bitcoin website management, graphics and comic designing, and marketing.

- Bitcoin affiliate marketing, where you promote other people's products for a commission paid in Bitcoin.

- Writing about Bitcoin for Bitcoin news websites, blogs, and forums.

- Trading Bitcoin on exchanges such as Binance or CEX.io, buying when the price is low and selling when it goes up.

Bitcoin faucets

• FreeFaucetSatoshi Labs: A legal site that pays tokens for viewing advertising content. Users can also perform several simple tasks like reading letters, surfing the web, and entering captchas.
• Rollercoin: A platform that offers ten simple and interesting games. Even if users don't complete the tasks, Rollercoin credits them with power, or hashrate, which can be used to simulate crypto mining within the game.
• Spells of Genesis: A free card arcade game running on macOS and PC that allows players to collect items stored on the Ethereum blockchain. These can be exchanged for other artefacts or sold for cryptocurrency.
• EOS Knight: A knightly saga with collectibles stored on the EOS blockchain, which can be exchanged within the game using smart contracts.
• Altcoin Fantasy: An educational platform that teaches users how to trade. It provides users with virtual points to trade digital coins, with an interface similar to that of real exchanges. Altcoin Fantasy also hosts trading contests, with prizes in Bitcoin, Ethereum, and Stellar.
• Blockchain Poker: A one-table, no-limit Texas Hold'em cash game that lets users play with real Bitcoins. New players automatically receive free Satoshi to play with, but the minimum withdrawal amount is relatively high at 100,000 Satoshi.
• BitFun: A platform that allows members to receive free Satoshi every three minutes by playing games and watching ads between games. The minimum withdrawal limit is 10,000 Satoshi.
• PipeFlare: A platform game and crane in one. Users can get rewards in cryptocurrency while playing games and can request a free cryptocurrency ZEC, FLR, or DOGE every 24 hours.

While these methods can earn you Bitcoin without investment, they are time-consuming and may not result in substantial income.

Micro jobs

• Clicking on ads or buttons on Pay-to-Click (PTC) websites. This can include visiting bitcoin faucets, which are a type of PTC site where you repeatedly visit every few minutes to claim a small amount of coins. While the earnings from these sites may not be significant, owning your own faucet site can be more lucrative due to ad revenue.
• Completing surveys or offers on websites like Cointiply, Freebitcoin, or Freecash. These sites offer small amounts of Bitcoin for completing tasks and may also provide opportunities to boost earnings through interest or bonus programs.
• Participating in bitcoin faucets, which provide a very small amount of Bitcoin for visiting a site or completing a simple task, such as captcha typing or watching ads. Examples of faucet sites include FreeFaucetSatoshi Labs, CoinEarn, and Blockreward.app.
• Playing games that reward players with Bitcoin, such as Satoshi Hero, Rollercoin, or blockchain poker. These games can be a fun way to earn Bitcoin, but the earnings are typically very low.
• Completing small tasks or providing services on Bitcoin earning sites like Allcoin or CryptoTab Browser. These sites may offer a variety of ways to earn, such as viewing ads, offerwalls, creating shortlinks, or even just surfing the internet.

While micro jobs can be a way to get started with Bitcoin, it's important to remember that they often require a significant time investment for relatively small earnings. Additionally, it's always important to be cautious when using new websites or services, as scams are unfortunately common in the cryptocurrency space.

Bitcoin lending

When lending Bitcoin, you will typically use a lending platform that acts as an intermediary by finding borrowers for your funds. These platforms then pass on the interest from these loans to you as yield rewards, after taking a cut for themselves. Any time you lend your Bitcoin, you will earn interest on it in the form of Annual Percentage Yield (APY). This works similarly to traditional APY savings accounts at banks, but crypto APYs tend to be higher due to the higher risk profile of crypto.

Your loaned Bitcoin is provided to borrowers, who must put up collateral to guarantee that loans can always be repaid. This means that you won't lose your funds if borrowers default.

There are some risks to lending Bitcoin. Many lending platforms require you to lock up your crypto for a fixed period, during which you won't be able to withdraw or sell it. This can be disadvantageous if you want to realize gains from significant market moves. Additionally, the crypto space is known for platform hacks and insolvencies, so there is a chance you could lose your funds.

• Cake DeFi: Available to US residents, this platform offers a unique approach to providing loan returns through batches. It guarantees a base APY of 2.5% and goes up to 3.75% if Bitcoin grows by more than 20% during the batch period.
• Nexo: One of the most forward-thinking companies in crypto lending, Nexo's Bitcoin lending rates start at 3% APY and go up to 7% for holders of the NEXO token who lock up their Bitcoin for at least one month.
• Bitbond: A platform that allows you to lend Bitcoin and get your investment back with interest.
• BitJam: A Bitcoin investment site where you can lend your Bitcoin and earn interest.
• Loanbase: A platform where you can lend your Bitcoin and get your investment back with interest.

Bitcoin mining

Bitcoin is a digital currency that requires a process called mining. Bitcoin mining is a network-wide competition to generate a cryptographic solution that matches specific criteria. When a correct solution is reached, a reward in the form of bitcoin and fees for the work done is given to the miner(s) who reached the solution first.

The Bitcoin mining process also confirms transactions on the cryptocurrency's network. As an incentive to participate in the process, bitcoin is rewarded to those that win the competition.

How Bitcoin Mining Works

Bitcoin miners compete to solve extremely complex math problems that require the use of expensive computers and enormous amounts of electricity. To complete the mining process, miners must be the first to arrive at the correct or closest answer to the question. The process of guessing the correct number (hash) is known as proof of work. Miners guess the target hash by randomly making as many guesses as quickly as they can, which requires major computing power. The difficulty only increases as more miners join the network.

The computer hardware required is known as application-specific integrated circuits, or ASICs, and can cost up to $10,000.

If a miner is able to successfully add a block to the blockchain, they will receive a reward in the form of bitcoin. The reward amount is cut in half roughly every four years, or every 210,000 blocks.

It depends. Even if Bitcoin miners are successful, it’s not clear that their efforts will end up being profitable due to the high upfront costs of equipment and the ongoing electricity costs. The electricity for one ASIC can use the same amount of electricity as half a million PlayStation 3 devices, according to a 2019 report from the Congressional Research Service.

As the difficulty and complexity of Bitcoin mining have increased, the computing power required has also gone up. Bitcoin mining consumes about 176 terawatt-hours of electricity each year, more than most countries, according to the Cambridge Bitcoin Electricity Consumption Index.

How to Start Bitcoin Mining

• Wallet: This is where any Bitcoin you earn as a result of your mining efforts will be stored. A wallet is an encrypted online account that allows you to store, transfer and accept Bitcoin or other cryptocurrencies.
• Mining software: There are a number of different providers of mining software, many of which are free to download and can run on Windows and Mac computers. Once the software is connected to the necessary hardware, you’ll be able to mine Bitcoin.
• Computer equipment: The most cost-prohibitive aspect of Bitcoin mining involves the hardware. You’ll need a powerful computer that uses an enormous amount of electricity to successfully mine Bitcoin. It’s not uncommon for the hardware costs to run around $10,000 or more.

Bitcoin trading

To earn Bitcoins when trading on these markets, it is important to start by understanding the markets and the involved risks. You need to understand the factors that define the market and the market shifts to make the right predictions.

There are four trading strategies you can use when investing money in Bitcoin:

• Day Trading: This is also called intraday trading, where investors buy and sell a position within a single trading day. The major benefit of day trading is that you need not pay overnight funding charges on your position.
• Bitcoin Hedging: This strategy is used to minimize risks by taking an opposing position to one you have already purchased. This type of trading is usually practised when the market is moving against you.
• Trend Trading: People practising trend trading opt for a position matching the current trend. For instance, if the trend is bullish, you will prefer investing for the long term, whereas if the trend is bearish, you will make short-term investments.
• HODL (Buy and Hold): This strategy involves buying and holding Bitcoins until their price increases. This trading strategy involves long-term investments and a lot of patience.

While there are many methods for earning Bitcoins fast, each comes with unique risks. The most important thing is to ensure you understand the selected method and take all the necessary precautions to avoid getting scammed.

Frequently asked questions