Get Bitcoin For Free: No Investment Needed

Bitcoin is a cryptocurrency with a finite supply, and its value comes from its payment system and store of value. There are several ways to get Bitcoin without making a direct investment. These include:

- Using a credit card that earns crypto as a reward

- Purchasing shares in companies that work in blockchain technology or hold cryptocurrency on their balance sheets

- Getting paid in Bitcoin for freelance work

- Selling goods or services in exchange for Bitcoin

- Completing micro-jobs or small tasks for Bitcoin

- Creating online content on blockchain-based platforms that reward users with cryptocurrency

- Purchasing Bitcoin at specialised ATMs

Bitcoin mining companies

There are several large Bitcoin mining companies in the market, including:

• Marathon Digital Holdings
• Bitdeer Technologies Group
• HIVE Blockchain Technologies
• GRIID Infrastructure
• Stronghold Digital Mining
• Gryphon Digital Mining
• BIT Mining
• Greenidge Generation Holdings
• CleanSpark
• Bitfarms Ltd

These companies have varying business models, with some focused on sustainability and clean energy, while others emphasise their technical capabilities and global reach.

Investing in these companies can be done through purchasing shares on the stock market. This allows investors to gain exposure to the Bitcoin industry without dealing with the complexities and risks of buying and holding Bitcoin directly.

Additionally, some companies that support Bitcoin's infrastructure can also be considered. These companies provide the hardware and technology required for mining operations, and their performance is often tied to the price of Bitcoin. Examples include companies that create ASIC mining machines and cloud computing providers.

Overall, investing in Bitcoin mining companies offers a more traditional and regulated way to get involved in the Bitcoin ecosystem without the need for a direct investment in Bitcoin.

Bitcoin derivatives

Derivatives are financial contracts that derive their value from an underlying asset. In the case of Bitcoin derivatives, the value is derived from Bitcoin. These contracts allow traders to speculate on the price movement of Bitcoin without actually owning it. Bitcoin derivatives are complex and are best suited for advanced traders.

The two main types of Bitcoin derivatives are futures and options contracts.

Futures

A futures contract is an agreement between a buyer and a seller to buy or sell Bitcoin at a specified price on a future date. The buyer of a futures contract is expecting the price of Bitcoin to increase, while the seller expects the price to decrease. The profit or loss is determined by the difference between the specified price in the contract and the market price of Bitcoin on the date of expiration.

Options

Options contracts give the holder the right, but not the obligation, to buy or sell Bitcoin at a specified price (strike price) before a certain date. There are two types of options: call options and put options. A call option gives the holder the right to buy Bitcoin at the strike price, while a put option gives the right to sell Bitcoin at the strike price.

Perpetual Futures

Perpetual futures, also known as perpetual contracts, are a unique type of futures contract that do not have an expiry date. Traders can hold these contracts for as long as they wish until they decide to close their position or are forced to due to margin issues.

Benefits of Bitcoin Derivatives

• Risk management: Derivatives can be used to hedge or protect a portfolio from adverse price movements in Bitcoin.
• Speculation: Derivatives allow traders to speculate on the future price of Bitcoin, profiting from both upward and downward price movements.
• Liquidity: Derivatives increase market liquidity, making it easier for traders to enter and exit positions.
• Price discovery: Derivatives facilitate price discovery by allowing traders to take long or short positions, leading to a more efficient market.
• Diversification: Derivatives offer traders more options to diversify their portfolios across multiple crypto assets.

Risks of Bitcoin Derivatives

• Volatility: The value of derivatives is tied to the underlying asset, so they can be highly volatile, leading to potential losses for traders.
• Illiquidity in certain regions: Derivatives trading is illegal in some regions, limiting the liquidity and tradability of these contracts.
• Counterparty risk: Over-the-counter futures contracts may involve counterparty risks due to a lack of due diligence.

Bitcoin-related businesses

Cryptocurrency Exchange

You can start a business that facilitates the buying and selling of Bitcoin and other cryptocurrencies. These exchanges provide a platform for users to trade cryptocurrencies, often offering a range of different coins to choose from. Examples of cryptocurrency exchanges include Gemini, Kraken, Coinbase, and Crypto.com.

Bitcoin Wallet Provider

Another option is to create a Bitcoin wallet service, allowing users to store their Bitcoin securely. Wallet providers often offer additional features such as the ability to track transactions, set fees, and manage private keys. Examples of Bitcoin wallet providers include Blockchain.com and Coinbase.

Payment Service Provider

You can also start a business that specializes in Bitcoin payments, allowing merchants to accept Bitcoin as a form of payment from their customers. This can include providing Bitcoin debit cards, international transfer services, and integration with existing payment systems. Some payment service providers include BitPay and Coinbase Commerce.

Bitcoin Mining

Bitcoin mining is the process of verifying transactions on the blockchain and adding them to a public ledger. You can start a business that invests in specialized computer hardware and software to mine Bitcoin. Mining pools, cloud mining services, and ASIC-based miners are all options to consider in this field. Examples of Bitcoin mining companies include Bitmain and Canaan.

Bitcoin Derivatives Trading Platform

Another option is to create a trading platform specifically for Bitcoin derivatives, such as options, futures, and other financial products tied to the price of Bitcoin. These platforms offer traders the ability to speculate on the price of Bitcoin without actually owning the underlying asset. Examples of Bitcoin derivatives platforms include Deribit and CME Group.

These are just a few ideas for Bitcoin-related businesses that you can start. Remember to do your own research and consult with legal and financial professionals before starting any new business venture.

Microtasks

There are several platforms that offer microtasks, and it is important to choose one that is reputable, offers good rewards, and values your digital safety. Here are some of the top platforms for crypto microtasks:

• Earn.com: This platform offers a variety of tasks such as replying to emails, joining a telegram ICO, reading whitepapers, and giving opinions on projects. Rewards can range from $5 to $10, and you can set your own price for certain tasks.
• Bituro: This platform rewards users for completing tasks like surveys, watching videos, and testing mobile applications. Rewards are recorded in points that can be converted to Bitcoin, Ether, or gift cards.
• Coin Tasker: Coin Tasker was the first platform to offer Bitcoin for completing tasks and has paid out over 18 Bitcoin to its members. Tasks include leaving comments on community platforms, and members are paid in satoshis (the smallest unit of Bitcoin).
• BitcoinGet: This platform is popular for surveys and pays in Bits, with earnings of up to 300 Bits per survey. Your earnings depend on your speed, rank, and completion rate.

Remember to always be cautious and avoid scams when participating in microtask platforms. Additionally, ensure that you do not share any sensitive personal information, such as IDs, biometrics, pins, or passwords.

Bitcoin ATMs

• Enter the amount to purchase. Depending on local regulations and the amount you are purchasing, you may be required to verify your identity.
• Provide your Bitcoin wallet address. You can use the Bitcoin ATM's camera to scan the QR code of your Bitcoin wallet address that is displayed in your Bitcoin wallet app.
• Pay. In addition to cash, you may be able to pay with a credit card, payment app, etc.
• Receive the bitcoin in your Bitcoin wallet. This generally takes a few minutes. The Bitcoin ATM will provide you with a transaction ID that you can use to monitor the status of the purchase.
• Enter the amount to sell. Depending on local regulations and the amount you are selling, you may be required to verify your identity.
• Send Bitcoin to the provided address. The Bitcoin ATM will generate a Bitcoin address for your transaction. You can scan the QR code of the provided address and send the Bitcoin to that address using your Bitcoin wallet app.
• Take your cash. Once the Bitcoin ATM receives the Bitcoin, it will dispense your cash. This generally takes a few minutes, and you can monitor the status of the transaction using your Bitcoin wallet app.

It is important to note that most US cryptocurrency ATMs charge transaction fees between 6.5% and 20%. Additionally, some Bitcoin ATM providers require users to have an existing account to transact on the machine.

There are tens of thousands of Bitcoin ATMs worldwide, with the majority of them located in the United States.

Frequently asked questions