The Ultimate Guide To Investing In Bitcoin Without Cost

Bitcoin has become a popular investment vehicle in the past few years, throwing open a world of opportunities for all types of investors. The best-performing asset class globally in 2020, Bitcoin is a decentralised cryptocurrency that is not controlled or owned by any government or financial institution. It is a digital payment system that is devoid of any physical form and is validated on a peer-to-peer network. Given the finite number of coins available, its value fluctuates based on market demand and supply.

There are multiple ways to invest in Bitcoin, including standalone purchases, direct transactions with a seller, brokerage or OTC, and mining. However, investing in Bitcoin does not always require a financial outlay. Several methods allow individuals to earn small amounts of Bitcoin for free, which can accumulate into a significant sum over time. These include completing online surveys, trying out apps and viewing websites, freelance work, affiliate marketing, forum-based signature campaigns, Bitcoin faucets, and playing games.

Turn your computer into a Bitcoin mining machine

It is possible to turn your computer into a Bitcoin mining machine, but it's worth noting that mining bitcoin on an individual computer is no longer viable. The process is slow and may not generate enough revenue to cover the cost of electricity.

If you want to turn your computer into a Bitcoin mining machine, there are a few steps you need to take. First, you need to prepare your computer by ensuring it meets the system requirements for cryptocurrency mining. A good graphics card with at least 6GB of RAM is essential, and a stable internet connection is also important.

The next step is to create a Bitcoin wallet to store your earnings. There are many wallet options available, such as the Coinomi wallet, which is available on any OS. It's crucial to secure your wallet recovery phrase by writing it down on paper and storing it in a safe place.

Once you have your wallet set up, you can launch mining software to start mining Bitcoin. This software will allow you to connect to the Bitcoin network and verify the authenticity of the bitcoin ledger by solving complex puzzles. As a reward for providing this computing power, you will be given newly minted bitcoins.

While it's possible to turn your computer into a Bitcoin mining machine, it's important to keep in mind that it may not be very profitable. The process can generate passive income, but the returns may not be high unless you have access to free electricity or an ultra-high-powered mining rig. Additionally, mining will slow down your computer as some of its processing power will be devoted to bitcoin mining.

Answer surveys

Answering surveys is one of the easiest ways to earn additional bitcoin for free online. It is simple, suitable for beginners, and can be done from home, in any country, and on your own schedule. The work is pretty straightforward: you answer survey questions, and in return, companies will compensate you directly.

• Sign up for as many online survey sites as possible. This will give you the best chance to earn and score more. Some popular sites include Timebucks, Cointiply, Bitcoin Reward, FreeCash, Points Prizes, Pawns.app, MySoapBox, GrabPoints, InstaGC, Superpay.me, Instars, Rewards1, and Idle-Empire.
• Complete the surveys. Survey companies will give you a list of fun surveys based on your interests, and you can choose which ones you would like to complete.
• Share your opinions. Your feedback will help companies improve and develop better products and services.
• Receive your reward. Once you complete a survey, you’ll get an instant in-app reward, which you can then withdraw in Bitcoin to your own wallet.

Some things to keep in mind:

• Don't expect to earn a full-time living from taking surveys. It's a good way to accumulate extra bitcoins in your spare time, but it won't replace a regular income.
• Be cautious about sharing personal information. Only use sites with robust data protection measures and a good reputation for dealing with personal details.
• Be aware of potential scams. Only use well-known, reputable sites to avoid falling victim to scams.
• Withdraw your Bitcoin to your own wallet. Don't store your Bitcoin on survey websites or exchanges; always secure your BTC in an offline bitcoin wallet.
• Be patient. It may take some time and patience to get the hang of it, but once you do, you'll easily make extra bitcoins with little effort.

Try out apps, view websites and click ads

There are several ways to earn Bitcoin for free by trying out apps, viewing websites, and clicking ads. Here are some methods to consider:

Try out Apps

• Brave Browser: This browser values your time, keeps your data private, and rewards you for your attention. You can earn Basic Attention Tokens (BAT) based on your browsing habits by opting into Brave Rewards. You can then connect and fund your Brave wallet with Uphold, a platform that allows you to buy, send, and transfer Bitcoin and other cryptocurrencies.
• CryptoTab Browser: This browser has a unique built-in mining algorithm that lets you earn free Bitcoins while surfing the internet. It has over 25 million users and offers 200,000 customizable extensions.
• Foldapp: Foldapp is an app that allows you to earn Bitcoin cashback of up to 20% when you shop online. You can also purchase crypto gift cards and use them at selected stores to earn cashback rates of between 2% and 10%.
• Bitcoin Wallets: You can earn free Bitcoins by using certain Bitcoin wallets. For example, the LedgerX wallet is offered by a company that produces cryptocurrency wallets and also provides a savings account licensed by the US Commodities Future Trading Commission.
• Bitcoin Games: There are various games that reward you with small amounts of Bitcoin. For example, Satoshi Hero lets you earn Bitcoin by playing games of different genres while also earning Bitcoins.

View Websites

• Cointiply: This is a bitcoin rewards website with over 2.7 million users. You can earn free bitcoins by completing surveys, participating in bitcoin faucets, and other easy tasks.
• Coinbase Earn: While not a typical Bitcoin faucet, Coinbase Earn allows you to earn free crypto by answering questions and learning about specific projects. You can earn up to $167 USD worth of crypto.
• Lolli: Lolli gives you free Bitcoin when you shop at over 1,000 top stores. You can install the Lolli web extension, which will notify you when you're shopping at a Lolli-affiliated store. Cashback rates vary from 0.5% to 27% of the original value of your purchase.
• Bitcoin Lending Platforms: You can use sites like Binance Earn to lend your Bitcoins and earn interest on your holdings. These platforms connect borrowers who need crypto with crypto owners who are willing to lend their coins.
• Bitcoin Exchanges: You can earn free Bitcoins by using certain Bitcoin exchanges. For example, Blockfi offers interest accounts where you can earn up to 8.6% APY on your Bitcoin holdings.

Click Ads

• Bitcoin Faucets: Bitcoin faucets are websites that provide small amounts of Bitcoin for viewing ads or completing small tasks. Examples include Cointiply and Freebitcoin.
• BTCClicks: With BTCClicks, you can earn Bitcoins by viewing ads for a duration between 10 to 200 seconds. No sign-up is required, and you can choose the length of the ad you want to view.
• Bit Fun: With Bit Fun, you can earn BTC by playing free games and clicking on or viewing advertisements.

While these methods can earn you free Bitcoin, it's important to remember that the earnings may be small, and you may need to invest significant time and effort to accumulate substantial amounts. Additionally, always exercise caution when dealing with cryptocurrencies, and only use trusted and secure platforms and wallets.

Complete online jobs

Completing online jobs is a great way to earn Bitcoin for free. Here are some ways to do this:

Microtasks

Complete small tasks such as watching advertisements, filling out surveys, or playing games and receive Bitcoin as payment. Bitcoinreward, for example, offers bitcoin in exchange for playing games or completing surveys, with the largest offer being 0.001 bitcoin for completing a survey.

Affiliate Marketing

Refer new users to Bitcoin services or products and earn a commission on their transactions. For instance, Lolli offers a crypto cashback system where you can shop through the links on their website and receive cashback in the form of cryptocurrency.

Freelancing

Offer your skills and services to clients in exchange for Bitcoin payments. More and more employers are paying in Bitcoin for simple part-time freelancing or full-time positions. Job boards such as Coinality, /r/Jobs4Bitcoins, and BitGigs list Bitcoin job opportunities.

Staking

Hold and "stake" a certain amount of Bitcoin to support the network and receive rewards in return.

Earning Interest

Some platforms allow you to earn interest on your Bitcoin holdings. For example, you can put your Bitcoin in a Bitcoin savings account and earn a flat interest rate on your cryptocurrencies.

Join a Bitcoin affiliate program

Joining a Bitcoin affiliate program is another way to invest in Bitcoin for free. Affiliate programs allow you to earn Bitcoin or other cryptocurrencies by promoting a company's products or services. Here's how you can join and benefit from a Bitcoin affiliate program:

Choose a Reputable Program

Start by selecting a well-known and trusted Bitcoin affiliate program. Examples include Coinbase, Coinmama, Ledger, BitcoinIRA, Coinpanda, and OKEx. Research each company, understand their offerings, and choose the one that aligns with your interests and goals.

Sign Up and Get Approved

Visit the website of your chosen affiliate program and look for their "Affiliate" or "Partner" section. Fill out the necessary forms and provide any required information to sign up. Some programs may have specific eligibility criteria, so ensure you meet their requirements. After submitting your application, await approval to become an official affiliate partner.

Promote and Earn Commissions

Once approved, you'll gain access to promotional tools, such as referral links, banners, and marketing materials. Share these with your audience through various channels, such as your website, blog, social media, or email marketing. When someone clicks on your referral link and makes a purchase, you'll earn a commission, often paid in Bitcoin or other cryptocurrencies.

Track Your Performance

Most Bitcoin affiliate programs provide access to a dedicated dashboard or tracking software, allowing you to monitor your campaign's performance. Use these tools to optimize your promotions and track your earnings. You can also leverage custom reports and performance data to refine your strategies and increase your earnings over time.

Enjoy the Benefits

Bitcoin affiliate programs offer various benefits, including competitive commissions, recurring or lifetime commissions, exclusive bonuses, and early access to company offerings. Some programs also provide educational resources to help you succeed. Remember, there is usually no limit on how much you can earn, so your potential for investing in Bitcoin is vast.

By joining a Bitcoin affiliate program, you can effectively invest in Bitcoin without any upfront costs. Be sure to carefully review the terms and conditions of each program before signing up, as they may have specific requirements and guidelines for their affiliates.

Frequently asked questions