Bitcoin is the most valuable digital currency and the pioneer of cryptocurrencies. Crypto investors all around the world are eager to get their hands on this asset as a result of its rising fame. Although Bitcoin can be bought on a number of crypto exchanges and platforms, what if there was a way to get it without paying for it? This blog covers a thorough explanation of the seven different ways you might earn Bitcoin.

Seven Different Ways to Earn Free Bitcoin

As Bitcoin’s popularity is at the top, many people are looking for ways to get free BTC. If you search this term on Google, you will find numerous ways to get free Bitcoin, but most of them should be disregarded since they don’t justify the trouble and labour that investors must expend. Most of them have complications too. Moving further, here are the 7 different ways by which you will earn Bitcoin without needing to make any personal investments.

1. Sign up Reward

If you register as a user, several cryptocurrency exchanges like eToro, ZenGo, KuCoin, Nexo, Coinbase, ZenGo, etc. offer sign-up bonuses on joining the platform. While it might be worthwhile to take the time to earn them all, you might want to choose the best option that is accessible. Although you will have to contribute some yourself, the good news is that this is one of the safest choices if you want to get free money. Exchanges occasionally introduce specials or offer time-sensitive benefits, so keep an eye out for those new chances.

2. Bug Finding

Another way to make free Bitcoin without paying for it is to assist businesses in locating and reporting software flaws. Depending on the magnitude of the seriousness of the problem, these bounties could come in the form of cryptocurrency rewards and could be worth a few hundred to tens of thousands of dollars. At present, Binance, Kraken, and Pionex are some major exchanges from which bug bounty can be availed.

3. Crypto Staking

Staking is storing a predetermined quantity of cryptocurrency tokens in an exchange or wallet in order to benefit from network security and collect incentives. It involves locking up one’s money for a fixed amount of time. In the time frame one might not be able to access or exchange it. Therefore, before you begin staking, the advise of experts should be noted i.e. make sure you are aware of the risks and possible profits. As per coingape , Binance, KuCoin, Coinbase, and Gemini are some of the leading crypto staking platforms.

4. Lending Bitcoin

Using different lending sites, Bitcoin lending is a well-liked way to earn Bitcoin. One of the most crucial points while lending Bitcoin is to collaborate with a reputable platform for a safe and secure deal. Platforms like CoinDCX, ZebPay, and BlockFi, offer you to earn money by lending your Bitcoin to individuals or businesses that need it. Traders widely use this platform by lending Bitcoin to borrowers and collecting interest on the deal. You get Bitcoin in exchange for this. 

5. Holding Bitcoin

Long-term cryptocurrency investors hold Bitcoins and then sell their holdings at a significant profit when prices are high. You can also earn interest on Bitcoins you already own by depositing them in interest-bearing cryptocurrency sites.

6. Claiming Airdrops

As a marketing strategy, new cryptocurrencies employ airdrops to give away free tokens to current users. Usually, you must have a cryptocurrency wallet and be a member of the airdrop’s social media channels in order to claim an airdrop.

7. Bitcoin Trading

Comparatively, trading is one of the fastest ways to earn Bitcoins. But here, along with an earning potential, a higher risk is also involved. The trader needs to have a good understanding of market dynamics and movements. You are well capable of taking speculative risks when trading in Bitcoin.

Conclusion

As discussed above, there are a plethora of options available to get free Bitcoin. But keep note that when you go through your free possibilities, be sure to team up with a reputed and a trustworthy crypto Exchange.

Frequently Asked Questions (FAQs)