Bitcoin has been on a bull run since its inception. I am not ignoring its bearish days, but it has overall been bullish. It is evident from this Google Trends chart:
Let’s not forget that Bitcoin recently surpassed $65,000!
I am not too surprised by this crazy run because the concept of truly decentralized, borderless, and uncensored digital money is revolutionary and worthy of attention. People around the world have also started appreciating Bitcoin’s power.
Besides, for citizens of countries like Argentina, Venezuela, Zimbabwe, and Greece, the idea of having a currency that increases their purchasing power is unique and exciting. The realm of Bitcoin is spreading every day.
Many have fallen into the pit of scams to earn or buy bitcoin. It is why in this article, we will discuss some of the authentic and low-entry barrier ways to earn Bitcoin.
Cointiply is a Bitcoin rewards website to earn free bitcoin. Cointiply gives you tasks upon whose completion you accumulate free bitcoin. The website is free to use. Once you register, you can find many quizzes, surveys, and other tasks tailored to your age and location.
Here is the income proof from Cointiply:
Although a slow process, it is a perfect fit if you are serious about earning Bitcoin for free.
Coinbase Earn is an educational initiative by a popular USA-based crypto exchange called Coinbase. Here is how Coinbase Earn works:
You can then exchange these cryptos for Bitcoin using a Coinbase account or continue keeping the same.
It is a new way to earn free Bitcoin in 2021. At the time of writing, this trick is available only for US-based users who play Counter-Strike Go.
Here is how to earn Bitcoin while playing games:
You can join any server of your choice, and win to earn Bitcoin.
I expect more games like this to launch in the days to come. This is one area where gamers must pay attention.
The best part of the popular websites is that they provide you with a Bitcoin wallet address where you can store and spend Bitcoin directly. These are some of the most trusted websites to get Bitcoin:
I’m a big fan of CEX as they provide an excellent mobile app for Android and iOS. You can quickly receive Bitcoin from others or buy it on their exchange. However, this may not necessarily be free of charge.
“Shop and earn” is by far one of the fastest ways you can earn free bitcoin when you spend money online. Using Bitrefill or Lolli which is a crypto reward app, you can earn Bitcoins for your usual online spend.
Lolli supports all major online retail shops that you can use daily to accumulate a decent amount of Bitcoins.
To get started, here is what you need to do:
I have been using Lolli for a while and here is what I have earned in Bitcoin:
Lolli is more like a one-time setup. Over time, you can accumulate Bitcoins via this trick.
Other similar apps are:
Working for Bitcoin is one of the easiest and most legit ways to earn it.
Whether you are an engineer, designer, writer, singer, translator, editor, internet marketer, freelancer, or developer, you can start working for Bitcoin right away. Numerous platforms and websites offer you bitcoins in exchange for your service.
Some of these platforms are:
Another authentic and cost-effective way of earning bitcoins is through Crypto trading. The idea is simple but takes a lot of awareness and analysis to be successful.
In this method, the basic concept is diversifying and investing in various cryptocurrencies when the market is bearish and selling them during a bull run.
When you do this, you earn Satoshi by selling them for profit, thereby earning more BTC.
I have done this multiple times and received a good ROI. But do not take this as investment advice rather DIY (Do It Yourself) and DYOR (Do Your Own Research).
You can simply start by following and closely monitoring your favorite cryptos. Start investing in them through various exchanges. Some of the best cryptocurrency exchanges that we suggest you buy from are listed below. On these exchanges, you will also find most altcoins.
Note: This list starts with the easiest to navigate exchanges for newbies and moves toward the most advanced exchanges.
Learn: How to Start Crypto Trading (Beginners Guide)
There is a saying – “You should put your money to work.”
If you are already HODLing Bitcoin, you can put it to work and earn profits by lending it. There are many peer-to-peer Bitcoin lending platforms that allow you to do this while giving a 3%-8% return on your investment in the form of bitcoins.
Blockfi is one such website that has been around for a while. I have already done a detailed write-up on such Bitcoin loan sites.
Word of Caution: This space of lending is highly unregulated. You must diligently choose the borrower to whom you want to lend your Bitcoin and strictly adhere to the platform policies to make sure you get the returns.
Also see: How to earn interest on Bitcoin
Update: This is not effective as of now. The first five options work like a charm to earn Bitcoin.
It is a revolutionary way of earning bitcoins if you are good at offline/online research.
Bitfortip is a mobile and desktop platform that pays you for being helpful to others. Their tagline is, “Tip Bitcoins as an incentive. Earn Bitcoins for being helpful.”
If you give an adequate answer to the questions asked on the platform, you receive Bitcoin tips in exchange for your answer. For example, if I want to know where I can buy a pink Persian cat in India, I can give a Bitcoin tip to whoever provides me with a correct answer.
I really like their platform as it is available in 11 international languages. This provides a low-entry barrier for many people around the world.
See this example of a question asked:
And check out their official video:
This concludes my write-up here. Before I leave you to explore all these options of earning Bitcoin, I want to address one thing – Why didn’t I talk about Bitcoin gambling or mining on this list?
I haven’t included them because gambling isn’t legal and mining Bitcoins is not for everyone because of big mining farms and ASICs.
That being said, if you want to get involved in mining, you can join a cloud mining service like Genesis mining or Hashflare or buy an ASIC from Bitmain.
Now it’s time to hear from you: Which method you are using to earn bitcoins? How has your experience been? Did I miss any more super easy and effective ways to earn bitcoins?
Let me know your thoughts in the comments section below!
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