One of the most popular digital cryptocurrency is Bitcoin. There are some of the businesses where this currency is accepted and is not taxed and has minimal transaction fees. This is the reason why many people want to earn this currency. There are various different methods to earn free Bitcoins. Some of the methods are mentioned below: Bitcoins are accepted as a mode of payment: One of the simplest ways in which an individual can earn free Bitcoins is by accepting the Bitcoins as a means of payment. If the individual sells the goods and services or has a small business, then he/she can integrate this method easily and quickly with the help of the following steps:
Earn Free Bitcoins Daily without Investment in Legit Ways
Earn Free Bitcoins from Interest Payment
The individual can also earn free Bitcoins by lending them out. Given below are the various ways in which an individual can lend his/her Bitcoins –
Earn Bitcoins from Mining
Another way to generate Bitcoins is Bitcoin Mining. When an individual performs this, the computer adds new Bitcoin transactions to the blockchain. When the computer discovers a new block, then the individual is going to receive a number of free Bitcoins. Bitcoin mining is expensive and hardware intense. With this, there are some who supply computing power to the pool, and thus, Bitcoins are earned by them without having to build their own big mining frame. Given below are some of the biggest Bitcoin mining pools:
Earn Bitcoins from Tips
Earning Bitcoins as a means of payment is similar to receiving Bitcoins as tips. The individual can receive tips in different ways:
Earn free Bitcoin from Trading
Another method in which an individual can earn free Bitcoins is through trading. There are two different ways to earn money from this, that is, through arbitrage and speculation.
Arbitrage – This is considered to be the safest way to earn Bitcoins through trading. This is basically simultaneous selling and buying of assets so that the individual can take advantage of the differing prices. The individual can buy a Bitcoin and then sell it immediately for a higher price. Speculation – As compared to the above approach, this is riskier. The individual here will buy the Bitcoins and then will wait until there is an increase in the price to sell it for fiat currency. When there is a drop in the price, the individual tends to buy more. And in this way, the process is repeated. The individual either should be capable of predicting the future or luck to make this approach work in his/her favor. There are some of the people who are great traders and, thus, can recognize the patterns from the price charts.
Also Read: 18 Best Online Part-Time Jobs For Students To Earn Money There are a number of sites which are best for Bitcoin trading:
- Coinbase – For trading cryptocurrency, this site is one of the most trusted platforms. This website offers the individual the ability to trade different kinds of digital assets on an insurance and secure platform.
- Bittrex – This site is perfect for the customers who want industry-leading security practices, reliable digital wallets, and lightning-fast trade execution.
- Poloniex – This site includes trading tools that are advanced for exchange, lending, and trading. It monitors the money 24/7 and keeps it safe. Cold storage is also available.
- Cryptopia – With a much lower trading fee, this site is said to support hundreds of virtual cryptocurrencies. The main focus is on the user experience along with the integration of additional service, which can include wallet and marketplace.
- Gemini Exchange – This is a New York-based exchange and is available in 48 US states and various other countries, including Hongkong, South Korea, Singapore, UK, Canada, and Puerto Rico. There are no withdrawal fees and deposits, but there is a charge of about a 1% fee for trades to both the seller and the buyer.
Use Bitcoins as Regular Income
If an individual wishes for a regular flow of Bitcoins, then the most basic way to do so is to make it as a regular income. There are some of the merchants who willingly accept Bitcoins, and the chances are greater if the individual is working with any of those employers, they might be more than happy to pay the individual in Bitcoin, too. The individual can also find jobs online and be self-employed and get paid in Bitcoins. The individual can look out for jobs in the following websites:
Earn free Bitcoins through Affiliate Programs
Another great way to earn Bitcoins is by joining Bitcoin affiliate programs. The services running the Bitcoin affiliate program pay the individuals in the form of Bitcoins if the individual sends paying customers to the programs. The way this approach work is as follows:
Given below are some of the famous Bitcoin affiliate programs: Binance – Binance is a very popular and famous Chinese crypto-asset exchange program. This site is said to have most trade volumes. The commission per sale of this program is up to 20%. The payout is sent to the individual on the provided Bitcoin address. Etoro – This is a trading platform that is innovative in which an individual can trade stocks, ETFs, commodities, currencies, and cryptocurrencies. The individual can profit up to 25% of the net revenues from the customer of the affiliate and 10% of tier 2 affiliates. IPVanish – This is a VPN service that allows its users to connect anonymously to the internet so that they can transfer the data securely. On all new sales generated, it offers 100% commission, and on all subscription renewals, it gives up to 35%. In a lifetime, commissions can be earned by the individual. The payout frequency is generally monthly, with no minimum payout. Ledger – This is an offline wallet that allows its users to store their Bitcoins offline safely. There are varieties of available models. The individual can earn up to 15% of the net sale amount for his/her commission. The payout is received monthly by the individual. Also Read: How to Register a Company in India There are many different ways to earn free Bitcoins daily without any investment. Many people are new to cryptocurrency; they can, therefore, refer to the above-recommended ways so that they earn bitcoin without spending any money. This can also prove to be a really good start for those individuals who are interested and wish to join the Bitcoin wagon.
