How to Get Bitcoins for Free? The 8 Most Popular Ways

As cryptocurrencies take the financial world by storm, Bitcoin plays a vital role on the market. Because of that, many wonder how to get Bitcoins for free. If that’s your case, don’t worry - I’m here to point you in the direction of your free Bitcoins (and other cryptocurrencies too)!

While many perceive Bitcoin as an investment opportunity that requires financial resources, there definitely are ways to acquire this digital asset without charge by using free crypto mining apps, crypto exchanges like Binance or KuCoin, and other tools.

That said, let's explore these exciting avenues that can lead to a Bitcoin bonanza and tap into the vast potential of how to earn crypto for free!

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How to Get Bitcoins for Free?

There's actually a huge variety of methods on how to get Bitcoins for free. However, I've handpicked the 8 most popular ones among crypto enthusiasts. Without further ado, let's get to it!

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Airdrops

Airdrops are distribution events where companies or projects give away free coins to users. The purpose is to create awareness, gain traction, and attract more people to their platform or ecosystem.

To get started with airdrops, keep an eye out for announcements on reputable cryptocurrency websites, forums, and social media channels.

Companies will often provide instructions on how to participate, so follow the steps and make sure to fulfill any requirements they may have.

Typically, airdrop requirements include signing up for a platform, joining their social media channels, or completing simple tasks like sharing a post or referring friends. These tasks are designed to increase engagement and spread the word about the project.

Once you've completed the necessary steps, you'll receive the airdropped coins directly into your digital wallet. It's important to have a secure and reliable wallet where you can safely store your new coins.

Speaking of crypto wallets, there's a variety of options you can choose from, ranging from online wallets (like Binance Wallet or Coinbase Wallet) to hardware wallets (such as Ledger Nano X). However, for extra security, I suggest going for a hardware wallet.

Besides, it's also worth noting that not all airdrops are created in the same way. Some projects may offer a significant number of coins, while others may provide smaller amounts.

Nevertheless, remember that participating in airdrops can be an exciting way to earn free crypto, but it's essential to exercise caution. Beware of scams and fraudulent airdrops that aim to steal your personal information or funds!

Earning Programs

Moreover, if you're looking for options on how to earn crypto for free, earning programs offer a practical and rewarding way to do so. Truth be told, they usually provide many pathways to earn free crypto. However, to truly understand how one works, it's best to pick an actual example. Therefore, I’ll focus on one of the most popular earning programs – Binance Earn.

Binance Earn is a comprehensive program on the Binance ecosystem. In order to give users an easy and safe way to earn free crypto gradually, it consolidates many earning possibilities. Whether you're a HODLer (someone who holds cryptocurrencies for the long term) or an active trader, Binance Earn has something for everyone.

Getting started with Binance Earn is a breeze. The platform offers a wide range of products, so you can choose one that suits your investment goals best. Here are some of them:

• Simple Earning. For one, there is a one-stop investment solution that allows you to earn passive income through savings and staking. It also offers Auto-Invest Plans, which make it easier for users to automate their investment strategies.
• Staking. Moreover, there are several staking options, such as Ethereum (ETH) Staking and DeFi Staking. Simply put, staking is the process of locking up your cryptocurrencies to support the network's operations and, in return, earn rewards.
• Farming. Furthermore, the program also offers farming opportunities through Binance Liquid Swap. By using it, you can earn rewards for providing liquidity.
• Dual Investment. Lastly, Binance Earn offers a unique feature called Dual Investment, allowing traders to buy or sell cryptocurrency at their desired price and date in the future. This feature yields relatively high rewards regardless of the market direction.

Though, note that apart from Binance Earn, there are other similar earning programs available. KuCoin Earn, Coinbase Earn, and Bybit Earn are some of the most notable ones. So, be sure to explore them too if you want to get free crypto rewards.

By the way, if you want to know more about Coibase Earn, for example, and how to get Bitcoins for free using it, check out this Coinbase Earn tutorial.

Faucets

Now, if you're looking for a straightforward way of how to get Bitcoins for free, faucets are surely worth exploring. Bitcoin faucets are websites or apps that reward users with small amounts of Bitcoins for completing simple tasks or activities.

Using a faucet is quite easy. All you need to do is visit a reputable faucet website or download a faucet app on your mobile device. Once you're on the platform, you'll usually be asked to solve a captcha or complete a short task to prove you're a real person and not a robot.

Tasks can vary and might include watching a short advertisement, clicking on links, or playing simple games. These tasks are designed to be quick and easy, so you won't need any specialized skills or expertise to complete them.

Once you've completed the task, the faucet will reward you with a small amount of Bitcoins, which is then transferred directly to your wallet. While the amounts you receive from faucets may be small, they can accumulate over time, especially if you visit multiple faucets or use them regularly.

However, it's important to note that not all faucet websites or apps are trustworthy, which means that some may be scams. To ensure a safe experience, stick to well-known and reputable ones. Do some research, read reviews, and look for faucets that have been around for a while and have a good track record of paying out rewards.

Just keep in mind that the availability of Bitcoin faucets may vary. Some may have daily or hourly limits on the number of claims you can make, while others may require you to reach a minimum threshold before you can withdraw your earnings. So, be sure to check the terms and conditions of each faucet you plan to use.

Bitcoin Mining

If you're ready to dive deeper into the world of Bitcoin and have a bit more technical prowess, free crypto mining platforms can prove to be an exciting way how to get Bitcoins for free. Mining is the process of creating new tokens by validating transactions and adding new blocks to the blockchain.

Well, okay, it's not exactly 100% free. You see, in the early days of Bitcoin, mining could be done using a regular computer or laptop. However, as the network grew and the mining difficulty increased, specialized mining hardware appeared, introducing such concepts as CPUs, GPUs, and ASICs into the crypto world.

Now, while the mining process itself is free, it requires a significant investment in mining hardware, electricity, and cooling systems. So, unless you received mining hardware as a gift and you don’t have to pay for your electricity bills, Bitcoin mining will not be a completely free process.

Well, at least it won't be if you participate in individual (or solo) mining with your own hardware. Besides, since crypto mining overall has become highly competitive, the chances of mining a Bitcoin block and earning the associated reward for individual miners are pretty slim.

This is why many people usually participate in mining through mining pools. Mining pools are communities of miners who combine their computing power to increase their chances of successfully mining a block. When a block is mined, the reward is distributed among the pool members based on their contributed computational power.

If you join a mining pool, you will have to share rewards with others, but you'll also have a higher chance of getting that reward. Besides, you will kind of share your expenses, too (as you won't need to use that much electricity).

So, wait, even if I join a mining pool, I'll still have to have mining hardware? Well, yes. However, if Secret Santa didn't bring you any mining hardware and you don't want to buy it, there's also the concept known as cloud mining. It will allow you to get involved in free crypto mining without the need to own extensive hardware.

How does it work? In essence, it allows you to rent computing power from mining companies, which will handle the maintenance and operation of the mining hardware on your behalf. In return, you'll receive a portion of the mined cryptocurrencies. You will have to cover a part of the company's electricity expenses, though.

All in all, while mining is not a completely free way of how to get Bitcoins, as it requires purchasing mining equipment and paying for electricity or renting computing power, the act of mining Bitcoin itself is free and can result in lucrative rewards.

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Learn-to-Earn Programs

Learn-to-Earn programs are designed to incentivize learning about cryptocurrencies and blockchain technology by rewarding participants with free crypto rewards. These programs typically involve educational courses that cover various aspects of Web3 or specific projects.

You can find some great Learn-to-Earn programs on renowned crypto exchanges like Binance, KuCoin, or Coinbase. By enrolling in these programs, you can earn free Bitcoins (or other crypto assets, for that matter) as a reward for your participation and progress. Some platforms even offer certificates or badges upon completion, showcasing your newly acquired knowledge.

Just keep in mind that the approaches for earning free crypto can vary through different programs. Some programs provide minor rewards for each completed module, while others offer larger payouts for completing comprehensive courses or achieving specific milestones. However, many of them surely provide a way of how to get Bitcoins for free.

Additionally, if you're not only interested in how to earn crypto for free but would also like to get some other amazing rewards, you should check out BitDegree's Missions. Apart from the fact that they give you a chance to win free crypto prizes, you also get an extremely fun gamified learning experience and invaluable knowledge.

Play-to-Earn Games

Speaking of gamified experiences, the world of Play-to-Earn (P2E) games offers a thrilling opportunity for those searching how to get Bitcoins for free. P2E games are blockchain-based games that tend to reward players with cryptocurrencies for their in-game achievements and activities.

In essence, these games leverage blockchain technology to create unique virtual worlds where players can collect, trade, and interact with digital assets. By participating in them and completing various tasks, challenges, or missions, you can earn valuable in-game items or tokens.

Now, these earnings can come in various forms, so it doesn't mean that you'll earn Bitcoin directly. However, in-game tokens can usually be traded for Bitcoin, other cryptocurrencies, or even fiat on various crypto exchanges (such as Binance, Kraken, or KuCoin).

To maximize your earnings, consider joining gaming communities and participating in tournaments or events. Some games offer competitive gameplay where players can win additional rewards or prizes in the form of cryptocurrencies. Engaging with the community can also provide valuable insights, tips, and strategies to enhance your gameplay and earnings.

Also, make sure to stick to reputable games, read reviews, and be mindful of sharing personal information or engaging in suspicious transactions.

Nevertheless, P2E games offer a unique fusion of gaming and the potential to earn free Bitcoins and other tokens. By immersing yourself in these virtual worlds, you can have fun, develop your skills, and accumulate free crypto rewards.

Bounties

If you're looking for a more hands-on way to earn free Bitcoins, participating in bounties can be an excellent option. Bounties are tasks offered by projects that reward individuals with tokens for completing specific assignments or contributing to their development.

They can cover a wide range of activities, depending on the needs of the project. Some common bounty tasks include bug hunting, software testing, writing code, creating content, designing graphics, or promoting projects through social media.

These tasks allow individuals to utilize their skills and contribute to the growth and success of various blockchain-based initiatives.

When choosing which bounties to participate in, it's important to consider your skills, expertise, and the level of commitment required. Look for bounties that align with your strengths and interests, as this will increase your chances of successfully completing the tasks and earning the associated free crypto rewards.

You can find bounty programs on platforms like Binance, Kraken, or KuCoin. 

Just remember that it's crucial to thoroughly read and understand the guidelines and instructions provided for each bounty. Pay attention to the deadlines, submission requirements, and any specific rules or criteria set by the bounty issuer. Following these instructions diligently will improve your chances of receiving the full bounty reward.

Participating in bounties is not just a way how to get Bitcoins for free, as it also provides an opportunity to gain practical experience in various aspects of blockchain technology.

Referral Programs and Affiliate Marketing

If you enjoy sharing your experiences and recommendations with others, referral programs and affiliate marketing can be a fantastic way to earn free crypto. These programs allow you to earn rewards by referring new users or customers to cryptocurrency platforms, exchanges, or other crypto-related services.

When someone signs up or makes a purchase using your referral link, you'll receive free crypto rewards. The more people you invite with your link, the more potential earnings you can accumulate.

As an affiliate marketer, you'll receive a specific commission or percentage of the revenue generated from your referrals' actions, such as trading on an exchange or using a specific service.

Many cryptocurrency exchanges (like Binance or Kraken), wallet providers (like Ledger), or trading platforms have dedicated referral programs or affiliate marketing initiatives.

Just note that when participating in referral programs and affiliate marketing, it's important to adhere to any guidelines or terms set by the platforms. Avoid spamming or engaging in unethical practices, as this can harm your reputation and potentially lead to account suspension.

Referral programs and affiliate marketing offer a win-win situation. You have a free way how to get Bitcoins (or other crypto assets) by introducing others to valuable platforms or services, while your referrals gain access to trusted and reliable cryptocurrency resources. So, it's a great way to share your knowledge, help others, and earn rewards simultaneously.

What is Bitcoin?

Now, if you're new to the world of cryptocurrencies, you might be wondering, “Why are people so interested in learning how to get Bitcoins for free?”. Well, truly understanding what is Bitcoin and how does it work can help you find an answer to this question.

And I'm not just talking about knowing the basics – that Bitcoin is the first successful cryptocurrency and that it's still the biggest crypto asset based on market cap (at least as of May 2024).

Let's go a little deeper. In simple terms, Bitcoin is a digital currency that operates on a decentralized network known as the blockchain. Think of it as something like digital gold: a scarce asset that can be stored, transferred, and traded securely and transparently.

Bitcoin was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto’s goal was to develop a currency that would not be controlled by any central authority, such as a government or a bank. This blockchain network acts as a public ledger that records every Bitcoin transaction ever made.

Bitcoin is created through the process of mining, which I already discussed as one of the methods of earning free Bitcoins. To remind you, though, mining involves using powerful computers to solve complex mathematical problems that validate and secure transactions on the Bitcoin network.

Miners receive free crypto rewards for their computational efforts^[1], creating new coins and maintaining the integrity of the system. Free crypto mining apps are a great resource to use for doing that.

However, it's important to note that the value of Bitcoin can also be highly volatile, which means its price can fluctuate dramatically in a short period.

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What Affects the Value of Bitcoin?

So, what are the factors that influence Bitcoin's value? After all, once you've figured out how to get Bitcoins for free, you should weigh whether it's worth it to spend your time putting these methods into practice.

Do keep in mind, though, that the value of Bitcoin can be a bit tricky to comprehend, as it doesn't have the same tangible qualities as traditional assets like gold or real estate. However, there are several key elements that influence it.

Supply and Demand

Like any other asset, the price of Bitcoin is influenced by the basic principles of supply and demand.

With a limited supply of 21 million coins, the increasing demand for Bitcoin can drive its value upward. When more people want to buy Bitcoin than sell it, the price tends to rise. Conversely, if more people are selling than buying, the price may fall.

Market Sentiment

The overall market sentiment surrounding Bitcoin can significantly impact its value.

Positive news, such as the adoption of Bitcoin by major companies or governments, can create a bullish sentiment and drive up its price. On the other hand, negative news or regulatory concerns can create a bearish sentiment and cause the price to decline. You can find the current market sentiment toward Bitcoin on the Fear & Greed Index:

Investor Confidence

The confidence and trust that investors have in Bitcoin play a crucial role in its valuation as well. Since Bitcoin has gained acceptance and recognition over the years, more investors have entered the market, increasing its legitimacy and value.

Technological Advancements

Bitcoin is built on a technology called blockchain, which has the potential to revolutionize various industries. Technological advancements and innovations in the blockchain space can have a positive impact on Bitcoin's value.

Macro Economic Factors

Bitcoin's value can also be influenced by broader economic factors. For instance, during times of economic uncertainty or political instability, some individuals may view Bitcoin as a safe-haven asset, similar to gold^[2].

Nevertheless, Bitcoin volatility presents both opportunities and risks for investors, and it's crucial to approach it with caution and a long-term perspective. Though, understanding the factors that contribute to Bitcoin's value can surely help you make more informed decisions when acquiring or trading this digital asset.

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Possible Scams and Security Risks

Lastly, as you venture into these ways how to get Bitcoins for free, one thing you should definitely note is that it's crucial to remain vigilant and aware of potential scams and security risks. While there are legitimate ways to earn free Bitcoins, there are also individuals and entities looking to take advantage of unsuspecting users.

However, by understanding common scams and implementing proper security measures, you can protect yourself and your digital assets. So, let's get into those.

Phishing Attacks

Phishing attacks are one of the most prevalent forms of online scams. Scammers impersonate legitimate platforms or services, often through fake websites or emails, with the aim of tricking users into revealing their sensitive information, such as passwords or private keys.

Always double-check the URLs of websites you visit, and be cautious of unsolicited emails or messages asking for personal information.

Ponzi Schemes

Ponzi schemes promise high returns on investments or offer unrealistic rewards for minimal effort. They often rely on new participants' funds to pay existing members, creating a cycle that eventually collapses, leaving many investors with significant losses.

So, be skeptical of schemes that guarantee unrealistically high returns and prioritize doing thorough research before investing your time or money.

Fake Giveaways and Contests

Fake giveaways and contests are designed to deceive users into sending their tokens or personal information to scammers. They often impersonate well-known individuals, projects, or exchanges, offering enticing prizes in exchange for a small fee or personal details.

Remember that legitimate giveaways and contests will never ask for upfront payments, and it's essential to verify the authenticity of any such promotions.

Unsecured Wallets and Exchanges

Using secure wallets and exchanges is vital to protect your Bitcoin or other crypto assets. Unsecured wallets or exchanges can be vulnerable to hacking attempts, resulting in the loss of your funds.

Opt for reputable and well-established wallet providers (like Ledger Nano X) and exchanges (like Binance, Kraken, or KuCoin) that implement robust security measures, such as two-factor authentication (2FA) and cold storage solutions.

Malware and Phishing Software

Malicious software, including keyloggers and phishing software, can compromise your digital security, too. Be cautious when downloading applications or clicking on suspicious links, as they may lead to the installation of malware on your devices.

Regularly update your antivirus software, avoid downloading from untrusted sources, and be mindful of the permissions you grant to applications.

Overall, remember – if something sounds too good to be true, it probably is. Use common sense, be skeptical of unrealistic promises, and trust your instincts. By being aware of scams and taking necessary precautions, you can safely navigate the world of acquiring free Bitcoins and protect your hard-earned digital assets.

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Conclusions

As you can see, there's a variety of ways how to earn crypto for free, including learn-to-earn programs, bounties, faucets, and many more. However, while the allure of acquiring free Bitcoins may be enticing, it's important to approach these opportunities with caution. So, instead of focusing only on how to get Bitcoins for free, focus on your data safety too.

By sticking to platforms that implement proper security measures - like Binance, Kraken, and Coinbase - you can protect yourself and your digital assets from fraudulent schemes.

Also, remember, earning free Bitcoins often requires time, effort, and sometimes even a bit of luck. It's not a guaranteed path to instant wealth, but rather an opportunity to gradually accumulate digital wealth without spending a dime. Patience, perseverance, and a proactive mindset will be your allies in this pursuit. Overall, never stop exploring and experimenting with new methods on how to get Bitcoins for free.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. H. Jahanshahloo, F. Irresberger, and A. Urquhart: 'Bitcoin Under the Microscope';

2. C. Dwita Mariana: 'Are Bitcoin and Ethereum Safe-havens for U.S. Stocks During the COVID-19 Pandemic?'.