It seems like Bitcoin is everywhere nowadays. In the media, on our television sets, it almost feels like it’s what everyone is talking about. The downside to this, however, is that some of us (yes, I include myself) feel left out in all the discussions going around. Am I too late to get into the scene? Should I still HODL in this? What is HODLing in the first place?
The questions are overwhelming, but for now those are topics that I plan to cover another day. Today I am going to talk about a lighter topic; is there a fun, stress-free way to get into the game without having to invest too much in Bitcoin? You’ll be glad to hear that the answer to that is yes. Below are some of the few ways to earn free Bitcoin daily.
A disclaimer before I start, as you might very well know, is that there is no such thing as free. As much as there are ways to use these methods to supplement your income, most of the ways discussed below are just a simple and fun way to get into the game without the hustle that seems to accompany the crypto world.
In contradiction to what I stated above, writing is one of the few ways in which you can use Bitcoin as your main source of income or even to supplement your day job. This can be approached in a couple of different ways, but generally involves writing about Bitcoin. It could be Bitcoin news, simple how-to articles or even the occasional blog post.
Coinality is a good place to start. Some of the jobs posted by clients include blogs that are looking for content, news and general articles.
If you opt for this option, the requirements are that you should be proficient enough in the language (usually English) and also be knowledgeable enough to come up with original content. Like most other websites of this nature, the quality of your work is your largest selling point. The higher the quality, the more you can expect to earn from the website.
Due to this (and your rank) payment varies and
could be upwards of $35 for every 1000 words written. If you are fast and diligent enough to churn out about 3 or 4 articles a day, you will see how profitable it can be, all the while working from the comfort of your own home.
However, not everyone has the patience to seat down and write 1000+ word articles. If this isn’t your cup of tea then you can head on over to BitcoinTalk, where you can get involved in their signature campaigns.
For those who are not familiar with the term, a signature campaign is a system where you wear a signature (in this case, BitcoinTalk’s signature) and advertise a Bitcoin product by posting it on the forum or page.
There are a few caveats to this method however; one is that new members or “newbies” are not always able to join the campaign or “sigcamp” as they call it. Most times, for you to qualify, you have to be a full member. However, not all campaigns have the same requirements and some do accept junior members.
Your membership level not only limits the campaigns you can take part in, but also affect how much you earn from them. As an example, a full member on average can make about 0.0005BTC per post. Depending on the limiting number of posts for the specific campaign that you chose, that could amount to quite a bit of income weekly.
The other advantage to this method is that the lower word limit on posts is 60 words. So, unlike long articles and blogs, this means that you get to save time and can also churn out more work within a short period of time.
Here you can find an index of currently ongoing campaigns on BitcoinTalk.
The truth of the matter is that you don’t really need to be a writer in order to benefit from free Bitcoin. Due to the scope of Bitcoin and all the underlying technologies that support it and make it grow, you can be guaranteed that there is a way to utilize your individual skill set to earn an income from Bitcoin.
Due to the diversity involved, this is a pretty broad category and includes jobs such as website and graphic designing, online marketing, translating and transcription. The list is virtually limitless and is only dependent on what you have more interest to and your proficiencies.
If this is more of your niche, there are numerous forums online where you can start off.
If none of these methods appeal to you then you can always go the Bitcoin trading route. The catch here is that, unlike the other methods listed above, this one requires you to have at least some background knowledge in investment and financial practices. In the modern day and age though, this is not as large a hurdle as it used to be and I would recommend anyone who chooses this method to do the research beforehand.
This category can be divided into quite a few options:
Unlike holding whereby you view Bitcoin as a long term investment asset, day trading, as the name implies, is whereby you buy and sell Bitcoin over a short term duration of time, usually a day.
The one hurdle that you have to overcome with this method is the fact that you need to own, or otherwise, buy Bitcoin in order to trade in it.
If you don’t want to buy, or you don’t own any Bitcoin, you can always opt for Bitcoin features.
Or more specifically, Bitcoin contracts for difference. This is a method where, instead of trading directly with Bitcoin, you instead trade in its futures (which is essentially a contract to buy or sell Bitcoin at a specific future time and at an agreed price).
Futures in essence derive their value from the underlying commodity, in this case Bitcoin, meaning that you don’t have to deal directly with the asset itself.
This method is the easiest, and basically involves no prior skills or training. In short, anyone can do it and is thus the most popular one among those listed here. The downside to it though is that, because of this, it is also the method with the least payout considering how popular it is.
Some of the more popular examples include:
A Bitcoin faucet usually comes in the form of an app or a website that gives out Bitcoin payment (in the form of satoshis for completing a task. The task could be playing a game or even as simple as completing a captcha.
The payout, as I mentioned above, is usually minuscule and averages at about $0.054 per hour. So even if you managed to play for 24 hours, you would be making about $1.296 over that period.
A better way to utilize faucets is to start your own. Although it requires a bit of computer knowledge, it is not nearly as complicated as you might think.
If you have interest in faucets; you can read some more about it here.
Pay to click
Another way you can go about it is using sites like adBTC, where you get paid a small amount of Bitcoin for completing tasks such as visiting other websites and viewing ads. Basically as the name implies, you get paid for clicking on things.
The payout, as I mentioned before, is usually small. In adBTC for example, the payout for viewing 40 to 50 ads each of 15 sec earns about 4000 to 5000 satoshis. This is not a lot of Bitcoin but combining this with the other methods above can earn you something a bit substantial.
Here is a handy list of similar sites to choose from.
Another fun way to make small amounts of Bitcoin is to play simple online games that pay in Bitcoin. Sites like ChopCoin and Coinbrawl are good examples of simple web based games that pay out in the form of Satoshis. For this method, all you need is a computer with internet access and a web browser.
Under the same category, there are also mobile application games like Bitcoin Bandit which also offer rewards in the form of Bitcoin. Most of these games are free and can easily be downloaded on the Google Play Store or the iOS App Store.
In addition to the methods posted above, there are numerous other ways that one can use to make micro-earnings on Bitcoin. The list of micro-jobs is ever expanding and growing alongside Bitcoin.
If you are interested in other micro- jobs and not necessarily those posted above, you can always make your way to Coinworker. It gives a list of micro-jobs which pay in Bitcoin.
What I like most about Coinworker is the diversity of the jobs they offer. This, along with fact that registration and membership is completely free, makes it one of the better websites to consider.
The truth of the matter is that none of these methods are free in the sense that there is entirely no input from your side. All of them require a bit of effort in order to get something in return. And, having in mind that the Bitcoin scene is ever changing, there are always new ways to earn from it.
What I would advise you is that you always keep yourself updated and on the lookout. The next big thing might be just around the corner!Click To Tweet