How To Get Free Bitcoin: Four Ways To Earn Free BTC

Although earning free Bitcoin is difficult and there are limited options, users can still be eligible for free BTC rewards through referral programs, learn and earn platforms, cashback or by joining a mining pool.

Is it possible to earn free Bitcoin? While there are plenty of legitimate ways to earn free crypto, most of these methods usually provide rewards in stablecoins or the project’s native token. Bitcoin being one of the largest and highest-valued cryptocurrencies, it’s not generally a part of most reward programs or airdrops.

However, there are still a handful of ways you can receive free Bitcoin rewards in 2024 and beyond. Here are the safe ways to earn free Bitcoin:

Referral programs

Many cryptocurrency exchanges and platforms offer referral or affiliate bonuses. You’d have to sign up to these exchanges, make a minimum cryptocurrency trade or deposit, and then refer the platform to your friends/family. Once they also join the platform, you will receive some free crypto rewards. Some platforms even offer free Bitcoin rewards.

Centralized exchange CEX.io has a popular Bitcoin Affiliate Program. This is generally suitable for content creators or influencers who have followers on social media or blog sites. You can refer the exchange to your audience and receive free Bitcoin rewards.

Other major exchanges like Coinbase and Binance also offer Bitcoin rewards from time to time. For instance, Coinbase recently offered $50 worth of BTC for first-time traders in November. New Coinbase accounts were eligible for this free Bitcoin reward after their first trade.

Make sure to follow these exchanges on social media to keep up-to-date with any latest offers.

Learn and earn programs

Several platforms offer ‘learn and earn’ programs, allowing users to acquire Bitcoin or other cryptocurrencies by completing educational modules. Here are some notable options:

1. Coinbase Earn

Coinbase provides educational courses on various cryptocurrencies. Users can earn Bitcoin and other tokens by watching videos and completing quizzes. The platform regularly updates its offerings to include new cryptocurrencies.

2. Binance Academy

Binance’s educational platform offers courses on blockchain and cryptocurrency topics. Users can earn free crypto, including Bitcoin, by completing quizzes after each course. These rewards are usually given in BNB coin or BUSD. However, they can be instantly convertible to Bitcoin on the exchange.

3. BitDegree

BitDegree provides courses on blockchain and Web3 technologies. Users can earn cryptocurrency rewards, which can be converted to Bitcoin, upon course completion.

4. CoinMarketCap Earn

CoinMarketCap partners with various cryptocurrency projects to offer educational content. Users can earn tokens by learning about different cryptocurrencies, which can then be traded for Bitcoin.

5. Revolut Learn and Earn

Revolut offers educational modules on cryptocurrencies. Users can earn rewards in various cryptocurrencies, which can be exchanged for Bitcoin within the app.

These platforms provide opportunities to expand your cryptocurrency knowledge while earning Bitcoin or other crypto assets.

Cashback and reward programs

There are several crypto platforms and payment providers that provide Bitcoin cashback. Some debit and credit cards offer Bitcoin as cashback for purchases. For instance, Bitpanda allows its VIP users to earn BTC cashback in every transaction using their Visa Card. Nexo also offers up to 0.5% BTC cashback for eligible crypto purchases.

Join a Bitcoin mining pool

1. Understand mining pools

• A mining pool combines the computational power of multiple participants to increase the chances of successfully mining Bitcoin blocks.
• Rewards are distributed among members based on their contribution to the pool’s total hashing power.

2. Choose a reliable mining pool

• Look for pools with a strong reputation, low fees, and consistent payouts. Popular options include Slush Pool, Binance Pool and Antpool.
• Consider the pool’s payout method. Common payout structures include:
  • Pay-Per-Share (PPS): Fixed reward for each share of computational power.
  • Proportional: Rewards are distributed based on contributed shares after a block is mined.

3. Set up mining hardware

• Invest in mining hardware, such as ASIC miners (e.g., Bitmain Antminer or MicroBT Whatsminer).
• Ensure your hardware has sufficient computational power (hashrate) to contribute meaningfully to the pool.

4. Download mining software

• Use software compatible with your hardware and the pool you’ve selected. Examples include CGMiner, BFGMiner, or pool-specific applications.
• Configure the software with your pool’s server details and credentials.

5. Create a wallet

• Set up a secure Bitcoin wallet to receive rewards. Hardware wallets like Ledger and Trezor offer added security.

6. Join the pool

• Register on the pool’s platform and link your mining software to their network using provided configuration details.
• Start mining and monitor your performance through the pool’s dashboard.

7. Earn Bitcoin

• As the pool mines blocks, you’ll receive a share of the rewards based on your contribution. Earnings are credited to your pool account and can be transferred to your wallet.

Final thoughts

Caution is essential for anyone seeking to earn free Bitcoins, as scams are prevalent in the cryptocurrency space. Avoid platforms promising unrealistic returns or instant wealth, as these are often Ponzi schemes or phishing traps. Verify the credibility of websites and services through reviews, community feedback, and trusted sources.

Never share your private keys, wallet recovery phrases, or personal information, even if the request appears legitimate. Be wary of unsolicited offers or messages on social media claiming free Bitcoin giveaways; these are frequently impersonation scams. Use well-known and reputable platforms for earning, such as established exchanges, mining pools, or learn-and-earn programs.

Finally, enable two-factor authentication for added security and stay informed about emerging threats in the cryptocurrency landscape.

1. 01.

   Can I get Bitcoin for free?

   

   Earning free Bitcoin can be achieved through various methods:

   • Bitcoin faucets: Websites that dispense small amounts of Bitcoin for completing simple tasks.
   • Play-to-earn games: Engaging in blockchain-based games that reward players with Bitcoin.
   • Referral programs: Inviting others to join crypto platforms, earning Bitcoin rewards upon their participation.
   • Learn-and-earn programs: Completing educational modules on platforms like Coinbase to receive Bitcoin rewards.
2. 02.

   Can I get free crypto?

   

   Yes, you can get crypto without direct investment through methods like participating in airdrops, engaging in ‘learn and earn’ programs, through crypto faucets, or earning rewards via cashback programs. These opportunities often require completing specific tasks or activities to receive free crypto.