Want to get free crypto? You can earn over $100 a month in free crypto free cash!
Cryptocurrencies have performed well so far in 2024. Bitcoin is leading the crypto bullish trend, hitting an all-time high (ATH) of over $72,000 in March. The largest cryptocurrency by market capitalization is already up 60% this year as investors flock to newly launched ETFs. Bitcoin continues to be among the top cryptocurrencies to watch in 2024 as the long-awaited halving begins in April.
Looking to take advantage of the surge in Bitcoin to new ATHs? Start by finding out how to get free Bitcoin now.
Disclosure: eToro supports the following currencies: BTC, ADA, DASH, DOGE, EOS, ETH, LTC, NEO, XLM, XTZ, TRX, ZEC. eToro USA LLC; Investments are subject to market risk, including possible loss of principal. Terms and conditions apply. *This bonus is only available to Benzinga readers in open states in the US. Provided by eToro USA LLC.
How to get free Bitcoin: 10 easy ways
While buying Bitcoin through an exchange is the most common way to obtain it, there are also several ways to earn Bitcoin for free. From completing simple tasks to participating in crypto projects, here are some ways you can earn free Bitcoin.
1. Get-Paid-To (GPT) Website
Get-Paid-To (GPT) websites like Freecash make it easy to get free Bitcoin. These platforms reward users for completing various online tasks, such as filling out surveys, watching videos, and playing games.
2. Bitcoin Faucet
Bitcoin faucets are applications or web pages that offer users small amounts of Bitcoin in exchange for solving captchas or completing simple tasks. To get free Bitcoins, visit Bitcoin faucets like Cointiply or FreeBitco.in and complete tasks to collect Bitcoins.
3. Bitcoin mining
When you participate in Bitcoin mining, you earn free Bitcoin by contributing your computing power to the security and verification of transactions on the Bitcoin network. Miners who successfully solve these equations are rewarded with newly minted Bitcoins and transaction fees.
However, it is essential to consider factors such as hardware cost, electricity costs, and mining difficulty when evaluating the potential profitability of mining.
4. Crypto Airdrop
Airdrops are the easiest and most profitable way to get free Bitcoin, but they often require you to get lucky (or already have the funds). Cryptocurrency projects may distribute free tokens, including Bitcoin, to promote their platforms or reward early adopters. The question is, how can you make sure you can participate in the next airdrop? There is no surefire way to infiltrate all airdrops. All you have to do is always pay attention to announcements regarding participation on social media and cryptocurrency forums.
5. Cryptocurrency staking
Staking cryptocurrencies to get free Bitcoin is a common method for users to passively accumulate Bitcoin rewards. Staking involves holding a certain amount of cryptocurrency on a wallet or platform to support the operation of a blockchain network. In exchange for staking coins, users receive rewards in the form of additional Bitcoins.
6. Referral program
Many cryptocurrency exchanges and platforms offer referral programs that reward users for referring new customers. Share your referral link with your friends and followers and earn free Bitcoins for every successful referral.
7. Play blockchain games
Blockchain-based gaming platforms such as Axie Infinity and Decentraland offer users the opportunity to earn rewards in cryptocurrencies, including Bitcoin, by playing games and completing in-game tasks. These games typically use blockchain technology to tokenize in-game assets, allowing players to own and trade virtual assets.
8. Participation in bounty campaigns
Cryptocurrency projects frequently launch bounty campaigns to promote their platforms and encourage community participation. Participants can earn free Bitcoin rewards by completing tasks such as creating content, writing articles, and spreading the word on social media.
9. Interest-bearing account
Some platforms, such as Coinbase, offer interest-bearing or savings accounts that allow users to earn interest on their Bitcoin holdings. By depositing Bitcoin into these accounts, you can earn passive income in the form of additional Bitcoin over time.
10. Cryptocurrency account opening bonus
Some crypto brokers offer bonuses and incentives for opening an account. Some of these platforms may offer free Bitcoin as part of their promotional offers. After successfully opening a cryptocurrency account and meeting the necessary requirements, you can claim your bonus. The bonus may be automatically credited to your account, or you may be required to enter a promotional code during the sign-up process.
Beware of free cryptocurrency scams
While the lure of earning crypto for free may be appealing, it's important to remain vigilant and be aware of common scams in the crypto industry. Here are some scams to watch out for.
1. Phishing scam
Be wary of emails, texts, and websites that appear authentic but request private keys or personal information. Always double-check the URL to make sure you are visiting an official website from a trusted brand. Alternatively, you can store your Bitcoin offline using a secure hard wallet.
2. Ponzi scheme
Stay away from schemes that require an initial investment and offer high expected returns or profits. These schemes often depend on getting new investors to pay off old investors. Eventually it will fail and investors will suffer financial losses.
3. Fake prizes
Be wary of social media posts and messages that claim to offer free cryptocurrency giveaways from famous people or companies. These are often scams designed to trick users into transferring cryptocurrencies to scammers in exchange for fake rewards.
4. Malware and fake apps
Cybercriminals often take advantage of the popularity of digital currencies to distribute malware and fake applications, so it is important to be careful when downloading software and apps related to cryptocurrencies. Fake cryptocurrency apps and websites can imitate legitimate platforms to trick users into revealing their login credentials and financial details. These phishing attacks often use social engineering tactics to create a sense of urgency or offer attractive rewards to lure unsuspecting users into providing sensitive information.
5. Pump and dump method
Avoid organizations and individuals who promote pump-and-dump schemes. A pump-and-dump scheme is one in which the price of a virtual currency is artificially inflated by manipulating it, buying it, and selling it at an inflated price to unwary investors.
When engaging in cryptocurrency-related activities, use reputable sites. Make sure the offer is genuine and do thorough research to avoid giving away your private keys or personal information. By being aware and cautious, you can avoid becoming a victim of free cryptocurrency scams.
Disclosure: ²Sum of estimated savings and median earned rewards per user across multiple Coinbase programs (excluding sweepstakes) in 2021. This amount includes fee waivers from Coinbase One (excluding subscription fees), rewards from Coinbase Card, and staking rewards. 3 Crypto Rewards is an optional offer from Coinbase. When you purchase USDC, you are automatically opted in to the benefits. If you would like to opt-out or learn more about benefits, please click here. Benefit rates are subject to change and may vary by region. Customers will be able to view the latest applicable rates directly within their account.
Build up your wallet with free Bitcoins
In the uncertain world of investing, there are few things better than free cryptocurrencies. Cryptocurrencies are generally high risk and high return, but if you can get them for free, you probably worry less about the risks. The tradeoff is your time.
There are plenty of opportunities to earn Bitcoin without making a financial investment, from participating in crypto faucets, mining cryptocurrencies, staking, airdrops, and even playing blockchain games.
However, while knowing how to earn free Bitcoin is essential, learning how to invest Bitcoin in a careful and strategic manner is perhaps even more important. Benzinga's resources on how to trade cryptocurrencies can help you understand how to invest in free Bitcoin.