The first cryptocurrency Bitcoin represents an excellent means of earning, using and safekeeping money. Greater part of Internet users search for the ways of getting BTC. The worldwide web offers a lot of variants for receiving cryptocurrency, there are both paid and free. It’s also important that Bitcoin can be received absolutely free, just using time and technical resources of a gadget, and the amount of such ways is greater than number of paid means.
We provide you with detail review of the all actual means how to get Bitcoin. Our review will help you to decide on the appropriate way of getting cryptocurrency.
Buy Bitcoins Online
The first thing you need for buying Bitcoin online is Bitcoin-wallet, that is software, which allows users safely send, receive and keep money in Bitcoin network. In order to buy or earn BTC, first of all, you have to download such a wallet. There are three available types of Bitcoin-wallets: mobile, web, desktop and hardware.
After download of a wallet you should create an account on a cryptocurrency exchange, which will be approved by your wallet provider. Cryptocurrency exchanges are markets, where sellers trade with customers and exchange cryptocurrencies for fiat money or other digital currencies.
Major part of exchanges receives bank transfers or credit card payments, and some of them even Paypal payments. Also they take a fee for every deal you make in the resource. Of course, you have large choice among crypto-exchanges, but the most popular are Bitfinex, Coinbase, Bitstamp and Coinmama.
Buy Bitcoins in Person
You can also purchase cryptocurrency personally. There are four variants to buy bitcoins in person you can select from:
- Use web resources like Coin ATM Radar, they will assist you to find Bitcoin ATM. BTC ATM operates very similarly to a standard one, the only difference is that you trade fiat money for Bitcoin;
- Use websites like LibertyX in order to find retail stores in the USA, where you can exchange your cash for cryptocurrency;
- Use such sites as Paxful to find bank offices, which provide Bitcoins in exchange for cash deposits;
- Use websites like LocalBitcoins, they give information about people, who want to exchange BTC for fiat money in person.
How to Get Free Bitcoins
As it has been said in the top of the article, users can get Bitcoin for free (Read more). Of course, you need much more time to receive cryptocurrency without investments, on the other hand, you won`t demand any financial resource for this. Below you can learn the means of getting BTC for free and choose your best variant.
Earn Bitcoin in Mining for Free
The incredibly low-cost and productive period for Bitcoin mining lasted no longer than a couple of years, when one BTC was so cheap that in financial sense it was more logically to mine cryptocurrency in extremely low price instead of buying it. For the context, the initial exchange rate given to Bitcoin was in October 2009, in ten months after the first block was created. The rate established by Bitcoin exchange New Liberty Standard (it doesn’t exist now) gave the cost of Bitcoin at $1 = 1309,03 BTC. It was calculated with the usage of an equation, that included electricity cost for computer launch, which generated cryptocurrency. It was the time, when Bitcoin considered as something more than newly created Internet novelty, could be mined in large amounts with the help of standard computer.
Today Bitcoin mining is still vital variant, but proper mining with current level of difficulty requires taking different measures.
Today`s mining demands special equipment that makes extremely fast calculations necessary for BTC mining. The hashrate, or total power of all miners, is so significant that hardware of average computer (frankly speaking, of all computers) isn’t able to implement mining calculation quickly enough for giving any significant result. Necessary specialized hardware is called ASIC or Application Specific Integrated Circuit.
Work for Bitcoin
Working for Bitcoin is one of the easiest and legal means to earn it. You can be a teacher, actor, writer, designer, interpreter, engineer, manager, freelancer, editor etc, in any variant you have an opportunity to begin working for Bitcoin right now.
There are many websites and platforms, which propose users BTC in exchange for their service. Look through some of these resources:
Earning Bitcoin From Trading
Another legal and profitable variant of earning Bitcoin is trading. The sense of this idea is quite simple, but for reaching success you need much understanding and analysis.
The basic concept of this method lays in diversifying and investing in different cryptocurrencies, when their price is low, and selling them, when there is great price spike. While doing this you earn satoshi, marketing them with an aim of receiving income and, as a result, getting more BTC.
As a beginning of Bitcoin trading, you should start following and attentively monitoring your favourite cryptocurrencies, begin to purchase them at various exchanges. Below you can find some Bitcoin and altcoin exchanges, where you can easily trade. These platforms offer almost all the types of altcoins:
At the top of the list there are more simple resources for newbies, they are not difficult in usage. At the bottom of the list is presented more advanced platform that fits experienced users.
Earn BTC by Lending
There is a proverb: “You should put your money to work”. That’s why, if you already own Bitcoin, you can put your funds to work and earn extra money on it by lending it out. There are a lot of peer-to-peer Bitcoin lending platforms which allow you to make it getting worthy income in the amount of 12%-18% of your investments in BTC form.
Important! This lending sphere is highly unregulated, so you must carefully select a borrower, whom you are going to give your cryptocurrency, and strictly follow platform`s policy in order to provide return your money and profit.
Earn Free Bitcoin From Faucets
One additional easy way to earn fast Bitcoins for free is the usage of Bitcoin faucets.
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.
In these faucets you have to implement common tasks, such as solving captchas, clicking on advertisements, watching videos and playing games. Every completed task brings you some satoshi.
Freebitco.in is one of Bitcoin faucets, where you can earn satoshi by solving captcha, play lottery, betting & multiply BTC.
However, this means of earning doesn’t fit those people, who are very busy during the whole day, because for significant profit you have to spend much time making different tasks.
Earn BTC by Helping People
Earn BTC by helping people is quite innovative variant of getting BTC, if you understand well offline/online researches.
Bitfortip is desktop and mobile platform that rewards you for assistance and advice concerning Bitcoins. Its slogan is – “Tip Bitcoins as an incentive. Earn Bitcoins for being helpful”.
On this platform every person asks any question, and an answer provider gets Bitcoin tips in exchange for his assistance. For example, a user can ask where he can find traditional clothing of the ancient Egyptians and offer a Bitcoin tip to whoever gives the proper answer.
One excellent advantage of this platform is that it’s available in eleven international languages. This factor provides low entry barrier for residents of major countries of the world.
Play Mobile or Online Games to Earn Free Bitcoins
One of the most fun and interesting means of free BTC earning is playing online or mobile games. It is true, you can enjoy games on your phone or computer and receive Bitcoins for this. But if these Bitcoin faucets are going to have profit and pay their players, they must show a lot of ads to users.
In order to avoid advertisements, you may join a Bitcoin casino, where you bet your money or BTC on standard casino games, lotteries or sport matches to have a chance of winning higher payment in Bitcoins.
Write About Cryptocurrency to Earn Bitcoins
Some cryptocurrency blogs, news forums and outlets will pay you in Bitcoins for your knowledge in cryptocurrency sphere, which you express on their platform.
You can find article writing gigs for cryptoblogs and news platforms on such forums as Coinality.
Popular crypto forums, such as Bitcointalk, propose monetization opportunities for their permanent members – organizations can advertise their services or goods in the signature of their publications.
As long as advertisers usually prefer to have partnership relations with top members, and since the forum increases its members’ rank focuses on their activity, Bitcointalk doesn`t allow them to spam their way up from the lowest rank of Newbie to the highest rank of Legendary Member. The only way you can reach your rank and earn free bitcoins is by providing a high number of high quality posts.