How to Get Free Bitcoins (BTC) in 2020 - Quick & Easy Ways to Earn Cryptocurrency
A beginner’s guide to earning free Bitcoins, altcoins and cryptocurrency online, covering faucets, surveys, lotteries, PPC, mining, games & much more.
Is it really possible to earn free bitcoins online?
If you’re looking to take your first steps into the world of cryptocurrency and lay your hands on some free Bitcoins then this guide is for you.
We'll also be answering one of the most frequently asked questions: is it really possible to get or earn free Bitcoins fast, or other cryptocurrencies such as Ethereum, Bitcoin Cash or any one of the hundreds of other cryptocurrencies or altcoins that now exist?
How much can I earn?
How much you earn will depend on the time you put in. Faucets, for example, pay small amounts of crypto in return for the ad revenue they generate from your visit.
It will take quite a while to collect enough 'dust', as it's called to make it worthwhile, but claiming yourself and building referrals can be a good starting point in the world of cryptocurrency.
The other advantage of faucets is that you don't have to shell out any of your own cash to get involved. They are completely risk-free.
This can be more profitable, but takes time and it can sometimes be hard to qualify for them. That said, the payouts can be quite generous and if you devote some time to it, you can earn a bit of extra cash.
One of the best survey sites right now is Cointiply. In addition to surveys, it also features a faucet, paid to click ads and several others ways to earn bitcoin. They pay out regularly as well.
Before you start collecting, here’s a few things you’ll need to consider…
A word about wallets
As we've already mentioned, you’ll need to set up wallets to receive your freshly minted currency before you start visiting faucets. You need different wallets for each currency you intend to collect.
There are numerous wallet options available and you can spend ages trying to figure out which is the best for you, so I’m not going to bombard you with a complete list here.
All you really need as a beginner is reputable and secure place to store your coins that’s going to be easy to use and not bombard you with too much technical information.
A good starting place is Coinbase. You can sign up for free to begin receiving Bitcoin, Ethereum and Litecoin immediately and there's also an intuitive mobile app.
- Coinbase is quick to set up and easy to use. It provides you with online wallet address for three major currencies
You can also buy additional coins using a credit/debit card instantly, subject to transaction fees, and send coins to other people.
The interface is very straightforward and features live values for your coins which will rise and fall in tune with the market. It gives you wallet addresses for each of the currencies which you can copy and paste into the various accounts you’ll use.
Make sure your antivirus software is up to date before you get started, just to be on the safe side.
Get rich quick offers
During your crypto travels you’ll be bombarded with adverts promising riches beyond your wildest dreams. Headlines such as ‘Double Your Bitcoin in Two Days’ are everywhere, but like everything in life, if it sounds too good to be true it probably is.
Remember, Bitcoin is money. If someone told you about a ‘reliable’ way of doubling your money in two days would you believe them? No, you wouldn’t. Don’t get caught up in the hype - give these sites a wide berth.
More from Freecoyn
Explainer: What are free Bitcoin faucets?
Free bitcoin faucets are websites that reward you with a few free Satoshis (fractions of Bitcoin) in return for your eyes on their advertising.
The reason they do this is because they hope that by incentivising you to visit with a small payment will lead you to click on the ads and make the site owner money.
There is little effort involved making it one of the easiest ways for those new to the world of cryptocurrencies to collect their first coins.
It's important to emphasise that using faucets is completely free. If you're ever asked to pay for anything at any point while you're collecting leave the site as it's likely to be a scam.
The only 'cost' you'll encounter is the mining fee for transferring Bitcoins to your wallet. Generally only smaller transactions of less than 50,000 Satoshi will be charged.
This fee is imposed by Bitcoin miners in return for processing transactions and is taken from your existing pot.
Quick start guide to Bitcoin faucets
1. Set up a wallet account with Coinbase, or wherever you prefer, and copy the Bitcoin address it supplies you with. Do the same for other coins.
2. Set up an account at a faucet/crypto portal such as Freebitcoin or Cointiply.
3. When you reach the cash out amount set by the site you can withdraw your coins to your wallet at Coinbase, or wherever it's located.
4. Sit back and count your coins!
Start earning instantly
You can start earning instantly and it won’t be long before you’ve amassed enough to transfer to your wallet. The sums collected from each individual faucet are often referred to as ‘dust’ because they are so negligible so you’ll have to quite a bit of clicking first.
They are broken down into Satoshi for Bitcoin, Litoshi for Litecoin and Gwei for Ethereum. In Bitcoin’s case, 1 BTC = 100,000,000 Satoshi.
Despite the tiny rewards, faucets are a great introduction to the various coins out there and with enough time and patience it is possible to collect a few £/$ worth of digital currency absolutely free.
And with the meteoric rise in the value of some cryptos over recent years it’s possible that your haul will rise significantly in value over time (relatively speaking!). But here’s the caveat to all investments - the value of your investment can go down as well as up!
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