How to Earn Free Bitcoins in 2020
A lot of people want to get involved with bitcoin but have neither the funds to buy some outright or the expertise to start trading on the cryptocurrency markets.
There are many ways to earn or get free bitcoins in the UK or around the globe, but here we detail some of the ways you can do this in 2020 without any initial outlay.
Is it still possible to get free bitcoin in 2020?
The answer is yes, and it’s actually extremely easy, although you won’t be getting rich any time soon.
So here are five easy ways to grab some free bits:
Method 1 – Surveys
This is probably the most profitable in terms of time versus reward. There are many sites out there where you can sign up to complete surveys and be paid in bitcoin.
The pay-outs can be relatively generous, with rewards of up to $2.50 (about £2 at the time of writing) in bitcoin possible for a 15-20 minute survey.
A lot of the surveys pay less than this, but if you keep at it and use your down time you can certainly earn a reasonable amount each week.
Cointiply is a site we’ve previously reviewed on Freecoyn which we’d recommend.
It offers a variety of ways of earning bitcoin, including surveys, PTC, watching adverts for rewards and a free faucet (which we’ll cover a bit later).
You can withdraw you coins when you’ve earned $5 worth, which is a realistic threshold.
Method 2 – Faucets
A bitcoin is a website that pays tiny amount of bitcoin each time you click a claim button, usually at timed intervals.
The quantity is usually in the region of a penny or two and is paid in Satoshis – the terms used to describe tiny fractions of a bitcoin.
Faucets are completely free to use and offer the reward because the only wants to generate revenue from advertising on the site, either through clicks or page views.
If you’d like to give faucets a try, check out our step-by-step guide on how to use faucets.
Method 3 – Games
Like faucets, there are games developed to reward you with a few Satoshis each time you complete a stage or level.
The reason is the same as faucets, the developers sell advertising around the game and the longer you play for and the more often you visit the more they make in advertising revenue.
Method 4 – Referrals
The survey and faucet sites we’ve mentioned above, and many others, offer referral programmes where you stand to make a percentage from each action performed by someone you’ve directed to the site.
If you manage to get a large number of referrals you’re earnings will shoot up, and it’s certainly fun earning money for nothing!
Other crypto sites offer similar schemes as well. Coinbase, the world’s most popular free bitcoin wallet and trading site, offers $10 each time a member gets someone to sign up and invest $100 or more in cryptocurrency.
Method 5 – Gambling
Freebitco.in and Cointiply, which we’ve mentioned above, together with a host of other sites, offer users the chance to gamble their bitcoin into large amounts (or lose the lot!).
The games vary from site to site – some offer simple hi-lo number gambling, while others offer fully-fledged casinos, with traditional games such as roulette and slots.
You can use these sites for free by simply spending the coins you’ve earn through surveys, faucets etc.
Let us know if there are any other super easy ways of earning bitcoin and we’ll add to this list!