Binance Loans Adds ADA and AVAX as Collaterals
25 May 2022
Bitcoin has been on a bull run since its inception.
Of course, I am not ignoring its bearish days, but overall it has been bullish. This is evident from this Google Trends chart:
And let’s not forget that Bitcoin recently surpassed $46,800!
I am not the least bit surprised by this crazy run because the concept of truly decentralized, borderless, and uncensored digital money is revolutionary and worthy of this attention. Now more than ever, people around the world have appreciated Bitcoin’s power.
Also for the citizens of some countries like Argentina, Venezuela, Zimbabwe, and Greece, the idea of having a currency that increases their purchasing power is unique and exciting.
Having learned this fact more and more, people are joining the realm of Bitcoin every day.
Some ways of getting Bitcoin are better than other ways, while some are even worse than scams. That’s why today, we’re going to discuss some of the legit and low-entry barrier ways to earn Bitcoin.
Cointiply is a Bitcoin rewards website to earn free bitcoin. Cointiply gives you tasks that anyone could do, and for every completed task, you accumulate free bitcoin.
This is a completely free website, and once you are registered, you can find many quizzes, surveys, and other tasks tailored to your age and location.
Here is the income proof from Cointiply:
Ofcourse it’s a slow process, but if you are serious about earning Bitcoin for free, well this is the way to go.
Coinbase earn is an educational initiative by a popular USA-based crypto exchange called Coinbase. Here is how Coinbase earn works:
You can then exchange these cryptos for Bitcoin using a Coinbase account or continue keeping the same coin.
This is a new way to earn free Bitcoin in 2021, and you may hear more such opportunities in the coming days. At the time of writing, this trick is available only for U.S.-based users who play counter-strike Go.
Here is how to earn Bitcoin while playing games:
From here, you can join any server of your choice, and win to earn Bitcoin.
I expect more games to launch like this in the days to come. This is one area where gamers should pay attention to.
These are some of the most trusted websites to get Bitcoin. The best part is, they provide you with a Bitcoin wallet address and you can store or spend Bitcoin from these wallets directly.
I’m a big fan of CEX as they provide an excellent mobile app for Android and iOS. You can quickly get Bitcoin of any amount of your choice.
“Shop and earn” is by far one of the fastest ways you can earn free bitcoin when you spend money online. Using Bitrefill or Lolli which is a crypto reward app, you can earn Bitcoins for your usual online spend.
Lolli supports all major online retail shops and this is something you and your family can use on a usual basis and accumulate a decent amount of Bitcoins.
To get started, here is what you need to do:
I have been using Lolli for a while, and here is what I have earned in Bitcoin:
Lolli is more like one-time setup. Over time, you will be able to accumulate a decent amount of Bitcoins via this trick.
Other similar apps are:
Working for Bitcoin is one of the easiest and most legit ways to earn it.
Whether you are an engineer, designer, writer, singer, translator, editor, internet marketer, freelancer, or developer, you can start working for Bitcoin right now.
There are numerous platforms and websites that offer you bitcoins in exchange for your service.
Some of these platforms are:
Another legit and cost-effective way of earning bitcoins is through Crypto trading.
The idea is simple, but it takes a lot of awareness and analysis to be successful at this.
In this method, the basic concept is about diversifying and investing in various cryptocurrencies when they are cheap in price and then selling them when there is a significant price spike.
When you do this, you earn Satoshi by selling them for profit, and hence, earn more BTCs.
I have done this many times, and it works quite well in terms of ROI, but this not an investment pitch or advice… DIY (Do It Yourself) and DYOR (Do Your Own Research).
You can simply start by following and closely monitoring your favorite cryptos, and start buying them from various exchanges. Some of the best cryptocurrency exchanges that we suggest you buy from are listed below.
On these exchanges, you will also find almost all altcoins:
Note: This list of exchanges starts with some of the easiest to use exchanges for newbies and moves toward some of the most advanced exchanges for advanced users.
Learn: How to Start Crypto Trading (Beginners Guide)
There is a saying – “You should put your money to work.”
So if you are already HODLing Bitcoin, you can put your money to work and earn some profit on it by lending it out. There are many peer-to-peer Bitcoin lending platforms that allow you to do this while giving you a decent 3%-8% return on your investment in the form of bitcoins.
Blockfi is one such website that has been around for a while. I have already done a detailed write up on such Bitcoin loan sites.
But a word of caution: This space of lending is highly unregulated, so diligently choose the borrower to whom you want to lend your Bitcoin and strictly adhere to the platform policies to make sure you get your returns back.
Also see: How to earn interest on Bitcoin
Update: This is not as effective as of now. Do try above 5, which works the best to earn Bitcoin.
This is quite a revolutionary way of earning bitcoins if you are good at offline/online research.
Bitfortip is a mobile and desktop platform that pays you for being helpful by giving you Bitcoin tips.
Their tagline is -“Tip Bitcoins as an incentive. Earn Bitcoins for being helpful.”
On this platform, anyone can ask for anything, and the answer provider gets Bitcoin tips in exchange for their answer.
For example, if I want to know where I can buy a pink, Persian cat in India, I can give a Bitcoin tip to whoever provides me with an answer
One thing which I really like about their platform is that they are available in 11 international languages. This provides a low-entry barrier for many people around the world.
See this example of a question asked:
And check out their official video:
So with this, I will end my write-up here.
But before I go, I want to address one thing:
Why didn’t I talk about Bitcoin gambling or mining on this list?
I haven’t included these things because gambling isn’t legit and mining is now out of the reach of commoners due to huge mining farms and ASICs.
That said, if you want to get involved in mining, then you can join a cloud mining service like Genesis mining or Hashflare, or buy an ASIC from Bitmain.
Now it’s time to hear from you: Which method you are using to earn more bitcoins? How has your experience been? Did I miss any more super easy and effective ways to earn bitcoins? Do let me know your thoughts in the comments section below!
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