Undoubtedly, Bitcoin is the king of cryptocurrencies. Every crypto enthusiast would want to invest in Bitcoins. Despite the demand and the rapidly fluctuating nature of the crypto market, every crypto enthusiast wants to earn more and more bitcoins. And of course, the price of 1 BTC isn’t cheap at all.
If you want to get hold of some Bitcoins for your portfolio but you don’t have any amount to invest, don’t worry. Here are some quick ways by which you can earn bitcoins or other cryptocurrencies without investing a penny. So, get ready to gather some extra wealth in 2020.
Buy or Earn?
If you have some funds to invest, it is always a better decision to buy some Bitcoins. This is usually a more profitable way of gathering Bitcoins. However, in case you don’t have any immediate funding, you can still earn Bitcoins. There are a number of ways to do so although they are not very as profitable as return from investments. With a bit of consistency and patience, you can definitely grow your crypto assets. Thus, find a balance between both: buy and earn!
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One of the simplest and effortless ways of earning BTC is by using Bitcoin Faucets. For those who don’t know what that means, bitcoin faucets are a reward system made like an app or a website. You have to complete tasks on the website to earn the reward in the form of Satoshi. Satoshi is a hundredth of a millionth BTC.
The next question, what are the tasks you need to perform? Here’s your answer: Solving captchas, playing games, watching videos or clicking ads are the simple tasks usually involved. For every task you fulfill, you earn some portion of Bitcoins.
Some famous bitcoin faucets are Bittube, AdBTC, Multi Faucet, and Cointiply. This is an effortless and less stressful means of earning Bitcoins with zero investment. But of course, the rewards are quite small amounts and this is not a very efficient method if you have a full-time job. You will be required to invest time, if not money in this process.
More than 50% of the users access the internet via there smartphones. With this, the probability of earning cryptocurrencies using a mobile app is very high. Owing to the increasing popularity of cryptocurrencies and especially bitcoin, there are a number of mobile apps that are connected with the earnings of cryptocurrency.
Mining is one of the ways of earning on smartphones. The number of cryptocurrencies you earn via mining depends on the power of the processor device. But this method again is not much profitable mainly because the computing power of mobiles is considerably less and plus you need to keep the screen of the smartphone on at all times.
If you have a spare smartphone, then you can go for it. You can use MinerGate, which is one of the most popular mining apps available. It allows you to earn Monero and Bytecoin and then exchange them for other cryptocurrencies.
A better way would be to earn bitcoin on Bitcoin cranes. This is a service that gives cryptocurrencies as rewards to registered users at specific time intervals. There are many applications that allow you to collect Satoshi. Some of these are Bitmaker, Free Bitcoins and Claim Free Bitcoins.
Though these apps provide effortless earnings, they are again very low. Know more about the ways of earning bitcoins and mining from this blog top10cryptobots.com
After the BTC reached its peak value in the year 2017, users started looking for ways to earn more and more BTC. One such easy and refreshing way is playing games. This operates on a concept of play and earn. This means you earn along sides killing time. Some of the most popular cryptocurrency games by which you can earn bitcoins are Spells of Genesis, BitQuest and BitRunner.
Of course, this is also a way to earn Bitcoins. The BTC casinos work exactly the same way as regular online casinos do. You are offered several slots, roulettes, poker, and other games. You would be required to add funds to your account (in Bitcoins) and then play.
To be honest, gambling is not a good option, but it is the most profitable one to earn BTC quickly. But the only drawback is that this can also lead you to a money loss. Keep in mind that if any website requires you to deposit anything beforehand, there is a high chance that you are going to be the victim of a scam.
If you like to test your luck but not in gambling you can also opt for bitcoin lottery. Register yourself on free bitcoin website, then you can play the game after every hour. It lets you win Bitcoin worth up to $200. Here’s how the game functions: Roll dice and based on the number you can earn a small or even large amount of BTC.
Though mostly you will earn a fairly small amount, on the other hand, there is nothing to lose.
Is Mining Bitcoin really an option?
Certainly No. Mining Bitcoin is barely profitable for a regular user. A usual mining rig won’t bring much profit. Even if you buy an ASIC and then join a mining rig, there is no certainty that it will be profitable enough to cover your expenses.
Still, if you have funds and wish to invest in mining equipment, you can surely try your hands. There are a number of things you must take into account such as the hash rate and the complexity of mining. The most important factors are the cost of Bitcoin and the changes in the complexity of mining. These are the main reasons why no one can guarantee your success.
The price of bitcoin has grown by 1460% just in the past 3 years. This makes it impossible to predict anything.
Earn through your knowledge
There are many websites such as Coinbase which allow you to earn Bitcoin along with learning about cryptocurrency and blockchain. If you have some knowledge of a particular topic, you can perform some tasks based on it and earn BTC in return.
Through an affiliate program
Simply refer to your friends and earn BTC. Some websites also gift you free Satoshi for signing up on their website.
These were a few ways of earning Bitcoin without any investment. While some are absolutely simple, some are also risky such as gambling and trading. Gambling depends on your luck but for trading, you need to have knowledge about the market.
Whichever platform you choose, remember to check the platform for reliability. Ensure that the website makes secure payments. You can go through the reviews and feedback to get an idea.