More than 420 million people worldwide use cryptocurrencies.
The whole crypto trend started with Bitcoin, and it has been the most popular cryptocurrency in the world since it was launched. Over the years, the price has increased an incredible amount from less than 1 cent per Bitcoin to tens of thousands of dollars. This dramatic rise in value has resulted in many investors making a huge amount of money.
Fortunately for you, it might not be too late for you to be a part of this journey. If you’re new to crypto, you may not understand what Bitcoin is or how to get it. There are still some excellent ways that you can earn free Bitcoin, and all you have to do is sign up with the right sites.
In this guide, we’ll explain how to get free Bitcoin today. Keep reading for more.
What Is Bitcoin?
Before you go hunting for a free Bitcoin generator or a cheap place to buy Bitcoin, you should have an understanding of what it is. Bitcoin is a virtual currency that can be bought, sold, and traded using blockchain technology. The purpose of it is to provide a way for people to facilitate financial transactions that are secure, fast, and reliable.
One of the main things that separate Bitcoin from fiat currency is the fact that it’s fully decentralized. This means that no banks, financial institutions, or even governments can control or manipulate it in any way. It also ensures that there are only ever 2 entities taking part in any transaction with no third-party involvement.
All Bitcoins are based on the Bitcoin blockchain, with there being no physical version of the cryptocurrency. The system uses a distributed ledger, so transactions are processed by a network of computers. The details of every transaction are recorded on the blockchain, and they can’t then be altered by anyone.
The Value of Bitcoin
Bitcoin is widely considered to be a very volatile asset, and the price has been known to go up and down very quickly at times, making it a high-risk investment. At the time of writing, it’s less than 50% of the all-time-high value of $68,789. This is still thousands of times more valuable than what it started at.
Those who invested early and held on to their Bitcoins have been able to make huge amounts of money. The 10-year ROI from December 31, 2011, to December 31, 2021, is a staggering 876,509% – enough to make someone a millionaire from an investment of fewer than 2 dollars.
It’s important to bear in mind that, at this point, such returns are very unlikely. Despite that, there’s still plenty of room for Bitcoin to grow as more people invest and more businesses start using it. No one can say exactly what will happen in terms of value, but looking at how it’s performed over the last decade, it’s reasonable to assume it will continue to grow.
Bitcoin Mining Explained
Bitcoin mining was once one of the best ways to earn free Bitcoin. It involves using powerful hardware to verify Bitcoin transactions on the blockchain. This helps the network run, and those doing it are rewarded with Bitcoin.
A miner first builds a mining rig; then they need to join a mining pool. A mining pool will have multiple miners working together to find blocks and earn rewards. Each member is rewarded based on their contribution to the block’s discovery.
The profitability of Bitcoin mining has always varied. It consumes a lot of power, so those who can use cheaper energy sources can make greater profits. People who have rigs in countries with lower electricity costs or have access to renewable sources like wind or solar benefit the most from this.
Why Won’t This Work?
For those that got into Bitcoin mining early, it was a great way to get free Bitcoin. It could be done from home with a relatively powerful computer and wouldn’t use too much energy. Over the years, however, it has become far more power intensive.
You can only mine successfully if you can solve blocks faster than others. To do this, you need a huge amount of processing power. Bitcoin mining has become incredibly competitive, so for most people, it’s no longer viable.
A regular computer won’t stand a chance. Specially designed Bitcoin mining rigs exist, but they’re very expensive and need a huge amount of power to run. It can still be an option for some, but for the average person, it’s simply out of reach.
Free Bitcoin Through Cointiply
Even if Bitcoin mining isn’t an option, there are other ways you can get free Bitcoin. There are some websites that offer different solutions, with Cointiply being one of them. We currently have over 3 million users, and they’ve collectively earned over $12,000,000 in Bitcoin.
How It Works
You can sign up to our site today and start to earn free Bitcoins instantly. There are several ways you can go about this.
Playing Games
Everyone enjoys playing games, even for free. So imagine being able to get paid for it! With Cointiply, it’s entirely possible.
We have a variety of desktop browser and mobile games available. As you play and progress through these games, you can earn Coins which you can later withdraw to your digital wallet. You’ll also have access to the Cointiply chatroom where you can interact with others, share tips, and talk about your victories.
Giving Your Opinion
All sorts of organizations want to know people’s opinions on different matters. Through Cointiply, you’ll be able to find a range of surveys related to things like products, services, businesses, and more. This will help shape the future of different industries and the economy as a whole.
Everyone has opinions on things, and most of the time we simply share them for free. Why do that when you could start earning money for them? Every time you complete a survey, you’ll get some Coins as a reward.
The reward varies depending on the survey, but you can often earn between $1 and $5 for each one you complete. If you get disqualified from a survey for whatever reason, you’ll receive credits for it. In the long run, you may even be able to see the impact of the surveys you’ve completed.
Other Methods
These are two of the most popular methods of earning free Bitcoin that we offer. On top of those, you can earn Coins for doing things like shopping online, watching videos, or signing up for a variety of services.
It’s also worth noting that when you withdraw your Coins, you can choose from multiple cryptocurrencies. As well as Bitcoin, you can go with Dogecoin, Dash, or Litecoin.
What You Can Earn
As it stands, there are no limits on what you can earn through Cointiply. On average, users tend to earn about $30 worth of Bitcoin each month through our various channels.
How much you ultimately earn will be down to you. Your location, the tasks you choose, and how much free time you have will all play a part. Some of our most committed users make hundreds of dollars each month, so if you’ve got what it takes, you could be among them.
Note that you need to meet a threshold of 30,000 Coins before you can withdraw – but don’t worry. That equates to $3, and most users reach this point in just a few days.
Using Cointiply
Cointiply is completely free to use – as soon as you’ve signed up, you can get started. There are some games and tasks that require purchases to be completed. With these, however, this is completely optional and they offer higher rewards.
As it stands, there are restrictions on the Apple Store that prevent us from launching an iOS app, but you can still use Cointiply on an iPhone via our mobile-friendly website. Android users can download our app directly from the Google Play Store.
Cointiply is available worldwide and has users from every country on the planet. Bear in mind that some specific offers might be restricted to certain locations. Some offers and surveys will also only be available in English.
We have a referral program that you can use to earn more. For any users you refer, you’ll earn 25% of their faucet earnings and 10% of any other earnings they make.
Is Cointiply a Bitcoin Faucet?
Free Bitcoin sites are sometimes known as Bitcoin Faucets. These are sites that give away small amounts of crypto to their users for free.
Cointiply has a faucet, so you can use this to collect some free Coins every day. While this is beneficial, rewards from our various services are much higher, so they’re generally the best option if you want to earn larger amounts.
Additional Features
We have a range of other features that you can take advantage of to increase your Bitcoin earnings. Our loyalty bonus is an example of this. You can boost your earnings up to 100% by making sure you log in every day.
If you reach a Coin balance of 35,000 Coins, you’ll start to earn 5% interest on your account. You can send Bitcoin directly to your Cointiply account and convert it into Coins so that you can earn even more interest.
You can chat with our other users at any time. There are over 3 million like-minded Cointiply users you can connect with. We also offer 24/7 customer support, so if you have any questions or issues, there will always be someone available to help.
We keep a count of our statistics that you can view on our homepage. At the time of writing, we have:
- 82,172,153 completed offers
- 148,371,801 faucet claims
- 3,112,481 total useers
- 296.03 Bitcoin earned
This shows just how much people enjoy using our platform, and these numbers grow every day.
Other Options
As interest in Bitcoin has increased worldwide, so too have the ways you can earn it. There are several other methods you may be able to use to earn free Bitcoin.
Staking
Many cryptocurrencies use a PoS (Proof-of-Stake) mechanism. People who hold these cryptos can stake them to earn rewards, based on how much they stake.
Various platforms offer staking, and they’ll have a reward of a certain percentage. For example, if a platform offers a 5% reward, and you stake $10,000 worth of the specified crypto, you’ll earn $500 across the year. Naturally, higher reward percentages present a better potential for earning profits.
If you want to earn Bitcoin specifically, however, a bit more work may be involved. Bitcoin uses a PoW (Proof-of-Work) mechanism, so you can’t stake it directly. What you can do, however, is stake other cryptos, and these can easily be converted into Bitcoin.
Airdrops
Airdrops are marketing strategies used to promote new crypto projects. These can involve Bitcoin and other cryptos, and you can participate in various ways.
Companies may offer airdrops to people who use specific wallets or complete specific tasks (such as following social media pages or referring other users). Airdrops are often only for a small number of users, so you’ll need to make sure you check if you’ve won after it’s happened.
Affiliate Programs
These are marketing campaigns that encourage people to refer new users. You can get a referral link and share it with others. You’ll then be rewarded when people sign up through your link.
This method can require some effort, as you’ll usually need to get a lot of referrals to receive reasonable commissions.
Start Earning Free Bitcoin Today
Bitcoin is changing the world, so the sooner you start earning yours, the better. Cointiply allows you to earn free Bitcoin in several ways, and there’s no limit on how much you can earn. Sign up to enter the world of crypto today.
Comments by Cointiply Staff