Did you know that there is a limited supply of bitcoin? Only 21 million bitcoins are available to mine (digitally minted and put into circulation), and there are only 2.8 million coins left. At its current rate, the last bitcoin will be mined most likely by the year 2140.
Why is this important? If you understand supply and demand then you know that as a commodity or asset becomes more scarce it increases in value. So, if you want to buy bitcoin before its value increases then you need to start investing now.
Luckily, there are easy ways to get bitcoin. You could buy some at market value on an exchange or you could learn how to get free bitcoin.
Read this guide to find all the ways to earn bitcoin online including by completing simple tasks.
What is Bitcoin?
Before you earn bitcoin, you have to know what it is. Luckily, you don’t need to be an expert on cryptocurrency; you just need a history lesson.
Bitcoin is the first-ever cryptocurrency that was created in late 2008. No one knows who started the digital currency since it was released in an anonymous white paper with only the alias name Satoshi Nakamoto on it.
The crypto slowly became the currency of choice on internet marketplaces that relied on anonymity. This is because, as a cryptocurrency, bitcoin doesn’t rely on traditional banking institutions. Instead, it uses a blockchain, a network of shared nodes or computers that creates an independent ledger.
The blockchain processes transactions using a stream of verifications to authenticate the sender and receiver without using biographical information. Private and public keys ensure coins get set to the right location securely.
The value of bitcoin is also controlled by its network of supply and demand. If too many stakeholders start selling, then the bitcoin price will drop, and if they start buying, then the price increases. Therefore, as popularity grew over the last decade the price went from a few satoshi (micro bitcoins) equal to fractions of a cent to an all-time high of $68,789.63 in November of 2021.
Some people believe that the future is a bitcoin generation as it is the most reliable form of cryptocurrency among thousands of altcoins.
Benefits of Investing in Bitcoin
Although bitcoin, and cryptocurrency in general, is a volatile market, there are some long-term benefits to buying bitcoin. The main reason to invest in bitcoin over other digital currencies is that it has a long history and a strong support system. The price of bitcoin has risen slowly over the years and only has seen a few major price dips.
Other benefits of investing in bitcoin are:
- It has lower transaction fees compared to most banks.
- It is easy to transfer money internationally.
- It is simple to buy and secure safely long-term.
- Buying bitcoin online protects you from hackers.
- You can buy it anonymously.
- Use it to shop online and buy everyday items.
- Its limited supply keeps it from inflating and makes it a valuable asset.
Lastly, the most important reason to buy bitcoin today is that you won’t miss out on an opportunity of a lifetime. Even buying a small amount of bitcoin could pay off in the years to come, so it is a low-risk venture when you buy it and forget it.
Ways to Own Bitcoin
So, how do you get a piece of the bitcoin action? They are several ways to get bitcoin.
The first way is to simply buy bitcoin from any number of cryptocurrency exchanges. Here are the steps to follow to buy bitcoin from an exchange:
Step 1: Choose an Exchange
Choose an exchange that accepts your currency and is legal in your country. You also want to choose one that has your preferred method of payment. Either download the app or go onto your browser to access the exchange.
Step 2: Make an Account
Register with the cryptocurrency exchange. Many exchanges only require an email or phone number and password to start an account. However, to get higher buying and selling limits and to connect your bank account for instant purchases, you may also need to submit a KYC for identification verification.
Step 3: Secure Your Account
Secure your account by turning on a multi-factor authentication like Google authenticator or setting a pin connected to your smartphone. This will ensure that no one can access your account without having possession of your phone.
Step 4: Purchase Bitcoin Using a Payment Method
You can buy small or large amounts of bitcoin using a bank account, credit/debit card, or even pay cash using a peer-to-peer network or a bitcoin ATM. You can also use existing accounts like PayPal to buy bitcoin.
Step 5: Store Your Bitcoin
Once you have bitcoin, you need to store it in a wallet. There are cold and hot wallets available. A cold wallet is offline, typically a USB that stores your crypto or a paper wallet where you write down your private key and seed phrase. Hot wallets are online such as on a wallet app or website.
The second way to get bitcoin is less risky. If you aren’t ready to use your own money to invest in something unfamiliar, there are alternatives. You can also get free bitcoin without using any money. Read on to find out how.
Why Do Sites Give Free Bitcoin
Getting free crypto may seem like a scam, but the world of cryptocurrency is more generous than it seems. This is in part because of its independent nature and the fact that it is a digital coin. Nothing backs up bitcoin’s value except its shareholders. Therefore, the more people who invest in Bitcoin, the better it is for its initial investors.
Another reason that bitcoin is given away is that small amounts can add up easily. These small amounts are exchanged for simple services so that both participants make money.
The bitcoin community works together, to not only increase the circulation of bitcoin but also to gain rewards for holding it. Staking even small amounts of bitcoin creates interest and other incentives within a protocol of users. So, the more users and holders of bitcoin within a protocol, then the more money it makes as a whole.
How to Get Free Bitcoin
A popular form of these bitcoin networks, protocols, or platforms is pay-to-earn sites where you can earn free bitcoin after joining.
Sites such as Cointiply offer ways of completing actions to earn bitcoin for free. There is no cost to sign up and you can start making bitcoin the same day that you register.
Here are some of the ways that Cointiply and other sites help you earn bitcoin.
Imagine offering your opinion and getting paid for it. This is how you get bitcoin for surveys.
Companies use marketing data to show statistics and improve their products and services. Therefore, they are willing to pay someone to complete surveys to expand this data.
This is where you come in. There is no need to seek out companies for surveys since Cointiply brings them right to you on their platform.
All you need to do is sign up and choose which surveys you want to complete. However, there are some things to be aware of when taking surveys.
First, you should know about quality scores that rise and fall based on the quality of your survey answers. To get a good quality score, show the survey company that you aren’t cheating by doing the following:
- Take your time since some companies check the time spent on the survey and a fast survey taker usually means low quality.
- Read questions carefully because some questions will check to see if you are really paying attention to the content.
- Keep your answers truthful to avoid contradicting yourself.
Other tricks to keep in mind are that some questions are repeated or phrased to ask the opposite of another question to see if you will answer the same way.
Also, if your quality score goes too low then you could be suspended or expelled from using that particular survey company.
To be successful at taking surveys to get free bitcoin, you need to choose surveys that you qualify for based on your background and experience. This is because the survey company wants people who will give them accurate data. Therefore, you need to be approved to take the survey.
Try several surveys to see which ones are a good fit and that approve you the most.
Completing Tasks and Offers
Other than surveys, there are special tasks and offers you can complete to earn more bitcoin.
For example, you can conduct micro tasks like visiting a website or clicking on a link. You can even participate in pay-to-click ads that pay you to click on a link from an ad that directs you to a landing page for products or services. This helps companies make money with their advertisements and then they give you a small portion of their profit as a reward.
More elaborate tasks include signing up for a service and/or depositing real money to get your free bitcoin. These tasks take more time and effort so they may pay more than microtasks. However, they do require you to use personal information like your name and email address as well as credit card or bank information to complete, so you need to be cautious about what websites you trust.
Downloading apps is a safer way to complete tasks to earn your bitcoin. Many of these apps will offer rewards for playing the game and reaching a certain level.
Check the offerwall for tasks and offers to see a variety of available jobs and see how much each one pays. You may see the same app more than once but with different payment amounts. Be sure to find the best offer before clicking on a task.
A task that takes a bit more time is watching videos. Believe it or not, these videos can be entertaining, so they don’t seem like work. However, you do get paid because they contain ads in them. You can always go get a snack while ads play and then continue watching your video for enjoyment.
The best part about watching videos for free bitcoin is that you can watch something that interests you. Or you can set the video to your background and complete another project while you watch it, earning you double the rewards.
Another way to get free bitcoin is by playing games with Cointiply. How do you get paid for playing games?
You’ve played games for free before and had to watch an ad to do so. However, with Cointiply, you get small amounts of bitcoin for viewing these ads while you play games.
This is one way that you earn bitcoin while gaming. Some games even pay you for achieving high scores and reaching the leaderboard. Others give you bonuses for completing achievements like collecting game items that can be traded in for bitcoin.
Bitcoin payments are available, in some cases, using the micro-purchasing method to create a pool of potential winnings in a game. For example, you might pay a small transaction fee to play a game, but you have a chance to win more than you paid. Your chances of getting free bitcoin increase the more you play and the better you are at the game.
Crypto-reward games are continuously evolving as they involve more blockchain technology and form a community of gamer- and crypto-enthusiasts alike.
The riskiest way to earn free bitcoin is by going on a crypto casino site. Cointiply doesn’t offer casino play to earn bitcoin but other sites do. You may need to add fiat currencies to convert to bitcoin then play with your own money for the chance of earning more bitcoin.
While you need to put in your own money to earn bitcoin, it is a fun way to possibly get more crypto. They have games like dice rolling and prediction betting on popular topics like sports, celebrity awards, politics, and, of course, the cryptocurrency market.
Some sites may also offer small satoshi rewards for playing, have sign-up bonuses, and jackpot prizes for random players.
Benefits of Using Cointiply to Earn Free Bitcoin
As you can see there are many ways to earn bitcoin for free. There are also many pay-to-earn sites to choose from, but not all of them provide the same features.
The best way to get the most bitcoin is to choose a site that has additional perks. Cointiply not only has a vast offerwall of tasks to complete from many companies, but it also has some insider benefits, including:
- A login daily bonus
- Reward points that equate to real prizes
- Anytime and fast withdraws in several currencies.
- The ability to earn 5% interest once your account has 35,000 coins
- Internal games to multiply your coin amount
- A referral program that gets you 25% of faucet claims and 10% of your referral’s earnings
In addition, you get to join over 3 million peers that are supported by 24/7 customer service. Plus, you can join for free and even get an initial sign-up bonus to get you started.
What to do With Your Bitcoin
Once you begin accumulating bitcoin, your next step is to decide what to do with your earnings. While you can keep your bitcoin on sites like Cointiply to earn interest, you may also want to spread some around once you get enough BTC.
So, what do you do with your free bitcoin now? Let’s go over your options.
Investing in Altcoins
You may or may not know that there are more cryptocurrencies other than bitcoin. In fact, there are 21,844 different kinds of altcoins as of November 2022.
This number is so large because anyone can create a cryptocurrency but not all of them can be successful. Those that reach the top 10 list have a strong backing of entrepreneurs in finance, technology, and even humanities as crypto’s future is in its implementation as a societal problem-solving tool.
How do you know which altcoin is worthy of an investment? You can start with the top 10 performing altcoins, however, there is never any guarantee of their immediate success. You can also research new coins that look promising.
By using your free bitcoins to trade for smaller altcoins you can spread out your investment and experiment with new crypto projects. Diversifying your portfolio will also teach you more about how cryptocurrency works so you can improve your investment strategies and become an expert crypto investor.
Shopping With Bitcoin
If you are only concerned about using your newly earned bitcoin then you could go shopping with it. Many online and in-person companies now accept bitcoin as a currency.
From AT&T to Pizza Hut, you can pay your cell phone bill or buy a pizza with your bitcoin just like with cash. Some real estate companies and car companies like Telsa even accept bitcoin for major purchases like a new home or vehicle.
Using a Bitcoin ATM
Keep your bitcoin in your wallet (the digital one) to access it when you need it. There are currently over 38,000 bitcoin ATMs in the world, which make it easy to transfer your bitcoin, take it out as cash, or even deposit cash to buy more bitcoin.
All you need is to locate a bitcoin ATM and either register with the provider at home or when you arrive at the machine. Then scan your ID to prove you are a real person and use your wallet address to access your bitcoin.
Most ATMs are located at convenience shops or gas stations so you can use them spontaneously on the go.
Mining for More Bitcoin
After earning your free bitcoin and learning more about cryptocurrency, you may start to think about mining bitcoin. If you don’t know what mining is the easiest definition is that it is the process of finding new bitcoin using computer nodes to solve algorithms on the blockchain.
When a miner solves the algorithm, then they are rewarded with a portion of the transaction fees.
As bitcoin usage increased over the years it has become more difficult to mine the coin as it takes a large about of processing power. For this reason, mining pools are more popular since they can combine CPU to mine BTC without creating a huge electrical bill for one person to pay or burning out your home computer.
You can also stake your bitcoin in mining pools to earn rewards while the pool benefits from your cryptocurrency.
Mining is only for curious and experienced crypto investors, but you can get started with mining 101 to learn more.
Creating a Bitcoin Wallet
Bitcoin is a long-term investment coin, so many people agree that the best thing to do with your bitcoin is to hold onto it. And the safest way to do so is by putting it in a bitcoin wallet.
Creating a wallet is easy as you can download an app or buy a USB like a ledger to store your coins. However, it is essential that you write down your private key and seed phrase to access your account. If this information is lost or stolen you will lose your bitcoin. Keep it in a safe place and never share it with anyone.
Getting Started With Cointiply
Now that you know how to get free bitcoin, all you need to do is start an account with Cointiply. Just like most cryptocurrency sites, all you require is some basic information like your name, email, and password to begin.
Once you are in Cointiply, check out the offerwall to see what tasks are available. You can also visit our How it Works section to get common questions answered.
Create an account today to get free bitcoin today.