How to Get Bitcoins - A Guide to Earning Bitcoins Fast and Free in

How To start Earning bitcoins?

Bitcoin Exchanges / August 26, 2022

Everyday, Bitcoin the cryptocurrency and Bitcoin the technology gets more popular. When in 2011 you had to write a person from the other continent to order a pizza for you with Bitcoins, now you can do something like that in a number of major cities. In some countries like the Netherlands, the entire towns are Bitcoin-friendly (such as Arnhem, often called ‘the Bitcoin city’) now with a range of services available for those who are willing to pay with BTC. The more ways are there to spend the cryptocurrency, the more ways are there to obtain them. Let us look at some of the approaches to help you earn Bitcoins online.

1. Mine your own Bitcoins

The very first way to get your own Bitcoins was through mining. In 2009, every block mined (every 10 minutes on average) brought a reward of 50 BTC to the lucky one who managed to solve the computational problem. Right now and till 2016, every block brings 25 BTC. While the reward is still luring, there are some issues which stand in the way of earning some loot:

– The hashing difficulty has grown significantly over the last years. No single equipment has enough computational power to compete for Bitcoins.
– Mining has gotten unprofitable.
– In hope for some reward, people are forced to unite in pools or use cloud mining services.
– Even when the efforts are combined, there is still need to pay for the electricity, and the utility bills often exceed the mining reward.

All these factors make Bitcoin mining these days unprofitable. This makes us move forward to the next strategy of earning Bitcoins online.

2. Do work for Bitcoins

If mining is not for you, you can search for work that you can do for Bitcoins. There are multiple services that will offer one an opportunity to work for cryptocurrency. You can find something at Coinality or by just going to /r/Jobs4Bitcoins on Reddit. Currently, you can earn Bitcoins online as a freelancer mainly, but some Bitcoin startups and companies like Overstock offer an option to get the regular payment in BTC. With greater acceptance, there will be more options to look for.

3. Offer something for Bitcoins

Another way to earn Bitcoins online is to sell something for crypto. If you are keen on handmade, you can accept BTC on your ETSY page, and if you are a merchant, you can use register with one of the Bitcoin payment providers, such as BitPay. For more info on how to accept Bitcoin, see this article.

4. Gambling and casino games

If you are searching for a simple way to earn Bitcoins online, you may try gambling. However, while it might seem to you as easy money, gaming has a number of risks which need to be taken into account. In the following article, we have outlined for you some websites worth checking out when trying out your luck: Bitcoin Gambling. We don’t guarantee that you win, which is why we strongly recommend you to play only if you have some initial capital to spend. On the other hand, who knows, maybe you will get lucky and multiply your crypto.

5. Use various Bitcoin faucets

We have already mentioned gambling and faucets in a recent article. What you need to know about Bitcoin faucets is that they allow you to get a small amount of cryptocurrency in particular time spans. For example, on many Bitcoin dice websites you can get 0.0001 BTC every 5 minutes. However, to get a new portion of satoshis, you need to have a zero balance. There are other options too where you can earn ‘Bitcoin dust’ for time spent on the website (for example, when playing games). You cannot gain much here, but sometimes it can be enough to get a feeling of owning some crypto.

6. Boost your trading skills

A good way to make an earning with Bitcoin and cryptocurrency in general is to do it through trading. CEX.IO allows you buying Bitcoins with payment cards or via bank transfer, after which you can convert it to other crypto or fiat using the price volatility at your advantage. Sometimes, however, Bitcoin trading can be very similar to gambling – high risks are involved here too. In order to minimise them, you need to learn a bit about trading. You may follow our blog to get some trading tips. Meanwhile, you can start with our 3 tips for profitable trading and then explore our trading category. Just start with a little amount, and when you feel more confident, you will be able to get to bigger earnings.

Earning Bitcoins online: Summary

There are quite a few ways to earn Bitcoins online, and they are all different. Some of them, such as gambling, or trading, involve risks. However, while in gambling everything depends mainly on luck, trading requires some substantial knowledge. You can stay tuned for our tips on how to not just earn your Bitcoins, but to multiply it.
Regardless of what strategy you choose, you still have to find a secure place to buy, sell, and store your Bitcoins. CEX.IO has been a well-known player on the Bitcoin market since 2013, offers a user-friendly service for buying, selling, trading, and keeping Bitcoins secure. None of its users has ever experienced account funds theft, and, all in all, CEX.IO deserves to be one of the best Bitcoin services known so far.

which london airport to fly into what products are made from oil how project managers stay organized how business taxes work when business need to formalize the information how much teaching assistant earn who product iphone where is management university of africa how many manager does wizkid have whose company is google how often processing solution should be replenished how much science should be taught in ks1 where to build science nexus how manufacture cement why engineering is a good career who solution for covid 19 how many workers does disneyland have where entrepreneurship can be applied which business degree is right for me why technology is bad how many company make baby formula where to solve physics problems where are products from ikea made how much phone 11 what management style do you prefer why startups succeed which device is using a motor when design a logo startup company where's application manager on iphone where to find device name on laptop what business quarter are we in doctor who equipment who technical officer salary why science is important startup netflix how much products are made in china who solution recipe where device name where business intelligence is used how many startup fails which entrepreneur are you quiz how long startup repair windows 7 who engineering controls definition how often processing solution should be replenished how much project pat worth why tech stocks are falling where is texas tech from which development was influenced by the enlightenment which device is a general purpose computing device how much business cards cost where does technology comes from when project management goes wrong entrepreneur who founded jetblue crossword how teaching happens book how much teaching english in thailand why technology is good for society where is technology used how much is microsoft roadmap how teaching helps you learn how design a logo what is a development milestones where to solve math problems where to products online how many startup in india how much teaching english taiwan which workers are civil servants why startups succeed why technological and institutional reforms are required who science in 5 how much equipment does have where apple products are made how often answer options whose science whose knowledge pdf what engineering is right for me which science is the hardest from where science came what management style am i why management is important in business how to develop roadmap how many startups registered in india how management helps in development of society where to start startup why technology is important in education where science meets art when tech mahindra started when technology spillover occurs where to equip ashes of war who equipment management how many entrepreneurs succeed whose product is dr pepper how much solution to put in hoover carpet cleaner why business major essay how often does technology improve how long does solution finish last when manager is not supportive where technology came from how technology has changed education what development did you find why equipment is uncountable how tech companies are valued how many company elon musk own where product key windows 7 why company register in delaware who system design what science is taught in 12th grade where is the source located why manufacturing in china where to equip a detector in fortnite where to teach english online where to develop pictures near me where technology is headed why teaching is important to me what management style do you prefer how many project diva games are there who manufacturers the flu vaccine why technological change is important how often is frequent