While many still consider Bitcoin an early stage investment, the reality is that outside of purchasing sats, buying Bitcoin may be out of the question for everyday people. This presents an excellent opportunity to explore how to earn free Bitcoins. But before we delve into that, let’s review the reasons behind the cryptocurrency’s recovery from its bearish phase.
Bitcoin embraces a greener future
Many factors contributed to Bitcoin’s crash in May 2021. However, Elon Musk’s decision to cancel Tesla’s offer to buy luxury electric vehicles via BTC was the most decisive one. More precisely, it was not the reneging itself that drove Bitcoin down but the reasoning behind it. The quirky billionaire portrayed Bitcoin as unsustainable, i.e., its proof-of-work mining network is not eco-friendly.
Such a narrative endangered Bitcoin’s very legitimacy. After all, when surveyed, most people say they are worried about the environment and waste. At the same time as Musk’s tweet about ousting Bitcoin from Tesla as a payment method, news agencies repeatedly reported on China’s ban of crypto services in terms of both exchanges and mining operations.
This was not news per se, but it did trigger a sell-off panic among those who bought Bitcoin at the time. Keep in mind that over 60% of Bitcoin’s mining was located in coal-rich China as a cheap energy source in 2021.
With the explanation for the crash out of the way, Musk tweeted that Tesla will once again start accepting Bitcoin once its mining network goes over 50% green, meaning from renewable resources like geothermal, hydro, solar, and wind. Such a transition is already underway, as attested by the Ark Invest project, which is supported by Twitter’s CEO, Jack Dorsey, and his payment processor, Square.
In fact, Bitcoin is already far greener than most nations, not to mention the banking infrastructure.
Institutional investors are going all in
During the 2021 BTC dip, institutional investors were not the ones to sell BTC. On the contrary, they bought it at a discount thanks to FUD (fear, uncertainty, doubt) that spread across social media. One of the biggest whales, Michael Saylor of MicroStrategy, confirmed this immediately after the crash.
Saylor announced he would buy up to $500 million worth of BTC and sell up to $1 billion Bitcoin in MicroStrategy stock for further BTC purchases. At the same time, another billionaire, Paul Tudor Jones, the head of Tudor Investment with $44.6 billion in AUM, endorsed Bitcoin as a hedge against inflation — devaluation of fiat money.
Bitcoin’s taproot upgrade
As a decentralized system, Bitcoin’s development has to go through at least 90% consensus among miners. Out of 2,016 mining pools, 1,815 signaled that they favored implementing the Bitcoin Taproot upgrade.
This was a major milestone for Bitcoin since its previous Segregated Witness (SegWit) upgrade back in 2017. While that upgrade dealt with Bitcoin optimization and bug-fixing, Taproot will improve Bitcoin’s performance, transaction speed, privacy, security, and even potential smart contracts. With this outstanding news, the need to know how to get free Bitcoins only increases.
Bitcoin as national legal tender for El Salvador
In 2021, during the Bitcoin Conference, a significant development in the world of cryptocurrency was marked by El Salvador’s President Nayib Bukele. He announced a pioneering move to adopt Bitcoin as legal tender for the country’s 6.5 million citizens. This decision, made in 2021, was a historic moment for both El Salvador and the global crypto community, and it overshadowed other crypto events at the conference.
Having equal legal status, right alongside USD, is the most important milestone for the entire crypto space since Bitcoin emerged on the scene. Instead of relying on a banking infrastructure, nothing more is needed than a smartphone app/wallet to both store wealth and use it for borderless payments.
Tanzania and Tunisia soon after announced they will revisit their crypto legislation. Tunisian finance minister already called for Bitcoin ownership to be decriminalized. At the same time, Tanzania’s President Samia Suluhu instructed the nation’s central bank to prepare for crypto integration.
Thanks to Bitcoin’s global brand recognition and the ease with which it can serve as a portable, virtual, and decentralized bank, these steps are only the first ones. Furthermore, El Salvador’s president ordered the nation’s geothermal company to make plans for Bitcoin mining. This will further beautify Bitcoin’s perception as a green cryptocurrency.
The use of renewable energy sources in Bitcoin mining has surpassed 50% for the first time, as miners shift to less fossil fuel-intensive regions and adopt more sustainable solutions such as off-grid power and “gas flare.” This trend has also resulted in a decrease in carbon emissions from Bitcoin mining, even as the hash rate of the network, which measures the processing power of miners, has increased.
/Related
More Articles
How to get free bitcoins
With Bitcoin on track to snowball to $100k this year or the next one, it’s time to learn how to get free Bitcoins. This guide will not concern itself with mining because it requires initial investment and electricity costs. With that said, StormGain does offer cloud mining, which requires zero investment.
The following platforms allow you to earn free Bitcoin directly.
1. SuperPay.Me
Before artificial intelligence became popular, GPT was traditionally associated with “Get paid to” site. Superpay.me is a GPT site that allows you to complete tasks. The site allows payout in a variety of methods, including gift cards, Skrill, PayPal, and our favorite — Bitcoin.
On Superpay.me you are rewarded for completing surveys, watching videos, and playing games. While most GPT sites tend to draw skepticism, Superpay.me has fairly consistent reviews. According to over 3,000 reviews on TrustPilot, the site has a score of 4.3 out of 5.
To earn free Bitcoin on Superpay.me, simply follow these steps:
- Register for free on Superpay.me.
- Participate in online surveys to accumulate points and cash rewards.
- Reach a minimum earnings threshold of $40 to become eligible for payouts.
- Opt for Bitcoin as your preferred payment method.
- Receive Bitcoin Cash directly in your selected account on the same day.
2. Time Bucks’ Surveys
Taking surveys for money has been a common staple since the internet was commercialized. However, Time Bucks is ahead of the game by offering payments in BTC.
- The selection of surveys is dependent on the needs of their partners, so it’s always worth checking on a daily basis.
- Other methods to earn rewards that can be paid out in BTC are posts on TikTok or Instagram.
- You can also playing earn by playing games, installing apps, referrals, and other content-consuming activities set by their partners.
The minimum withdrawal amount is $10 in BTC. Time Bucks’ daily rewards usually range between $10–$20. If you have extra time during the day, Time Bucks has you covered.
3. Reward XP
Similar to Time Bucks, Reward XP gives you a variety of minimal tasks to complete, including surveys. For your service, you receive bitcoin payments directly to your address linked to your account.
Although the site pays as advertised, you will find that there are not that many tasks available to complete to earn free Bitcoin. To earn the platform’s rewards it requires an immense amount of “XP” to accumulate Bitcoin rewards worth a significant amount. Therefore, if you spend hours completing tasks, you a small amount of BTC. The current rate is 10,000 XP = $1 USD.
4. Bitfortip’s Answers
If you are familiar with Quora, Bitfortip is the crypto version of it.
- There are millions of people who seek answers, and Bitfortip monetizes them with four cryptocurrencies.
- The platform uses Bitcoin (BTC), Bitcoin Cash (BCH), NANO, and Tezos.
- When the visitor poses a question, the answerers post a comment beneath it. The poster who gives the best answer gets the reward.
Questions can be about anything, from fashion tips and finding links to stock technical analysis. Bitfortip is also available as a mobile app, either for Android or for Apple smartphones.
The indirect way to get free Bitcoins
By using indirect methods, sometimes payouts are not available directly in BTC. Nonetheless, they can be easily exchanged, either for Bitcoin, USD, or other altcoins. Here are some of the methods to earn free Bitcoin indirectly via referrals and rewards for educational activities.
1. CoinMarketCap Earn
The world of cryptocurrencies is complex but rewarding. And the more you know about it, the more investment opportunities open up. With the CoinMarketCap Earn program, this applies literally.
- By watching educational videos and completing quizzes, you can earn rewards in the crypto you received education on.
- From DeFi DApps to blockchain games, currently, 11 types of tokens are on offer.
- Of course, 100% completed quizzes yield the highest, predetermined rewards.
- With the tokens in your account, you can then withdraw them to MetaMask wallet to be exchanged into stablecoins or Wrapped BTC (wBTC).
The latter is a BTC stablecoin on the Ethereum blockchain, meaning that each wBTC is equal to BTC in a 1:1 ratio.
If you find that learn & earn campaigns have been concluded for certain tokens, subscribe to the program anyway to be notified for future ones.
2. Coinbase Earn (Learn & Earn)
Coinbase Earn works identically to CoinMarketCap’s Learn & Earn campaigns. After each viewed lesson on a coin/protocol, solve a quiz, and earn a monetary reward. As of press time, there are about nine available courses to complete:
- Ethereum (ETH)
- The Graph (GRT)
- NEAR (NEAR)
- USD Coin (USDC)
- VeChain (VET)
- Vara (VARA)
- Bitcoin (BTC)
- SHPING (SHPING)
3. Earnathon (Learn & Earn)
Another educational site that gives out rewards following a quiz. Interestingly, the platform itself has a native ENA token, as a part of the Earnathon protocol.
- Its mission is to educate the world about blockchain technologies in all their forms.
- This means that payouts only come in the ENA tokens, to be released once the token is publicly listed.
- In addition to standard learn & earn rewards, you can also earn $10 worth in ENA for each referral to the platform.
4. Brave Browser
Users seeking alternatives to mainstream browsers often turn to Brave Browser, a popular choice distinct from Google Chrome. Renowned for prioritizing user privacy and offering default ad-blocking features, Brave has established itself as a preferred option. However, not many know that it also has an in-built BitTorrent protocol, the same one that powers Dlive.
- More importantly, the Brave Browser has an in-built crypto wallet for BAT tokens — Basic Attention Tokens.
- BAT is an Ethereum-compliant token that monetizes a user’s engagement with media, usually ads.
- Platforms can use BAT to distribute advertising income across viewers, publishers, and advertisers.
In other words, you can earn BAT rewards once you enable Brave Rewards.
Then, every time you view Brave Ads that come as push notifications, you will earn BAT. If you make Brave the default browser, you can expect to earn around half a dollar per day. However, this is a seamless experience that doesn’t require your active engagement. Therefore, it is best combined with other methods to get free Bitcoin.
5. Swashapp
Swash (Swashapp) is the perfect blockchain protocol to combine with Brave’s BAT rewards. Both rely on nothing but regular internet usage.
- Swash protocol captures and anonymizes your online experience.
- Then, it sells this data on a marketplace for a variety of parties interested in consumer habits.
- For your part, you will receive 70% of the profits, deposited directly into your Swash wallet.
You can start by adding it to your web browser, just like you would a MetaMask wallet — via web extension. Swash has been migrating to Data Union 2.0, so the tokens will be in Streamr (DATA).
Navigating the future of free Bitcoins
If you have a significant following on social media, leveraging referral programs can be an effective way to earn free BTC. For others, beginning with educational courses on cryptocurrency is advisable.
Today’s Bitcoin millionaires often attribute their success to early knowledge acquisition. Moreover, many alternative cryptocurrencies, particularly those contributing to the development of Web 3.0, like BAT and DATA tokens, have the potential to reach values comparable to Bitcoin.
Frequently asked questions
Bitcoin is the first and most well-known cryptocurrency, created by an individual or group using the pseudonym Satoshi Nakamoto. It operates on a decentralized peer-to-peer network, using blockchain technology to enable secure and transparent transactions without the need for intermediaries. Bitcoin’s primary use case ranges from digital peer-to-peer transactions to a store of value, and it has gained significant attention as a potential hedge against inflation and a means of financial inclusion.
Bitcoin works through a decentralized ledger called the blockchain, where transactions are grouped into blocks and added to the chain through a process called mining. Miners use powerful computers to solve complex mathematical problems, and the first to solve it validates and adds the block to the chain, earning new bitcoins as a reward. Bitcoin’s scarcity is controlled by its code, which caps the total supply at 21 million coins, ensuring scarcity and deflationary properties.
Bitcoin is considered secure due to its cryptographic nature and decentralized structure. Transactions are verified by miners, and once confirmed, they are nearly impossible to alter. However, individual security is crucial; users need to protect their private keys, use reputable wallets, and be cautious of phishing scams and hacks that can compromise their holdings. While Bitcoin itself is secure, users’ practices and precautions play a critical role in ensuring their funds’ safety.
The perception of bitcoin as environmentally unsustainable, coupled with the Chinese crackdown on cryptocurrency exchanges and mining operations, led to a panic sell-off among recent bitcoin investors in May 2021. Also, Elon Musk’s announcement that Tesla would no longer accept bitcoin due to environmental concerns was a significant catalyst.
Use platforms like Pei, which offer cashbacks in the form of bitcoin for purchases made with linked credit/debit cards. Also, you can participate in Time Bucks’ surveys, where you can earn bitcoin rewards for completing surveys, playing games, and other activities.
Engage in educational activities through platforms like CoinMarketCap Earn and Coinbase Earn, watching videos and completing quizzes to earn rewards in various cryptocurrencies. Combine regular internet usage with the Swash protocol, earning Swash tokens for anonymized online data, which can be exchanged for other cryptocurrencies.
Using the Brave Browser, users can enable Brave Rewards and earn Basic Attention Tokens (BAT) for viewing ads that come as push notifications. With the ability to earn around half a dollar per day, this passive earning method is seamless and can be combined with other strategies to accumulate free Bitcoin.
You can get BTC without paying through various methods, such as registering with a cryptocurrency exchange to claim their bonus, engaging in crypto staking, crypto mining, participating in learn-and-earn programs, joining an airdrop, and more.
Using the Brave Browser, users can enable Brave Rewards and earn Basic Attention Tokens (BAT) for viewing ads that come as push notifications. With the ability to earn around half a dollar per day, this passive earning method is seamless and can be combined with other strategies to accumulate free Bitcoin.
You can get Bitcoin without paying through various methods, such as registering with a cryptocurrency exchange to claim their bonus, engaging in crypto staking, crypto mining, participating in learn-and-earn programs, joining an airdrop, and more.
Trusted
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
