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Cryptocurrencies have staged a strong performance so far in 2024. Leading the bullish trend in cryptos is bitcoin, which reached an all-time high (ATH) of over $72,000 in March. The largest cryptocurrency by market capitalization has already climbed 60% this year, as investors flock to newly launched ETFs. With the much anticipated halving commencing in April, bitcoin remains among the top cryptocurrencies to watch in 2024.
Are you looking to capitalize on bitcoin's surge to new ATHs? You can start by exploring how to get free bitcoin today.
How to Get Free Bitcoin: 10 Easy Ways
While purchasing bitcoin through exchanges is the most common method of acquiring it, there are also several ways to earn free bitcoin. From completing simple tasks to participating in crypto projects, here are some ways you can earn free bitcoin.
1. Get-Paid-To (GPT) Websites
Using Get-Paid-To (GPT) websites like Freecash is an easy way to get free bitcoin. These platforms reward users for completing various online tasks, such as filling out surveys, watching videos, playing games and more.
2. Bitcoin Faucets
Bitcoin faucets are applications or webpages that offer users tiny amounts of bitcoin in exchange for solving captchas or completing simple tasks. To obtain free bitcoin, visit a bitcoin faucet like Cointiply and FreeBitco.in, finish the tasks and collect bitcoin.
3. Bitcoin Mining
By participating in Bitcoin mining, you can earn free bitcoin by contributing your computational power to secure and validate transactions on the Bitcoin network. Miners who successfully solve these equations are rewarded with newly minted bitcoin as well as transaction fees.
However, it's essential to consider factors such as hardware costs, electricity expenses and mining difficulty when assessing the potential profitability of mining.
4. Crypto Airdrops
Airdrops are the easiest and most profitable way to get free bitcoin, but you often have to be lucky (or already flush with funds). Crypto projects occasionally distribute free tokens, including bitcoin, to promote their platforms or reward early adopters. The question is, how can you make sure you're in on the next airdrop? There is no fault-proof way of getting into every airdrop. What you have to do is keep an eye out for announcements on social media or cryptocurrency forums to participate.
5. Staking Cryptocurrencies
Staking cryptocurrencies to get free bitcoin is a popular method for users to passively accumulate bitcoin rewards. Staking involves holding a certain amount of cryptocurrency in a wallet or on a platform to support the operations of a blockchain network. In return for staking their coins, users receive rewards in the form of additional bitcoin.
6. Referral Programs
Many cryptocurrency exchanges and platforms offer referral programs that reward users for referring new customers. Share your referral link with friends or followers and earn free bitcoin for each successful referral.
7. Playing Blockchain Games
Blockchain-based gaming platforms like Axie Infinity or Decentraland offer users the opportunity to earn cryptocurrency rewards, including bitcoin, by playing games and completing in-game tasks. These games typically use blockchain technology to tokenize in-game assets, allowing players to own and trade their virtual assets.
8. Participating in Bounty Campaigns
Cryptocurrency projects frequently launch bounty campaigns to promote their platforms or encourage greater community involvement. Participants can earn free bitcoin rewards by accomplishing tasks like creating content, writing articles and spreading the word on social media.
9. Interest-Bearing Accounts
Several platforms, like Coinbase, offer interest-bearing accounts or savings accounts that allow users to earn interest on their bitcoin holdings. By depositing your bitcoin into these accounts, you can earn passive income in the form of additional bitcoin over time.
10. Bonus for Opening Crypto Accounts
Some cryptocurrency brokers offer bonuses or incentives for opening an account with them. Some of these platforms may provide you with free bitcoin as part of their promotional offers. After successfully opening your crypto account and fulfilling necessary requirements, you can claim your bonus. Bonuses may be credited to your account automatically or may require you to enter a promotional code during the sign-up process.
Watch Out for Free Crypto Scams
While the allure of earning free cryptocurrency may be tempting, it's essential to remain vigilant and watch out for common scams in the crypto space. Here are some scams to be aware of.
1. Phishing Scams
Be wary of emails, texts or websites that look like real ones but ask for your secret keys or personal information. Always check the URL twice, and make sure you're on the official site of a brand you trust. Alternatively, you can store your bitcoin offline using a secure hard wallet.
2. Ponzi Schemes
Stay away from schemes that ask for an initial investment and offer high returns or profits that you can count on. Often, these schemes depend on getting new investors to pay off the old ones. Eventually, they fall apart, leaving investors with financial losses.
3. Fake Giveaways
Beware of social media posts or messages claiming to offer free cryptocurrency giveaways from well-known figures or companies. These are often scams designed to trick users into sending their cryptocurrency to scammers in exchange for fake rewards.
4. Malware and Fake Apps
It's crucial to exercise caution when downloading software or apps related to cryptocurrencies, as cybercriminals often exploit the popularity of digital currencies to distribute malware and fake applications. Fake cryptocurrency apps or websites may mimic legitimate platforms to trick users into revealing their login credentials or financial details. These phishing attacks often employ social engineering tactics to create a sense of urgency or offer enticing rewards, luring unsuspecting users into providing sensitive information.
5. Pump-and-Dump Schemes
Avoid organizations or people who promote pump-and-dump schemes, which involve artificially inflating the price of a cryptocurrency through coordinated buying then selling off to unwary investors at inflated prices.
Use reliable and trustworthy sites when engaging in cryptocurrency-related activities. Make sure offerings are genuine, do extensive research and don’t give out your secret keys or personal information. You can help avoid becoming a victim of free cryptocurrency scams by being aware and cautious.
Stack Up your Wallets with Free Bitcoin
In a world of uncertain investments, there are few things better than free crypto. Crypto is generally high-risk high-reward but if you get it for free, you’re probably less worried about the risk. The trade-off is your time.
From participating in crypto faucets, mining cryptocurrencies, staking, airdrops and even playing blockchain games, you have many opportunities to earn bitcoin without making financial investments.
However, while it's essential to know how to earn free bitcoin, it is perhaps more important to learn how to invest your bitcoin in a prudent and strategic manner. Benzinga’s resources on how to trade crypto can help you understand how to invest your free bitcoin.
About Anna Yen
Anna Yen, CFA is an expert crypto writer with over two decades of professional finance and writing experience in roles within JPMorgan and UBS derivatives, asset management, crypto, and Family Money Map. She specializes in writing about alternative investment topics ranging from derivatives to cryptocurrencies. Her work has been published on sites like the crypto exchange Bybit. After six years of personal experience investing in crypto, she prefers BTC, ETH, and SOL.