How to earn free bitcoins in 2020
A beginners guide to cryptocurrency, including how to earn free bitcoins from faucets, surveys, lotteries, mining & games and other online sources.
Is it really possible to earn free bitcoins online?
If youre looking to take your first steps into the mysterious world of cryptocurrency and lay your hands on some free coins then this guide is for you.
We'll also be asking one of the most frequently asked questions: is it really possible to get free Bitcoin, or other cryptocurrencies such as Ethereum, Litecoin, Dash, Bitcoin Cash or any one of the dozens of other digital coins that are now circulating, online?
The short answer is yes, it definitely is possible. There are a number of different methods of earning free cryptocurrency, including bitcoin faucets, surveys, lotteries, and earning portals.
How much can I earn?
How much you earn will depend on the time you put in. Faucets, for example, pay small amounts of crypto in return for the ad revenue they generate from your visit.
It will take quite a while to collect enough 'dust', as it's called to make it worthwhile, but claiming yourself and building referrals can be a good starting point in the world of cryptocurrency.
The other advantage of faucets is that you don't have to shell out any of your own cash to get involved. They are completely risk-free.
This can be more profitable, but takes time and it can sometimes be hard to qualify for them. That said, the payouts can be quite generous and if you devote some time to it, you can earn a bit of extra cash.
One of the best survey sites right now is Cointiply. In addition to surveys, it also features a faucet, paid to click ads and several others ways to earn bitcoin. They pay out regularly as well.
Before you start collecting, heres a few things youll need to consider
A word about wallets
As we've already mentioned, youll need to set up wallets to receive your freshly minted currency before you start visiting faucets. You need different wallets for each currency you intend to collect.
There are numerous wallet options available and you can spend ages trying to figure out which is the best for you, so Im not going to bombard you with a complete list here.
All you really need as a beginner is reputable and secure place to store your coins thats going to be easy to use and not bombard you with too much technical information.
A good starting place is Coinbase. You can sign up for free to begin receiving Bitcoin, Ethereum and Litecoin immediately and there's also an intuitive mobile app.
- Coinbase is quick to set up and easy to use. It provides you with online wallet address for three major currencies
You can also buy additional coins using a credit/debit card instantly, subject to transaction fees, and send coins to other people.
The interface is very straightforward and features live values for your coins which will rise and fall in tune with the market. It gives you wallet addresses for each of the currencies which you can copy and paste into the various accounts youll use.
Make sure your antivirus software is up to date before you get started, just to be on the safe side.
Get rich quick offers
During your crypto travels youll be bombarded with adverts promising riches beyond your wildest dreams. Headlines such as Double Your Bitcoin in Two Days are everywhere, but like everything in life, if it sounds too good to be true it probably is.
Remember, Bitcoin is money. If someone told you about a reliable way of doubling your money in two days would you believe them? No, you wouldnt. Dont get caught up in the hype - give these sites a wide berth.
Quick start guide to Bitcoin faucets
1. Set up a wallet account with Coinbase, or wherever you prefer, and copy the Bitcoin address it supplies you with. Do the same for other coins.
2. Set up an account at a faucet manager such as CoinPot (details below) or any other microwallet service and paste your wallet address where prompted.
3. Visit a faucet site, enter the wallet address for the coin it's paying and make a claim. You money will automatically be sent to the associated microwallet through the linked address.
4. Your coins should appear in your microwallet almost instantly (if not, the faucet may have run dry, ie exhausted its supply of coins).
5. When you reach the cash out amount set by the microwallet you can withdraw your coins to your wallet at Coinbase, or wherever it's located.
6. Sit back and count your coins!
Explainer: What are free Bitcoin faucets?
Free bitcoin faucets are websites that reward you with a few free Satoshis (fractions of Bitcoin) in return for your eyes on their advertising.
The reason they do this is because they hope that by incentivising you to visit with a small payment will lead you to click on the ads and make the site owner money.
There is little effort involved making it one of the easiest ways for those new to the world of cryptocurrencies to collect their first coins.
It's important to emphasise that using faucets is completely free. If you're ever asked to pay for anything at any point while you're collecting leave the site as it's likely to be a scam.
The only 'cost' you'll encounter is the mining fee for transferring Bitcoins to your wallet. Generally only smaller transactions of less than 50,000 Satoshi will be charged.
This fee is imposed by Bitcoin miners in return for processing transactions and is taken from your existing pot.
Start earning instantly
You can start earning instantly and it wont be long before youve amassed enough to transfer to your wallet. The sums collected from each individual faucet are often referred to as dust because they are so negligible so youll have to quite a bit of clicking first.
They are broken down into Satoshi for Bitcoin, Litoshi for Litecoin and Gwei for Ethereum. In Bitcoins case, 1 BTC = 100,000,000 Satoshi.
Despite the tiny rewards, faucets are a great introduction to the various coins out there and with enough time and patience it is possible to collect a few /$ worth of digital currency absolutely free.
And with the meteoric rise in the value of some cryptos over recent years its possible that your haul will rise significantly in value over time (relatively speaking!). But heres the caveat to all investments - the value of your investment can go down as well as up!
A Captcha in the Rye
Many sites require you to fill in a least one Captcha (Completely Automated Public Turing test to tell Computers and Human Apart) anti-bot check.
Youll have to either type in a series of words or click on multiple images in order to make your claim.
Youll come across various different anti-bot checks, such as having to answer simple questions or converting numbers into Roman numerals. Youll quickly learn how to navigate these small challenges.
One thing youll discover is that there are thousands of faucets out there, each paying out tiny amounts of currency per claim.
It can be a bit overwhelming at first and your browser will soon be groaning under the weight of all the open faucet sites you're trying to keep track of.
Most faucets follow a fairly set pattern - enter wallet address, click on a Captcha, shut down pop-up, click Captcha again, go to a redirect screen, complete another anti-bot test, click 'claim' and voil!, your coins are on their way.
Keeping track of everything quickly becomes a challenge, particularly as the tiny payments are too small to do anything with on their own. This is where faucet managers can help. They allow you to collect all these tiny pieces of cryptocurrency together into one, easy to manage pot.
Youll need to collect enough to reach a minimum withdrawal threshold, often 10,000 - 20,000 Satoshi in the case of Bitcoin, but this is much easier when your coins are funnelled into one convenient place.
Avoid the slog
Most faucet sites are linked to one faucet manager or another (some both) and transfer your coins instantly. However, you will come across the odd faucet that has its own payment threshold and pays directly to your wallet but it can become a real slog trying to make the threshold on these sites.
Even with faucet managers youll need to put in a fair bit of time before you collect enough coins to withdraw, especially as the amount paid out by faucets fluctuates depending on the underlying market price of the coin youre collecting.
Payouts can vary from 2-100 Satoshi, or 1000-2000 Litoshi depending on current prices so its worth hunting around to find the best playing faucets at any given time. You also need to balance the payout with how much effort you need to be put in to get it - ie how many Captchas you need to fill in and pop-ups/unders you need to dodge.
There are a few different managers out there, but the most recommended one at present is CoinPot. This is what the GUI looks like:
This is a great starting point for the novice coin collector. Im a big fan of It features an easy-to-use interface and great flexibility. CoinPot enables you to collect Bitcoin, Bitcoin Cash, Litecoin, Dash and Dogecoin, together with it in-house CoinPot Tokens all under one roof.
There's also the facility to use your browser to mine coins, but unless you've got a high-powered set-up then don't expert to earn a huge amount.
It also offers the rather natty feature of allowing you to convert between your collected currencies.
Remember, youll need a wallet address to link the faucets to your CoinPot account and to withdraw your coins to once you reach a certain threshold.
There are a limited number of sites connected to CoinPot, but the ones that are pay well and are easy to use and reliable.
CoinPot itself pays out quickly when you reach the threhold and decide to withdraw your coins.
The CoinPot faucets are:
Bit Fun also offers a number of other ways of earning some coins, including surveys which can pay particularly (relatively speaking!) well - you can easily earn 15,000 - 25,000 satoshi for completing one which takes about 20 minutes.
If you decide to go down this route its best to be honest with your answers as there are several check questions along the way to ensure youre not trying to game the system. However, its always wise not to give away too much personal information online.
Some surveys can be quite painstaking to complete but the rewards/time spent often far outweighs the time you spend clicking on faucets.
The three Moon sites also offer a loyalty scheme where you gain a 1% bonus to your faucet claim for each consecutive day you visit, up to a maximum of 100% of the payout value.
The payouts generally appear in CoinPot almost instantaneously but you may have to wait several days before youre able to withdraw the coins. This is part of the checking process to ensure you are a real person and not a bot.
Rotators, like a record baby
As Ive said already, there are thousands of faucets out there and clicking through hundreds of tiny tabs on your browser can be a real ball ache.
One solution is to use a faucet rotator. This allows you to cycle through a selected range of faucets within a frame in your browser so you only need one tab open.
However, faucet owners often code their sites so they cant be used within rotator applications as they often disable much of the advertising that makes them pay.
Rotators can be hit and miss and not the most reliable way of efficiently collecting coins.
Cold, hard cash... or dust
Its worth remembering that despite the almost mythical status of cryptocurrency at the moment, its a currency like any other.
That said, even though you wont make your fortune from collecting free coins. As to whether it turns out to be worth more or less than it is now remains to be seen.
Certainly with Bitcoin, and some other currencies, there is only a finite number that will ever be mined. In Bitcoins case this is 21,000,000.
So in the distant future its possible that your handful of Satoshi may turn out to be collectible, either that or dusty pieces in a digital museum somewhere.
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