How To Earn Free Cryptocurrency In 2020?
Earn what there is to earn & spend what there is to spend
– a wise man on the internet.
Don’t think too hard about this saying because if you aren’t from the cryptosphere, you won’t be able to get your head around it.
But for the crypto people, it is an easy saying to interpret.
It merely means spend fiat first. After all, fiat currencies like USD or EUR should be spent first and Bitcoin earned & HODLed.
Those who are doing reverse are doing it wrong !!
But the fact you are reading this tells me you aren’t one of those wrongdoers and want to earn some free bitcoins aka #stackingsats
I must say to you;
You are in the right place because so far I have explored tonnes of methods to earn bitcoins & cryptocurrencies, and in this guide, I am going to share how you too can get bitcoins & crypto for free??
How To Earn Free Bitcoin (Cryptocurrency) Online In 2020
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#1. YouHodler [Recommended]
YouHodler is an interest generating machine, but this method works best for those who already have some stablecoins like USDT and is a popular crypto interest account to earn free Bitcoin too if you have Bitcoin already
YouHodler is a cryptocurrency lending platform that lends and borrows cryptocurrencies. So if you are someone who has extra USDT that you want to give to YouHodler in return of 12% annual interest on it, this is the way to go!!
By lending USDT to YouHodler, you will earn interest in USDT depending upon how much you are lending to YouHodler. You can do the same for BTC but the interest is around 4% which is much more than negative or zero interest rates.
Conversely, at YouHodler, you can get loans up to 30,000 USD in cash-flow now for tenure up to 120 days. The interest rates vary for different currencies but are still the best in the industry.
Lastly, you can get a loan upto LTV of 90% which is the highest in the market. Also, receive some additional days to pay off your loan if you register using this promo link of ours.
Make sure to get your $25 as a welcome bonus reward when you take a loan worth $100 or more using this promo link of ours.
Want to try cryptocurrency mining without investment?
This option is for you.
Honeyminer is a crypto mining software that makes it easy for anyone to mine cryptocurrencies just with a computer.
When you join the Honeyminer community and install the software, it harnesses your CPU & GPU power to mine various cryptocurrencies on your running machine.
Next up, honeyminer converts these mined cryptocurrencies into Bitcoin, and your share of bitcoins start getting reflected in your honeyminer account.
Your share of Bitcoin is decided in the proportion of mining power you have contributed for the period your honeyminer software was ON.
Earnings depend on the power of your graphics card as well as overall market conditions. Newer PCs can make anywhere from $15-$75* per GPU per month. See the potential of your earning through this calculator if you HODL based on annual bitcoin growth rates.
With Small Investment
Honeyminer is making cryptocurrency mining accessible to the masses and you need not buy expensive GPUs or CPUs to start mining cryptocurrency if you buy Hotel Honey™: Access on-demand GPUs to mine cryptocurrencies.
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Earn up to 30% back in bitcoins (BTC) when you shop online through the Lolli app.
Right now Lolli partners with 500+ online retailers where you will find everything you need. From men’s, children’s and women’s clothing, accessories, and shoes to home décor, electronics, toys, hotel bookings, flights, and more.
Lolli is a reward paying app that pays you bitcoins when you shop online through it.
The concept of Lolli is quite straight forward. Lolli partners with numerous online retailers and when you shop at these retailers, Lolli gets a commission. From this commission, Lolli pays you back in bitcoins.
This is called Bitcoin cashback, and this is your savings too. After all, money saved is money earned.
Thus Lolli has dual implications.
First, when you shop through Lolli, you get a discount, and second, you get your hands on Bitcoin without making any risky investments.
Related: Lolli-Now Anyone Who Can Shop Online, Can Earn Bitcoin !!
#4. Crypto Trading
First things first:
Crypto trading isn’t for everyone and it is riskier than traditional trading because crypto is still hyper-volatile. But if you still want to get your hands dirty, remember the golden rule of “buying low and selling high”.
It isn’t easy as it looks. That’s why I suggest you subscribe to some of the best-automated crypto trading bots that integrate with different crypto exchanges to do the trading for you.
Or else, you can buy SETs from SET protocol according to the strategy you want to simulate for a particular asset or group of assets.
Lastly, if you are comfortable designing your strategies and reading charts of various cryptocurrencies, you should join these exchanges for getting started:
Note: If you are interested in crypto trading, check out some of the best cryptocurrency and Bitcoin trading platforms here.
Purse.io is another shopping app that allows you to save your bitcoins and after all, Bitcoin saved is Bitcoin earned.
So if you have bitcoins already which you want to spend and if you are planning to buy something from Amazon, Purse.io is the way to go.
That’s because Purse offers you more than a 15% discount when you buy anything from it by paying in Bitcoin. So this way you get to save some bitcoins also and get the assurance of Amazon via Purse.
For example, if you are spending 1 BTC worth of dollars on Amazon, you may decide to spend it through Purse and still be left with 0.15 BTC because of the discount Purse is offering
#6. Coinbase Earn
Coinbase Earn is a new initiative by Coinbase, which is one of the best crypto brokers internationally to buy Bitcoin & Ethereum like cryptocurrencies.
Through Coinbase Earn, Coinbase is promoting crypto education. And incentivizing people to earn cryptocurrencies by making them learn about different crypto assets.
To get started, you need to sign-up to Coinbase using this link and follow this process:
- Watch educational videos related to different cryptocurrencies.
- After the video, take a quick quiz to test your knowledge.
- Receive that particular crypto in your Coinbase wallet for every quiz you complete.
That’s it. Sign-up now and start today.
In my opinion, this is the most lucrative way of earning cryptocurrencies. And right now Coinbase provides learning the material on Stellar, Zcash, Basic Attention Token, & 0X like cryptocurrencies.
PS: You can earn more than $60 in crypto within 20 minutes for using Coinbase Earn.
Earn.com is a subsidiary of Coinbase which makes it possible to monetize your email ID with crypto and thus making it easy for you to earn Bitcoin-like cryptocurrencies.
You can integrate Earn with your email ID which will act as a filter for the emails sent to you. By integrating Earn, you can choose to reply to an email if the monetary value attached to it makes sense for you to reply.
On the flip side, you can also complete micro-tasks that are sent to you, and you will get the promised amount post completion of the task.
In both these cases, you will earn bitcoins.
To get started here, you need to sign-up using your email ID and complete your profile by providing minimal personal information which takes a day for verification.
Upon verification, you can also use digital currencies like BTC or ETH to send and receive targeted, paid microtasks.
Publish0x’s tagline is ‘earn cryptocurrency for blogging’ which is self-explanatory.
I have used Publish0x twice. So far have found it useful and easy to use as Medium.
Publish0x is a crypto agnostic platform that rewards both authors and readers. Readers have the option to send a micro tip to the authors and get a portion of the tip for themselves.
For example, you are a reader, and there is a tip of 10 BNT tokens on a specific article. When you tip the author for this article, you can decide how much percentage should go to him and how much should go to you for reading it.
And the best part is that tips are free for both reader and author and come from Publish0x’s rewards pool, which is unlike other projects.
That’s why readers can tip freely anyone and authors can expect that some readers will definitely tip them for creating the value on the platform.
PS: There are no ICOs or no native tokens of the Publis0x platform.
So simply earn crypto
Cent is an income-generating social network, enabling anyone to earn money by sharing their wisdom and creativity.
Some of you might think, it is a content monetization platform, but it is not just that. Cent is the natural evolution of social networks into income-generating networks.
At Cent, you can ask someone a question or ask for feedback or ask for a favor or ask someone to do something for you by providing them the incentive to do so.
The original thought behind Cent is to incentivize all the things we do right now on centralized social networks like Facebook or Twitter. i.e., to incentivize people to react to content or make content. Moreover, in a decentralized way.
Cent has its native currency CENT, which is an ERC20 token used for incentivization or keeping bounty and the proud uses of Cent call themselves Centians.
Thus this way you can earn CENT like cryptocurrency which you can convert later into your favorite crypto.
If you want to know, ‘how to earn cryptocurrency by watching videos?’ then this section is for !!
BitTube, a revolutionary video streaming platform, makes this possible where one can earn cryptocurrencies just by watching videos.
Isn’t it amazing?
At least to me it.
I found out about BitTube in 2018 when it was known as IPBC, later they rebranded for good and now are pioneering the video streaming concept with cryptocurrencies.
If you are a viewer, you can earn TUBE cryptocurrency for viewing videos on BitTube. This is feasible because when you watch videos on BitTube, a portion of your computing power goes into mining TUBE currency. Thus you are awarded based on the time you invested in watching the videos. This is also known as AirTime.
For publishers, they can publish their videos on the BitTube platform and expect to get a share of TUBE coins mined via the amount of AirTime a viewer invested in their video.
Both publishers and viewers get the TUBE currency in their BitTube crypto wallet which they get after singing-up the BitTube platform.
So, if you are someone who is already posting videos on YouTube, you can take your videos to BitTube, where you will be able to monetize it using TUBE currency.
PS: Don’t forget to download Brave Browser, BitTube works best in Brave Browser.
#11. Host A Lightning Node
Hosting a Bitcoin lightning node is another easy way of earning Bitcoin.
For those, of you who don’t know, lightning is the second layer solution of scaling Bitcoin. Here is a detailed guide on it: Bitcoin Lightning Network Explained [Simply]
The lightning network has multiple hops or nodes over which bitcoins travel without touching the underlying Bitcoin blockchain. So for doing this routing work and providing user experience, these nodes may charge a routing fee for sending bitcoins from one LN node to another.
That’s why by hosting one such lightning node or hub, you can also start earning bitcoins easily.
Moreover, the lightning network is free to use. Anyone can install lightning software to host a lightning node with enough capacity on its rout payments thereby earn bitcoins.
If you love video making and appreciate the lightning network, you are going to love this.
Meet LightTube, powered by the lightning network; allows video creators to monetize their work for bitcoins over the lighting network.
This tech has enormous implications as it can be one of the first LN applications where Bitcoin is streamed in real-time according to the time the consumer airs the video.
Right now, it takes a lump-sum amount initially to give you access to the video that a consumer wants to watch. So if you want to earn bitcoins this way, you can start publishing your videos on LightTube.
If you like writing and love Bitcoin’s lightning network, Yalls is for you.
Yalls is a crypto blogging platform where you get bitcoins for writing your content. You can monetize your content using the Bitcoin lightning network, and readers can pay through lightning BTC for the content behind the paywall.
Yalls is a test case for the lightning network but has been well received by the community.
The discussions on Yalls are mainly around Bitcoin and lightning networks because not every average joe can use lightning wallets as of now.
But in any case, it is an excellent way to monetize your content and earn bitcoins on the lightning network.
Yours is another way of monetizing your content for earning cryptocurrencies.
It is a crypto blogging network where you can blog about various subjects under the sun and get paid for creating value. Right now the categories on Yours are, general, fiction, crypto, charity, art, music, science, etc.
As of now, Yours support Bitcoin SV for creators. Moreover, even the curators, commenters, editors, and moderators are fairly paid on Yours, which is missing on Yalls.
#15. Work For Crypto (Freelancing)
Working for crypto is the easiest way to earn cryptocurrency and no wonder, it is common sense.
You can earn bitcoins or crypto, by doing what you already do for a living. If you are a writer, write for crypto. If you are a designer, design for crypto, if you are any freelancer, do it for crypto, and you will see you will amass a lot of cryptocurrencies.
You can join platforms like Bounty0X, Jobs4Crypto, CryptoJobs, Angel.co, or cryptogrind to find relevant work and get paid in cryptocurrencies.
#16. Staking & Masternode Hosting
Another cool way of earning cryptocurrencies is through staking them or hosting masternodes of particular cryptos.
But this method works only when you are ready to make an upfront investment because for both, staking and masternode hosting you need the relevant cryptocurrencies.
For example, if you buy Neblio currency, you can stake it on your computer or laptop. And expect to earn an extra 10% NEBL tokens annually on your existing holdings by staking it.
On the other hand, if you want to host a masternode, you need to buy a masternode supporting currency like DASH and satisfy the minimum masternode criteria for hosting it.
For example, for hosting a DASH masternode, one needs to have a minimum of 1000 DASH coins. After which when one hosts the masternode for processing transactions, one can expect a 45% transaction fee paid in DASH is given to the host for hosting the masternode.
Cryptocurrency mining is another way of earning cryptocurrencies. But mining isn’t everyone’s cup of tea and shouldn’t also be!!
Mining is energy and cost-intensive process of bringing new coins in the free market place whether it be Bitcoin, Litecoin or Ethereum.
In the early days of Bitcoin, it was easy to mine Bitcoin through CPUs. But nowadays you have specialized mining farms with thousands of ASIC miners mining various currencies.
Of course, some people preach subscribing to cloud mining services like Genesis mining. But according to our research, we haven’t found such options much beneficial for earning crypto.
#18. Crypto Arbitrage
Cryptocurrency arbitrage is for brave users.
For those of you who don’t know, arbitrage is an act of buying something from one place and selling it somewhere else for a higher price. The difference in price is the profit you make.
A similar thing when done for crypto is called crypto arbitrage trading. The profit margin you make can be re-invested in buying any other cryptocurrency. Thus it is akin to earning extra crypto for leveraging your price awareness.
But crypto arbitrage isn’t as simple as it looks.
You need to be very brave and swift to pull off meaningful crypto abitrage because if you are slow, the spread might not remain meaningful, or the exchange might go for maintenance leaving you with a bag of crypto.
That’s why for engaging in this way of earning crypto, we suggest you look at some of the best crypto arbitrage bots to help you make the most out of your efforts.
#19. Gaming & Gambling
Many of our readers have emailed and asked ‘how to earn bitcoins by playing games?’
For them, we want to tell that Yes, it is accessible to earning crypto or bitcoins by playing games but not all crypto games are made the same. Some of them are a scam too, so we request you to be cautious while exploring this option.
Another way of earning BTC and cryptocurrencies is through gambling games, while most of the scams happen here but some are more reputable also like SatoshiDice.
Conclusion: Best Way To Earn (Get) Bitcoins
I know you must be confused now, as what’s the best way to earn bitcoins or cryptocurrencies?
In my opinion, you should start small and that too without any investment to earn crypto.
So shopping apps like Lolli or Honeyminer are your best and the most risk-free options to start earning bitcoins or cryptocurrencies, after all, who doesn’t shop online these days !!
Now you tell us: Which method you will be adopting to earn cryptocurrencies like BTC or ETH? Have you tried any of these ways in the past? Do share your story with us in the comments section below or feel free to shot any question, we are happy to help 🙂
With the recent rise in prices of bitcoins, it is exciting for me to earn free bitcoins from these tools…