Bitcoins continue to carve a name for themselves as valuable assets and currency. However, with their increasing demand, the price is high making them difficult to acquire.
This is why a hint of ways to earn bitcoins for free is welcome for many people. Since bitcoins are not like the physical currency that is handed over, one will need to have a bitcoin address where the free bitcoins will be sent to and held. Below is how to generate bitcoins for free.
Bitcoins can be divided into minute fractions of up to a hundredth of a millionth referred to as microBitcoins. Such microBitcoins can be used as tips. While a few generous tippers may tip up to to a whole or half Bitcoin, many prefer to tit in microBitcoins.
ChangeTip is one of the platforms that allow tipping with micro bitcoins. It works such that one posts content on the platform and the members determine whether they find it useful. If they do, they then tip the content creator some micro bitcoins. Independent bloggers can display their bitcoin address via a QR code that readers can use to tip as an appreciation for value delivered through the blog content.
Completing tasks on websites
Faucets are common in the bitcoin community. They are Bitcoin niche websites dedicated to rewarding visitors with bitcoin giveaways. Visitors are awarded free coins for completing simple tasks on the site. Such tasks could be merely visiting the page, filling survey questions, watching advertisements or reading content.
While some faucets have a predetermined fixed amount of coins that are awarded to visitors, others provide a rewarding range for specific tasks. Still, others reward visitors periodically, say, every 5 minutes, hourly, daily, weekly and so on.
Examples of faucets are Dicecoin.io, FreeBitco.in, Primedia and Crococoin. Some niche websites that are not exclusively faucets such as Datacoinz.com; also offer similar opportunities to earn free bitcoins. Completing tasks is a legitimate way to generate free bitcoins, but it is time-consuming and has low returns.
Accepting bitcoins as a means of payment
Many merchants, both online and brick and motor, are now integrating bitcoins in their payment methods. Traders register for a free bitcoin wallet that provides them a bitcoin address. The bitcoin address is then displayed as a QR code, and the merchant can notify their customers that they accept bitcoins. Therefore, instead of receiving regular currency, customers can make payments with bitcoins.
Trading in bitcoins
This approach is not entirely free because one needs to invest in some bitcoins at the beginning. Although at the beginning one incurs an investment cost, this method of earning bitcoins is strategic and has higher returns. Bitcoins prices are continually changing. When there is an uptrend, previously bought bitcoins appreciate in value.
Gambling sites such SatoshiDice have a provision for players to place their bets on bitcoins and payout winnings with Bitcoins. Just like any other form of gambling, there are no guarantees for a win. That notwithstanding, some people are eager to try their luck.
When looking for an ideal method of how to generate bitcoins for free keep in mind that it is not entirely free. It is said there is no free lunch. Similarly, even in the case of earning free bitcoins, one will have to give something to get something. Only that in this case the stakes are low therefore it may feel like the bitcoins were offered for free.