Since being created almost 11 years ago, bitcoin has been on a roll. The price for a single bitcoin increased from a few pennies to almost $20,000 in less than 7 years, making it one of the best-performing assets in history. And a number of analysts believe the price will only continue to increase as time goes on.
So it’s understandable that many people want to get their hands on some bitcoin. But some people don’t want or can’t afford to pay so much. So how can you earn free bitcoin?
We’ve compiled a list of the best ways to earn free bitcoin in 2020. And while there may be no free lunches, there are some ways to get bitcoin for free.
Lolli is without a doubt the best way to get free bitcoin in 2020 (okay, we're only slightly biased 😉). Most other ways of getting free bitcoin take a lot of time - we're guessing you'd rather be doing something else.
Lolli actually allows you to earn bitcoin by doing something you already do: shopping. And besides earning you bitcoin, it can actually save time too.
For example, maybe you never thought about doing your grocery shopping online, but you actually can. More and more people are doing, and with Lolli, you can earn bitcoin just by grocery shopping!
Our range of online partners sell almost anything you can imagine. They have agreements with Lolli to pay a referral bonus for customers Lolli sends their way - we split that bonus with our customers.
You do have to wait until the returns period passes in order to withdraw your earnings. This can take up to 90 days. But once your funds are available, you can either withdraw or sell your bitcoin!
Most people like to hang onto their bitcoin; unlike dollars or other paper monies, bitcoin's value is designed to appreciate, not decease, making it a good investment.
Bitcoin faucets are websites that dole out free bitcoin, usually in exchange for clicking ads or performing some other menial tasks. Basically, the website owner gets some kind of a bonus for you clicking an ad or doing some other kind of activity and then shares a percentage of the earnings with you in the form of bitcoin.
These tasks can be tedious and often involve lots of annoying pop-up ads, plus the amount of bitcoin you earn is typically small. They are popular in countries where the hourly wage is less than a dollar, though.
Some are fun though — there is one faucet that has a trivia game, where you can win a small number of satoshis (one bitcoin is made up of 100,000,000 smaller units called satoshis) for being the first to answer a question.
Some faucets use video games: when played users earn small amounts of bitcoin. Other activities include downloading apps, filling out surveys, and registering for free trials for various services.
Faucets might be a good way to make a few bucks while watching documentaries or doing something else at the same time, but you probably won’t want to quit your day job. Also, be aware that many faucets have minimum withdrawal amounts, so you may have to spend many hours clicking through ads before you can even withdraw a few dollars worth of bitcoin.
On the bright side, those few dollars worth of bitcoin may be worth a lot more than what you got them for originally.
Many bitcoin exchanges and other websites will give you referrals for sending them customers. To do this, you will get a special referral link which is usually generated on the website. By sharing this your code with others, you can earn small amounts of money for every person that signs up or uses the service with your link.
For instance, Binance, one of the largest crypto exchanges in the world, gives users a percentage of any fee the person they referred paid when using Binance. Users can get up to 40% from their referred partner and they can choose how much they wish to share back with their friends.
Coinbase Earn is a program to increase awareness about cryptocurrencies by paying people to learn about them. All you have to do is read some information on the cryptocurrencies, and pass a quiz based on the info. You can currently earn up to $166 worth of cryptocurrency for learning about all of the quizzes, and you can then easily exchange these cryptocurrencies for bitcoin through your Coinbase account.
New cryptocurrency projects are popping up all the time, and they need to do advertising. There are a number of popular cryptocurrency forums where enthusiasts gather to discuss bitcoin, bitcoin-related businesses and topics, and other cryptocurrencies.
When you create an account on one of these forums (the most popular is BitcoinTalk), you have the option to add a signature to your account. Each time you make a post on the forum, your signature will appear.
Some advertisers will pay good money for your signature. How much money depends on how many posts you make. It typically isn’t much, but it can be a great way to earn some free bitcoin while learning about and discussing bitcoin. If you already are active in forums or plan to be, this is a good option.
Do you have a hobby? Maybe something you are really good at? Or maybe a topic you are really passionately interested in?
By creating content about something you already do, there is a possibility you could earn free bitcoin. The internet is a very big place, and no matter how obscure your passion is, there’s a chance that there are other people who share your interests.
If you start creating you can start earning- add your bitcoin address to your blog, videos, or other content and people may donate if they like your content.
This is a great way to share your passion with the world and get some free bitcoin while you’re at it!
Next steps: follow us on Twitter @trylolli!
The Lolli Team