The market for cryptocurrency has expanded tremendously since its start in the late 2000s, as well as the methods for earning coins. Mining can be a huge initial investment (up to a few thousand dollars), with a tonne of complicated equipment necessary (including a motherboard processor, a bunch of graphics cards, and more) with a good technical brain to boot. But luckily mining isn’t the only way to go anymore, and there seem to be more methods of earning crypto and Bitcoins than we can count. So, are you interested to learn how to earn bitcoin without mining?
With far less regulation than most industries, it pays to keep your eyes peeled for scams as you dive into the crypto world, so we always advise you to do your due diligence before buying into a good offer.
There are endless ways to earn Bitcoin from lending, to even playing games. In this article, we will show you the best ways to earn bitcoins without mining.
Bitcoin Games and Faucets
In this video, you can find the most recent games and faucets that can earn you Bitcoin without mining it!
If you want to earn money in the form of Bitcoin without even noticing you’re working, then games and faucets are one of the best ways to earn Bitcoin without mining. With absolutely no investment needed, you can spend hours enjoying yourself while earning your own Bitcoin. Games are a form of a faucet, though there are multiple types out there. Some great games include Bitcoin Bandit, where you earn more coins the higher ranking you get each round, others pay you more the longer you play.
Companies like this use ad revenue to pay their players and take the remaining profit. The more players, the more ad revenue, it’s win-win!
Other faucets come in the form of spin to win mini-games, or simply click and receive. Though most faucet sites use advertising to collect revenue, there are a few out there that have integrated mining scripts that use your CPU/electricity to mine for currency. If you find yourself on one of these sites, it might end up being more costly than its worth.
Bitcoin Rewards For Online Shopping
Much like rewards cards for supermarkets or airfare, there are a few different cash-back services for Bitcoin and other cryptocurrencies. If you find yourself shopping at places like best buy, Macy’s or Walmart for essentials regularly, why not start using a rewards service like Lolli and start earning Bitcoin while you shop. With hundreds of merchant partners, services like these will likely include all your regular shopping spots. There are a few companies out there, so we encourage you to research which ones cover your individual favorite stores to get the most out of.
Register to Lolli to earn free Bitcoin when you shop online!
You can usually earn extra coins when you refer your friends, and your free Bitcoin is released into your wallet either once enough coin has been accumulated, or a 30-day period has passed.
Earn Bitcoin By Surveys
Companies always need to do market research, and if answering questions about an ad, services or product is something you can do then you might want to start taking surveys in exchange for free Bitcoin. Depending on the company submitting surveys for you to complete, you can earn more or less bitcoin for your specific profile. For example, your age, location, and gender could all contribute towards how valuable your opinion is to a different company. Companies selling female clothing would be looking for women to take their surveys and vice versa.
There are multiple companies offering surveys in exchange for both fiat and cryptocurrency, but if you’re looking for Bitcoin specifically, then Time Bucks is a good example. This company in particular also lets you view videos, do searches on the web, and install apps, all in exchange for Bitcoin.
Sign up to Time Bucks here!
With these types of sites, there are usually earning maximums usually below $50 worth of Bitcoin per day, and it can take a long time to earn. You can also refer the site to your friends to earn extra.
Realistically, surveys aren’t the most profitable activity, however, if you find yourself with some free time, it can help you earn some extra Bitcoin on the side and give you some capital to invest in trading.
Another way how to earn Bitcoin without mining is to start lending your Bitcoin to other traders. For this method, you will need some capital to start with, however, it can be a great, low-risk way to earn more Bitcoin on your Bitcoin. There are dozens of peer to peer trading platforms that will act as a mediator between you and a borrower, all you need to do is lend your Bitcoin to a trader and get it paid back with interest once they have completed a trade.
Want to check out a good Bitcoin lending platform? Here is our review of BlockFi platform!
Some of the platforms you could look into lending with Bitcoin include popular exchange platforms such as Binance, BlockFi, or CoinLoan.
If you want to try Binance for free, click here to create your account!
Now, it pays to preface this section by saying I don’t advise anyone to use gambling as a source of income. Under the right conditions, and in moderation it can be a way to get Bitcoin, but you have to know the risks associated and proceed at your own risk.
Many crypto enthusiasts go as far as saying that Bitcoin/crypto gambling is the online gambling of the future. Though there are plenty of sites that offer fiat currencies, FortuneJack offers its rewards in Bitcoin and is generally regarded as safe and legitimate.
Offer Goods Or Services In Exchange For Bitcoin
If you have a service or product, you could look into offering them in exchange for Bitcoin, rather than normal currency. Some employers may even be prepared to pay you in crypto, and there are even some companies out there that only pay their employees in the form of Bitcoin. Freelancing online can be a great way to earn Bitcoin, either as a side hustle or if you gain traction, your full-time job.
The world of cryptocurrency has become a thriving community of innovators and pioneers, with new ways to earn coin and new projects popping up all the time, there’s no shortage of ways you can begin to collect your Bitcoin.
Once you have earned some crypto to work with, you can begin trading or investing and duplicate your earnings.
How can you exchange Bitcoin for free? You should definitely check out Shapeshift!
From lending to investing to playing games and completing surveys, there’s something for everyone, all you need to do is get involved. Hopefully, this article has helped you on your way to learning how you can earn Bitcoin without mining it, good luck!