Five Easiest Ways to Earn Bitcoin in 2020
It has been over a decade since Bitcoin came into existence. And the buzz around this cryptocurrency is yet to fade away. Anyone who knows about the potential of Bitcoins keeps trying to find out ways to somehow acquire them. People want to earn free Bitcoins instantly. But with their prices soaring higher by the day, it has become virtually impossible for people to earn Bitcoin without investment. But guess what, maybe they are yet to try all the methods. So here I am with some of the easiest ways to earn Bitcoin. If you want to know how to earn Bitcoins fast, this blog is meant for you; give it a read.
1. Bitcoin Faucets
Earning Bitcoins through the Bitcoin faucet is the easiest way to earn Bitcoin. Don’t worry; you need not be a crypto expert to earn free Bitcoins this way. All that you need is an email address and plenty of time at your disposal. After you’ve registered yourself on a Bitcoin faucet, you will have to solve a captcha and click on a button to claim your satoshis, which will be added to your balance. However, you will have to wait anywhere between 15 to 60 minutes in between each claim. So, I’d recommend you to keep switching from one site to another to stake a higher number of claims and earn free Bitcoins instantly.
You can, therefore, earn free Bitcoins for visiting websites. The process is quite simple without any catch as the sites generate revenue through advertising and distribute a fraction of their income with you.
2. Bitcoin Games
Did you know that you can also earn Bitcoins for playing online games? Yes, you read that right. There are many online games that reward players with small Bitcoin amounts. These sites mainly consist of advertisements, which makes them share similarities with Bitcoin faucets. When gamers play these games, they inevitably view many of these advertisements and also click on them. Thus, advertisers can reach a far higher number of people if they reward them with Bitcoins. If you want to learn how to earn bitcoins on android, maybe getting engaged in some of these games can help you with that.
If you want to earn Bitcoin without investment, trading isn’t the proper solution for you. Obviously, you will need to purchase Bitcoin first, but you can retrieve your investment through arbitrage. Crypto arbitrage is the process of buying a digital asset from an exchange and then selling it off for a higher price at some other platform. This way, you can earn Bitcoins for free by utilizing the difference that exists between your buying price and selling price.
Now this one’s purely based on your luck. Believe it or not, some companies pay their employees a fraction of their salaries in Bitcoin and other cryptocurrencies if they are requested for the same. However, to get paid in Bitcoin, you will first have to find an employer who is willing to pay you in Bitcoin. Nevertheless, getting paid in Bitcoin is an exciting proposition as unlike your traditional fiat currencies, the value of Bitcoin can multiply manifolds. So you could be effectively gaining much more than what the company has paid you.
Bitcoin mining is the oldest and one of the easiest ways to earn Bitcoin. However, let me tell you beforehand that earning Bitcoin through mining is going to be extremely resource-intensive. Normal computers won’t do it for you, and you will need at least a gaming computer to mine a Bitcoin. Also, your electricity bills would undoubtedly go through the roof. If you have enough funds, you can consider purchasing a mining machine. I have mentioned this option as it can help you earn Bitcoins fast. But if you want to know how to earn Bitcoin without investment, mining isn’t the ideal answer.
So, here were some of the easiest ways to earn Bitcoin in 2020. But before we wrap up, there are a couple of points that I wish to clarify. You’d see that I haven’t included gambling in the list. Also, I have placed mining at the end. The reason why I have excluded mining is that I don’t endorse jeopardizing your funds. Yes, you can earn free Bitcoins instantly if you indulge in gambling. However, you would still be gambling, and there’s no guarantee that your funds will be safe. Let alone earning free Bitcoins; you could end up losing the Bitcoins in your possession too.
If you've been thinking about how to earn Bitcoins on android, then your answer is online gaming. But that again would require you to keep yourself informed about such games. Also, the reward could be significantly low. As far as mining is concerned, huge mining farms have made it virtually impossible for commoners to mine Bitcoin and earn Bitcoin rewards. Moreover, it would require a lot of electricity and therefore, high hash power, which is usually out of reach of people who mine Bitcoins individually. You can try your luck with Bitcoin faucets, games, and crypto arbitrage if you want to earn Bitcoins fast. Let the professional miners mine Bitcoin. And if you were to take my advice, stay away from gambling.
Articles You May Read
- Do You Know How To Buy Bitcoins Anonymously In India?
- When Is the Right Time to Buy Bitcoin in 2020?
- Bitcoin vs Altcoins: Which will generate a higher ROI on your investment
About The Author
Sandeep Kumar MishraSandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.
Winklevoss Twin And Vitalik Buterin Share The...Jyoti Singh 06:13 AM 01 Jun 2020
Transaction Fees on Bitcoin Network Drops by ...Zain Raza 07:05 AM 01 Jun 2020
Bitmain Expands Maintenance Training Course t...Vandana Malik 09:57 AM 30 May 2020
Two Lawsuits Against Ripple's XRP Set to Merg...Zain Raza 09:58 AM 30 May 2020
Coinbase Custody Rolls Out Support for Ethere...Vandana Malik 09:59 AM 30 May 2020
Satoshi Wanted To Protect Network With GPU Mi...Jyoti Singh 10:00 AM 30 May 2020
Cyble Research Team Reveals Credit Cards Sale...Vandana Malik 10:02 AM 30 May 2020
The Onchain Signal That Triggered Bitcoin's 2...Jyoti Singh 16:21 PM 30 May 2020
New Legislation Means Virtual Assets in China...Zain Raza 16:13 PM 30 May 2020
MaiCapital Announces Launch Of Second Crypto ...Jyoti Singh 10:03 AM 30 May 2020