Primarily, to earn Bitcoin will either need trading or mining. But, both these activities are time-intensive, so there is a bit of luck to make money from these activities. Bitcoin has become quite challenging and tough to earn, hence you need to take benefit of some easy ways to earn it. Let us look at some avenues or services, which you may capitalize on and earn free bitcoin.
The trading platforms or other crypto products offers affiliate programs for the users. Such platforms pay the marketers for promoting their platform. This type of marketing is the best method to earn since it offers you with the Bitcoins and profits. There are many different platforms that provide such kind of services. You can earn profits just by making traders to sign up on the trading platform. The platforms offer you with the percentage of profits that are earned by the traders that you bring to them.
BTC mining is yet another way of getting free bitcoins. But, doesn’t matter how much profitable it appears, mining is the costly process and hardware dependent. It leads several miners to work out together & use the mining pool. As mining is the time-consuming and an expensive process, many people do not pursue this activity. But, if you are interested in mining, then here are a few platforms that you may start the journey.
Another best method a person can get free Bitcoins is from trading. There’re two different methods to make money from the given activity, it is, through arbitrage & speculation.
- Arbitrage –It is considered as the safest method to get Bitcoins through trading. It is selling & buying of the assets so that a person will take benefit of differing prices. An individual can purchase the Bitcoin and sell this immediately for the higher rate.
- Speculation –When compared to the given approach, it is a bit riskier. An individual can buy Bitcoins and wait until there’s the increase in price for selling this for fiat currency. If there is any drop in its price, a person tends to purchase more. So, in this way, this process will be repeated.
Shop to earn Bitcoins
It is by far the quickest method to get free BTC when you are spending money on internet. There are a few crypto reward applications from where you can easily earn Bitcoins for free for spending online.