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Earn Free Bitcoin with These Simple and Fun Methods - CryptoNews



How to Earn Free Bitcoin in 2021: 4 Clever Ways




Bitcoin is the most popular and valuable cryptocurrency in the world, with a market capitalization of over $1 trillion as of June 2021. But did you know that you can earn free Bitcoin without investing any money or mining any hardware? In this article, we will show you four clever ways to get free Bitcoin in 2021, along with their benefits and risks. Whether you are new to crypto or already own some Bitcoin, these methods can help you increase your digital wealth and learn more about the exciting world of cryptocurrencies.


Introduction




What is Bitcoin and why is it valuable?




Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. Unlike traditional currencies, Bitcoin is not controlled by any central authority or intermediary, but rather by a network of computers called nodes that verify and record transactions on a public ledger called the blockchain. Anyone can join this network and participate in the Bitcoin economy by running a node, sending or receiving transactions, or mining new Bitcoins.




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Bitcoin is valuable because it has several unique properties that make it attractive as a form of money and a store of value. Some of these properties are:


  • Scarcity: There will only ever be 21 million Bitcoins in existence, making it a limited and deflationary asset.



  • Divisibility: Each Bitcoin can be divided into 100 million units called satoshis, making it easy to transact with small amounts.



  • Portability: You can send and receive Bitcoins anywhere in the world with just an internet connection and a wallet address, without needing any intermediaries or intermediaries.



  • Censorship-resistance: No one can stop, freeze, or confiscate your Bitcoins without your consent, as long as you keep your private keys secure.



  • Transparency: All transactions on the Bitcoin network are public and verifiable, making it possible to audit the supply and movement of Bitcoins.



How can you get free Bitcoin?




There are many ways to get free Bitcoin, but not all of them are legitimate or worth your time. Some methods may require you to invest some money upfront, while others may expose you to scams or malware. Therefore, you should always do your own research and use caution before trying any method that promises free Bitcoin.


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In this article, we will focus on four clever ways to get free Bitcoin that are relatively easy, safe, and fun. These methods are:


  • Use a crypto credit card



  • Earn interest on Bitcoin you already own



  • Play free games



  • Take advantage of airdrops



<p. Use a crypto credit card




One of the easiest ways to earn free Bitcoin is to use a crypto credit card. These are cards that allow you to spend your crypto or fiat currency and get rewarded with a percentage of cashback in Bitcoin or other cryptocurrencies.


What are crypto credit cards and how do they work?




Crypto credit cards are payment cards that credit rewards in crypto. It could be a debit or credit card. It may facilitate crypto or fiat transactions, or both. Some crypto credit cards require you to stake or lock up a certain amount of their native tokens to access higher rewards or perks. Others are more flexible and let you choose which crypto you want to earn as cashback.


To use a crypto credit card, you need to link it to a crypto wallet or an exchange account, where you can store and manage your crypto assets. Depending on the card, you may be able to spend your crypto directly or convert it to fiat currency before making a purchase. You may also be able to top up your card with fiat currency from your bank account or another payment method.


What are the benefits and risks of using crypto credit cards?




Some of the benefits of using crypto credit cards are:


  • Earn passive income: You can accumulate Bitcoin or other cryptocurrencies without having to buy them or trade them. You can also benefit from the price appreciation of your crypto rewards over time.



  • Enjoy discounts and perks: Some crypto credit cards offer discounts, rebates, or free access to various services, such as streaming platforms, travel bookings, airport lounges, and more.



  • Support the adoption of crypto: By using crypto credit cards, you can help increase the demand and acceptance of cryptocurrencies as a form of payment and reward.



Some of the risks of using crypto credit cards are:


  • Volatility: The value of your crypto rewards may fluctuate significantly depending on the market conditions. You may end up earning less than you expected or even lose money if the price of your crypto drops.



  • Fees: Some crypto credit cards may charge fees for transactions, conversions, withdrawals, or maintenance. These fees may eat into your profits or even outweigh your rewards.



  • Regulation: The legal status and tax implications of using crypto credit cards may vary depending on your jurisdiction. You may need to comply with certain rules and regulations and report your income and expenses accordingly.



What are some of the best crypto credit cards available?




There are many crypto credit cards available in the market, but not all of them are equally reliable, secure, and rewarding. Based on our research, here are some of the best crypto credit cards you can consider in 2021:


Card Cashback Rate Supported Cryptos Fees Perks --- --- --- --- --- Crypto.com Visa Card Up to 8% 20+ None Free Netflix, Spotify, Airport Lounge access, etc. Coinbase Visa Card Up to 4% 9 None Spend directly from Coinbase account Gemini Mastercard Up to 3% BTC, ETH, SOL and all Gemini-listed coins None Real-time rewards redemption Uphold Card Up to 2% (XRP) 200+ None Spend directly from Uphold account Shakepay Visa Card Up to 2% (BTC) BTC, ETH None Available in Canada To learn more about these and other crypto credit cards, you can visit their websites or read our detailed reviews.


Earn interest on Bitcoin you already own




If you already own some Bitcoin and want to make it work for you, you can earn interest on it by depositing it into a crypto savings account. These are accounts that pay you a fixed or variable interest rate for lending your Bitcoin to other users or platforms.


What are crypto savings accounts and how do they work?




Crypto savings accounts are services that allow you to earn interest on your crypto assets by lending them out. You can think of them as similar to traditional savings accounts, but with higher returns and more flexibility.


To use a crypto savings account, you need to deposit your Bitcoin into a platform that offers this service. The platform will then lend your Bitcoin to other users who need liquidity, such as traders, borrowers, or institutions. In return, you will receive a portion of the interest that the platform charges from the borrowers. The interest rate you earn may vary depending on the platform, the market demand, and the duration of your deposit.


What are the benefits and risks of using crypto savings accounts?




Some of the benefits of using crypto savings accounts are:


  • Earn passive income: You can generate a steady stream of income from your Bitcoin without having to sell it or trade it. You can also compound your earnings by reinvesting them into the same or different platforms.



  • Enjoy flexibility and convenience: You can deposit and withdraw your Bitcoin at any time, without any lock-up periods or penalties. You can also choose from different platforms and interest rates that suit your preferences and risk appetite.



  • Support the crypto ecosystem: By lending your Bitcoin, you can help provide liquidity and stability to the crypto market, as well as enable more users to access and benefit from crypto services.



Some of the risks of using crypto savings accounts are:


  • Volatility: The value of your Bitcoin may fluctuate significantly depending on the market conditions. You may end up earning less than you expected or even lose money if the price of your Bitcoin drops.



  • Counterparty risk: The platform that you deposit your Bitcoin with may not be able to repay you in full or on time, due to technical issues, hacks, insolvency, or fraud. You may lose some or all of your Bitcoin if the platform does not have adequate security measures or insurance coverage.



  • Regulation: The legal status and tax implications of using crypto savings accounts may vary depending on your jurisdiction. You may need to comply with certain rules and regulations and report your income and expenses accordingly.



What are some of the best crypto savings accounts available?




There are many crypto savings accounts available in the market, but not all of them are equally reliable, secure, and rewarding. Based on our research, here are some of the best crypto savings accounts you can consider in 2021:


Platform Interest Rate Supported Cryptos Fees Perks --- --- --- --- --- BlockFi Up to 6% (BTC) 10+ None Compound interest, flexible withdrawals, referral bonuses Celsius Network Up to 6.2% (BTC) 40+ None Loyalty rewards, no minimum deposits, in-app loans Nexo Up to 8% (BTC) 20+ None Daily payouts, instant withdrawals, $375 million insurance Crypto.com Up to 8.5% (BTC) 20+ None Flexible or fixed terms, higher rates for staking CRO tokens YouHodler Up to 12% (BTC) 20+ None Weekly payouts, multi-HODL feature, turbocharge loans To learn more about these and other crypto savings accounts, you can visit their websites or read our detailed reviews.


Play free games




If you like to have fun and earn free Bitcoin at the same time, you can play free games that reward you in Bitcoin or other cryptocurrencies. These are games that let you enjoy various genres and challenges while earning small amounts of crypto for completing tasks or reaching milestones.


What are free games that reward you in Bitcoin and how do they work?




Free games that reward you in Bitcoin are games that pay you in satoshis (the smallest unit of Bitcoin) or other cryptocurrencies for playing them. They may be web-based or mobile-based, and they may cover different genres such as arcade, puzzle, trivia, casino, etc. Some games may require you to watch ads or perform other actions to earn crypto, while others may simply reward you for playing.


To play free games that reward you in Bitcoin, you need to have a crypto wallet or an account on a platform that supports these games. Depending on the game, you may need to register with your email address or a username and password. You may also need to link your wallet address or scan a QR code to receive your rewards.


What are the benefits and risks of playing free games?




Some of the benefits of playing free games are:


  • Earn while having fun: You can enjoy various types of games while earning small amounts of Bitcoin or other cryptocurrencies. You can also learn more about crypto and blockchain through these games.



  • No investment required: You don't need to spend any money or risk any capital to play these games. You can simply play for free and earn crypto as a bonus.



  • Access a variety of games: You can choose from a wide range of games that suit your preferences and skills. You can also switch between different games and platforms as you wish.



Some of the risks of playing free games are:


  • Low rewards: The amount of Bitcoin or other cryptocurrencies you can earn from playing free games is usually very small and may not be worth your time or effort. You may also need to reach a certain threshold or wait for a certain period before you can withdraw your rewards.



  • Scams and malware: Some free games may be fraudulent or malicious, and may try to steal your personal information, crypto assets, or device resources. You may also encounter phishing links, fake apps, or malicious ads while playing these games.



  • Addiction and distraction: Playing free games may be addictive and distracting, and may interfere with your productivity, health, or well-being. You may also neglect other more important or rewarding activities or opportunities while playing these games.



What are some of the best free games that reward you in Bitcoin?




There are many free games that reward you in Bitcoin, but not all of them are equally fun, fair, and safe. Based on our research, here are some of the best free games that reward you in Bitcoin you can try in 2021:


Game Genre Reward Platform --- --- --- --- Alien Run Arcade Up to 1,000 satoshis per day Android, iOS Bitcoin Blast Puzzle Up to 1,000 satoshis per day Android, iOS Satoshi Quiz Trivia Up to 1,000 satoshis per question Web BitFun Casino Up to 50 satoshis per game Web RollerCoin Simulation Up to 10 satoshis per hour Web To learn more about these and other free games that reward you in Bitcoin, you can visit their websites or read our detailed reviews.


Take advantage of airdrops




If you want to earn free Bitcoin by discovering new and promising projects, you can take advantage of airdrops. These are events where crypto projects distribute free tokens or coins to their potential users or supporters.


What are airdrops and how do they work?




Airdrops are marketing campaigns where crypto projects give away free tokens or coins to their target audience. The purpose of airdrops is to raise awareness, generate buzz, attract users, or reward loyalty. Airdrops may be done randomly or selectively, depending on the criteria set by the project.


To participate in an airdrop, you usually need to perform some tasks or meet some requirements. These may include following the project on social media, joining their telegram group, signing up for their newsletter, referring friends, or holding a certain amount of their tokens or coins. You may also need to provide your wallet address or verify your identity to receive your rewards.


What are the benefits and risks of participating in airdrops?




Some of the benefits of participating in airdrops are:


  • Earn free tokens or coins: You can get free tokens or coins from new and upcoming projects without having to invest any money or risk any capital. You can also benefit from the price appreciation of your rewards over time.



  • Discover new projects: You can learn more about new and innovative projects in the crypto space and their vision, mission, and goals. You can also support the projects that align with your values and interests.



  • Become part of a community: You can join the community of the project and interact with other users, developers, and influencers. You can also provide feedback, suggestions, or criticism to help improve the project.



Some of the risks of participating in airdrops are:


  • Scams and frauds: Some airdrops may be fake or malicious, and may try to steal your personal information, crypto assets, or device resources. You may also encounter phishing links, fake apps, or malicious ads while participating in these airdrops.



  • Low quality or value: Some airdrops may be from low-quality or dubious projects that have no real use case, value proposition, or competitive advantage. You may end up receiving worthless or useless tokens or coins that have no market demand or liquidity.



  • Regulation: The legal status and tax implications of participating in airdrops may vary depending on your jurisdiction. You may need to comply with certain rules and regulations and report your income and expenses accordingly.



What are some of the best airdrops to look out for in 2021?




There are many airdrops happening in the crypto space, but not all of them are equally legitimate, valuable, and rewarding. Based on our research, here are some of the best airdrops to look out for in 2021:


Project Token Reward Requirements Platform --- --- --- --- --- Uniswap UNI Up to 400 UNI Use Uniswap before September 1, 2020 Ethereum 1inch 1INCH Up to 1,000 1INCH Use 1inch before December 24, 2020 Ethereum GoodDollar G$ Up to 50 G$ per day Sign up and verify identity Ethereum eToro eToro Token Up to $500 worth of eToro Token Sign up and complete tasks Ethereum CoinMarketCap CMC Earn Up to $10 worth of various tokens Sign up and complete quizzes Various To learn more about these and other airdrops, you can visit their websites or read our detailed guides.


Conclusion




Summary of the main points




In this article, we have shown you four clever ways to earn free Bitcoin in 2021, along with their benefits and risks. These methods are:


  • Use a crypto credit card that pays you cashback in Bitcoin or other cryptocurrencies for every purchase you make.



  • Earn interest on Bitcoin you already own by depositing it into a crypto savings account that lends it out to other users or platforms.



  • Play free games that reward you in Bitcoin or other cryptocurrencies for completing tasks or reaching milestones.



  • Take advantage of airdrops that distribute free tokens or coins from new and promising projects to their potential users or supporters.



Call to action




If you want to earn free Bitcoin in 2021, you should try these methods and see which one works best for you. You can also combine them or use them together with other methods to maximize your earnings and diversify your portfolio. Remember to always do your own research and use caution before trying any method that promises free Bitcoin. And don't forget to have fun and enjoy the process!


Do you have any questions or comments about these methods? Do you know any other clever ways to earn free Bitcoin in 2021? Let us know in the comment section below. We would love to hear from you!


Frequently Asked Questions




Here are some of the most common questions and answers about earning free Bitcoin in 2021:


Q: How can I get free Bitcoin without doing anything?




A: There is no such thing as free Bitcoin without doing anything. You always need to do something to earn free Bitcoin, whether it is spending money, lending money, playing games, or participating in airdrops. However, some methods may require less time, effort, or risk than others. You should choose the method that suits your preferences and goals.


Q: How much free Bitcoin can I earn in 2021?




A: The amount of free Bitcoin you can earn in 2021 depends on several factors, such as the method you use, the market demand, the platform you choose, the fees you pay, and the price of Bitcoin. You should not expect to earn a lot of free Bitcoin from any method, as they are usually meant to be supplementary sources of income or incentives. However, you can still earn a decent amount of free Bitcoin if you use these methods consistently and wisely.


Q: Is earning free Bitcoin legal and safe?




A: Earning free Bitcoin is generally legal and safe, as long as you follow the rules and regulations of your jurisdiction and use reputable and secure platforms and services. However, you should always be careful of scams and frauds that may try to steal your personal information, crypto assets, or device resources. You should also protect your privacy and security by using strong passwords, encryption, VPNs, antivirus software, etc.


Q: How can I withdraw my free Bitcoin?




A: You can withdraw your free Bitcoin by sending it to your crypto wallet or exchange account, where you can store, manage, or trade your crypto assets. Depending on the platform or service you use, you may need to reach a certain threshold or wait for a certain period before you can withdraw your rewards. You may also need to pay some fees for the transaction or conversion. You should always check the terms and conditions of the platform or service before withdrawing your free Bitcoin.


Q: How can I spend my free Bitcoin?




A: You can spend your free Bitcoin by using it as a form of payment or donation for goods, services, or causes that accept Bitcoin. You can also convert your free Bitcoin to fiat currency or other cryptocurrencies and use them as you wish. However, you should be aware of the tax implications and reporting requirements of spending your free Bitcoin, as they may vary depending on your jurisdiction and situation. 44f88ac181


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