Financial experts and large investors remain divided over the future of Bitcoin, the world’s largest crypto-currency. Currently, Bitcoin prices hover around US $9400 each.
Crypto-currency aficionados expect it would cross the US$ 30,000 mark by December 2018 while critics claim Bitcoin is a bubble whose burst is imminent.
Free Bitcoin Profits
Regardless of which school of thought you subscribe, Bitcoin indeed presents great potentials to anyone who wishes to get rich quickly. A time-tested and proven way to get rich with Bitcoin is by speculation.
Meaning, you buy Bitcoin when prices are low and sell when they soar. However, high cost of investing in Bitcoin- around US $9400- makes it beyond reach of most ordinary people. Despite, there are ways and means to earn free Bitcoin, provided you have basic skills, equipment and the time.
Free Bitcoin: Is It Possible?
Do you believe in free money? Free money exist and so free Bitcoin. But getting free Bitcoin is difficult unless someone gifts or bequests them. However, there are proven ways and means of getting Bitcoin sans exerting extra efforts.
You will have to do some work to earn Bitcoin. Such tasks can be anything as simple as making some discreet arrangements for a client, proxy buying or completing online tasks.
However, you need to “earn” the “free” Bitcoin anyways.
However, getting Bitcoin for whatever tasks completed, you can become rich fairly quick, since prices of this cryptocurrency seem to be soaring at the moment. Nobody can predict how long this boom will endure.
Yet, now is the perfect time to get some Bitcoin and cash in on their current high price.
Before you embark on earning free Bitcoin, it is essential to know this largest crypto-currency of the world.
Bitcoin Trade Explained
All transactions with Bitcoin are done over the Internet, through blockchain. Bitcoin official website describes blockchain as: “A shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending Bitcoin that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.”
What You Need for Free Bitcoin
Now that you have some knowledge about Bitcoin and its workings, we explore what you require to get this very precious crypto-currency free.
Getting Free Bitcoins
Here are some of the best ways to get free Bitcoin.
1. Work as Bitcoin Miner
The surest way to earn Bitcoin free by becoming a miner. Bitcoin miners are a worldwide community that maintains ledger and tracks each transaction. Generally, Bitcoin miners work in ‘pools’ or groups.
This way, more people can pay attention to the blockchain and create ‘blocks’ or records of transactions for onwards flow between the payer and payee. There are some factors you need to know before for free Bitcoin mining.
2. Free Bitcoin for Proxy Buying
Bitcoin transactions largely remain secret. This means, no authority can detect them, which allows people to evade taxes or stash away large amounts of money secretly for any purpose.
However, total privacy in Bitcoin transactions is a myth of sorts. While buying or selling Bitcoin you need to pay cash. This is done by net-banking, credit and debit cards. Records of such transactions are maintained by a bank or financial institution, though they may not directly refer to the Bitcoin.
Hence, several people want to eliminate this possibility of their investment in Bitcoin being traced. This gives you a great opportunity to earn free Bitcoin. All you need to do is buy Bitcoin as proxy for the real investor and transfer them later to her or his wallet.
To do so, you will need some basic stuff.
Buy Bitcoin for the investor using your bank account, credit or debit card. Receive Bitcoin in your software, online or hardware wallet. Transfer them to the investor. You charge Bitcoin for the service.
3. Free Bitcoin for Discreet Work
Arranging female or male escort services, secret getaways for people with discreet relationships and doing other odd jobs that require a very high level of privacy is one sure way to Earn Bitcoin Free.
A huge demand for discreet service providers exists around the world. However, you need to ensure that service provided are not in conflict with any rules and laws of the country where you are providing them.
Here too you will require some basic stuff.
4. Free Bitcoin as Tips
5. 1 Free Bitcoin for Online Tasks
A handful of websites pay you in 1 free Bitcoin for watching and reviewing their videos and advertisements. This is perhaps the simplest way of earning free Bitcoins. You can register at any or all of these websites and begin earning Bitcoin.
Bitfortip: (Bitcoins for answering questions in forums and providing vital tips). Before registering, check payout rules, member reviews and legitimacy of these websites.
6. Free Bitcoin Faucets
Bitcoin faucets can be defined as apps or websites that pay you in Satoshi, the unit of Bitcoin, for various tasks completed online. These generally include filling captcha codes or referring a friend or relative or similar small tasks.
In recent years, there have been lots of scams involving Bitcoin faucets. Before you register to earn free Bitcoin, it is advisable to check credentials of the faucet.
7. Bitcoin for Bank Interest & Stock Dividends
Provided your bank permits, you can request payment of interests and dividends received on stocks held in Bitcoin. However, such payments in Bitcoin will be governed by various existing rules and regulations in your country.
Receiving interest and dividends in Bitcoin has one inherent advantage: It allows you to build a Bitcoin portfolio gradually, without the need to invest large amounts of money.
8. Trading in Bitcoin
This means, you buy goods in one country paying fiat currency or real cash and sell in another in exchange of Bitcoin. Since you are accepting cryptocurrency payment, the sale price can be pegged a bit higher.
This way, you get more profits and save in Bitcoin too. There are a few websites that allow you to buy vouchers for such trade.
Indubitably, Bitcoin appears attractive nowadays due to the high price it commands. However, it is also worthwhile to remember, the cryptocurrency is center of huge debates over various issues ranging from legality to its use in crime.
As mentioned earlier, Bitcoin trade is not fully anonymous. Transactions involving Bitcoin can be traced, albeit difficult. Also, ensure that holding Bitcoin is legal in your country to avoid getting into any trouble with the law.
Also, there are no guarantees anyone can offer about sustainability of Bitcoin. The crypto-currency, like its other counterparts, is completely decentralized and hence, does not have any regulators to check its surge, fall or closure.