Bitcoin has been on a bull run since its inception.
Of course, I am not ignoring its bearish days, but overall it has been bullish. This is evident from this Google Trends chart:
And let’s not forget that Bitcoin recently surpassed $5,800!
I am not the least bit surprised by this crazy run because the concept of truly decentralized, borderless, and uncensored digital money is revolutionary and worthy of this attention. Now more than ever, people around the world have started appreciating Bitcoin’s power.
Having learned this fact more and more, people are joining the realm of Bitcoin each and every day.
Some ways of getting Bitcoin are better than other ways, while some are even worse than scams. That’s why today, we’re going to discuss some of the legit and low-entry barrier ways to earn Bitcoin.
Top 6 Working Ways To Earn Bitcoin
1. Get Bitcoin from One of these websites:
These are some of the most trusted websites to get Bitcoin. The best part is, they provide you with a Bitcoin wallet address and you can store or spend Bitcoin from these wallets directly.
I personally a big fan of CEX as they provide an excellent mobile app for Android and iOS. You can quickly get Bitcoin of any amount of your choice.
2. Shop and earn free Bitcoins
This is by far one of the fastest ways you can earn free bitcoin when you spend money online. Using Lolli which is a crypto reward app, you can earn Bitcoins for your usual online spend.
Lolli supports all major online retail shop and this is something you and your family can use on a usual basis and accumulate a decent amount of Bitcoins over time.
To get started, here is what you need to do:
- Head over to Lolli Website
- Create a free account
- Download the chrome extension
- Now, whenever you are shopping online on any of the 500+ partner stores, you will earn free Bitcoins.
I have been using Lolli for a while, and here is what I have earned in Bitcoin:
Lolli is more like one-time setup. Over time, you will be able to accumulate a decent amount of Bitcoins via this trick.
Other similar apps are:
3. Work For Bitcoin
Working for Bitcoin is one of the easiest and most legit ways to earn it.
Whether you are an engineer, designer, writer, singer, translator, editor, internet marketer, freelancer, or developer, you can start working for Bitcoin right now.
There are numerous platforms and websites that offer you bitcoins in exchange for your service.
Some of these platforms are:
4. Earning Bitcoin From Trading
Another legit and cost-effective way of earning bitcoins is through trading.
The idea is simple, but it takes a lot of awareness and analysis to be successful at this.
In this method, the basic concept is about diversifying and investing in various cryptocurrencies when they are cheap in price and then selling them when there is a significant price spike.
When you do this, you earn Satoshi by selling them for profit, and hence, earn more BTCs.
I myself have done this many times, and it works quite well in terms of ROI, but this not an investment pitch or advice… DIY (Do It Yourself) and DYOR (Do Your Own Research).
You can simply start by following and closely monitoring your favorite cryptos, and start buying them from various exchanges. Some of the best cryptocurrency exchanges that we suggest you buy from are listed below.
On these exchanges, you will also find almost all altcoins:
Note: This list of exchanges starts with some of the easiest to use exchanges for newbies and moves toward some of the most advanced exchanges for advanced users.
5. Earn BTC By Lending
There is a saying – “You should put your money to work.”
So if you are already HODLing Bitcoin, you can put your money to work and earn some profit on it by lending it out. There are many peer-to-peer Bitcoin lending platforms that allow you to do this while giving you a decent 3%-8% return on your investment in the form of bitcoins.
But a word of caution: This space of lending is highly unregulated, so diligently choose the borrower to whom you want to lend your Bitcoin and strictly adhere to the platform policies to make sure you get your returns back.
6. Earn Bitcoin By Helping People
Update: This is not effective as of now. Do try above 5 which works the best to earn Bitcoin.
This is quite a revolutionary way of earning bitcoins if you are good at offline/online research.
Bitfortip is a mobile and desktop platform that pays you for being helpful by giving you Bitcoin tips.
Their tagline is -“Tip Bitcoins as an incentive. Earn Bitcoins for being helpful.”
On this platform, anyone can ask for anything, and the answer provider gets Bitcoin tips in exchange for their answer.
For example, if I want to know where I can buy a pink, Persian cat in India, I can give a Bitcoin tip to whoever provides me with an answer
One thing which I really like about their platform is that they are available in 11 international languages. This provides a low-entry barrier for many people around the world.
See this example of a question asked:
And check out their official video:
Easy Ways Of Earning Bitcoin
So with this, I will end my write-up here.
But before I go, I want to address one thing:
Why didn’t I talk about Bitcoin gambling or mining on this list?
I haven’t included these things because gambling isn’t legit and mining is now out of the reach of commoners due to huge mining farms and ASICs.
That said, if you want to get involved in mining, then you can join a cloud mining service like Genesis mining or Hashflare, or buy an ASIC from Bitmain.
Now it’s time to hear from you: Which method you are using to earn more bitcoins? How has your experience been? Did I miss any more super easy and effective ways to earn bitcoins? Do let me know your thoughts in the comments section below!
Here are a few hand-picked articles that you should read next:
- What is Satoshi? Satoshi To BTC & USD Converters
- How to Buy Bitcoin with PayPal
- Popular Websites To Buy Bitcoins Instantly Using Debit/Credit Card
- Best Coinbase Alternatives For Buying & Selling Bitcoin
- How To Get A Bitcoin Address & Why It Is Important
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An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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