Free bitcoin earning sites. Want to earn free Bitcoins online? Here we provide you with all the Bitcoin earning websites as well as all you need to know about Bitcoin as a payment method online. So, if you are really interested Bitcoin earning sites that do not charge you, you have landed in the right place.
As you know, Bitcoin is gradually becoming one of the most popular payment method majority of reward sites make use of when paying their members. Just like Paypal, Bitcoin can also be used to make and also receive payment online and can be cashout just like you will do with Paypal. The only difference is that Bitcoin can easily move up to more than what you already have in your account. That is why you see people love to earning free bitcoin online by all means.
In order to help you earn free bitcoin, we have dedicated this site to list and review all the free bitcoin earning sites on the internet. And to get started, we have done a lot of searching and research online to make sure we achieve our objective of providing you with all the free sites to earn bitcoins and were able to find a very good number of them. They are not just free Bitcoin earnings sites but also reputable ones and one of the most popular in the industry.
So, if you are looking to earn free bitcoins online, the sites listed below are for you. You can scroll down straight to the free bitcoin sites if you already know what is bitcoin and how it works. If not, continue reading by moving to the next paragraph.
What is Bitcoin?
Bitcoin is a global cryptocurrency and digital payment system created by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
Need to earn Bitcoin
Bitcoin is among the new and latest cryptocurrency that is on the rise and majority of people have not been able to know the reason or need why it should be used.
Reasons to to earn free bitcoin
Need for this bitcoin. We will give you sound reasons to show you the need to use this rising digital currency.
- It is quick
When compared to other banking methods like cheque and international transfers, bitcoin is way too fast and better. Cheque can relatively take days to process especially if it’s a transaction between different banks. Just the same way wire transfers take so much time to be processed.
“Zero-confirmation” transactionsare immediate and prompt which means that the dealer risks his chances by consenting to transaction that has not been checked by bitcoin blockchain. But if even if the dealer wants it confirmed, it can only take about 10 minutes which is still way too quick as compared to other inter-bank transactions.
I know you will be saying that your credit card transactions are also fast, it not false but yet you or the dealer as the case may be are being charged for that services mostly for the swipe fee. Bitcoin transactions fee is quite cheaper and most times there’s no cost attached at all.
Not Owned by the Government
Recall that the Central Bank once attempted to profit from insured deposits that are more than 100,000 by recovering them back in Cyprus, March 2013.This caused a big chaos in the native population because it would go as deep as eating straight into family savings. In bitcoin, the currency is dispersed and as such, this type of thing will not occur. So if you don’t like this type of thing occurring in your money, bitcoin is a way to ensure you don’t experience this and central authority has no jurisdiction over it.
- It can’t be reversed
Bitcoin can’t be reversed immediately it was sent. The recipient must approve or endorse it before it can be retrieved unlike the credit cards where you can get in touch with the company requesting that your transactions be reversed probably claiming the transaction didn’t go through and it may be reversed. This can be fraud which cannot happen with bitcoin.
Another advantage here is that your payment information cannot be accessed thereby making it impossible to be harnessed by third parties.
Also, as at the time credit cards was first used in the 1920’s and ’30’s, there was no online or internet activities. This is to say that credit cards are not meant for online transactions because they request your personal info like CSV number, expiry date and card number, thereby making the transactions prone to fraud.
Bitcoin seems to be a better way to do online transactions. This is because you don’t get to share your private information. You only need your bitcoin address (public key) while your private key is combined with public key to sign a transaction to show a certificate saying it’s from you. No one sees your private unless it is published by you.
- Not affected by the economy
Government can always print the normal currency as much as they want, and when the currency is limited and can’t be sufficient to settle national debts, more currency an easily be printed by Federal Reserve. The government can also employ the publicized process known as quantitative easing whereby newly printed money are put into the shaky economy to stabilize it. This process can lead to the decrease in value of the currency.
Whenever the dollar in circulation is unexpectedly doubled, it will lead to everything being doubled. For example, a loaf bread that was previously sold for one dollar will now be sold for two dollars in other to balance with the rising economy. The process whereby goods and services stay on the increase is known as inflation. Inflation may reduce the number of people making purchases and it’s not easily controlled. In the world of bitcoins, it is quite the opposite. Lower prices for goods and services might be expected because according to the main specification, only a maximum number of 21 million bitcoins can be created.
- It can be quite secretive
Bitcoin is a reserved currency and yet transparent. From its blockchain, nobody can attest to who owns the bitcoin address but the worth of that specific bitcoin can be seen. Again, they can view the to and fro of the transactions but can’t link the bitcoin address to anyone in particular which is quite different from the normal bank accounts where the owner of the account is known. Although there are quite some people who go about using similar bitcoin address all the time or joins many bitcoin addresses into one, these ones are taking the chances of being identified.
No Need to Trust
Unlike the normal banking system where you need to trust someone example, trust the cashiers to record your money or trust the bank with your sensitive information, you don’t need to trust anyone in bitcoin because it is dispersed. Bitcoin transactions are digitally signed, protected and verified by a miner whose identity is unknown and also they don’t need to know your identity too unless you want them to know.
- It’s Yours
Unlike other conventional electronic cash system today that is somebody’s property, bitcoin is the opposite of it, it is not owned by anybody. Taking the PayPal electronic cash system as example, they can choose to freeze all your assets in their bank without your knowledge if the feel that your account is being abused for some reasons. You will now go through the stress of verifying the issue in order to gain access to your funds. Bitcoin offers you your own personal private key and a tallying public key that constitutes the bitcoin address which is just for you online unless you personally misplace it or allow a wed-base wallet to access it and they end up losing it.
- Constructing your own bitcoin
Most of the time, national governments interfere by taking a look at the way you generate your money. In constructing your own bitcoin, you can either make the general market survey or produce yours with sufficient computing energy. You will have to allow your software to keep running in your machine after you must have enclosing your previous investment in equipment and electricity in other to produce this bitcoin. You can take a stroll or take a nap while the machine makes bitcoin for you.
List of free Bitcoin earning sites:
is a new rewards website to earn free bitcoin online. It gives their members the ability to carry out tasks in exchange for points, which they can then redeem for cash through Bitcoin or prizes.
InstaGC members have redeemed over 76,651 gift cards and lots of cash so far since it was established, though if you would prefer a Bitcoin rather than a gift card, the Instagc also pays their members through bitcoin+
To be able earn bitcoins from InstaGC, you will need to fill out surveys, watch videos, download and play games, invite family and friends, or win contests as well as promotions. You do not need to ever make a payment or purchase in order to earn free bitcoins with instagc.
Instagc works on points system which can be converted to bitcoins. And 100 points earned is equal to $1.Also, some of the gift cards that instagc provides on their site are for values as low as 1 dollar, while others can be valued as high as 100 dollars etc, with many different valuations in between them.
Once you are completed surveys and tasks and ready to redeem your points bitcons or for a gift card, you can select from the gift card library that has major retailers which includes Amazon.com, Target, GameStop, eBay, Walmart, and a lot more.
To register on instagc, all you need to do is select a Username, a Password, and enter your email address that is active. When you join, you will immediately be rewarded with ten free points.
When working with a free rewards site like InstaGC , you have to be very careful to protect yourself from problems with the site. First, whenever you decide to carry out an offer– that is the offer that usually reward the most– you need to be extremely careful to read through all the terms of service so you know be aware of how to go about your activates appropriately without getting charged or deny payment.
Also, these websites work really hard to protect themselves from online hackers. So, if you do a general search of instagc, you are most likely to see a lot of people searching for codes as well as point boosters. Normally if a reward website feels as though you are trying to trick the system, they may terminate your account and you won’t be redeem any of your past points for bitcoins or any payment method.
It is a another popular place to earn free bitcoins. You can earn bitcoins by doing paid surveys, completing tasks etc. They have been available since 2007 and have now over 10 million members. It’s awarded more than $10 million to its members and it has over 130k fans on Facebook. Promo codes for bonus points are regularly posted on their Facebook and also Twitter accounts.
To be eligible: PrizeRebel is accessible to people around the globe who are 18 years old or older. Users 13-18 are able to use the website with adult permission. Note that users from the USA, United kingdom, Canada, plus Australia will certainly have the most success with the website.
PrizeRebel is a free rewards website just where members are compensated through bitcoin for performing tasks along with activities in substitution for gift cards, cash, and also merchandise.
PrizeRebel features a wide variety of rewards. Both electronic and also physical gift cards are supplied from retailers and brands that include Amazon, eBay, Starbucks, Target, and much more. The benefits catalog will list whether a gift card is electronic or will likely be shipped. Credits for online games for example League of Legends and also providers like Rixty and Steam are available.
You can request a reward with as little $5 worth of points in the account. Rewards processing is finished within 24 hours.
However, you may redeem your points balance for your Bitcoin, PayPal cash payment, ACH bank transfer, or bitcoins paid out by way of Snapcard.