Ways to get bitcoin for free

Methods for getting bitcoin for free: (updated and improved)

For individuals interested in understanding what bitcoin is and how it works but don't want to risk any investment, these methods can get you some free bitcoin quick so you can try it out, although total earnings are unlimited.

1. Faucets: These are websites built around giving away bitcoins to their users. All sites just require you enter your bitcoin wallet address and a captcha to get free bitcoin. These sites make most of their money from advertising and thats why they can afford to give away bitcoins. Although there are tons out there, these are the most prominent.
2. Casinos: Many bitcoin casinos have a built in faucet allow you to claim free bitcoin. Use this to gamble for higher winnings and cash out, or if you're feeling lucky send your faucet earnings here and try and grow them. There are also several out there depending on what you're interested in, I list this one because it is simple, straight forward, has the best chat, and is my personal favorite.
3. Exchanges: There are several different cryptocurrency exchanges that offer users the ability to buy and sell bitcoin as well as other cryptocurrencies. Bitcoin markets have proven to be more volatile than markets like the New York Stock Exchange, and therefore there is increased risk but also increased opportunity. Higher risk higher reward right? Find the one that best suits your interests, always do your homework.
4. Referral Programs: Some faucets, online casinos, and exchanges offer incentives for inviting friends to use their website. Rewards vary depending on site to site but can be a good way to increase your bitcoin holdings without investing any capital.

Whether your new to bitcoin or familiar with crypto currency these methods you can easily earn you some bitcoin for free. Need a bitcoin wallet? Get one free from any of several different online hosting providers, or download one to your computer.

Do 'Get Free Bitcoin' Websites Work?: The Truth About Bitcoin Businesses and Websites

Do 'Get Free Bitcoin' Websites Work?: The Truth About Bitcoin Businesses and Websites.

I have heard a lot of buzz this past week of people wondering, "what is bitcoin?" and "are free bitcoin websites scams?" 

As an emerging technology Bitcoin is subject to skepticism because people are unfamiliar with bitcoin and know little about it. While bitcoin has been the subject of scandal before, the majority of websites that offer free bitcoin and bitcoin related services are legitimate. Knowing which websites to spend your time visiting is key and where to deposit your bitcoin is key.

  • The best way to learn about the legitimacy of the website involved in bitcoin is to check social websites such as forums and search for the website or business you are inquiring about. Check what other users have said about a particular website recently.
  • Risk and reward go hand in hand! For example, with trading and gambling there is decent risk with decent reward. If a website promises more than 100% returns in a day or two, think twice and consider the risk involved. 

In some cases the business or website's legitimacy may be fairly clear and in others it may be hazy. Refer to the first two steps before committing yourself to an investment, especially a risky one.

For more information and current news related to bitcoin, follow Bitcoin Baron on twitter.