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Elias Peterson
Elias Peterson

The Ultimate Guide to Earning Free Bitcoin in 2023 - CoinSavvy

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.


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.

earn free bitcoin

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.

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.

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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 --- --- --- --- --- 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 an


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