How to earn bitcoin
Source: Getty Images

With Bitcoin on the Rise, Why Not Earn It in Your Free Time?

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Apr. 27 2021, Updated 10:21 a.m. ET

Are you thinking about jumping on the bandwagon and getting into cryptocurrency? Sure, you can buy bitcoin on the internet, but if you don’t have a significant amount of money to invest upfront, you may want to know how to earn bitcoin. 

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There are several things to do before you start. One very important step is making sure you have a bitcoin wallet to store your funds. These wallets can be cloud-based or on your phone, tablet, or computer. The wallet you choose will also have a list of approved cryptocurrency exchanges it works with. Cryptocurrency exchanges provide a forum for trading cryptocurrency for fiat money and other digital currencies

Besides Coinbase, which drew attention with a major IPO, other popular crypto exchanges include Coinmama, BitPanda, eToro, and Bitbuy.

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bitcoin wallet
Source: Getty Images

How to get bitcoin for free: Gambling for bitcoin

On sites called bitcoin faucets, you can earn free bitcoin simply by clicking on a few ads. However, these sites usually pay very little, so you will have to spend a lot of time clicking on ads to make any substantial money. 

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There are also online games you can play to earn free bitcoin. Like betting on a racing horse or putting all your chips on a number in roulette, you use your money or bitcoin to bet on different games in these bitcoin casinos. Some online casinos offer the same games you would find in a traditional casino.

Leanbackplayer's list of the best crypto gambling sites online in 2021 includes poker site Ignition, sports betting site Bovada, and Red Dog Casino. Not all bitcoin casinos are legitimate, however, and some may try to rip you off—watch out for those with high wager requirements.

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bitcoin casino
Source: RedDog Casino

Earning bitcoin by completing tasks

Websites such as BitcoinGet, Time Bucks, and Bitfortip reward you in bitcoin for completing surveys, testing websites, or retweeting Twitter posts. “Thanks to Bitcoin, there’s no more waiting for checks or bank transfers to clear,” says the BitcoinGet website.

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And if you like to read, you could check out the site PaidBooks, which gives you free bitcoin just for reading Pride and Prejudice or War of the Worlds.

Is bitcoin mining profitable?

Bitcoin mining, which started as a hobby for people to earn free bitcoin, is now a profession that requires expensive equipment and computer hardware knowledge. Although it can be rewarding, it means major effort and expenses. 

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Jobs that pay in bitcoin

With cryptocurrencies growing in popularity and more places accepting crypto as payment for goods and services, some companies are starting to pay their employees in digital currency. 

Source: Reddit
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A search for “jobs that pay in Bitcoin” on Indeed.com lists a range of positions, from sales manager to community support engineer. 

On Reddit, Jobs4Bitcoins posts opportunities that pay in digital currencies. Freelance job platforms ETHlance and CryptoGrind also list jobs and employers who pay in cryptocurrency. 

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