These days, there are plenty of ways to earn and get your hands on Bitcoin (BTC) without actually having to purchase it through crypto exchanges or other P2P platforms.
This article will show you all the possible ways to get Bitcoin, some of which you do not have to actually own them.
How to EARN and GET Bitcoin (BTC) Without Buying
Here are the six (6) different ways to do so.
1. Earn cashback on crypto credit cards
The following crypto credit cards not only allow you to spend on VISA or Mastercard accepted merchants worldwide, but they also offer their own cashback rewards for crypto spent.
Gemini Credit Card
Gemini users can earn up to 3% cash back on dining, 2% back on groceries and 1% back on all other purchases. In addition, there is no annual fee, no foreign transaction fees and no exchange fees.
BlockFi Credit Card
BlockFi allows users to earn an unlimited 1.5% cashback in crypto on every purchase with a credit card. There are no annual fees involved.
SoFi Credit Card
SoFi allows you to earn 2% cashback on all purchases and redeem it directly into crypto with its own SoFi Invest account. There is also no annual fee (ever) for a SoFi credit card.
2. Investing in Stocks & ETFs
This takes a more traditional yet familiar approach when investing in cryptocurrency.
Stocks & Shares
Sometimes investing in companies with a substantial Bitcoin portfolio is another way of indirectly supporting and buying Bitcoin. For example, the following listed companies have announced their BTC portfolio publicly.
Exchange-traded funds (ETF) allow investors to buy into a group of assets and achieve portfolio diversification simultaneously. When Bitcoin meets ETF, it is a marriage of keen interest to many investors. You are looking at either Bitcoin futures or a group of high potential cryptocurrencies together in a class.
If you are interested, you can take a look at some of these ETFs below;
- ProShares Bitcoin Strategy ETF
- Valkyrie Bitcoin Strategy ETF
- VanEck Bitcoin Strategy ETF
3. Offering products/services in exchange for BTC
It is a chance to accept cryptocurrency as an alternative to your local currency for any product or service rendered.
Your Business / Website / Social Media Profiles
If you have a business, you can start accepting bitcoin and other cryptocurrency payments of your choice. The same goes if you have a website selling products or services. In addition, you can consider placing bitcoin donation addresses at the bottom of your webpage or social media account if your content is relevant in doing this.
The following freelancing jobs platform are accepting Bitcoin in return for services rendered, and you can check them out;
Selling Items Online
You can sell your used items or even brand new, unused items online, for example, on Craiglist classified ads and other local online communities and state that you can accept crypto as an alternative to fiat currency.
4. Content Creation
The following sites and platforms will allow you to earn crypto while creating content as a publisher.
Sign up yourself for free to be a verified Brave Creator and get TIPPED Basic Attention Token (BAT) by Brave users who enjoy your online content. To be eligible, you must have your own Youtube or Twitch channel, your own website, or publication. BAT is Brave’s own cryptocurrency.
Write and post your articles on the social media platform Steemit. You will get paid for posting, commenting and upvoting relevant content on the platform. It uses its own blockchain and cryptocurrency called STEEM. You will get paid in STEEM if you take part in the platform.
PublishOx rewards its readers and writers for publishing and reading using its own crypto called BNTY token. Readers get a certain amount of tips each day, and they can use it to reward their favourite platform writers for their content. The reader can take up to 80% of the tip portion or give it to your favourite writer. As a result, PublishOx rewards the readers for consistent reading on its platform and provides the content creators with a chance to earn through receiving tips.
If you have your own website, you can earn cryptocurrency through working with crypto ad networks like Bitmedia.io and CoinZilla. You will be given a chance to place relevant ads on your web pages. Similar to many ad networks, you get to choose where to place these ads, such as on the sidebar or bottom of the page, etc. As visitors come to read your articles, you also get to earn cryptocurrency for passive income.
All cryptocurrency earned can be exchanged quickly and easily through coin-swapping platforms like Shapeshift. For instance, you can convert BAT tokens to Bitcoin instantly.
Many will quickly discourage the need to mine for Bitcoin, citing the level of difficulty to be too high and hard for an average home PC to make any profit. Even using a high-end gaming machine to mine BTC is not profitable now.
In reality, mining these days involves pooling together as a group to combine all available resources into a mining pool and hoping to stand a chance to win block rewards. For example, you can check out Slushpool and Minergate. These mining pools also allow users to mine for other types of cryptocurrency suitable for their devices and swap them into Bitcoin or any other coin of their choice later.
In addition, there are also cloud mining services like Genesis mining that you can consider.
6. Receive it as a Gift
Suppose you already expect a gift, for example, on special occasions like birthdays or anniversaries. In that case, you can kindly inform the other party to prepare a small crypto gift. This could be a win-win situation. You will receive what you want, and the other party does not have to ponder what to buy for you.
The other party can buy you some cryptocurrency of your choice, e.g. Bitcoin, and transfer it to your wallet.