9 How to get free bitcoin quickly

For some strange reason, people tend to think that because Bitcoin is a new form of currency, there are several ways to get free bitcoin or make money from it easily. I'm sorry to blow up the bubble, but Bitcoin is like other currencies out there. Just as there is no easy, risk-free way to make money quickly, there is no magic way to generate Bitcoin.

Although cryptocurrency in general can have several new possibilities for generating income, the same thing happens - you need to invest time, or money to make money.

Each method that I will discuss today will be assessed based on the following factors:

How much effort is needed to use this method?
How much money can be generated through this method?
And finally - how risky is this method?
All the methods that I will study are the things that we really tested here in newscoin, so you can be sure we speak from experience. Let's start :

1. Small income: faucet, PTC, micro work
One of the cheapest, easiest, but most time-consuming ways to actually produce Bitcoin is through micro income. This means that basically you will do small tasks and get coins for the time you spend.

Some of the more famous income micro sites are foucet Bitcoin - the site that you visit repeatedly every few minutes to claim a small number of coins. foucet is actually a subcategory of the PTC site, PTC which means "Pay for Clicks". The PTC website will usually ask you to click on ads or buttons on the site to make money from advertising sales. In return you will get a small amount of coins.

Well, from our calculations, if you stop working on the click button, you will average anywhere between 5-40 cents per hour. Not sure it's worth your time or even electricity to run your computer.

Micro income requires a lot of effort, generates very low income but is usually a very safe bet.

2. Has a faucet site
When participating as a faucet user might not give you a lot of money, having your own foucet site is a different story. Today, you can build foucet cryptocurrency relatively easily and earn money from selling ads on your site.

However, running a faucet requires reasonable time and effort. You have to set up your own website, manage users, prevent fraud, and also bring the initial capital to fund the faucet when starting.

Running a faucet requires medium to high effort, resulting in low to medium rewards and requires a number of intermediate risks.

3. Run a signature campaign on the Bitcoin talk site
Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum, began running signature campaigns. Simply put, you can use your BitcoinTalk signature to advertise products and get paid for each post you write. A complete list of campaigns can be seen on the forum itself.

With your signature campaign you are paid according to your membership level in BitcoinTalk. Usually, anyone with a status less than ‘full member’ will not be paid that much, if there is one. To become a full member, you need at least 120 posts below you. There are also restrictions on posts; like length, original content, and more.

Sometimes, there are also minimum postal requirements per week. From our experience, you can generate up to $ 5 per hour depending on how much you write and your membership level. This, of course, does not include the number of posts that you need to write to get the level of membership needed in BitcoinTalk.

To summarize it, running a signature campaign requires a moderate amount of effort, generates low rewards and requires little risk.

4. Become a crypto trader
One of the fastest, easiest, but most risky ways you can make money with Bitcoin is to exchange it on the exchange. Basically you try to buy Bitcoin when the price is low and sell it when the price goes up.

However, successful trading is not a matter of luck or guess. Profitable traders spend

A large amount of time is learning how to trade and how to overcome the many risks involved with trading. Successful traders know they might lose money in the short term but they see it as an investment in their education, because they aim for the long term.

What I'm trying to say is that trading isn't as easy as it looks. If you want to be a trader, make sure you have the time and capital to invest in good trade education. If you want to learn more about trading.

I would say that being a successful trader requires enormous effort (depending on where you are in your training), can produce high rewards and have a very high risk.

5. Promote the Bitcoin affiliate program
One of the most overlooked ways to make money with Bitcoin is to promote through various affiliate programs. Affiliates are people who promote certain businesses for free but receive commissions if they succeed in bringing in paying customers.

Many Bitcoin exchanges, products and services have affiliate programs where you can register. You then get your unique affiliate link to promote the product or service.

Of course there are many ways you can promote your affiliate links - you can share them on Facebook, run ad campaigns on various websites or even create your own information sites and promote your links inside content.

Promoting Bitcoin affiliate programs requires enormous effort, can produce moderate to high prizes but does not require a lot of risk.

6. Write about Bitcoin / crypto
If you become crypto and have the talent for words you might want to consider becoming a journalist or crypto article writer. As the crypto industry grows, more and more news and information sites emerge. In many cases, these sites are in dire need of writers because they publish dozens of articles every week.

Because good writers are hard to find, if you can send quality work, you might be able to get a good income stream by writing about Bitcoin and cryptocurrency from the comfort of your own home. The best way to find a job as a writer is to look for the "work" section in your favorite crypto publication. You can also send e-mails to certain sites that you want to write, or you can create an author's profile at Upwork - an international freelance market.

I can assure you that there are urgent needs for good writers. You should have a few examples of articles in hand before applying for a writing job because many publications will ask for a previous job before hiring you.

Making a stream of income by writing about Bitcoin requires a moderate amount of effort, generates medium returns and requires little to no risk.

7. Selling related products or services
If you are not proficient in words there may be other services that you can offer. BitcoinTalk service thread, there is a link in our resource section, offering a variety of services that you can provide instead of Bitcoin. Some of these include developing websites, marketing products online or even becoming an Escrow agent for Bitcoin transactions.

8. Bitcoin / crypto mine
Many people who start with Bitcoin will immediately be interested in the concept of Bitcoin mining. I mean, creating magic internet money from your home computer? What can be better?

Well, the fact is that Bitcoin mining today has become more than a profession rather than a hobby. This requires very expensive equipment, high electricity costs, knowledge of hardware configuration and physical space to really save your miners.

We have placed a link in the resource section below to one of our more popular articles related to the profitability of Bitcoin mining today. Because of this, altcoin mining is cheaper than you need to mine Bitcoin. But this only means that hardware will be cheaper. Another complexity of electricity, configuration, maintenance and so on is basically the same.

Sometimes you will find a website or mobile application that tells you that they will mine coins for you. Most of these services are very useless and will usually consume the computing power of your device and battery just to give you a few cents in return.

Another option is cloud mining - paying others to handle mining equipment for you. Although this sounds ideal, most cloud mining sites now only pretend to use your money for mining operations, they are actually fraudulent. In addition, even though there are several official sites out there, the money you pay to mine Bitcoin might be better invested only by buying Bitcoin.

Of course we always encourage you to do your own market research because in the end, it is your money.

In summary, actual mining requires enormous effort, producing moderate to high rewards and is a risky business.

9. Loan your Bitcoin to get profit
A very popular way to grow your Bitcoin wealth is through the Bitcoin loan platform. These sites connect borrowers who need crypto with crypto owners who lend their coins for interest rates. Because this loan is very risky, interest rates are quite high which at first seemed like a good thing.

I mean, I can make 15% per year for my coin, what doesn't like about it?

Well, because there is no real guarantee that the borrower who is responsible for the loan is more often than not the default loan and the lender is left without their money. We have tested several loans in the news, and they all failed. That's why I suggest to stay away from this particular method. You can read about our experience with online loans in the resources section.

Borrowing Your Bitcoin doesn't require a lot of effort, has the potential to provide high rewards but is very risky so it is not worth considering.

Conclusion
We reached the end of this week's episode and as you can see we have discussed many ways you can generate Bitcoin or make money with cryptocurrency. In the end each method has its advantages and disadvantages, some are more risky while others take greater effort.