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Getting free Bitcoin isn't hard - you just need to know where to look.
Crypto exchanges and platforms are always competing for your custom, so there are plenty of sign-up offers and trading bonuses, refer-a-friend deals and more. You can find the best offers below.
Otherwise, here are the 10 best ways to get free Bitcoin, ranked in order of convenience and effectiveness. These are all legitimate ways to get free Bitcoin, and Finder experts have tested them.
Arguably the easiest way to get free Bitcoin is by signing up to a crypto exchange using one of the promotional offers or sign-up bonuses available.
Many popular crypto exchanges offer a simple, lump-sum sign-up bonus to new users, while others offer a sweepstake or competition that's open to all new users – just expect small print and some hoops to jump through.
It's also worth going with reputable platforms rather than chasing potentially higher rewards from new or untrustworthy exchanges.
You can get out our pick of current welcome bonuses, refer-a-friend deals and sweepstakes from vetted platforms below.
Sign up and verify your account for $20 BTC. T&Cs apply.
If you don't want to sign up for a new exchange to tap into those sign-up bonuses (or you already have an account), then another option might be to recommend the exchange to a friend.
Most exchanges offer a referral program that either gives you a one-off reward for getting someone to sign up, or give you an ongoing commission based on how much they end up trading.
OKX is currently offering a tasty bonus in Bitcoin if you successfully refer someone – and the best part is that you both get the reward.
Are you already holding Bitcoin within a crypto portfolio? Some crypto products allow you to generate a yield from assets such as Bitcoin. If you already have some Bitcoin as part of your crypto holdings, then it's worth checking to see if your exchange offers a way to earn an annual percentage yield (APY) on your digital assets.
Here's how you can do that:
By staking your cryptocurrency, you can earn yield on your holdings, typically paid out in the protocol's native currency.
Some exchanges and platforms also offer staking-as-a-service, which means they will stake the assets on your behalf and pass on most of the yield. While this is easier that staking on chain, it involves trusting your assets to a centralised third party, as opposed to a transparent on-chain protocol.
Therefore, choosing reputable platforms and weighing the potential risks and rewards before investing is essential.
For those looking to engage more actively, yield farming in the DeFi ecosystem presents an opportunity to potentially earn higher returns. This strategy involves lending or staking cryptocurrencies across various protocols to capitalise on the best yields.
While more lucrative, yield farming demands a deeper understanding of the DeFi space and active management, bearing risks such as impermanent loss.
It's important to remember that crypto is not regulated and there's no consumer protection – crypto stored or lent to cryptocurrency platforms is not covered by the Financial Claims Scheme, which covers savings in a bank account (up to $250,000). While most exchanges implement leading security measures and sometimes offer their own insurance, there's no guarantee that your funds will be returned in the event of a hack or the platform going bust.
Some popular platforms in Australia that offer yield on Bitcoin include Block Earner and Binance, which you can sign up for below.
A great way to earn free Bitcoin is to participate in learning about crypto projects through an exchange's educational hub.
Once you've signed up for an account (and hopefully received free Bitcoin as a reward - see step 1 above) you can then complete a range of educational activities to earn further rewards.
Some cryptocurrency platforms reward users for simply watching videos, reading articles and taking the odd quiz or two.
As you progress through the platform's courses, you are rewarded with free crypto – albeit, rather small amounts.
The rewards aren't always in Bitcoin, but if Bitcoin's what you're after, you'll be able to trade your earnings for Bitcoin in the exchange.
Complete short courses and get a pass of 80% on quizzes to earn free crypto rewards. T&Cs apply.
Watch tutorials on select cryptos then take simple quizzes to earn small amounts. Earn once per quiz. T&Cs apply.
Watch tutorials on The Graph ($4) and Amp ($3) then take simple quizzes. Earn once per quiz. T&Cs apply.
Earn crypto by learning about various coins and tokens in the Revolut app. Earn once per quiz. T&Cs apply.
"While sign-up offers and learn-to-earn rewards may seem small, they're a great way to introduce yourself to crypto and help learn more about the space. There's also no telling how much the rewards will be worth in future. If you had received a $20 BTC sign-up bonus in early 2020, that same reward would now be worth at least $200."
A fun way to earn Bitcoin is to participate in a game that offers BTC as an in-game reward. Better known as GameFi - the combination of gaming and finance - this new generation of games integrate play-to-earn (P2E) mechanisms that allow players to earn rewards simply for participating. While some games incorporate native cryptocurrency tokens, there are others that offer BTC rewards.
The rewards offered by playing free games are small. While the game is fun, you'll likely need a significant amount of game time to amass a decent amount.
Back in 2010, a Bitcoin faucet website run by Bitcoin developer Gavin Andresen gave visitors to chance to claim 5 BTC simply for completing a captcha. It was designed to help spread the word about Bitcoin and its potential as a digital currency. Today, those 5 free Bitcoin would be worth around US$500,000.
There are now several browser extensions and web browsers that allow you to earn Bitcoin rewards when you complete everyday tasks online. Shopping with partner retailers can help bolster your Bitcoin holdings over time.
Isle of Man based-exchange, CoinCorner, launched its "Bitcoin cashback" back in 2020. There are two ways that you can earn yourself some free Bitcoin using CoinCorner. Either browse its directory for online retailers and shop as normal or download its Bitcoin cashback extension to receive a pop-up when you are on a partner retailer site to notify you of Bitcoin cashback offers. Partner retailers are mostly European, and include B&Q, Schuh, Boots and Currys PC World.
Focused on bringing Bitcoin rewards to the consumer, Lolli is a website and browser extension that allows shoppers to earn BTC rewards when making purchases online. Users can download the browser extension, shop online as normal, and earn rewards.
Through partnerships that the Lolli team have created with stores worldwide, the company receives a percentage from each sale which is then redistributed in the form of Bitcoin to users of Lolli. Although Lolli is currently available only in the US, there is an international waitlist for other countries.
You can earn free Bitcoin by simply using an internet browser or installing an extension.
Brave browser is a free and private browser that rewards you for choosing to view ads. When you download it, you'll be asked if you want to enroll in Brave Rewards. If you say yes, you'll be shown only high-quality ads and get rewarded with Basic Attention Tokens (BAT) which you can use for just about anything, from frequent flyer miles to purchasing NFTs. BAT can also be converted to Bitcoin through exchanges like CoinSpot and Binance.
An airdrop is when a crypto platform gives away tokens for free. Yes, this really happens, particularly when a platform wants to grow its user base or a developer wants to gain a following for a new cryptocurrency.
In order to collect on this free crypto giveaway, you'll need to have your own private wallet (not a wallet on an exchange) that is associated with the blockchain of the crypto being given away and perform certain actions.
You can then trade these newly acquired tokens for Bitcoin using an exchange.
See how to get crypto airdrops
While airdrops can be a great way to earn free cryptocurrency, it's essential to beware of airdrop scams. Scammers often create fake airdrops to steal users' private keys or personal information. To avoid falling victim to an airdrop scam, only participate in airdrops from reputable blockchain projects and never give out your private keys or personal information.
Performing micro tasks is another common way to earn free coins and tokens. Several platforms pay users in cryptocurrency for completing small jobs, such as taking surveys, testing apps or completing online tasks.
If you have a lot of free time and this idea interests you, one popular microtask site worth checking out is Cointiply.
However, be vigilant in choosing reputable sites. Microtask sites are commonplace for scammers, and it can take a very long time to earn a redeemable amount of crypto.
While not technically a free way to earn Bitcoin, once up and running, mining can provide a stable way to earn extra BTC to boost a portfolio. But how does the process work?
The Bitcoin blockchain runs thanks to a decentralised network of individuals and companies that are all around the world. These entities, better known as miners, race to solve a complex mathematical problem that allows them to add the next set of Bitcoin transactions to the blockchain. The miner that finds a solution to the problem and proves that a certain amount of computational work has been achieved gets to add the next block. In return for adding a new block, the miner is rewarded with a BTC block reward.
Unfortunately, not every computer can mine Bitcoin, and these days it's almost impossible for individuals to make a profit via Bitcoin mining.
To compete with the big mining companies, you'll need specific and very powerful hardware, as well as access to a huge amount of extremely cheap energy.
As a result, the upfront and ongoing costs of mining are high and probably out of the reach of most people.
Although mining itself is stable, the profitability of the venture is highly dependent on the price of Bitcoin. For the average investor, it is usually more economical to buy and hold Bitcoin directly.
Although earning free Bitcoin can be an exciting prospect, several risks come with it. It's essential to consider these risks before embarking on any earning opportunities, as they can impact your potential returns and the security of your digital assets.
There are now a huge variety of methods that investors can utilise to access free Bitcoin. While the returns from each method vary considerably, the high optionality should mean that there is a method to suit every experience level.
Whether collecting free BTC rewards from a play-to-earn game or earning BTC through a cryptocurrency exchange signup bonus, make sure to thoroughly research the option and understand exactly what is required. Make sure each platform you interact with is safe and that Bitcoin funds are kept secure at all times.
Want to know how you can get more free crypto besides Bitcoin? Check out our guide to free crypto here. You can also check out our cryptocurrency hub to learn more about how cryptocurrency works, the top cryptocurrencies right now, how to use crypto and why it's so important.
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Can you please recommend trusted bitcoin games and sites with faucets please. I’m in Australia too if that makes any difference.
Cheers
Hi Tia,
Thank you for visiting finder, we are a financial comparison website and general information service.
As we do not represent any company featured on our pages, we are unable to make recommendations, we can offer you general advice.
This page discusses ways on how to get bitcoin for free, as of this time we do not have that information available. We do update our pages though, feel free to check back with us from time to time.
Cheers,
Joanne