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10 ways to get free Bitcoin

Here are 10 legitimate ways you can earn free Bitcoin or get a bonus from your trading.

Top bonus and free Bitcoin offers for May 2024

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

How can I get free Bitcoin?

Getting free Bitcoin isn't hard - you just need to know where to look. Exchanges and platforms are competing for your custom, so there are plenty of sign-up offers and trading bonuses, refer-a-friend deals and more. We've done the hard work and listed some key ones in this guide. These are all legitimate ways to get free Bitcoin, and Finder experts have tested them.

10 ways to get free Bitcoin in Australia

  1. Sign up to an exchange with a free Bitcoin offer or bonus
  2. Refer a friend
  3. Earn a return on Bitcoin you already own
  4. Play free games
  5. Get Bitcoin cashback on your shopping
  6. Use a browser extension
  7. Take advantage of airdrops
  8. Perform micro tasks
  9. Learn to earn
  10. Mining

1. Sign up to an exchange with a free Bitcoin offer or bonus

An easy way to get free Bitcoin is by capitalising on promotions and bonuses that offer free Bitcoin in exchange for your signing up to a platform. Many popular crypto exchanges offer a simple, lump-sum sign-up bonus to new users, while others offer a sweepstake that's open to all new users – just expect small print.

Stick to reputable platforms rather than chasing high yields from new or untrustworthy products. Check out our pick of current welcome bonuses, refer-a-friend deals and sweepstakes from vetted platforms below.

CoinSpot
Finder exclusive: Get $20 BTC
Finder Award

Get $20 BTC when you make your first deposit. T&Cs apply.

Swyftx
Finder exclusive: Get $20 BTC

Sign up and verify your account for $20 BTC. T&Cs apply.

Coinstash
Finder exclusive: Get up to $200 BTC
Finder Award

Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Digital Surge Cryptocurrency Exchange
Get $10 BTC

Receive $10 BTC on sign-up and verification. T&Cs apply.

Block Earner
Finder exclusive: Get $25 BTC

Get $25 Free Crypto on first traded token with no min limits. T&Cs apply.

Cointree
Get $10 BTC

Get $10 BTC on your first trade. T&Cs apply.

2. Refer a friend

If you don't want to sign up for a new exchange to tap into those sign-up bonuses, then another option might be to recommend your exchange to a friend. 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.

3. Earn a return on Bitcoin you already own

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.

Yield farming

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.

Block Earner
Earn yield with Block Earner

Earn yield on Wrapped Bitcoin with Aave using your Block Earner account.

Binance Australia
Earn yield with Binance
Finder Award

Earn yield on Bitcoin with Binance's range of earn products.

4. Play free games

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.

Play one of the following games to earn small amounts of Bitcoin for free:

Coin Hunt World

Coin Hunt World is a mobile game available on both iOS and Android. It's a geo-location game that has taken inspiration from games such as Pokemon Go; players must walk around the real world looking for blue keys. Blue keys are then used to open blue vaults which contain a trivia question. If a player answers the trivia question correctly in the set time, they are rewarded with either Bitcoin or Ethereum.

Wheel of Trivia and Wheel of Crypto

Thanks to a collaboration between fintech company, Zebedee, and game creator, Viker, Wheel of Trivia and Wheel of Crypto now offer BTC rewards as part of the prizes for playing the game.

Both are trivia-based games that test players' knowledge of popular quiz questions. Players must spin the wheel and answer the associated trivia questions correctly to unlock in-game items and earn BTC for free.

Balls King

Another creation from Viker games, Balls King, also lets users earn Bitcoin rewards for free. However, unlike Wheel of Trivia and Wheel of Crypto which were trivia-based, Balls King is a brick-breaking game designed for the play-to-earn generation. Players must break bricks in a Tetris-style interface to progress and unlock more rewards.

5. Get Bitcoin cashback on your shopping

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.

CoinCorner's Bitcoin cashback

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.

CoinCorner browser extension

Lolli browser extension

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.

Lolli browser extension

6. Use a browser extension

You can earn free Bitcoin by simply using an internet browser or installing an extension.

Brave browser

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.

Brave browser

7. Take advantage of airdrops

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

Warning: beware of scams

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.

8. Perform micro tasks

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.

9. Learn to earn

A great way to earn free Bitcoin is to participate in learning about crypto projects through a platform's educational hub.

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.

Binance Australia
Binance Learn & Earn
Finder Award

Watch tutorials on select cryptos then take simple quizzes to earn small amounts. Earn once per quiz. T&Cs apply.

Revolut Cryptocurrency App
Revolut Learn & Earn

Earn crypto by learning about various coins and tokens in the Revolut app. Earn once per quiz. T&Cs apply.

10. Mining

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, which means the process is often not profitable for individuals. To compete, specific hardware is usually required and that hardware must then be powered by significant amounts of electricity. As a result, the initial upfront costs of mining are high. 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.

Be aware of the risks

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.

  • Scams. Fraudulent schemes are prevalent in the crypto industry, and it's crucial to be cautious and only participate in legitimate projects or websites.
  • Cost vs benefit. Some earning opportunities in the crypto industry yield only small amounts of cryptocurrency, which may not be worth the time and effort invested.
  • Tax implications. Tax laws surrounding crypto can be complex, and it's important to research and understand the tax implications of earning free coins and tokens.
  • Malicious websites. Some websites will try and get you to link your wallet or hand over your private keys in return for the promise of free Bitcoin. They will then drain you wallet of its funds. Make sure to do your research and only use reputable websites or promotions.
  • Market volatility. Cryptocurrencies, including Bitcoin, are known for their high volatility. The value of free Bitcoin earned today might significantly change tomorrow, impacting the actual benefit you receive.
  • Time investment. Earning free Bitcoin often requires a significant time investment, such as participating in complex mining processes or engaging with numerous advertisements. It's important to weigh whether the time spent is proportional to the value of Bitcoin earned.
  • Regulatory changes. The regulatory landscape for cryptocurrencies is evolving. Sudden regulatory changes can affect the way free Bitcoins are earned or taxed, potentially impacting your earnings.
  • Data privacy concerns. Some methods to earn free Bitcoin, like completing surveys or registering on certain websites, may require sharing personal information. This poses a risk to your data privacy and security.
  • Technical complexity. Earning Bitcoin for free, especially through mining, can be technically complex and may require understanding of blockchain technology, which might not be feasible for everyone.
  • Energy costs. If earning free Bitcoin involves mining, it's important to consider the high energy costs associated with it. These costs can sometimes outweigh the value of the Bitcoin earned.
  • Limited earnings. Many free Bitcoin opportunities offer minimal amounts of Bitcoin, which might not justify the effort or risks involved.
  • Dependency on third-party Services. Many methods to earn free Bitcoin rely on third-party services. If these services become unavailable or close down, it could impact your ability to access or use your free Bitcoin.

Want to learn more?

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.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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2 Responses

    Default Gravatar
    tiaJanuary 22, 2018

    Can you please recommend trusted bitcoin games and sites with faucets please. I’m in Australia too if that makes any difference.
    Cheers

      AvatarFinder
      JoanneJanuary 23, 2018Finder

      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

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