When bitcoin first started, people gave them away because they were worth very little. Believers in the cryptocurrency wanted more people to have bitcoin because wider adoption meant it was more likely to succeed. They called them bitcoin faucets because the coins just came out like water from a faucet.
Nowadays, faucets are just a fun trip down memory lane and the ones that claim to be faucets are usually scams.
There are, however, still ways you can pick up some bitcoin.
This is not a list of ways to earn bitcoin by playing games or performing tasks (many of those are using your computer to mine crypto… and giving you a smaller piece) – these are offers that will give you bitcoin just for signing up. They are offered by financial companies or cryptocurrency exchanges who are willing to give you those bitcoins in return for your business.
While the bitcoin may be “free,” some may require you to make a deposit. So in that sense, it’s not something for nothing. You won’t just get bitcoin for free – you’ll have to make a commitment as well. But what you deposit is still yours, so the coins themselves are free.
When I looked, there were only a handful of ways to get free Bitcoins and the ones I list below are all legitimate:
Coinbase – Varies
Coinbase is a cryptocurrency exchange platform that is free to use and a place you can trade a variety of cryptocurrencies. One of the fun aspects of the platform is that new cryptocurrencies will often give you free coins just for learning more about them.
All it takes is for you to have an account and watch a series of videos about the cryptocurrency. These are often a series of very short videos for a few dollars worth of the cryptocurrency. But since it’s free, it’s a great way to learn about new currencies (even if they don’t end up being valuable) and get free money.
Coinbase – $5
It’s not a lot but Coinbase is one of the biggest crypto platforms so having an account here makes a lot of sense. You just need to open an account and the $5 in bitcoin is yours.
Also, from time to time, you can earn small amounts of other cryptocurrencies just be watching a few videos.
Not a lot but no headaches!
Robinhood – Free share of stock worth up to $200
Robinhood changed the brokerage game when they offered a brokerage app with commission-free trades. They make money off the order flow of their customers but for the average investor, that’s irrelevant. They will also give you a free share of stock when you sign up – it’ll be worth anywhere from $2.50 to $200+ (if you’re really lucky).
You have a 1 in 80 chance of getting Visa, Microsoft, or Apple. It’s not common but it’s also not extremely rare.
Robinhood also offers cryptocurrencies so you can sign up so when you get your free stock, sell it, and then buy whatever crypto you want. Robinhood is completely safe to use.
These are the reputable sources we’ve found so far (that don’t require a transaction) – we will add to this list whenever we learn of others.
William Poole says
This is not free, you still to come up with some type of form of money period. Their is a deposit. The only way you getting free crypto is mining crypto period.
That’s true, no free lunches!