Are you keen to get free bitcoin? Well, the idea does sound enticing, but the source of the bitcoins needs to be genuine. To make your quest simpler, we will explore different channels to acquire free bitcoins and help you dig out the best one.

How to Acquire Free Bitcoins

If you want to get free bitcoin, then there are several sources available. The easiest way to get free bitcoin is by accepting them as a mode of payment. For that, you will first need to get access to a bitcoin wallet.
When you have your bitcoin wallet, then you can add the funds to your wallet. Some sites ask you to do a variety of tasks so that you can get free bitcoin. For example, you may be asked to watch ads.

You can also get free bitcoin through the process of mining. When you readily perform the mining transactions, then what your computer does is that it adds the Bitcoin transactions to the blockchain, and next, it searches for the new blocks.

You can get hold of free of cost bitcoin through the process of trading also. The Bitcoin world offers you arbitrage opportunities. It is important first to identify the free bitcoin sources you should never select.

Untrustworthy Sources to Get Free Bitcoin

Why Bitcoin Faucets Are a Big No

There are many different sources to get free bitcoin, and one such source is Bitcoin faucet. The faucets are sites that give out Bitcoin rewards in the form of Satoshi that is considered to be the smallest unit of the bitcoin.

Most people invest their trust in Bitcoin faucets, but we feel that it is not a smart idea. The bitcoin faucets can surely be termed as a waste of time. If you go about exploring Bitcoin faucets the entire day, even in that case you will just be able to earn about 0.005 BTC.

If you compare this figure with the on-going exchange rate, then you will realize that this amount is even less than 50 cents. Another annoying aspect about the Bitcoin faucets is that you have to deal with irritating captchas.

The problematic part is that you will need to enter the captcha characters and then click on the claim button to get free bitcoin.

If you really want to reap the benefit of the captchas, then the strategy you need to devise is that you need to get hold of different faucets and this can be time-consuming. There is no denying the fact that the only people who can earn profits through the faucet are the ones running the faucet.

If you are eager to get any tangible profit through the faucets, then you will have to make this activity your full-time job, and most people cannot afford to do this.
What you need to remember is that there is nothing like a free lunch and this term truly applies to the cryptocurrency industry. Another thing that you need to remember is that the faucet rewards are not fixed so you just cannot count on these rewards.

Bitcoin Faucets You Need To Avoid For Sure

Let us explain the issues of Bitcoin faucets with some practical examples. Let us assume that you choose Faucetbox. Now, then the biggest issue with this faucet is that it has got an open script so hackers and bots can easily attack it.

This means that you will end up putting your security on the line if you opt for Faucetbox. Another problem is that people can use proxies to claim the BTC more than once and it can be one hard job to track the cheaters.

There is another faucet known as Paytoshi. The biggest issue with this faucet is that it will not be able to help you in bringing traffic.

Staying Away From Bitcoin Casinos

Some people also turn to bitcoin casinos to get free bitcoin, but this should not be an option for you because it has its set of risks. What you need to understand here is that Bitcoin is quite a volatile currency. The exchange rate moves quite quickly. If the exchange rate moves in a positive direction, then this practice benefits you, but you cannot ignore the fact that the exchange rate can move negatively also.

This is why if you intend to get free bitcoin through Bitcoin casinos, then it is not a wise approach. Another important thing to understand is that the Bitcoin casinos do not offer security. This means you will not be able to get back your investment if something goes wrong.

The most important thing to remember is that if you are turning to Bitcoin casinos to get free bitcoin, then you may have to deal with unfair gaming. This statement holds true for the licensed casinos also. There is no denying the fact that online bitcoin casino scams are quite common.

What most Bitcoin casinos do is that they offer promotions that seem to be too good to be true. Most people get lured towards these promotions thinking that they will get free bitcoin, but the results are disappointing.

The practical scam currently operating in the market include the names of If you pay more than 0.5 BTC to the site, then rest assured that you will not be able to get your money back. In fact, your account disappears after some time.

This is why you need to be on your guard.

Bitcoin Lotteries Are a Red Flag Alert

If you are keen to get free bitcoin through bitcoin lotteries, then you need to stop right here. If a lottery site promises to help you get free bitcoin, you should not be carried away by the situation. In most of the cases, you will not find any information on the site about the owner. This is the first scam alert.

Most of the Bitcoin lottery sites do permit you to roll the dice, and you are not charged for this. However, you need to register on the site. You register with the perception that you will get free bitcoin. Some sites even claim to be offering about $200 in the bitcoins, but this is more of an idealistic situation.

The winning scenario is quite uncommon with Bitcoin lottery. Some sites state that once you have about 0.0003 BTC, then you can even get daily interest which is about 0.01%. Even if you are promised that you will get reward points for each roll, you should not get carried away by this option.

There can also be a chance that the free BTC may show up in your account but the withdrawals can be a problem. Some of the scams operating in the market include the name of The biggest issue with is that they do not show you the hash.

Bitcoin Cloud Mining Is Also Not an Ideal Option

If you are dreaming big and thinking that you will get free bitcoin through cloud mining, then this may not happen in the first place. The biggest issue is that the risk of fraud exists with cloud mining. You will also need to pay an extra maintenance fee for the particular cloud mining company.

Some companies also tend to terminate the contract quite suddenly if mining becomes an unprofitable venture. In most of the cases, the refunding policy is also non-existent so you may have to deal with a loss coming your way.

If you run the miners on your own, then you can look forward to better payouts in comparison to opting for cloud mining. Another troublesome aspect of cloud mining is that you will not be able to enjoy any control over the equipment. This eventually can turn out to be a big hassle for you.

Hashflare offers cloud mining, but they do not have a smooth flow either. Just way back in December 2017, they had to deal with withdrawal issues. Most users agree to the terms and conditions of these services without thinking. In most of the cases, the terms state that the service can alter the daily fees or even alter the mining contract duration. This does pose a lot of risk for the user.

Now, that you are aware of all the untrustworthy methods to get free bitcoin, we need to look at the brighter side of the picture also. There is one platform that will help you get free bitcoin without any risk whatsoever. Yes, we are referring to the name of BitcoInvest. Let us give you a brief overview regarding how you can benefit from this platform.

The Trustworthy Source to Get Free Bitcoin: Bitcoinvest

You can safely term BitcoInvest as the Wall Street for Bitcoin Trading. When you sign up with this platform, then you can look forward to getting back your return just in a matter of 30 days. BitcoInvest offers three different plans. This is why it is up to you to choose the plan that suits your requirements. Click Here to visit the official website.

The first plan requires an investment of 0.01 ETH, and you can look forward to 10% in just three days. The second plan requires you to make a minimum investment of 0.02 BTC, and you can look forward to a return of 30% in 10 days. The third plan requires you to make an investment of 0.05 BTC, and you can get a 100% return just in a matter of 30 days.

BitcoInvest also offers a referral program. This means that you can earn about 50% of the initial investment through your referral link. What most online sites do is that they delay your payouts, but this is not the case with BitcoInvest.

Commissions are paid to you on an immediate basis, and this is what makes this platform more enticing. The site is completely secure, so you will not have to worry about any hacking possibilities.

The best part is that using this platform is quite simple. First, you have to select your investment plan. Once you have made your selection, you will be re-directed to the payment page. When you have made your payment, then you will have to submit your BTC address. This is the address where you will receive your payment.

There is no login page available. The reason is to ensure the security of your transactions. What makes BitcoInvest stand out is that they have responsive customer support. If you have any queries or concerns, you can visit their contact us page. You can enter your query on the page. The platform ensures that your query is answered at the earliest.

The interesting thing about this platform is that has been able to acquire immense popularity in a short span of time. They have already got about 100 positive reviews in just one month from people who have been successfully paid through this site. This shows that your success is sure shot if you opt for BitcoInvest.

Ideally, it is advisable to go for a platform that has already established its reputation, and BitcoInvest does live up to this standard. Exploring unknown platforms can turn out to be a risky venture, and your investment may go waste. This is something that you will surely not want at all.

This is why you should not waste your time and effort on all the untrustworthy methods to get free bitcoin. Follow the proactive approach and turn to BitcoInvest.

Author's Bio: 

This is Rimmy from New Jersey and people call me nerd. I am a professional academic writer. and working in the field of academic content writing from past 5 years. I have completed my PhD and now working full time as a freelance writer.