How to Earn Free Bitcoin in May 2022

Although Bitcoin trades for tens of thousands of dollars, there are a number of ways that you can earn a small fraction of a BTC token without needing to risk any money. 

In this guide, we discuss the 12 best ways to earn Bitcoin for free from the comfort of your home.

Read on to find out how to earn Bitcoin instantly for free via the above methods. 

A Closer Look at the Best Ways to Earn Bitcoin

Although you won’t get rich by looking at ways to earn Bitcoin for free, this at the very least will allow you to gain exposure to this market without risking any money. 

After researching the public domain extensively, we found that the best ways to earn Bitcoin and other crypto assets for free are the methods discussed below.

1. Bitcoin Games – Overall Best Way to Earn Free Bitcoin

Although our top pick does not allow you to earn Bitcoin for free per se, Lucky Block offers an even better alternative as one of the best crypto lottery platforms. In a nutshell, Lucky Block is building a crypto game that revolves around a number-drawing process. 

That is to say, if your number is selected from the random daily draw, you will win a percentage of the jackpot prize. Now, in order to buy a ticket to enter the draw, this costs $5 – payable in the project’s native digital token, LBlock.

However, Lucky Block offers the opportunity to earn a free ticket – meaning that you can bypass the $5 requirement. In order to achieve this, you simply need to hold an allocation of LBlock tokens and connect your private wallet to the Lucky Block app each day. 

In terms of prizes, the jackpot pool is funded by transaction fees that are collected by the Lucky Block network. As of writing, the Lucky Block pool stands at over $2.2 million. This can be independently verified via the respective LBlock blockchain address here.

Another thing to note about Lucky Block is that the project has also released its very own NFT collection – which consists of 10,000 unique tokens. In buying a Lucky Block NFT, not only will you have lifetime access to the daily jackpot prize, but numerous other benefits. 

This includes a variety of free giveaway draws – with prizes including an actual Lamborghini car worth £270k and $1 million in cash. In order to buy Lucky Block tokens so that you can grab your daily free ticket, you can head over to the project’s website for more information.  

Cryptoassets are a highly volatile unregulated investment product.

2. Interest Accounts – Earn 7% Worth of Bitcoin Per Year via a Savings Account

The next method to consider in your quest to earn free Bitcoin is to open a crypto savings account with Aqru. This top-rated provider offers the best Bitcoin interest account in this market – with a huge APR of 7% on the table. 

In other words, by simply depositing your BTC tokens into Aqru, you will earn free Bitcoin via regular interest payments. In fact, Aqru distributes its interest payments each and every day. This means that every 24 hours, you will have more free Bitcoin deposited into your account.  

A huge benefit of using Aqru in comparison to its competitors is that there is no limit to the amount of Bitcoin you can earn. That is to say, platforms like BlockFi and Binance cap the amount of interest that you can generate at their headline rate to just 0.01 BTC. 

After that, the interest rate is dropped significantly. However, in the case of Aqru, its APY of 7% can be maximized to any amount of your choosing. Moreover, Aqru does not require you to engage in crypto staking or to sign up for a minimum lock-up period. 

On the contrary, all Aqru Bitcoin accounts are flexible – meaning that withdrawals can be requested at any time. We also like that Aqru does not charge any fees – other than a $20 withdrawal charge when you cash out in crypto. Fiat withdrawals are processed free. 

Cryptoassets are a highly volatile unregulated investment product. 

3. Cashback – Crypto Credit Card With an Unlimited 1.5% Cashback Paid in Bitcoin

BlockFi offers a popular crypto ecosystem that covers everything from loans and crypto savings accounts to exchange services and a fully-fledged wallet. The platform offers a crypto credit card that is issued by Visa. 

As a result, not only can you use your BlockFi credit card to make purchases in-store and online, but to withdraw cash at ATMs. In terms of how to earn Bitcoin via the BlockFi credit card, this comes in the form of cashback. 

Put simply, every time you make a purchase on your BlockFi credit card, you will earn 1.5% in cashback – which is paid in Bitcoin. For instance, if you spend $100 at a restaurant, then you will earn $1.50  in cashback. 

Moreover, for the first three months of using the card, the Bitcoin cashback rate is increased to 3.5%. Once you generate $50,000 in annual spend, you will earn 2% cashback for the remainder of the year. 

With that said, a variety of terms and conditions are applied to the aforementioned cashback offers, so be sure to check this before applying for a card.  

Cryptoassets are a highly volatile unregulated investment product. 

4. Sign-Up Bonuses – Earn up to $200 in Free Bitcoin for Opening an Exchange Account

Another great way to earn free Bitcoin is to take advantage of sign-up bonuses offered by crypto exchanges. At the forefront of this is Coinbase, which allows eligible US residents to earn up to $200 via its lucky wheel promotion. 

In order to be eligible, you will need to be a new Coinbase customer. Once you have opened an account, you will then need to buy cryptocurrency.

You can do this instantly by using a debit/credit card or PayPal, albeit, Coinbase charges 3.99% in fees when using these payment methods. 

Nonetheless, after completing your purchase, you can then spin the lucky wheel to earn free Bitcoin. According to Coinbase, 11% of users will win between $6 and $200. The remaining 89% will win between $3 and $5. 

Cryptoassets are a highly volatile unregulated investment product. 

5. Bitcoin Mining Pool – Earn Free Bitcoin Passively via Cloud Mining Pools

The next method to consider is a Bitcoin mining pool. As you might already know, miners ensure that Bitcoin remains decentralized. Every time a new block is mined – which happens every 10 minutes, 6.25 BTC is distributed to the successful miner. Although solo mining requires a significant capital outlay – this isn’t the case when using cloud pool websites. 

Instead, you can invest a small amount of money to buy a share of a mining rig. This will allow you to earn free Bitcoin passively, as you are entitled to your share of any mining rewards that the pool generates. 

6. Learning Rewards – Learn About Bitcoin and Blockchain Tech to Earn Free Crypto

There are a number of online platforms that allow you to earn free rewards for learning about Bitcoin and blockchain technology. Coinbase, for example, offers numerous online courses which upon completion – allow you to earn crypto. 

Although payments are rarely made in Bitcoin itself, the crypto that you earn can then be converted into BTC. You can either do this via Coinbase itself or another crypto exchange should you wish to benefit from lower commissions. 

7. Bitcoin Casino Promotions – Take Advantage of New Customer Sign-Up Offers

Although gambling is a high-risk endeavor, there are numerous crypto-centric casinos that offer sign-up promotions as a means to entice you to open an account. If you are a new customer of the platform, then you can often claim a free bonus upon meeting certain conditions.

For example, some platforms will match your first deposit in free Bitcoin – which you can then use to play your favorite casino games. Ordinarily, you will need to meet a minimum wagering requirement before you can withdraw your free Bitcoin tokens to a private wallet. 

8.  Bitcoin Faucets – Claim Free Bitcoin for Completing Basic Tasks

If you want to earn free Bitcoin without spending any money, then you might consider joining a faucet website. In its basic form, a Bitcoin faucet allows you to earn free BTC simply for completing a task. 

This might be, for example, a task that requires you to fill out captcha forms or even test out a new mobile gaming app. Either way, upon completing each task, you will receive a very small allocation of BTC tokens. 

9.  Sell Goods for Bitcoin – List Your Unwanted Goods on a Bitcoin Marketplace

Another easy way to earn free Bitcoin without risking any capital is to list your unwanted goods at an online marketplace that specializes in crypto deposits and withdrawals. In a similar nature to eBay, platforms like Ethair allow you to list goods via a ‘Buy Now’ or auction setting. 

Once one of your…