Day: May 5, 2021

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Finance

Are there any legit ways of earning bitcoins for free?

Posted OnMay 5, 2021 0

After signing up for the Bitcoin account on any platform and complete all the processes and KYC, there are certain ways to earn free bitcoin. Such as,

  • One can get free bitcoins by referring the platforms to friends and family.
  • Becoming an affiliate and promoting products can also help earn free bitcoin if items are purchased from the affiliate link.

Some other ways of earning free bitcoin without investment are;

Firstly people may think it’s not possible. Or even if it’s possible, the ways to do it may not be legit. But all the steps mentioned below are legally acceptable.

  1. Direct bitcoin Lending –

Individuals can agree to lend bitcoins to trustworthy partners according to the terms and conditions, duration, and interest rates. In this way, the lending person can earn free bitcoins in return for the lender.

  1. Peer-to-peer Bitcoin lending –

Distinctive borrowers are there from different who tend to offer Bitbond to individuals. In this strategy, financing demands and requests are published by different borrowers, and individuals can take part in the lending process by contributing to the loan credit. Prior to the lending process of the bitcoins start, individuals should properly check the website to make sure that the authentic, trustworthy and reliable. When the website examines the worth of the applicant’s credit, it indirectly means the credibility of the lender also gets benefited with increments.

  1. Bitcoin Banking –

Bitcoin Banking is a bit different from the direct bitcoin lending and peer-to-peer bitcoin lending processes. This approach works the same as the working of a bank. This approach is all about the bank playing the role of the borrower. The bank is the only borrower, invests in Bitcoins. This investment is done in the form of assets. The only point of difference of this from the real bank is that no deposit insurance value is counted in the world of Bitcoins.

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