How to Get Free Bitcoin – Bonuses & Promotions You Didn’t Know About

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 – up to $400

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.

There is a $200 bonus when you make your first cryptocurrency purchase. The additional $200 is based on incentives and promotions you can earn as a result of your account.

Sometimes, this means watching a series of videos about a new cryptocurrency and answering a few questions. 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.

Learn more about Coinbase

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.

Get free stock from Robinhood

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.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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William Poole
3 years ago

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.

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