Is Free Bitcoin A Scam
Do you think that free bitcoin is a scam? Honestly, not necessarily. In this scam review we are going to differentiate the scam free bitcoin from the legit free bitcoin.
Have you ever heard this popular adage?: “There ain’t no such thing as a free lunch“. Well, it really means what it means, right? Then, is that also true when someone offers you Bitcoins for free? This is what we are going to find out here.
Of course, you will admit that it is totally human to be seduced by an offer when you are promised free Bitcoins. Even at absolute lowest value, Bitcoins can cost something like $3,500 a unit.
This would mean that even if you were to receive just 0.1 (one tenth) of a Bitcoin without costing you a penny, it would earn you something like $350.
Obviously, this kind of offer would most likely tempt many of us. But how can we be sure that this is not a well set trap put in place by some clever scammers?
The easy answer to this is that you can simply keep well away from any dodgy free bitcoin scam.
Yeah, easy to say! But how do you make the difference between the scam and the legit?
This is what I am going to explain here in this review:
As I am of a positive nature, let us begin with the legitimate free Bitcoin offers:
Not all Free Bitcoin Schemes are scam
Yes, sometimes, you can potentially earn some free BTCs (short for Bitcoins) without pulling out a dime out of your wallet.
However, don’t you believe that someone will simply throw at you a bunch of free Bitcoins out of pure generosity. Definitely not, but they might happily give you some Bitcoins if you can do something for them that will in turn earn them some money.
Let us see how:
1 – Online Games
You will often come across online gaming platforms offering you a small amount of Bitcoins as a reward for clearing a certain number of levels or simply to win a number of points.
The reason for this is because the more time you spend on these platforms, under the sway of some possible earning, the more you will be shown adverts on which they earn some income from.
You will easily recognise these platforms as they will usually be totally littered with banner ads. The website owner will then pay you a tiny percentage of the income they get out of displaying the adverts.
2 – Bitcoin Faucets free or scam?
You will also learn that some website owners will pay a minute amount of Bitcoins in order to attract visitors to stay for as long as possible on their website.
In such case, every minute counts or even over a short period of time. So, when you spend some good amount of time on the Bitcoin faucets, you will earn some Bitcoins worth a few dollars; as these websites make use of this sort of bait as a way to get you on board.
3 – Affiliate or Referral Programs
You most likely have heard of referral or affiliate programs. Perhaps you are already earning an income, full time or part time referring people, friends or acquaintances to some products or services via your affiliate link.
Well, this works the same way, with the difference that, instead of earning some dollars, euros, yens, pounds, etc., you earn a number of free Bitcoins.
To give you an example:
In the “Coinbase exchange” system, you can wrothly earn US$10 worth of Bitcoins when signing up through an affiliate link.
But, I can guarantee you that you will never get rich with these kinds of affiliate programs. If you want to know how to make a serious income online with a reputable affiliate program, I suggest that you look at my #1 recommended money making opportunity.
4 – Ask for Donations
Time and again, you will find that Reddit users solicit the crypto community to make a Bitcoin donation. Even by receiving small amounts from time to time in this way can end up in you earning a certain number of Bitcoins.
But personally, to me, this way of earning some Bitcoins looks very much like sitting at the corner a busy street with your hat and begging for a few coins.
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Now let’s talk about the Free Bitcoin Scam
One way that you will easily identify a free Bitcoin scam is when they openly, or indirectly, ask you to first send some money prior to sending you some Bitcoins.
With just a bit of common sense, you should realise that it’s not free anymore. In this case, you can immediately conclude that it is a scam.
But, to be fair, although online gambling sites that are offering free Bitcoins appear to be doubtful, they are not necessarily operated by scam artists. They usually function in the same way as the regular gambling platforms. You might have the opportunity to earn a few free Bitcoins. But I won’t really bank on that to make a living from home.
And to conclude …
As you have seen in this review, it is quite easy to identify a free Bitcoin scam. And not to fall in the trap. Although there are a few legit ways to earn your free Bitcoins. But really, is it worth the time and trouble?
To enable you to compare this free Bitcoin opportunity with my #1 recommended money making opportunity, I have compiled the following comparison table and I let you be the judge for yourself:
So, that’s it for now …
Thanks for reading
Now you can identify the free bitcoin scam. If you have any other tips in this particular field, my readers and myself would like to hear from you. Should you have any problems and would like to find a solution, please make use of the box below. I normally respond within 24 to 48 hours. If you enjoyed reading this article please share it socially. Also post your appreciation in the comments area below, I will highly appreciate it!
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“There is no such thing as free lunch”, is a classic Friedman phrase when you take microeconomic 101. Lol good old times. I am currently investing in Bitcoins and Ethereum by using the platform called coinbase. I think these free bitcoin pay games and cash pay games do not pay you enough money for a full income. It is more of a side income and you just enjoy a little money here and there. For scams, I think as long as we all do researches and see all the red flags, we should all be fine.
Thanks for expressing your views on the subject Nuttanee. It is always great to hear from someone who is actually using the system. Personally, these free bitcoins offers remind me of lottery tickets, you buy one and win enough to be able to buy an extra two, so you buy them and win nothing this time, but you become tempted to give it a go again, and there you are investing your own money in the hope that this time you will win the jackpot.
Of course, I personally know some people who struck it rich on the lottery, and some who are making crazy money with Bitcoins, but it is not happening to everybody.
I prefer to invest my time and money building a business of my own, like at Wealthy Affiliate, and earn a comfortable residual income for life.
I wish you the very best Nuttanee and I look forward to seeing you here again soon.
P.S. Just to let you know that I have posted a new article that might be of interest to you: “What Is The WordPress Gutenberg Editor About“. Let me know what you think.
Thanks for the tips. I am a newbie to bitcoin. In some ways I’m a bit scared of it simply because it’s something I’ve not been involved in yet, so I haven’t taken the plunge and tried to earn any bitcoin yet. I have seen many platforms where I earn money and gift cards, but not bitcoin. Do you have any platforms that you recommend to earn bitcoin?
Also, do I need to create a special account for bitcoin? Like say an equivalent to PayPal, or is there even such a thing?!
Thanks in advance. I’ll also check out your Top Recommendation. Sounds interesting.
I know the feeling Melissa. I have heard so much about Bitcoin that you can lose a lot money if you are not careful, and to add to injury, there are those scammers who are there to get your money to the last cent. For these reasons, I have never really put my nose into it. I far more prefer a good affiliate program like Wealthy Affiliate where you have zero risk and can at least try it for free and learn the business.
Therefore, I am not in a position to recommend any Bitcoin platforms to you, but I am sure that some of my readers will be able to.
I guess that you have to open a Bitcoin account just like you would with PayPal or other online payment applications.
I just want to let you know about my latest article that I have just posted, just in case you have missed it ~~> How To Make Money With Amazon Affiliate Links
Let me know what you think, okay?