If you ever want to know how to earn free Bitcoin online in Nigeria, then I’ve made this post available for you to teach you all what you need and how to go about it.
While there many ways to earn bitcoins online but this one I’m giving you would be purely based on its free version.
You may be wondering what exact do bitcoin about. Don’t worry all the necessary terms will be explain.
What Is Bitcoin ?
According, Bitcoin is a cryptocurrency, a form of electronic cash.
It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries.
It is powered through blockchain technology.
How Does It Work?
According to Bitcoin, No one made money creating the program; it’s free and open-source! However, there are people who make money by “mining”.
From the bitcoin Wikipedia page: Bitcoins are awarded to Bitcoin “miners” for the solution to a difficult proof-of-work problem which confirms transactions and prevents double-spending.
Bitcoin To Nigerian Money (How Much Is It)
At the time of writing, one bitcoin (1Btc) worth 2,920,442.24 Nigerian Naira.
Note that the price of bitcoin is not vary.
It tends to change time to time. So to know the latest price of bitcoin you can actually type it on google and you get it. Did you understand? OK Good!
App To Mine Bitcoin
To mine bitcoin, you need to firstly download the App that do mine bitcoin. Below are 5 best apps you can download to mine your cryptocurrencies.
- Coinigy LLC.
All the app listed above are available on google play store. Just type the name of the one you want, it will surely surface.
Earn Free Bitcoin Online – The 3 Best Ways
Normally, there exist 3 best ways to earn Bitcoin online. Though out of this 3 it’s only one available for free, the rest require capital which are;
- By Mining
- By Trading
- Working in Faucet Sites
But due to the topic we’re treating here, I’ll only talk on earning free bitcoins online by working in Faucet site. Now, let’s go!
How to earn free bitcoin online by working in Faucet site
Faucet sites are those website that reward you with Bitcoin satoshis whenever you complete the tasks. This is completely, legit and pure.
This was created to make people participate in the cryptocurrency industry.
List of Faucet site to earn free bitcoin online
- 1. Free Bitcoin: Check the details below
The minimum roll: 0.00000056 BTC
Maximum cashout: 0.05361585 BTC
Payout: 0.00030000 BTC
Time to Revisit: After every 60 Min
Ref Comm: 50% on every people you ref.
Pay Mode: They on a Weekly basis
Pay Via: Blockchain Account.
- 2. Free LightCoin
Minimum you can earn per roll: 0.00001056 LTC
Maximum you can earn per roll: 2.72361585 LTC
Payout: 0.0003100000 BTC
Time to Revisit: After 60 Min
Ref Comm: 50%
Pay Mode: payment is done on a weekly basis
Pay Via: Blockchain Account.
How To Start earning Bitcoin on these sites?
1st Step: Open the Web page listed below and Enter your BTC address.
Step 2: Then, enter the Captcha code correctly.
P.S: Some websites may require solving Google Re-Captcha.
Step 3: Then, click Get Reward.
4th Step: Usually your payments will be auto and sent to your Blockchain every weekend.
Step 5: Accumulate 0.10000000BTC in your Blockchain Wallet.
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Another Ways To Earn Free Bitcoin Online
Do you still want other different ways to earn bitcoin online? Check the list below:
- Bitcoins as a means of accepting payment
- Earn bitcoins by complete survey on online surveys.
- Buy bitcoins from reliable source.
Bitcoins as a means of accepting payment:
Let’s say for example you’re offering someone that’s not in your country a service and you’re having a problem receiving your cash, you can really accept this payment through your BTC wallet.
And if you don’t have one, it is not hard to create you can proceed to creating your BTC wallet and quickly receive your BTC.
But sometimes you do not want to spend the cash and be wondering how to keep it. You can just send your bitcoin wallet address and receive your BTC.
Earn Bitcoins by completing online surveys
Online Surveys like Ysense make it easier for people to make money online by completing a survey. This website uses different payment methods which bitcoin is one of them.
It’s also an option for those that are doing survey on Ysense but yet don’t know how to cash out their earnings.
If you’d like to join Ysense and start topping up your Btc wallet, you can click here to join.
Buy Bitcoins From Reliable Seller
There are lot of people out there looking for a way to sell their bitcoin. Just make sure you don’t get scammed because there are many bitscammers.
By doing so, you can buy as many as you want and start mining it till you sell it out.
When buying bitcoin from people, make sure they send it to you first before you make payment or else… I hope you get it right?
Where to buy bitcoin?
I can’t guarantee you any place but all that I will tell you is to be smart when buying your btc.
How To Turn This Free Earned Bitcoin Into Cash?
Before you can be able to turn this free earned bitcoin into cash you will need a block chain wallet address where your bitcoin go directly as you request for payment.
To create this block chain wallet address, kindly visit their main website to fill out the necessary stuff.
Note you’ll need a working gmail account and do make sure you verify your account. At the end of this article I’ll explain how to open a block chain wallet, just keep reading.
There many ways to cash out from your blockchain wallet which are as follows:
- Look for a reliable buyer
- Shop Online with your Block chain wallet
Look For A Buyer To Sell Your Free Bitcoin To
The best popular way to turn your bitcoin into cash is to sell it out to buyer. But don’t lose guard, there are many bitscammer out there.
Always make sure there’s existence of escrow or third party when selling out your bitcoin if you don’t want to get duped.
Don’t forget newlygist also buy and sell bitcoin. So we do all our transactions in a transparent manner. No form of scam here.
Shop Online With Your Block Chain Account
If you’re afraiding you might be scammed, there’s another way to turn your free earned bitcoin into cash. This process is called shopping online method.
You can actually shop on Aliexpress and resell it to make sure you finally turn it to cash.
Now I think i should start explaining how you can setup your block chain account to be enable to participate in this free online bitcoin and make cool money.
How To Set Up Blockchain Account To Earn Free Bitcoin Online
To set up block chain account you need a well function Gmail account. Let’s assume you have the requirements, now read this article from online home income.