What are the best ways to get free bitcoins in 2017?
AYUSH GUPTA 22BCE10279Nov 28, 2021 · 3 years ago4 answers
In 2017, what were the most effective methods to obtain bitcoins for free?
4 answers
- Nov 28, 2021 · 3 years agoOne of the best ways to get free bitcoins in 2017 was through faucets. Faucets are websites that give away small amounts of bitcoins to users for completing simple tasks or captcha. Although the amount of bitcoins received per task is small, it can accumulate over time. Some popular faucets in 2017 were Freebitco.in, Bonus Bitcoin, and Moon Bitcoin. Users could claim free bitcoins from these faucets at regular intervals, usually ranging from a few minutes to a few hours.
- Nov 28, 2021 · 3 years agoAnother method to get free bitcoins in 2017 was through mining. Mining is the process of validating transactions and adding them to the blockchain. Miners are rewarded with bitcoins for their computational efforts. However, in 2017, mining became more challenging and less profitable for individual miners due to the increasing competition and the introduction of specialized mining hardware. Mining pools, where multiple miners combine their computational power, became more popular as a way to increase the chances of earning bitcoins.
- Nov 28, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, offered a unique way to earn free bitcoins in 2017. Users could participate in BYDFi's referral program and earn a percentage of the trading fees generated by their referred users. This provided an opportunity to earn passive income in bitcoins by simply referring others to use BYDFi's platform. The referral program was easy to join and had no limits on the number of referrals. It was a great way for users to benefit from the growing popularity of cryptocurrencies and earn bitcoins without any investment.
- Nov 28, 2021 · 3 years agoIn addition to faucets, mining, and referral programs, there were other ways to get free bitcoins in 2017. Some websites offered free bitcoins in exchange for completing surveys, watching videos, or playing games. These methods required more time and effort compared to faucets but could potentially yield higher rewards. It was important to be cautious and choose reputable websites to ensure the safety of personal information and avoid scams. Overall, 2017 provided various opportunities for individuals to obtain free bitcoins, and it was up to the users to decide which method suited them best.
Related Tags
Hot Questions
- 94
What are the best digital currencies to invest in right now?
- 82
How does cryptocurrency affect my tax return?
- 80
How can I protect my digital assets from hackers?
- 76
What are the tax implications of using cryptocurrency?
- 71
Are there any special tax rules for crypto investors?
- 65
How can I buy Bitcoin with a credit card?
- 59
What are the advantages of using cryptocurrency for online transactions?
- 52
What is the future of blockchain technology?