How To Earn Bit Coin's

Introduction

If you're looking for simple ways to get free bitcoins, you've got tons of options.

Whether you're a new bitcoin user looking to get your hands dirty with your first bitcoin wallet, or just looking for additional ways to earn free bitcoin for performing simple tasks, this site contains an up-to-date list of the best free bitcoin websites.

Each of the sites below allows you to earn free bitcoin: some by viewing ads, some by answering captcha challenges, and some by doing crowdsourced work. If you're looking to earn some free bitcoin, you came to the right place.

Not sure how to use bitcoin?

If you've never actually used bitcoin before, you won't be able to take advantage of the sites listed below since you don't yet have a bitcoin wallet (think of a bitcoin wallet as a debit card). If you'd like to sign up for a bitcoin wallet, you can do so through Coinbase(the most reputable and reliable bitcoin bank).

Creating a Coinbase account allows you to receive and store your bitcoin safely (just like a real bank), as well as send and transfer bitcoin when you need to. You can also use Coinbase to buy and sell bitcoin for US dollars.

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Earn Free Bitcoins (BTC) 

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Legal issues

Legal issues

Bitcoin's association with criminal activities has historically hindered the currency from attaining widespread, mainstream use and has attracted the attention of financial regulators, legislative bodies, and law enforcement. The Washington Post has labeled it "the currency of choice for seedy online activities," and CNN has called Bitcoin a "shady online currency." Its links to criminal activities have prompted scrutiny from the FBI, US Senate, and the State of New York. The FBI stated in a 2012 report that "bitcoins will likely continue to attract cyber-criminals who view it as a means to move or steal funds".

In March 2013 the US Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as Bitcoin, classifying American "Bitcoin miners" who sell their generated bitcoins as money services businesses (or MSBs), that may be subject to registration and other legal obligations. In August 2013 the German Finance Ministry characterized Bitcoin as a unit of account, usable in multilateral clearing circles and subject to capital gains tax if held less than one year.] The New York State Department of Financial Services, citing its authority to regulate money transmissions and its concern with criminal activity (Silk Road in particular), announced an inquiry in late 2013 into possible regulations and guidelines for Bitcoin (a "BitLicense") and the holding of public hearings in New York City. The US Internal Revenue Service has also stated that it is actively working on its own rules for Bitcoin.

At the same time, the European Banking Authority (EBA) gave a nuanced nod of approval to Bitcoin usage. Issuing what was formally a "warning" to consumers its about dangers inasmuch as Bitcoin businesses are not regulated or licensed as banks in EU and EFTA areas, they further admitted that these businesses are not currently required to operate under such regulations, thus acknowledging the status quo.

Some have suggested that due to its close association with illegal purchases, governments could outlaw Bitcoin. This assertion has been made by Steven Strauss, a Harvard public policy professor, and was also mentioned in 2013 SEC filing made by a Bitcoin investment vehicle.Bitcoins are not currently illegal in the US, however. FBI Special Agent Christopher Tarbell has stated that "Bitcoins are not illegal in and of themselves and have known legitimate uses".

Wallets

Wallets

Wallets allow a user to make and accept payments using Bitcoin. At the most basic, a wallet stores a public key, which some refer to as a Bitcoin address, and its associated private key. They come in a variety of forms: apps for mobile devices and computers, hardware devices, and paper tokens. When making a purchase with a mobile device, the use of QR codes to simplify transactions is ubiquitous.
Bitcoin functions using public-key cryptography, in which a pair of cryptographic keys, one public and one private, are generated. In the case of Bitcoin, the public key functions as an address to which payments can be sent, and the private key acts as a safeguard; it must be presented when making a payment from an address. Because anyone with a private key can spend all of the bitcoins associated with its corresponding public key, securing and protecting is important to prevent theft, which has occurred on numerous occasions. The practical day-to-day security of Bitcoin wallets remains an on-going concern.

Blockchain

Blockchain

ntegral to Bitcoin is a public transaction log, the blockchain, that records bitcoin ownership currently as well as in the past. By keeping a record of all transactions, the blockchain prevents double-spending. Cryptography is used to protect the integrity of the blockchain.

This master list of all transactions is maintained by a distributed network of computers that does the payment processing work of Bitcoin.] Users who devote computing power to maintaining the blockchain in this way are called "miners" and are rewarded with newly created bitcoins as well as fees. Payment processing work done by miners verifies each transaction as valid and adds it to the blockchain. As more bitcoins come into circulation the reward for doing payment processing decreases and will stop altogether when the Bitcoin upper limit of 21 million bitcoins has been reached. As Bitcoin achieves wider recognition and more people compete to mine the coins, competition for the limited number of bitcoins awarded for payment processing work becomes steeper and more powerful computers are needed in order to compete—a fact which has spawned a technology boom in sales of Bitcoin mining technology. In addition, Bitcoin is designed to increase the difficulty of payment processing as more miners connect to the network.

What is Bitcoin (BTC)

What is Bitcoin (BTC)

Bitcoin is a peer-to-peer payment network and digital currency based on an open source protocol, which makes use of a public transaction log. Bitcoin was introduced in 2009 by pseudonymous developer Satoshi Nakamoto. It is called a cryptocurrency as it uses public-key cryptography. When paying with bitcoin, there will be no exchange of digital notes or tokens between buyer and seller. Instead, the buyer requests an update to a public transaction log, the blockchain. This master list of all transactions shows who owns what bitcoins currently and in the past and is maintained by a decentralized network that verifies and timestamps payments. The operators of this network, known as "miners", are rewarded with transaction fees and newly minted bitcoins.

Bitcoin has been a subject of scrutiny due to ties with illicit activity. In 2013 the FBI shut down the Silk Road online black market and seized US$28.5 million worth of bitcoin. However, the United States is currently considered to be Bitcoin friendly compared to other governments[citation needed]. In China, new rules mean bitcoins cannot be exchanged for local currency, and the European Banking Authorityhas warned that Bitcoin lacks consumer protections. Theft of bitcoins can and does occur. Generating and storing keys offline mitigates such risk, however.

Commercial use of Bitcoin, illicit or otherwise, is currently small compared to its use by speculators, which has fueled price volatility. However, Bitcoin is also used to pay for products and services. Merchants have an incentive to accept the currency because transaction fees are lower than the 2-3% typically imposed by credit card processors. Notable vendors accepting Bitcoin include OkCupid, Reddit, WordPress, and Virgin Galactic.

There is a distinction between capital-b and lowercase-b bitcoin. When capitalized, Bitcoin refers to the protocol and transaction network, whereas lowercase-b bitcoins are the currency itself. As of 23 December 2013 the number of Bitcoin network peers was about 172,000.