How to Earn Bitcoin

The risk free way of owning Bitcoin, is to Earn it.

As you learn about Bitcoin, you will start to understand that it is first and foremost a savings technology. A place where – once you understand how to properly secure it – you are comfortable saving a significant percentage of your wealth.

However, you will not feel this when you first get started. You will be sceptical and wary. This is a good thing, Bitcoin can be volatile, and the value of a Bitcoin can change dramatically in a day.


Method 1 – Bitcoin Back

Do you shop? Of course you do! Did you know that you could be receiving cashback – or more accurately Bitcoin back – just by using a simple service like Fold or Lolli.

These services offer up to 17% (Fold) and 27% (Lolli) Bitcoin back for shopping with some of the biggest brands in the world like Amazon.com, Burger King, Gap, Nintendo, Uber, Groupon and Adidas to name just a few.

Basically, you earn Bitcoin, just for doing something you’d already be doing. Who doesn’t like free money!

They work slightly differently to each other.

Fold

Fold works in-store, online and in-app. Using Amazon.com as an example. You purchase a gift card for Amazon.com via the Fold App. You can either use your credit or debit card to do this, or use the Lightning network to get more Bitcoin back. Rewards are immediately deposited to your account so you can spend them, save them or withdraw them to your personal wallet.

They will also shortly be offering a Fold rewards card in partnership with Visa, that will allow you to get Bitcoin back on all purchases!

Lolli

Lolli works online or via a browser extension. Either log in to the Lolli website, and click the shop link to receive your rewards or install the browser extension and it will automatically tell you when there is a Bitcoin back offer when you are shopping with one of their partners.

First the Good News

If you currently use a credit or debit card with a rewards programme to make your purchases, you can receive both rewards!

Now the Catch

Both Fold and Lolli are currently only available in the USA. You can however download the app (Fold) or the browser extension (Lolli) in order to refer friends. Lolli offer $10 in Bitcoin when they shop; and, Fold give 20,000 free Satoshis to new users and allow you to Spin the Wheel once a day for a chance to win up to 1 million. If you spin the wheel every day, you are guaranteed 250 Satoshis for what they call a streak!

Method 2 – Work for Bitcoin

A new Twitter account @BitcoinerJobs arrived on the scene in February 2021 alongside the website bitcoinerjobs.co

They hit the ground running and quickly became the go to location for the likes of Swan Bitcoin, Coinfloor, Lightning Labs, Strike, Unchained Capital, River Financial and many more.

As you’d expect, the majority of the jobs are in the Engineering discipline, but it’s great to see HR, Sales, Customer Service and Finance jobs in there too.

Definitely worth the follow if you want to work for Bitcoin.


Method 3 – Games

Are you a gamer? How would you like free Satoshis just for playing games?

Bitcoin Bounce is a great example of a mobile first game offering Satoshis as prizes. Check out the Play section for more information.

Also consider following @THNDRGAMES on Twitter for the latest information on gaming via the Lightning network.


Method 4 – Accept Bitcoin

Do you make or resell a product? Do you provide business-to-business services? You could consider being paid in full or part in Bitcoin. You could even offer a discount to your customers if they paid you in Bitcoin.

All you need is a simple and free Bitcoin wallet available from the Apple or Android app stores. You give them a public address and an amount, and hey presto you’re now earning Bitcoin.


Method 5 – The Sun Exchange

This one is slightly different but they are my favourite business that is part of the circular Bitcoin economy.

The Sun Exchange is a company that crowd-funds solar panel installations (on schools, vineyards, aged-care homes etc) in South Africa. Contributing to the funding of a project (from as little as $5) entitles you to 20 years of income from the solar installation, with an IRR of more than 11%!

What’s more, you can be paid – if you wish – in Bitcoin. So basically, you’re streaming Bitcoin to your wallet by monetising sunshine. Help the planet, help yourself!

Don’t believe me, let Founder and CEO Abe Cambridge tell you the whole story.