Proof-of-Work: Bitcoin Back Programs That Put Your Money To Work For You
August 15 2021 - 7:23PM
NEWSBTC
Bitcoin price is near $50,000 and everyone wants as much of the
ultra-scarce cryptocurrency as they can. Investors have been known
to sell their homes or take other wild risks to get their hands on
some. However, there are ways to get BTC for every little
effort, or by doing mundane, everyday things like shopping for
groceries, dining out, and even walking down the street. Even more
interesting is that many of these offer this Bitcoin for free up
front for signing up, or as a reward for participating in some type
BTC-back program. Best Ways To Get Bitcoin For Free As
Bitcoin grows, we’ve put together a list of the best of the best of
these programs for the biggest chance to get Bitcoin one way or
another. Lolli Lolli tops our list because it gives and gives
but asks for so little back. In fact, it costs nothing to use, but
earns you up to 30% back in BTC on purchases from select retail
partners. These aren’t nobody partners, either. Lolli’s
current lineup includes Macy’s, Nike, Best Buy, GameStop and so
much more. In the market for a PS5 anyway? Activate Lolli in your
browser or from your smartphone to take advantage in a few
clicks. Lolli’s smartphone app also offers a “daily stack”
where users can get free sats each day and up to a $100 surprise
worth of BTC. New users also can get $5 in BTC with the code
M8C4QM. BlockFi BlockFi’s credit card is a rather new
addition to the company’s line up of products, which generate
interest on idle crypto assets. The big pitch here is that every
purchase you make gets you 1.5% back. The reward is doubled
during an introductory period, so depending on how much you spend,
the more you can stack. Bitcoin rewards are paid monthly into a
BlockFi account that begins to generate up to 4% APY, compounding
any BTC rewards you earn. Related Reading | What Bear Market?
Bulls Now “In Control” Over Every Bitcoin Timeframe If you’re the
type to pay off your balance regularly, running regular spending
through the BlockFi card instead can net some serious crypto
holdings in no time, for doing things you’d be doing anyway.
With a price chart like this, earning even a little BTC can make
you a lot of money | Source: BTCUSD on Tradingview.com Fold Card
and Fold App If the fact that BlockFi is a credit card and debt
rubs you the wrong way, there is also the Fold card, offered by the
makers of the Fold App. The Fold card is a debit card you fund
yourself, so there’s no debt involved. Fold got its start
offering BTC back rewards on gift cards, but has evolved into a
much larger service. In addition to still offering gift cards with
a substantial amount of sats back, there’s also a daily wheel users
can spin for a chance to win free sats. Related Reading |
Three White Soldiers: The Signal That Shows Bitcoin Bulls Are
Preparing For Battle Users of the Fold card also can spin a prize
wheel following each purchase made. Prizes range from a sats-back
multiplier to a full BTC. There are also unique prizes presented
depending on the current prize wheel partner. Registering for the
Fold App also offers free BTC for signing up. Coinbase Card
Coinbase also offers a debit card, however, this card doesn’t debit
dollars from an account, it debits cryptocurrencies stored in
wallet which are converted into dollars at the point of sale.
The merchant gets paid in dollars, but the user pays via their
crypto holdings. In exchange for using the Coinbase card over other
cards, users are offered either Bitcoin back or Stellar
(XLM). The catch here is that although it does reward you in
crypto also, the Coinbase card will eat into your crypto assets, so
depending on your goals, other options might be better suited for
you. However, Coinbase offers $10 in Bitcoin when you sign
up. sMiles If all of these other ways to get Bitcoin rewards
require too much effort on your part, what about doing nothing more
than walking around? Amazingly, that’s exactly what this smartphone
app offers. sMiles tracks your steps by connecting with your
phone’s health app, and then gives you free sats depending on how
many steps you’ve taken for the day. The company appears to
be laying the groundwork for other ways to earn BTC, such as gift
cards, videos, prize wheels, and more. It also uses Lightning
for its backend. I have a sneaker addiction that pays for itself.
How? I buy all my @Nike #AirForce1 from @FinishLine or @footlocker
using @trylolli and paying via my @fold_app card. The #Bitcoin I
earned in 2020 is worth more than a dozen pairs of sneakers.
pic.twitter.com/N2h9mPFJkd — Tony "The Bull" Spilotro
(@tonyspilotroBTC) June 7, 2021 Follow @TonySpilotroBTC on Twitter
or via the TonyTradesBTC Telegram. Content is educational and
should not be considered investment advice. Featured image
from iStockPhoto, Charts from TradingView.com
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