Like Bitcoin, Bitcoin Cash also offers some great opportunities for investors. But before investing in any asset, you should consider its risk-return and decide on a strategy, either in the short or long term. Once you learn that investing in Bitcoin Cash requires some sweat and brains, you may start wondering if it is possible to actually earn free Bitcoin Cash (BCH) and collect it without any effort or investment. Knowing that there is no such thing as free lunch or a money tree, wanting to learn how to get free Bitcoin Cash may seem like a waste of time. Well, not exactly, but you can surely spend your time better than looking for ways to earn free BCH and buy a pie in the sky in the process.
What is Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency that was created in 2017 from a “fork” in the original Bitcoin blockchain. Think of it as a branch on a family tree that can then form new branches of its own.
Bitcoin Cash (BCH) is a proof-of-work blockchain network and cryptocurrency that’s faster and cheaper to use than Bitcoin (BTC). For many of us, the first question will be the value of each as an investment. At the time of writing, the Bitcoin price in India is over Rs. 35 lakh, while Bitcoin Cash price in India was over Rs. 50,000. Of course, as an investor, the price of the tokens is not as important as whether or not they appreciate in value, so that’s not the only thing you need to know.
Among the other major differences, the first and the foremost is that Bitcoin Cash, as compared to Bitcoin, has a lower transaction cost and transfers data quickly. So, Bitcoin Cash can be used by more people at the same time. Having said that, it’s important to note that Bitcoin Cash, at least for now, doesn’t enjoy as much consumer trust as Bitcoin.
The maximum block size of Bitcoin Cash is 32MB compared to Bitcoin’s 1MB. This makes it more scalable, and able to carry out more transactions per second, reducing its environmental impact, and increasing its viability as a currency, in theory. On its website, Bitcoin Cash claims that it has the capacity to process as many as 200 transactions per second, thereby also reducing the cost of transactions.
How Does Bitcoin Cash Work?
Bitcoin Cash uses a larger block size than Bitcoin—blocks are groups of transactions added to the blockchain at the same time.
Bitcoin limits blocks to 1 megabyte (MB), which allows only about seven transactions per second. Bitcoin Cash expanded the block size to 8 MB initially, and later to 32 MB, which allows it to process over 100 transactions per second.
Beyond block size and transaction speed, Bitcoin Cash works very similarly to Bitcoin. It’s an open-source, decentralized digital ledger. Miners confirm and add transactions to the blockchain by using cryptography to solve equations, receiving Bitcoin Cash tokens as reward for their work. They can then sell the coins to others. Bitcoin Cash will only release a total of 21 million coins, just like Bitcoin.
Why Earn Bitcoin Cash (BCH)
Looking at BCH’s past performance we can assume that Bitcoin Cash may increase in value in the future, but experts disagree on how much BCH can appreciate.
Bitcoin Cash had an impressive opening value, and at the end of 2017, as stated above, Bitcoin Cash jumped to over $4,000.
Since then, Bitcoin Cash has been relatively stable even during the coronavirus-triggered bearish market. However, it failed to even get close to its all-time high in the 2021 bull run, temporarily pasting $1,500 at the highest.
But all in all, with a strong roadmap and ideas for what Bitcoin should be, the future of Bitcoin Cash seems pretty bright.
In the long term, Bitcoin Cash is influenced by adoption because it increases demand. And this adoption can come in the form of more partnerships and more merchant acceptance as a payment method.
Ways to Earn Free BCH
There are numerous websites on the Internet where you can earn free Bitcoin Cash (BCH) by performing several tasks like watching ads, playing games, etc. However, you will only receive a very small portion of BCH. Free Bitcoin Cash can be beneficial when the price of BCH continues to rise over time, and helps you to earn good profits out of it. Moreover, the amount of BCH you will receive is always random and is different all the time. Here are some of the legitimate ways to get free Bitcoin Cash.
Bitcoin Cash Faucet
One of the cheapest, easiest ways to actually earn Bitcoin Cash is through crypto Faucets. BCH Faucets offer rewards in the form of tiny amounts of BCH in exchange for completing captchas or interacting with numerous ads. The amount of BCH you will receive at the end of the day is actually small to make a difference. BCH faucets may be an opportunity for you to earn Bitcoin Cash with no out-of-pocket expenses. It is not a get-rich-quick plan. It is suitable for BCH beginners to earn some free Bitcoin Cash.
Whether it’s BCH currency, or other cryptocurrencies, all faucets have one thing in common: they pay you very little. People use these faucets because they believe that over time, these fractions of free BCHer coin will build into something solid.
To utilize a Bitcoin Cash faucet, you’ll need a Bitcoin Cash wallet, which you’ll link to the faucet by entering your Bitcoin Cash wallet address. Most faucets have a minimum amount required before you may withdraw, and some even have a maximum amount.
Get Started: Now you’re ready to take the next step and earn some Bitcoin Cash!
Earn free Bitcoin Cash (BCH) on Claim FreeBCH with by doing multiple tasks.
Bitcoin Cash PTC Sites
Other well-known Bitcoin Cash micro earning sites like faucet include crypto ptc site, crypto offerwall earning sites, crypto shortlink earning sites, etc. Surveys, captchas, advertising, pop-ups, and other basic activities are among the chores that users must perform. The difficulty of the jobs will usually decide how much you earn, and each faucet pays differently.
Bitcoin Cash Airdrop
The fundamental goal of a crypto airdrop is to raise awareness of a blockchain startup, initiative, or service. The team may bootstrap its project and ensure a fair distribution of tokens among its community from the start by issuing tokens to users.
Airdrops are free tokens offered at the start of a project for purposes of promotion. Most projects use it as an opportunity for publicity. These may require you to do some social tasks like sharing links with your social media. Currently, you can search for real crypto airdrops at CoinMarketCap, Airdrops.io, CoinLean, Icomarks, and other platforms.
In some cases, users receive Bitcoin Cash airdrop in exchange for completing certain tasks. These tasks frequently include:
- Following people on social media.
- Including hashtags in a share or retweet of one of their posts.
- Sending or receiving Bitcoin Cash (using a particular crypto platform or wallet).
- Signing up for updates and creating an account
There are also times when consumers can receive a crypto airdrop without having to do anything.
Bitcoin Cash GameFi
Multiple online Blockchain-based games allow earning free Bitcoin Cash. There are certainly many poker or casino games that offer sign-up, welcome, loyalty, deposit, withdrawal, and other types of bonuses in the form of free BCH as long as you spend money on them. Getting a Sign-Up or Welcome bonus on these platforms may or may not require you to first deposit money.
Bitcoin Cash Bounties
Bounties are an excellent way for programmers or coders and non-coders to earn BCH by identifying and reporting flaws in platforms. Many crypto projects offer bounties as part of development, either in Bitcoin Cash or other tokens. Regarding that, check the Bounty0x bounty hunting platform which also helps users learn crypto. Bounties can earn you a hefty amount of Bitcoin Cashs.
Learning About Bitcoin Cash
You can also earn Bitcoin Cash by learning about Bitcoin Cash from websites like Coinbase. These sites offer various courses and videos about crypto. You just need to answer the quiz questions or need to clear some specific tasks. Based on that, you will be rewarded with a small portion of a specific crypto coin.
Shopping Reward
You can earn free Bitcoin Cash when doing your regular shopping online. Using shopping reward companies you need to download an extension to your browser, use it as a checkout on various brands and earn up to 30% cashback on your purchases.This is a great way to earn Bitcoin Cash while shopping for stuff you were gonna buy anyway.
Bitcoin Cash Interest
The cost of borrowing anything, in this case BCHer, is referred to as interest. If you already own Bitcoin Cash, you can deposit it in an interest-bearing account and gain interest on it. Most companies that supply Bitcoin Cash loans also allow customers to lend out their Bitcoin Cashs for interest. If, for example, you don’t need cash, you can still deposit your Bitcoin Cashs and receive annual interest on your deposit. This means your Bitcoin Cashs can generate additional income for you, instead of just lying around in your Bitcoin Cash wallet.
Owning a Faucet
While participating as a faucet user might not earn you a lot of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively easily and earn money or crypto coins including Bitcoin Cash from selling ads on your site. Running a faucet requires a reasonable amount of time and effort. You’ll need to set up your own website, manage users, prevent fraud and also bring some initial capital to fund the faucet when starting out.
Write about Bitcoin Cash
If you’re into cryptocurrencies and have a knack for words you might want to consider becoming a crypto journalist or article writer. As the crypto industry evolves, more and more news and information websites are popping up. In many cases these sites are in need of writers as they are publishing dozens of articles each week. Since good writers are hard to find, if you can submit quality work you may be able to earn a nice revenue stream by writing about Bitcoin Cash and cryptocurrencies from the comfort of your own home. The best ways to find work as a writer would be to look for the “jobs” section in your favorite crypto publications. You can also email specific sites you’d like to write for, or you can create a writer profile on Upwork – an international freelance marketplace. It’s best if you have some sample articles on hand before applying for a writing job as many publications would request previous work before hiring you.
Bitcoin Cash Affiliate Program
There are thousands of affiliate programs that can help you win free Bitcoin Cash. The best affiliate marketing work is if you have a busy website and can generate huge traffic. You can then share your affiliate link on the website. You can earn free Bitcoin Cash by introducing people to cryptocurrency websites if you’re excellent at persuasion. Links are used in referral schemes to recruit new members.
Free Bitcoin Cash Cloud Mining
When it comes to mining, Bitcoin Cash is the most essential and profitable coin. The concept of cloud mining is when data centers rent out their hashtags to individual customers. You can rent any amount of hashrate you wish, and the Bitcoin Cash mined will be sent to your address. You can get rid of the difficulties of equipment maintenance and operational costs for a minimal investment. Cloud mining being very popular means there are sites on which you can earn free Bitcoin Cash either as a bonus or as free rewards without deposit obligations. It’s critical that you only buy from reliable organizations and that you pay attention to the contract’s provisions.
Conclusion
Earning free Bitcoin Cash is a fantastic method to eat a piece of the pie of blockchain technology. You don’t have to be concerned about losing free coins. This provides you the opportunity to experiment with it and learn the ins and outs of the new possibilities. You will have an amazing opportunity to learn more about cryptocurrencies, blockchain networks, digital wallets, and much more while earning some BCH in your spare time.