5 ways to get Bitcoin for free | Explaining methods and precautions

Bitcoin (BTC) is one of the crypto assets (virtual currency) used for transactions on many exchanges and in the real world from the first transaction in January 2009 to the present.As of February 2022, the market capitalization has exceeded 85 trillion yen, and 1BTC (BTC = Bitcoin currency unit) is as high as about 4.5 million yen, and the market size is expanding year by year.

On the other hand, exchanges are conducting campaigns and services to distribute Bitcoin to attract customers, and if you use it well, you can get Bitcoin for free.In this article, we will introduce how to get Bitcoin for free, as well as points to note when you get Bitcoin for free and exchanges that are suitable for storage. Please see until the end.

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Get Bitcoin for free

The most popular way to get Bitcoin is to buy it with cash on a cryptocurrency exchange.

On the other hand, exchanges are conducting campaigns and services to distribute Bitcoin to attract customers, and if you make good use of it, you can get Bitcoin for free.

Since you can get Bitcoin for free, you can start trading Bitcoin without risk. If the price of Bitcoin soars, it is possible that the amount of Bitcoin you have saved for free will increase several times.

5 ways to receive Bitcoin for free

There are five main ways to receive Bitcoin for free.

Exchange campaign

Payment of utility bills

Shopping and use of services

Use of point site

Play the game and cash

We will explain in detail 5 methods such as how to get Bitcoin directly and how to convert points to Bitcoin.

2-1 Exchange Campaign

You can get Bitcoin for free as a reward for various campaigns such as account opening campaigns and friend referral campaigns conducted by exchanges.

Depending on the type of campaign, it is necessary not only to open an account but also to actually make a transaction, so be sure to check the details of the campaign and the conditions for receiving it.

In this article, we will introduce the exchanges where you can get Bitcoin just by opening an account.

DMM Bitcoin

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2,000 yen will be credited to the trading account of the person who opened a new account by 6:59 on April 1, 2022 (Friday) during the campaign period.

However, please be aware that those who have a history of DMM Bitcoin cancellation will be excluded from receiving the campaign.

2-2 Payment of utility bills

Since Coincheck, an exchange operated by Coincheck, Inc., has also entered the infrastructure business, you can pay utility bills for electricity and gas with “Coincheck Denki” and “Coincheck Gas”.

With Coincheck Denki, you can get up to 7% Bitcoin depending on the monthly electricity bill, and with Coincheck Gas you can get 3% Bitcoin.

It is a mechanism that is returned according to the payment of utility charges that occur every month, and the longer you use it, the more Bitcoins you will receive, so it is better to use Coincheck to pay utility charges.

However, it should be noted that you will not be able to receive service on both Coincheck Denki and Coincheck Gas.

2-3 Shopping and use of services

Some exchanges have campaigns where you can get bitcoins when you use online shopping or services, and bitFlyer’s “get bitcoins” is a typical campaign.

Not only online shopping, but also for travel reservations and hometown tax payments, you can get bitcoins by using the service via bitFlyer, so it is convenient to just open an account.

2-4 Use of point site

You can also use the points site to convert the points you have collected into bitcoins, or you can get bitcoins instead of points.

At the point site, you can earn points by answering questionnaires and mini games, in addition to online shopping and using services via the point site.

Not all point sites can be converted to Bitcoin, so it is a good idea to select and use a point site that can be converted to Bitcoin.

2-5 Play the game and cash

There are games that can convert tokens distributed in the game into Bitcoin and games that can convert products sold in the game into Bitcoin.

It is a nice service for game lovers because the action in the game leads to profits, and the more you play the game, the more Bitcoin you earn.

There is also a simple game that predicts whether tomorrow’s Bitcoin will go up or down, so even those who are not good at games can get Bitcoin for free.

Precautions when getting Bitcoin for free

There are two things to keep in mind when getting Bitcoin for free.

1Requires an account to store Bitcoins

2 Taxes will also be levied on the Bitcoins you receive

If you do not have an account to store Bitcoin, you may not be able to get Bitcoin that you should have been able to get for free, and you may be obliged to pay tax depending on the amount of Bitcoin you got for free. I will explain.

3-1 Requires an account to store Bitcoins

In order to store Bitcoin, you need an account that supports Bitcoin storage.

In many cases, the deposit will be made to the wallet prepared by the exchange where you can purchase Bitcoin, but since the storage destination differs depending on the service, check the wallet where the service to receive Bitcoin is stored and open an account. Let’s do it.

3-2 Taxes will also be charged on the Bitcoins you receive

Although Bitcoin is encrypted data, it is treated as an asset, so if you receive and sell Bitcoin for 200,000 yen or more per year, you will be obliged to pay tax, so you must file a tax return. ..

If you are subject to taxation, you will be paid tax at the income tax rate according to the total income, which is the sum of the profits obtained from the transaction of virtual currency including Bitcoin to the income of your main business.

It can be said that it is difficult to get more than 200,000 yen with Bitcoin that can be obtained for free, but it is possible to operate virtual currencies such as Bitcoin and exceed 200,000 yen, so there is no loss to remember. Probably.

 For those who are hesitant to buy Bitcoin, which has become expensive due to the trend of cryptocurrency trading, I explained how to get Bitcoin for free.

There are five ways to get Bitcoin for free.

Exchange campaign

Payment of utility bills

Shopping and use of services

Use of point site

Play the game and cash

In both cases, you can get Bitcoin with almost no risk, and the earlier you start, the more Bitcoin you can get for free, so it is a good idea to start early.

However, in order to earn Bitcoin for free, you need to pay attention to the following two points.

1Requires an account to store Bitcoins

2 Taxes will also be incurred when selling the Bitcoins you receive

Please note that Bitcoin is encrypted data but is treated as an asset, so it must be stored in a suitable place and in some cases tax obligations will be incurred. You can rest assured that the above exchanges have a wide range of service campaigns and high security levels. When opening an account, it is recommended to open the above three accounts.

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