Get easy and free bitcoin with the bitcoin magazine app
Time to stack those SATs with some free bitcoin with the bitcoin magazine app, I am always on the hunt for more ways to top up my bitcoin balance. At the beginning of this month, I stumbled upon a superb app for this that gives you free bitcoin just for reading some articles, all from the comfort of your phone.
I have always been a fan of the learn and earn opportunities, and will always post the latest when they become available, and have earned quite a pretty penny, sorry crypto currency, by completing these opportunities, so this is a similar process to that, you learn about bitcoin and get paid some bitcoin for the privilege.
What is the bitcoin magazine app?
The bitcoin magazine app is an app that can be downloaded on to iPhone via the app store, or any android through google play. Then you can earn from reading articles every day, or entering their flash codes, and can then withdraw this bitcoin via the lightning network.
How to earn bitcoin through the bitcoin magazine app?
There are two main ways to earn bitcoin through the app:
The first is by reading the articles, each day there will be a main article that for reading on your phone you will get 50 Satoshi’s, worth just over 1 cent at time of writing, then for each other article you read that day, you can earn an additional 5 sats. So, all I have been doing is reading the main one each day as a minimum.
Secondly there is another way to really boost your satoshis balance, this is through the flash codes posted by the app on twitter, these normally come on a Friday, but last for few days afterwards as well, and are normally in the amount of 200 – 300 satoshis.
Now this doesn’t sound like much, but don’t forget it is free, not a bad way to boost these balances. As with all things money earning online, consistency here is the key, doing this every day for a week, can have you earning 600 satoshis, you then add them up over the year, as well as the potential for the price to rise exponentially, then it could be a very good use of your time.
As well as not forgetting, you will be learning a lot of valuable information, about this often-misunderstood asset class.
How much do you need to withdraw
Sometimes with these things, it is all good you are seen to be earning a fair bit, but it is worth nothing if you can’t withdraw it to your own crypto wallet. But that is not the case with this app, you can withdraw your bitcoin at a very modest amount of 500 satoshis, which you can earn in less than a week.
Earn an extra 2100 satoshis minimum with their 21-day plan
This is an excellent way to earn the fundamentals of bitcoin, each day you receive an email from the app, if you open it and read it, and do the same for 21 days you can earn minimum 2100 satoshis, with the chances of earning even more.
You can find the link on their twitter or within the app at the top of the banner or here.
There are two things you need to do which is open each of the emails daily and then at the end of the 21 days complete the quiz to earn
What is the lightning network?
You receive your bitcoin via the lightning network, so you will require an appropriate wallet.
One of the concerns of bitcoin is that transactions can take a long time, and have expensive fees, this problem is remedied by the lightning network, which allows transactions to happen with next to no fees and lightning fast.
Want to understand what the lightning network is – check out the official write up here
The app recommended by bitcoin magazine was wallet of Satoshi, which is recommended by many others elsewhere as well. Once downloaded you can go on to your wallet and withdraw by linking to wallet of Satoshi incredibly easy, the transaction happened instantly, and I am now in control of my own money, there was literally no fee either/
What have you got to lose?
I can’t see this app continuously paying out satoshis forever, but at the moment, you can earn a modest amount with ease, learn about the crypto currency, and withdraw to your own wallet. All round this is a good thing, and as much as getting free bitcoins is always a good thing, the biggest thing I like about this app is that it gives the opportunity to teach and learn about the currency, how it works, and highlight the big possibilities of the lightning network.
It is my firm belief that when it comes to bitcoin we are still early, but once you get it you realise the potential, just as millions are as well as many global companies and governments, bitcoin is inevitable, and this is another opportunity to jump on the train and understand it before the masses.
