How To Earn Bitcoin (BTC) In India?   (2024)

No matter how the Indian government oversees cryptocurrency, there are many crypto enthusiasts in India, who leave no stones unturned not only to earn more and more money from cryptocurrencies but also to earn passive income opportunities by accumulating Bitcoin itself.

Many crypto investors and traders are into earning Bitcoin in order to make quick money. Here’s a well-explained read dedicated to the various methods and ways which helps you to earn Bitcoin in India.

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What Is Bitcoin and How Does Bitcoin Work?

Before moving further, let’s understand the concept of Bitcoin and how it works.

Bitcoin is a form of virtual currency which uses the blockchain technology to handle transactions which take place between the users on a decentralized network. The transactions are placed on the open-sourced Bitcoin blockchain and are recorded in a form of public ledger. Every transaction is stored in a unique block which gets attached to the main blockchain to form the series of transactions. In turn, the blockchain technology makes the transaction secure, transparent and secured, without involving any kind of intermediaries such as government or banks.

Different Ways To Earn Bitcoin

Mining Bitcoin

Mining is one of the most sorted ways to earn Bitcoin by solving a cryptographic puzzle which helps to add a new block to the Bitcoin’s blockchain network. The miner is supposed to mine by choosing Bitcoin mining software and ratify the transaction in a process called mining. However, the task of mining digital coins is not easy as it seems. Bitcoin mining can be regarded as a proper job or a kind of profession rather than just a hobby. It also requires huge consumption, expensive equipment, high electricity costs and a lot of space to carry out mining operations.

Once the miner is able to solve a complex cryptographic puzzle successfully, they are rewarded with free Bitcoins and transaction fee. The miners who are able to mine successfully can earn up to 6.25 BTC per block as they validate. Apart from mining fee, they also receive transaction fee which is also paid in Bitcoin. It is to be noted that mining for the largest cryptocurrencies such as Bitcoin requires a lot of energy as competition to earn Bitcoin rewards is extreme.

Some miners join with others to form a larger mining pool. This is a very common practice as due to big mining pool, the various groups of miners work in tandem with each other to have better chances of earning profits.

Lending Bitcoin

Bitcoin lending is a popular method of earning Bitcoin via various lending platforms. These lending platforms connect borrowers who need crypto with crypto holders who are ready to lend their coins for an attractive interest rate.

Lending is a risky way of earning Bitcoin but comes with higher earning interest rates even up to 15% per annum. However, if there is no collateral involved which hold the borrower liable to pay for the loan, lending can be an extremely risky affair. Crypto lending platforms such as BlockFi, ZebPay, CoinDCX, Crypto.com, Nexo, Holdnaut facilitates Bitcoin lending and borrowing services at good interest rates.

Holding Bitcoin

Investors with a long-term view on cryptocurrency hold Bitcoins and then sell their position at a huge profit when prices are high. Also, if you already own Bitcoins, you can also deposit them in interest bearing crypto platforms and gain interest on the same. Another approach in Bitcoin investment is putting money in Bitcoin-based startups, blockchain technology companies, to make huge profits and earn more Bitcoin.

Bitcoin Trading

Trading is one of fastest ways to earn more Bitcoins where risk involvement is also high as compared to other methods of earning Bitcoins. The trader must have the knowledge of Bitcoin charts, market moves and should be able to take speculative risks while trading in Bitcoin. They can earn more via adopting several trading strategies such as buy and sell, hedging, Intra-day trading, and market trend trading. So, if you want to earn more by becoming a crypto trader, make sure you have enough time and most importantly capital to invest in informative crypto trading lessons.

Read More: Best Crypto Apps in India

Claiming Airdrops

You can also earn free Bitcoins by claiming Airdrops, where you are required to spread the word or increase the awareness about a certain crypto product or any coin.

Such airdrops events are associated with free distribution of Bitcoins or other cryptocurrencies which are given to only selected users. Users are eligible for airdrops only by fulfilling specific criteria, such as interaction with any cryptocurrency platforms. Whereas, developers organize airdrop events for attracting more and more users. The most popular crypto airdrops in 2022 were Lucky block, Metamask, StormGain, DeFiChain, Battle Infinity and many others.

The claiming process of airdrop differs from one crypto project to another. Some developers will drop the coins automatically into the wallets of users, however in other projects, users can claim the required token by showing the “snapshot,” as a proof of ownership. This snapshot acts as a sort of record of token holders taken at a specific block.

And, for taking part in bounty airdrops, the users are required to have accounts on social media platforms such as Facebook, Twitter and Telegram.

Help to Find Bugs

There are many developers and large tech crypto organizations which tend to offer incentives in the way of free Bitcoins, if some user helps them to locate glitches and bugs in their system.

Featured Partners

1

Mudrex

Legacy

Over 1 Million Investors Trust Mudrex for Their Crypto Investments

Security

Mudrex is Indian Govt. recognized platform with 100% insured deposits stored in encrypted wallets

Fees

Enjoy zero crypto deposit fees and industry's best fee rates.

Invest Now

On Mudrex's secure application

2

BlackBull Markets

Multiple Award-Winning Broker

Listed On Deloitte Fast 50 index, 2022 Best Global FX Broker - ForexExpo Dubai October 2022 & more

Best-In-Class for Offering of Investments

Trade 26,000+ assets with no minimum deposit

Customer Support

24/7 dedicated support & easy to sign up

Sign Up Now

On BlackBull Market's secure website

3

Skilling

Welcome Bonus On First Deposit:

Get $30 in your verified trading account on your first deposit.

Variety:

Trade CFDs in crypto, forex, stocks, metals, commodities & more!

Intuitive & Cheap:

Designed for traders of all levels, from beginners to professionals.

Invest Now

On Skillling's secure website

Please invest carefully, your capital is at risk

Bottom Line

In the world of cryptocurrency there is no easy or low-risk way to make money with Bitcoin. However, if you are really well-versed with the basics and fundamentals of Bitcoin and observe its moves very closely, then surely you find a lot of ways to create opportunities for additional income streams by earning Bitcoins.

How To Earn Bitcoin (BTC) In India?   (2024)

FAQs

How to generate Bitcoin in India? ›

Mining Bitcoins at home is challenging and requires certain steps to achieve good results. The first step is to set up the hardware properly and search for a strong power connection. The person then can create a mining wallet in any trading platform of their choice and join a mining pool to proceed further.

How to earn Bitcoin free in India? ›

Different Ways To Earn Bitcoin
  1. Mining Bitcoin. Mining is one of the most sorted ways to earn Bitcoin by solving a cryptographic puzzle which helps to add a new block to the Bitcoin's blockchain network. ...
  2. Lending Bitcoin. ...
  3. Holding Bitcoin. ...
  4. Bitcoin Trading. ...
  5. Claiming Airdrops. ...
  6. Help to Find Bugs.
May 5, 2023

How do you earn in BTC? ›

How to Make Money with Bitcoin
  1. Lending Bitcoin. A lot of people use Bitcoin lending in order to earn some money. ...
  2. Bitcoin Mining. Bitcoin mining is another great way for investors to earn some money. ...
  3. Bitcoin Faucet Websites. ...
  4. Bitcoin Trading. ...
  5. Bitcoin Buying. ...
  6. Bitcoin Affiliate Marketing. ...
  7. Accepting Bitcoin as Payment. ...
  8. Bitcoin Tips.
Apr 9, 2024

What is the minimum investment in Bitcoin in India? ›

Investors can add money to their wallets and use this money to buy bitcoins. The minimum investment amount can be as low as Rs. 100. This limit can vary from exchange to exchange.

How to generate Bitcoin for free? ›

Bitcoin Faucets: These websites offer free Bitcoin in exchange for completing small tasks. Crypto Savings Account: Deposit your crypto to earn interest over time. Coinbase Learn and Earn: Read and watch educational resources from Coinbase to earn rewards.

What is the best app to earn free Bitcoin? ›

9 Bitcoin Apps to Earn BTC for Free (Legit and Easy Apps)
  • All you have to do is pick which apps suit your preferences and download them. ...
  • Table Of Contents..
  • #1 – Freecash#2 – Pawns#3 – Ember Fund#4 – Crypto.com#5 – Binance#6 – FeaturePoints#7 – Honeygain#8 – Cointiply#9 – Surveytime.
Nov 29, 2023

Can I get Bitcoin without money? ›

You've earned free crypto that you can sell for Bitcoin. Chasing airdrops is a good way to gain crypto without investing fiat money, and it can become a full-time job. To succeed, you must keep an eye out for airdrop announcements, be cautious of scams, and always do your research.

Is Bitcoin legal in India? ›

Yes, cryptocurrency trading is legal in India, but it is also a highly regulated industry. Here's a detailed overview of the legal status of cryptocurrency trading in India.

Can I mine bitcoin for free? ›

CryptoTab is a free Bitcoin mining software that allows you to mine cryptocurrency while browsing the web. You can download and install the CryptoTab browser on your Windows, Mac, Android, or iOS device and start mining with one click. You can also increase your earnings by inviting your friends to join the browser.

How can I get Bitcoin in India? ›

Step 1: Register and Verify Your Account on a Crypto Exchange
  1. Step 1: Register and Verify Your Account on a Crypto Exchange.
  2. Step 1: Register and Verify Your Account on a Crypto Exchange.
  3. Step 2: Add Funds to Your Wallet. ...
  4. Step 2: Add Funds to Your Wallet. ...
  5. Step 3: Place Your Bitcoin Order. ...
  6. Step 3: Place Your Bitcoin Order.
Mar 7, 2024

Can I convert Bitcoin to cash in India? ›

You have to deposit your crypto into an exchange like WazirX. Then you need to place a request for withdrawal in the currency of your choice. The money will be deposited into your bank account after some time.

Can I buy Bitcoin in India for 1000 rupees? ›

You can purchase a fraction of bitcoin valued at 1000 rupees. Several crypto exchanges, including ZebPay, permit users to buy fractional amounts of various cryptos, including Bitcoin. You can start your crypto journey on ZebPay with as little as INR 100.

How long does it take to mine 1 Bitcoin in India? ›

The shortest amount of time it can take to mine at least 1 bitcoin is about 10 minutes. However, the actual time it can take you depends on several factors such as the hashing power of your mining hardware, the overall network hash rate, and the Bitcoin mining difficulty.

Is it legal to mine Bitcoin in India? ›

Yes, crypto mining is legal in India, but there are tax implications.

Is Bitcoin profit legal in India? ›

The gains from trading cryptocurrencies are subject to tax at 30% (plus 4% cess) as per section 115BBH. Any transfer of crypto assets on or after 1 July 2022 for an amount of Rs. 50000 or Rs. 10,000 in some cases is subject to a Tax deducted at source (TDS) at 1% under section 194S.

Is Bitcoin mining profitable in India? ›

With the right setup, Bitcoin mining is profitable. However, there is no definitive way to know how much money you will make from Bitcoin mining. This is because there are many variables that can determine profitability. For a start, you'll need to purchase Bitcoin mining equipment – known as ASICs.

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