Can you actually earn Bitcoin for free?
The short and simple answer to this question is yes, but the yes comes with a massive "conditions apply" label attached to it. Essentially there are only three ways you can own a cryptocurrency – you can purchase it directly in exchange for actual currency, receive it in the form of payment for your offered goods and services, or you can mine the cryptocurrency.While the process of mining doesn’t technically require an investment, if you want something like Bitcoin mining to be profitable, it requires quite the computing hardware. Since the software required to mine Bitcoin is open-source, anybody can start doing it, but without the processing power to decrypt millions and millions of block chains, the payout is minuscule.Do free Bitcoin earning apps for mining work?
The global limit of the number of Bitcoin was set to 21 million at the time when it was conceived, and the fact is that 12 million Bitcoins have already been generated. This means that mining for Bitcoins was much easier in the early days where users could expect the reward of 25 newly minted Bitcoins after each cycle of 1,789,546,951.05 attempts. This reward value has been halved since 2017, where the reward given out every 10 minutes is going to be 12.5 Bitcoins.What about reward-based free Bitcoin earning apps on Android?
Apart from a long list of Bitcoin mining apps on Android that offers a fixed number of Satoshi over a period of time, there are plenty of others that claim to give them out for free. From apps that offer to generate a fixed number of Satoshi based on a lucky draw system to apps that simply ask you to play their ad-riddled games in exchange for free Satoshi, the Google Play Store is packed with these shady apps.Considering the current market value of cryptocurrencies like Bitcoin, it may be tempting to see hundreds and thousands of Satoshi being added to your “account”. The bitter truth is that there is a good chance that not only your time and resources are being put to waste, but there could be lingering malicious code in these free Bitcoin earning apps unless you're playing games like Bitcoin Billionaire just for kicks-and-giggles.To be fair, there are a handful of cryptocurrency apps that help you make money by participating in surveys and buy products and services for free rewards, but it’s just not worth the effort and time you put into it. Since you’re probably looking into the world of free Bitcoin earning apps to profit off of the latest financial trend, you’ll have better luck maximizing your investment with the best cryptocurrency apps for Android.10 Best cryptocurrency apps for Android
Considering that the idea of cryptocurrency is not even a decade old, the concept has somehow become a force of change in the financial world. While your Android device may not be powerful enough to mine the elusive Bitcoins, Dogecoin or Ethereum, it can surely help you manage your cryptocurrency, analyze the current state of the financial market, and even help in using your virtual money for making online purchases.Whether you’re an early bird investor in the cryptocurrencies, recently stepped on the ship or just curious about it, here’s a list of the best cryptocurrency apps for Android.1. Coinbase – Secure Wallet
An online cryptocurrency trading platform that has been there since the early days, Coinbase is now available to mobile to easily manage their investments. Supporting the ability to buy and store cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, the company has more than 11 million active users to vouch for their authenticity.Download Coinbase – Secure Wallet
2. ZTrader Altcoin/Bitcoin Trader
If you’re not just about the Bitcoin bubble and have investments in a number of cryptocurrencies, the easiest way to maintain your financial portfolio is with the zTrader app. Built to be lightweight and effective, the app is capable of trading hundreds of digital currencies and supports whopping 17 different exchange platforms right from a single Android app.Download ZTrader Altcoin/Bitcoin Trader
3. Cryptonator
With the massive boom in Bitcoin value, the entire world is now focused on cryptocurrencies of all shape and sizes. If you’re looking to test the waters with the bunch of different options available, Cryptonator is the way to go. Instead of limiting you to the most popular ones that are too expensive to invest in for most, Cryptonator lists out a whopping 13 different cryptocurrencies.Giving you the option to shuffle between cryptocurrencies from a single account with no external fees and an attractive exchange rate, the app allows direct transactions as well. Without storing any of your files on the system, Cryptonator offers bank-grade security with SA 256-cryptographic algorithm to keep your investment safe and secure.4. Mycelium Bitcoin Wallet
Considering how valuable Bitcoins are in the current state of affairs, entrusting an app to hold your investment can seem too vulnerable. One option that has been around for a while is the Mycelium Bitcoin Wallet, which comes with some military-grade security to make sure that your money is in safe hands.Starting off with complete control over your private keys, the app comes with the ability to run multiple accounts on the same device by creating different addresses. Not only is the app compatible with other Bitcoin exchanges and trading platforms, but comes with Local Trader feature to find Bitcoin merchants around you the easy way.Download Mycelium Bitcoin Wallet
5. Blockfolio Bitcoin/Altcoin App
If trading in cryptocurrency is more than just a side gig for you, keeping a close watch on how the market rises (and eventually dips) can be crucial in protecting your investment. Thanks to this one-of-a-kind financial portfolio app called Blockfolio, you get a tighter hold on your cryptocurrency management.Download Blockfolio Bitcoin/Altcoin App
6. Blockchain – Bitcoin & Ether Wallet
Rather than spanning the growing cryptocurrency market, Blockchain wallet keeps things simple by just supporting the biggest names - Bitcoin and Ether. Whether you want to purchase Bitcoin or Ether, make payments to other users, or get a general graph on what the growth portfolio looks for the two popular cryptocurrencies.Download Blockchain – Bitcoin & Ether Wallet
7. TabTrader
Another excellent choice that may not be among the bogus free Bitcoin earning apps, but can surely help you make more on your investment. TabTrader offers a desktop-style elaborate trading terminal on your mobile device, connecting exchanges such as Coinbase, Bitmarket, Bitstamp, Bitfinex and more than a dozen others.8. ICO Market
Investing in the right cryptocurrency is all about doing your market research, and the ICO Market app is just the tool for it. Unlike most trading apps for Android, this one goes further into highlighting the catalog of available cryptocurrencies available as ICO (Initial Coin Offering) and how they rank up against each other.9. Xapo
While Bitcoin wallets come in all shapes and sizes, one key aspect that they fall short on is bringing the ability to spend Bitcoin on your day-to-day needs and wants. Started back in 2013, the Swiss have created Xapo Bitcoin wallet and vault to not just help you securely keep the valuable Bitcoin safe and secure, but help you spend it the easy way.10. MinerGate Mobile Miner
For those of you who still believe in the power of Bitcoin mining, here is one of the only few legitimate free Bitcoin earning apps we can put our trust behind. MinerGate is already an established PC platform, and they’ve extended their software across the mobile platform to garner more enthusiast miners for a portable cryptocurrency mining rig.Download MinerGate Mobile Miner
Did this guide finally help you understand how free Bitcoin earning apps work and why they simply aren’t efficient (or safe) enough to put your time and effort behind? Are there any other emerging cryptocurrency apps for Android that every investor or enthusiast should look out for? Be sure to mention it down below in the comments section, or start a conversation about the current state of cryptocurrency on the Updato Forum.