How to Earn Free Bitcoin with Lolli
Ever wonder how to Earn Free Bitcoin? Bitcoin or BTC, the digital currency is becoming more and more popular despite Government and Institutional battles to quench it.
The Cryptocurrency industry as a whole is gaining more ground, spreading into different sectors of our societies. Not giving some reasonable amount of attention to this new way of storing value may be regrettable anytime soon.
Here is some bit of good news:
There are opportunities out there that add a bit of some more spice to your life, allowing you to do your regular things while earning some of this very scarce digital money. And now we want to talk about one of these opportunities.There are opportunities out there that add a bit of some more spices in your life, allowing you to do your regular things while earning some of this very scarce digital money. #Lolli Click To Tweet
How to Earn Free Bitcoin by Shopping Online with Lolli
I came to know about Lolli through Lisa and I think the business model is exciting. To the best of my understanding, it’s actually built on the foundation of Affiliate Marketing, which makes it a legitimate Bitcoin rewards opportunity.
Lolli is a platform that puts together over 500 shops online. By visiting any of these partner shops and making a purchase, Lolli earns a commission, which they share with you.
So you see it’s not based on some fake, baseless trading promises. There are tons of Bitcoin reward sites out there that are purely a scam. I can always figure them out at a reasonable distance:
- They make wild and unrealistic promises.
- Their underlying business model isn’t tangible enough.
- The team is fictitious.
- No reliable partnerships.
- No physical address.
Shopping with Lolli
Shopping online increased dramatically in 2020 and looks to continue through 2021. Why not make some money along the way as you shop with Lolli? Lolli introduces the launch of §SatsTags, your new bitcoin identity!
Your Lolli §SatsTag allows you to share your identity, participate in bitcoin giveaways, and receive bitcoin to your unique address — without the need for bitcoin addresses or emails! Lolli will send you $1 in bitcoin when you claim your §SatsTag.
Lolli is Not a Shop
I want to quickly clear this up.
Lolli is not a shop. You don’t buy from them at all. You go through their tool (including browser extensions) to shop online from hundreds of businesses and when they earn a commission from your purchase (paid to them by the shop), you get a cut too:
(They have recently added Groupon and groceries markets! Lolli is always adding new stores for you to shop online.)
How to Shop with Lolli and Earn Free Bitcoin
You will need the browser extension for your active browser (Firefox and Chrome at the moment). While you are in your account, just use the search box to locate the shop you want to buy from:
Once you locate the shop, click on the “Shop” button. This will take you to the shop where you perform your normal purchase.
Lolli will get paid a commission from your purchase and your share will be converted into Bitcoin and deposited into your Lolli account. You may transfer these to your bank account (into dollars) and then into the Robinhood app as well.Lolli will get paid a commission from your purchase and your share will be converted into Bitcoin and deposited into your Lolli account. #Lolli #Bitcoin Click To Tweet
Does it Really Work?
First, it doesn’t hurt to try it out as it’s completely free. You are not required to pay any fee to access the platform. If you try it and your commissions are not paid, then drop it. If not, why waste an opportunity to cash back on your online shopping exercises?
Here is some earning proof:
How Do You Spend Your Bitcoins?
The biggest question in Cryptocurrency is how and where to spend the money. What’s money for if it cannot be converted to goods, services, or other currencies?
It’s been a huge problem in the Cryptocurrency industry especially with those coins that are yet to be listed in any crypto stock market or exchange platform like the very popular Binance.
There are three main things you can do with your Bitcoin earned on Lolli:
- Hold (HODL) for the long term. If the value appreciates, you make more money. If it depreciates, you lose. But I’m bullish when it comes to BTC. The long term is going to be a huge gain.
- Convert it to other currencies.
- Buy stuff online.
1. Hodl – Hold Your Coins
Hodl is a cryptocurrency jargon for the word “HOLD” which simply means you keep your coins. Do not spend yet despite current movements. Hold it or save it for the long term.
There are different ways to hold your coins:
- In a hot wallet (online/Mobile wallet) with all the risks.
- In a cold wallet (offline paper or hardware wallet)
Avoid keeping your coins with exchanges or other online platforms that don’t give you access to your Private Key. Your private key is the secret code that gives you access to transfer your coins. Exchange platforms won’t give you this piece of material because of reasons beyond this post.
You have to also transfer your coins from the Lolli platform. Not because you think they are going to mess up but simply because Lolli is not a storage organ that gives you access to your Private key.
Your Private key will allow anyone to have access to it to withdraw your coins from any wallet app. That means if you are not in the keeping of the key, your coins are not completely under your control.
If you move your coins to Binance and the next day, the platform is down for some reason, that would mean the end. Hence, there is absolutely no way to retrieve them.
Blockchain.com is one of the most popular Bitcoin hot wallets you may want to try out.Hodl is a cryptocurrency jargon for the word 'HOLD' which simply means you keep your coins. #Bitcoins Click To Tweet
2. Trade Your Coins
Another option is to move your coins to cryptocurrency markets and begin trading or simply buy other coins (FIAT or CRYPTO). This is easily done on cryptocurrency brokers or exchange platforms like Binance, coinbase, coinmama, etc.
3. Buy Stuffs Online is How to Earn Free Bitcoin
There are shops online that accept cryptocurrencies (Bitcoin) alongside other fiat currencies. You just have to follow instructions to make payments with your BTCs.
The only problem here is most of these platforms I have come across won’t approve any refund requests. This is because of the way Blockchain functions and the fluctuating nature of BTC.
In the past, I wrote a post on how to buy web-hosting with cryptocurrencies. You may want to check that post out.
BitDegree is a Cryptocurrency video course platform like Udemy. What’s interesting here is you can pay for courses in three different cryptocurrencies:
Beware of Cryptocurrency Scams
There are thousands of different cryptocurrency SCAMs out on the net, most of them promising you heaven the following day.
We’ve seen tons of these terrible promises walk away with huge sums from naive and greedy investors who want millions overnight.
One of these is the common Paypal and Bitcoin Money Adder SCAM I wrote about a couple of months ago.
Anything that promises you free Bitcoin without clear methods of how you earn the coins should be shunned.
Avoid cryptocurrency-based Multi-Level Marketing business. These generally are SCAM or poorly planned projects whose doom is near. Short term affiliate programs and bounties are ways authentic cryptocurrency projects motivate their marketers.
Before you invest in any cryptocurrency project, be sure to carry out a thorough investigation to minimize the risk of being scammed. Therefore, the industry is new, profitable, and at the same time highly risky.Anything that promises you free Bitcoin without clear methods how you earn the coins should be shunned. #Bitcoins Click To Tweet
Over to You
Finally, we would love to know if you wondered how to earn free Bitcoin? Have you done anything with cryptocurrency yet in the past year? Please drop a comment so we can discuss.