The Top Eight Ways To Earn Free Crypto
The days where you could pick Bitcoin for a fraction of a cent are long gone. Popular coins like BTC and Ether are selling for thousands if not tens of thousands of dollars. There are several promising new coins on the market to choose from at low prices, but the market is volatile, and many of them will fizzle out before offering any real returns.
If you want to get started with crypto investment or expand your existing portfolio but don’t want to spend thousands on coins, you could try to pick them up for free. That’s right - it’s possible to pick up cryptocurrencies without spending cold, hard cash! In this article, we’ll teach you how to do it.
1. Earn Free Cryptocurrency on Free Crypto Platforms
A few platforms give users free crypto coins in exchange for simple tasks, usually completing surveys. Freecash.com is one of the most popular ones. You can earn crypto coins by performing different surveys and get paid in crypto coins and cash. Some of the highest earners get $1000’s worth of crypto in a month, but most users only earn around $50. If you are willing to spend some time completing surveys, this can build up your portfolio.
2. Sign-On Bonuses
Some crypto exchanges and wallets offer referral and sign-up bonuses. eToro offers $10 to new investors when they deposit and trade $100, while the ZenGo wallet offers commission if a referral you make signs up and starts using the platform. Coinbase also offers $30 bonuses for participants using its Learn program or other initiatives. You need to watch a video, complete a quiz and answer the questions correctly to qualify. You’ll also need to provide biometric information and other forms of identification. You can also earn referral bonuses.
3. Earn Free Tokens with Crypto credit cards
Crypto credit cards are becoming commonplace in Asia. These cards work in a similar way to regular rewards cards. Instead of cashback bonuses, you can earn crypto coins back on every purchase. There are several options to choose from, including Swipe Pay, BlockFi, Gemini, and more. You can earn a percentage of your spending back with varying rewards rates. Some of these cards let you choose the coins you receive back, others limit you to specific native or altcoins.
Of course, like with any card, the rewards are really only worth your while if you plan on paying your balance regularly so that you incur too much interest.
4. Earning interest on Your Investment
Some crypto exchanges and wallets will let you earn interest on your holdings. The APY can vary from 1% to as high as 7.5%. Of course, you have to proceed with caution. Some of these interest-earning schemes are actually lending programs that can add risk to the investment. Always read the terms and conditions carefully before signing away your coins.
You earn a few extra coins by staking. Some wallets and exchanges offer staking rewards. All you need to do is leave your crypto in your wallet to earn extra coins. Many platforms offer this option because it assists with maintenance. Again, only certain coins can be staked, and you need a sizable amount of coins, to begin with. This might not be the best strategy for beginners, but staking can pay off if you are a seasoned investor with several thousand dollars worth of crypto in your wallet. You’ll have to shop around for the best rewards. Some exchanges have long staking lists as well.
6. AMA Evenings
Have you ever attended a time-sharing presentation where a sales guy delivers a pitch in exchange for possibly winning a prize? Ask-Me-Anything (AMA) evenings are based on the same principles, but they are usually far more engaging and won’t cost you anything. Several crypto companies host regular Ask-Me-Anything events to share updates about their philosophy, tokens, or blockchain. It’s usually held online, and attendees are rewarded with crypto coins after completing a short survey to prove that they really tuned in. This is a small-time investment, but the rewards are good, and you might learn something about a new coin that you didn’t know before!
Airdrops is one of the easiest and most beneficial ways to earn crypto coins quickly. Airdrops are essentially coin giveaways. They are often conditional in nature. You can participate in an airdrop by posting about the crypto platform on your social media pages, writing blogs, or being a loyal user of the blockchain or its apps. Some companies (like Uniswap) perform airdrops instead of an initial coin offering (ICO) to help their currency gain momentum. Unfortunately, there is some risk involved, so make sure to do your research. Airdrop scams are fairly commonplace, especially on social media, and many of them don’t hold any real value. Coinscope, an audit and coin discovery site, regularly announces upcoming airdrops from legitimate crypto investors. The coins are usually sent straight to your digital wallet address, but you’ll have to be quick - once news of an airdrop breaks, there’s usually a rush.
8. Browsing the Internet
Imagine being rewarded for surfing the net? Some web browsers (like Brave) reward users with crypto coins for simply browsing the web! These coins are usually native tokens developed by the browser software company, and some are really gaining traction. It may sound time-consuming, but you can earn a decent amount of cryptocurrency by simply watching videos and movies on YouTube and checking in on the news. Coins are usually paid into a wallet monthly.
There are many great ways to earn crypto without spending a cent, but that doesn’t mean it won’t cost you anything. You have to be willing to spend the time and effort it takes to make the most out of these opportunities. Most importantly, don’t let the prospect of a freebie lead to taking risks with your money or private information. Use legitimate crypto discovery platforms to find airdrops and vetted, audited crypto platforms you can count on.