There are 11 different ways to get free cryptocurrency
Who doesn’t enjoy getting something for nothing? Those who enjoy bitcoin, on the other hand, can have their freebies as well. Consumers may receive free cryptocurrencies from a number of services, and all it takes is a little initiative to get started.
You might get more than you bargained for, given crypto’s proclivity for price volatility. Some sites may also accept cash or NFTs, which can be converted into cryptocurrency. Here’s how to get free cryptocurrencies via visiting websites, as well as what to look out for.
11 simple methods to get free cryptocurrency
1.) Join a trading exchange.
If you sign up as a client, several crypto exchanges will deposit some cryptocurrency into your wallet (just as brokerages will give you cash if you sign up as a client.) Although it may be worth your effort to gain all of them, you may want to choose the finest possible option. The good news is that this is one of the safest ways to get free money, albeit you will have to put up some of your own.
The following are some of the exchanges that provide free cryptocurrency:
Other exchanges occasionally add specials or offer time-sensitive bonuses, so keep an eye out for such extra opportunities. There are 11 different ways to get free cryptocurrency
2.) Staking cryptocurrency
Staking your crypto can help you earn a steady stream of income, which is especially useful if you’re a long-term buy-and-hold investor or trying to accumulate a large number of coins. The payouts differ from currency to coin, but they are generally higher for more speculative coins.
To confirm and govern their decentralized system, certain cryptocurrencies employ a “proof-of-stake” mechanism. Owners of digital currencies now have the opportunity to join as validators and earn money by staking their coins. You’ll help the infrastructure, get to keep your coin, and possibly earn some money in the process. Here’s how it works and how to get started with crypto staking.
3. No-cost NFTs – Get free NFT
A non-fungible token, or NFT, is a type of digital asset or artwork that has recently become extremely popular. NFTs aren’t technically cryptocurrency, but they can be quickly exchanged for it. So, how can you receive free NFTs to begin with? There are also prizes to be won for those.
You have a handful of options if you’re looking for NFTs. For starters, many new crypto projects give out NFTs as a “invite bonus” to their most ardent supporters. You may subscribe to a new cryptocurrency’s Discord channel in the hopes of winning an invite bonus pool for those who send the most traffic to the channel. There are 11 different ways to get free cryptocurrency
Another option is to keep an eye out on Twitter for NFTs freebies, which may be offered in exchange for retweeting and promoting the initiative. You could win an NFT if you retweet something. Of course, NFT handouts can result in tax complications, so keep that in mind.
4. Earn as you learn
Some websites allow you to learn about cryptocurrencies while also earning a little amount of it. To obtain the bonus, you may need to watch some videos and pass a brief question.
Coinbase Earn is one site that rewards users for learning about cryptocurrency, but others, such as CoinMarketCap.com, also offer free prizes. However, you may not always acquire the cryptocurrency you want with these “learn and earn” promotions.
5. A cryptocurrency-based savings account
Are you looking for a simple way to earn income while also investing in cryptocurrency? With a crypto savings account, you may receive interest on your investments while continuing to profit from their future rise. In addition, the first interest rates you obtain can be far higher than those offered by standard banking accounts.
BlockFi’s savings account, which has a tiered interest structure, is one alternative. That is to say, the more you deposit, the lower your interest rate will be. High-flying currencies like Bitcoin and Ethereum may give a few percent in yearly returns, but stablecoins may offer several percent higher interest, making them a more appealing location to keep your money.
6. Lending cryptocurrency
Lend money to borrowers and earn interest on the transaction to take your bitcoin gaming to the next level. It’s known as decentralized finance, or DeFi, and it allows you to earn money through peer-to-peer lending by combining the power of digital currency and decentralized apps.
However, regardless of the lending platform or currency you employ, you must ensure that the potential borrower can repay the money you’ve lent. To assist mitigate risk, it may also make sense to fund a large number of smaller loans or to fund them in conjunction with other lenders.
However, if you take this path, it’s critical that you use a well-known platform.
7. Borrow money from a brokerage
Even some traditional brokerages run specials now and then. These bonuses, however, are normally provided in US dollars, but they can be converted to cryptocurrency on the platform immediately. Is that going too far with the article’s premise? Maybe, but you’ll still wind up with cryptocurrency in your wallet.
eToro, which operates as a crypto exchange in the United States but as a traditional broker in other countries, is a good place to start. If your friend signs up and makes a deposit, the broker will provide you and your friend a referral bonus. TradeStation, a regular broker that offers crypto trading, may run discounts from time to time. Then just exchange your cash for cryptocurrency.
8. Take part in an airdrop.
The creators of a new cryptocurrency may decide to execute an airdrop — a free distribution of their coin – in order to promote it and generate greater interest and enthusiasm. To be eligible for new coins, you may need to do a few things, such as follow the crypto project on social media, track it on a Discord channel, or otherwise support it.
It’s worth mentioning, though, that many airdrops are hoaxes, and even if you do receive any coins, those coins may be worthless. That worthlessness may be advantageous in terms of taxes (because you won’t owe much, if any), but it has no bearing on your wealth.
9. Credit cards based on cryptocurrency
If you already have cash-back credit cards, switching to crypto rewards cards and receiving cryptocurrency in exchange for your purchases can be simple. These credit cards may offer Bitcoin or other popular altcoins as rewards for purchases. Other spending bonuses may also be available.
BlockFi and Gemini credit cards are two popular choices here.
Of course, these cards come with the same warnings as ordinary credit cards: Don’t use your credit card to rack up a high debt in order to obtain the relatively small benefits.
10. Participate in surveys
It sounds like an old internet game with a fresh twist: complete a survey to earn money. This time, though, the money is in the form of cryptocurrency. And some websites nowadays allow you to do just that. There are 11 different ways to get free cryptocurrency
Freecash is one of the entrants here, with daily surveys, games, and other paid opportunities. While you can receive your payments in cryptocurrencies, you can also receive them in the form of dollars or gift cards. Even if the site is a little too “bells and whistles,” you can still earn free cryptocurrency.
11. Go on the internet
Are you looking for a cryptocurrency that you can earn while you surf the web? The Brave browser might be a good fit for you. As long as you have the Brave Rewards program enabled, you will earn the Basic Attention Token cryptocurrency for using the browser.
Brave prevents traditional advertisements and cookies while still allowing you to see some ads in exchange for bitcoin. According to the corporation, the program is available in most countries, and consumers receive 70% of ad money. Once a month, payouts are made.
It’s something you’re already doing, so getting paid to browse makes logical.
If you want to earn free bitcoin, you have a variety of alternatives, ranging from the typical suspects, such as freebies from brokerages and exchanges, to the strange, such as airdrops and surveys. Make sure you’re working with a reliable partner as you go through your free options, or it could be them who gets your cryptocurrency for free.