Crypto has the potential to increase in value over time. Bitcoin, perhaps the most famous currency, is currently worth more than $28,000, but a few years ago it was worth $3,000. Imagine what your investment would look like if you could earn free crypto and keep it for a while.Thank you for reading this post, don't forget to subscribe!
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15 Ways to Earn Free Crypto
Take a look at some ways to earn free crypto here:
Look for Signup Bonuses
play to earn
move forward to earn
join a tap
Add a Rewards Web Browser
Get a Crypto Credit Card
find an airdrop
Become a Crypto Lender
Open a Crypto Savings Account
Find Free NFT Gifts
Try Cloud Mining
try yield farming
1. Check out the signup bonus
Just like banks give bonuses on opening an account, many exchanges lure you with free crypto. Check the following:
Gemini: Offers $15 in the crypto of your choice when you refer a friend and they trade at least $100 in the first month after signup.
Coinbase: Earn $5 in BTC when you sign up and buy any crypto.
If you go for the sign up bonus, be sure to read the fine print. You will probably need to make a few trades before the sign up bonus reaches your account.
Some platforms like Binance and Coinbase produce short videos or tutorials as incentives, giving you some free tokens if you watch and pass a short quiz. It will only take a few minutes of your time to learn more about the world of digital currency but you can earn free crypto.
The problem is that you won’t have control over what type of crypto you earn. This allows you to earn a type of cryptocurrency that doesn’t interest you.
3. Crypto Staking
Once you start building a crypto portfolio, you can stake your tokens to earn more cash. This is a form of currency stabilization. Similar to certificates of deposit, you have to allow a certain amount of time to earn interest when staking your crypto. Rates can vary between 3% and 20% APY.
StakingRewards is a site that tracks the most attractive tokens and top platforms for staking. If you have the following coins, they can get you rewards:
Ethereum (ETH): 3.46%
Solana (SOL): 7.09%
Cardano (ADA): 3.03%
If you choose to do crypto staking, do your research to find the best returns for your situation.
4. Play to earn
Some games allow you to unlock and earn free crypto by completing game missions. This is a fun way to earn tokens in your spare time. Some of the most popular games for earning are:
Sandbox: Create entire quests and buy virtual lands.
Crypto PopCoins: Earn free Ethereum and PopCoins by grouping and popping coins.
MetaBlaze: NFT-powered gaming. You can earn Bitcoin, Ethereum, Solana, Binance Coin and more.
Lucky Block: Buy a ticket to enter the draw.
5. Move forward to earn
You can stay fit and earn free crypto. Move-to-Earn platforms pay crypto for moving – exercise, walking and running can all qualify.
Coin Hunt World is similar to Pokemon Go. To earn free Bitcoin and Ethereum you have to walk, bike or run around and open boxes, collect keys and more. The Step app counts your steps when you run, jog or walk to get paid for tokens. Plus, you can compete with other users around the world.
There are surveys for money websites that let you earn cash. Some platforms like Grab Points will offer crypto – namely Bitcoin – instead of cash. This is a great way to start building your token bank while passing the time by answering questions and taking quizzes.
7. Add a Faucet
Faucet services allow you to sign up and complete activities like solving puzzles or filling out captchas to earn crypto. If you prefer more variety in the form of different activities, Tap may be the best choice. Some of the top faucet platforms include:
8. Add a Rewards Web Browser
If you spend time surfing the web, you can earn free crypto just for browsing. Install Brave Browser to earn tokens for everyday activities. Additionally, the platform claims it is private, removing ads and trackers from the websites you visit, but instead gives you the option to view Brave-approved content.
9. Get a Crypto Credit Card
Crypto-rewards credit cards are similar to standard cash-back credit cards. But instead of earning cashback on every purchase you make, you can earn crypto. Depending on the credit card you can earn Bitcoin or any other type of cryptocurrency.
Some credit cards that offer crypto rewards include the Gemini Credit Card and the Brex Credit Card. Both allow you to earn cryptocurrency when you make purchases with a credit card. This strategy provides a relatively low-maintenance way to build your crypto portfolio.
10. Find an Airdrop
When a new developer releases a cryptocurrency, it is not unusual for it to give away some coins for free. The developer aims to generate some interest in the coin and hopefully mark the beginning of the cryptocurrency’s long-term success. As someone looking for free crypto, participating in an airdrop can help you add some crypto to your wallet.
Although participating in airdrops is usually free, you may have to complete some specific tasks. For example, you may need to follow the project on social media.
The downside of this option is that many airdrops turn out to be scams. Therefore, even if you find coins, they may have no value. Do your research before jumping into an airdrop opportunity.
11. Become a Crypto Lender
If you already have some cryptocurrency, you can use those funds to generate more cryptocurrency through peer-to-peer lending.
Many platforms offer the opportunity for peer-to-peer lending in the form of crypto. But as with all peer-to-peer lending options, it is important to confirm that the borrower can repay the funds before taking out the loan. Research the platform carefully and inspect the creditworthiness of the borrower before finalizing the loan.
12. Open a Crypto Savings Account
Keeping your existing crypto in a special savings account can give you the opportunity to earn interest on your crypto savings. Basically, it works like a regular savings account. But instead of earning interest in traditional currency, you’ll earn interest on your crypto in the form of more coins.
In most cases, crypto savings accounts come with better interest rates than traditional savings accounts. But like other types of savings accounts, it’s helpful to shop around to make sure you’re locking in the best deal for your situation.
13. Find Free NFT Gifts
Non-fungible tokens or NFTs are digital assets or artworks that are encrypted on the blockchain network. The hype around NFTs has made them incredibly popular and expensive. Although NFTs are not technically cryptocurrencies, you can trade your NFTs and get popular cryptos for free.
Many crypto trading platforms or new crypto projects offer NFT gifts. All you have to do is follow their Discord channel or Twitter and if you’re lucky, you can win free NFTs as a part of their promotional campaigns.
14. Try Cloud Mining
If you’re willing to try a more technical option, cloud mining offers a potential way to earn crypto for free. Essentially, cloud mining offers the chance to earn free crypto without purchasing specialized computing equipment. Instead, you will be committing to a minimal investment to get yourself a cloud mining website.
After investing some money, you will earn a share of the revenue generated from the mining activity. This is a relatively passive way to earn crypto. But to enjoy the passive stream of crypto you will need some money to invest upfront.
15. Try yield farming
Yield farming provides the opportunity to earn interest on your existing crypto holdings. Essentially, yield farming involves lending out your cryptocurrency in exchange for a fee. But unlike some of the more passive methods of earning crypto, yield farming requires more active participation from the investor. In fact, you will need to move your funds around almost constantly to take advantage of the most attractive yield opportunities.
The risk of yield farming is that it can get complicated relatively quickly. If you don’t understand the rules of the investment game, it’s easy to lose crypto through yield farming. Additionally, successful yield farming requires a relatively stable coin that can maintain its value over time. If the coin loses value rapidly, you may miss the opportunity to sell at the right time.
If you’re just getting started with crypto or you want to earn free tokens for everyday activities, there are plenty of options available for growing a cryptocurrency portfolio. You just need to invest some time consistently to start earning.
As you build your crypto holdings, you’ll have more opportunities to put your existing crypto to work in an effort to earn more crypto. Like other types of investing, the world of crypto comes with a learning curve. Take your time to learn the basics of crypto when entering this volatile market.
Here are answers to some common questions that may come to mind when you start exploring free crypto earning opportunities.
Which crypto app gives free coins?
Can you earn crypto by playing games for free?
Gamers will love crypto-based play-to-earn games like Sandbox, Crypto Popcoin, and Lucky Block. Free games that reward you with tokens for having fun playing are some of the best ways to earn free crypto.
How do you get free Shiba Inu coins?
Is there any way to earn crypto for free?
Does Coinbase Give Free Crypto?
Which Apps Let You Learn Crypto?
Suchetna Bhattacharya and Sara Sharkey Contributed to the reporting of this article.
Information is accurate as of October 20, 2023.
This article originally appeared on GOBankingRates.com: 15 Ways to Earn Free Crypto