Buying cryptocurrency with your fiat money is the standard way to go, but what if you could also get some free crypto without investing anything?
Though, obviously, these free coins cannot just automatically drop into your account as you would have to take some actions in this regard! And here, we have discussed these very techniques you can consider to get free crypto. Let us look at these 7 best methods for acquiring cryptocurrency over the internet.
1. Sign-up bonuses and referral rewards
One of the easiest ways to earn free crypto is to join crypto exchanges that offer generous sign-up bonuses. Similarly, you can also participate in referral programs and earn crypto by simply referring friends, and in some cases when they engage in some trading activity.
The majority of the exchanges provide such bonuses with limits ranging from $10 to as high as $500 worth of cryptocurrency. However, different conditions are attached to the delivery of this extra crypto; some platforms offer instant bonuses in exchange for a small deposit amount while others also require some trade volume threshold to be met.
If you want to gain some free crypto via this method, take your time to pick out a service with the most appealing but realistic reward programs.
2. Earn free coins with crypto faucets
Another way to gain cryptocurrency is via crypto faucets, which are websites that allow users to earn free crypto on completion of some quick micro-tasks. These tasks mostly range from watching ads or doing online surveys to completing captchas or playing games. Generally, participants are awarded in the form of Bitcoin (Satoshi) and they can withdraw after reaching the required balance limit.
But keep in mind that earning through faucets requires patience as the disbursed rewards are very small. If you perform the tasks consistently over the long term, you may be able to generate a decent amount of free cryptocurrency.
3. Participate in Airdrops
While we are on the topic of how to earn free crypto, the discussion is incomplete without the mention of “Crypto Airdrops.”
An airdrop is basically a marketing method adopted by many new crypto platforms where they deliver tokens to the cryptocurrency wallets of participants, either completely free or in exchange for some simple promotional tasks. The purpose of these free giveaway tokens is to stir hype among digital currency enthusiasts and develop the community around the new project.
That said, airdrops frequently happen in the crypto space, so you just need to be on the lookout for these giveaways and timely partake in them. The process to participate in them is quite easy, tasks to be completed are also simple like following the project on social media, and ultimately you get free crypto in your wallet, what else do you want?
However, a word of caution here: many scams are also prevalent in the crypto airdrop space, hence don’t forget to do your research and avoid sharing any unnecessary wallet details.
4. Stake your crypto
Anyone familiar with the crypto domain must have heard the term “staking” which is known for generating passive income. Crypto staking helps users to earn crypto rewards, which can accumulate significantly over time.
It is basically a process where users “stake” their coins to participate in the validation of PoS-based blockchain transactions. Consequently, they are compensated in the form of token rewards for using their crypto to maintain the functionality of the network.
However, as you may have already noticed, you must deposit some coins first to take advantage of staking. Moreover, it is not without risks as you can also lose money if the underlying crypto loses its value over time.
5. Gain crypto by selling your NFTs
Non-fungible tokens, also known as digital collectibles, are the recent popular trend in the crypto world, and these digital tokens can also become your channel to earn free crypto.
If you have the capability to create some valuable artwork, mint it on a blockchain, and list it on an NFT marketplace, you can earn cryptocurrency by selling this personally-created NFT. However, even if you cannot draft one on your own, you can strive to get some free NFTs and eventually exchange them for crypto.
Getting free NFTs is possible through the free NFT giveaways arranged by many existing and new project teams. They mainly offer free giveaways for promotional purposes where users are required to complete some promotional tasks in exchange for acquiring the free digital item. Such updates are usually posted in Discord and Twitter channels, so you must remain in touch with them and keep track of emerging, high-potential projects.
Here's how you can create your own NFTs: How To Create an NFT For Free
6. Use crypto interest-paying (savings) accounts
Crypto savings accounts work similarly to regular bank savings accounts but with two main differences; they are in “cryptocurrency” and generally offer more generous return rates. By just holding your money in a crypto savings account, you can earn free crypto on daily basis as per the platform’s tiered-rate structure for that specific coin. We recommend using USD-linked cryptocurrencies for this purpose to evade the volatility of this sphere.
Almost all major crypto exchanges, like Binance, KuCoin, Coinbase, and Gemini, are extending interest-paying accounts to their users. However, similar to crypto staking, you would first have to dedicate some initial crypto amount into your account for earning interest.
7. Go for play-to-earn NFT games
Play-to-earn games have become increasingly famous corresponding to the surging fame of NFTs and DAOs. These games are powered on the blockchain and integrate a comprehensive ecosystem enriched with in-game NFTs, marketplaces, and governance crypto tokens.
Generally, users have to compete in battles or complete some quests as per the respective game’s requirement in order to earn the in-game currency. The tokens can then be exchanged for fiat money through crypto exchanges that catalogue that coin.
Play-to-earn games have attracted a large user base as participants just have to play games for earning real-life rewards. Can anything be better than this combo of entertainment and earning side by side? That said, some of the most popular NFT games are Axie Infinity, Star Atlas, The Sandbox, and Splinterlands among others that you can consider to earn free crypto!
Also have a look at this assembled list of the best money-earning games of 2022: Five Best Money-Earning Games of 2022