Let’s face it: we all love free stuff. And those who like cryptocurrencies can get their share of freebies as well. A lot of people don’t invest in cryptos because they’re afraid of losing their money or because they don’t have sufficient funds. Since cryptos are a newer form of investment and generally regarded as more risky, new investors, or those who don’t have much money to spare, tend to stick to more traditional forms of investment even if they are interested in crypto. Luckily, there are many ways that you can earn free cryptos without risking your own money. Several websites offer free cryptos to consumers. What’s more, since cryptos are subject to price swings, you can get more than you bargained for in the first place!
Let’s explore some easy, free ways to earn cryptos.
Learn & Earn Websites
Some platforms allow you to learn about cryptocurrencies and earn some while you’re at it. You will be required to watch videos, take quizzes, and pass to earn rewards and bonuses in the form of crypto. One such website that offers rewards for learning about cryptos is Coinbase Earn. CoinMarketCap.com is another famous one.
To get involved in such Learn And Earn Platforms, you must open an account and pass a KYC verification. After that, you can access educational content and quizzes and earn rewards for completing them.
Trading Platform Bonuses/Promos
Many crypto exchanges offer promotions, bonuses, and sign-up incentives. However, these incentives are usually small, so you can only expect small deals. Referral systems are another way of earning cryptos. You will earn a commission when someone you refer decides to sign up and trade. Plus, if they become active traders, recurring trade fees can open up long-term earning opportunities for you!
Remember, crypto exchanges add promos or time-sensitive bonuses, so be sure to sign up for newsletters, social media updates, and podcasts to receive the latest news on promotions and offers.
Get Rewards with Crypto Debit or Credit Cards
With crypto debit cards, you can spend your cryptocurrencies just like regular fiat money for daily transactions, with the additional benefit of being rewarded when you do so. How does this work, you may wonder? This is done by converting your crypto holdings into fiat currencies during transactions, allowing you to use your crypto to make purchases wherever Mastercard or Visa is accepted. This reward system is similar to the usual rewards cards, with the only difference being that you earn cryptos instead of redeemable points.
Play Free Games
Did you know you can even play free games to earn free cryptos? It’s true! Many gaming platforms offer rewards in the form of cryptos for competing tasks and missions in a game. One popular game called Axie Infinity allows players to earn native token AXS by battling out with creatures in a virtual world.
Similarly, games like Coin Hunt World, Crypto Pop, and Balls King allow participants to earn rewards for completing trivia and competitions. The rewards will be small, but it’s still an entertaining way to make cryptos without spending any of your money and have some fun at the same time!
Participate In Airdrops
Airdrops are marketing campaigns designed by new crypto platforms to increase their visibility and gain a higher base of customers. One of their marketing strategies involves offering free coins to existing and new customers in exchange for spreading the word about their project. However, you must be an active crypto user or at least have a crypto wallet to qualify for an airdrop. The most significant advantage of such a strategy is that airdrops are a win-win for both the user and the trading platform. While the platforms increase their visibility, the user can earn free cryptos.
Participate In Surveys
This may come off as an old internet trick, but you can take simple surveys to earn some cash – except this time, it’s in the form of cryptocurrencies. Freecash is an example of a platform where users are expected to complete surveys, games, or other paid offers to earn rewards – and these are offered daily. You can get your payouts in cryptos or even as gift cards or dollars if you wish.
Browse the Internet
How cool is it to earn cryptos while you browse the web? The Brave Browser is a great browser extension to do just that! You can earn Basic Attention Token cryptos for using the browser, provided you have turned on the Brave Rewards program.
While ads and cookies are often viewed as a nuisance, why not spare a few minutes if you can earn something free in return? The Brave Browser is available in most countries, and payouts are made once a month. The rewards may not be much, but it works as a passive way of earning free cryptos without any investment, with zero extra effort on your part!
In Conclusion
Earning free cryptos can be exciting, but remember that the world of cryptocurrencies has its share of scams. So always be on your guard when looking for opportunities to earn free cryptos. If any promotion or website asks for your private keys to your crypto wallet or log in details, stay away from it! If the free offer seems too good to be true, it could be a scam. Therefore, make sure to participate only in legitimate websites and projects.
At the same time, you should be aware that most earning opportunities in the crypto industry will only offer small amounts of cryptocurrencies in exchange for a lot of time and effort on your side. It is up to you to weigh the cost versus the benefit of investing your time. But if you have some time on your hands but not a lot of money to spare, why not give it a go?
Another essential thing to remember is the tax implication, given that tax laws related to cryptocurrencies are generally rather complex. So before earning free coins and tokens, understand the tax implications.
Carefully consider the risk before you embark on any free crypto-earning opportunities because it can affect your potential returns and the security of your digital assets. Do your thorough research before you leverage any earning opportunity to grow your cryptocurrencies without any upfront investment.
