As the popularity of cryptocurrency continues to rise, an increasing number of people are looking for ways to obtain free crypto.
This article outlines seven techniques to earn cryptocurrency without investing your own funds, including crypto faucets, airdrops, staking, bug bounties, and more.
Be aware of several common risks associated with earning free crypto, such as security risks, scams, fraud, limited earning potential, time-consuming tasks, and potential legal or tax consequences.
Thorough research and cautious approach to these methods are recommended.
1) Crypto Learning Programs
Multiple large crypto exchanges, such as Binance, Nexo, or Coinbase, and even CoinMarketCap reward with you free crypto as you learn about different cryptocurrencies on their websites.
In order to earn your free crypto, you simply read an article or watch a video about a specific cryptocurrency. Sometimes a short quiz at the end is required, but most of the time it is not.
You will not get rich with this method, but you can definitely earn about $50-$100 per month worth of free crypto.
2) Faucets
Crypto faucets are sites or apps that offer users small amounts of cryptocurrency for performing tasks like solving CAPTCHA puzzles or viewing ads. Cryptos like Litecoin, for example, provides free Litecoin to users who complete various activities, such as watching videos.
Regrettably, numerous fraudulent crypto faucets promise high rewards but fail to deliver.
Some may demand fees or task completion before allowing withdrawals, while others might vanish without notice. Thus, it is crucial to research and proceed cautiously when using crypto faucets.
3) Airdrops
Airdrops involve free distribution of cryptocurrency tokens or coins. Companies and projects distribute a fixed quantity of tokens to individuals who sign up for their platform, perform specific actions, or meet certain criteria.
You can check this site DappRadar for info on all cryptos that provide airdrops.
4) Staking
Staking requires holding a specific amount of cryptocurrency tokens in a wallet or exchange to support network security and receive rewards. Cryptocurrencies can be staked to earn staking incentives.
Keep in mind that staking necessitates locking funds for a predetermined period, during which access or trading may be restricted. Therefore, ensure you comprehend the risks and potential benefits before staking.
5) Referral Programs
Many cryptocurrency exchanges and wallets offer referral programs that reward users for recommending friends and family to join their platform. Rewards may include free cryptocurrency or a portion of the user’s trading commissions.
6) Completing Surveys
Certain websites and apps enable users to earn cryptocurrency rewards by completing surveys or participating in market research.
Sites like Swagbucks provide crypto rewards for performing tasks such as watching videos, answering surveys, and playing games.
While all 6 of these options can be rewarding it is important to keep in mind that they will not turn you into a millionaire, but if you have extra time and would like some free crypto every week there are definitely plenty of options.
