The crypto industry enables earning free cryptos by following several methods. Many participants worldwide seek options to make money from the crypto marketplace without spending. When someone wants to expand their portfolios in crypto assets, these freebies can be excellent options.
However, there are several ways to earn free cryptos, and it is mandatory to have basic knowledge about these methods to choose the best way to approach the marketplace. This article will introduce crypto-freebies and the best ten approaches to earning.
The best ten ways to earn free crypto
This part will list the top ten ways to earn free cryptos. You can earn free real cash from the crypto market using these methods from this list. You can follow any of these methods that best suit your expectations. Let’s check the top ten methods to own these freebies:
- Sign up in crypto exchanges
- Free NFTs
- Crypto staking
- Learn & earn
- Crypto lending
- Crypto savings accounts
- Take surveys
- Participate in airdrops
- Playing games
- Referral bonuses
1. Sign up in crypto exchanges
It is one of the safest and easiest options to earn free crypto. Many crypto exchange platforms put some coins on their wallets as a sign-up bonus, and you can collect many exchange bonuses as it is worth your time.
Often many crypto exchange platforms offer time-sensitive bonuses or add promotions for their new clients. You can look out for these additional opportunities and utilize them by claiming those bonus cryptos in your wallet. Then you can exchange those cryptos for real cash. Many major exchange platforms, including Gemini, Coinbase, Celsius, etc., enable earning this type of free crypto for new clients.
2. Free NFTs
Non-fungible tokens, or NFTs, are also a blockchain product that has become hot recently. These digital assets are considerably unique and store data on the blockchain. NFTs are not cryptocurrencies; instead, you can instantly exchange these assets for cryptos. It’s an excellent adventure to hunt NFTs as many of them you can find with different prices.
Many crypto projects offer NFTs as an “invite bonus” to their supporters. Another alternative way is to regularly search NFT giveaways, as many crypto projects offer to own NFTs only retweeting to promote the project.
3. Crypto staking
Staking has become a popular method among crypto investors to earn from the marketplace as it can be a continuous source of income. It is a beneficial approach for crypto investors who invest in cryptocurrencies for a longer term. They can earn extra money while making a profit from holding these crypto assets.
However, all cryptos don’t allow making money from staking. Only cryptos use POS protocol to manage and validate their system. Try choosing coins that may increase in value or remain demandable in the future when seeking to make money from staking.
4. Learn and earn
Many websites offer a small number of specific cryptos when someone learns about them on their platforms. To redeem those bonus cryptos, you may need to take a short quiz and pass, watch videos, etc. Many platforms, including Coinmarketcap, Coinbase earn, etc., enable this “learn and earn” feature for users. However, users may be unable to get the crypto they want through this system. We suggest checking what crypto you will get as payment when you perform this when seeking to follow this method.
5. Crypto lending
The lending and borrowing cryptos feature takes the crypto game to the next level. Anyone can use the power of Defi or these digital assets to earn money through peer-to-peer lending. However, when you seek to lend crypto, you may confirm the potential that the borrower can repay you alongside being careful to choose the lending platform and crypto. You can reduce risk by funding smaller loans and connecting with other lenders. Again, it is mandatory to select a well-established platform when following this technique.
6. Crypto savings accounts
A crypto savings account is another best option to earn money or free crypto, and the best thing is it doesn’t require participating in anything, enabling earning passive income. Crypto savings accounts are like bank savings accounts, but they usually offer higher interest rates than traditional banking. Top cryptos like BTC or ETH might offer lower interest rates, whereas many stable coins provide higher interest rates.
7. Take surveys
It is easy to earn free cryptos or make money from the blockchain when someone has a basic understanding. It may sound like an old internet game that involves new tricks: earn money by taking a survey. In this case, the payment will occur through crypto, and you can cash your crypto or even get gift cards for shopping.
8. Participate in airdrops
Airdrop has become an attractive platform to earn free crypto gifts. The hype goes on; many DeFi applications or projects also have communities on this platform. It may involve completing several tasks to earn real coins from this platform. Additionally, you may note that many Airdrop scammers can deliver you fake coins or even the same coins that may end up worthless or with low potential.
9. Playing games
Many crypto projects allow making money or reward participants with their native coins. Many games are popular already, including The Sandbox, Axie Infinity, Decentraland, etc., with millions of participants worldwide. However, playing games and winning requires having a particular level of skills in most cases, and it may require payments for up-gradation or using the full potential in some cases.
10. Referral bonuses
Many crypto exchange platforms offer referral bonuses to their clients. For example, a platform may offer a $5 referral bonus when adding new users to their platforms. Again when your referral account may deposit $200, you get a $15 bonus. However, note that we suggest re-checking their terms and conditions when seeking to earn referral bonuses.
Finally, these are the top ten methods to earn free cryptos. You can choose any of these methods to earn cryptos that suit your ability. Note that cryptos are a new addition to the financial world. You may conduct some additional research to make more money from this market. Otherwise, you may end up with scammers and lose time and money.