Are you looking for ways to add to your crypto portfolio without breaking the bank? Well, I have good news for you- there are several ways to earn free cryptocurrency online! In this post, I’ll be sharing 10 of the best ways to do just that.
As a long-time cryptocurrency enthusiast, I have dabbled in quite a number of methods to earn some free digital currencies on the side, aside from buying, holding and selling crypto. I came across some ways which proved effective, so I will be sharing some of those methods with you today!
Not only have I personally tried and benefited from these methods, but I have also done extensive research and spoken with other experienced crypto enthusiasts.
Keep reading to discover ten different ways to earn free cryptocurrency.
10 Strategies To Acquire Crypto For Free
10 Ways To Earn Free Cryptocurrency in 2023
1. Faucets:
Faucets are websites that give out little amounts of crypto to complete simple tasks, such as solving a captcha or watching ads. Faucets are an excellent way to get started with earning free cryptocurrency, as they don’t require any investment or special skills; so, it’s perfect for those with little to no knowledge of crypto who do not want to trade. Some popular crypto faucets include FreeBitcoin, Moon Bitcoin, and Satoshi Quiz.
2. Mining:
Crypto mining involves using your computer’s processing power to verify transactions and add new blocks to a blockchain. Miners are rewarded with small amounts of cryptocurrency for their efforts. While mining can be more technical, it can also be a more lucrative way to earn free cryptocurrency. Some popular crypto mining pools include Antpool, F2Pool, and BTC.com.
3. Surveys and Offers:
Several websites offer small amounts of crypto in exchange for completing surveys or trying out new products and services. These websites typically partner with advertisers to bring you the best offers. Some popular survey and offer websites include TimeBucks and Swagbucks.
4. Airdrops and Giveaways:
Airdrops and giveaways are common marketing strategies cryptocurrency companies use to promote their projects. They give away free tokens to holders of a particular cryptocurrency or users who complete specific tasks, such as following their social media accounts. Keep an eye out for airdrops and giveaways on popular crypto forums and social media channels.
5. Referral Programs:
Many crypto exchange platforms and services offer referral programs, which reward users for inviting their friends to join. These programs typically offer a percentage of the referred user’s transactions or a fixed amount of cryptocurrency for each referral. Some popular referral programs include Binance, Coinbase, Kraken and Breet. With Breet, you earn 900 Naira for each referral. What are you waiting for? Start earning more just for referring people!
6. Staking:
Staking is the process of holding and “staking” a certain amount of crypto in a wallet and participating in the network’s consensus process. In return, you receive rewards in the form of new tokens. Staking is a great way to earn passive income with your crypto holdings. Some popular staking cryptocurrencies include Cardano, Polkadot, and Tezos.
7. Microtasks:
Microtasks are small online tasks that can be completed in exchange for small amounts of cryptocurrency. These tasks can range from transcribing audio to categorising data. Some popular microtask websites include Bituro and Cointasker.
8. Trading:
Trading crypto can be an excellent way to earn free cryptocurrency, but it also comes with higher risks. By buying low and selling high, you can make profits in the form of crypto. However, it’s essential to educate yourself on trading strategies and market trends before diving in. Some popular crypto trading platforms include Binance, Coinbase Pro, and Breet.
9. Participating in Online Communities and Forums:
Many online communities and forums focused on crypto offer rewards for participating and contributing to discussions. These rewards can range from small amounts of cryptocurrency to premium memberships. Some popular online communities and forums include Reddit, Discord and Telegram.
10. Game Play and Gaming Apps
Several gaming apps and platforms reward players with crypto coins for completing certain levels or missions. These games are a fun way to earn free cryptocurrency while enjoying some downtime. Some popular gaming apps that reward players with cryptocurrency include Axie Infinity and The Sandbox.
Final Words
In conclusion, earning free cryptocurrency online is a great way to grow your portfolio without investing a lot of money. Whether you’re a beginner or an experienced crypto enthusiast, there’s a method on this list that will work for you. Just remember to always do your research and be aware of the potential risks involved. Happy earning!
