Ever since the massive price growth of Bitcoin in 2013, many people have come to realize the potential value of cryptocurrencies in the market, which, in turn, has led to numerous changes in the industry.
For one, the number of crypto investors skyrocketed overnight, further increasing the value of cryptocurrency assets. Moreover, countless organizations, and even mom-and-pop shops, began to accept cryptocurrency as payment from consumers. These, among many things, have shown that cryptocurrency is, undoubtedly, a worthwhile investment for pretty much anyone looking to earn considerable profits.
Unfortunately, not everyone has the funds to invest in these assets. Not only are they pretty expensive, but it’s also difficult to find a platform where you can purchase cryptos safely. However, if you’ve been keeping up with the news, you’re probably already aware that there are ways to score cryptocurrency without putting in any capital. If you’re curious as to what these ways are, then, you’ve come to the right place.
This article will discuss eight easy steps that may help you win free Bitcoin and other cryptocurrencies.
1. Play NFT Games
One of the hottest trends in the crypto market right now are NFT games, which allow players to earn money or cryptocurrency while playing. One example of an NFT game you may have heard of before is Axie Infinity—a game where you can breed characters, which you can sell for crypto.
These games utilize NFTs or non-fungible tokens, which are digital tokens that represent a unique item. In the case of the game mentioned above, NFTs represent the characters or Axies.
You may also find games using NFTs in the form of unique items, especially in role-playing games (RPGs). It’s also worth noting that NFT games vary in terms of mechanics, interactions, and rules.
Now you might be wondering, “How can you score free cryptocurrency by playing such games?”
When you play an NFT game, you can collect various items, which often have some value in the real world. In some games, super rare items may cost thousands of dollars. By selling these items, you can earn a lot of money without any capital. Of course, certain NFT games may cost you money, but the capital is usually lower than the potential earnings.
Since NFT games vary in mechanics, it can be difficult to determine the potential earnings for this step. But, a rough estimate would be USD$100 to USD$300 a month, given you’re active in the game.
2. Download Crypto Faucets
Apart from NFT games, you can also score free cryptocurrencies by downloading crypto faucets on your desktop or mobile device. So, what are crypto faucets, and how do you earn money with them?
Much like how drops of water drip down from a faucet, crypto faucets are applications that distribute crypto to their users in relatively small amounts over time. These applications are usually completely free, and users can score free cryptocurrency by completing simple tasks. Examples of these tasks include:
- Watching videos
- Participating in surveys
- Answering quizzes
- Viewing ads
- Clicking links
- Completing catches
Now you might be wondering, “What does the owner of these faucets get from users completing their tasks?” Well, by distributing meager amounts of cryptos, developers can get more people to take an interest and hopefully push them to learn more about cryptocurrencies. But, of course, you must still practice caution when downloading crypto faucets and completing their tasks, as they might be fake.
Also, take note that crypto faucets aren’t designed to serve as a primary source of income. These only distribute small amounts of crypto, and earning hundreds of dollars would already be good enough.
3. Keep Your Eyes Peeled For Airdrops
A similar tactic that you can use to score free crypto is by participating in airdrops.
An airdrop is a marketing stunt wherein a business distributes crypto to several people for free, much like what crypto faucets do. However, there are several differences between the two.
- An airdrop involves a new cryptocurrency rather than existing coins, which businesses distribute to promote awareness of the new coin in the community.
- The supply for the new cryptocurrency coin is limited.
- Rather than giving to any individual, an airdrop prioritizes active members of the community.
For these reasons, while it usually doesn’t require you to do anything to receive the coin, it can be challenging to score free crypto this way. But, the keyword here is ‘usually.’
In some cases, even if you aren’t an active member of the community, you can still receive the new crypto in return for doing simple tasks, such as sharing posts promoting the new cryptocurrency coin. Moreover, since the supply for the coin is limited, only the first ones to participate in the airdrop may receive the crypto. In short, you must keep your eyes peeled for airdrops.
4. Install Cashback Extensions And Apps
Earning cryptocurrency without investing money is good and all, but you must remember that, technically, it still costs you time and effort, and a considerable amount at that, so it’s not entirely free.
If you truly want to earn cryptocurrency without spending anything at all, you might want to consider installing cashback extensions on your browser and apps on your mobile devices.
Cashback extensions and apps are programs that allow you to get back a portion of your money for each of your purchases. For example, if you purchase an item costing USD$500 from a marketplace, you may get back 5% of that cost, which would be around USD$25. Basically, you’ll earn money by saving money, and this applies to purchases involving cryptocurrency payments.
5. Get A Cryptocurrency Credit Card
Due to the prevalence of cryptocurrencies, numerous banks have decided to incorporate the currency into their offerings. As a result, people can now apply for crypto reward credit cards.
As the name implies, a crypto reward credit card allows you to earn cryptos for every transaction you make using the card. For instance, if you order online using the card, you may receive a fraction of the purchase cost or a fixed amount of money in the form of cryptocurrency. Hence, it’s no different from the traditional reward cards you often receive in grocery and convenience stores.
Furthermore, much like any other credit card, you may earn a fraction of your balance as interest every year or month, although it might be better to open up an interest account if that’s your intent.
6. Open Up A Crypto Interest Account
If you have money to spare and you currently have no plans on spending it anytime soon, you might want to consider opening up and dumping your funds into a crypto interest account.
A crypto interest account works similarly to a typical savings account. You deposit your funds, which, in this case, is in the form of crypto, and you’ll start earning compound interest on the balance for the subsequent months or years.
But, of course, there are a few differences. For one, a crypto interest account usually has a higher rate, which means you’ll earn a lot more compared to a regular savings account. This is mainly because the institution lends your crypto to corporations and individuals, and since they earn more from your asset, it’s only fitting that the payouts would be higher.
For your reference, the average annual percentage yield (APY) for crypto interest accounts is 7.5%, while the average APY of savings accounts is around 1%.
7. Sign Up On Numerous Crypto Exchanges
Cryptocurrency exchanges are platforms that allow you to trade cryptocurrencies for other assets, such as real-world currencies, like US dollars, and commodities, like gold and silver.
So, what does this have to do with scoring free cryptocurrency?
To start with, most crypto exchanges offer sign-up bonuses to their users to attract new users and compete with other exchanges. Therefore, when you sign up for any of these exchanges, you may immediately win free crypto, which would cost around USD$50 to USD$500, depending on the exchange. They may also offer payments for each user that joins the exchange using your link. That means you can earn thousands of dollars for each friend you refer to the platform, on top of the relatively high bonus you receive immediately after signing up on the platform.
Unfortunately, you need to engage in a specified number of trades to withdraw these earnings, so while it’s technically free, you may have to spend money to receive the crypto.
Still, it’s a worthwhile consideration, especially if you’re planning on trading crypto anyway.
8. Start Mining For Crypto
Cryptocurrency mining is among the most popular ways to score free crypto in the market.
Crypto mining is the process of verifying transactions made between investors and ledgers. By doing so, the miner will be paid a fraction of that transaction as a fee for their services. But, of course, all of this happens automatically. For example, if you install crypto mining software on your PC, whenever a person engages in a transaction within the blockchain, that transaction may get forwarded to your software.
Once that happens, the software automatically verifies the transaction and creates new coins in the process. You, then, get paid for a fraction of that transaction, so you’re essentially earning free crypto.
However, it’s worth noting that crypto mining isn’t entirely free. Most mining software require a high-end computer, as well as consume a lot of energy and CPU from the computer to operate, not to mention the entire process also takes time. But, with the typical computer setup, you can earn up to USD$10 a day without doing anything, so it’s worth considering, nonetheless.
With these eight steps, you should be able to score a considerable amount of free crypto, given that you do it properly. But, as eager as you may be to start scoring free crypto, it’s worth noting that there are scammers that may try to take advantage of your desire to earn money. Hence, before you get into the industry in search of free crypto, you must expect a few unfortunate encounters. That way, you won’t fall into the schemes of scammers, and possibly lose money or reveal confidential data.