How to Get Free Crypto Assets?
In this section, I’m going to tell you 9 effective ways of how to get free crypto!
Yes, believe it or not, getting some free crypto is actually possible! With the increase in popularity that the crypto world has experienced, many people believe that anyone who offers free cryptocurrencies is a scammer.
While there are many scammers out there, yes, there are also legitimate ways of how you can get free Bitcoin, Ethereum, and various other cryptocurrencies. That’s what I’m here to help you distinguish, in the first place!
In this section, I’ll tell you about 9 of the most popular and effective ways of how to get free crypto. Each method is going to be unique and is likely to suit different individuals, so make sure to stick around till the end!
Let’s get to it!
Video Explainer: How to Get Free Crypto Assets?
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How to Get Free Crypto? (Explained with Animations)
Coinbase and Binance
Don’t worry, you won’t need to trade cryptocurrencies. Instead, all that you’ll need to do is learn about crypto. In other words, you will get free crypto for learning! How cool is that?!
Both Binance and Coinbase have special programs that revolve around users learning about blockchain technology and cryptocurrencies, in general. As you study the material, you will passively earn crypto, straight into your accounts.
This method is awesome simply because you don’t need to buy anything, or spend any of your own crypto coins or tokens. Instead, all that you need to do is create an account on either Coinbase or Binance (or both, actually!) and start learning!
By the end of every subject, you’ll be presented with a quiz. If you manage to answer the quiz correctly, you’ll be credited with some crypto.
The second method of how you can start earning free crypto is by mining cryptocurrencies! Cryptocurrency mining is a process that allows you to earn crypto by employing your computer to verify transactions happening on the blockchain network.
Mining is a great way to earn free crypto simply because you don’t need anything but your computer to get started! You can run a mining program at night, or during the days when you don’t use your computer, and it will generate a passive yield of crypto!
The most popular coin to mine is Ethereum, and your monthly gains will depend on a lot of different factors - your PC, the price fluctuations of ETH, the cost of electricity, and so on. However, Ethereum will eventually transition to a different governance protocol, which will make it impossible to be mined!
Thus, if you plan to mine crypto for a long time, and maybe even want to invest in the process with some dedicated mining machines, you should definitely look into mining some other cryptocurrencies, too! Either way, it’s definitely one of the best ways to earn crypto for free.
Number three is airdrops. If you’re not familiar with the term, airdrops happen when developers of some sort of a project “drop” some of the project tokens into the wallets of individuals who use their platform.
The best-known example of a successful airdrop is Uniswap. When the UNI token launched, Uniswap airdropped these tokens to people who have used their decentralized crypto exchange application, up to that point in time. The lucky individuals who received the airdrop got 400 UNI tokens, each - as of writing this section, that’s worth more than $4000!
Getting yourself an airdrop is usually very simple. There are lists and calendars out there, that will show you the exact dates when certain airdrops will happen, as well as what you’ll need to do in order to become eligible for one of the drops. In most cases, you’ll simply need to share the project on social media, but sometimes, you might be required to actually use the platform, too.
If you’re looking to get some free crypto, though, this is a tried-and-true method!
Staking & Yield Farming
Number 4 method of earning free crypto is staking and yield farming. I’ve decided to combine these processes into one point, since, in many cases, they are going to look very similar, especially for crypto industry newcomers.
Staking is a process of delegating your crypto coins to a specific staking pool, in order for your assets to help confirm the transactions happening on the blockchain. It’s actually a really difficult process, beneath the surface - if you want to learn more, check out the section "What is Staking in Crypto?".
Yield farming, on the other hand, looks kind of similar, for an outsider looking in - you have some crypto coins, and delegate them to a liquidity pool. The difference is that, with staking, your crypto confirms transactions, while yield farming allows you to earn free crypto by providing your current assets to boost market liquidity, for a set amount of time.
Though the processes are much more complex than that, but that’s the general idea behind it.
Now, in order to get free crypto from staking or yield farming, you will need to hold some coins, first. The most popular coins to stake include ADA, ALGO, ATOM, and others. Once you have some coins, you then need to find a staking or liquidity pool, and start earning free crypto! A simple google search should reveal a lot of different pool options. However, always do proper research - not all pools are established and fair!
The best approach here is this - if it sounds too good to be true, it likely is!
Number 5 method for earning free crypto is cryptocurrency faucets. Bitcoin faucets are as old as the cryptocurrency world itself! Faucets have been around forever, and have become one of the most popular methods of how to get free crypto.
A cryptocurrency faucet is a special platform that allows you to earn very small amounts of crypto for doing certain tasks. You might be asked to complete captchas, solve puzzles, answer questionnaires, and so on. All of the tasks are going to be super-simple, and won’t take long to complete.
Now, I know what you might be thinking - what’s the deal with these faucets? Why would anyone be paying people just to solve a simple captcha?
Well, it’s pretty simple, really! Different cryptocurrency platforms create faucets in order to spread awareness about their project and to help people get started. The small payments that you get from a crypto faucet could cover transactions fees, and help you start interacting with the platform itself.
It’s a legitimate and old-as-time method to start earning free crypto!
Crypto Debit Cards
Number 6 on our list are crypto debit cards. Some certain cryptocurrency platforms, such as Binance and Crypto.com, have created and issued their own debit cards. These cards can be used in the same manner as any other debit card out there - you may perform purchases almost anywhere with them!
Both Binance and Crypto.com have reward programs - in other words, they will reward you for spending money on certain things. These rewards come in the form of free crypto, credited directly into your account.
So essentially, you will receive free cryptocurrencies simply for spending your money on certain purchases - the same thing that you would do either way! With both platforms being long-time crypto industry veterans, you can be sure that this is one of the more-effective and popular ways to earn free crypto.
Brave is an internet browser. It’s part of a decentralized project that aims to give the power of the internet back to the people.
Using Brave, you will be able to earn free crypto, in the form of Basic Attention Tokens. You’ll receive them for doing just that - using the browser. There are no catches or small print involved!
How can this be possible? Well, advertisers come to Brave and place their ads on the browser. In order to be able to do so, they pay with BAT tokens. Then, as those ads are displayed to you during your browsing session, you receive BAT for seeing them, so to speak.
While using Brave won’t make you rich, it’s definitely a great way to get free crypto, without actively doing anything!
Number 8 on our list are friend referrals. Many high-profile cryptocurrency exchange platforms are going to have referral programs. So, you register on the exchange, and then receive a unique referral code.
Whenever you invite someone, and they register on the exchange with your code, you will receive certain benefits. Sometimes, these benefits include free crypto!
It costs literally nothing to do so! This method of how to get free crypto is especially useful if you already have friends who are interested in cryptocurrencies, in general. They’ll be able to join an exchange, and you’ll be able to receive various benefits for inviting them - it’s a win-win situation!
Now, the number 9 method of how to get free crypto is a bit of a curveball. It’s not something that you’ll come across often, yet is still considered to be an underrated approach to free crypto acquisition.
The most popular crypto subreddit called r/cryptocurrency has a native token associated with it - a token called MOON. Participants of the subreddit are able to earn MOONs for simply interacting with posts, writing comments, answering questions, and creating discussions, themselves.
While MOONs aren’t likely to make you rich, it’s a really unique way to earn crypto, while being part of the largest cryptocurrency community online. Though keep in mind that “MOON farming” isn’t allowed on this subreddit - if you want to get free crypto, you’ll need to contribute to the conversation, and bring some value to the table!
Lastly, I’d like to stress that you can definitely use all of the methods of getting free crypto that I’ve discussed in this section at the same time! This will compound your potential gains, and help you get more crypto over time.