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How to Get Free Cryptocurrency from Crypto Exchange Platforms

Over the past few years, cryptocurrencies have gained significant interest around the globe. Many more people started searching for ways to invest in or earn cryptocurrencies. Therefore, it is not a surprise that, at some point, the notion of how to get free crypto became a topic of interest to many investors.

Reacting to the growth of interest, many crypto exchange platforms, such as Coinbase, Binance, and Kraken, offer ways for users to earn free cryptocurrency. From learning to simple sign-up rewards, there are at least a few different ways to earn crypto for free.

In this article, you will not only become aware of different methods on how to earn crypto. You will also get familiar with various crypto exchange platforms that offer a chance to earn free cryptocurrency. Without further ado, let’s jump right into it.

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How to Get Free Cryptocurrency Fast

When starting a journey in a new field, which requires any type of investment, people usually search for ways to, at least partially, avoid paying. Therefore, the question of how to get free cryptocurrency inevitably arises, when one decides to start getting into crypto.

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Knowing that, many crypto exchange platforms are seeking to attract new users by offering them opportunities to earn crypto for free. How does the trade work? Your first step is to sign up on the exchange platform and become a user. In return, usually after completing a few tasks, crypto exchange platforms will give you free crypto.

Want to know where and how you can get free crypto?

How to get free cryptocurrency: Bitcoin coins falling from wallet.

Let me now introduce you to a selection of ways how to get free cryptocurrency. The best programs worth considering when joining the crypto world are:

Want to learn about various terms related to cryptocurrencies and earn rewards for doing so? Then you should check Coinbase and Binance learning programs. On the other hand, if you wish for bigger rewards and challenges, Kraken Bug Bounty is the way to go.

Referral programs and sign-up rewards are great options for users who don't want to put much effort into earning free coins.

Want to know more? In the further chapters, I will cover these options in great detail, allowing you to make a choice and find the best opportunities to earn crypto for yourself.

Learn and Earn Programs

Have you just started investing in crypto and want to know more about this world?  Or maybe you are a successful investor interested in getting familiar with new and unknown cryptocurrencies?

Regardless of your knowledge level, learn and earn programs are suitable for everyone. The programs allow users to learn about crypto and get rewards for doing it. Along with simple and engaging videos, these programs become one of the options on how to earn crypto for free.

Coinbase Earn

Coinbase, as one of the leaders among crypto exchange platforms, has significantly impacted the approach to learning about cryptocurrencies. The combination of rewards and knowledge made many interested, making it arguably the best way how to get free cryptocurrency.

Sounds interesting? Let me introduce you to the Coinbase Earn program, the best way to earn crypto through learning. With the help of short videos, the programs give you an opportunity to learn about different cryptocurrencies and earn rewards for your effort and interest.

How to get free cryptocurrency: Coinbase Earn front page.

Coinbase Earn is created to make learning about cryptocurrencies more efficient, comprehendible, and successful. It is a great way for beginners to gain the knowledge needed to start their journey with crypto. In return, they receive coins or tokens as rewards for their first steps in the crypto world.

So, how to earn crypto for free through Coinbase?

Firstly, if you don’t have a Coinbase account, you must create one. Afterward, you will need to verify your personal information through a KYC (Know Your Customer) process. This information usually includes verifying your date of birth and address.

How to get free cryptocurrency: Coinbase create account page.

Afterward, you will be guided through photo verification, which helps to narrow down the likeliness of fraud cases. The company takes additional security measures to ensure the uniqueness and legitimacy of user accounts. Therefore, you definitely don't need to worry about your data falling into the wrong hands. With Coinbase, it's safe!

After completing photo verification, you need to check the list of countries eligible for  'Coinbase Earn' rewards. There is a wide spectrum of countries, including the United States, the United Kingdom, and the vast majority of countries in Europe and Asia.

Lastly, you must have a single Coinbase account. Users with multiple accounts will not be allowed to receive Coinbase Earn rewards.

After you have received confirmation that your account has been successfully verified, you can start collecting your free crypto. In each module that you choose, you will have to watch a short video and complete a 3-question quiz to summarize your knowledge.

How to get free cryptocurrency: Coinbase Earn offer.

Don’t be sad if you haven’t solved the quiz successfully on the first go. You can participate in solving the questionnaire as many times as you wish. Essentially, until all of the answers you provided are correct. After the system detects that your quiz is completed successfully, your reward will automatically appear in your wallet.

It is that easy. What about the rewards?

Your earnings are usually crypto coins or tokens that you have exclusively discussed during the course. The rewards can vary from $3 to $6 worth of cryptocurrency. On some occasions, the prize can reach up to $12 worth of crypto! Combining all of the completed courses, your rewards will be significant, nevertheless.

However, it is worth noting that all of the course topics are available for a limited period of time. So, if you want a particular currency, which is eligible to be gained through the courses, don’t hesitate, and start earning now!

Let’s consider that you have thoroughly enjoyed this experience of gaining various cryptocurrencies and want to tell your friends all about it. Coinbase offers you a great way to earn free crypto by sending friend invitations.

Through the use of your own referral link, you can earn Bitcoin every time someone connects and completes a course using the link that you provided. However, let's not get ahead of ourselves - I'll tell you more about the referral links and how they work in a second.

Binance Learn & Earn

With the extensive demand from users on how to earn free crypto like Coinbase, other cryptocurrency exchange platforms have been in a rush to create similar initiatives. One of those programs has been launched by Binance, one of the largest crypto exchange platforms, which offers a similar way how to get free cryptocurrency.

The program is called 'Learn & Earn', which is created with the same strategy as Coinbase’s platform. By participating in the program, users gain knowledge about various cryptocurrencies, their attributes & functionalities. Nevertheless, after successful participation in the course, users receive specific, course-related rewards.

How to get free cryptocurrency: Binance Learn front page.

The platform also requires verification of the users. As with Coinbase, it is a rather complicated multi-step process that requires concentration and attentiveness.

Let us now discuss the steps needed to take to be eligible for the rewards through Binance 'Learn and Earn' program.

Firstly, you should log in to your Binance account. If you don’t have one, it is quite a simple process of registering. The platform simplifies the method of registration by providing the ability to sign up with your phone number or email. However, if you want to register even faster, you can connect through your Google or Apple accounts.

How to get free cryptocurrency: Binance sign up page.

After logging into your Binance account, you have to verify your profile to be eligible to participate in 'Learn and Earn' initiative. At the beginning of verification, you must choose your place of residence. Make sure that your specified country matches the information provided in your ID documents, which will be needed for further steps of verification.

When you choose the country of your residence, the list of information needed for your verification will appear. Usually, the platform asks you to provide your personal information, such as name, surname, middle name, nationality, and date of birth.

How to get free cryptocurrency: Binance personal information tab.

Then, you will be asked to provide a government-issued document, which, in most cases, is either an ID card, passport, or driver's license. In this step, you will be provided with clear instructions on how to upload your documents. Make sure to follow the guidelines for quick and effective verification.

After completing the upload of your document pictures, the platform will ask you to submit your selfie. The portrait picture is used as a reference, to carry out the last step of verification. You will need to use your computer camera or the front camera of your phone to complete face verification by following the instructions on the screen.

How to get free cryptocurrency: Binance identity verification tab.

That’s it! If you have completed all of the steps correctly, you will receive a confirmation email allowing you to participate in the 'Learn and Earn' program and be able to earn free crypto like Coinbase users. Although the steps seem nice and easy, Binance notifies users to be patient during the period of verifications.

Now, let’s come back to the courses. The topics of the modules can vary from essential information needed to start trading or understanding crypto, to information about specific cryptocurrencies.

The single course is usually divided into four videos, which last up to 10 minutes. On average, their length is 2-3 minutes, which means that the course provides the most important and relevant information needed for the learner.

How to earn free cryptocurrency: Binance Learn offer.

At this point, you are probably wondering what are the rewards. It is hard to provide you with a clear answer, as Binance opens its “Learn & Earn” program in rounds. At the time of writing this article, the company offers earnings of up to $9 worth of crypto, which is quite a significant amount.

However, Binance provides a limited amount of tokens or coins to be earned by those users who want to participate in this program. When the amount of assets the company is willing to give is gone, it's gone. Therefore, I highly recommend following Binance announcements about the latest rounds, so that you can be first in line, to earn your free crypto like Coinbase.

Overall, both of these platforms are worth considering if you want to know how to get free cryptocurrency. Coinbase, as the original learn-and-earn platform, offers various courses on cryptocurrencies with rewards ranging from $3 worth of crypto. On the other hand, Binance offers courses about crypto and rewards of up to $12 worth of cryptocurrency.

The main advantages of a certain crypto exchange.

The main disadvantages of a certain crypto exchange.

Score based on the quality & advantages you get for a certain price.

Score based on genuine user reviews & opinions about the crypto exchange.

BINANCE COINBASE

Pros

  • A very well-known crypto exchange platform
  • More than 500 different cryptos available
  • Two-factor authentication
  • P2P trading option
  • Emphasis on security and KYC
  • Supports fiat-crypto acquisitions
  • Fiat currencies - accepted
  • Simple to use
  • Accepts only the most trustworthy cryptocurrencies
  • Very secure

Cons

  • Might be a bit difficult for beginners
  • Not available in all countries
  • Some of the less-known coins aren't supported

Value For Money

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Table: Binance and Coinbase pros & cons.

Which one to choose depends on you. Maybe you want to try both? If you do, go for it. 

Detecting Security Flaws

Security is one of the most important elements that crypto exchange platforms must have. Leaked sensitive information can result in huge monetary losses and distrust from users. Therefore, some exchange platforms are asking for user help, offering a way how to get free cryptocurrency in return. Sounds good, right?

One of those platforms is Kraken. The crypto exchange platform offers an initiative called "Bug Bounty". It is the best way to earn crypto if you have knowledge about programming, coding, or simply have an eye for details.

How to get free cryptocurrency: Kraken Bug Bounty program.

The mission of the 'Bug Bounty' program is to provide a safe environment for crypto users to trade, sell, and keep their cryptocurrency. It seeks to protect the users in their digital market space, and make sure that there is no place for mistakes or errors.

To participate in the program, the security flaw must be significant enough to be eligible for the reward. Usually, these flaws are leakage of sensitive data, code injection, authentication bypass, or clickjacking.

However, you should remember that each case is different. The team of experts checks if your findings are significant and assign a prize. The rewards could be highlighted as one of the main things attracting crypto users to find security flaws on Kraken. It is worth noting that the size of your earnings largely depends on the severity of the identified flaw.

If the identified issue has low severity, the rewards range from $500-$1000 worth of Bitcoin. However, if the issue is considered to be of critical importance, the reward can reach $100,000+ worth of Bitcoin. Incredible, right?

How to get free cryptocurrency: Kraken security flaw rewards.

Let’s imagine that, through a deep examination of the platform, you have found severe security issues. It is significant enough to report it to the developers, so you decide to pass it through to them. Do you simply write an email? Well, you would need to do a little bit more than that.

Firstly, all of the reports about identified issues must be submitted to [email protected]. The submissions require providing a detailed report about how and where the issue has been noticed. Moreover, the user must describe the steps needed to reproduce the findings.

Afterward, you must create a Kraken account, which must be identified as an intermediate level, eligible for your rewards to be transferred. To make your account reach the needed level, you must share additional information with Kraken.

How to get free cryptocurrency: Kraken account levels.

The required information includes proof of residence documents. These documents can be bank statements, residence certificates, insurance statements, or other official documents. They should contain your name, address, and be dated less than three months ago.

Another document needed for your verification is a government-issued ID (passport, driver’s license, or national identification card). Lastly, you should provide your face photo and valid social security number or individual taxpayer identification number. That’s it!

This is one of the best ways how to get free cryptocurrency. Therefore, if you have noticed a security flaw or have some spare time and want to be useful, I highly recommend analyzing Kraken and earning free cryptocurrency.

Referral Programs

Another approach how to get free cryptocurrency can be found in referral programs. Many crypto exchange platforms offer various rewards for you to simply invite your friends to join the platforms. In this chapter, I will overview the best offers worth considering if you want to earn free cryptocurrency.

Coinbase Referral Program

The Coinbase referral program is a great way how to get free cryptocurrency. The program allows both you and your friends to earn rewards. By working hand in hand, due to the significance of this platform, both sides can benefit and gain free crypto.

Let’s look deeper into how it works.

How to get free cryptocurrency: Coinbase referral program.

For you to start gaining your free crypto through Coinbase, you first need to have an account. Afterward, you need to send your friends a unique referral link. When your friend connects to Coinbase through the link you provided and makes an eligible trade, you both start earning additional bonuses.

How much is an eligible trade? Well, according to Coinbase, your friend has to buy or sell at least $100 worth of cryptocurrency in 180 days, which is approximately 6 months. Although, the exchange platform highlights that the size and reward greatly depend on timing and the country. At the time of writing this article, the reward is $10 worth of Bitcoin for both parties.

Although the process looks simple, there are a few things to be aware of when joining the Coinbase referral program. Firstly, your friend or the person using your link must live in the same country as you. Secondly, there is a limited amount of rewards that you can receive from the referral program initiative.

If you are fine with these limitations, invite your friends to join the Coinbase community, and enjoy your free bonuses.

Binance Review
Pros
  • A very well-known crypto exchange platform
  • More than 500 different cryptos available
  • Two-factor authentication
Main Features
  • Over than 100 different cryptocurrencies available
  • Strong security
  • Small withdrawal fees
Kraken Review
Pros
  • Secure and reliable
  • Low fees
  • A good amount of fiat currencies accepted
Main Features
  • Reputable exchange
  • Multiple fiat currencies are accepted
  • Relatively low trading fees
KuCoin Review
Pros
  • Anonymous trading
  • Secure
  • Supports a variety of cryptocurrencies
Main Features
  • Easy to use
  • Low fees
  • Good security
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What is a Crypto Bull Run? (Animated Explainer + Prediction)

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Binance Referral Program

Let’s continue with Binance, one of the leading crypto exchange platforms in the world. Binance offers you one of the solutions on how to earn crypto for free by initiating their referral program. The success of this program and its usefulness lies in the fact that both sides of the program earn benefits.

What exactly does Binance offer for you and your friends, and how to get free cryptocurrency using Binance? These are very valid questions; thus, let’s get right to the point, shall we?

The Binance referral program allows you to earn commissions from each trade that your friend makes. Cool, right? After you provide your referral link to your friend and they register to the platform, you become eligible to receive rewards for their trades in Binance’s Spot or Futures. It is a similar way to earn free crypto like Coinbase.

How to get free cryptocurrency: Binance referral program.

Let’s quickly move the focus from the referral program to the mentioned terms. Spot trading is buying or trading different cryptocurrencies or tokens immediately at current prices. Whereas future trading largely depends on two parties betting about the future price of the asset and planning on buying them in the future for a fixed price.

I hope that's clear, and we can come back to the Binance referral program.

How to get free cryptocurrency: Binance referral program steps.

The program is designed to give you a 20% commission rate on every trading fee that your friend pays. Moreover, it allows you to also share this reward by giving them 5-10% of your bonus.

Can it get any better? Yes, indeed, it can. If you have more than 500 BNB coins in your wallet, the referral rate increases to 40% and allows you to share up to 20% of your rewards with your friends. This allows for both you and your friend to get additional earnings.

So, if you are actively using Binance, or want to start using it, consider participating in their referral program and gain additional rewards.

Sign-Up Rewards

Lastly, by identifying different ways to earn crypto, I have stumbled upon a few methods on how to get free cryptocurrency with minimal investments. If you are not too annoyed about spending a few dollars to get your reward, or you would invest money into crypto either way, then here are a few great ways to get crypto through Coinbase.

How to get free cryptocurrency: Coinbase app and Bitcoin.

The first option for you to earn free cryptocurrency that you would come across when joining Coinbase is commonly known as “spin the wheel”. You probably have encountered this method on other websites or platforms. However, let me introduce how it works on Coinbase.

Firstly, to spin the wheel and retrieve your reward, you will need to create a Coinbase account. The procedure is quite typical. You need to indicate your name, last name, email address, and of course, create a password. After that, you will need to complete the first purchase of any cryptocurrency you like.

If you don’t want to break the bank, it’s okay! Your purchase can be as little as $2 worth of crypto.

Now that you completed all of the steps needed to join Coinbase, you can spin the wheel. Let's say you have invested only $2 worth of crypto. The good news is that, in any case, your reward will pay off. With the 'spin the wheel' initiative, the smallest reward is $3 worth of Bitcoin.

If this is the least you can earn, how big are the rewards?

By spinning the wheel, you can earn from $3-$200 worth of Bitcoin. However, most of the users win prizes worth $3-$5 in Bitcoin, whereas only a selection of users earn $6-$200. Regardless of the amount, the rewards are incredibly valuable and worth looking into.

Coinbase is not done giving you free Bitcoin! After you have made your first purchase, as a new user's first trade initiative, Coinbase is giving you $5 worth of Bitcoin. Isn’t it great?

How to get free cryptocurrency: Coinbase new user initiative.

So, let’s say you initially purchased Bitcoin worth $2. After making only one purchase, and let’s say, earning the least amount possible from the wheel spin, you now have $10 worth of Bitcoin. 5 times more than you have initially invested!

Conclusions

Currently, crypto is one of the hottest topics around the globe. Therefore, it is no wonder that many people are trying to find ways how to get free cryptocurrency. To make things easier for you, throughout the entirety of this article, we have discussed a variety of ways how to do just that.

With the Coinbase and Binance 'Learn & Earn' programs, you can gain additional knowledge about crypto and earn rewards for doing so. On the other hand, with the Kraken 'Bug Bounty' program, you can help the company ensure its safety, and get rewards for your help.

However, the easiest way to earn free cryptocurrency is by using referral programs and inviting friends to join crypto exchange platforms. Similarly, sign-up rewards are another great way to earn crypto and start our journey in the crypto world.

With that being said, thank you so much for reading this article on how to get free cryptocurrency! Good luck with all of your crypto adventures, and check out Coinbase, Binance, and Kraken for the best way to earn crypto.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms...
Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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FAQ

How can I get cryptocurrency for free?

Earning free cryptocurrency is easier than you think! You can participate in programs suggested by different crypto exchange platforms. These programs are Coinbase Earn, Binance Learn & Earn, Kraken Bug Bounty, and various referral and signing-up initiatives.

Is free Bitcoin not a scam?

Earning free Bitcoin is definitely not a scam! You can receive this asset by participating in various programs initiated by crypto exchange platforms. A few of the best ones are Coinbase's first trade and new user initiative, as well as the Kraken Bug Bounty program.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. It’s all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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