During the last few years, the cryptocurrency market has been expanding at very fast rates allowing for many investors to make large returns on their investments.
However, not everyone was able to enter the cryptocurrency market. There are several individuals that due to different reasons were not able to have access to cryptocurrencies.
In this article, we will explain how to earn crypto for free through different easy-to-follow methods. Although some of them may not be available in your region, some others will be very useful for you to have a first impression of what means to be a cryptocurrency holder.
Earn Free Crypto with Brave | Get Paid For Watching Ads
Brave aims at helping users have a much more private web browsing experience. Google and other web browsers do not protect users’ privacy and are very invasive.
They handle clients’ data and use it to make ad campaigns much more effective for companies and businesses. Indeed, users do not receive any benefit for the data that Google and other companies handle.
With Brave, things are different. Users are able to receive rewards for the attention they give to specific ads displayed throughout the day.
The first difference with a traditional web browser and Brave is very noticeable. When you open new pages, you will see that there are no ads being displayed. This is very positive because it makes the whole web browsing experience much more pleasant and users have to give less information about themselves.
However, if they accepted to receive ads from curated companies, they will be paid in Basic Attention Token (BAT) for their attention.
BAT is the cryptocurrency that powers the Brave browser and that has been used by Brave to reward content creators and website owners, besides being used to reward users for their attention.
In this way, users can earn crypto in a few steps and get easy access to the cryptocurrency market. This cryptocurrency can then be used to tip other websites for the content they provide or tip users on Twitter and Reddit for the posts they do.
Although the funds received may not be large, they can help you understand how it is possible to send cryptocurrencies, how they work, and which are the precautions that you must take while handling them.
Participate in Airdrops And Get Free Tokens
The aforementioned method is not the only one to earn free crypto. There are other ways in which users can start to earn digital currencies.
The second method that we will describe in this article is related to airdrops promoted by cryptocurrency projects.
Several crypto-related projects in the market want users to have access to their cryptocurrency, hold it and use it. This is why they many times decide to conduct a so-called airdrop.
An airdrop is a method by which a crypto-related project gives free digital currencies or tokens to users that may already have or not the token they are giving away.
Although there are many rules for participating in an airdrop, it is possible to get free tokens in a few and easy steps.
For example, Stellar Lumens (XLM) decided to conduct a massive airdrop in which they gave away 2 billion XLM tokens valued at $120 million on September 9, 2019. In order to receive the funds, users had to hold an account on Keybase and receive the XLM on their accounts.
At the same time, WIN (WINK) conducted an airdrop program for TRON (TRX) holders a few months ago. Users had to hold TRX in order to receive WIN tokens as a reward.
These were just examples of how airdrops work, but there are many others with different rules. Cryptocurrencies that are decentralized have fewer chances of being part of an airdrop, considering there is no central authority controlling a large number of funds.
This is a way of earning some few crypto tokens without having to pay for it. Although these airdrops tend to give a few cents up to a few dollars to users, they are very useful to increase awareness of a specific cryptocurrency or blockchain project.
The best thing you can do is to follow the blogs of many of growing cryptocurrency projects in order to be one of the first users to receive the official information of an airdrop.
Earn Free Crypto While You Learn With Coinbase Earn
Another way to earn free crypto is by being part of the Coinbase Earn promotions. This is one of the easiest ways to earn crypto without having to pay for it.
In order to have access to Coinbase Earn, you will have to be a fully registered Coinbase user. This is a constraint in some regions because Coinbase may not be allowed in your jurisdiction.
Moreover, users that are registered must provide private information about themselves, including tax number, full name, address and more data.
If you are compliant with all the requirements established by Coinbase, then you will be eligible to start earning free cryptocurrencies.
Coinbase is one of the largest and leading crypto exchanges in the market. With Coinbase Earn, you will have to learn about different cryptocurrencies and get rewarded every single time you correctly answer the questions related to these digital assets.
There are explanatory videos in which Coinbase explains how a specific digital asset works and why it was created. Once the video ends, users will have the possibility to answer a few questions about it and receive tokens as a reward.
In the past, Coinbase allowed users to receive 0x (ZRX), Stellar Lumens (XLM), Zcash (ZEC) and Basic Attention Token, among others. In the future, new projects could be added and users could earn free crypto just by answering a few simple questions.
As mentioned before, the negative side about getting these free tokens is the fact that it could be uncomfortable for users to provide their private data just to earn a few dollars in cryptocurrencies.
Participants can earn between $1 up to $20 depending on the digital currency and the promotion made available by Coinbase.
If you want to start earning free crypto, you can start by registering yourself at the exchange and getting free funds as soon as a new project decided the community to learn about it.
Earn Free Crypto with Staking
There is another way to earn crypto for free. Users can simply stake their coins in order to receive rewards.
Staking is a practice that is conducted by cryptocurrency users to participate in a specific blockchain network.
While Proof of Work (PoW) networks have miners that get rewarded for processing transactions with ASIC miners, Proof of Stake (PoS) networks reward validators according to the number of funds they handle.
Passive income is currently a growing trend around the world. Cryptocurrencies may provide a solution or a new way of receiving passive income.
Although to start staking the user needs to have the underlying asset of a specific network, they can easily start earning a monthly interest on the funds they hold.
Considering the interest for staking cryptocurrencies grew over the last few years, both Binance and Coinbase decided to start offering staking services integrated into their platforms.
Binance has launched a lending and staking service in which users can earn free crypto for just staking their coins on specific networks.
For example, Users can now stake TRON and receive between 1% and 3% on an annual basis. At the same time, the estimated annual yield of staking Algorand (ALGO) is currently between 12% and 14% annualized.
Coinbase has also introduced this solution for users. This would help users to earn rewards on their cryptocurrencies in a very easy way.
At the moment, the estimated annual return for Tezos staking on Coinbase is around 5%. Users will be able to see their pending rewards increase in real-time in the Coinbase application. Once the holding period gets completed, users will receive the wards in their accounts every 3 days.
These solutions are very useful for users that have already cryptocurrencies and want to earn passive income on them without necessarily having to sell them.
There are different solutions in the cryptocurrency market that allow users to earn free crypto. During the last year, new services were released to the market, such as Brave rewards or Coinbase and Binance staking.
Airdrops have been in the market for a long while and exchanges are making it easier for users to participate in different blockchain networks through staking.
Getting free crypto can be tricky, but it is certainly possible to do so. In this article, we aimed at helping you understand which are some of the best solutions currently available for you to earn crypto for free.
Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.