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Free Cryptocurrency: Complete Guide to Earning Free Crypto
The last couple of years have marked an increase in the overall public awareness of cryptocurrencies worldwide. In return, a larger number of people have expressed their interest in purchasing or earning digital currencies.
While buying your favorite coin via an exchange is likely the easiest way to enter the cryptocurrency market, this industry is full of surprises – therefore a noticeable amount of coin can be earned for free.
As such, this article will cover the main methods that can be leveraged in order to obtain free crypto. Do keep in mind that most of these methods require a bit of effort, since nothing is ever truly free. However, these methods do not entail having to work a fulltime job, nor do they imply any monetary investment from your part.
Take Advantage of Coinbase Earn
Coinbase is largely seen as one of the most popular digital currency exchanges, especially in the United States.
While the platform facilitates the purchase and sale of crypto, it also offers its users the opportunity to earn several coins, including but not limited to Orchid, Tezos, Dai, EOS, Stellar, Zcash, Basic Attention Token and Ox.
For example, at the moment you can earn the following cryptos for free:
- Orchid: users can earn up to $52 OXT by completing a free course meant to teach you the basics of this privacy-focused coin;
- Tezos: completing a course on Tezos and learning about its openness, safety or upgradability will earn you $6 XTZ;
- Dai: a similar course-based offer is available for Dai as well, thus granting course participants $20 DAI;
- EOS: you can earn up to $50 EOS by completing a course on this coin, and learning more about its goal of facilitating the development of blockchain-based apps;
- Stellar Lumens: the completion of a quick course on how Stellar connects payment systems, banks and individuals will earn you $50 XLM;
- Zcash: this coin is known for its privacy-focused philosophy – course completion will grant you an undisclosed amount of ZEC tokens;
- Basic Attention Token: $8-worth of BAT can be earned by reading on BAT’s vision of fixing the web;
- 0x: last but not least, educating yourself on OX’s token-based idea of the future web will award you several ZRX tokens.
Do keep in mind that there is a catch to these courses. You must be the holder of a Coinbase exchange account, where all tokens will be credited.
Earning Free Crypto via Airdrops
Airdrops are one of the simplest and most effective methods of earning extra cryptocurrency, especially in the form of newly-announced tokens. The idea behind airdrops is quite simple – innovative and newly-launched projects choose to hold airdrops as an effective marketing strategy, meant to pique the interest of the cryptocurrency community.
Participating in an airdrop is bound to be quite simple. It entails owning an active Ethereum wallet that is ERC-20 compatible, an email address, Telegram account, and in some cases, a Twitter account.
Once these criteria are met, you will have to look for Initial Coin Offerings (ICOs), Security Token Offerings (STOs), and token-based start-ups that have announced an upcoming airdrop.
Most of these platforms will require you to sign-up, by entering your ERC-20 address and email. For marketing purposes, some airdrops may require you to follow them on Twitter, or join the Telegram chat group. This ensures that you’re kept in the loop and quickly become aware of news concerning the token.
Recently, KYC&AML regulations have made it mandatory for numerous airdrops to request identifying details. This is due to the money laundering potential associated with these events. Therefore, if you’re keen on protecting your online privacy, airdrops might not be the best choice for you.
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Recently, numerous wallet providers such as Blockchain.com have started sponsoring airdrops.
In other words, you are announced whenever a partner start-up is holding an airdrop of their new tokens, and can earn the tokens directly in your wallet. Similarly, there are numerous websites which scour the web looking for new airdrop events. Following will help ensure that you will be one of the first people to know about upcoming airdrops.
Leveraging Bounties for Free Coin
Bounties are quite similar to airdrops, in the sense that they represent free coins given away by crypto project developers. There’s one key difference, however – bounties generally imply that you do some type of work in exchange for the coin.
With this in mind, here are the main types of bounties, alongside a quick description for each:
Bug bounty campaigns are generally well-paid, yet they are only relevant to people who hold development skills. Programmers throughout the world actively attempt to crack the code of online platforms, while also testing for potential bugs.
As such, crypto and blockchain-based companies may hold bounty campaigns, where developers analyse platform functionality and report any bugs.
Over the last couple of years, there have been numerous instances in which white-hat hackers discovered vulnerabilities or significant bugs in web platforms. In return for this service, and based on the severity of the vulnerability discovered, companies can offer tens of thousands of dollars as compensation.
This marketing strategy is often implemented on forums such as Bitcointalk. In exchange for a monthly bounty, forum users add a specific signature, thus indirectly promoting the products and services of a crypto company.
Most businesses holding signature campaigns require forum users to have a higher membership level, which can be obtained through frequent high-quality posts. In return for buying the signature space, companies offer a monthly bounty in tokens.
Numerous bounty programs at Bitcointalk
Crypto start-ups are always interested in having their content translated into multiple languages. Since many start-ups run on a limited budget, a good method to go about this is to launch a translation bounty. Here, native users translate specific portions of text, in exchange for a number of tokens.
Social media, images, blog posts and video bounties
Last but not least, we also have other promotional bounties. Some companies may ask you to write and post a positive article on their services, whereas others may require you to edit videos, share posts on social media, or create promotional images.
Based on these aspects, bounties do, in fact, represent a method of earning free tokens, yet they imply actual work. Luckily, the work is generally quite easy (apart from bug bounties), and can be completed rather quickly.
The Earning Potential of Affiliate Marketing and Referrals
At this point in time, most experts define affiliate marketing as the process associated with promoting products and services of various companies, in exchange for a commission on each sale.
A recent research study concluded that US-based affiliate spending may reach $6.8 billion by the end of 2020.
As such, affiliate marketing represents a significant revenue stream for numerous companies, especially those which operate in the online ecosystem.
Therefore, it only makes sense that numerous crypto and blockchain-related businesses have launched their very own affiliate marketing campaigns. Getting involved is bound to be simple – in most instances, you need an account, and a personalized link, which can be shared across the web.
Any service or product that is purchased using your affiliate link or referral code will be credited with a percentage of the sale.
Affiliate marketing can earn you free cryptocurrency as long as you are active online. This implies sharing the link as part of valuable content on a variety of platforms, such as crypto discussion forums, Reddit, YouTube, Facebook, Twitter, Instagram, or your personal blog.
The possibilities are endless. Your success depends directly on the size of your audience and your overall online reach. However, this means that actual work needs to be carried out in order to get this free crypto. On the other hand, once your links are live, affiliate marketing becomes a lucrative source of passive income, which can be leveraged for a prolonged period of time.
To put things into perspective, here are several crypto-related affiliate campaigns:
- Coinbase: if new users sign up using your personalized affiliate link, you are eligible to obtain 50% of the fees charged by the exchange platform for all transactions;
- TREZOR: this platform offers 10% of net sales carried out by users who have signed up using your referral;
- Ledger: this affiliate program promises to credit 12% – 15% of all sales;
- LocalBitcoins: you can expect to earn 20% of the trading fee associated with each transaction that is carried out by referred users;
- Binance: this exchange platform offers 20%-40% commissions on transaction fees.
Do keep in mind the fact that these conditions may be modified unilaterally by the website. Therefore, it is always recommended that you carry out your due diligence, and carefully research the affiliate marketing conditions associated with each of the examples given above.
Additionally, note that this list isn’t exhaustive – in fact, there are hundreds of crypto-related affiliate opportunities on the market at this moment.
It certainly isn’t unusual for affiliate marketing to become a main income stream, especially if done right. People have reported earning hundreds of thousands of dollars monthly using affiliate marketing strategies.
Given the fact that we are referring to the digital currency market, your income potential is further increased by crypto price volatility.
However, this entails that you treat it as a fulltime job until enough of your links are published on the web.
Other Free Crypto Offers
A quick search will likely unveil numerous other free cryptocurrency sources. Here are a few examples that we consider relevant:
This crypto debit card company has launched a cash-back system that allows users to earn tokens on each purchase you make. Values vary between 1% and 5%, yet users can also expect several offers on third-party platforms such as Netflix, Spotify, Expedia or Airbnb;
This lending platform allows users to deposit cryptocurrency, and earn an interest as other users borrow it. It advertises itself as a safe method of earning passive income by using your existing coins;
Yet another digital currency card company, Wirex advertises a 0.5% bitcoin-based cashback scheme on all purchases made via the card.
Cryptocurrency gambling can also act as a method for earning free coins, yet extra care should be practiced if you decide to wager your coins. Do keep in mind that most casinos offer crypto faucets, which give out an amount of free coin every time they are clicked on (they are programmed against abuse, however, and serve as a method of encouraging users to keep on playing).
If you do decide to try your luck at a casino, make sure that you choose a platform that relies on a provably-fair protocol. Otherwise, you may expose yourself to rigged games that are bound to steal your hard-earned crypto.
Keep an Eye Out for Scams
Over the last couple of years, the popularity of the cryptocurrency market has increased exponentially. The rise in public awareness was mostly fuelled by intense volatility, and record-breaking prices.
With this in mind, the market is still seen as a way to get rich quickly. While there is significant money-making potential in crypto, this perception has led to the appearance of numerous scams, meant to fraud people out of their money.
Whenever dealing in crypto, there are two aspects worth keeping in mind: if an offer sounds too good to be true, it probably is. Also, you should never risk more than you can afford to lose.
Cybersecurity practices dictate that it’s best to always carry out in-depth research on any platform or service that you decide to use. Similarly, you should never give out your personal details or private keys to third parties.
Protection against scams and other forms of fraudulent activity is basically non-existent, whereas transactions are irreversible, therefore due diligence is essential.
The Bottom Line
Based on everything that has been highlighted in this guide, most people are only a few clicks away from earning free cryptocurrency.
There are hundreds, if not thousands of offers that you can take advantage of, while most imply an insignificant amount of work. O
n the other hand, those who are serious about creating a crypto-based income stream will be happy to know that affiliate marketing and bug bounty hunting are highly-lucrative passive income streams.
Want To Get FREE Cryptocurrencies? Read This Guide!
Perhaps nobody is so naive to believe that you can get some things absolutely for free. As to cryptocurrencies, this may sound foolish. Nevertheless, today I will show you some possibilities of how you can get cryptocurrencies without having to pay for them. All they will cost you is some effort and time. Quite surprisingly, these methods work!
If you have a few extra minutes to earn some crypto or, just want to try out a new method of investing continue to read. It doesn’t matter if you use your computer or phone. You can also do it when commuting by public transport.
Let’s start with good news: There is not only one possibility to get free cryptocurrencies. There are more. We are going to take a closer look at a few of them.
Crypto faucets alias „paid-to-click“
I though various PTC sites had been relegated to history. I don’t know how about you, but I came across them at the turn of the century or a few years past. At that time, there were several PTC websites such as Neobux (still running) where you could sign up and let ads run in a window.
In those days, the paid-to-click business was a great boom. It allowed you to earn a few bucks by clicking and after reaching a minimum level, to get paid. Your payment was sent to an electronic wallet, mostly by PayPal.
People with this experience know very well that clicking adverts can’t make you a millionaire and that it is a waste of time. The only way to make some profit in this field was to invite new people through your recommendation in the form of referral code. This would allow you to get some commission from registration plus from the clicking carried out by the invitees. If the number of invitees was large enough you could earn an interesting sum of money.
Faucets giving cryptocurrencies for free
Let’s get back to cryptocurrencies. The above-described clicking business exists also today with cryptocurrencies. There are various services called crypto faucets e.g. ethereumfaucet.info or freebitco.in. You can either get registered or not, but what you have to do is to enter the code of your virtual wallet (we’ll talk about it later) and then you can look at the adverts etc. To make it more practical, we have the faucets for you.
Open the website EthereumFaucet and take a look at the advertisements presented there. Enter the address of your ETH wallet to get free ETH!
A layout of ethereumfaucet.info website
It takes 20 seconds until the system allows you to enter the address. During the first 20 seconds, all that you see when clicking on the box with the wallet link is advertisements and commercials. After taking a quick glance at some casinos, match-making sites, or online series I closed them and quitted.
Eventually, after entering the address you see that you have gained 0,000003 ETH (to be paid out you have to achieve the minimum of 0.002 ETH). If you are a novice in the crypto business not yet familiar with the rates – let me stress that we are talking about a registration reward worth 0.000616196 USD. The minimum to pay out is 0.44018 USD. It will take you at least 30 seconds (20 seconds of waiting plus opening window…) to get 0.000616196 USD, which you can make once in an hour. Again, we are talking about an hourly “reward” of 0.0748238 USD Shall I continue? I don’t think so…
However, if you manage to lure a sufficient number of invitees to click using your referral code you can effortlessly earn decent money. All that you have to do is to spread your referral code over the social media, publish it on your blog or in other places and, after achieving plenty of registrations, you can make some profit. But if you try to earn money clicking on ads without doing anything else, believe me, it is a road to nowhere.
The website FreeBitco.in is a little bit more sophisticated than the above faucet.
This website requires to open an account using your e-mail address.
A layout of FreeBitco.in website
Next, it allows you to randomly pick a number from 0 to 10 000. Depending on the number that is drawn you will receive a free reward in bitcoin. This is most likely (at 99%) the lowest prize, currently amounting to 56 satoshi.
What’s interesting about this site is that it offers you the opportunity to multiply your earned satoshi. The “Multiply BTC” option features a game which allows you to repeatedly generate random numbers and guess with your satoshi whether the drawn number will be a bigger or smaller one. The minimum withdrawal is BTC 0.0003.
FreeBitco.in offers a referral program, too, a better alternative to earn money.
FREE: XLM worth USD 25 from Blockchain.info
If you want to get free Stellar Lumens all you have to do is to open an account on the Blockchain.info. A few days after your registration, you will receive an e-mail containing the next steps.
Statement showing the balance in my wallet (resource: Blockchain.info)
I’ve got XLM in my wallet already. I can instantly exchange the coins for a different coin (such as BTC) or withdraw them from the wallet.
Airdrops or new-age marketing
A second and, in my view, a more pleasant way are airdrops. New firms (typically start-ups) are launching new funding opportunities by using ICO (Initial Coin Offering). (Un)fortunately, the number of these firms is so big that you get lost and to push them through by marketing is impossible.
Instead of advertising, which might remain overshadowed, the firms use airdrops. There are three forms of airdrops.
Airdrop to blockchain
A startup picks up a well-established currency and sends its new currency at a certain ratio to all holders of the currency for free. For example, all holders of ETC will receive a free xz coin at the ratio of X to Y.
I can announce my intention in advance or, without any announcement, pick up a few active wallets. The user will see that he has received something. Maybe it will draw his attention encouraging him to use the crypto or, at least, to learn more about this topic.
If you have been in this crypto-business for some time you surely remember the bitcoin/bitcoin cash fork. In simple terms, the existing code was copied and you, holding 1BTC, received one free bitcoin (or a fraction of bitcoin). Why this happened is described in our next article; the key message is that now you will receive the given cryptocurrency for free.
Airdrop as a reward
The most popular method is crediting a certain amount of the new currency in return for fulfilling a task, most frequently re-tweet, share/like on Facebook, Twitter (typically sharing info about ICO). Once you fulfill your task you receive some reward. This reward is in some aspects similar to that received for PTC (in return for service) but here the rewards are much more lucrative
Remember that the majority of new coins will not survive and, at the end of the day, you may end up keeping a few valueless coins. I guess that one out of ten may retain some value and one out of twenty even succeed to bring you a decent profit.
CoinBase cryptocurrency giveaway (for free)!
A few weeks ago well-known cryptocurrency exchange CoinBase launched a new program (educative materials) called CoinBase Earn.
Thanks to this education material you can go through basic lessons and answer simple questions about certain cryptocurrencies and get them completely free.
The main goal of this program is probably to get cryptocurrency among the public, and the money people receive is a form of marketing investment from the authors of that certain cryptocurrencies. Go and get them!
Right now you can get these for free:
- Zcash worth 3 USD
- Basic Attention Token (BAT) worth 10 USD
- Ox worth 3 USD
To get free cryptocurrencies might be easy. As far as airdrops are concerned, you should check Airdropalert.com to at least keep up with the latest trends in the crypto world. Sharing communication via Twitter, making a few calls with your handset on the journey from work or while waiting for a coffee will also help. If you have a blog with plenty of people sharing texts or images with you on social media you can opt for faucets (…this, however, requires a vast network of contacts).
More about the author J. Pro
Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author
How to get free bitcoin
A guide to some of the most common ways to earn free BTC.
Last updated: 17 October 2020
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Can you get free bitcoin? Yes. In fact, it’s probably easier than you expect.
Can you get rich off it? That part’s not so easy.
There are six main ways to get free bitcoin. Arranged roughly from least to most profitable, they are as follows:
- Scams and gambling
- Affiliate programs
- Getting paid directly in bitcoin
Free cryptocurrency with Coinbase Earn
Coinbase Earn is an educational program that pays people to learn about cryptocurrency. There are different programs for different cryptocurrencies.
1. Go to the Coinbase site.
It’s also possible to get $10 of free Bitcoin by using a coupon such as this one.
$10 of free bitcoin on Coinbase
Get US$10 in free bitcoin when you buy US$100 or more of any cryptocurrency.
Last verified 17 Oct 2020
2. Click on the “Products” tab at the top of the page, and then “Earn.”
This will take you to the Coinbase Earn learning page.
3. Start earning
Browse the available courses and start earning. Coinbase will prompt you to create an account before starting a course.
Falling for scams
You’ll actually lose money by falling for scams, and you will typically lose money overall when gambling, so these are by far the least profitable options. Scams are worth a mention because some “free bitcoin” offers are simply scams.
If the offer asks you to make a payment of any kind and you don’t know exactly what you’re getting in return, there’s a good chance it’s a scam. There are legitimate ways of getting small amounts of bitcoin for free, so being asked to make a payment is a distinct red flag.
By contrast, bitcoin gambling sites are often just as legitimate as online gambling with any other kind of currency. They might be full of ads or malware, and you’ll typically lose money overall, but it’s theoretically possible to get free bitcoin from it.
A bitcoin faucet is a feature on websites that steadily drips bitcoin. For example, a website might dispense a fraction of a bitcoin every few minutes.
It’s usually an extremely small amount, equivalent to a few cents or a dollar, awarded to one user every few minutes.
This is often done as a promotional feature. If a faucet holds visitors on a website, it may translate to increased engagement, higher ad revenue or other benefits for the site’s owners that make it worthwhile.
Games might award miniscule amounts of bitcoin as a prize. They’re typically also filled with advertisements.
It works similar to bitcoin faucets. The bitcoin rewards keep people playing and viewing ads, so on paper the game looks like a great way for advertisers to reach people.
If you don’t mind viewing ads, actually enjoy the game you’re playing and have a lot of time to kill, the tiny bitcoin prizes might eventually add up.
Cloud mining warning
Cloud mining will almost never be profitable. This is because the breakeven point, where you make as much money from cloud mining as you put into it, will keep moving backwards and you’ll typically never be able to reach it.
The reason it moves back is because Bitcoin mining difficulty tends to rise over time, especially as Bitcoin prices do. This means the amount of Bitcoin you get from cloud mining will usually decrease over time, which pushes back the breakeven point. Bitcoin mining difficulty will usually only drop if Bitcoin prices do, but if that happens then your Bitcoin is worth less, which also pushes back the breakeven point.
As such, even if a cloud mining contract looks like it will be profitable, you’re still more likely to lose more than you earn.
In the rare cases where a cloud mining contract turns out to be profitable, it will have been more profitable to simply buy cryptocurrency instead of cloud mining.
A few years ago, you might have been able to make hundreds of bitcoin by mining on a home computer.
These days, it’s a lot more difficult. The bitcoin mining network is mostly dominated by big players with hundreds of thousands of dollars of computing power dedicated to bitcoin mining.
To make a profit from bitcoin mining, you need to have a lot of very powerful hardware. Otherwise you’ll end up spending more on power than you earn from bitcoin.
This is probably the easiest way to get free bitcoin that’s actually worthwhile. Affiliate programs are used in almost all industries, including cryptocurrency.
For example, you might refer a friend to a service and then you both get a discount, accrue rewards points or get a BTC or fiat currency bonus.
For example, by signing up to Coinbase through an affiliate link, you can get $10 worth of bitcoin for free.
When you can get discounts or free money, it can be worth going out of your way to sign up for a service through an affiliate link instead of signing up directly.
Get paid directly in bitcoin
You have to work for it, so it’s not really free, but technically you’re also working for any bitcoin you might get from a faucet or as a game reward.
There are different ways to do this. For example, you could do any one of the following:
- Asking for bitcoin donations on your website through a wallet address and QR code.
- Working for a company that pays directly in bitcoin. For example, if you do freelance work for a cryptocurrency business or have a reputation as a reliable service provider, you could get paid in bitcoin.
- Asking your employer to pay you in bitcoin. If you really want, you might ask for part of your wages or salary in bitcoin. Although it’s safe to assume that at this stage, most employers will say no.
If you’re hoping your bitcoin will appreciate in value, it might just be better to buy it the usual way.
Bitcoin might multiply in value tenfold, but that 10 cents of bitcoin you’ve earned from a game will still only be worth a dollar.
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