6 Ways to Earn Free Crypto

Do you want to earn free crypto, or do you wish to earn money online with little effort? If you answer yes to these questions, then this article is for you. There are some easy ways to earn cryptocurrency. And I’m going to cover six of them in this article.

Some of them can make you very wealthy, but the difficulty increases as the earning potential increases. And I’m going to score each method based on the timing it takes, its difficulty, and its potential earnings.

Airdrops

A crypto airdrop is a form of marketing that blockchain-based companies often use to about their project. This aims to get the word out about the cryptocurrency and have more people trade it when it finally makes it to an exchange.

Companies often talk about airdrops on their channels, as well as on social media and cryptocurrency discussion boards. There may be a required balance of crypto coins in the wallet of the lucky recipient before they can get the gift. Alternatively, users may have to carry out some action, like talking about the project on a social media platform, contacting a specific member of the blockchain project, or publishing a blog post.

Airdrops are the best way to get involved with new cryptocurrencies before they start trading. That means you could get a new cryptocurrency that is very valuable. And we can look at a quick example. Aptos recently had an AirDrop for early network participants, where those who minted the Aptos Zero testnet NFT were incentivized with 150 Apt tokens.

When writing this article, 1 Apt token is worth $7.65. That means 150 Apt-Tokes x $7.65 x 150 = $1147.5. That’s a lot of money for participating in a testnet where you only invest your time. Though the price crashed a few hours after launch because of people rushing to sell the airdrops

This method of earning free crypt is quite advanced because you have to be more tech-savvy in using crypto, DeFi, crypto wallets, and understanding how crypto work. But you can make a significant amount through this method if the project finally makes it to an exchange and become successful. 

So airdrops are a great way to encourage and reward early platform users who are part of a community. And these can be very profitable. Now, where do you find these airdrops? There are several airdrops platforms out there. One such is airdrops.io. You can also go over to Defillama, and click the link indicated in the screenshot below. At the time of writing this article, one of the links under the Defi tab is airdrops. Click on the link to reveal the list of all the available airdrops – a list of tokenless protocols that may airdrop.

To maximize your earnings through airdrops, you may use multiple wallets. However, note that not all wallets will be eligible. Sometimes they have to do KYC. But if you know various people who don’t care, you can use their details to participate in airdrops.

My rating

• Time: medium – Learning and understanding how to use these multiple protocols take time.
• Difficulty: medium – You have to be more of an intermediate to advanced crypto user because you need to understand what you’re doing and do it safely, so you don’t risk any funds. And that does require a good knowledge of these types of things.
• Earnings: high- The gains can be very high. In some rare cases, airdrops have been worth more than $10,000. It would help if you considered getting involved with projects that haven’t launched a token yet or a potentially very lucrative AirDrop.

Learn and earn

Crypto projects use their marketing budgets to give you coins for free, but to earn them; you have to learn about them. This method of getting free crypto is popular on a lot of major crypto exchanges. They want their users to learn about coins and projects, the exchanges get paid for it, and you get paid for it too. So, how do you make money? Head over to popular crypto exchanges like Coinbase, Binance, or Kucoin. Check for the Learning Rewards section, or Learn and Earn. You should see what you’re eligible to learn and earn by learning.

You might be lucky enough to come across projects willing to pay as much as $3 for a lesson that takes no more than a minute of your time. You will have to learn some basics about the project and then take a quiz.

Now, these opportunities are not readily available. Still, when they do, it’s worth a shot because, especially in a bear market, when you get these tokens, they could be treasured during the next bull market. If you want to take advantage of these opportunities, I recommend subscribing to emails from significant crypto exchanges like Coinbase and Binance.

My rating

• Time: effortless – It only takes a few minutes.
• Difficulty: easy
• Earning: medium – People should consider it, especially if they are learning about cryptocurrency and want to start earning crypto with no investment.

Cash back from crypto credit cards

You can earn cryptocurrency passively through your regular credit card spending. Some popular ones are:

Venmo Credit Card

Rewards earned on the Venmo Credit Card can be redeemed for cash or converted into bitcoin, Ethereum, Litecoin, or Bitcoin Cash at the end of each billing cycle. When you cash in bitcoin rewards, unlike with some credit cards, there are no transaction fees. By default, Venmo gives you the highest cash-back percentage on purchases made in the categories you use most often. You don’t need a spending plan to maximize your rewards; you’ll get 3% back on your highest eligible spend category, 2% on your second highest suitable spend category, and 1% on all other eligible purchases. The biggest issue is that you must move your cryptocurrency out of Venmo’s custodial platform and into an exchange or your wallet.

Gemini Credit Card

Gemini’s credit card offers rewards in bitcoin, Ethereum, and more than 60 other cryptocurrencies. You won’t find any other credit card that gives you instant access to cryptocurrency rewards. Gemini deposits the cryptocurrency you earn into your account immediately, not after a month. There is no need to time the market or incur unnecessary trading costs. Get paid in bitcoin, ether, or your preferred cryptocurrency for shopping and eating out.

This gets you 3% back on dining, 2% back on groceries, and 1% back on all other purchases. The Sofa Credit Card gets you 2% back on all purchases.

My rating

• Time: easy – you don’t have to do that much.
• Difficulty: easy – you need to shop with your card.
• Earnings: low – this is just a passive way to earn cryptocurrency through your daily spending.

Visa Card from Crypto.com

People with premium Obsidian Visa cards can get 10% cash back, up to $50 per month, in Expedia reimbursement credit.
Withdrawals from ATMs are free up to a monthly limit. You’ll receive bonus points when you link your card to Dosh and make purchases at participating businesses.

Crypto.com Points and Rewards Earning Rewards with Visa

Customers that use their Crypto.com Visa Card can earn CRO Rewards, which can be redeemed for cash. Crypto.com Rewards (CRO) is the platform’s native cryptocurrency token. It can be traded through the site’s marketplace for other cryptocurrencies or real-world money.

Bitcoin Rewards Visa Upgrade Card

Even though it has no special features that set it apart from other cards, the Bitcoin Rewards Upgrade Card is a good backup plan in case your first choices fail to work out. Only bitcoin can be earned. However, the 1.5% cash-back rate is the same as BlockFi. Your “ownership” of Bitcoin is limited to price exposure with the Upgrade Bitcoin Rewards Visa, even though you can use it anywhere Visa is accepted. Bitcoin incentives are non-transferable and can only be kept in the custodial account or sold for a statement credit at a later date. While this is restrictive, the card is still among the most accessible crypto rewards programs.

Community events

This typically happens on social media or specific platforms, but you participate in the event and can win or earn cryptocurrency. This is common in AMAs (Ask Me Anything), where people retweet to win and comment on content. These are fundamental ways to earn cryptocurrency, but only from reliable sources. There are a lot of giveaway scams on Twitter so beware. Never give away your seed phrase; stay safe out there and stick to the more reputable projects. You can find such community events in crypto exchanges that frequently run events where you can win or earn cryptocurrency. So follow all of the major crypto exchanges, even the smaller exchanges. You can find the list of exchanges here on CoinMarketCap.

The rewards from such community events are more like a competition. So earnings are not guaranteed. However, if you participate in enough of these events, your chances of winning are pretty good.

My rating

• Time: high – you will have to invest a lot of time following and participating
• Difficulty: medium because you have to participate and get involved at the right time, and it might be very time-consuming or difficult or something you need to learn about.
• Earnings: medium, overall, is an excellent way to earn cryptocurrency.

Reddit #Moons

You can earn cryptocurrency on Reddit for creating good content or comments that people like. And this can happen in the cryptocurrency subreddit. Reddit is among the most popular social media sites, and anyone contributing to the cryptocurrency subreddit can earn moons. Moons have value as a cryptocurrency, and you can make a lot of money if you’re good at commenting and creating content that people like. You can earn as much as $100 – $300 a month.

My rating

• Time: medium-high because it involves a lot of commenting, building a reputation, getting good at engaging with others, and creating content.
• Difficulty: medium. It would be best to determine how people will respond to your content.
• Earning: medium; you could make a significant amount, but it depends on how good you are and how much people like you on Reddit.

Bounties 

Bounty programs incentivize various participants to participate in predefined tasks. People participating in a bounty program get cryptocurrency or other rewards in exchange for promoting an ICO.

Bounties could be highly lucrative but also extremely difficult to find. Companies offer rewards if you find vulnerabilities in their network or product. You have to be very tech-savvy and knowledgeable to find these opportunities. You’re going to be hacky. You could earn anywhere from a few hundred to a few million dollars.  

My rating

• Time: High
• Difficulty: Extreme
• Earning: Extreme