The advent of cryptocurrency has made it possible for many people to get digital assets with little to no start-up capital. If you’re interested in cryptocurrency or just want to test the waters with digital money, there are a number of ways to get some for free. Discover ten tried-and-true methods to earn free cryptocurrency with this detailed tutorial.
1. Airdrops
One of the most common methods to obtain cryptocurrency for free is through airdrops. Free token distribution is a common marketing strategy for new cryptocurrency projects. Signing up and finishing several easy activities will qualify you. Follow sites like Airdrop Alert and get involved in related social media groups to keep up with airdrop news. Just be wary of frauds; you should never provide personal information in order to receive free cryptocurrency.
In 2020, 400 UNI tokens, with a maximum value in the thousands of dollars, were issued to users who had utilized the Uniswap platform before a specific date as part of the UNI token airdrop. XcelPay’s initial token release also included an airdrop distribution of tokens.
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2. Bounties
Show me your tech skills! There are cryptocurrency projects that pay people to uncover and report security flaws in their code and infrastructure. Consider it as a way to earn a living while solving crypto mysteries! Finding and reporting security problems is a great way to earn cryptocurrency if you’re technically inclined. Numerous crypto firms’ bug bounty programs are listed on platforms such as HackerOne and Bugcrowd.
After finding a serious weakness in the Polygon network in 2021, a white-hat hacker made $2 million in ETH.
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3. Play-to-Earn Crypto Games
Players, celebrate! Players can earn cryptocurrencies or NFTs (Non-Fungible Tokens) in play-to-earn games just by leveling up and completing in-game tasks. It’s almost like making money while doing what you enjoy! You can buy and sell in-game items on several marketplaces after playing these games.
Some players earn a job playing Axie Infinity, which allows them to acquire Smooth Love Potion (SLP) tokens and valuable NFTs.
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4. Crypto Mining
To validate transactions and add them to the blockchain, crypto miners use computer hardware to solve complicated mathematical problems. As compensation for your work, you will receive cryptocurrency. Cloud mining or allowing mining with less powerful gear is an option for projects that offer an affordable alternative to traditional mining.
With the correct configuration, it is still possible to earn money mining cryptocurrencies like Monero with a standard CPU.
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5. Offering Freelance Crypto Services
Jobs can be posted on freelancing websites that accept cryptocurrency, such as CryptoGrind and Ethlance. Offering your services in exchange for cryptocurrency is a viable option for anyone with talents in writing, graphic design, programming, or marketing.
Crypto blog and website content creation is a viable side hustle for freelance writers looking to earn Bitcoin or Ethereum.
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6. Staking
In order to facilitate the functioning of the network, including the validation of transactions, staking entails keeping a fixed quantity of cryptocurrency in a wallet. Afterwards, you’ll be rewarded. Ethereum 2.0 and Cardano are only two of several blockchain networks that provide incentives for staking.
Gain access to an APR of up to 30% by staking several cryptocurrencies in the XcelPay Wallet, including Bitcoin, Ethereum, MATIC, USDT, BNB, XLD, SHIB, and more. You can also earn more ADA tokens as prizes by staking them on the Cardano network.
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7. Faucets
Crypto faucets, which offer free, little amounts of cryptocurrency, are number seven on the list. They frequently solicit for your attention in exchange for little things, like watching advertising or solving captchas. Despite their modest size, the benefits might build up with time.
Online Bitcoin faucets, such as FreeBitco, provide users the opportunity to claim small sums of Bitcoin hourly.
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8. Crypto Lending
You can lend out your bitcoin to others and get interest payments via sites like BlockFi and Celsius Network. Even without lending them out, some services give interest on cryptocurrency deposits.
Earn interest paid in bitcoin by depositing your USDC on BlockFi. Soon, XcelPay Wallet will offer lending and borrowing options.
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9. Affiliate Programs
Referring new users to the platforms of various cryptocurrency companies might earn you a commission through their affiliate programs. Spreading the word about your referral link allows you to earn either a fixed reward or a portion of the fees for every new sign-up.
By inviting others to join Binance using your referral link, you can share in a portion of their trading costs.
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10. Blogging and Content Creation
Steemit and Publish0x are two platforms that pay users bitcoin for publishing articles and engaging with the community, so if you enjoy creating content, you can earn cryptocurrency doing both. Create content that others want to read and engage with, and you may earn cryptocurrency for every view and engagement.
By reading and writing articles on Publish0x, both authors and readers can earn tips in a variety of cryptocurrencies.
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You may earn cryptocurrency for free and without investment using a variety of methods. There is a vast array of chances to investigate, from taking part in giveaways and airdrops to making content and providing freelance services.
There is a way for everyone to participate and begin earning cryptocurrency right now, regardless of whether you are technically savvy or would rather interact with communities.
Well Done!
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