The crypto market offers a lot of ways to get digital assets for free with minimal effort. Companies often offer various bonus programs and conduct promotions to attract a large number of users. It is worth noting that some crypto enthusiasts who mined Bitcoin without investments using their home computer or received it in other ways, were able to make a fortune.
In this article, we will look at various ways and life hacks that allow you to get cryptocurrency for free, both with and without investments.
Free cryptocurrency without investments
In this section, we will tell you about the easiest ways to get a cryptocurrency that does not require investment. The amount depends on how active you will be and how much effort you will put in.
Bitcoin faucets
Cryptocurrency faucets are the simplest way to get your first cryptocurrency. All you have to do is periodically solve the captcha and spin the bankroll. The only drawback is that it will take a very long time to accumulate a decent amount. Even if you use dozens of bitcoin faucets at the same time . For one bankroll scroll, you can get from $0.008 to $200, but the larger the amount, the lower the probability of getting the desired number.
Best bitcoin faucets:
- Freebitco.in – one of the oldest and most popular bitcoin faucets, founded in 2013. If you accumulate 0.0003 BTC, you can get daily 4.08% per annum on your balance;
- Cointiply – the site has not only a bankroll, but also various tasks: surfing, surveys, quests, offers, etc. When accumulating 0.00035 BTC, 5% per annum will be accrued;
- Moonbit.co.in;
- Bitcoin Alien – that is a mobile app;
- Bonus Bitcoin.
Buxes with payouts in cryptocurrency
Buxes allow you to earn cryptocurrency for simple tasks on the Internet and offers, for example, for clicks, downloading an app, subscribing to social networks, passing surveys or registering on the site. You will not earn much in this way, but it may be useful for beginners to get acquainted with it.
Here is a list of some buxes:
- AdBTC;
- Cointiply;
- BTCClicks;
- Coinpayu.
Airdrops and bounties
These methods allow you to get cryptocurrency for social actions: subscribing to social networks, inviting friends, writing articles, and so on. The only difference between airdrop and bounty is the difficulty of tasks. Bounty is more suitable for bloggers who have an audience. They are offered to get a free cryptocurrency registration via a referral link, create videos and reviews of the project. But the bounty fee is also higher.
Most often, within the framework of airdrop/bounty, participants receive a cryptocurrency that is not yet traded on exchanges and it is unknown whether it will be traded at all. But there are airdrops that allow you to get coins that are already traded on crypto exchanges. For example, Blockchain.com gave everyone $25 in Stellar tokens (XLM) for a simple KYC verification.
Where to find airdrops:
- Airdrops.io;
- Airdrop King;
- Airdropalert.com;
- Coinbase Earn distributes cryptocurrencies for completing video tutorials;
- Atomic Wallet – a wallet that distributes its own tokens, traded on exchanges, for inviting friends to download and create a wallet.
Affiliate programs
You don’t have to trade on crypto exchanges yourself to earn cryptocurrency. You can invite other users to register using your referral link and get a percentage of commissions. There are also services that offer rewards for registering, downloading and installing programs by invited users.
You don’t have to purchase ads on ad platforms to promote your partner link. You can create a free blog, YouTube or Telegram channel, or simply recommend the services to your relatives, friends and acquaintances.
Crypto exchanges and other services with affiliate programs:
- Binance;
- OKEx;
- Yobit;
- Brave Browser allows you to get BAT tokens if your referrals install and use the browser;
- Ledger, KeepKey, CoolWallet and other hardware wallets offer rewards devices purchased by invited users.
Freelance
There are many popular professions in the blockchain environment: developers, marketers, copywriters, managers, etc. If you know how to do something, you can offer your services and receive payment in cryptocurrencies. You can find customers on thematic forums or freelance exchanges:
- BitcoinTalk – the largest Bitcoin forum;
- CryptoTalk – the forum that grows really fast;
- Bits.Media;
- XBTFreelancer – a popular freelance exchange for cryptocurrencies;
- Job4Bitcoins – subreddit with job offers for bitcoins.
Free cryptocurrency with investments
Perhaps you are interested in the question: how to get 1 Bitcoin for free? It is important to understand that it is very difficult to get a large number of cryptocurrencies for free without any investment at all. But you can use existing funds to get even more cryptocurrency. We will not consider such methods as mining, trading or investing. Although you will still have to get a crypto wallet and a small amount of cryptocurrency to start.
We will consider such methods that do not require financial costs, with the exception of, perhaps, a fee. Your amount of coins will change, but using it, you will be able to obtain more of the cryptocurrency. So it turns out that you will get it almost for free. But first, the cryptocurrency has to be stored somewhere.
Popular wallets for storing cryptocurrencies
There are several types of crypto wallets: hardware (or cold wallets), desktop, mobile, and web wallets. Hardware devices are considered the most reliable, but lightweight mobile and browser-based cryptocurrency wallets are more convenient to use and allow you to access coins almost anywhere. Here are some popular crypto wallets:
- Ledger Nano S or X – multi-currency hardware wallet;
- Electrum – desktop bitcoin wallet;
- Trust Wallet – mobile multi-currency crypto wallet from the famous Binance exchange;
- Bitcoin Core (ex-Bitcoin Qt) – the original desktop bitcoin wallet with the full history of the blockchain (takes up more than 200 GB of memory on the hard disk);
- Blockchain.com (ex-Blockchain.info) – a popular and simple web wallet.
Where to buy Bitcoin (BTC) and other cryptocurrencies
Now that you have a wallet, you need to purchase some cryptocurrency. The choice of method depends on your goals. For regular purchase, crypto exchanges and P2P exchanges are suitable – there is a favorable exchange rate, a low spread (the difference between the prices of supply and demand) and trading fees. Here is a list of popular cryptocurrency exchanges:
- Binance;
- Coinbase Pro;
- Kraken;
- LocalBitcoins;
- Coinbase.
But crypto exchanges are best suited for traders. For storage, it is better to use crypto wallets, since in this case you own private keys, which means that you also own cryptocurrencies. Cryptocurrency exchangers are perfect for buying bitcoin.
Lending and crypto loans
Both methods are similar in essence: you provide your bitcoins for rent, and for this you get interest. This is similar to bank deposits, but the yield for deposits in cryptocurrency is higher – on average from 4% to 12% per annum.
The difference is that in the case of lending, you provide loans to other traders, and in the case of crypto loans – to exchanges and services. There are also flash loans of cryptocurrencies as part of the DeFi ecosystem. Here is a list of services where you can get interest for providing cryptocurrency on a secured loan:
- Binance Finance – a section on Binance where you can get interest on a Deposit at a floating or fixed rate;
- Yobit – provides the “Investbox” service, where users can receive 0.1% – 0.2% per day on deposit;
- Crypto.com – a wallet that pays for a deposit in cryptocurrency;
- NEXO – a popular crypto loan service;
- BlockFi is a decentralized DeFi loan service. Due to the lack of intermediaries, the rates are noticeably lower – up to 0.55%;
Staking
PoS came to replace the classic POW mining, which requires a lot of computing power. Staking does not require large expenditures on mining equipment: it is enough to buy a cryptocurrency and store it on your wallet. The yield can vary from 1% to 20% per annum. Interest is usually accrued once a month, but coins are blocked on the account for a period of 3 to 32 days, depending on the chosen cryptocurrency. If you store cryptocurrency on an exchange, the locking period does not apply, and you can withdraw coins at any time. Here are a few crypto exchanges and wallets that support PoS:
- Binance;
- Crypto.com – a wallet for staking;
- Cobo Wallet;
Contests and promotions
Crypto exchanges often hold various contests and bonuses with valuable prizes in cryptocurrency. Promotions are different: for example, it is possible to obtain a cryptocurrency for a retweet or for participating in the contest. In the second case, the real cryptocurrency on your account is not always required. Sometimes you can trade virtual funds, and if you win a prize at the end of the competition, you will receive a real cryptocurrency as a reward. What other promotions are there:
- No deposit bonus. Usually you need to fulfill a simple condition: make a repost in social networks. As a rule, you cannot withdraw bonus funds. But profit is possible;
- Deposit bonus. You get real cryptocurrency, but here you also need to fulfill the conditions, for example, to perform operations to achieve a certain trade exchange. Usually it is enough to make 10-20 trades, and the bonus will be credited to your account. Part of the amount will be spent on fees, but bonus coins will pay for it, and in the end you will make a profit;
- Verification bonus. In this case, you need to pass KYC, and you will get a cryptocurrency that can be traded or immediately withdrawn. Investments are usually not required.
Some exchanges, such as Yobit, sometimes distribute cryptocurrency without any conditions as part of promotions. Just solve the captcha and click the “Claim” button. Follow the news of various exchanges to find out about new promotions. Exchanges that regularly hold promotions:
- Binance;
- Currency.com;
- ByBit;
- Yobit;
- Coinsbit.
Conclusion
There are many ways to get cryptocurrency for free, even without investments. It is enough not to be lazy and constantly look for opportunities: on websites, forums or blogs. For example, you can create a blog or game and collect donations or offer your services, receiving payment in cryptocurrency. It all depends on your imagination. Good luck!
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