There are around 10,000 cryptocurrencies that are used in the crypto world as of September 2022. And that is huge!
To name a few, the most common cryptocurrencies used are:
- Shiba Anu
- Crypto tokens
With the rapidly increasing value, Cryptocurrency has become more and more popular, and earning free crypto instantly has become easier because you just have to choose a method that suits you best.
If you are searching for ways to earn free cryptocurrencies online, you are at the right place. After extensive research for many hours, here are the best results I found.
There are many ways to earn free cryptocurrencies.
The most common ways to earn free crypto are:
Using Crypto Web Browsers
Playing Crypto Games
Learning And Completing Crypto Courses
Participating In Crypto Forum/Community
Using Crypto Faucets
Investing – Buying, Selling, And Storing
Crypto Staking And Lending
Using Crypto Credit Card
We will talk about them in detail.
1. Crypto Mining
Crypto mining is the process of building new cryptocurrencies and verifying the transactions that take place on the network by solving mathematical puzzles.
You actually do not need any mathematical knowledge since computer power is often the main indicator that determines the winner of the crypto.
Crypto mining is the process that takes place on the PoW (Proof-of-Work) network. Without crypto mining, no one would practically be able to purchase Bitcoin or similar altcoins.
To be able to win a free crypto reward, you need to be the first one who solves the mathematical problem needed to validate a certain network transaction.
The rewards you receive are typically in the form of the native currency, for example, if you are mining on the Ethereum network, you will get ETH.
The process may take up to 30 days to earn 1 bitcoin.
You will require a powerful computing system to mine crypto.
Who can Mine Cryptocurrency?
Anyone with a supported wallet, internet connection, and powerful hardware can start mining cryptocurrency. It basically depends on the type of cryptocurrency you choose to mine.
You can either go with solo mining or pool mining.
The most affordable computer system for mining cryptocurrencies are:
1. Antminer T9+ – Most affordable for beginners and experiments.
2. Bitmain Antminer S9 – Best for beginner miners, and experimentation.
3. WhatsMiner M31S+ – Best for experienced Bitcoin and SHA-256 miners.
Some of the most popular places to mine bitcoin are:
ECOS is a full-fledged crypto investment platform that provides a free cloud mining contract for 1 month to test their platform!
It has a cryptocurrency wallet, exchange, cloud mining contracts, and crypto portfolios for investors.
Ecos has mobile apps for Apple store and Google Play.
ECOS cloud mining contracts are only for Bitcoin mining. You can create a contract ranging from $75 to $50,000 that is valid for 15 months to 50 months.
The accepted payment modes are cards, BTC, ETH, XRP, and LTC.
StormGain is an all-in-one crypto platform that has a free one-click mining platform and is one of the simplest mining platforms.
You can buy, sell, trade, exchange, and mine. Mining is limited to Bitcoin and is done on StormGain servers itself.
Trading, exchange, and withdrawals fees are specific to coin type. But, the deposit is free of any commission.
StormGain has applications for Android and iOS.
Awesome Miner has a cloud subscription that offers mining management from anywhere with just an internet connection.
It is free of cost for 2 miners and the paid plan start with $4 per month billing annually.
This service starts at $4 per month, billing annually for 10 miners. This service has a 30-day trial period if you’ve less than 400 mining rigs.
Awesome miner is suitable for huge mining farms and has rich documentation and helps sections to assist users in every possible way.
Presearch is a community-powered search engine that uses blockchain technology. It is run by the nodes operated by Presearch users and allows you privacy while browsing.
You can use the Presearch browser at any time, but in order for you to collect the PRE tokens, you need to create an account. You can register here for Presearch Browser Extension.
Presearch allows you to withdraw once you collect 1000 PRE tokens.
Brave is a privacy-respecting web browser that gives rewards for using their browser. You won’t see ads inspired by your browsing history. And, you can change the frequency from the default five ads/hour.
Brave rewards are the easiest way to earn free crypto. All you have to do is to use the Brave web browser instead of your Chrome or Safari and turn on the Brave rewards to earn your free cryptocurrency.
You can Start using Rewards to add in free Basic Attention Tokens (BATs) without doing anything special like a course or game. You can even cash in those rewards by verifying your Brave wallet.
3. Earn Free Crypto Playing Crypto Games
You actually can earn free cryptocurrencies by playing games. The game functionality is similar to classic video games you must have played with game consoled except that it is hosted on the blockchain.
Some of the most popular places to earn free cryptocurrencies by playing games are:
Coin Hunt World
Lucky Block Crypto Game
Freecash is a platform that partners with advertisements and research companies by giving rewards when you perform certain tasks.
Tasks like surveys and games are available based on your geolocation. Users earn more than $20.00 a day on average on Freecash. You can earn coins as gift cards.
Every 1000 Freecash gives $1.
You can sign up for Freecash free with your email address and use your smartphone or computer.
The regular withdrawals take 5-10 minutes while a PayPal payout can typically take 24 hours.
#Coin Hunt World
Coin Hunt World is like a Pokemon sort of game available on Android and iOS. It helps you earn a small amount of Bitcoin and Ethereum for free.
If you are based in the USA, UK, Canada, and El Salvador, you will be able to collect keys, open boxes, make friends, and much more.
#Lucky Block Crypto Game
Lucky Block is an innovative platform hosted on the Binance Smart Chain (BSC) that offers exciting games and daily prize draws facilitated through a user-friendly web or mobile app that allows worldwide access.
Users who hold LBLOCK, Lucky Block’s native token, can generate a passive income stream simply by connecting their crypto wallet to the gaming platform.
Crypto Popcoin helps you earn free Ethereum and Popcoin. The same is really simple. You have to group the coins and then tap to pop them.
The idea is to pop as many coins as you can till the end of each stage and you can also get a bonus based on the coins you pop in every stage.
You will earn 1 Popcoin for every game point.
You will also need a Coinbase account to earn Ethereum, any ERC-20 wallet address like Metamask is required for earning PopCoin.
4. Earn Free Crypto By Learning And Completing Educational Crypto Courses
You can actually earn free cryptocurrencies by learning. And that is insane and it’s true.
Earning free crypto through learning mostly involves participating in educational courses or watching videos.
You can earn free crypto while you learn at:
Coinbase allows you to earn free tokens when you learn about some of the crypto projects. In simple words, it’s earning while you learn.
Right now, the eligibility for this opportunity is available in limited countries. Coinbase is working to accommodate more countries.
If you are among the countries mentioned below, you can participate.
Coinbase’s ‘earn while you learn’ eligible countries are:
Austria, Australia, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Turkey, the United Kingdom, the United States.
CoinMarketCap is another platform where you can earn free crypto while learning.
It is one step ahead of Coinbase in that it has quizzes to verify your knowledge. You not only need to qualify but also need to score a perfect 100% to earn crypto for free.
It is also restricted to people residing in these countries for now –
Belarus, Democratic Republic of Congo, Cuba, Iraq, Iran, Mainland China, North Korea, Sudan, South Sudan (SS), Syria, Guam (GU), Northern Mariana Islands (MP), Puerto Rico (PR), Virgin Islands US (VI), American Samoa (AS), United States Minor Outlying Islands (UM), Zimbabwe.
5. Earn Free Crypto From Crypto Forum/Communit
LunrCrush is a platform that brings all the crypto talk from the entire internet to you. It collects all the mentions any crypto gets and presents so that you don’t miss anything trendy.
And Lunr is the crypto token that you can earn for free by engaging on LunrCrush. You can earn points for every activity like account sign-up, referrals, connecting to Twitter, the time you spend on LunrCrush, etc.
While your individual activity helps you earn free crypto, it depends on the other participants as well because the platform distributes a set of 65,000 Lunr each day. So you get based on your share of interactions against all the activities by all the users.
You can check on LunrCrush here to know more about how it works.
6. Earn Free Crypto With Faucets
Another excellent way to earn free crypto is to use crypto faucets.
These faucets give you tasks that are easy and can be quickly completed. These tasks do not require a high skill set and tend to be monotonous.
The tasks are generally viewing ads, watching videos, completing CAPTCHAs, participating in quizzes, and more. The amount of crypto you will earn depends on the provider and the specific task.
Most providers put a threshold on when you can make a withdrawal. And there may also be a set time limit to collect the rewards which makes using the crypto faucets a challenging method to utilize over the longer term.
And be aware of scammy sites. So, do your own good research before you actually register for any crypto faucet.
7. Earn Free Crypto By Investing – Buying, Selling, And Storing
The simplest way to make money with Bitcoin is to invest in it.
Even though Crypto assets are extremely volatile, they have tremendous long-term potential for growth and are generally well suited for a buy-and-hold strategy.
In order to invest, you need to identify more stable crypto assets that will be around for a long time. Assets like Bitcoin and Ethereum are known to show a long-term price increase and are safer for investment.
Bitcoins can be easily transferred from one digital wallet to another, using only a smartphone. You can use them in the following ways:
- To make any purchase.
- To exchange them for cash.
- For trading.
The cryptocurrencies once bought, can be stored in digital wallets. Digital wallets – hot or cold. A hot digital wallet means it is connected to the internet making it easier to make any transaction but also vulnerable to thieves and frauds a cold digital wallet is harder to transact but safer and is not connected to the internet.
8. Earn Free Crypto By Trading
The crypto market is volatile and trading is meant for taking advantage of short-term opportunities because the prices of the crypto assets can increase or decrease in price drastically within the short term.
When trading, you can either take a long or short position that depends on whether you expect the price of an asset to rise or fall. You can make a profit regardless of whether the crypto market is bearish or bullish.
In order for you to become a successful trader, you need to have the proper analytical and also technical skills. Being able to analyze market charts on the performance of the listed assets to be able to make accurate predictions about price increases and decreases is something you need to learn.
eToro is one of the world’s leading trading platforms and one of the best places to earn crypto through trading.
eToro is also regulated by the FCA, CySEC, ASIC, FinCEN, and FINRA, ensuring a safe and secure trading environment.
If you’re looking to earn crypto passively, you can do so by creating an eToro account and using the platform’s ‘CopyTrader’ feature.
This feature is ideal for social trading cryptocurrency, as it allows you to copy the trades placed by other eToro users automatically.
eToro’s fee structure for crypto trading is a flat 1% fee per trade (plus the spread). Although you’ll need to employ a minimum of $200 when using the CopyTrader feature, the minimum position size is only $1 – allowing you to tailor your risk level to suit your needs.
eToro also offers a ‘Smart Portfolios’ feature, allowing you to invest in professionally managed funds with no management fees.
9. Earn Free Crypto With NFTs
Tamadoge (TAMA) is running a massive giveaway for holders after its beta sale sold out, raising $2 million in rapid time.
Tamadoge is one of the most exciting meme coins on the market, offering not only the potential for massive returns but the real utility to holders through NFT ownership and a fun play-to-earn game.
TAMA holders can mint NFT Pets that they look after and care for, growing them until they are big enough to battle other players for points on a global leaderboard that later become prizes.
10. Earn Free Crypto With Crypto Airdrops
Crypto Airdrops refer to the process of distributing crypto for free to people who are interested in a specific project to create awareness and any exchange might do an airdrop to create a large user base for a project.
If you hold crypto coins on the original chain, being part of an airdrop can get you a free coin for being in the right place at the right time. These free tokens can be used to buy, trade, or invest.
Right now, Tamadoge (TAMA) is running a massive giveaway for holders after its beta sale sold out, raising $2 million in rapid time.
11. Earn Free Crypto With Crypto Staking and Lending
Staking is a way of helping validate new blocks of crypto transactions on specific blockchain networks.
f you are staking, you own coins but you don’t spend them but lock your coins in a cryptocurrency wallet.
These coins are then used to validate transactions by a Proof of Stake network to maintain security and verify transactions and in return, the network gives you rewards for using your crypto coins.
The Proof of Stake algorithm chooses transaction validators based on the number of coins you have committed to stake.
Staking does not require you to own expensive hardware and is much more energy-efficient than crypto mining.
If you currently own Bitcoin, you can earn interest by lending it.
Decentralized finance (DeFi) refers to the ecosystem of financial applications built using blockchain technology.
DeFi lending is very popular and it involves giving your cryptocurrency to a specific protocol, which will then lend it out to other parties.
In other words, you are lending your crypto coins to other investors and in return generate interest from the coins.
One of the main benefits of DeFi lending is that the arrangements are collateralized. That means the person who borrows your crypto has to put up collateral (also in the form of crypto) that has a higher value than the loan itself.
12. Earn Free Crypto By Using Crypto Credit Card
A crypto credit card works similarly to traditional credit cards, except you get cash-back rewards in cryptocurrencies instead of money.
For example, eToro provides credit card services that traders can use to pay for goods in cryptocurrencies.
The merchant you are buying from doesn’t even have to accept crypto purchases – the platform handles all the work regarding the exchange process and the merchant will receive the payment in fiat money.
Like a traditional credit card with reward points, the more you spend with your crypto credit card, the higher the cash-back rewards.
Conclusion on Earning Free Crypto Currency
Earning free cryptocurrency may not be as difficult as you might apprehend.
One of the easiest ways to earn crypto for free is to use a crypto browser like Brave or Presearch.
You will earn points by just using the browser to surf the net!
Another best way is to play those crypto games we mentioned above. They allow you to earn free crypto in your spare time.
FAQs On Earning Free Cryptocurrencies
How Long Does It Take to Mine One Bitcoin?
It takes about 10 minutes to mine a block, and a block will award a number of coins to whoever mines it. Due to the huge number of people mining coins, solo miners are a rarity because the odds of being the one to discover a block are very low. The actual rate will vary depending on a multitude of factors such as hash rate, the system you are using, etc.
Can You Mine Bitcoin for Free?
Yes, you can mine bitcoin for free with the software.
However, the hardware and electricity costs can cost you between hundred dollars to $10,000.
You can join a mining pool that harnesses the computational power of hardware owned by multiple miners. The disadvantage is that each miner receives only a small portion of each mined bitcoin.
The information provided in this article is solely the author’s opinion provided for educational purposes only. Do your own research and reach out to financial advisors before making any investment decisions.
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