Learn how to earn free cryptocurrency with these seven methods, including faucets, bug bounties, and more.
Due to the popularity of cryptocurrency, many individuals are looking for a way to purchase free cryptocurrency. Here are seven ways you can earn cryptocurrency without having to invest your own money, including crypto faucets, airdrops, staking, bug bounties, and more.
There are some common risks to keep in mind when acquiring crypto for free, including security risks, fraud and forgery, limited earning potential, time-consuming activities, and legal or tax implications the possible consequences. It’s important to do your research and be careful with these methods.
Pumps
Crypto faucets are websites or apps that give users small amounts of cryptocurrency in exchange for doing things like completing CAPTCHA puzzles or watching ads. One example is Moon Litecoin, which offers free Litecoin
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$82.03 worth
for users performing tasks, such as streaming videos. Rewards from Moon Litecoin are deposited into users’ micro wallet on Coinpot.co.
Unfortunately, there are many scam crypto faucets that promise huge rewards but never pay out. Some may require you to pay a fee or complete certain services before withdrawing the earnings, while others will simply disappear without warning. So it’s important to approach crypto faucets with caution and do your research before using them.
Airlines
Flight is a free distribution of cryptocurrency tokens or coins. Businesses and services award a certain number of points to people who register on their platform, perform certain actions or fulfill certain requirements.
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Staking involves holding a certain number of cryptocurrency tokens in a wallet or exchange to help protect the network and earn rewards. One can include cryptocurrencies like Cardano
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$0.344 amount
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$6.46
and Ether
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1786 dollars
to earn fixed rewards.
Gambling, however, involves investing money for a period of time that may not be available or available for sale. So make sure you understand the potential risks and benefits before you start making a decision.
Related: Staking DeFi: A Beginner’s Guide to Proof-of-Stake (PoS) Coins
Referral procedures
For consumers who refer friends and family, many cryptocurrency exchanges and wallets offer referral programs that pay bonuses. They can offer free cryptocurrency or a portion of the user’s transaction commission as a bonus.
After conducting research
Some websites and apps allow users to earn cryptocurrency rewards by taking surveys or participating in market research. Sites like Swagbucks offer crypto rewards for completing tasks, such as watching videos, answering surveys and playing games. However, caution should be exercised when carrying out any activity on such sites.
Related: 7 Ways Women Can Earn Passive Money Through Cryptocurrency
Rewards for mistakes
Cryptocurrency projects and exchanges often offer bug bounties to encourage developers and security researchers to identify and report vulnerabilities in their software. These rewards can be in the form of cryptocurrency rewards and can range from a few hundred dollars to tens of thousands of dollars, depending on the severity of the infection.
Marketing competitions
Depending on their trading volume or performance, customers can compete against each other to win prizes on certain marketplaces that offer trading contests. While there can be fierce competition, there can also be huge profits, with some exchanges offering thousands of dollars in cryptocurrency prizes.
