Do you know cryptocurrency is one of the most profitable rewards you can collect online? However, there are ways that can get you even free cryptocurrency. Already interested? Check out my list to learn how it works.
If there’s anything better than free money, it’s free money that keeps increasing in value as time passes. That’s why it’s no surprise that both established cryptocurrency miners and newbies in the market want to know how to get free cryptocurrency.
Typically, you have to buy the bitcoin you want to collect and store it into an e-wallet to generate a passive income over time. However, there are a few ways you can get free coins without investing any money or putting in any extra effort.
Without further ado, here’s my list of epic ways to get free cryptocurrency and make money from home.
Get Free Cryptocurrency from Honeygain
If you’re looking to earn passive income to buy bitcoins online, it doesn’t get any more passive than Honeygain. It works just like a typical online rewards site. All you have to do is sign-up for free and start earning.
But, unlike other platforms, there are no tasks or activities to complete on this platform. Instead, you earn money by letting them use data from your device.
It works like this; the app uses your data network to run queries and web searches for their clients. The more data they use, the more money you can earn. Honeygain transfers credits into your account as soon as you share at least 10 MBs with them.
Depending on the quality and speed of your data connection, you’ll get approximately $1-$5 worth of credits every day. Mind you, Honeygain keeps 2% of all your earnings as its own commission.
Besides that, the only way to receive your earnings on Honeygain is through PayPal credit or Bitcoin withdrawal. You can further use your PayPal credit to buy cryptocurrency without losing any money to hidden charges or service fees.
Believe it or not, this means you can get all the bitcoin and cryptocurrency you want by simply sharing your extra network data.
Join Coinbase for Free Cryptocurrency Mining
If you’re already registered as a cryptocurrency trader on Coinbase, you can earn free cryptocurrency by educating yourself further using the Coinbase Earn program.
This section of the platform mainly offers educational resources regarding topics like Basic Attention Tokens, Zcash, and EOS, among others. These resources include articles, courses, and videos.
To earn free money, you’ll have to watch these videos and go through these available resources.
After that, you can easily answer their test quizzes to get free cryptocurrency. Remember, the site only pays you for the correct answers you provide, so make sure you watch those videos mindfully.
Furthermore, since Coinbase is a legit cryptocurrency trading platform, you’ll have to give in all your personal details when you sign up. So if you’re looking for anonymity, this is not the platform for you.
Moreover, you can earn more free money by referring the Coinbase Earn program to your friends and family.
The best part about Coinbase is that it deals with multiple cryptocurrencies, including Bitcoin and Fiat.
However, if you buy their stable coin, USDC, you can even earn interest while earning on the platform for free.
If you want to join, sign up to get $10 worth of bitcoin completely free.
Earn Free Bitcoin Taking Surveys
Online reward sites and survey sites are the most accessible ways to make some extra cash online. But, how to earn cryptocurrency online free by signing up for survey sites?
Some microtask sites offer free cryptocurrency for conducting certain activities on their platforms. However, you’ll find that most survey sites provide their payments through PayPal.
What we love about PayPal payments is that they’re versatile. You can easily exchange your PayPal credit for Bitcoin without paying any conversion fee.
Meaning, if Bitcoin is your go-to cryptocurrency, you can make free money through almost all popular survey sites.
Here’s my list of survey and micro-task platforms that allow payment in cryptocurrency or PayPal.
If you’re interested in contributing to online market research while creating a steady income stream for yourself, Survey Junkie is the ultimate choice for you.
It is a dedicated survey site where you can make around $1-$3 by taking short surveys. Most of their surveys take about 10-15 minutes to complete, so you can use the small pockets of time you have to earn free cryptocurrency.
The sign-up process is free, so no initial investment or specific skill set is required to join the platform. When you become a member, the site will recommend relevant surveys to you, so you won’t be screened out of any surveys when you’re halfway through.
You can redeem your rewards through PayPal when your earnings reach around $10. After that, you can easily exchange the free PayPal credit for bitcoin.
InboxDollars is one of the most accessible platforms when it comes to micro-tasking for free money. Here, you can take surveys, watch videos, and play games to earn exciting rewards.
What we love about InboxDollars is that it denotes your earnings in dollars rather than points. This way, you won’t get confused while converting your earnings every time you want to redeem your rewards.
Besides that, the site offers multiple redemption options as it partners with lots of brands and retailers. However, if you’re looking for free cryptocurrency, the best way is to redeem your rewards through PayPal and exchange them for free bitcoin.
You can earn around $1-$5 for each survey and even get a sign-up bonus of $5. If you regularly use the platform, it will take you no time to reach the minimum payout threshold and get your free cryptocurrency.
You can find lots of opportunities to get free cryptocurrency on Swagbucks as well. The site is available in lots of countries worldwide, so anyone who has a PayPal account can easily earn rewards and buy free cryptocurrency.
Apart from surveys, the site lets you earn by watching videos, playing games, and reviewing products. You can also make money by participating in sweepstakes and giveaways and conducting web searches through the platform.
Swagbucks offers prompt PayPal payouts, so you can use the money to get free cryptocurrency and lots of gift cards from other popular brands.
StormX is a mobile app where you can earn in the same way as online reward sites. However, with this platform, you can get free crypto directly without transferring PayPal credit.
The site lets you take surveys, download new apps, and take up some subscriptions in exchange for Bolt token rewards. You can use these tokens to get their native StromX currency, Ether or Bitcoin.
This online micro-task site is ideal for people who want to get free cryptocurrency besides Bitcoin. On the downside, while PayPal credit can be exchanged for Bitcoin without any conversion charges, it’s not the same for Bolt tokens.
Here, you’ll have to pay a variable conversion rate when you exchange your tokens. The charges vary according to the cryptocurrency you choose.
Kucoin Play is an online marketplace for all types of cryptocurrencies. It offers profitable deals to both buyers and sellers. In addition, it lets users complete social tasks like writing reviews about their sponsored products or sharing content.
You can convert the rewards you earn on Kucoin for free cryptocurrency when you conduct a deal through the platform.
Other Ways to Get Free Cryptocurrency
If you’re wondering how to get free cryptocurrency without signing-up for survey sites or online platforms, there are many other ways to get free coins as well. But, most of these ways involve using the Bitcoins or crypto you already have.
An easy way to kickstart your Bitcoin savings by using the methods mentioned above and then follow the techniques I will list below to continue earning free cryptocurrency.
This is perhaps the easiest way to earn free cryptocurrency if you already have some savings in a digital wallet.
Staking your bitcoins is pretty simple once you get the concept. It works in the same way as certificates of deposit in banks. Here, you pledge to keep your cash in your account and refrain from withdrawing it for a specified period.
Now, the bank can use your money as it likes for loans and funding. You, in turn, will earn a profit on the money you hold in your account.
Similarly, you can keep your cryptocurrency as Proof of Stake. All you have to do is join a reputed cryptocurrency marketplace and prove the existence of your coins. Once you do that, you can start earning more coins as you would with a certificate of deposit.
It gets better. Staking your bitcoin is more profitable than getting a CD for the cash in your bank account. That’s because cryptocurrency is more speculative and prone to changes.
You can earn anywhere from 6% to 20% of your stakes annually, depending on the currency you stake.
The trick is to use a conventional currency to maximize your profit rates. Besides that, use a legit staking calculator when choosing the right platform to stake your currency.
While you cannot use the staking method to get free bitcoins if you’re a beginner, you can get more bitcoins for free if you already have some in your digital wallet.
Get Free Cryptocurrency From Online Wallet Airdrops
You never know when you can get lucky. That’s why, when investing in cryptocurrency, you should consider creating multiple digital wallets in case there’s an airdrop in any of your holdings.
In crypto terms, an airdrop is when some blockchain platforms distribute free coins to their users. When an airdrop occurs, and you have an e-wallet affiliated with the blockchain platform, you can get free cryptocurrency without doing anything.
For example, when the popular blockchain platform Ethereum launched its ERC-20 token, they airdropped the token to everyone who had an Ethereum wallet.
Similarly, when Bitcoin Cash separated from the Bitcoin blockchain, everyone with eligible digital wallets received around 1:1 of the Bitcoin they owned in Bitcoin Cash.
However, most of the time, airdrops come with their own terms and conditions. Sometimes they require a specific amount of balance in your e-wallet to become eligible for the airdrop.
It’s not possible to avail all airdrops that occur simply because you cannot create digital wallets with everyone from the hundreds of existing blockchains.
However, you can explore the list of popular blockchains and evaluate each one to see which one is likely to have frequent airdrops.
Free Cryptocurrency From Blockchain Forks
This is perhaps the most complicated method to understand if you’re a beginner in the market. But, it is one of the easiest ways to get free money practically, mainly because you don’t have to do a thing.
Let me explain it to you. You see, a fork represents a separation of a group from an established blockchain, usually due to a difference in protocol or opinions.
This occurs when the currency founders don’t agree upon how the currency should operate in the future. Consequently, the blockchain might introduce a fork to repair a hack or solve their own internal differences.
For example, Bitcoin Cash is a hard fork from the Bitcoin blockchain. Similarly, Bitcoin SV is a further hard fork from Bitcoin Cash. While all three sound like the same thing, actually, they are entirely different crypto networks.
Now, let’s say you owned a fair amount of Bitcoin before the hard fork in August 2017. In this situation, you will have both Bitcoin Cash and Bitcoin in your digital wallet, even when you didn’t buy any extra Bitcoin.
This means you get free cryptocurrency from the new chain, similar to the amount you already have before the fork. So, you now have double the coins you originally had.
However, you cannot consider this an efficient way to earn free crypto, as you can never predict when a hard fork will happen.
Still, it’s good to invest in multiple cryptocurrencies and keep your holdings in various digitals wallets to increase your chances of availing benefits from a hard fork.
Get Free Cryptocurrency From Popular Crypto Faucets
Crypto faucets work in the same way as online reward sites. Only, the later ones have multiple options to redeem rewards from the tasks you complete, while crypto faucets only give small amounts of the currency in return.
You can complete small tasks, including watching ads, playing games, and writing reviews. Although, most of the time, the crypto rewards are relatively insignificant compared to the time you spend completing the tasks.
Still, if you usually scroll across your mobile screen all day for nothing, these faucets might be great options for you to make some passive income.
Here’s a list of some popular free cryptocurrency faucets I came across that pay in Bitcoin and other cryptocurrencies.
Founded back in 2013, FreeBitco is one of the most popular faucets for Bitcoin.
On this platform, you can earn by playing games and watching ads. You can also create your personal wallet on the forum and use your savings to participate in sweepstakes or maximize your earnings by gambling.
FaucetHub is another site that offers lots of ways to earn free cryptocurrency. You can play games, watch ads, and participate in giveaways to get free coins.
Apart from Bitcoin, you can earn other currencies on this website as well. Popular options include ETH and Dogecoin. You can also create your own FaucetHub account to store your coins for future use.
Moon Bitcoin is one of the easiest Bitcoin faucets to use.
It takes no time to sign-up for free, and after you become a member, you can indulge in multiple activities to earn free Bitcoin. The site boasts that its users make hundreds of Satoshis every five minutes.
Get Sign-Up Bonus on Celsius Network
If you have more than $1000 worth of cryptocurrency in your digital wallet, you should consider creating a Celsius Network wallet. That’s because the platform offers a bonus of $10 worth of cryptocurrency when you sign-up.
Similarly, if you hold your deposit in your Celsius wallet, you’ll be entitled to another $10 bonus of free Bitcoin. Also, the platform offers excellent interest rates if you stake your coins in their native currency.
Loan Your Coins to BlockFi
Another way to earn free cryptocurrency if you already have some coins you don’t use is by loaning them to BlockFi. The platform has profitable interest rates, through which you can earn around 8% percent monthly.
You can loan out any currency you have, including Bitcoin, Ether, or even USD. Also, BlockFi offers a high withdrawal limit of 100 Bitcoins every week and has a user-friendly interface.
That concludes my list of epic ways you can use to get free cryptocurrency. Some of the options I mentioned will help beginners start their crypto stash from nothing, while some will help established crypto dealers increase their holdings.
Either way, if you’re planning to get free cryptocurrency online, make sure you only avail offers from reputed blockchain companies or online reward platforms.
Conduct complete due diligence before investing your money or time into a platform to avoid falling into a scam. Also, check aspects such as currency modes and payment methods to see if the site fits your needs before you sign-up.