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Cryptocurrency For Free: Is It Possible?

How would you like to earn Bitcoin, Ethereum, or Ripple for free?

Yes, you read that right, and it’s not a scam; you can get cryptocurrency for free. But before we go into the details, make sure that you have the following:

A working email address. You can use a throwaway or anonymous email for this if you like. Just make sure that you have access to it.

A crypto wallet. Wallets are split into two categories: hot wallets and cold wallets. Hot wallets are usually web-based platforms or apps that allow you to send/receive cryptos. A cold wallet is usually an external hard disk or pen drive.

  1. Sign up for Airdrops

Airdrops first originated as a form of guerilla marketing to create awareness and generate hype for new cryptocurrencies. Tokens would be deposited directly into the wallets of individuals who participated in airdrops, thus allowing them to make use of a new coin.

While cryptocurrencies have since exploded into popularity, airdrops remain a popular method of marketing new coins. Other airdrops deposit more mainstream cryptos like BNB or XRP right into your wallet.

Because of this, crypto enthusiasts still use airdrops to collect free cryptocurrencies. However, do remember that some airdrops may give you entirely worthless coins. So, always keep an eye on what types of tokens you’ll be getting from an airdrop.

Next on our list, we have exchange bonuses that pay you in cryptocurrencies when you sign up for a new exchange account.

Given how competitive the crypto market is, exchanges are usually eager to sign on new customers. So to attract new customers, sign-up bonuses are often paid out.

Thus, making this a great way to collect free crypto as these sites often pay out mainstream cryptos such as BNB and BTC. Keep to reputable crypto exchanges and avoid sketchier sites that payout worthless cryptos as a rule of thumb.

  1. Referral bonuses

Suppose you’ve got an extensive network of friends and family into crypto. In that case, you can always take advantage of the generous referral programs some exchanges and crypto wallet sites may have.

Referral bonuses are commissions that you receive for every new client you bring in. And often, these bonuses are paid out in the form of cryptos which makes this a great source of free crypto.

As an added plus, referral programs also pay an additional reward for trades made by friends and family, meaning that you can even have a source of passive income.

So, what are you waiting for? Start referring to your friends and family today.

  1. Use crypto faucets

Crypto faucets are one of the most straightforward ways to get free cryptocurrencies. Faucets are websites that pay out small amounts of cryptocurrencies to visitors. Some faucets pay cryptos hourly or daily, while others require you to solve captchas, complete surveys, watch videos, or even play games.

While you won’t become a crypto millionaire by farming faucets, most faucets payout mainstream tokens like BTC, ETH, and XRP.

  1. Deposit your funds in a crypto savings account

Once you’ve collected enough cryptocurrencies for free, it’s time to put them to work for you by using a crypto savings account. These accounts are similar to those found in banks. The difference here is that interest is paid in cryptocurrency.

But keep in mind that the law does not protect crypto savings accounts. So, only deposit what you’re prepared to lose.

Note: this isn’t exactly a way to earn crypto for free; instead, it’s a way of letting your cryptos work for you.

As can be seen, free cryptos are not a pipe dream but are very real. Tezro has a very complete article about this topic, so make sure to check it out as well:

Nevertheless, like with all cryptos, always practice good security hygiene and stay within your limits.


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