Who doesn’t enjoy receiving freebies? However, individuals who are interested in cryptocurrencies can get their hands on some freebies as well. There are a number of services that offer free cryptocurrencies to users, and all it takes is a little bit of initiative to get started. You may get more than you bargained for because of crypto’s volatility. There may also be cash or NFTs that may be exchanged for crypto on some sites.
Crypto credit cards
If you currently have a standard credit card that gives you cash back, switching to a crypto rewards card can be a simple process. Bitcoin and other popular altcoins may be offered as rewards for purchases on these credit cards In addition, there may be further spending bonuses available.
Credit cards issued by BlockFi and Gemini are among the most popular ones available. These cards have the same limitations as conventional credit cards. It’s a bad idea to spend a lot of money for a modest reward.
An old internet game with an updated twist: Take a survey and you’ll get some money. However, this time, the currency in question is a form of digital currency known as cryptocurrency. And you can now do it on several websites.
Freecash is a contender in this category, as it provides daily surveys, games, and other paid offerings. You have the option of receiving your payouts in cryptocurrencies, cash, or even gift cards. You can still earn free bitcoin even if the site has a lot of “bells and whistles.”
Get cash from a brokerage
Traditional brokerages occasionally offer promotions. These bonuses are paid in dollars but can be converted to bitcoin on the platform. Is this article’s premise too far-fetched? Maybe, but you’ll still have crypto.
eToro is a crypto exchange in the U.S. but a standard broker elsewhere. If your friend signs up and deposits, you both get a referral bonus. Traditional crypto brokers like TradeStation may also run promotions. Then buy crypto using cash.
Participate in an airdrop
To get the word out about their new cryptocurrency and pique people’s curiosity, the creators may decide to give away some of their coins via an airdrop. Following a cryptocurrency project on social media, keeping tabs on its progress on Discord, or providing some other form of support may be necessary if you want to get fresh coins.
It’s worth noting, though, that many airdrops are scams that provide coins that are worthless even if they do deliver them. Because you will owe little or no taxes as a result of your worthlessness, it’s wonderful for your tax situation. But your financial situation will suffer as a result.
Crypto savings account
Want to earn cryptocurrency interest easily? A crypto savings account lets you earn interest on your holdings while they rise. Initial interest rates can be better than regular bank accounts.
BlockFi offers a tiered-rate savings account. More deposits mean a lower interest rate. Bitcoin and Ethereum may give a few percent yearly return, but stablecoins may offer several percent more, making them a more attractive location to hold your money.
Lend crypto to borrowers and earn interest. You can earn money through peer-to-peer lending using digital currency and decentralized apps.
Regardless of the platform or currency you employ, be sure the borrower can return the loan. Funding multiple smaller loans or funding them with other lenders may help reduce risk. If you take this route, use a reputable platform.
NFTs are digital assets or artworks that have grown popular recently. NFTs aren’t technically cryptocurrency, but they’re easy to trade. How to acquire free NFTs? Even those have giveaways.
You have a few options for NFTs. Many new crypto projects provide NFTs as “welcome bonuses” to top backers. Follow a new crypto’s Discord channel to be eligible for an invite bonus pool.
You can also search Twitter for NFT giveaways for retweeting and promoting the initiative. Retweets can win NFTs. NFT handouts might cause tax complications, so beware.
Learn and earn
If you want to learn about cryptocurrency and make a small bit of it at the same time, there are a few places you may visit. If you want to get the bonus, you’ll probably have to put in some time watching videos and passing a little test.
In addition to Coinbase Earn, other sites like CoinMarketCap.com give the chance to earn free prizes by learning about cryptocurrency. These “learn and earn” promotions, however, may not necessarily deliver the cryptocurrencies you’re looking for, so be careful.
Sign up with an exchange
If you become a client of a crypto exchange, you’ll receive a small amount of cryptocurrency (just as brokerages will give you cash if you sign up as a client.) You may want to choose the greatest option available, but it may be worth your effort to get them all. Even though you’ll have to put up some money, this is one of the safest ways to get some free coins.
Watch out for any new promotions or time-sensitive bonuses that may be offered by rival exchanges in the future.
Staking your crypto can help you make a steady income, which is helpful if you’re a long-term investor or looking to stack coins. Speculative coins have higher rewards.
Some cryptocurrencies validate and administer their decentralized system using “proof-of-stake.” Owners of digital currency can become validators and earn cash by staking their coins. You’ll help the infrastructure, keep your coin, and earn money.
Always Stay Alert for Scams
Fraudsters prey on those new to the bitcoin space. Stories about cryptocurrency scams have been around for years. In the realm of freebies, the situation may be much direr. People who are seeking a chance to win the next great thing tend to be easy targets for scammers.
As a result, if you’re seeking free cryptocurrencies, it pays to be cautious. Cryptocurrency schemes, like airdrops and ICOs, have a high risk of being scams. Any marketing that asks for your login credentials or private keys to a crypto wallet should be avoided. When it comes to initial coin offerings (ICOs), legitimate coins may be traded for a coin of questionable worth.
When it comes to freebies, if they sound too good to be true, they probably are.
From the typical suspects at brokerages and exchanges that give freebies to the strange, such as airdrop and surveys, there are many ways to acquire free cryptocurrency. Be careful to only engage with trusted partners when exploring your free choices; otherwise, someone else could end up with your cryptocurrency for nothing.
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