How to Get Free Crypto like Bitcoin in 2022
Let’s face it, everyone likes a freebie, especially when it comes to free digital assets that are so valuable nowadays. If you want to earn cryptocurrency like Bitcoin for free, you are in the right place.
This article comprehensively examines several avenues that can get you closer to crypto adoption. We are going to do a little overview of the different techniques to earn free crypto, covering some of the best platforms that are giving out free cryptocurrency as well as share other effective methods that will cost you nothing.
Popular ways to earn free crypto
Mining is an operation that allows to create and verify new cryptocurrency units. It is performed using decentralized networks of sophisticated hardware that tests an enormous number of combinations, trying to solve a complex computational math calculation. The first miner that figures out the solution receives the next block of bitcoins, collects a commission, and starts over the process.
Miners are regularly rewarded with new tokens. According to Soocial, Bitcoin miners made USD 15.3 billion in 2021. Due to the competition, this method has become more complex and is now carried out by gigantic server farms, not individual miners.
The next way to earn some tokens is crypto staking. It is the process of locking crypto assets in the wallet that signifies your validation of a particular blockchain network.
Staking involves the cryptocurrencies that use the proof-of-stake (PoS) model to process payments. This is a more energy-efficient alternative to the original proof-of-work (PoW) model, on which mining is based. In return for aiding in the validation process, those who stake their coins earn interest on crypto.
One of the best crypto staking platforms to partner with is MyCointainer. The platform offers exclusive bonuses and over 50.00% fees back just for delegating to their nodes.
If mining or staking seem too daunting and risky, you can easily use a crypto faucet to earn small amounts of cryptocurrency. Crypto faucets are apps and websites that ask you to perform simple tasks and reward you for this.
The assignments range from watching ads or videos and playing some mundane games, or solving quizzes and completing CAPTCHA tasks. You will not make a fortune with it.
But, even in this case, this method is very appealing, as you can do faucets from wherever and whenever you are available. It is called faucets because the rewards remind users of small drops of water dribbling out of a faucet.
You can also participate in crypto airdrops. In other words, it is a distribution of tokens for free. If a crypto company wants to promote its project before a launch to the masses, it can resort to airdrops.
Individuals who are interested in a blockchain-based startup win money in return for promotional activities. These often include:
- retweeting tweets
- sharing posts on social media
- participating in Discord discussions
- signing up for newsletters
The aim of the airdropping initiative is to spread the words about the cryptocurrency project and to get more potential users and holders trading in it when it is listed on the exchange market.
You can acquire different coins through Decentralized Finance lending (DeFi lending for short). Investors can lend digital currencies to borrowers in exchange for interest or dividend payments.
Borrowers deposit an asset into a centralized service, which is greater in value than the borrowed funds. It is done to make sure that borrowers are capable of paying it back.
DeFi lending is a win-win for token holders as well as those who acquire them. The first ones generate passive income, while the latter obtain a loan more hassle-free and in a less conventional bureaucratic manner.
One of the best ways to earn crypto hassle-free is to participate in educational courses. The ‘Learn and Earn’ method prompts users to learn more about how crypto works at a technical level and what the future holds in store for different cryptocurrencies.
Coinbase offers its community to earn crypto while earning. The educational programs usually go like this - you watch an educational tutorial complete certain assignments such as a simple quiz, and as a reward you get free cryptos upon the completion. What an incredible way to kill two birds with one stone!
What platforms are giving out free crypto coins?
Now that you are informed about the most common ways that facilitate free crypto earning, let’s have a more precise look at the crypto trading platforms and what they have to offer.
Gemini offers a solid user-friendly cryptocurrency exchange experience for both newbies and experienced traders.
Its simple interface makes new crypto investors feel much more confident during the trading activities, while more active users take advantage of its ActiveTrader platform.
You can open a Gemini account and receive up to 8.05% APY on your cryptocurrency holdings. Moreover, you can make $10 (or 10 USD equivalent of your domestic currency) worth of bitcoin for a simple referral.
It supports over 50 different coins and has an edge in withdrawal fees. However, these amazing offers come with slightly high fees. There are some other crypto exchanges that are way more cost-effective.
Thus, Gemini is seen as a more attractive option for those who are not new to the cryptocurrency trading world.
Crypto.com is a great platform for earning market leading yield on your assets. It offers a range of 40+ cryptocurrencies and stablecoins.
What about earnings? Crypto.com rewards users with free crypto cashback when they purchase from Expedia and Airbnb. The platform even lets users receive a credit for 100% cash back on the Spotify and Netflix subscriptions.
Furthermore, you can seize the opportunity to earn interest on your BTC holdings at an annual rate between 2% to 8.5%.
In overall, it is good for the crypto beginners and professionals alike that strive to increase their portfolio and want to earn some passive income.
MyCointainer gives its focus on providing newcomers with the most comprehensible infrastructure for earning and top-notch customer experience.
The main feature, which we noted above, is the proof-of-stake technology. But on top of being a staking platform, it offers the exchange of coins using fiat money or bitcoin without hidden fees or commissions.
Also, MyCointainer has its own browser extension that allows users to collect money from online purchases in a preferred currency. Earnback is an incredible opportunity to shop from your favorite online stores and enjoy saved crypto.
Out of every reward 100% goes to you. Just a perfect platform to get you started.
To wrap up
Money doesn’t grow on trees. However, you can free crypto coins executing simple tasks or investing in a wallet. Rigorously review all the methods and platforms and see which one stole your heart the most. Good luck!