As cryptocurrency continues to gain popularity, all of us want to accumulate as much crypto as possible to any means necessary. Whether you buy more, you earn more or just anything you do because we all know crypto will be worth a lot more in the future.
But the thing is we’re all lazy and want the fastest and easiest way to get more crypto without sacrificing our time or money. In this article, we will explore some solid methods that allow you earn free #crypto with minimal effort and without getting scammed. Yep! Obviously without getting scammed.
But before we get into it, we are professional traders & market analysts, educating people about #cryptocurrency defi and how you can become rich with it. So if you guys do want to become rich. Do us a favour and smash that like button, follow if you guys haven’t already, So you don’t miss out on any future articles & exclusive trades.
Here Are Top 7 Ways You Can Earn Free Crypto:
The first way is through Airdrops. Airdrops are a great way to earn free crypto without much work. Projects use airdrops to generate hype and interest around their product/launch. You can participate in these airdrops by simply connecting your wallet to the project's dapp, blockchain, or by making a few transactions. Some projects might only require you to follow their social media handles. Each project has its own set of rules for participation.
Let's take a look at a couple of successful airdrop examples. One notable airdrop was conducted by Uniswap. They airdropped 400 UNI tokens to anyone who made a transaction using their swap. Many users, including myself, were surprised when they received 400 UNI tokens directly airdropped into our wallets. At UNI token’s All time high, the value of these tokens reached a staggering $16,000.
Another example is the Arbitrum airdrop. Some individuals were able to acquire a significant amount of ARB tokens, which literally changed their lives.
To earn free crypto through airdrops, it's essential to stay informed about upcoming opportunities. Websites like airdrops.io, airdropbob.com, and airdropalert.com provide comprehensive information on upcoming airdrops, including the specific actions you need to take to participate. I would say airdrops are a decent way to earn free crypto and if you do your research correctly, you can legit make a full time income.
Now, If you want us to cover an in-depth article on this and how you can actually scale it to make thousand of dollars and also know the next big airdrops we are farming. Comment "Airdrop" below this article👇
Next up we have faucets: Similar to airdrops, faucets reward users for completing minor tasks, such as answering questions, clicking links, or solving captchas. Projects and platforms use faucets as a means to increase awareness, promote their brand, and attract users to their ecosystem. By providing free tokens, they incentivize individuals to participate and explore their offerings.
When I first started in the crypto space, there were numerous #BTC faucets available. These faucets would reward users for completing simple tasks like answering questions, or sharing content. Although Bitcoin faucets may not be as prevalent today, the concept still exists for other cryptocurrencies.
Some platforms offer faucet-like features where users can earn tokens by completing captchas or other simple actions. While participating in faucets can provide a small income, it is unlikely to make you rich. Nevertheless, earning something is always better than nothing. Faucets offer individuals an opportunity to explore the crypto space, learn about different cryptocurrencies, and gain a better understanding of how blockchain technology works.
If you're interested in exploring faucets, you can find various options by conducting a simple Google search for "top faucets" or by specifying a particular cryptocurrency followed by "faucet." This will provide you with a list of websites or platforms where you can participate in faucets and earn tokens. However, always exercise caution and research the legitimacy of the platform before engaging with it.
Next is #Binance Learn & Earn: This is probably one of my favourite ways to earn free crypto. It's a straightforward process where you watch videos that delve into specific coins, covering topics such as how it started, it’s utility, just a whole bunch of information on the coin. After each video, you answer a question and, if correct, you receive rewards in that particular coin.
While Binance is the largest platform offering this opportunity, there are numerous other similar platforms available. The great thing about Binance is that they constantly add new lessons, and since I've been participating from the beginning, I've earned around $200 so far.
Coming on fourth is lending money to exchanges. This is basically you lend your crypto to centralized exchanges for an annual return of 5-9%. But, After what happened in the past couple of months with blockfi and FTX, I highly suggest you guys not do this because the exchanges basically have control over your crypto assets, and there’s chance of potential theft or loss.
There are plenty of alternative options out there that mitigate this risk, and I strongly recommend exploring them rather than lending your assets to a centralized exchange.
Now, if you're interested in this and have the money to invest, I suggest considering decentralized exchanges. These exchanges operate in a similar manner to centralized exchanges but with a crucial distinction—they are fully decentralized, meaning they are not owned by any single entity. This eliminates the risk of your funds being stolen or misused. Personally, I find this the best approach. Of course, there are always risks involved, but the potential returns can be quite substantial, ranging from 10-50% and even reaching up to 100%. This is also known as yield farming/DeFi lending.
Next is locking up your crypto coins and earning rewards, pretty much what you’re doing when staking your coins. You are basically helping the blockchain of that crypto grow and make improvements. There are tons of coins out there that you can stake if you want. I’m assuming, if you’re reading this article, you guys do own some crypto in some shape or form, so why not stake it and earn rewards? If you aren’t going to do anything else with it anyways.
Again, I am not talking about staking on centralized exchanges with everything that has been happening recently. But you can find wallets that allow you to stake and not give up your private keys.
Next is Mining: Unlike staking, mining cryptocurrencies involves validating transactions on the blockchain. While similar to staking, the main difference is that mining requires you to use your computing systems, like your computer device. Mining is a key part in the cryptocurrency ecosystem, so you don’t have to worry about mining going anywhere, anytime soon.
You can mine a whole bunch of coins, it doesn’t just have to be bitcoin, you can mine other coins like Litecoin, Dogecoin, and numerous other mineable cryptocurrencies.
One common misconception is that mining requires expensive machines or computers. However, you can start mining crypto with just your phone, laptop, or tablet. There are apps available that utilize your phone's power for mining, although the rewards may not be as significant as those from specialized mining devices. Nonetheless, utilizing spare devices can still earn you around $10 to $30 per month. As you become more comfortable with mining, you can consider upgrading to more powerful miners, which can yield higher rewards.
One of the main advantages of mining is its passive nature, much like receiving rent payments. With consistent mining efforts, you can generate a steady stream of income while contributing to the validation and security of the blockchain.
Trading: Cryptocurrency trading offers the potential to generate significant profits, but it requires careful consideration, time, and experience. To succeed in cryptocurrency trading, it's essential to learn from those with a deep understanding of the markets. Many experts in the field provide free education and insights. Familiarize yourself with the fundamental principles of blockchain technology and how cryptocurrencies operate.
By following reliable trading experts, (you can follow us😀) and gain access to early information, market analysis, and free trading signals with minimal risks. We are a team of professionals with 6-7 years of trading experience, providing you with valuable insights that can potentially increase your earnings. By following these signals, you can make well-informed decisions and potentially amplify your profits.
PRO TIP: Never Ever Join A Paid VIP trading group. It is nothing but a bot triggering trades of which most will be losing trades.
Last but not the least, and in my opinion the best way to accumulate more crypto is by earning more money? Now what do I mean by that?
Diversify Your Income Streams: While methods like airdrops, faucets, staking, and mining can earn you some crypto, they might not yield significant returns. To accumulate more wealth, consider establishing multiple income streams outside the crypto market and funnel it back into crypto because the saying is true,
“You Need Money To Make More Money”
So, if you pour money into the markets, You will start to make a lot more money with it as well. Unless you don’t gamble your hard earned money and actually do smart investing.
One last thing I want to point out is, “Be aware”
80-90% of everything in the crypto world is scam. To protect yourself, exercise caution when encountering too good to be true opportunities. If something appears suspicious or promises crazy returns with no effort, it's a scam.
I’ve had my fair years of getting scammed and I don’t want the same thing to happen to you guys. But hopefully this article gave you guys some more insights on how you can earn some free crypto. But, Remember that true potential lies in gradually funneling more money into the market while making informed decisions. And if you aren’t at that level yet, don’t worry because I gave you other options. You guys can start today without doing as much work.
Don't let past scams discourage you, but remain vigilant and conduct due diligence to safeguard your investments.
I hope you guys enjoyed this one. Have a great rest of the day.
Until next time…. 🫡
