Last updated Jan. 20, 2023 by Peter Jakes
Earning a decent income with cryptocurrencies is no longer news. Cryptocurrencies are becoming very popular today due to their decentralized nature. We have curated a comprehensive list of the 19 fastest ways to earn free crypto.
Further, the reason for cryptocurrency’s growing popularity is the facilitation of fast online payments through smart devices, which is unlike cash or bank transfers, instant and direct transaction settlements, and its scarcity. Not just that, its value has increased over the years, making it a hugely sought-after asset.
Additionally, you own the digital coins in your crypto wallet and have total control of them. Only someone who has access to your crypto wallet’s private key can access, spend, or transfer the cash.
So, many people are now looking for ways to get free crypto assets and profit from them. In this article (Earn Free Crypto: 19 Fast Ways To Earn Free Crypto), we will explain how to earn both free crypto and bitcoin, what cryptocurrencies are, and the different ways you can earn them.
What is Bitcoin, and How Does It Work?
Bitcoin is a form of digital currency, otherwise known as virtual currency or cryptocurrency, that is not controlled by any bank or government.
Bitcoin depends on cryptography and peer-to-peer apps and software. Bitcoin is a form of money that exists only in the digital realm. All bitcoin transactions and copies of these transactions are recorded in the blockchain, a public ledger that holds all bitcoin transactions.
Bitcoin is akin to a digital form of cash. In the meantime, you can use it to buy goods and services in some stores that accept bitcoin, but it isn’t widely accepted in every country. Countries like China, Bolivia, Iran, Vietnam, and Colombia have banned cryptocurrency.
A ‘digital wallet’ app on a smartphone or computer stores each Bitcoin as a computer file.
To further understand how bitcoin works, some terms are necessary to explain the concept of bitcoin.
Blockchain: To prevent fraud, the open-source code known as blockchain powers Bitcoin. This provides a unified public history of transactions organized into “blocks” that are “chained” together.
All transactions in the Bitcoin network are recorded in this way so that every Bitcoin user knows exactly who owns what.
If you’d like, you can receive Bitcoins (or a portion of one) from others. Every transaction is recorded in a public ledger known as the blockchain.
There is a way for you to keep an eye on all of your Bitcoins and prevent people from spending them, making copies of them, or undoing transactions.
You can store your Bitcoin in digital wallets that are only accessible from client software or online hardware tools. When making a transaction, you usually use a private key to prove that you own the digital assets.
Now you understand what Bitcoin is and how it works. So, how do you make money off Bitcoin and other cryptocurrencies?
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How Can You Earn Free Crypto (Bitcoin)?
There are different methods of earning crypto discussed in this article. “Bitcoin” will be used in tandem with other “cryptocurrencies”
Leveraging the crypto exchange market, you can invest, trade, and exchange Bitcoin and other cryptocurrencies. Investing in Bitcoin is like investing in gold on the stock market.
You can also earn Bitcoins through Bitcoin mining. Bitcoin miners are paid with transaction fees and newly created crypto tokens. The bitcoin network is maintained, and new coins are created through mining.
Mining bitcoin or collecting bitcoin incentives via sender fees is a more hands-on approach to earning free crypto than other ways of earning free crypto.
Is it Possible to Earn Free Crypto?
Yes, it’s possible to earn free cryptocurrencies. And even easier than you think. But is it possible to make a significant amount from it? Not quite. This article highlights some of the legitimate and fast ways to earn free crypto.
Before participating in any free crypto-earning opportunity, be sure you’ve done your homework. Scammers love to take advantage of promises of free BTC or free crypto.
Never accept an unsolicited offer for free crypto or sign up to any cryptocurrency website or exchange without first investigating the safety and security of such a free offer or doing your own research.
19 Ways to Start Earning Free Crypto
1. Staking Crypto Tokens
This method is number one of our 19 fast ways to earn free crypto tokens or bitcoins.
Staking is an excellent technique to increase your profits. Many cryptocurrencies, particularly newer ones, use a methodology known as proof of stake to validate transactions.
If you are a crypto investor, you can stake it on exchanges like Gemini Exchange, Kraken Exchange, Binance, or Nexo to earn free crypto fast. That is, they allow the blockchain to utilize their cryptocurrency to validate transactions.
Staking participants receive rewards for staking crypto in exchange for the amount staked.
You may think of it as earning interest on your savings account.
The key difference is that, whereas bank account interest rates are typically relatively modest, crypto staking may often earn you 10% or more.
Staking, like almost everything else linked to cryptocurrency, might be perplexing at first.
It’s simpler than you think, and you can always “unstake” your cryptocurrency if you wish to exchange it later. Once you understand how to stake cryptocurrency, you may begin making passive money from it.
2. HODLing Crypto
This may not be the fastest way to earn free crypto tokens, but it is one of the surest ways to earn free crypto. The term “HODL” was a typographical error in a forum but became a popular trading method. It signifies “Hold On for Dear Life.” Before HODLing crypto tokens, it’s critical to check out their worth and proceed from there.
Most cryptocurrency experts recommend HODLing when it comes to investing and earning free crypto.
This technique entails purchasing and holding a coin in a cryptocurrency exchange or your crypto wallets like Trust wallet, Nano wallet, and other trusted crypto wallets before selling it for a profit later. It’s one of the most beginner-friendly crypto investing strategies and ways of earning free crypto tokens.
First, you’ll need a crypto wallet. Then, you can buy Bitcoin or any other well-researched cryptocurrency of your choice in the hopes that the price will rise in the future, regardless of how long it takes. This might be months or years before you get to make some profit from your investment.
To earn free crypto through HODLing, make sure you buy from a good exchange like Binance, Gemini Exchange, Kraken or other well-known and trusted cryptocurrency exchanges.
Then, you transfer to a secure wallet and keep your seed phrase to avoid theft.
Due to the volatility of cryptocurrency assets, you may make money faster or longer than you think, depending on crypto market moves. Also, ensure to research your tokens before buying and buy during dips to make the most out of your crypto investment.
3. Trade Cryptocurrencies
Crypto trading is the fast-paced version of HODLing. Here, you are taking advantage of the token’s high volatility. This strategy requires lots of practice and an in-depth understanding of the crypto market. Make sure to do your research before attempting it.
Here are a few Bitcoin trading tactics you may use to make money:
Crypto Day Trading:
This day trading is one of the 19 Fast Ways To Earn Free Crypto.
Day trading uses short and rapid transactions that yield small Bitcoin rewards. Because day traders don’t keep open positions overnight, this strategy requires studying the market and looking for modest profit possibilities. Day traders can have a significant cumulative gain at the end of the session.
Below are some of the strategies to earn free crypto through day trading:
Learn how to understand charts.
Price action, the approach used by the majority of expert traders, is one of the finest ways to master this day trading. Once you’ve learned how to read the charts, you’ll understand why the market is moving up, down, or sideways, and you’ll know which approach to employ in that direction.
Trade with a proven trading strategy or a mixture of strategies.
A proven strategy is one that has been thoroughly back-tested and demonstrated to work consistently. Only in this manner will you have the confidence to persevere amid the lulls.
Have a solid trading system.
One that is defined not only by the technical parts of trading but also by the business components of trading. It is a properly planned trade that is consistent with the entire trading plan that has been demonstrated to work. Contrary to popular belief, trading is much more than just methods; the system itself plays an important role in becoming a good trader.
Swing Trading:
Swing trading falls between long-term HODLing and short-term day trading. Swing traders, like HODLers, will buy cheap, wait for their holdings to appreciate, and then sell high.
But, their holding time isn’t as long as a HODLer’s and isn’t as short as a day trader.
Arbitrage:
Crypto arbitrage is comparable to the before-mentioned approaches. But, traders that use arbitrage hunt for money-making possibilities across many crypto exchanges rather than within the same business.
They get Bitcoin or other cryptocurrencies from one cryptocurrency exchange and then sell it at a higher price in another exchange.
Note that all these techniques take a lot of effort to master, so don’t expect to get it right the first time.
4. Participate in Legit Airdrops
Airdrops are one of the fastest ways to earn free crypto, especially for newbies. However, it is also one of the riskiest techniques to earn free crypto.
Developers use airdrops to gain support for new cryptocurrencies. In a word, they provide free coins to encourage adoption.
When the airdrop project is active, you can check the Internet. Users frequently advertise them on the company’s website, social media, and other cryptocurrency news sites.
You must approach any new crypto project with caution.
Hackers frequently use fake Airdrop and ICO (Initial Coin Offering) frauds.
In actuality, many air bubble coins are not particularly valuable investment vehicles. If you are a beginner, we advise you to stay with the more well-known cryptocurrencies, Bitcoin, Ethereum, and the top 15 cryptocurrencies. Switch to airdrops if you follow these instructions.
All bitcoins earned via airdrops are taxable income as well. According to the IRS, you must declare based on the fair market value of the distributed ledger on the date of registration. In most cases, you do this when receiving airdrops from digital wallets.
5. Lend Crypto Tokens
Bitcoin transactions are more manageable due to their decentralized nature. It doesn’t require validation from authorities before you can start earning interest with cryptocurrencies.
You can lend BTC to possible borrowers and earn interest.
This lending technique works best besides HODLing.
You can passively earn an income and gain interest by locking up your crypto in a lending platform that manages your funds and lends them out rather than just sitting in your wallet.
In return for interest, investors can lend their crypto assets to other investors. Peer-to-peer lending, margin lending, and DeFi lending are among the top ways of earning free crypto.
Different websites can help you earn free cryptocurrency with their loan services.
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6. Mining Cryptocurrencies
Cryptocurrency mining is not child’s play, but it is one of the 18 fast ways to earn free crypto.
This crypto-mining procedure entails using powerful computing and mining tools to solve complex math problems and puzzles to earn free cryptocurrency. It is a contest to determine the luckiest and fastest to solve those puzzles and earn rewards.
Joining crypto mining clouds or mining pools will give you more mining power. In this scenario, a Bitcoin miner joins a cooperative group pooling their processing resources to answer any complicated mathematical issue.
There are different types of Bitcoin mining, mining pools, cloud mining, ASIC mining, GPU mining and CPU mining. You can earn bitcoin through a mining pool.
A mining pool is a group of cryptocurrency miners who pool their resources and split the profits.
Bitcoin miners are much more likely to get the chance to mine new blocks and earn more bitcoin if they collaborate.
Cloud mining, on the other hand, entails paying a company to mine cryptocurrency on your behalf. Instead of purchasing your mining device, you are essentially renting one and receiving profits after deducting your maintenance and electricity costs.
Mining pools work similarly to cloud mining, except it connects their computer power over the cloud, and miners won’t need to run or install the relevant software and hardware.
The mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle. Miners can also earn transaction fees through the mining cloud.
If you want to benefit when the mining competition gets more challenging, you’ll need better mining computers and software, which costs money and reduces your profit.
Before you start mining, you should do a lot of studies because there are different methods of making money with Bitcoin.
7. Write for Blogs That Pay in Crypto
Getting payment in your native currency is excellent, but receiving Bitcoin payments may spice up your freelancing career.
Many websites now allow you to do projects and tasks in return for Bitcoin and other digital assets if you’re a freelancer who also happens to be a crypto geek.
To earn bitcoin through blogging, some websites allow you to do the following:
Create and distribute original cryptocurrency content: All you need to do is write and distribute engaging articles in any category you choose. The pay is greater the more upvotes and comments there are.
Earn free crypto by liking and leaving comments:
You can do this by utilizing these content platforms frequently, interacting with posts, contributing your thoughts, and sharing your favorite posts from other publishers to earn additional coins.
Vesting
You can leave your bitcoin earnings on the websites and earn more by HODLing your earnings.
Upvoting posts and tipping authors
You can earn free bitcoins when you read other authors’ posts, upvote them, upvote your posts and tip other authors.
The tipping is free, and you claim your earnings in a reward pool.
If you’re unsure where to begin, search for cryptocurrency blogs like CoinTelegraph to know which blogs Pay to write and earn free crypto.
8. Join Crypto Affiliate Programs
Affiliate marketing is another of the 19 fast ways To earn free crypto. If you are a blogger, it gets better with crypto affiliate programs.
Affiliate programs reward existing customers with referral bonuses when they refer their friends and family to the company.
New bitcoin affiliate schemes and ad networks are springing up regularly. As new platforms and sectors continue to adopt Bitcoin and crypto into their day-to-day operations, you will likely continue to see such affiliates earning people cool money.
When trying to join a new crypto-focused affiliate program, you should follow the same selection criteria as any other affiliate program or network. This criterion includes fast payout, reputation, commission levels and earnings per click, lack of hidden fees or costs, and customer support.
This selection technique will help you get the finest bargains and greater rewards while also having a better chance of long-term success and not getting ripped off by lesser-recognized sites or programs.
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9. Earn Bitcoin Cashback On Credit Card Purchases
Many of the world’s largest payment companies have begun to dip their toes into the crypto seas. This technique allowed many crypto enthusiasts to use their Bitcoin and credit cards to take advantage of new shopping rewards.
If you are a heavy card spender, this is an excellent way to earn bitcoin. These credit companies provide credit cards for practically every sort of customer, whether you’re just beginning to build your credit history or you’re looking for premium travel bonuses and perks.
To take advantage of new crypto rewards card choices, you can trade guaranteed returns like travel points or cash back for Bitcoin.
Instead of miles or points, the BlockFi Awards Visa® Signature Credit Card rewards users with Bitcoin. Cardholders may also receive 1.5 to 3.5% cash back, which can be converted to BTC and deposited into their BlockFi accounts monthly.
Gemini Exchange and SoFi are also rolling out such credit cards like BlockFi credit cards with crypto rewards.
10. Look for Micro Jobs and Pay-To-Click Websites
This strategy is a safe and secure way to earn crypto that only a few people know about. It is one of our 19 fast ways to earn free crypto.
These sites are a great way to make a quick buck if you’re willing to make an effort. Good examples of such websites are Coinpayu and adBTC. There are other sites that pay you a small fee for simple tasks such as watching a YouTube video or filling out a survey as Microworkers.
These PTC sites have Bitcoin counterparts, such as BitcoinGet and CoinTasker, where members can choose from thousands of tasks to complete in exchange for Bitcoin.
However, keep in mind that making significant money this way is a complex and time-consuming task.
11. Earn Free Crypto Playing Games
Yes, you can earn free crypto tokens while having a good time playing mobile or online games! If you are a heavy gamer or you love gaming, this option is for you.
Crypto play-to-earn online games like Bitcoin Alien Run and Sparkprofit offer crypto rewards and free BTC to players.
It didn’t end here; consider avatars, weapons, costumes, plots of land, and gold bars. Once players find and accumulate these goods through gaming, you can trade them with others in digital marketplaces for different NFTs or sell them for cryptocurrencies.
Depending on the game, you can boost your earning potential by spending time leveling up and upgrading your characters. Other gaming techniques are building monetised structures on your land that other gamers pay to use, or participating in championships.
Axie Infinity, CryptoBlades, and MyDefiPet are some of the most popular blockchain games you can check out. Crypto games are more entertaining than filling out a survey, though crypto games need more work than microtasks.
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12. Try Out the Binary Trading Approach
Binary trading has been around for a long time in the crypto world. If you’re ready to take risks, this is an excellent way to earn free crypto.
Binary trading is simply a sort of investment in which investors must guess the outcome of a yes/no situation by the end of a set time.
Binary trading means that investors have just two investment options, with the reward being either a defined sum of money or nothing at all.
Binary has only two options: the cash-or-nothing binary option and the asset-or-nothing binary option. The deal is either “in the money” or “out of the money.” So, you’re predicting the direction of the price.
If you bet that the price will rise, and it does, you will receive a percentage of your investment back.
However, if your prediction is wrong, you’ll lose money. This uncertainty makes it challenging to earn BTC using this method.
13. Run a Bitcoin Lightning Node
Did you know that you can complete bitcoin transactions in an instant? The Lightning Node, which enables lightning-fast Bitcoin transfers, makes this workable.
A node is a computer linked to other computers and follows the rules and exchanges information. A full node is a computer in bitcoin’s peer-to-peer network that hosts and synchronizes a complete copy of the Bitcoin blockchain.
Operating a Lightning Node can also earn you money, and this feature is why many users create lightning network-powered payment channels.
You’ll administer a channel and get rewards from transaction fees if you run a Lightning Node.
It’s crucial to remember that the amount of money you’ll make may be less than other options on this list. So, the little incentives you’ll receive will contribute to the network’s scalability.
14. Work with Cryptocurrency Companies
This is one of the 19 fast ways to earn free crypto. Some of these crypto companies give incentives to their employees in the form of free crypto tokens.
Anyone can work for a cryptocurrency company in any position. For example, you could be a digital marketer, content creator, or web designer. All you have to do is discover their needs and demonstrate how your abilities can help them solve a problem.
The nicest part of working with crypto platforms is that you’ll most likely be working remotely, giving you the option of working from home.
Aside from that, most crypto organizations provide quite competitive packages. If you have the possibility to work with any legitimate ones, don’t hesitate to take it.
Here are some sites that pay in digital assets for services rendered:
XBTFreelancer, Coinbase, and JobsForBitcoin.
15. Become a Masternode
Masternodes are part of the infrastructure that sustains cryptocurrencies such as Bitcoin, Ethereum, and Dash.
In particular blockchains, masternodes play a role during transaction validation. They’re always up and operating, just like Bitcoin’s complete nodes.
Besides saving, verifying, and broadcasting valid transactions to other nodes, masternodes undertake a variety of duties on the blockchain. The duties include ensuring seamless protocol operations, managing voting events, and so on. They receive compensation for their focused efforts.
16. Crypto Casino
Entering the crypto gaming and casino market can be a great income source whenever you feel self-aware. This is one of the 19 fast ways to earn free crypto.
In the gambling industry, the casino always wins because casino houses are not charity organizations.
For example, in crypto casinos and gaming, the high niche market can allow people to earn free bitcoins in many stake rounds or significant bonuses right away.
These online casino platforms are widely known among the bitcoin ecosystem worldwide for earning free Bitcoins and other cryptocurrencies.
There are several entertaining games available on such platforms that come to the forefront of every gambler’s mind. These platforms are where you can earn money or grow digital currencies.
The more you win the games, the more likely you will earn free bitcoins or other tokens. While it is risky, it is still possible to make enough cryptocurrency.
Some game categories offer free credit every 30 minutes to players. However, there is a risk of losing money when playing these games if you are not careful.
Consider factors like the games offered, if the online casino is authorized, banking options, fast payouts, and online reviews when selecting the online casino or game you wish to play.
CloudBet, mBitCasino, FortuneJack, and Bitstarz are significant players in the crypto gambling market. Make sure to look these gaming sites up whenever you’re thinking about getting into this.
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17. Take Advantage of Crypto Faucets
Do you enjoy watching commercials and taking surveys? You can earn free bitcoins doing that on a Bitcoin faucet.
A crypto faucet is a mobile application or website that rewards users with small amounts of BTC or other cryptocurrencies in exchange for completing simple tasks.
You can make money by playing crypto games, viewing ads and product videos, completing captchas, filing surveys, and clicking links.
It’s called a faucet because the rewards it gives out are like tiny drops of water dripping from a leaking faucet.
Contrary to what most people think, Bitcoin faucets are not for the “get rich quick”. Though earning free crypto with a Bitcoin faucet might sound easy, it can take a while to get a good amount of Bitcoins, depending on the faucet you use.
Most of the time, the rewards you get for doing different tasks will go straight into an online wallet that the website gives you. Also, it’s important to remember that if you go for easier tasks, you earn less in crypto tokens.
Note that some faucets also have a minimum payout amount. This means that you can’t cash out your rewards until you’ve earned a certain amount of Bitcoins.
It could take a few hours, a day, a week, or even months to cash out. It all depends on how much each site charges. Be sure to do this research for each site before signing up for a bitcoin faucet application.
18. Participate in Hard Forks
Bitcoin began “forking” into various currencies in August of 2017. A fork happens whenever a community changes the blockchain’s protocol or basic rules. Bitcoin fork is also called a “Bitcoin clone.” Anyone who had bitcoin before the fork is now eligible to receive the new coin.
Bitcoin Cash was the first popular split. Later, Bitcoin Gold, Bitcoin Diamond, and more forks followed. The procedure for claiming forked coins is traditional, but it needs a basic grasp of how crypto works.
Remember that claiming a forked coin without knowing what you’re doing might cause you to lose your Bitcoins. So, for most non-technical users, it is better to stay away from bitcoin forking.
Companies who claim the coins for you and receive a commission are another option, but this might be a scam.
If a forked coin has demand, you may sell it for Bitcoin or other cryptos on an exchange.
19. Sell Crypto Learning Courses
You can earn free crypto just by selling cryptocurrency courses. Even if you don’t have any knowledge of cryptocurrency, you can learn from YouTube channels and free courses. When you must have mastered it, you can start teaching others.
A lot of crypto enthusiasts are losing their crypto investments due to a lack of the requisite knowledge. You can make money selling your online courses.
To avoid competition, you can also offer personalized services. People will always pay for something valuable. You can also offer to teach people and they will send you free crypto to your wallet address.
Conclusion
There are many ways to earn Bitcoin, and we have outlined the 19 fast ways to earn free crypto. Some will earn you more bitcoin, and some will not. Quite a number of methods require a degree of expertise, while others need no experience.
It depends on the ones you want to foray into. However, ensure to research the website or platform offering you free cryptocurrency before getting involved.
As a rule of thumb, if the offer is too good to be true or promises an outrageous reward for small tasks, it’s a scam. Happy earnings.
