This guide will take a comprehensive look at how to earn free crypto, covering some of the most popular avenues you can explore, before reviewing two of the best platforms to consider when looking to earn crypto right away.
Top 10 Ways to Earn Free Crypto
Play the Lucky Block Crypto Game
Use Crypto Interest Accounts
Begin Crypto Staking
Take Part in an Airdrop
Complete Educational Courses
Participate in DeFi Lending
Earn Crypto Credit Card Rewards
Use Crypto Faucets
Help with Crypto Mining
Complete Surveys for Crypto Rewards
1. Play the Lucky Block Crypto Game
Lucky block logo Through extensive research and testing, we’ve found that the best way to earn crypto cost-effectively is to play crypto games. The best crypto games function similarly to the classic video games that people know and love, except they are hosted on the blockchain rather than game consoles.
This provides a myriad of benefits; most notably, the ability to use cryptocurrency within the game for specific tasks. In addition to this, crypto games can also reward users with cryptocurrency for skilled gaming – which is the case with the best play to earn games.
2. Use Crypto Interest Accounts
Another option if you’re wondering how to earn crypto for free is to use crypto interest accounts. The best crypto interest accounts do precisely what the name implies – they offer a way for you to earn interest on your cryptocurrency holdings. However, the great thing about these accounts is that interest rates are often far higher than traditional bank accounts.
A prime example of this is the interest account offered by AQR– one of the leading platforms within this growing area of the cryptocurrency market. AQR allows users to deposit cryptocurrency and begin earning interest immediately, with five different coins supported at present. Notably, AQR offers up to 12% interest per year on stablecoin deposits and 7% on BTC or ETH deposits.
3. Begin Crypto Staking
As defined by Binance Academy, crypto staking is the process of locking up your coins to help validate new blocks on specific blockchain networks. This relates to the method used on Proof-of-Stake blockchains rather than Proof-of-Work (Pow) blockchains like Bitcoin. In return for aiding in the validation process, participants who stake their coins will earn free crypto as a reward.
Much like when you earn interest on crypto, the process of crypto staking can offer much higher returns than traditional bank accounts. One of the best crypto staking platforms to consider partnering with is AQR, which we noted above. Although AQR doesn’t offer staking services in a validation sense, the platform does offer a way to generate rewards that are similar in size.
4. Take Part in an Air drop
One of the best ways to earn crypto hassle-free is to participate in crypto air drops. Air drops refer to the process of distributing crypto for free to people who are interested in a specific project. This process usually occurs when trying to generate hype around an upcoming token launch, as giving out free tokens to people tends to cause excitement on social media.
Many of the best DeFi coins began by creating a community of like-minded people, and then airdropping a set number of tokens to the community before the project was officially launched. This comes with many benefits; most notably, the ability to benefit from price increases when the token lists on exchanges
5. Complete Educational Courses
Another option to consider if you’re wondering how to earn free crypto is to complete educational courses. This process, dubbed ‘Learn and Earn’, may seem too good to be true, but in actual fact, it is offered by an array of top platforms. Earning free crypto through learning involves participating in educational courses or watching videos, with small ‘rewards’ distributed on completion.
A popular platform that offers this service is Coinbase, which is one of the best crypto exchanges on the market. The ‘Coinbase Earn’ service will reward you for watching educational videos and completing quizzes, with certain quizzes providing larger payouts than others.
6. Participate in DeFi Lending
Decentralized finance (DeFi) refers to the ecosystem of financial applications built using blockchain technology. Due to this decentralized nature, these applications do not rely on a centralized authority to facilitate transactions.
This offers up scope for a wide variety of new and exciting processes to occur – with DeFi lending being one of the most popular. DeFi lending involves giving your cryptocurrency to a specific protocol, which will then lend it out to other parties. In return for providing you crypto, you will earn interest – with rates often much higher than the traditional banking system.
7. Earn Crypto Credit Card Rewards
If you’re wondering how to earn crypto during your day-to-day activities, then using a crypto credit card could be the way forward. The best crypto credit cards follow a similar structure to regular credit cards because they offer cashback rewards for making purchases. However, the critical difference is that crypto credit cards reward users in digital currencies rather than FIAT.
Due to the rapid rate of crypto adoption, there is now an abundance of providers that offer crypto credit or debit cards. Many of the best altcoin exchanges, such as eToro and Crypto.com, offer dedicated card services that allow you to use your crypto holdings to pay for goods and services.
8. Use Crypto Faucets
Another excellent way to earn free crypto is to use crypto faucets. Put simply, crypto faucets are a way to generate small sums of crypto regularly for completing quick and easy tasks. These tasks do not require a high skill set and tend to be monotonous; however, if performed over the longer term, they offer a way to create a notable income stream.
Examples of crypto faucets tasks may include viewing digital ads, watching videos, completing CAPTCHAs, participating in quizzes, and more. The amount of crypto you will earn is dependent on the provider and the specific task, although amounts tend to be extremely small.
9. Help with Crypto Mining
As touched on earlier, crypto staking is the process of helping out with block validation on Proof-of-Stake networks. However, mining is the process used on Proof-of-Work (PoW) networks and is crucial to allow investors to buy Bitcoin and other similar coins.
Coinbase Learn defines mining as the process of creating new coins and verifying transactions that occur on a network. Mining requires powerful computing systems, which means that miners are incentivized to help through the distribution of mining rewards. These rewards are accrued in the native currency – for example, mining on the Bitcoin network will be rewarded with BTC
10. Complete Surveys for Crypto Rewards
Rounding off our list of the best ways to earn free crypto is online surveys. This process is closely related to crypto faucets and may fall under that category in some instances. However, most of the time, these surveys are facilitated through dedicated platforms that offer micro rewards to users willing to complete the arduous task of filling out forms.
One of the most popular platforms is called Free cash, which offers a wide range of small tasks that you can complete to earn free crypto – including surveys. Much like crypto faucets, the rewards will be minimal, so you’ll have to complete many surveys to obtain a worthwhile balance.
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