Top 10 Ways to Earn Free Crypto
If you invest in cryptocurrency regularly, you’ll already know that digital currencies can experience lucrative price swings on a daily basis. As such, many market participants are eager to earn free crypto to benefit from these price swings.
1:Buy NFTs that Provide Free Crypto
2:Play the Lucky Block Crypto Game
3:Use Crypto Interest Accounts
4:Begin Crypto Staking
5:Take Part in an Airdrop
6:Complete Educational Courses
7:Participate in DeFi Lending
8:Earn Crypto Credit Card Rewards
9:Use Crypto Faucets
10:Help with Crypto Mining
A Closer Look at the Best Ways to Earn Cryptocurrency
Now that you have a brief overview of what the best ways to earn crypto are, let’s dive in and explore each of these procedures individually:
- Buy NFTs that Provide Free Crypto
A fantastic method to earn free crypto is to invest in NFTs that provide rewards to holders. One such opportunity is to purchase the Investor Pass NFT for the Copium Protocol.
Copium Protocol Website
Copium Protocol is a complete mining investment platform that allows people to participate in passive cryptocurrency mining.
The entire project has four main components:
The Copium Coin
The Investor Pass NFTs
The Copium Mining facility
The Copium Staking Protocol
The Copium Coin and the Copium Protocol Investor Pass will be released to the public in early-mid October. The Investor Pass will be sold at Dutch Auction via the project’s website and will start for 3.5 ETH. However, you can receive a guaranteed mint spot at the cost of 3 ETH if you’re one of the first 2000 people that register early on the website.
The Investor Pass NFT will provide holders with an exclusive 10,000 Copium Coin airdrop. It will also allow holders to stake the NFT on the platform in exchange for a daily allocation of 10 Copium Coins. Furthermore, NFT holders can enjoy being automatically entered into monthly Copium giveaways.
Investor Pass Miner
The team will use the Investor Pass NFT sales to upgrade the Copium Mining facility in Otago, New Zealand. The great thing about the mining facility is that it’s entirely powered by 100% clean Hydroelectricity generated in the Southern Alps.
Once upgraded, the daily mining revenue from the facility will be used to purchase Copium Coin from the open market, providing a sustained demand for the token. Furthermore, the purchased Copium Coin will be sent to a burn address, making the token deflationary and scarce.
After the successful release of the Investor Pass, the team will implement the Copium Staking Protocol. This allows Copium Coin holders to stake their assets for a high yield. The interest generated from staking depends on the lockup period selected.
Copium Protocol Investor Pass
However, it is important to note that Investor Pass holders are entitled to higher interest rates. Compared with standard public staking rates, the minimum pass holder rate is still higher than the maximum achievable public staking rate. Therefore, purchasing the NFT to maximize your returns while staking is essential.
Overall, Copium Protocol provides a fantastic opportunity to passively earn free crypto in 2022 by simply holding an NFT and staking it on the
. Play the Lucky Block Crypto Game
lucky block logoThrough 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.
Lucky Block prize draws
So, what is the best play to earn crypto game that allows you to earn free crypto? Although there has been an explosion of activity in this area of the market, we recommend checking out the crypto lottery site – Lucky Block. Lucky Block is an innovative platform hosted on the Binance Smart Chain (BSC) that offers exciting daily prize draws facilitated through a user-friendly web or mobile app.
These draws are fully decentralized, meaning that people worldwide can enter. This also means that the winner of each jackpot is transparent, with Lucky Block employing Chainlink’s VRF service to ensure that each draw is provably fair. However, aside from Lucky Block’s daily jackpots, users can also earn free crypto through the platform’s compelling dividend payments.
LBLOCK token
Users who hold LBLOCK, Lucky Block’s native token, can generate a passive income stream simply by connecting their crypto wallet to the gaming platform. Cash payments are set to commence around the same time that Lucky Block’s prize draws begin and correlate with the number of people who are participating in the draws.
As noted in a recent press release from the project’s development team, yields could reach more than 19% per year – far higher than you’d get with the best dividend stocks. Due to this, Lucky Block is undoubtedly one of the best play to earn crypto games if you’re looking to earn free crypto.
Lucky Block’s First Prize Draw Scheduled for 31st May 2022 – Daily Draws Commence on 6th June 2022
Lucky Block’s jackpot draws finally have a launch date, with the platform’s users now able to buy tickets for a chance to win a whopping $1,000,000. The platform’s first draw will be on 31st May 2022 at 8pm BST, with the winner announced live on Lucky Block’s Twitch channel.
Lucky Block prize draws
The draw will be conducted by Swae Lee, who boasts over 10 million Instagram followers and is one half of the hip-hop duo Rae Sremmurd. Although the draw doesn’t occur until 31st May, Lucky Block users can now buy tickets through the Lucky Block web app, priced at $5 and payable in LBLOCK.
Notably, users who hold $500 (or more) worth of LBLOCK in their connected crypto wallet will receive a free ticket to the platform’s prize draws. Finally, owners of Lucky Block’s ‘Platinum Rollers Club’ NFTs will also be entered into the exclusive NFT draw on 31st May, worth an impressive $1,000,000.
Visit Lucky Block Now
Cryptoassets are a highly volatile unregulated investment product.
- Use Crypto Interest Accounts
AqruAnother 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 AQRU – one of the leading platforms within this growing area of the cryptocurrency market. AQRU allows users to deposit cryptocurrency and begin earning interest immediately, with five different coins supported at present. Notably, AQRU offers up to 12% interest per year on stablecoin deposits and 7% on BTC or ETH deposits.
AQRU crypto interest
Another great platform to consider is BlockFi. Like AQRU, BlockFi allows users to earn crypto by making deposits, with over 30 coins supported on the platform. BlockFi also offers compound interest and a speedy application process, making it ideal for users who wish to store their crypto over the longer term.
- 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 (PoS) 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 AQRU, which we noted above. Although AQRU doesn’t offer staking services in a validation sense, the platform does offer a way to generate rewards that are similar in size.
crypto staking accounts
These rewards stand at 12% per year for USDC, USDT, and DAI deposits and 7% for BTC and ETH deposits. AQRU charges no fees for making these deposits and no ongoing fees during the interest generation process. There are also no lock-in periods to be aware of with AQRU, allowing you to withdraw at any time.
BlockFi also offers crypto staking opportunities, which follow a similar structure to those provided by AQRU. The platform supports over 30 different coins and offers yields of up to 11% per year. BlockFi also has no hidden fees or minimum balance thresholds, making it ideal for beginners.
Did you know that there are some fundamental differences between yield farming vs staking?
- Take Part in an Airdrop
One of the best ways to earn crypto hassle-free is to participate in crypto airdrops. Airdrops 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 even more hype around an upcoming token launch, as giving out free tokens to people tends to cause excitement on social media.
Tamadoge (TAMA) is running a massive giveaway for holders after its beta sale sold out, raising $2 million in rapid time. Those who enter have the chance to win one of the best crypto giveaways of 2022 and we’ve got a full guide on how to enter the $100,000 TAMA token airdrop.
Tamadoge Crypto Giveaway
Tamadoge is one of the most exciting meme coins on the market, offering not only the potential for massive returns but real utility to holders through NFT ownership and a fun play-to-earn game.
TAMA holders can mint NFT Pets that they look after and care for, growing them until they are big enough to battle other players for points on a global leaderboard that later become prizes.
In future the pets will become augmented reality and players can go into the real world with them to hunt for TAMA tokens and other rewards.
If you hold $100 or more of TAMA you are eligible to win the $100,000 of tokens, with the competition running until Friday, September 9 – 30 days from the August 10 start date – as long as you complete the set of tasks required, including things like following the Twitter page and joining the Telegram group.
Visit Tamadoge Now
- 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.
Coinbase Earn
The specific coins provided as rewards will vary depending on the task, although Coinbase offers over 20 tokens to be rewarded in. All that’s required is a Coinbase account, and you can begin completing the educational courses right away. However, it’s important to note that the rewards are not very large and usually average just a few dollars worth of crypto per course.
- 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.
DeFi lending yields
This means that you can purchase the best cryptocurrency to invest in and then lend it out through a DeFi protocol, thereby benefitting from value increases whilst generating a consistent yield. Yields will vary depending on the asset and the protocol you use, although they can reach over 10% per year in certain situations.
The great thing about DeFi lending is that most lending agreements are collateralized. This means that borrowers must post collateral in the form of cryptocurrency – with this collateral being valued higher than the loan itself. Since the whole process is facilitated through smart contracts, there is no way to cheat the system and no need to provide a credit check.
- 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.
eToro crypto card
The great thing is that the end merchant doesn’t have to accept crypto for you to use these cards, as the provider handles the exchange process. This means that you can pay in crypto, yet the merchant receives the proceeds in FIAT – making it a ‘win-win’ for all parties.
Cashback rewards will vary from provider to provider, although they tend to be distributed in the platform’s native token – for example, the Crypto.com credit card provides rewards in CRO. However, once cashback is earned, it can easily be withdrawn or used for trading, giving scope to boost your income even further.
- 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.
crypto faucets returns
Another factor to keep in mind is that many providers require you to hit a certain account balance before being able to make a withdrawal. There may also be a times limit set on collecting the rewards, making crypto faucets a challenging method to utilize over the longer term. Finally, the crypto faucet sector also has a reputation for having some shady dealings – so it’s wise to conduct extensive research to ensure you’re not being scammed.
- Help with Crypto Mining
As touched on earlier, crypto staking is the process of helping out with block validation on Proof-of-Stake (PoS) 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.
Bitcoin mining
As the scale of PoW networks has increased, so too have the computing requirements to be a miner. These days, miners tend to be companies that own giant banks of computing equipment and run them 24/7.
Furthermore, to generate rewards, you’d need to be the first miner to solve the numerical problem that validates a specific transaction on the network. This is essentially guesswork and doesn’t require advanced knowledge of mathematics. However, the miners with the highest computing power tend to obtain the answer first since they can test out the highest number of potential solutions.
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