A cryptocurrency is now one of the most hotly debated and fastest-growing technologies of our time. Quite recently it seemed that finances would no longer be tangible and would only remain on physical media. With their unique properties and potential for profit, digital assets entice more and more people around the world.
However, you may not necessarily be able to access crypto easily and at no cost to you. Here we will take a look at the tips on the best ways to help you gain free crypto. Ranging from airdrops to referral programs, you will be given a chance to familiarize yourself with various methods that will help you start earning any top cryptocurrency with little to no investment.
Earning money from airdrops
Airdrop offers one of the trendiest ways to get free crypto. This approach relies on the idea of distributing tokens or coins to members of the community. It is common for projects launching a new cryptocurrency to provide airdrops as a marketing strategy to encourage more users.
Joining airdrops is straightforward and within everyone’s reach. In order to participate, you would usually need to perform some basic actions, such as subscribing to the project’s social networks, reposting, signing up on their official website, or referring other users. When you participate in airdrop, you obtain a certain amount of tokens or coins as a reward.
Nevertheless, what is important to note is that not all airdrops are equally worthwhile. A few projects may offer only a small amount of tokens, and these may have little value in any market. There are, however, some airdrops that offer precious tokens, which can grow significantly in value over time.
If you would like to keep track of the latest airdrops, you should follow the news about the crypto industry, subscribe to the official channels of the newly-born projects, and join communities where you can actively discuss and share the latest information about the events. Moreover, there are dedicated platforms that collect data about ongoing airdrops and assist users to participate in them.
Note that when participating in such an activity, it is imperative to remain cautious and ensure that the project is credible. The online space is also populated by scammers who can create fake airdrops for identity theft or fraud.
Earning crypto through staking
Staking happens to be another widely known way to get cryptocurrency for free. This practice is centered on contributing to the maintenance and security of the blockchain network.
To begin with, let’s break down what exactly staking is. In the Proof-of-Stake (PoS) blockchain used by many cryptocurrencies, users can make a bet on their coins, that is, freeze them for a certain period of time. As a result, they are rewarded with a fee in the form of a interest on the amount of money they collect.
The staking process generally occurs on designated platforms or wallets provided by the projects themselves. Participants can choose the amount of coins they are willing to stake and set its duration period. The more coins you stake and the longer the staking period is, the greater your reward will be.
Among the main benefits of staking is that you are not forced to buy expensive equipment or spend electricity on mining. All you need to do is have some coins and just participate in the network. Furthermore, staking is often considered more eco-friendly and energy-efficient than mining.
Before you start staking, though, it’s critical to be mindful of a few things. Firstly, check whether your desired project supports staking feature. Secondly, study the terms and conditions of staking, including the minimum amount to participate and the lock-up period. Keep in mind as well the risks surrounding cryptocurrency, including the possible depreciation of coins.
Basically, staking opens up a unique opportunity to earn free crypto simply by engaging in the support of the blockchain. What’s more, numerous projects offer extra incentives for stakers, such as voting on important protocol changes or receiving additional tokens as a bonus.
Play-to-Earn
Play-to-Earn represents a future-proof way to earn free cryptocurrency while combining the gaming and blockchain technologies. How can I earn crypto by playing games? The idea behind this strategy is that players receive rewards in the form of digital assets or tokens for taking part in gaming sessions and completing certain tasks.
Play-to-Earn feature runs on blockchain and smart contracts, both of which enable the creation of virtual worlds and economic systems within games. Players can earn digital assets such as unique in-game items, real-world currency or tokens by completing various tasks or simply by actively participating in gameplay.
The advantage of Play-to-Earn is that users derive genuine value for their efforts and time spent playing the game. Therefore, you can earn crypto even with your smartphone. The resulting digital assets may be used in-game to upgrade characters, purchase virtual items, or even sell them on external platforms and markets.
Crypto-oriented games that use the Play-to-Earn model are steadily rising in popularity. They offer players more than just entertainment, but also a viable way to make money. Some of these games have their own economic systems, where players can create and sell their own unique items or even earn money by progressing and managing virtual assets.
Referral programs
Crypto referral programs serve as an efficient means of obtaining cryptocurrency at no charge, as well as other rewards. This method is based on driving new users or customers to a particular platform, product or service with your unique referral link.
Plenty of companies, even crypto exchanges / wallets, financial platforms and online services, all offer this kind of programs. The participation process is by far simple and consists of the following steps:
- Registration: Sign up for a platform that offers a referral program and receive a one-of-a-kind referral link or code.
- Link sharing: Distribute your referral link with friends, colleagues, or others through social networks, blogs, and forums. You can also try out websites and platforms known to specialize in publishing referral links.
- Involvement of new users: Once a person signs up on the platform through your referral link, they become your referrals.
- Rewards: You may receive remuneration in the form of free crypto, bonuses, discounts, or other benefits, depending on the terms of the referral program. Typically, your referral ends up with some form of starter bonus or perks as well.
Among the strengths of referral programs is that they grant you the opportunity to get crypto without any investment. Instead, you are paid for attracting new users to a platform that you yourself already use or recommend.
Conclusion
Here you can see some of the hottest ways to earn crypto with no investment: airdrops, staking, Play-to-Earn games, and referral programs. Such methods do not require any knowledge of how to trade cryptocurrencies. Each technique necessitates active input and exploration of the circumstances. They provide you with the ability to gain digital assets at no extra cost, but they do require prudence and project research to succeed.