Free Cryptocurrencies: Complete Guide to Earn Free Cryptocurrencies in 2021

free cryptocurrencies

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The past couple of years have seen an increase in general public awareness of cryptocurrencies around the world. In turn, more people have expressed an interest in buying or earning digital currencies.

While buying your favorite cryptocurrency via an exchange is probably the easiest way to enter the cryptocurrency market, this industry is full of surprises, so a substantial amount of cryptocurrency can be earned for free.

This article will cover the main methods that can be exploited to get free cryptocurrencies. Keep in mind that most of these methods require some effort, as nothing is ever gained without doing something. However, these methods do not involve the need to work full time, and they do not involve any financial investment on your part.

Coinbase Earn

 

Free cryptocurrency with Coinbase Earn

Coinbase it is widely regarded as one of the most popular digital currency exchanges, especially in the United States.

While the platform facilitates the buying and selling of cryptocurrencies, it also offers its users the ability to earn various cryptocurrencies, including but not limited to Orchid, Tezos, Dai, EOS, Stellar, Zcash, Basic Attention Token, and Ox.

Free cryptocurrency with Coinbase Earn.

For example, it is currently possible to earn the following cryptocurrencies for free:

Orchid: Users can earn up to $ 52 OXT by completing a free course designed to teach the basics of this privacy-oriented cryptocurrency.
Tezos: completing a course on Tezos and learning more about its openness, security or development earns $ 6 XTZ
Dai: A similar course-based offer is also available for Dai, who awards attendees $ 20 DAI
Eos: You can earn up to $ 50 worth of EOS by completing a course on this cryptocurrency, and learn more about its goal of facilitating the development of blockchain-based applications;
Stellar Lumens: By completing a quick course on how Stellar connects payment systems, banks and individuals earn $ 50 in Lumens;
Zcash: This cryptocurrency is known for its privacy-focused philosophy, completing the course will guarantee you an undisclosed amount of ZEC tokens;
BAT Token: BAT $ 8 can be earned by reading BAT's vision of staring at the web;
0x: Educating yourself on the idea of ​​the future web based on OX tokens will earn you several ZRX tokens.

Keep in mind that there is a catch in these courses. You must have a Coinbase exchange account, where all tokens will be credited.

Coinbase Earn

Earning cryptocurrencies via Airdrops

Airdrops are one of the simplest and most effective methods of earning additional cryptocurrencies, especially in the form of recently announced tokens. The idea behind the airdrops is quite simple: innovative and recently launched projects choose to hold airdrops as an effective marketing strategy, designed to generate interest in the cryptocurrency community.

Joining a drop is necessarily quite simple. This involves having an Ethereum compatible ERC-20 active wallet, an email address, a Telegram account and, in some cases, a Twitter account.

Once you've met these criteria, you'll need to look for Initial Cryptocurrency Offerings (ICOs), Security Token Offerings (STOs), and Token-Based Startups that have announced an upcoming drop.

Most of these platforms will require you to register, entering your ERC-20 address and your email. For marketing purposes, some drops may require you to follow them on Twitter, or join the Telegram chat group. This ensures that you are up to date and that you are quickly notified of news about the token.

Recently, the KYC and AML regulations have made it mandatory for many airdrops to request identification details. This is due to the money laundering potential associated with these events. Therefore, if you are keen to protect your online privacy, airdrops may not be the best choice for you.

Recently, many wallet providers such as Blockchain.com have started sponsoring airdrops.

In other words, you are notified every time a partner start-up releases a new token, and you can earn the tokens directly in your wallet. Likewise, there are many sites that scour the web for new airdrop events.

Check out the free cryptocurrency bonuses

Bounties are quite similar to airdrops in that they represent free tokens given away by developers of crypto projects. There is one key difference though: bounties usually involve you doing some kind of work in exchange for the token.

Here are the main types of sizes with a brief description for each:

 

Coinbase Earn

 

Bug bounties

Bug bounty campaigns are generally well paid, but are only relevant to people with development skills. Programmers around the world are actively trying to crack the code of online platforms while testing potential bugs.

Companies based on cryptocurrencies and blockchains can organize bug bounty campaigns, in which developers analyze the functionality of the platform and report any bugs.

In the past couple of years, there have been many instances where white hat hackers have discovered significant vulnerabilities or bugs in web platforms. In exchange for this service, and depending on the severity of the vulnerability discovered, companies can offer tens of thousands of dollars in compensation.

Signature campaigns

This marketing strategy is often implemented on forums such as Bitcointalk. In exchange for a monthly premium, forum users add a specific signature, thereby indirectly promoting the products and services of a cryptocurrency company.

Most companies running signature campaigns require forum users to have a higher level of membership, which can be achieved through frequent high-quality posts. In exchange for purchasing the signature space, companies offer a monthly token bonus.

Translations

Cryptocurrency start-ups are always interested in having their content translated into multiple languages. Since many start-ups have a limited budget, a good way to do this is to launch a translation bounty. Here, native users translate specific pieces of text, in exchange for a certain number of tokens.

Social media, images, blog posts and video incentives

We also have other promotional bonuses. Some companies may ask you to write and post a positive article about their services, while others may ask you to edit videos, share posts on social media, or create promotional images.

Based on these aspects, bonuses are a method of earning free tokens, but they involve actual work. Fortunately, the job is generally quite easy (aside from the bonus bug), and can be completed fairly quickly.

The earning potential of affiliate marketing

At this point, most experts define affiliate marketing as the process associated with promoting products and services from various companies, in exchange for a commission on each sale.

A recent study concluded that affiliate spending in the United States could reach $ 6,8 billion by the end of 2021.

Affiliate marketing represents a significant source of revenue for many businesses, especially those operating in the online ecosystem.

Therefore, it makes perfect sense that many cryptocurrency and blockchain-related companies have launched their affiliate marketing campaigns. Joining is simple enough in most cases, you need an account and a custom link, which can be shared across the web.

Any service or product purchased using your affiliate link or referral code will be credited with a percentage of the sale.

Affiliate marketing can make you earn free cryptocurrencies as long as you are active online. This involves sharing the link as part of quality content on a variety of platforms, such as encryption discussion forums, Reddit, YouTube, Facebook, Twitter, Instagram, or your personal blog.

The possibilities are endless. Your success directly depends on the size of your audience and your overall reach online. However, this means that real work has to be done to get that free cryptocurrency. On the other hand, once your links are online, affiliate marketing becomes a lucrative source of passive income, which can be leveraged over a long period of time.

To put things in perspective, here are some cryptocurrency related affiliate campaigns:

Coinbase: If new users sign up using your personalized affiliate link, you are entitled to get 50% of the commissions applied by the exchange platform for all transactions
TREZOR: this platform offers 10% of the net sales made by users who sign up using your referral link
Ledger: This affiliate program promises to credit 12% to 15% of all sales
LocalBitcoins: You can expect to earn 20% of the trading fees associated with every transaction made by referred users
Binance: This exchange platform offers commissions of 20% to 40% on transaction fees.

Please note that these conditions can be changed unilaterally by the website. Therefore, it is always recommended to research the affiliate marketing terms and conditions associated with each of the examples above.

Note that this list is not exhaustive, in fact there are hundreds of affiliate opportunities on the market right now.

It is certainly not unusual for affiliate marketing to become a major income stream, especially when done right. Some have reported earning hundreds of thousands of dollars a month using affiliate marketing strategies.

As we are referring to the digital currency market, your income potential is still subject to the volatility of cryptocurrency prices.

However, this implies that you treat it as a full time job as long as enough of your links are posted on the web.

Some other free cryptocurrency offers

A quick search will likely reveal many other sources of free cryptocurrency. Here are some examples that we consider relevant:

Crypto.com

This crypto debit card company has launched a cash-back scheme that allows users to earn tokens on every purchase they make. Values ​​range from 1% to 5%, but users can also expect different offers on third-party platforms such as Netflix, Spotify, Expedia or Airbnb;

Celsius network

This lending platform allows users to deposit cryptocurrencies and earn interest when other users borrow. It comes as a surefire way to earn passive income using your existing cryptocurrencies;

Wirex

Yet another digital currency card company, Wirex announces a 0,5% bitcoin-based cashback system on all purchases made through the card.

Play with cryptocurrencies

Playing with cryptocurrencies can also be a method of earning free chips, but you have to be very careful if you decide to bet your chips. Keep in mind that most casinos offer cryptocurrency taps, which give out a free chip amount every time a link is clicked (they are programmed against abuse, however this serves as a method of encouraging users to keep playing. ).

If you decide to try your luck at a casino, be sure to choose a platform that is based on a provably fair protocol. Otherwise, you can expose yourself to rigged games that can steal your hard earned cryptocurrencies.

Keep an eye out for scams

Over the past couple of years, the popularity of the cryptocurrency market has grown exponentially. The rise in public awareness was mainly fueled by intense volatility and record prices.

With this in mind, the market is still seen as a get rich scheme. While there is great potential for making money in crypto, this perception has led to many scams designed to rob people of their money.

Whenever you use cryptocurrencies, there are two things to keep in mind: if an offer seems too good to be true, it's probably a scam. You should never risk more than you can afford to lose.

Cyber ​​security practices dictate that you always do a thorough research on any platform or service you decide to use. Likewise, you should never give your personal data or private keys to third parties.

Protection against scams and other forms of fraudulent activity is virtually non-existent, while transactions are irreversible, so caution is essential.

Conclusion

Based on everything highlighted in this guide, most people are just a few clicks away from earning cryptocurrencies.

There are hundreds, if not thousands of offers you can take advantage of, while most involve an insignificant amount of work.

On the other hand, those who are serious about creating a cryptographic income stream will be happy to know that affiliate marketing and bug bounty hunting are very profitable.

 

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