16 Ways to Earn Cryptocurrencies for Free

How to win of crypto currencies free ? Well, it's simple. First, free money is nothing new to savvy consumers. credit card offer sign-up bonuses, bank accounts earn interest, and there are even tools to earn cash back on your online purchases. And now, you can get many of these same perks issued in cryptocurrency instead of credit card points or U.S. dollars.

If you’ve already added cryptocurrency to your investment portfolio, these options offer an extra coin on top of your initial investment. But you need to know exactly how it works before diving in. You also need to be prepared for the added responsibilities that free crypto can require.

While some forms of free crypto, like crypto credit card rewards, are only taxed on the capital gains you earn when you withdraw, others may be considered taxable income when you receive it.

In this article, I will introduce you to some techniques that you can use to earn cryptocurrencies legally. But before we start, here is a protocol that will allow you to build your first internet business. Let's go

1. Purchase Rewards

Lolli, a Google Chrome or Firefox browser extension, offers “ Bitcoin Back » when you make purchases from its shopping partners. This works similarly to browser extensions like Rakuten or Honey that offer discounts and cashback when you use the portal or extension to make online purchases.

Like those programs, Lolli rewards you for regular spending like you normally would when shopping online, not for shopping with crypto. The rewards range from 1% to 30% of Bitcoin in return, depending on the retailer and product. Your rewards will go into your Lolli account, and then you can transfer them to your crypto wallet or exchange account.

2. Credit cards

A cryptocurrency credit card works similarly to other rewards credit cards. But instead of earning cash or points every time you swipe, you'll earn cryptocurrency.

While we love simple cashback rewards (and you can still buy crypto with your cashback earnings), these cards can help you round out your crypto portfolio more seamlessly. Gemini and other exchanges have announced plans for cryptocurrency rewards credit cards. The rewards categories on these cards are similar to many traditional cashback credit cards.

The BlockFi credit card, for example, gain 1,5% in Bitcoin on every purchase you make, after gained 3,5% during the first 90 days after account opening.

In addition to varying rewards rates, each of these cards offers different redemption values. The Gemini card will let you choose which crypto to redeem rewards in, while BlockFi earns Bitcoin rewards, and others limit your rewards to only certain altcoins. As with any credit card, the rewards you earn with these cards are only valuable if you avoid their high interest rates.

3. Look for Exchange sign-up and referral bonuses

Some cryptocurrency exchanges offer sign-up or referral bonuses for using their services. A previous Coinbase sign-up bonus offered $ 5 new users to invest in crypto, for example, and the exchange is currently offering a $10 bonus to you and your referral when they create an account and trade at least $ 100.

Be sure to pay attention to the terms and conditions of these bonuses. You may need to provide more personal information or take other actions to claim these rewards.

Most of these offers aren't lucrative enough to justify signing up to a whole new exchange if you already have an account, but if you're a beginner, keep an eye on the exchanges you're considering to see if they offer a sign-up bonus or referral for other friends who might be interested.

4. Earn on Coinbase

Popular cryptocurrency exchange Coinbase is offering incentives for using the platform’s learning hub. To get the free change, you’ll need to watch Coinbase videos, take quizzes, and then Coinbase will deposit a small amount of crypto into your wallet.

The content is usually focused on a specific altcoin (like GRT and BOND) and therefore, these are the coins you will earn by following the lessons. Since altcoins are generally not recommended for long-term investments, you can convert these lesser-known coins to Bitcoin or Ethereum once you earn them.

But don’t forget to keep track of these transactions, as every crypto-to-crypto transaction is taxable. Additionally, you must track the price value of all your earnings through Coinbase Earn. If you earn over $600 through the program, Coinbase will send you a form, which you can use to report your earnings. You will need to have a funded Coinbase account, live in an eligible country. You also need to verify all your personal information to start earning with Coinbase Earn.

5. Earn interest on your Bitcoin

A few crypto exchanges allow you to earn interest on your cryptocurrency holdings. Gemini Earn, for example, is a lending program where you lend your crypto to institutional borrowers and can earn up to 7,4% APY. BlockFi has a similar offering, the BlockFi Interest Account, which accrues interest up to 7,5%.

Lending your crypto to these institutions can add even more risk to the built-in risk of cryptocurrency. So make sure you read the terms carefully before signing up and don't lend more than you can afford to lose. You can also earn interest by betting on certain crypto exchanges, like Binance.US. Staking means leaving cryptocurrency in your wallet to earn rewards or interest.

By doing so, you help maintain the blockchain network. You can typically only stake certain coins within an exchange, which may require purchasing riskier altcoins to reap the benefits.

The interest you earn on your crypto as well as the income from staking are both taxable and it is your responsibility to report them as income. If you choose to participate, you will need to track the cost basis of your income throughout the year to include it on your tax return.

6. Become an Affiliate Marketer

Affiliate marketing offers another method for the average person and business to earn free cryptocurrency online. If you have an online following, you can generate additional income by asking your friends and followers to do business with companies that are willing to reward you for referring new customers in their direction.

Your subscribers click on a unique URL that the merchant will give you when you join their affiliate program or referral. This URL will track all purchases made by your network and credit your account with the rewards. The commission per sale differs from merchant to merchant, but if you have a large readership, an affiliate program can provide you with a significant income stream. A popular Bitcoin affiliate program is the one offered by Coinbase, arguably the largest exchange for buying and selling Bitcoin in North America.

Article to read: How to Create a TokenPocket Wallet

7. Earn cryptocurrencies by surfing with the cryptoTab browser

CryptoTab is a unique web browser that allows its users to passively generate cryptocurrency income while they browse the Internet. This innovative solution leverages background bitcoin mining technology to remunerate Internet users.

The principle of operation is simple: when the user is logged in and browsing normally with cryptoTab, the browser uses part of the device's computing power to perform bitcoin mining operations. In return, users regularly receive bitcoin rewards, without having to make any particular investment or effort.

One of the main advantages of cryptoTab is its ease of use. Once installed, the browser launches automatically when the computer starts and continues to mine cryptocurrencies in the background, without slowing down the device's performance. Users can thus passively generate additional income while browsing the web normally.

In addition, cryptoTab offers sharing and invitation options that help increase your earnings. By inviting your friends and acquaintances to use the browser, the user can benefit from a percentage of the revenue generated by its affiliate network.

8. Earn cryptos with staking

Staking is a consensus mechanism used by some cryptocurrencies to validate transactions on their network. It offers holders of these cryptocurrencies an opportunity to generate passive income by betting (or "staking") their assets. The principle is as follows: users deposit their cryptocurrencies on a "staking wallet" and thus participate in the validation of transactions. In exchange, they receive rewards in the form of new units of the cryptocurrency concerned.

Rates of return can vary significantly depending on the cryptocurrency, but are generally around between 5% and 15% annually. Some rarer coins can even offer higher returns. Unlike cryptocurrency mining, staking does not require investing in expensive hardware. Users can simply use their online wallet or a "node" (server) dedicated to participate in the validation process.

Some of the most well-known cryptocurrencies that use staking include Ethereum 2.0, Cosmos, Tezos, and Polkadot. Each has its own specificities in terms of technical requirements, return rates, and fund lock-up periods. Staking has several advantages over mining:

• Lower initial investment
• Reduced energy consumption
• Better network decentralization
• More stable and predictable income

However, it also involves risks, particularly linked to the volatility of cryptocurrencies and the possibility of losing funds in the event of misconfiguration or problems on the network. Learn more about staking cryptocurrencies.

9. Go through “Bitcoin Faucets” to earn cryptocurrencies

Bitcoin Faucets are websites or apps that reward users with small amounts of cryptocurrencies, primarily Bitcoin, in exchange for various simple actions. The goal of these "bitcoin taps" is to attract new users into the cryptocurrency ecosystem.

The typical operation of a Bitcoin Faucet is as follows: the user must perform a basic task, such as solving a captcha, watching an ad, or clicking on a link. In return, the Faucet then transfers a very small amount of bitcoins, usually a few satoshis (a satoshi is equal to one hundred millionth of a bitcoin).

Although the amounts earned may seem insignificant, the interest of Bitcoin Faucets lies in the possibility of gradually accumulating them. Some diligent users manage to collect larger sums by carrying out these small tasks regularly.

Additionally, many Faucets offer affiliate programs that allow you to earn commissions on the earnings of recruited users. This provides an additional incentive to share and spread the word about these platforms.

10. Play mobile games

There are so many online games that reward small amounts of Bitcoin as prizes. It works similarly to Bitcoin faucets. Bitcoin rewards encourage users to play games and view ads. Therefore, gaming has become a great source for advertisers to reach people by offering Bitcoin prizes. However, the reward amount tends to be very low. I have written a comprehensive guide that can help you earn money by playing.

11. The Binance Referral Program

Affiliate programs are widely available in the cryptocurrency industry. For example, you can refer a friend to a service. Then you both get a discount, accumulate reward points or get a bonus BTC and fiat currency.

For example, you can earn free Bitcoin by applying to the Binance Bitcoin referral program. You can refer your friends and earn 20% when they make a transaction. Your friend also benefits of a 20% discount. On the Binance website, all payments are made in BTC and other altcoins. You can withdraw this amount to your account using Binance P2P. The very first thing to do is to create an account on Binance.

12. Bitcoin Mining

Cryptocurrency mining involves using the computing power of a computer or dedicated equipment to solve complex cryptographic problems. In exchange for this activity of validating transactions on the network, miners are rewarded in cryptocurrencies.

To start mining, you must first choose the cryptocurrency you want to mine. The most popular are Bitcoin and Ethereum, but there are many other alternatives such as Litecoin, Monero or Zcash. Each cryptocurrency has its own technical specificities that must be taken into account.

Next, you need to obtain high-performance mining hardware, such as high-end graphics cards or dedicated ASICs (Application-Specific Integrated Circuits). The higher the computing power, the greater the chances of winning cryptocurrencies.

It is also possible to join a mining pool, where several miners pool their resources to increase their chances of validating blocks and sharing the rewards. This helps smooth out the income and make it more regular. Relax, I wrote a simple and complete guide on how to earn crypto through mining right now.

13. Donations

You can earn Bitcoin instantly through donations. However, it is not easy as you need to work hard for it. First of all, you need a website and you can ask for Bitcoin donations on your website using a wallet address and QR code.

14. Blockchain-based social networks

In recent years, several decentralized social media platforms, built on blockchain technology, have emerged. Their goal is to offer an alternative to traditional models by giving greater control and income to users. On these blockchain social networks, users can earn cryptocurrencies in several ways:

1. Creative content: Users are rewarded in cryptocurrencies when they publish content (texts, images, videos) that generates engagement (likes, shares, comments) from the community.
2. Social interactions: Simply by interacting with other users (liking, commenting, sharing), members can accumulate cryptocurrencies.
3. Referral programs: Many platforms offer financial incentives to users who invite new members to join them.
4. Microtasks: Some blockchain social networks pay users for completing small tasks, such as solving captchas or watching advertising.

Among the best-known blockchain social networks, we can cite Steemit, Minds, Hive and Brave. Each has its own rewards mechanisms, native cryptocurrencies and communities.

The advantage of these platforms is that they allow users to monetize their activity and engagement directly, without going through a centralized intermediary. The cryptocurrencies earned can then be withdrawn or exchanged on marketplaces.

15. Writing and Research Information Products

Some cryptocurrency blogs, news outlets, and forums will pay you in the form of cryptocurrencies to contribute your ideas and write for them. However, you need to have a good knowledge of the industry. You can find various article writing jobs for various crypto blogs and media outlets on job sites like Coinality.

For example, Cryptocurrency forums like Bitcointalk offer their established members monetization opportunities. It allows businesses to advertise their product or service in the signature of their posts.

16. Use Bitcoin Earning Sites

Freebitcoin.io. This earning site is one of the oldest and most favorite BTC faucets. You will get up to $200 worth of free Bitcoins every hour by clicking the reel button.

You can earn a few Satoshi (the smallest unit of Bitcoin) with each roll, and you can roll every hour. Cointiply. Cointiply is a Bitcoin rewards website that offers tasks that anyone can do. For each task completed, you will accumulate Bitcoin. It is a completely free website, and once you sign up, you can find many quizzes, surveys, and other tasks that are appropriate for your age and location.

CoinEarn. This website is not a Bitcoin faucet, but you can earn up to 167 USD by learning about specific expert answers. This is the easiest way to earn free cryptocurrencies. Blockreward.app. This Bitcoin earning site allows you to earn Bitcoins when you shop, play games, try new products, or share your opinions. This site also allows you to redeem crypto rewards directly into your Uphold wallet.

For every new user you refer, you and your friend are both rewarded with up to $2 crypto free for each sponsorship.

In conclusion

Buying Bitcoin is a great long-term investment. But if you are not able to buy as much Bitcoin as you want, you can always earn extra Bitcoin for free online. Not many people know that free Bitcoin is right at your fingertips.

In fact, there are several ways to earn free Bitcoins online. You can join shopping rewards programs, become an affiliate marketer, and even get paid to mine Bitcoin without any specialized hardware. You don't have to try all methods at once.