Ways To Earn Free Cryptocurrency in 2024
Want to jump straight to the answer? The best cryptocurrency brokers for traders are Coinbase and Gemini
The #1 Forex Trading Course is Asia Forex Mentor
Digital currencies have taken the entire world by storm. Millions of people have started developing huge portfolios in the crypto world. This includes individuals, traders, brokers, corporations, and digital currency exchanges. In the quest to promote the industry, these entities offer exciting chances to earn free bitcoin and other digital currencies.
If you are a crypto enthusiast or a beginner then this article is all about those questions that are in your mind about way to earn free crypto earnings. This includes the top 7 ways that can help you to earn cryptocurrency and know the best digital currency exchanges along with expert answers to most of your general queries regarding how to earn free cryptocurrencies.
7 Ways to Earn Free Cryptocurrency: Best Platforms that gives free Crypto
#1. Coinbase Earn
Coinbase has got an entire encyclopedia of cryptocurrency and offers the world to learn and earn crypto through Coinbase Earn. For those who have just started their crypto journey, Coinbase is an all-in-one place. The best part is that Coinbase is already a reliable platform within the global crypto space so users do not have to worry about getting into any kind of scam or fraud.
It’s a legit way for those who want to get free rewards for taking interest in the crypto space. Users have to register themselves on the website, watch videos, complete quizzes, and earn crypto. With more than 56 million users worldwide, Coinbase has already become the world’s largest cryptocurrency exchange by operating in 100+ countries.
Coinbase Earn is a great way to explore how specific digital currencies work. From Crypto Basics, tips, and tutorials to guides and videos, it has got a lot of content about digital currencies. It offers a wide range of courses for specific cryptocurrencies like Amp, Stellar Lumens, The Graph, Enzyme, Compound, and several others in the crypto market.
#2. Freecash
Among today’s most renowned and trusted platforms to earn free cryptocurrency, Freecash appears to be worth mentioning. For all those people who are looking for an easy and reliable source of passive income, it is one of the best crypto faucets to choose from. All they need is to collect as many coins as possible that are converted into cryptocurrency.
Freecash allows users to earn $1.00 (amount users get against earning 1000 coins on any task) per 5 to 10 minutes of required activity. The user is required to sign up, pick a task, complete it, and earn cryptocurrency. It is also evident that various users are making huge stacks of money. These stats can easily be accessed by visiting the leaderboard page of its website.
Freecash encourages people to start earning passive income by completing exciting tasks such as playing games, filling out unique surveys, watching ads, etc. Every user gets access to a dedicated account and dashboard where they can see real-time stats, current tasks, current earnings, account analytics, and many other features.
#3. Staking Cryptocurrency (Coinbase & Gemini)
In addition to the most famous and reliable platforms that offer users to earn free digital currency, there are some expert ways to earn free crypto and make additional earnings in the crypto space.
It is a unique and worthwhile strategy that enables users to earn some amount of interest for holding specific digital currencies. Technically it encompasses the concept of committing virtual currency assets to assist a blockchain network and confirm transactions.
To stake cryptocurrency, only those digital currencies can be utilized that use the proof-of-stake model. Those who own such crypto coins can choose the currency that they want to hold and earn rewards which can be easily done through several famous cryptocurrency exchanges like Coinbase and Gemini.
This means whenever a new block has been added to the blockchain, new coins are minted and staking rewards are given to the validators (trader becomes a crypto validator) who pledged the exchange to hold their crypto for staking.
The more coins are pledged by the validator, the more will be the chances to become a validator and earn attractive rewards. In most cases, crypto traders combine their assets into a pool and pursue cryptocurrency staking to increase their chances of being chosen as a validator who could then earn real money for holding a certain digital currency. For many, staking is the best, easiest, and guaranteed way to earn interest for their cryptocurrency holdings.
#4. Crypto.com Cash Back
Crypto.com is one of the world’s most renowned cryptocurrency exchanges and serves more than 10 million users globally. It ranks among a few of the fastest-growing virtual currency trading platforms. With respect to earning free cryptocurrency, the case is a bit different when it comes to Crypto.com because it is about CRO cashback titled “Pay Rewards”.
Crypto.com is widely known for its unique cashback offers that its users from all over the world enjoy. Basically, the exchange offers its own Visa Card, and making purchases through it brings unbelievable cash backs on purchasing mobile airtime, gift cards, entertainment subscriptions, and sharing CROs with friends.
The cashback terms are quite simple and easy to ensure. Users with an active deposit term of 10,000 CRO for three months in Crypto Earn and those who have staked 10,000 CRO in their Crypto.com mobile app or Crypto.com exchange are eligible for these cashback. From Food, Grocery, Fashion, Entertainment, and Games to Hotels, Airlines, Financial Services, and many other segments are covered under this program.
#5. Celsius Network Sign Up Bonus
Celsius is just another digital currency and stands among a few of the preferred options for many traders. And the Celsius Network is the world’s most famous block-chain based marketplace that offers a range of unique financial services.
For those who are interested in earning free cryptocurrency, it has got amazing opportunities like sign-up bonuses, referral programs, and promo code rewards. It is often called the most reliable and transparent crypto lending platform.
Users of the Celsius Network can use these different types of codes with different activities such as introducing someone to the network, making transfers to other members, and on sign-ups. Celsius users can get free signup bonuses of $50 through the referral link.
This works in a pretty simple manner as it requires the new user to get registered, use the referral code during the process before KYC verification, deposit crypto of $400 worth to the Celsius wallet, hold it for 30 days, and get referral bonuses.
The Celsius Network Sign Up Bonus stands distinguished because there are no hidden policies and upon reaching a total balance of $400, both users get rewarded with $50 worth of Bitcoin. Celsius Network is famous among the majority of crypto borrowers and lenders. It offers cash loans against cryptos, earn cryptos for staking, chances to get free services, exclusive insurance, and many other features.
#6. BlockFi Savings Account
BlockFi is known as a cryptocurrency custodian. Along with trading of limited digital currencies like Bitcoin, Ethereum, Litecoin, USD Coin, Gemini dollar, Solana, and many others. it allows its users to get USD loans against digital currencies. It is based in Jersey City, New Jersey and offers a great opportunity to earn interest for holding cryptocurrencies.
BlockFi Savings Account or BlockFi Interest Account (BIA) provides great yields to those who keep their digital currencies with it. It is quite easy and simple to understand as it works almost similar to any traditional savings bank account by providing asset owners with compound crypto interest on their savings.
BlockFi Savings Accounts offer three Tiers categorized based on the amount of cryptocurrency with a rate of 5%, 1.5%, and O.25% APY. Those who want to earn interest by saving their digital currency with BlockFi Interest Account can find the latest rates and terms on its website. Payments are made on the last business day of each month and are prorated based.
Due to the recent legal implications and the government’s changing policies, BlockFi Interest Accounts are not available to new users in the United States. Along with that, those who have existing accounts are not able to make any transactions. Other than that, these saving accounts are pretty famous among many crypto investors on a global scale.
#7. Coin Hunt World
Coin Hunt World is one of today’s most famous play-to-earn mobile games that allows players to earn cryptocurrencies while they make progress in the game. Several other similar games have been launched around the world but this game stands apart from others with its exciting gameplay and irresistible rewards that come in the form of real digital currency.
The game has over 100,000 active users as of February 2022 and attracting more gaming fans day by day. In this game, players are engaged in collecting keys to open the blue vaults. After opening it, the players are asked to answer a trivia question and on the right answers, they get instant rewards. The best part is that currently all rewards are given in Bitcoin and Ethereum.
Among the list of those games that allow users to earn free crypto, Coin Hunt World is one of the best play-to-earn bitcoin because the rewards are quite considerable. Other than collecting keys and opening vaults, for each correct answer, the player can win $0.10 to $100 worth of cryptocurrency, based on the rarity of the blue vault.
The game also provides the opportunity to earn even more through its referral program. The game is currently available in the United States and Canada and can be downloaded from the app stores on iOS and Android.
Best Brokers where you can Buy, Sell, or Trade Cryptocurrency
#1. Coinbase
Coinbase is a US-based cryptocurrency exchange platform to buy and sell digital currencies. It was founded by Brian Armstrong and Fred Ehrsam in 2012. Based on its expansive quarterly trading volume of $547B and over 89M verified users, it is considered the largest digital currency exchange in the United States. The majority of crypto traders prefer Coinbase because it features secure offline storage to its crypto wallet holders, insurance coverage by FDIC, and follows the industry’s best practices.
Coinbase is an all-in-one place to explore, learn, and trade cryptocurrencies. It provided a professional asset trading platform “Coinbase Pro” to retail investors and Coinbase Prime to institutional investors. For crypto enthusiasts who want to learn more about digital currencies, it also offers a learn and earn program Coinbase Earn which covers dozens of cryptocurrencies.
Coinbase offers the most competitive service fees to retail traders and reduced pricing for Coinbase Pro members who are mostly institutional traders. It provides real-time market data, trends, and insights that help traders buy crypto carefully.
#2. Gemini
Gemini is also one of the most renowned and reliable crypto exchanges. It is part of the New York Trust and is regulated by the New York State Department of Financial Services. It allows users to trade digital currencies and fiat currencies in an open market and supports bank transactions. Gemini also owns Nifty Gateway which is the world’s largest NFT marketplace. From a new cryptocurrency to those with a strong market cap, Gemini covers the majority of in-demand digital currencies.
For beginners, Gemini also features a learning hub to explore and gain knowledge about cryptocurrencies. It also offers some great value additions like Gemini Earn, Gemini Pay, and Gemini Wallet that allow people to earn bitcoin and other digital currencies, trade, exchange, and store them securely. The exchange is available in all U.S. states and offers up to 8.05% APY on your cryptocurrency staking.
Although Gemini has been criticized by many for its increased fees it has also managed to offer user-friendly and flexible terms. In addition to that, all the users are provided with the benefit of “no account minimum”. In addition to that, users can also join its ActiveTrader service to enjoy reduced fees and other gains. The exchange uses cold storage system to ensure maximum safety and security of the deposited assets.
#3. Crypto.com
Founded in 2016, Crypto.com is one of the world’s most renowned platforms for trading crypto as it has more than 10 million active users all over the world. It is headquartered in Singapore and is considered among a few of the most reliable places to build a successful crypto investment portfolio. It covers the majority of digital currencies, provides a secure wallet, easy-to-use online trading portal, learning resources, gives considerable returns, and charges reduced fees.
Crypto.com is also known for covering the largest number of cryptocurrencies which is almost 250 till present. Traders can receive rewards of up to 14.5% interest on trading and maintaining their portfolio with the platform and enjoy an insurance coverage of $750M. It supports all major payment methods which include bank transfers and credit/debit card transfers. With its DeFi Earn program, it has gained huge fame as it offers no lock-up period and steady returns.
Similar to other exchanges, Crypto.com also provides its users with unique financial services which include instant crypto loans. Users can borrow up to 50% of their crypto collateral which makes it possible for them to better monetize their crypto assets. For advanced traders, Crypto.com is the best place as it offers distinguished options for trading with 10x leverage and even 50x leverage. It also features a newly introduced NFT marketplace to buy, sell, and present NFTs.
#4. Binance
Binance is the world’s largest cryptocurrency trading platform compared to others based on its high trading volume. It allows to buy and sell over 500 commonly traded cryptocurrencies and is considered the most reliable crypto trading platform. With a strong focus on altcoin trading, the exchange has gained huge fame, especially in Asia.
The exchange is known for having no fees on funds deposits and charges minimal fees on withdrawals depending upon the crypto and its amount. With a huge market cap of $61 million, Binance has a whopping average daily volume of $2 Billion. It also features referral programs, affiliate programs, token launch programs, liquidity farming, and multiple types of cryptocurrency trading.
Binance offers incomparable staking returns to the investors and charges even minimal trading fees. According to credible sources, the exchange processes almost 1.4 million orders per second and has much higher liquidity compared to other big digital currency exchanges. It allows crypto-to-crypto trading of more than 50 cryptocurrencies and a secure wallet with a total of $500,000 insurance.
#5. FXCC
FXCC is an investment service in Cyprus that is known as a leading STP/ECN broker. It specializes in Forex, CFDs, Cryptocurrency, and Energies allowing traders to invest, buy, and sell 120+ tradable Assets.
Founded in 2010, FXCC aims to provide investors and traders with a unique manipulation-free trading platform for forex trading. Its customer-centric approach, no conflict-of-interest policy, reduced trading costs, and secure MT4 Platform attracts many people globally.
Along with a total of 46 currency pairs, it also allows trading Gold, Silver, and Indices with tight spreads. With a minimum deposit of $100 in the ECN Standard Account and ECN Advanced Account, traders can start their activity on three base currencies that are EUR, USD, and GBP. Every registered member at FXCC also gets access to trading tools and forex education material that are helpful for beginners. The most highlighted benefits of trading on this platform are minimal spreads, good leverage, and no stop-loss hunting.
Along with all this, its 100% First Deposit Bonus is also one of the most highlighted elements as other forex and crypto exchanges do not offer such a reward. This allows crypto traders to witness a multiplied return on their assets. FXCC’s MT4 platform is available on the web as well as on iOS and Android platforms which brings an added level of ease and convenience to its users.
#6. Tradier Brokerage
Tradier Brokerage is a highly distinguished online brokerage service that offers a personalized trading platform with a wide-ranging list of third-party modules. It is unique from other exchanges as it allows the user to make their custom version of Tradier with different tools, capabilities, and charting packages. It is not highly recommended for beginners but experienced traders can make the most out of its flexible policies and framework.
Tradier Brokerage is a FINRA-registered trading platform and has been in the industry since 2012. For now, it does not offer cryptocurrency trading or any other type of financial services related to crypto. Although for forex traders, the good news is that it offers relatively reduced prices with $0 fees for beginner accounts.
Another great thing about Tradier Brokerage is that it incorporates the use of APIs which allow its users to trade on multiple platforms like Orion Multi Trader, 1Option, Esignal, Eva, Stockstotrade, and others.
Users can access this platform on the web and mobile while getting round-the-clock support from its experts. Compared to other top exchanges, it falls a bit behind others but is still making considerable progress in attracting new users.
#7. Interactive Brokers
Interactive Brokers (IBKR) is a well-known US-Based multinational brokerage firm that has the largest digital trading platform in the country. The platform was previously dealing in stocks, bonds, options, and funds, but has recently announced to allow its users with cryptocurrency trading.
It was founded in 1978 and as of 2020, it generated more than $.2.1b of revenue. Similar to other platforms, Interactive Brokers also provided value-added features like global access, lower costs, strong security, and education.
With respect to cryptocurrencies, IBKR charges a minimal commission of 0.12% to 0.18% of trade value. It sources trade execution and custody from Paxos Trust Company. Along with that, there are no additional markups, spreads, and fees.
It is surprising for many traders that IBKR is charging the lowest fees compared to Coinbase Pro, Gemini ActiveTrader, Webull, and SOFI. Currently, traders can only deal in four digital currencies namely Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Cryptocurrency Trading Pros and Cons
Pros
- Cryptocurrency trading works in a highly secure, safe, and transparent environment.
- Digital currencies can be traded instantly and are available to access round the clock.
- Absolute anonymity makes cryptocurrency trading stand out from other trading options.
- Higher compound interest returns for holding cryptocurrency compared to fiat currency.
Cons
- There are unpredictable market fluctuations but technical market analysis helps a lot.
- There is a lack of knowledge in those who are not tech-savvy but it can be easily adopted.
Conclusion
From buying and selling to staking and investing, everyone within the crypto space is struggling to unleash the real potential within these digital currencies. Not only individual investors and traders but a considerable density of companies and institutes are also taking part in this whole new marketplace.
While taking a deeper dive into the industry, it is also evident that there are many well-established crypto exchanges, trading platforms, and brokerage services that cater to this new form of trading at their fullest.
Whether it is about ensuring maximum safety, security, confidentiality, and privacy or higher returns, flexible policies, huge rewards, and skyrocketing returns, cryptocurrency trading has made strong foundations and appears to continue booming in the future.
If we talk about its credibility, strength, and acceptance, it is evident that most of the digital currencies now represent the market cap of millions which highlights the industry’s thriving future and swift socio-economic acceptance.
It is also true that the industry is facing considerable criticism in terms of, environmental concerns for bitcoin mining, KYC verification, AML regulations, and stopping the use of cryptocurrencies for unlawful activities. But at the same time, industry experts, key stakeholders, governments, and authorities are working to resolve the issue.
What’s more interesting is that most of the token companies and industry stakeholders are spending huge sums of money on marketing, promotional, and educational purposes to attract as many traders as possible.
Ways To Earn Free Cryptocurrency FAQs
How do I claim the free crypto earned by playing games?
Earning free cryptocurrencies through unique ways that require users to play free mobile games is not just an exciting idea but it works. By giving away free pre coins to play games, all the methods that are reliable to easily claim referral bonuses and achieved crypto assets.
Earning crypto and claiming it is pretty much easy and simple. In most cases, users who earn crypto are allowed to withdraw it directly to their trusted crypto wallet address from where they could buy more crypto or withdraw them as free money in their traditional bank account.
Most play-to-earn games that allow earning free bitcoin or any other crypto follow a similar claim methodology but this free crypto can also be used to purchase in-game tools, avatars, and special features.
All the games that offer free cryptocurrencies process their payments on a weekly and monthly basis. This makes it more attractive and engaging for the gamers to take an interest in and earn crypto.
Is it safe to participate in “earn free crypto” schemes?
It is indeed true that there are countless ways to earn free crypto and new free crypto schemes keep on coming into the crypto market. But it is highly important to stay aware of fraudsters and scammers in the crypto market such as those apps that require watching ads and sharing ad revenue in the form of free crypto but it never happens.
Earning free crypto looks easier but it can be a huge loss if you become part of anything that costs big money and fail to give free crypto. While taking a look at the different ways to earn free crypto, it is quite clear that the crypto market is also full of those crypto faucets that fool people.
From crypto exchange signup bonuses, referral link bonuses, and earning as many coins as possible through top crypto projects and play-to-earn free crypto games, it is safe to make free crypto earnings from trusted sources in the crypto world.
By choosing unique ways like playing free mobile games and using a decentralized search engine to earn free crypto, people can own money by converting them in cash from their crypto wallet on the bitcoin network or any other crypto network. It is also noticeable that there are no additional or hidden charges to claim or redeem the free crypto.
What is the safest way to earn free crypto?
Those who want to earn cryptocurrency should know that the crypto world is constantly evolving. For example, the Bitcoin network and others are considered safe but not all those sources that offer to earn free crypto, therefore it is important to carefully choose the ways to earn free cryptocurrencies as follows:
Crypto platforms offer exclusive signup bonuses in the form of free crypto. This is the best way to earn cryptocurrency. These rewards can be added to the wallet address of the user. Along with that, Crypto Airdrop is also a safe way to earn free crypto as users do not need to share private keys. Crypto Airdrop helps token makers to boost the visibility of new digital currencies by depositing small amounts into active members’ crypto wallets.
In addition to that, using the Brave Browser to access brave rewards is also one of the safest ways in this regard. In this way, one could safely earn exclusive rewards that can be converted into free basic attention tokens or free bat coins.
Last but not least, those users who are active on Twitter accounts and famous online crypto communities like discord, then they can also find potential prospects other than friends and family members who want to join the crypto market. That’s exactly where the user can use referral links to earn free crypto. It is also one of the most valid and reliable options for earning free crypto.
