Earn Free Crypto: 19 Fast Ways to Earn Free Crypto

Earning a decent income with cryptocurrencies is no longer news. Cryptocurrencies are becoming very popular today due to their decentralized nature. We have curated a comprehensive list of the 19 fastest ways to earn free crypto.

Further, the reason for cryptocurrency's growing popularity is the facilitation of fast online payments through smart devices, which is unlike cash or bank transfers, instant and direct transaction settlements, and its scarcity. Not just that, its value has increased over the years, making it a hugely sought-after asset.

Additionally, you own the digital coins in your crypto wallet and have total control of them. Only someone who has access to your crypto wallet's private key can access, spend, or transfer the cash.

So, many people are now looking for ways to get free crypto assets and profit from them. In this article  (Earn Free Crypto: 19 Fast Ways To Earn Free Crypto), we will explain how to earn both free crypto and bitcoin, what cryptocurrencies are, and the different ways you can earn them.

What is Bitcoin, and How Does It Work?

Bitcoin is a form of digital currency, otherwise known as virtual currency or cryptocurrency, that is not controlled by any bank or government.

Bitcoin depends on cryptography and peer-to-peer apps and software. Bitcoin is a form of money that exists only in the digital realm. All bitcoin transactions and copies of these transactions are recorded in the blockchain, a public ledger that holds all bitcoin transactions.

Bitcoin is akin to a digital form of cash. In the meantime, you can use it to buy goods and services in some stores that accept bitcoin, but it isn't widely accepted in every country. Countries like China, Bolivia, Iran, Vietnam, and Colombia have banned cryptocurrency.

A 'digital wallet' app on a smartphone or computer stores each Bitcoin as a computer file.

To further understand how bitcoin works, some terms are necessary to explain the concept of bitcoin.

Blockchain: To prevent fraud, the open-source code known as blockchain powers Bitcoin. This provides a unified public history of transactions organized into "blocks" that are "chained" together.

All transactions in the Bitcoin network are recorded in this way so that every Bitcoin user knows exactly who owns what.

If you'd like, you can receive Bitcoins (or a portion of one) from others. Every transaction is recorded in a public ledger known as the blockchain.

There is a way for you to keep an eye on all of your Bitcoins and prevent people from spending them, making copies of them, or undoing transactions.

You can store your Bitcoin in digital wallets that are only accessible from client software or online hardware tools. When making a transaction, you usually use a private key to prove that you own the digital assets.

Now you understand what Bitcoin is and how it works. So, how do you make money off Bitcoin and other cryptocurrencies?

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How Can You Earn Free Crypto (Bitcoin)?

There are different methods of earning crypto discussed in this article. "Bitcoin" will be used in tandem with other "cryptocurrencies"

Leveraging the crypto exchange market, you can invest, trade, and exchange Bitcoin and other cryptocurrencies. Investing in Bitcoin is like investing in gold on the stock market.

You can also earn Bitcoins through Bitcoin mining. Bitcoin miners are paid with transaction fees and newly created crypto tokens. The bitcoin network is maintained, and new coins are created through mining.

Mining bitcoin or collecting bitcoin incentives via sender fees is a more hands-on approach to earning free crypto than other ways of earning free crypto.

Is it Possible to Earn Free Crypto?

Yes, it's possible to earn free cryptocurrencies. And even easier than you think. But is it possible to make a significant amount from it? Not quite. This article highlights some of the legitimate and fast ways to earn free crypto.

Before participating in any free crypto-earning opportunity, be sure you've done your homework. Scammers love to take advantage of promises of free BTC or free crypto.

Never accept an unsolicited offer for free crypto or sign up to any cryptocurrency website or exchange without first investigating the safety and security of such a free offer or doing your own research.

19 Ways to Start Earning Free Crypto

1. Staking Crypto Tokens

This method is number one of our 19 fast ways to earn free crypto tokens or bitcoins.

Staking is an excellent technique to increase your profits. Many cryptocurrencies, particularly newer ones, use a methodology known as proof of stake to validate transactions.

If you are a crypto investor, you can stake it on exchanges like Gemini Exchange, Kraken Exchange, Binance, or Nexo to earn free crypto fast. That is, they allow the blockchain to utilize their cryptocurrency to validate transactions.

Staking participants receive rewards for staking crypto in exchange for the amount staked.

You may think of it as earning interest on your savings account.

The key difference is that, whereas bank account interest rates are typically relatively modest, crypto staking may often earn you 10% or more.

Staking, like almost everything else linked to cryptocurrency, might be perplexing at first.

It's simpler than you think, and you can always "unstake" your cryptocurrency if you wish to exchange it later. Once you understand how to stake cryptocurrency, you may begin making passive money from it.

2. HODLing Crypto

This may not be the fastest way to earn free crypto tokens, but it is one of the surest ways to earn free crypto. The term “HODL” was a typographical error in a forum but became a popular trading method. It signifies "Hold On for Dear Life." Before HODLing crypto tokens, it's critical to check out their worth and proceed from there.

Most cryptocurrency experts recommend HODLing when it comes to investing and earning free crypto.

This technique entails purchasing and holding a coin in a cryptocurrency exchange or your crypto wallets like Trust wallet, Nano wallet, and other trusted crypto wallets before selling it for a profit later. It's one of the most beginner-friendly crypto investing strategies and ways of earning free crypto tokens.

First, you'll need a crypto wallet. Then, you can buy Bitcoin or any other well-researched cryptocurrency of your choice in the hopes that the price will rise in the future, regardless of how long it takes. This might be months or years before you get to make some profit from your investment.

To earn free crypto through HODLing, make sure you buy from a good exchange like Binance, Gemini Exchange, Kraken or other well-known and trusted cryptocurrency exchanges.

Then, you transfer to a secure wallet and keep your seed phrase to avoid theft.

Due to the volatility of cryptocurrency assets, you may make money faster or longer than you think, depending on crypto market moves. Also, ensure to research your tokens before buying and buy during dips to make the most out of your crypto investment.

3. Trade Cryptocurrencies

Crypto trading is the fast-paced version of HODLing. Here, you are taking advantage of the token's high volatility. This strategy requires lots of practice and an in-depth understanding of the crypto market. Make sure to do your research before attempting it.

Here are a few Bitcoin trading tactics you may use to make money:

Crypto Day Trading:

This day trading is one of the 19 Fast Ways To Earn Free Crypto.

Day trading uses short and rapid transactions that yield small Bitcoin rewards. Because day traders don't keep open positions overnight, this strategy requires studying the market and looking for modest profit possibilities. Day traders can have a significant cumulative gain at the end of the session.

Below are some of the strategies to earn free crypto through day trading:

Learn how to understand charts.

Price action, the approach used by the majority of expert traders, is one of the finest ways to master this day trading. Once you've learned how to read the charts, you'll understand why the market is moving up, down, or sideways, and you'll know which approach to employ in that direction.

Trade with a proven trading strategy or a mixture of strategies.

A proven strategy is one that has been thoroughly back-tested and demonstrated to work consistently. Only in this manner will you have the confidence to persevere amid the lulls.

Have a solid trading system.

One that is defined not only by the technical parts of trading but also by the business components of trading. It is a properly planned trade that is consistent with the entire trading plan that has been demonstrated to work. Contrary to popular belief, trading is much more than just methods; the system itself plays an important role in becoming a good trader.

Swing Trading:

Swing trading falls between long-term HODLing and short-term day trading. Swing traders, like HODLers, will buy cheap, wait for their holdings to appreciate, and then sell high.

But, their holding time isn't as long as a HODLer's and isn't as short as a day trader.

Arbitrage:

Crypto arbitrage is comparable to the before-mentioned approaches. But, traders that use arbitrage hunt for money-making possibilities across many crypto exchanges rather than within the same business.

They get Bitcoin or other cryptocurrencies from one cryptocurrency exchange and then sell it at a higher price in another exchange.

Note that all these techniques take a lot of effort to master, so don't expect to get it right the first time.

4. Participate in Legit Airdrops

Airdrops are one of the fastest ways to earn free crypto, especially for newbies. However, it is also one of the riskiest techniques to earn free crypto.

Developers use airdrops to gain support for new cryptocurrencies. In a word, they provide free coins to encourage adoption.

When the airdrop project is active, you can check the Internet. Users frequently advertise them on the company's website, social media, and other cryptocurrency news sites.

You must approach any new crypto project with caution.

Hackers frequently use fake Airdrop and ICO (Initial Coin Offering) frauds.

In actuality, many air bubble coins are not particularly valuable investment vehicles. If you are a beginner, we advise you to stay with the more well-known cryptocurrencies, Bitcoin, Ethereum, and the top 15 cryptocurrencies. Switch to airdrops if you follow these instructions.

All bitcoins earned via airdrops are taxable income as well. According to the IRS, you must declare based on the fair market value of the distributed ledger on the date of registration. In most cases, you do this when receiving airdrops from digital wallets.

5. Lend Crypto Tokens

Bitcoin transactions are more manageable due to their decentralized nature. It doesn't require validation from authorities before you can start earning interest with cryptocurrencies.

You can lend BTC to possible borrowers and earn interest.

This lending technique works best besides HODLing.

You can passively earn an income and gain interest by locking up your crypto in a lending platform that manages your funds and lends them out rather than just sitting in your wallet.

In return for interest, investors can lend their crypto assets to other investors. Peer-to-peer lending, margin lending, and DeFi lending are among the top ways of earning free crypto.

Different websites can help you earn free cryptocurrency with their loan services.

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6. Mining Cryptocurrencies

Cryptocurrency mining is not child's play, but it is one of the 18 fast ways to earn free crypto.

This crypto-mining procedure entails using powerful computing and mining tools to solve complex math problems and puzzles to earn free cryptocurrency. It is a contest to determine the luckiest and fastest to solve those puzzles and earn rewards.

Joining crypto mining clouds or mining pools will give you more mining power. In this scenario, a Bitcoin miner joins a cooperative group pooling their processing resources to answer any complicated mathematical issue.

There are different types of Bitcoin mining, mining pools, cloud mining, ASIC mining, GPU mining and CPU mining. You can earn bitcoin through a mining pool.

A mining pool is a group of cryptocurrency miners who pool their resources and split the profits.

Bitcoin miners are much more likely to get the chance to mine new blocks and earn more bitcoin if they collaborate.

Cloud mining, on the other hand, entails paying a company to mine cryptocurrency on your behalf. Instead of purchasing your mining device, you are essentially renting one and receiving profits after deducting your maintenance and electricity costs.

Mining pools work similarly to cloud mining, except it connects their computer power over the cloud, and miners won't need to run or install the relevant software and hardware.

The mining rewards are paid to the miner who discovers a solution to a complex hashing puzzle. Miners can also earn transaction fees through the mining cloud.

If you want to benefit when the mining competition gets more challenging, you'll need better mining computers and software, which costs money and reduces your profit.

Before you start mining, you should do a lot of studies because there are different methods of making money with Bitcoin.

7. Write for Blogs That Pay in Crypto

Getting payment in your native currency is excellent, but receiving Bitcoin payments may spice up your freelancing career.

Many websites now allow you to do projects and tasks in return for Bitcoin and other digital assets if you're a freelancer who also happens to be a crypto geek.

To earn bitcoin through blogging, some websites allow you to do the following:

Create and distribute original cryptocurrency content: All you need to do is write and distribute engaging articles in any category you choose. The pay is greater the more upvotes and comments there are.

Earn free crypto by liking and leaving comments:

You can do this by utilizing these content platforms frequently, interacting with posts, contributing your thoughts, and sharing your favorite posts from other publishers to earn additional coins.

Vesting

You can leave your bitcoin earnings on the websites and earn more by HODLing your earnings.

Upvoting posts and tipping authors

You can earn free bitcoins when you read other authors' posts, upvote them, upvote your posts and tip other authors.

The tipping is free, and you claim your earnings in a reward pool.

If you're unsure where to begin, search for cryptocurrency blogs like CoinTelegraph to know which blogs Pay to write and earn free crypto.

8. Join Crypto Affiliate Programs

Affiliate marketing is another of the 19 fast ways To earn free crypto. If you are a blogger, it gets better with crypto affiliate programs.

Affiliate programs reward existing customers with referral bonuses when they refer their friends and family to the company.

New bitcoin affiliate schemes and ad networks are springing up regularly. As new platforms and sectors continue to adopt Bitcoin and crypto into their day-to-day operations, you will likely continue to see such affiliates earning people cool money.

When trying to join a new crypto-focused affiliate program, you should follow the same selection criteria as any other affiliate program or network. This criterion includes fast payout, reputation, commission levels and earnings per click, lack of hidden fees or costs, and customer support.

This selection technique will help you get the finest bargains and greater rewards while also having a better chance of long-term success and not getting ripped off by lesser-recognized sites or programs.

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9. Earn Bitcoin Cashback On Credit Card Purchases

Many of the world's largest payment companies have begun to dip their toes into the crypto seas. This technique allowed many crypto enthusiasts to use their Bitcoin and credit cards to take advantage of new shopping rewards.

If you are a heavy card spender, this is an excellent way to earn bitcoin.

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