9 Proven Ways to Earn Free Crypto in 2023
1. Coinbase Earn
Coinbase Earn allows users to earn crypto rewards for learning about new digital assets. By watching short videos and completing quizzes, you can earn tokens from major projects like Compound, Ankr, and more.
Rewards depend on the current promotion but are usually around $3-$10 worth of crypto per lesson. The tokens are directly deposited into your Coinbase wallet upon completing each lesson.
2. Crypto.com Earn
Crypto.com offers a similar learn and earn program. By learning about crypto projects through short videos, users can earn tokens as rewards. Cryptos like CRO, StormX, COTI, and more are available.
The typical reward is around $3 of crypto per lesson. To qualify, you need a Crypto.com account and to pass each quiz with 100% accuracy. The earned tokens can be immediately transferred or traded within the app.
3. CoinMarketCap Earn
CoinMarketCap Earn provides educational courses about various crypto assets. Each course includes short lessons and a quiz. Passing the quiz allows you to claim a reward in the project's crypto.
Previous rewards have included tokens from major projects like Avalanche, Loopring, and Litecoin. Rewards vary based on each campaign but tend to range from $1-$5 worth of crypto.
4. Play-to-Earn Crypto Games
Play-to-earn crypto games allow users to earn tokens and NFTs for playing and completing tasks. The rewards can often be cashed out for fiat or traded on exchanges.
Popular play-to-earn games include Alien Worlds, Splinterlands, CryptoBlades, and more. The earning potential varies greatly based on player skill and time commitment. Top players can earn the equivalent of a full-time salary.
5. Airdrops
A crypto airdrop is a free giveaway of tokens by blockchain projects. Airdrops act as marketing campaigns to raise awareness and engage users. Participants are usually required to perform simple tasks like following social channels or referring friends.
Legitimate airdrops can be highly rewarding. For example, Uniswap airdropped 400 UNI tokens worth over $1,600 to early users in 2020. Keep an eye out for reputable crypto projects running airdrops.
6. Bounty Campaigns
Bounty campaigns offer rewards for promoting crypto projects. Typical bounties include sharing and liking social posts, writing articles, referring friends, translating content and more.
Most projects will have an active bounty program through platforms like Bounty0x.
Rewards are paid in the project's native crypto token - for example, you might earn SOL for promoting Solana. Top participants can earn hundreds of dollars worth of tokens.
7. Staking Crypto
Staking involves holding funds to support a blockchain network's operations in return for rewards. Many proof-of-stake blockchains offer staking, including Ethereum, Tezos, Cosmos, and more.
Rewards are paid as a percentage APY of the staked amount. Rates range from ~5% up to 15%+ depending on the project. Staking provides a hands-off way to earn passive crypto income on holdings.
8. Lending Crypto
Lending platforms like Celsius Network allow users to deposit crypto and earn interest by lending assets to others. Savings accounts earn up to 17% APY, paid weekly in-kind on coins like BTC, ETH, stablecoins, and more.
Interest compounds over time, allowing earnings to grow faster. There is no minimum deposit, withdrawal fees, or lockup period. Lending provides an easy way to put your crypto to work earning yields.
9. Crypto Cashback Cards
Crypto debit cards like the Coinbase Card and Crypto.com Visa Card offer up to 8% cashback on purchases. The cashback is paid instantly in Bitcoin or other cryptocurrencies, which can be held or converted to cash.
Using a crypto cashback card for daily purchases is an effortless way to accumulate crypto. The bonus rewards can effectively offset the typically higher fees associated with crypto debit cards.
Earn Free Crypto Safely
While these methods can lead to significant rewards, it's crucial to protect your security and privacy:
- Never share wallet keys or account passwords.
- Enable two-factor authentication (2FA) wherever possible.
- Research projects thoroughly before investing time or money.
- Watch for scams and fake accounts impersonating reputable brands.
- Report security issues and suspicious activities.
- Track crypto earnings for tax reporting requirements.
With the right precautions, earning free crypto can be an easy way to grow your portfolio. In just a few minutes per day, you can accumulate valuable rewards over time from trusted platforms and communities.
The crypto economy offers innovative ways to earn digital assets without risking your own money. So explore these opportunities and power up your cryptocurrency portfolio.
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