What if I told you that it’s literally possible to grow your crypto portfolio to thousands of dollars without actually spending a cent of your own money? Just to be clear, no stealing, scamming or begging is involved; only legitimate ways to earn coins…for free. Read on.
Possessing your very first cypto might seem like a daunting task. In fact, it’s a scary experience for many newbies. The fear is drawn from not knowing exactly what coin to buy, how to buy, where to buy, where to keep your coins after you buy, and so forth. The skepticism associated with crypto is also rife among newcomers because if there is one thing they have heard about Bitcoin, it’s that “Bitcoin is a scam!”. Naturally, they don’t want to put in their money just yet. There is also another group of crypto newbies who have heard the bitcoin gospel and they are ready to jump into the cryptoverse, but they do not have the money to buy their first coins. Whether your reasons for not buying your coins are due to lack of funds or stemming from a deep sense of skepticism, this guide is for you. It’s about how to own thousands of dollars’ worth of crypto with nothing but an internet connection.
If there is one thing the crypto world is not short of, it’s free coins, and here are 5 ways you can get your hands on free coins. As you explore the options below, keep in mind the famous adage that “there is no such thing as a free lunch”. Therefore, if it seems too good to be true, it probably is and you might want to hold your horses. I would still encourage you to keep an open mind because some things in cryptoverse might seem too good to be true, and still be actually true.
Faucets
Bitcoin faucet in 2010
Just like the word says, a faucet is a “tap” that drips tiny amounts of crypto. It is usually a website that allows you to enter your wallet address and receive a tiny amount of crypto. Some faucets will require you to do easy tasks like watch a video, complete a captcha, receive a newsletter, share a Tweet, join a Telegram group, or any such similar simple tasks. However, remember to take utmost precaution due to the tremendous number of phishing sites and malware distributors disguised as free crypto dispensers. You must also note that faucets will usually give very tiny amounts of crypto such that it will take you years before you can actually accumulate anything to write home about. However, before you despise small beginnings, you should be aware that there was a bitcoin faucet in 2010 that allowed one to claim 5 BTC for free. It was not much then, but it’s worth hundreds of thousands of dollars today.
Lastly, be wary of those faucets that say payment will only be received after meeting a certain threshold. Most legitimate faucets will send coins to your wallet instantly or periodically.
Airdrops and giveaways
We still have not forgotten Uniswap’s 400 UNI airdrop (now worth $12,204), or similarly massive airdrops by SafePal wallet, and many other crypto projects. Airdrops and giveaways are usually a way for new projects to reward early adopters, encourage mass adoption, or fairly distribute their coins. Airdrops and giveaways are usually announced on social media so you might want to be on the lookout for new projects. The best place to know about airdrops is Twitter, Facebook, Reddit, Telegram, and YouTube. Just make sure you are receiving your information from credible sources. Airdrops and giveaways usually do not ask much from you; just simple tasks like downloading an app, joining an online community, using a platform, or sharing a post on social media. As usual, do not forget to take precautions due to the high number of scam projects out there.
Airdrops are very common
Competitions
Many projects run competitions to raise awareness and gain more publicity for their projects. Competitions can be anything from writing competitions, meme contests, or just random draws. Leading crypto projects usually hold a number of competitions from time to time, in which a winner could win up to a couple of hundreds of dollars worth of crypto. The best place to find these competitions is on social media platforms.
Learn to earn
A good number of platforms offer users a chance to learn about a project and get rewarded for it. For example, Coinmarketcap and Coinbase have a segment on their websites that allows anyone to watch some videos to learn about a project and participate in a simple quiz thereafter to win up to $10 of crypto. It is a good place to start as most featured projects are still in their infancy, with huge potential for growth. Your $10 win might just become $100 within a few months.
learn to earn
Apps that give free crypto
You can choose to scout for apps that give free crypto. Presearch and Brave browser are some of the examples of apps that will let you earn free crypto just for using them. Presearch is a privacy-oriented decentralized search engine that pays you PRE tokens each time you make a search query, while Brave browser is a privacy-respecting browser that pays you BAT for allowing it to show you ads paid for by sponsors. Noise.cash and read.cash are also some of the platforms that will give you a substantial amount of Bitcoin Cash as long as you are consistent in using them. Publish0x also gives you a chance to earn crypto for reading and writing blogs on the platform.
