How to Earn Free Crypto in 2024

Free crypto might be a good start for newbies aka cryptopreneurs. Earning cryptocurrency is not new to the world. Doing it for free is another captivating activity that most budding traders take up. There are up to 11 well-known ways to earn free crypto. Each of them has its own procedures and specifics. However, whatever it takes, the biggest advice here will be to get to know everything about these ways and pick the most convenient one. 

For now, let’s outline methods to earn free crypto and enrich your portfolio. 

How to Earn Crypto? 9 Simple Ways

Explore the most known methods to acquire free cryptos and pick the most convenient and comfortable ways for you. 

Airdrops

Cryptocurrency developers might distribute their new coin through an airdrop—essentially a free giveaway—to build excitement and attract attention to their project. To qualify for these coins, you might need to engage with the project, such as following it on social media, participating in its Discord community, or showing support in other ways.

However, being cautious is important, as many airdrops can be fraudulent. Even if you receive free crypto, they could be worthless. While this might benefit your tax situation—resulting in little to no tax liability—it won’t contribute to your financial gains.

Free Non-Fungible Tokens (NFTs)

Art or collectibles can make today what it’s called the non-fungible token. These are unique digital assets that are not considered cryptos. However, they can be traded for crypto with ease. So, how can you obtain free NFTs? Just like with cryptocurrencies, there are giveaways available.

If you’re eager to acquire NFTs, there are several effective strategies. One popular method is participating in new crypto projects, which frequently reward their most active supporters with NFTs as a kind of “referral bonus.” By actively engaging on a project’s Discord channel, you might earn a spot in a bonus pool designed for those who bring the most attention to the channel.

Another strategy to earn free crypto involves watching Twitter, where NFT giveaways are often held. These giveaways might reward you with an NFT simply for retweeting and helping to spread the word about the project.

However, it’s important to remember that receiving free NFTs can have tax implications, so it’s wise to stay informed on those aspects.

Play-to-Earn Gaming

Play-to-earn games offer an engaging and entertaining way to earn cryptocurrency while having fun. These games reward players with crypto tokens for completing various in-game activities. For instance, in CoinHunt World, players explore a virtual world, searching for keys and answering trivia to earn rewards. Another example is Crypto Popcoin, where users group and pop cryptocurrency icons to receive rewards.

To start earning free crypto from these games, players usually need to link their ERC-20 wallet address, allowing the game to airdrop the earned tokens directly into their account. Additionally, some games may provide the option to receive crypto rewards through a linked account.

Cryptocurrency Credit Cards

As the demand for cryptocurrency grows, various platforms have launched crypto-focused credit cards to meet this need. The Coinbase Card, for instance, allows users to spend their cryptocurrencies wherever Visa is accepted. The Gemini Mastercard is another option to earn free crypto, offering up to 3% cashback in Bitcoin or other digital assets. 

The Binance Card is also widely used, providing access to numerous cryptocurrencies and facilitating easy spending. Additionally, Nexo offers a credit card that enables users to borrow against their crypto assets instantly, while still earning cashback rewards.

Cryptocurrency Savings Accounts

Crypto savings account could be a great option to earn free crypto. These accounts allow you to earn interest on your digital assets while still taking advantage of any potential value increases. Plus, the interest rates offered can often be more favorable than those from traditional banks.

For example, one platform offers a savings account with a tiered interest rate structure, where higher deposits result in slightly lower rates. Well-known cryptocurrencies, like Bitcoin and Ethereum, might provide a modest annual return, while stablecoins often offer more competitive interest rates, making them an attractive option for storing your funds.

Rewards from Browsers and Search Engines

Certain search engines and web browsers now provide rewards in the form of cryptocurrency for activities like viewing ads or simply browsing the web. 

Cryptopreneurs can get free crypto rewards for browsing the internet or simply clicking on advertisements. They can use certain search engines and web browsers and suggest no prior financial investment.

While earning free crypto can be an appealing introduction to the cryptocurrency world, it’s crucial to proceed with caution. Not all opportunities to earn free crypto are trustworthy or secure.

There are numerous scams and fraudulent schemes that falsely promise free cryptocurrency but are actually designed to steal personal information or funds. These scams can appear in various forms, such as fake airdrops, deceptive games, or bogus search engines that offer rewards but fail to deliver on their promises.

Learn and Earn Platforms

Such platforms can be pretty promising when it’s about acquiring free cryptocurrency while getting a greater grasp of the crypto industry. They allow to explore tutorials, and educational materials about various digital currencies and earn rewards in return.

How to earn free crypto with learn and earn platform? Traditionally, such platforms require the registration and account creation after having a full KYC (Know Your Customer) verification process. Once being checked, users get access to great educational resources and in the meantime, get rewarded for the engagement. Since these platforms frequently update their content, it’s a good idea to check back regularly for new learning opportunities and potential rewards.

Referral Rewards

Referral programs are a popular method used by major crypto exchanges and wallets to attract new users. Platforms like Godex.io offer these programs, allowing existing users to share a unique referral link with others.

When someone signs up using the referral link to acquire free crypto, both the referrer and the new user receive rewards, which could be in the form of cryptocurrency or fiat currency bonuses. These rewards are often deposited directly into the referrer’s account. The specific rewards and terms vary by platform, but they typically serve to expand the user base and encourage ongoing engagement with the platform. 

Crypto Lending through DeFi

Decentralized finance (DeFi) enables peer-to-peer lending without intermediaries, often offering better returns than traditional banks. Platforms like Nexo, Aave, and Compound are key players in this space, providing crypto-backed loans, interest-bearing accounts, and direct lending with competitive rates.

So, how to earn free crypto with DeFi? To start, you’ll need a compatible wallet to connect with DeFi protocols. By lending your crypto, you can earn rewards while providing liquidity to borrowers. Beginning with stablecoins is a safer way to explore DeFi, but always research thoroughly and invest only what you can afford to lose due to inherent risks.

Beware of Scams

Do you remember the lyrics from the song “You are too good to be true…”? First and foremost, do not fall into the trap of something looking too easy and too good. Scammers often exploit the excitement around earning free crypto to deceive those seeking free crypto.

It’s crucial to stay vigilant when pursuing free cryptocurrency offers. Scams like airdrops and initial coin offerings (ICOs) are particularly prone to being fraudulent. Be wary of any promotion that requests your login details or private keys for your crypto wallet. Additionally, ICOs might lure you into exchanging your legitimate coins for ones of questionable value.

Conclusion

Earning free cryptocurrency can be an attractive way to get started in the crypto world or to diversify your holdings without any upfront investment. However, traders should approach these opportunities with caution. 

While there are legitimate ways to earn free crypto, such as through airdrops, play-to-earn games, or referral programs, the space is also rife with scams that could lead to the loss of personal information or funds. It’s essential to thoroughly research any platform or offer before participating and to avoid anything that seems too good to be true.

FAQ

Which cryptocurrency app offers complimentary coins?

Many platforms, including major exchanges and wallets, offer free coins through referral programs or Learn and Earn platforms.

What are the most popular websites for earning free cryptocurrency?

Popular platforms for earning free crypto include exchanges, Learn and Earn platforms, and crypto-focused browsers.

Are cryptocurrency earnings subject to taxation?

Yes, cryptocurrency earnings, including those from free giveaways, are generally subject to taxation. It’s important to stay informed about the tax implications of any crypto earnings.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.