There are several ways to earn free cryptocurrency, although it is important to keep in mind that “free” cryptocurrency is not really free, as it usually requires some sort of effort or time investment on the part of the user. In the list bellow you will find 20 ways that can earn you some free cryptocurrency.
1- Participate in airdrops:
Some cryptocurrency projects will distribute free tokens or coins to their community to increase exposure and adoption. Keep an eye out for these opportunities and make sure you have a wallet that supports the cryptocurrency you are receiving. You can check websites like Coinmarketcap, airdrops.io or DappRadar to learn about the latest free crypto airdrops.
2- Complete online tasks
Some websites and mobile apps offer small amounts of cryptocurrency as a reward for completing tasks or answering online surveys.
3- Join a cryptocurrency faucet
A cryptocurrency faucet is a website that dispenses small amounts of cryptocurrency to visitors. These amounts are usually very small, but they can add up over time. Bitcoin faucet was first introduced by Gavin Andresen in 2010 to promote BTC to a wider audience, it became a precursor to websites where you could exchange BTC for goods and services. You can use some legitimate online faucets like:
FreeBitco.in Faucet
Cointiply Faucet
4- Participate in cryptocurrency giveaways or contests
Some cryptocurrency projects and individuals will hold contests or giveaways where you can earn free cryptocurrency by completing tasks or solving problems.
5- Offer goods or services in exchange for cryptocurrency
You can earn cryptocurrency by offering goods or services in exchange for it. This can be a good way to start using cryptocurrency and get a feel for how it works. Jobs4Bitcoins on Reddit would be a good start.
6- Use Brave browser to earn free BAT tokens
You can earn daily BAT tokens by just viewing ads using Brave Browser. Your earned tokens will arrive on the 5th of the next month. You can also the built-in BAT wallet to send tips in BAT tokens to encourage and support content or creators that you love.
7- Mine cryptocurrency
Cryptocurrency mining is the process of verifying transactions on a blockchain and adding them to the public ledger. Miners are rewarded with a small amount of the cryptocurrency they are mining. To be a crypt miner you would need to invest some money to get some specific hardware that will help you to start mining. You can also use your web browser to earn some cryptocurrency by CPU mining some crypto projects like Nimiq.
8- Join a cryptocurrency referral program
Some cryptocurrency projects offer referral programs where you can earn a percentage of the transaction fees or cryptocurrency earned by the people you refer.
9- Buy and hold AKA HODL
Some cryptocurrencies, such as Bitcoin and Ethereum, have increased in value significantly over the years. If you buy and hold these cryptocurrencies, you may be able to sell them for a good profit later on.
10- Stake cryptocurrency
Some cryptocurrencies, such as ARK, Tezos, Polkadot (DOT) and Cosmos(ATOM) , use a proof-of-stake consensus mechanism, which means that you can earn a reward for holding and staking the cryptocurrency. You can also use digital wallets like Exodus Wallet where you can earn small amount of crypto for staking your coin.
11- Lend cryptocurrency
You can earn a return on your cryptocurrency by lending it out to borrowers through a cryptocurrency lending platform. Just be sure to do your research and only lend to trustworthy borrowers to reduce the risk of default.
12- Participate in cryptocurrency bounties
Some cryptocurrency projects will offer rewards for completing specific tasks or promoting their project. These tasks can range from creating social media posts to finding bugs in their software. You can check Altcoins bounty section at bitcointalk.org to find the latest free bounties.
13- Provide liquidity on a decentralized exchange
Some decentralized exchanges (DEX) allow users to provide liquidity to the platform in exchange for a share of the trading fees.
14 -Sell goods or services on a cryptocurrency marketplace
There are several online marketplaces that allow you to sell goods, services and digital products in exchange for cryptocurrency.
15- Earn interest on your cryptocurrency
Some cryptocurrency exchanges and other online crypto platforms allow you to earn interest on your cryptocurrency by lending it out to borrowers.
16- Participate in staking pools
Staking pools allow you to pool your resources with other users to increase your chances of earning a staking reward.
17- Participate in cryptocurrency lending pools
Lending pools allow you to pool your resources with other users to increase your chances of earning a return on your cryptocurrency.
18- Provide node services or run master nodes
Some cryptocurrency projects allow users to run a node service or master nodes and earn a reward for their contribution to the network.
19- Participate in cryptocurrency online games
Some cryptocurrency projects offer free tokens or coins as a reward for playing online games. Websites like ArkFun.io offers free ARK cryptocurrency every day to the winners of their online games. You can use ARK desktop wallet to play and earn free ARK coins as well.
20- Sell cryptocurrency on a decentralized exchange
Some decentralized exchanges allow you to sell your cryptocurrency directly to other users, rather than going through a centralized exchange.
21- Participate in cryptocurrency trading competitions
Some platforms offer trading competitions where users can earn cryptocurrency by trading virtual assets.
Edit: January 1st,2023: Added Brave Browser, Added Nimiq
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