8 Ways To Earn Free Crypto Rewards
There’s no denying that investing in cryptocurrency can be a risky business, especially if you’re going to buy thousands of dollars’ worth of some hyped-up memecoin that’s already pumping hard.
But it’s also possible to invest in crypto in a way that’s entirely risk free. So long as you use free crypto to begin with, you can be sure that your crypto investments will never cost you a dime, even if they go south.
While there’s no such thing as a free lunch in life, there is something called the “attention economy”, which is based on the idea that time itself has value. To obtain free crypto, it’s possible to complete “tasks” such as watching videos, playing games, clicking on captchas and providing information such as your identity, age and email address. It turns out, many crypto companies are quite prepared to pay for users who are willing to do that, hence it’s possible to earn free crypto rewards in many different ways.
1. Learn and Earn
One of the more interesting ways to earn crypto rewards is to learn about blockchain and digital assets. It’s a win-win for everyone, because users get paid to increase their knowledge, while the companies get exposure.
The way most learn and earn programs work is this. A new cryptocurrency has launched and wants people to know about their token. So it creates an educational video and then asks people to watch it. Once they’re done watching, those users will have to complete a short quiz to verify what they have learned, and in doing so they’ll get free tokens deposited into their wallet.
One of the best-known learn-to-earn programs is run by the crypto exchange Coinbase, which often adds new videos and quizzes, providing a regular (albeit small) passive income stream for participants. Many other exchanges offer similar programs.
2. Sign up for Airdrops
Another well known method of obtaining free coins is through Airdrops, which give the impression of being truly free. They’re basically offering to drop money from the sky, directly into your wallet, or so it seems. However, in reality most users will have to do something in order to become eligible for the airdrop.
Some of the tasks involved include following, retweeting, and tagging posts on X and other social media sites. They might also be required to join groups on Telegram and Discord, sign up for a product or service (such as a new crypto exchange), and then perform some kind of action (such as completing a trade). In general, though, very little effort is involved.
CoinMarketCap has created a free airdrop calendar that anyone can use to find up-and-coming airdrops and see what’s involved. Beware that not every airdrop is guaranteed, as some are in such high demand that it’s not possible for everyone to earn rewards. Also, understand that the value of the airdropped tokens you’ll receive can vary quite significantly, depending on the project and how successful it is.
3. Complete onboarding challenges
Some crypto platforms incentivize users to sign up for their platforms. For instance, they'll offer free crypto rewards or NFTs to anyone who signs up and performs the necessary procedures required to verify their account. They might also ask you to take actions to try and refer friends to sign up, dangling the carrot of additional rewards as a motivation.
In the case of the VALR cryptocurrency exchange, it has launched a Global Treasure Hunt campaign with the promise of 60,000 USDT in rewards for users who complete its onboarding process.
The VALR treasure hunt runs from July 8 until September 30 and invites both new and existing users to participate. With it, users who complete the various tasks outlined in the challenge will be able to unlock mystery, crypto-laden boxes that could contain significant, or more likely relatively small amounts of cryptocurrency within them.
VALR said that the rewards from its Treasure Hunt campaign will be distributed to users every two weeks.
4. Fill out surveys
Another very easy way to earn free cryptocurrency tokens is to fill out surveys online. Like the traditional survey completion websites that offered a few cents for each one, users cannot expect to earn a fortune, but the difference is that there’s a chance that the crypto they do earn could eventually increase in value.
The surveys are posted online to websites such as Swagbucks and Free Cash by market research organizations, and they involve answering questions and watching videos. They benefit everyone, as the user gets free crypto tokens, while the companies get the feedback they need to improve their products and services, so it’s a good investment for them.
5. Drink from crypto faucets
Crypto faucet websites offer small amounts of crypto in exchange for users completing certain tasks, such as watching an advertisement, solving a captcha puzzle, streaming a video, following someone on social media, and participating in online polls. They don’t require any kind of investment or any particular skill to participate, making them one of the fastest and easiest genuinely free ways to earn some crypto.
Time Bucks has proven popular because it pays small amounts of Bitcoin, normally just a few satoshis, for people who complete its various activities, while Lootup offers rewards in other types of cryptocurrencies.
6. Play video games
One of the more rewarding, and time-consuming ways to earn crypto is with “play-and-earn” games that integrate cryptocurrency and NFTs.
Some of the most popular play-and-earn games include Axie Infinity, which is a card battle game involving NFT-based monsters, who must be trained and fought against each other in battles. The NFTs themselves are all unique, some more powerful than others, and have tangible value in the real world (some Axie NFTs once sold for hundreds of dollars apiece). The winners of each battle earn crypto rewards, which can then be sold for fiat or used to upgrade the player’s NFT and make it more powerful and valuable.
Other well-known play-and-earn games include Star Atlas, a space exploration game, and Upland, which is a metaverse-based world that encourages people to explore buy, and develop virtual real estate.
The rewards of play-and-earn games can be quite significant, with some Axie players once reporting being able to earn hundreds of dollars per week. But players should also bear in mind that many in-game economics can be quite unsustainable, and NFTs that once sold for hundreds are now valued at only a few cents.
7. Browse the web
Internet browsers like Google Chrome are notorious for harvesting users’ web browsing histories and using that information to force-feed them targeted ads. To counter this, decentralized browsers such as Brave have hit upon a model in which netizens are rewarded for their attention, paying them crypto to view only a small amount of ads that are supposedly based on their interests.
Brave comes with a built-in ad-blocker that stops the invasive Google ads. Instead of them, users will only occasionally see non-invasive ads, based on their level of tolerance. Users can select how often they want to see ads pop up. Each time they see one, they’ll earn Basic Attention Tokens or BAT, with more rewards coming their way if they decide to interact with that ad. Users can then either cash out their BAT (once they have acquired the minimum amount) or use it to “tip” their favorite content creators.
8. Earn cashback from crypto cards
The final method on our list can’t really be called free, simply because it involves spending money. These days, there are a lot of debit and credit card offerings, including both plastic and virtual cards, that users can link to their crypto wallets, so as to spend their digital funds outside in the real world. Some examples of crypto debit card providers include Crypto.com, Coinbase, and Nexo.
The great thing about this is that, for many people, it doesn’t require them to do anything different. If you happen to use a card for the majority of your purchases, the crypto cashback rewards really do amount to free money.
To obtain a crypto credit card, you’ll first need to sign up with one of the above providers, and then apply for a card. So this will mean installing an app and providing some kind of ID and proof of address. Then you’ll need to link the card to your crypto wallet. Once ready, you’ll be able to use that card in any regular store that accepts Visa/Mastercard payments, and earn free cashback on each purchase you make.
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