Earn Free Cryptocurrency in 5 Easy Steps
Putting money towards Ethereum, Litecoin, Stellar, and the vast array of other cryptocurrencies available on the market is a fantastic long-term investment strategy that has been growing increasingly popular over the past decade. But not everyone has the resources to go out and purchase large sums of cryptocurrency, especially the most popular ones. Bitcoin, for example, is set at the cost of $49,926.10 per Bitcoin as of the beginning of September 2021. That’s a massive amount of money for a single Bitcoin!
But did you know that there are several methods you can use to get your hands on some free cryptocurrency, specifically Bitcoin? Very few people know just how much free Bitcoin is out there for anybody to earn from rewards programs, affiliate marketing gigs, and as a payment for crypto mining. Please continue on to learn even more about the five easy methods you can use to get your hands on some free cryptocurrency today.
Related: What is DeFi in Cryptocurrency?
Step 1: Get In On The Crypto Mining Craze
Crypto mining, also referred to as Bitcoin mining, is a method of gaining crypto by verifying different cryptocurrency transactions and adding them to the blockchain’s ledger. To do this, individual crypto miners and crypto mining companies compete to solve complex mathematical problems using high-performance computers, known as crypto mining rigs. The first miners to crack the code are rewarded by being able to authorize the transaction and are given small amounts of cryptocurrency in return for their efforts once the transaction is added to the blockchain.
Not every crypto miner utilizes a fancy crypto mining rig, however. New computer programs are now available to perform all of the crypto mining functions with a standard computer. Companies like NiceHash, BeMine, Cudo Miner, and Kryptex Miner simplify the process by allowing people to download and install software for easy-to-use crypto mining.
Once their software is put onto your computer and turned on, it will run in the background and use a small portion of your system’s power to mine for cryptocurrency with other miners within the community through a process known as “cloud mining.” The amount of free crypto someone can earn through this method depends on several variables, such as the power of your computer’s graphics card, the current difficulty of mining for specific currencies, and overall crypto market conditions.
It’s essential to note, however, that running these kinds of programs- especially for long periods- can have negative impacts on your computer, such as wearing down its hardware prematurely. A great way to prevent this is to download the programs on older computers you don’t regularly use so that you won’t compromise the performance of your normal computer. However, this will result in lower crypto-mining success since you’ll earn more crypto by running these programs on newer, more powerful computers.
Step 2: Earn Free Crypto Just By Shopping Online
There are several more ways to get your hands on free cryptocurrency without resorting to crypto mining. For instance, were you aware that you can earn plenty of free cryptocurrencies just by doing your usual online shopping if you sign up with a crypto cash-back rewards service? One of which is proudly offered by the banking and cryptocurrency experts at Unbanked.
With their specialty cards, you can earn up to 6.38% back in cryptocurrency for every purchase you make when you start staking with their company. Meaning that the more money you spend, the more you’ll get back in the form of free cryptocurrency! While some other banking services offer a similar crypto rewards system, Unbanked provides the most competitive rates in the industry, thanks to their specialized TERN staking program. Consider signing up for free with them today to start earning your free digital gold as soon as possible.
You can also sign up for several free online shopping extensions to earn some extra free cryptocurrency for your online purchases. Lolli, for instance, is one fantastic example of these extensions that you should definitely consider looking into, alongside signing up for an Unbanked card. By shopping online with one of Lolli’s 500+ online merchant partners, you’ll earn a special reward in the form of Bitcoins.
Some of their well-known partners include Best Buy, CVS, Macy’s, OfficeMax and Office Depot, Walmart, Old Navy, Marriott, Hilton, and even 1-800-Flowers. All you need to do is download Lolli’s free extension, and once you go to a merchant partner’s website, you’ll be prompted to enable your crypto cash-back earnings. As soon as you confirm your purchase, Lolli will automatically add your crypto rewards to your Lolli wallet, which can then be transferred or withdrawn by entering in your BTC wallet address once your balance has reached $15 and the merchant’s specific reward locking period has ended.
Sadly, it can take a bit of time for the withdrawal or transfer to be completed- usually somewhere between 30 and 90 days- and you will need to pay a small blockchain transfer fee. Earnings can also be transferred to a bank account in U.S. dollars for a minor fee of only $0.25. Still, a short waiting period and a small fee don’t entirely diminish the exciting thrill of being able to earn some free crypto rewards on your regular online purchases, especially since Lolli provides several other great benefits. For example, you’ll also receive a bunch of extra crypto by referring friends to the service, and the amount of Bitcoin you earn per purchase will increase with every friend you refer.
Would you like to discover more about all of the capabilities of cryptocurrency and the role that it could play in improving your future financial prospects? Take a look at the vast array of educational resources offered by the experts at Unbanked today to find out more.
Step 3: Get Free Crypto Through Online Surveys
Earning money for completing online surveys has been a method that people can utilize to earn some extra cash for several years now, but the explosion of the cryptocurrency world over the past decade has also made it so you can earn free crypto by answering surveys as well. Several companies currently operating on the market will provide Bitcoin as a reward for taking online surveys, such as Time Bucks. What’s more, Time Bucks also offers rewards for several other easy-to-do online actions as well, such as posting on Facebook, playing games, looking at funny slideshows, watching videos, installing apps, and completing basic microtasks like web searches.
By signing up for their platform, you’ll be able to select the kinds of surveys and other tasks you’d like to complete and also choose what kind of payout you’d like to receive. The surveys that their platform will offer you depend on your profile preferences and what companies are partnering with Time Bucks at any given time. Their site even offers a payout reward option for those willing to keep a tab open on your computer that will steadily mine for cryptocurrencies in the background. Their payouts of free Bitcoins occur once per week and require a minimum withdrawal of $10 worth of Bitcoin, with a maximum first day earning of $50 worth of Bitcoin. While you’re not likely to become a crypto millionaire through this method, it’s still a fantastic way to earn some easy crypto.
Related: Top 4 Mistakes When Investing with Cryptocurrency
Step 4: Earn Crypto For Free Through Affiliate Marketing Mastery
Another excellent method for getting your hands on some free cryptocurrency is by getting involved with specialized affiliate marketing programs if you have a decent online following. Using your followers and subscribers, you can easily generate additional crypto income (as well as ordinary income) by directing them to do business with a range of companies that will reward you well for sending new customers in their direction.
You just need to provide your followers or subscribers with a unique URL that will be provided to you by the merchant you’re marketing with when you join their affiliate program. That URL will specifically track all purchases made by your network and then credit your account with the crypto rewards you have earned.
The commissions you earn per sale from your followers will vary from merchant to merchant, but if you have a sizable enough following, affiliate marketing programs are a fantastic way to provide yourself with a sizable stream of easy crypto income. If you’re looking for one such program to join up with, consider the popular Bitcoin affiliate program provided by Coinbase, one of the biggest, most successful cryptocurrency exchanges currently operating within North America.
Through their program, whenever one of your referrals sells or buys $100 or more in Bitcoin within the first 180 days of opening a registered account, you’ll be given a reward equivalent to $10 worth of Bitcoin. So if you have a decent-sized following of subscribers on your blog, YouTube channel, or other social media platform, consider joining up with an affiliate marketing program to earn some free digital gold today.
Related: Cryptocurrency for Beginners: What Is Cryptocurrency and How Does it Work?
Step 5: Get Set Up to Earn Intrest on The Crypto You Have
There are several crypto exchanges that people can use to buy, sell, and trade their cryptocurrency, but some of them also provide users with the extra bonus of being able to earn interest on the crypto they keep in their holdings. Gemini, for instance, is a specialized lending platform where users can lend their crypto to a range of institutional borrowers, which can earn these users up to a 7.4% annual percentage yield (APY).
While their platform may not have the same trading volume as major competitors like Kraken or Coinbase, it still offers 40+ cryptocurrencies and serves as a fantastic hub to teach beginners the ins and outs of basic crypto investing practices. Another exchange with a similar offering is provided by BlockFi, which offers users an interest of up to 7.5% when they lend their cryptocurrency to institutional borrowers.
These interest accruing exchanges can be an excellent way to get your hands on some extra cryptocurrency. However, people need to understand that these practices can add even more risk on top of the inherent risk of cryptocurrency investments. People need to read all of the terms and conditions for these exchanges carefully before signing up and lending out their crypto to keep themselves and their financial investments safe. It’s also essential that these individuals never lend out more crypto than they can afford to lose, should something go wrong with the process and the borrower be unable to pay back what they have been lent.
Final Thoughts to Keep In Mind
Cryptocurrency is a fantastic investment that has grown massively in popularity over the past decade, to the point where full-on crypto mining companies have been developed to acquire as much of that sweet digital gold as possible.
Since not everyone has the finances and specialized tech to obtain sufficient amounts of cryptocurrency, it’s essential to remember that there are several methods to get your hands on free crypto. If you would like to learn more about the fantastic realm of cryptocurrency and what it can do for your investment and financial future, please consider checking out the vast range of stellar resources and top-quality crypto services offered by the industry experts at Unbanked today.
Would you care to learn even more about the various costs and benefits of cryptocurrency and the kind of control it can give you over your financial and investment future? Check out the top-quality educational articles offered by the industry experts at Unbanked today for more information.