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How to Earn or Get Free Crypto in 5 Easy Steps

The idea of getting free crypto might seem strange, but cryptocurrency is still very much in its infancy and trying to gain adoption over more conventional cash or fiat currency. Here we will show you how to earn or get free crypto in 5 easy steps.

5 ways to get free crypto

I’ve put this guide together to help newcomers to crypto understand some of the most common ways to get free crypto.

We all can get stuck in our ways. Using more traditional methods of finance, from online banking to PayPal, Apple Pay and Google Pay, are all trusted and convenient ways to hold and/or spend money. Moving to something new like crypto can feel risky. This is why I have decided to offer 5 of our top suggestions to earn free crypto and get you started.

#1 – Use referral codes to get free crypto when signing up

I won’t go into detail here as referral codes have been covered in detail here but you will find that most crypto trading and investing platforms provide some kind of referral system.

In the above guide, I have provided referral codes and links for the following platforms to help you get started:

Most of these platforms credit your account in US dollars, British pounds or a stablecoin like USDT rather than crypto, they do this to give you the freedom and flexibility to exchange your credit for any cryptocurrency. On each, you can convert your earnings to popular cryptocurrencies like Bitcoin, Ethereum, Solona and many others. With Revolut, you even have the option to convert your credit to stocks, shares or commodities, such as gold and silver.

 

Why do they do this? Relatively new and less known platforms like these need to incentivise adoption and usage, in the hope this will build trust and confidence in their services.

This is our number 1 suggestion to get free crypto, as you will need an account for each of the other suggestions listed below (and what better way than to get an account loaded with free crypto).

#2 – Earn free crypto by learning on platforms like Binance, Coinbase, Revolut & Crypto.com

Our number 2 suggestion is to take part in learning challenges and quizzes provided by these platforms.

This is a very clever and useful way to allow users to earn (relatively low) amounts of crypto, although these features aren’t always easy to find. Below, I’ll focus on the platforms that we regularly use and summarise what each has to offer:

Binance – earn free crypto through learning

Binance - Earn free crypto through learning

Binance – Earn free crypto through learning

Given Binance is the most popular crypto exchange, I thought it would be worth discussing this first. I need to say that I’ve never actually used this feature and I didn’t even know it existed until today.

Having used Binance for years, I’ve never actually noticed an option to earn crypto by learning. It’s something I stumbled across on Coinbase and Revolut, so thought I would do a quick search on Google to see if Binance offers such a thing. Low and behold, I came across the Binance Academy to Learn and Earn.

Currently, the courses are available but they all say “All rewards redeemed, stay tuned!” so it doesn’t seem possible to actually earn free crypto right now, although I’m sure the courses are great and worthwhile nevertheless. To take part, you need to be logged into your account. The Activity Rules page does say, “If you pass the quiz, you will be rewarded with a token voucher.

Although I can’t comment on this one personally or how much can be earned, I would suggest “staying tuned” as recommended by Binance above.

More information can be found here.

Coinbase Learn and Earn

Coinbase Learn and Earn quizzes to get free crypto

Coinbase Learn and Earn lessons

Coinbase was the first platform where I experimented with this feature and built up a nice little pot of Stellar Lumens, Ethereum, The Graph, Fetch.AI and Amp by taking part in the lessons.

Admittedly, I was familiar with Ethereum already but not the others. The lessons were interesting and although my earned balance of free crypto is relatively small right now, who knows what it will be worth one day.

More information can be found here.

Revolut Learn & Earn

Revolut is a multi-purpose banking, investing and savings platform, which also supports crypto. One of the nice but somewhat hidden features of Revolut is (you guessed it) Learn & Earn.  This allows users to take part in short courses to improve their knowledge and earn crypto at the same time.

I’ve been using Revolut for a couple of years for banking, but have also tested its features for investing in crypto and the stock market. The Learn & Earn feature seems limited to a couple of courses around crypto basics and Polkadot (DOT), both of which I have completed. For a few minutes of my time, I’m a happy owner of £4.50 worth of free DOT.

More information can be found here.

Crypto.com

A bit like with Binance, I needed to do a bit of digging to find this one as I couldn’t see anything obvious like “Learn & Earn” in the app. I eventually found a section called “BONUS” where along with “Refer” (more on this later), there was something called “Missions”.

This is slightly different to the others, as you can earn something called Diamonds by taking part in activities. I very quickly earned 6 diamonds for doing a few simple things, like activating 2FA. Although I’ve not yet tested this, there is an option called Crypto Masters, which says “Study and Learn Cryptocurrencies”. This sounds very much like what the other platforms provide.

Once you have collected your Diamonds, there is a Store where you can redeem these for things like CRO (Crypto.com’s native token), NFTs and other merchandise like signed football jerseys

More information can be found here.

Why do they do this? It’s all part of a clever marketing strategy. Getting new users to sign up is only the first challenge. Keeping them engaged and encouraging them to actively use the platform is the next step. What better way to encourage new users to learn about crypto than by rewarding them for getting educated.

#3 – Try mining newer tokens such as RENEC and NODL from your phone

This one may seem a bit out of the norm, but many people are probably unaware that some “cryptocurrencies” can be mined from a mobile phone, essentially for free. I put “cryptocurrency” in quotation marks because the two mentioned below are essentially network tokens that are currently limited in use and can’t be bought, sold or traded.

The two in question are Nodle Cash (NODL) and the Remitano Network Coin (RENEC).

We’ve created a special dedicated page for NODL and RENEC, so I won’t go into a lot of detail here. If you are interested, please visit the following link.

It’s possible that there are other cryptocurrencies that can be mined from a mobile phone, but these are the only two we have tested. Please be aware that unlike our number 1 and 2 suggestions above, your mined crypto can’t be spent and will have an unknown value relative to your native fiat currency until these become available on exchanges to trade.

Why do they do this? Much like above, it’s a clever way to get users invested in the platform and earn tokens before they become publically available to trade.

#4 – Invite friends and family with your own referral codes

Our number 4 suggestion is much like number 1, but this time you can use your own referral codes to invite friends, family and others who you feel might be interested. It’s a win-win all around as these schemes are designed to benefit both parties – and that means more free crypto for everybody. It’s a great way to get free crypto when signing up using a referral code, and then earn even more by referring yourself once you are all set up.

Why do they do this? Much like with suggestion number 1, this is to attract more users and incentivise adoption.

#5 – Staking and saving to earn interest (free crypto) on your balances

Finally, our number 5 suggestion (and my personal favourite) is to earn free crypto by staking.

Don’t be put off by the name. Staking is very much like earning interest on your savings where lower levels of interest are generally available on flexible accounts with no tie-ins and larger interest rates for accounts which are locked in for a time period, e.g. 7 days, 30 days, 90 days, and so on.

Most crypto exchanges provide some form of staking. I personally use Binance as this has a wide range of Staking and Saving options within their Earn section. There is an auto-invest feature that sounds great, but I like to be in control of my finances, so have only used the Staking and Savings features manually.

There are some absolutely unbelievable interest rates available but take caution. I would not advise purchasing crypto just for the interest rates. Do your research and make sure you like and understand the crypto project before making a decision Newer, more risky projects, tend to offer the highest staking rewards and you always run the risk of locking into a project that falls to zero. That said, you will find many of the leading cryptocurrencies like Ethereum, Bitcoin, Cardano and many others offering superb interest rates with staking.

Why do they do this? The reason many projects offer staking rewards is that by doing this you are enhancing the security and efficiency of the blockchain. This can also help to stabilise prices by having the cryptocurrency locked up and taken out of circulation.

The bottom line

There are so many opportunities to get free crypto or to earn free crypto through learning.

The opportunity is huge if you combine signing up using referral links, using your own referral codes to invite others, taking part in Learn and Earn courses, staking your earnings, and so on.

Imagine doing this on a number of different platforms, it’s very easy to build up a considerable amount of free crypto. Sometimes these platforms will expect you to make a deposit when using referral codes to show you are serious, but not always, and quite often, it just requires your time.

There are other ways to earn free crypto as well which I plan to add in a future update, including free NFTs, lending, airdrops, and using debit and credit cards like those offered by Crypto.com.

I can’t think of any other industry that offers so many ways to build up your wealth for free. Of course, pessimistic readers will wonder how and why this is possible. They’ll claim that you can’t get “something for nothing“, but all of our suggestions involve you making some kind of contribution, even if it’s just a few minutes to read information.

As to the “why“, many of these crypto projects are still in their infancy and have a large uphill struggle to gain mainstream adoption and acceptance as a viable alternative currency. For this reason, they are willing to give away crypto to help make this vision come true.

For the “how“, quite often this crypto will be paid from the profits of the exchange in question, which for them is a much cheaper form of marketing than say TV advertising.

Not everybody will like this analogy, but I look at buying (or in this case getting) crypto in a similar way that I look at buying a share in a company. With crypto, you are acquiring a share of the crypto project itself. That “share” is a cryptocurrency, something that has an accepted value based on the utility of the project, very similar to the product or service of a company.  Therefore, some projects will offer up “shares” as staking rewards.

See what you think and don’t forget to sign up using the referral codes here.

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