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Ways to Get Cryptocurrency for Free

David Morey January 24, 2024 3 min read
2063
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Many participants in the crypto community claim that it is impossible to get cryptocurrency for free, and you first need to purchase USDT ERC20. This is not entirely true since, over the years of development of the crypto industry, quite a lot of options have appeared for those who seek to purchase cryptocurrency without investing money. In some cases, this can be done without even understanding how cryptocurrencies work; in others, it will require some skill and experience.

Features And Risks Of Receiving Free Cryptocurrencies

  • Strictly speaking, some methods can be considered shareware. Only owners of specific coins can receive tokens.
  • There are a large number of scammers operating in the crypto industry. Scammers often hide under the guise of promises of free cryptocurrency distributions. To protect your funds, never share information with third parties that could be used to access your finances, and avoid interacting with suspicious projects.
  • Free cryptocurrency should not be considered as a permanent source of income. This is nothing more than an unpredictable pleasant bonus, like winning the lottery.
  • The number of free coins you receive often depends on the size of your audience. The more active followers you have on social media, the more free cryptocurrency offers may be available.
  • It is not always possible to withdraw the free cryptocurrency received outside the project ecosystem. For example, Pi Network coins can be mined in their application but cannot be taken out of the system and sold.
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When interacting with offers of free cryptocurrency, it is recommended to carefully study the terms and conditions to avoid potential risks.

The Main Ways To Get Crypto For Free

Airdrop

This is the distribution of digital assets among users. Conditions for participation may vary, and participants often complete simple tasks, such as subscribing to the project’s social networks or reposting an advertisement.

Referral Programs

Many projects offer rewards for attracting new users through referral links. Payment terms may vary depending on the project.

Cranes

These are platforms that provide cryptocurrency for completing simple tasks such as entering a captcha. Despite its apparent simplicity, this is a very labor-intensive and ineffective task.

Bonuses

Some crypto exchanges offer bonuses for various actions on the platform, such as registration, deposits, and other activity.

Learn Programs

Some projects are willing to pay users for their efforts to gain new knowledge.

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An example is the learning program on the Coinbase exchange.

Hard Forks

This is the process of separating a new chain from the project’s blockchain, with the owners of the original cryptocurrency often receiving an equivalent number of new coins. An example is the Bitcoin Cash hard fork, in which BTC owners received a corresponding amount of new coins.

Games (Play-To-Earn)

In the digital asset market, there is a play-to-earn industry that offers games in which you can earn cryptocurrency. Some projects are available without initial investment, which allows you to get cryptocurrency in games without additional costs.

Selling Nfts

It is free to create non-fungible tokens. Once NFTs are created, they can be listed on a marketplace to be sold and receive cryptocurrency. You can also receive NFTs during an airdrop and then sell and exchange the proceeds from SOL to BTC.

Practical Jokes

There are often giveaways with cryptocurrency prizes on various platforms, including social media. Popular crypto projects also organize similar competitions. For example, the Binance crypto exchange gave away an entire Bitcoin at the beginning of autumn. To participate, you had to have an account on the exchange and just press a button in a timely manner.

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