Best Ways to Earn Free Cryptocurrency

Want to get free crypto? You can get over $100 a month in free cryptocurrency with Freecash!

Everyone loves a freebie, especially when that freebie has the potential to appreciate in value exponentially. Whether you’re looking for a low-cost entry into the market or you just want to expand your portfolio, free cryptocurrency is never a bad thing. Recently, many cryptocurrency companies have started giving out free crypto in an attempt to on-board new users or complete simple tasks. Here's how you can take advantage of these promotions and services to earn some free crypto today.

Platforms Giving Out Free Crypto

As the market expands, the ways to get free crypto are multiplying as well. The crypto market seems to be on the edge of a new bull market and many crypto platforms are itching to bring in new users. This often leads to better and better promotions that you can take advantage of to get some free tokens. Even if the bear market continues for a long time, now could still be a great time to build up your portfolio while it's cheap, especially if you can get it for free. Generally, the easiest way to earn some free crypto is through platforms offering various promotions. Let’s take a look at some of the ways you can take advantage of these promotions and get 10s or even hundreds of dollars worth of free cryptos while they're still available.

1. Freecash

FreeCash is the fastest growing website to make money online from anywhere in the world. Freecash pays you to perform simple tasks like taking surveys and testing apps. You can withdraw the funds you earn in crypto or even straight to your PayPal. Unlike most of Freecash's competitors, it doesn't have high minimums to discourage withdrawing the free crypto you get. It estimates that, on average, you can earn enough to cash out in about 17 minutes. It also says that it has paid out its users over $28.5 million, much more than other similar platforms give out.

Unlike most of its competitors, Freecash is loved by its users, shown by the incredible 4.6 rating on Trustpilot with over 28,000 reviews. Getting started with Freecash is easy and you can win up to $250 when you sign up (though the chances aren't very high that you win the top prize).

Overall, Freecash excels at creating a fun, straightforward and lucrative user experience. The wide variety of offers and cashout options, gamified experiences, availability in a wide range of regions and generous earning potential makes Freecash a fantastic choice to earn money online. It isn't going to give you a boatload of cash instantly but it is one of the most consistent ways to get a significant amount free crypto right now. Over time, you can earn much more free crypto from Freecash than almost any other platform without a ton of luck.

2. Uphold

Uphold is an underrated crypto exchange with a wide range of features, supported coins, educational resources, staking pools and more. It offers trading for over 250 different cryptocurrencies and digital currencies and you can even trade precious metals on the platform too. Uphold's staking page also has a wide range of staking pools with great interest rates despite current market conditions.

The platform is currently running a great sign-up promotion for new U.S. users until April 30th, 2023. U.S. investors who sign-up for an account with Uphold and purchase at least $600 worth of crypto assets (with-in 30 days and before April 30th) will be eligible for a free $50 worth of Bitcoin. That's a whopping 8.33% gain if you buy $600 of crypto, not including what you could make on the investment. Unfortunately, this promotion is only for U.S. investors but Uphold is still a great exchange for crypto traders around the world.

3. eToro

If you're already invested in cryptocurrency or have some spare money you're looking to invest, eToro is a great option to get free crypto. The exchange offers a $10 sign up bonus to new investors, but you'll need to deposit and trade $100 to qualify for the promotion. Nonetheless, $10 is a great bonus that you can use to buy over a dozen different cryptocurrencies on the platform. eToro is already a great crypto exchange, the free $10 is just icing on the cake.

eToro offers investors the ability to invest in professionally managed portfolios, making the exchange a great option for new investors. Also, over 20 million users trust the exchange with their funds, as the platform is seen as one of the most secure cryptocurrency exchanges. Moreover, eToro is the perfect option for casual investors, allowing you to buy Bitcoin with the least amount of hassle. It even has a great paper trading feature where you can practice your strategies without risking real cash. You can buy Bitcoin, Ethereum, altcoins and many more tokens with a bank account in minutes, right on the platform.

4. Staking Cryptocurrency

Staking cryptocurrency is one of the most innovative ways to earn free cryptocurrency in the form of interest. It's also one of the easiest ways to get free crypto, despite its complexity, though you need an initial principle to earn the free tokens with. Simply put, staking is the way that many cryptocurrencies verify their transactions, allowing participants to earn rewards on their holdings. If you are used to earning interest with a traditional savings account, you will be shocked by the high interest rates some platforms offer.

There are all kinds of cryptocurrency staking but most types boil down to depositing crypto to earn interest on it. While staking crypto can get complicated (and sometimes risky) on decentralized finance (DeFi) platforms like Aave, Compound and Uniswap, there are other great options to stake cryptocurrency on exchanges like Uphold and eToro. These platforms let you stake various cryptocurrencies including Ethereum without the fear of impermanent loss, a type of risk that comes with staking tokens in liquidity pools like on Uniswap. This allows users to earn up to 7% interest paid in Ethereum on users' cryptocurrency positions.

Uphold is one of the best crypto exchanges for staking because it has a great selection and extremely competitive interest rates. You can earn up to 20% APY on certain cryptocurrencies on the platform.

5. Coinbase

Coinbase is one of the most popular and trusted cryptocurrency exchanges in the world, serving over 100 million users. It's also one of the best sites giving out crypto right now. Coinbase offers 3 different ways to earn free crypto. The platform's Learning Rewards program allows you to earn about 20-30$ worth of crypto (though this can vary) by just learning a little about a specific token and then taking a short quiz. Right now you can earn $15 of SHPING token, $4 of The Graph token, $3 of AMP token and more.

Eligible US residents can also earn up to $200 in free crypto when they create a Coinbase account and buy their first cryptocurrency. After you create your account and complete your first purchase of crypto (assuming you are eligible), you should get to spin a wheel of rewards, including the $200 of free Bitcoin or USD. Finally, Coinbase also offers staking for a wide variety of cryptos including Ethereum, Cardano (~2.00% APY), Algorand (~5.75% APY), Cosmos (~6.12% APY) and Tezos (~3.19% APY)

6. Flynt Finance

Flynt Finance is one of the best platforms to earn free crypto with completely passive staking. It offers 3 innovative pools that each use a unique trading strategy: BTC Covered Calls x5, ETH Covered Calls and USDC GMX:GLP. The BTC and ETH strategies sell far-out-of-the-money short-term covered call options and collect and compound the premium for even more yield. The risk of these strategies comes in when the asset (BTC or ETH) spikes quickly above the strike price before the expiration date. The Bitcoin covered call pool uses higher leverage so it's riskier than the Ethereum pool but it also earns an incredible average of 20-80% APY. The Ethereum pool still earns an impressive 10-25% with decreased risk.

Flynt's USDC pool utilizes the decentralized exchange GMX's liquidity pool, GLP, to earn high yield (16.7% APY at the time of writing) with even lower risk. Flynt deposits funds into GLP which leveraged traders (using up to 50x leverage) bet against. Usually, these bettors lose, generating unusually high fees for the Flynt pool. Directional exposure (from prices rising or falling) is hedged using futures. Check out Benzinga's 2023 Flynt Finance review for an in-depth breakdown of how these strategies work.

7. Crypto.com Cash Back

Crypto.com has partnered with Visa to offer a prepaid Visa card with a cashback incentive. If you purchase items under the program, you will earn the Crypto.com coin called Cronos or CRO. The platform offers different tiers of rewards depending on the amount of MCO tokens you stake on the platform. Generally, the higher the tier, the more crypto you can get.

The program offers 1%-5% cash back on all purchases which is significantly more than most debit cards. It features 10% cash back on Expedia and Airbnb purchases, and you can even receive a credit for 100% cash back on your Netflix and Spotify subscriptions. This can be an especially great option if you already use Crypto.com or have Cronos tokens.

8. Cryptocurrency Airdrops

Cryptocurrency airdrops are becoming more and more popular with each 5 figure airdrop that leaves the majority of collectors behind. Airdrops can be the easiest and the most profitable ways to get free crypto but you often have to at least be a bit lucky (or already flush with funds). Almost all airdrops are announced after the time window to complete their eligibility requirements has ended to prevent people from gaming the airdrop. That doesn't mean it can't be gamed, however, and traders almost always find out how to take advantage a major airdrop in some way.

If you manage to get free crypto from an airdrop, however, it could be absolutely life-changing. Recently, the ApeCoin airdrop rewarded early adopters of Bored Ape Yacht Club with 10,000 APE, worth nearly an astounding $100,000 (at the time). These massive airdrops are a staple of the NFT market. Recently, some NFT traders were airdropped 10s or even 100s of thousands of dollars of tokens from the rising star in NFT marketplaces, BLUR.

Another popular airdrop was the ENS Token airdrop to any user that held an ENS Domain on or before October 31st, 2021. While ENS domains (better known as .eth domains) only cost around $50, the token airdropped gifted early adopters over $10,000 in ENS governance tokens. Users then had the choice to keep these tokens and participate in governance or sell these tokens for a profit.

Most recently, many investors in the cryptocurrency space benefited from the Optimism and Arbitrum airdrops. Both are some of the most highly anticipated Ethereum Layer 2 solutions that can support all of Ethereum’s decentralized applications (Dapps). A total of 231,000 addresses were able to claim 214 million OP tokens (5% of the total 4.29 billion supply) at an average of 860 tokens per address. The claim process officially began in May 2022. Arbitrum finally launched it's $ARB token through an airdrop that it was hinting for months if not years in advance. The token quickly exploded and it remains one of the 40 largest cryptos in the world.

The question is, how can you make sure you're in on the next airdrop? Unfortunately, there is no fault-proof way of getting into every airdrop. However, if you go out of your way to try out every popular new (and old) DeFi and NFT platform, especially if it has hinted at an airdrop in the past (like MetaMask), you will have a much greater chance of collecting airdrops. And remember, a single lucky airdrop (like APE or even ENS) could mean a year's salary or more for many people so it could be extremely lucrative.

Missed the recent airdrops but want some free crypto for doing nothing? Benzinga is in the works of creating Zing Token, a loyalty token based on decentralized content creation. To get 1,000 free Zing tokens, checkout the sign up page on our website.

9. Crypto Faucets

Crypto faucets are one of the easiest ways to get free crypto, but they are also one of the slowest. A crypto faucet is any application that gives you a little bit of crypto for performing a task like watching an ad or filling out a survey. Most take much too long to be worth it but there are some outliers which you can find in Benzinga's breakdown of the best crypto faucets.

Watch Out For Scams!

For many people, the words "get free crypto" alone sounds like a scam. And they are right to be suspicious. If someone messages you out of the blue (especially on Twitter) with a great scheme for free money, there is a high chance it is a scam. Another extremely common scam in this vein uses hacked celebrity or influencer posts that say they will double the amount of crypto that you send them. This is always a scam. However, the above methods are considered quite safe because they use some of the best, most-trusted platforms in the crypto space.

Buy, Sell or Trade Cryptocurrency

If waiting around for free crypto isn’t your thing, you can join the millions of traders exchanging value or staking their portfolios to bring in extra cash. eToro, OKX, Binance, Uphold and Coinmama are some of the best crypto platforms available with incredible functionality and low fees. Take a look at these top brokers and learn the differences in their feature sets before committing.

In a world of uncertain investments, there are few things better than free crypto. Crypto is generally high-risk high-reward but if you get it for free it's essentially just high-reward. The programs above may be good alternatives for those without the extra cash to put into the crypto market directly or mine for coins. Not to sound cliché, but who knows how long this will last? Crypto platforms are giving things away to get new users like every new product, but no one says they will be so generous when the market becomes more saturated.

If you’ve been curious about cryptocurrency, now may be the best time to take advantage of this. This is the perfect time to get free crypto. At the same time, be wary of scams!