Best Ways to Earn Free Cryptocurrency

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Contributor, Benzinga
Updated: September 20, 2022

Want to earn free cryptocurrency? FreeCash pays you in Bitcoin, Dogecoin and other crypto for taking surveys!

Everyone loves a freebie, especially when that freebie has the potential to appreciate in value. 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. Luckily, many cryptocurrency companies are giving out free crypto in an attempt to on-board new users. Here's how you can take advantage of these promotions and earn some free crypto today.

Platforms Giving Out Free Crypto

As the market expands, the ways to get free crypto are multiplying as well. Let’s take a look at some of the ways you can take advantage of these promotions and get free cryptos while they're still available.

1. Freecash

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Freecash.com pays users in Bitcoin, Litecoin, Ethereum, and Dogecoin, as well as cold hard cash. The sign up process is simple, and users can easily earn $100 or more per month by using freecash.com. Simply take surveys on different companies, and the platform will pay you in whichever form of currency you choose. Top earners on Freecash earn over $1,000, but to earn this much free crypto you'll need to devote significant time to earning free crypto.

As a rule of thumb, users can expect to earn $1 per 5 to 10 minute offer and cash out instantly crypto, gift cards and PayPal. The gamified design — including features such as the daily and monthly leaderboard, a live community chat panel and an easy-to-use interface — creates a thrilling experience for the user. However, it is important to note that a key drawback of the platform is inconsistent offers and limited selection of tasks in specific geographic locations.

2. eToro

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    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

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 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. You can buy Bitcoin with a bank account, right on the platform.

3. Coinbase Earn

Coinbase is primarily a trading platform, but you can also get free crypto worth around $30. While $30 isn't a huge sum of money, those who participated in Coinbase Learn last year now have over $100 worth of free cryptocurrency from the price appreciation. With its Learn program, the platform is giving away free crypto for simply learning about crypto. Currently, you can learn about Basic Attention Token (BAT), 0x (ZRX) tokens, Zcash (ZEC), EOS (EOS) and others. Watch a video, take a 3-question quiz and answer the questions correctly to get free crypto. Coinbase will credit the cryptocurrency you learn about into your account, so the program is a great way to get a variety of different cryptocurrencies for free.

Don’t worry — you won’t lose the free money if you get the questions wrong. You can take the quiz as many times as you need to pass.

You must join Coinbase in order to get the free stuff, and this requires that you give your identity and photos to the platform. Coinbase does report to the IRS and other government entities, so don’t come looking for free currency here if you are getting into crypto for anonymity.

You can earn an extra bonus by referring other people to the Coinbase Earn project.

5. Staking Cryptocurrency

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    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Staking cryptocurrency is one of the most innovative ways to earn free cryptocurrency in the form of interest. Simply put, staking is the way that many cryptocurrencies verify their transactions, allowing participants to earn rewards on their holdings.

While staking crypto can get complicated on platforms like Aave, Compound and Uniswap, there are options to stake cryptocurrency on exchanges like Uphold and eToro. These platforms let you stake various cryptocurrencies including Ethereum. 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.

6. Crypto.com Cash Back

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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, MCO. The platform offers different tiers of rewards depending on the amount of MCO tokens you stake on the platform.

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.

7. BlockFi Savings Account

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If you're sitting on crypto and not putting it to work, you could be earning passive income from it. BlockFi offers cryptocurrency savings accounts, and the annual compounded interest rate is 8.6% paid in monthly installments. You can earn your interest in Bitcoin, Ether tokens or USD. Withdrawal limits are also high — 100 BTC per week — far beyond the needs of most lenders.

Though there is a gap risk, your deposits are insured through Gemini, which is one of the most highly regulated crypto companies in the world. BlockFi is considered one of the easier platforms to use, so it may be a good choice if you are nervous about getting your feet wet. 

8. Cryptocurrency Airdrops

Cryptocurrency airdrops are becoming more and more popular with each 5 figure airdrop that leaves the majority of collectors behind. Recently, the ApeCoin airdrop rewarded early adopters of Bored Ape Yacht Club with 10,000 APE, worth nearly an astounding $100,000.

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 airdrop. Optimism is one 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. 

Missed the Uniswap airdrop 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.

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 with a great scheme for free money, there is a high chance it is a scam. However, the above methods are 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. Take a look at these top brokers and learn the differences in their feature sets before committing.

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  • Pionex
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Get it While It’s Hot

In a world of uncertain investments, there are few things better than free crypto. 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 is the time to take advantage of this. At the same time, be careful of who receives your data. In the future, that data will be much more valuable than any asset on the planet. Trade it for as much value as possible by moving in the industry early.

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