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Best Ways to Earn Free Cryptocurrency

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Contributor, Benzinga

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. 

Platforms Giving Out Free Crypto

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

Commissions
Depends on security and leverage
Account Minimum
$50 for US and Australia; $200 everywhere else

1. eToro Sign Up Bonus

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 $250 sign up bonus to new investors, but you’ll need to deposit and trade $5,000 to qualify for the promotion. Nonetheless, $250 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.

2. Coinbase Earn

Coinbase is primarily a trading platform, but you can also get free crypto worth around $30. With its Earn 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 the video, take the quiz and answer the questions correctly to get the 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 referring other people to the Coinbase Earn project.

Commissions
FREE
Account Minimum
$10.00 USD

3. Voyager Exchange

Voyager offers a great cryptocurrency platform for both mobile and desktop use. You can buy popular cryptocurrencies like Bitcoin, Ethereum and dozens of other altcoins.

What’s more, you can deposit your cryptocurrency into an interest-bearing account, allowing you to earn up to 10% interest on your cryptocurrency holdings. Deposit $100 or more on Voyager, and you’ll get $25 in Bitcoin as a bonus.

4. Staking Cryptocurrency

Staking cryptocurrency is one of the most innovative ways to earn free cryptocurrency in the form of interest. While staking crypto can get complicated on platforms like Aave, Compound and Uniswap, there are options to stake cryptocurrency on exchanges like Coinbase and Gemini. These platforms let you stake Ethereum on the ETH2 network; ETH2 is the proof-of-stake upgrade to Ethereum. This allows users to earn around 7% interest paid in Ethereum on users’ cryptocurrency positions.

If you want to stake your crypto on Coinbase, you’ll need to join the Ethereum staking waitlist. Once approved, you can start staking your Ether tokens to earn interest on your crypto. No looking to wait to stake? Gemini allows investors to begin staking their cryptocurrency for interest right away, so you can start growing your crypto positions today.

Best For
Earning Rewards
Overall Rating
Get started securely through Coinbase’s website
Commissions
Account Min
$0
1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For
  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform
Pros
  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins
Cons
  • Higher fees than competitors
Best For
New Investors
Overall Rating
Get started securely through Gemini Crypto’s website
Commissions
. 25% or less
Account Min
0.00001 BTC
1 Minute Review

Gemini is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. 

In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

Best For
  • New investors looking for a simple mobile and web app
  • Experienced investors who need a more advanced platform with more tools
  • Users looking for a 1-stop-shop to buy, sell and store all of their coins
Pros
  • Easy and quick signups — can get started in as little as a few minutes
  • Multitude of platforms to accommodate traders of all skill levels
  • Hot wallets include insurance to protect your from theft and hacking attempts
Cons
  • Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app

5. 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, 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.

Pricing
No fees
Account Minimum
$0

6. Celsius Network Sign Up Bonus

Deposit more than $1,000 in crypto into the Celsius Network, and you can get a signup bonus of $10 in Bitcoin. If you hold the deposit for 3 months, you can double your free Bitcoin with another $10 free reward.

You also have opportunities to earn 10% interest on Bitcoin with an additional 30% for holding a portion of your stake in CEL, Celsius’ native coin. This is similar to staking crypto, but the platform uses your position to lend funds to investors, similarly to how traditional banks operate.

7. BlockFi Savings Account

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 come with no strings attached. Platforms that want to expand their users base sometimes offer crypto airdrops, sending free cryptocurrency tokens to users for simply using their platform. The 1st major example of a crypto airdrop was Uniswap; the platform gave 400 UNI tokens to each wallet connected to the platform, worth over $9,000 today.

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 10,000 free Zing tokens, checkout the sign up page on our website.

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.

Best For
New Investors
Overall Rating
try for free securely through Gemini Crypto’s website
Best For
New Investors
N/A
1 Minute Review

Gemini is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.

Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. 

In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.

Best For
  • New investors looking for a simple mobile and web app
  • Experienced investors who need a more advanced platform with more tools
  • Users looking for a 1-stop-shop to buy, sell and store all of their coins
Pros
  • Easy and quick signups — can get started in as little as a few minutes
  • Multitude of platforms to accommodate traders of all skill levels
  • Hot wallets include insurance to protect your from theft and hacking attempts
Cons
  • Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app
Best For
Crypto Trading
Overall Rating
get started securely through eToro’s website
Best For
Crypto Trading
N/A
1 Minute Review

eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features

Best For
  • U.S.-based cryptocurrency traders
  • Social and copy traders
  • Simple user interface
  • Community engagement and following other traders
Pros
  • Expansive network of social trading features
  • Large client base for new traders to imitate
Cons
  • U.S. traders can only buy cryptocurrency
  • Only 15 cryptocurrency pairs available
Best For
Earning Rewards
Overall Rating
earn free crypto securely through Coinbase’s website
Best For
Earning Rewards
N/A
1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For
  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform
Pros
  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins
Cons
  • Higher fees than competitors
Best For
Low Minimums
Overall Rating
get started securely through Webull’s website

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.

Methodology

Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.


Try Gemini

Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface. Gemini Crypto Platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with Gemini now.

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