Let's face it, the world of cryptocurrencies is a volatile market. Whether we like it or not, it is a fact. If we compare it with other markets worldwide, it is still a small market but with immense growth potential and where at the moment the majority of the money is focused on a single cryptocurrency, Bitcoin.
But who wouldn't want to master ways to earn free cryptocurrency? Here I show you five ways you could earn crypto for free in 2024.
#EarnFreeCrypto2024
1. Participation in Airdrops
This marketing strategy used by new blockchain projects to gain visibility during their initial phases or launches is based on delivering tokens for free to the projects' communities in exchange for supporting the projects.
It has undoubtedly become a popular practice among members of the Web3 communities and more and more users are awaiting future 'airdrops' of projects with great future projections.
Although it is not always simple. Many times, the process is complicated. Creation of Web3 wallets, staking tasks, notifications on social networks...
Binance, for its part, has just launched Binance Megadrop. A product focused on the launch and support of projects within the Binance ecosystem, ensuring a 'private airdrop' for all Binance users who temporarily lock their BNB on the platform.
2. Acceso a ‘Launchpools’ y ‘Launchpads’
One of the most profitable products of some cryptocurrency projects and platforms are Launchpools and Launchpads. Or in other words, launch platforms that allow you to access tokens before they start trading on the market.
They normally have simple operation. For example, Binance Launchpool allows its users to obtain new tokens from Web3 projects, previously filtered by the Binance team only for temporarily blocking your assets (cryptocurrencies). Typically, assets need to be locked for between 3 and 7 days, although this may vary depending on the project.
3. Cryptocurrency staking
'Staking' is a term that seems from another world but is nothing more than a process within each blockchain where users participate in the validation of transactions and the security of the network by temporarily locking your cryptocurrencies in the system. In exchange for their participation, users receive rewards in the form of additional cryptocurrencies.
Binance has Earn, its staking platform that allows users to lock their assets and earn passive returns. Simply choose the cryptocurrency you want to lock, select the time period and start earning. Interest is paid daily or annually, allowing you to earn additional cryptocurrencies for virtually nothing.
4. Referral programs
Referral programs are something that has been around for a long time. Even before the arrival of cryptocurrencies.
By concept, a referral system is nothing more than a marketing model in which a company pays commissions to external affiliates for bringing traffic or sales generated from the affiliate's referrals. Affiliates promote the company's products or services and earn a share of the profits from any sales their promotion leads to.
Each platform has its referral system and its conditions, but it is undoubtedly a good method of generating long-term income and especially for people with large audiences of followers.
Binance has one of the most generous referral programs in the crypto world. You can receive up to 40% of the transaction fees that your referrals pay on the platform. In addition, Binance periodically distributes bonuses to the most active users of the referral program.
5. Learn and Earn
'Learn and Earn' as its name suggests are educational programs within cryptocurrency platforms where you can earn some cryptocurrencies, if you first learn and educate yourself about them.
For example, the program Binance Learn and Earn is a program that rewards users for learning about different cryptocurrencies. Just watch some educational videos, complete a test, and you can earn free cryptocurrency. It's a great way to earn while learning about the crypto world.
These are just five of the many ways you can earn free crypto in 2024. Since the cryptocurrency space is so changing, we may see even more exciting ways to earn free crypto in the future.