Earning free cryptocurrency has become increasingly appealing in 2024. Various ways to earn free crypto include:

* Airdrops

Crypto airdrops involve distributing free tokens to users, typically as part of a promotional campaign. They are an ideal way to earn free crypto for those who do not want to invest a significant chunk of their earnings in digital assets.

* Staking

Staking is the practice of keeping a specific quantity of cryptocurrency in a wallet to maintain a blockchain network’s security and functionality. Participants receive prizes in exchange. Staking is frequently linked to consensus procedures like proof-of-stake (PoS).

* Crypto faucets

These online services give users free or minimal amounts of cryptocurrency in return for doing easy activities. These websites take their name from the idea of water faucets dripping water, “dripping” little amounts of altcoins, or cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or others. Users usually have to register and finish some tasks.

* Learn and earn

The following platforms provide incentives for learning about cryptocurrency:
1. Coinbase Earn 2. CoinMarketCap Earn 3. Gemini Earn 4. Kraken Learn 5. Binance Academy

* Play-To-Earn (P2E) games

The idea of “play-to-earn” (P2E) gaming allows users to earn cryptocurrencies while engaging in video games.

Eg. Decentraland, Axie Infinity, Sandbox

* Referral programs

Binance

When the referee completes trades, Binance offers referral benefits in a variety of cryptocurrencies, including BNB, BTC, and more., Coinbase, BlockFi, etc

Coinbase
Provides Bitcoin referral fees to both the referrer and the referee
upon the referee’s completion of an eligible purchase or exchange.

BlockFi

When a referee puts a specific quantity of cryptocurrency into their
BlockFi account, BlockFi offers referral benefits in Bitcoin for both
parties.

* Crypto cashback and savings accounts

Platforms such as crypto cashback provide incentives in cryptocurrencies for regular purchases. The site allows users to attach their credit or debit cards, record transactions and rewards them with cryptocurrency rather than conventional cashback.

* Mining

Various Methods To Mine Cryptocurrencies

Solo mining: Miners work independently to validate blocks on a blockchain, receiving full rewards but facing low probability due to high competition.

Pool mining: Miners join pools to combine computational power, sharing rewards based on contributions, and offering more consistent returns.

Cloud Mining: Miners rent computing power from remote data centers, avoiding hardware costs but facing potential scams and reduced profitability.

NB: Successful mining often requires specialized hardware like ASICs for Bitcoin or GPUs for Ethereum

* Bug bounties

Crypto projects need bug bounty programs to be secure. To participate, you must possess a strong cybersecurity skill set, including the ability to recognize vulnerabilities like SQL injection and cross-site scripting.

* Testnets

By taking part in testnets, where new protocols or decentralized apps (dApps) are tested before launch, users can receive incentives. Contributions from testnet users include functionality testing, problem reporting, and feedback.

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