Do you know? we can actually get cryptocurrency for free. and of course the crypto can be stored or traded. In the method explained below, investors can get free crypto in the form of promos and free coins. However, each method described has its own advantages and disadvantages. And also each existing method has a different amount of reward and level of risk. One of the risks that can occur is getting a blockchain project that is a scam. Here are several ways to get it:
1. Crypto Faucet: A way where we can get crypto for free by carrying out several tasks. The task is on a website and other platforms. These tasks are like completing missions in the game. The mission can be in the form of watching a video, clicking on an ad, or completing a captcha. This method has the main focus, namely promoting the coins given to users. This method usually gets relatively little reward. This faucet has several types based on the rewards we will receive. There are BTC faucets, ETH faucets, task faucets, mining faucets, and game faucets. After that, we need to choose which one we will use to get the crypto. Each type has a different method but has the same goal.
2. Airdrops: This method is often discussed and is one of the popular ways to get free crypto. Here investors are given free coins to certain holders or communities. This is intended to support blockchain projects that are being developed. We can get information related to this airdrop on forums, news platforms and also social media. Usually the coins that are released have a fairly large percentage increase. In other words, this method is ICO (Initial Coin Offering). Where later users can get the best price when their coins or tokens are launched on the exchange. When the coin is launched, by looking at historical data, the coin can increase by up to 1000% (one thousand percent). If we use Binance, usually the currency used to redeem this airdrop is BNB and FDUSD. To take part in the airdrop itself, we need to enter funds with a certain nominal value. Distribution of tokens or coins can use smart contracts. However, you also need to be careful because this method can result in phishing data. Where we need to be selective in following it and don't let our data be taken and used by irresponsible people.
3. Staking: This method uses the Proof of Stake method. We get rewards when we save a certain amount of funds to help secure a network. By supporting this security, investors can get cryptocurrency for free through the interest rate stated at the beginning. And also the interest rate for each coin can be different. The staking results that have been received will usually go directly into the wallet according to the coins we entered. Proof of Stake itself is an evolution of the previous method, namely Proof of Works (PoW). Many coins or tokens can be staked on the market. We can choose which one is suitable for us in terms of risk and reward. In the staking menu on Binance, we can choose which one is low risk, as well as which one is high yield (high interest). If you look at the Binance exchange, the popular staking is still BTC and ETH staking. To take part in the airdrop we only need to follow the requested processes. You can do this on several exchanges with different reward levels. We can later exchange these rewards for USDT or the coins we want. So that we can use the exchange results optimally.
4. Referral Reward: Many people probably already know this method and are often used to get free crypto. This method allows users to get free coins by inviting other people to register on the platform they use. In this system, users will usually get a unique code or registration link that can be accessed by potential users. Usually the rewards given can also be in the form of discount promos on the platform or cryptocurrency rewards. Usually this method is used by almost all exchange platforms in the world to get an increase in the number of users. Usually the more users invite other people, the reward will become bigger and you can even get special benefits.
5. Bounty Reward: This method is usually used to increase blockchain development. Where users help to look for system errors, bugs, and many things related to blockchain development. When successful in helping to find this, the user is entitled to get crypto currency. The aim of this method is for crypto developers to always innovate to improve in the future and become better overall. This method also aims to promote to increase awareness among existing potential users. Where community support and involvement plays an important role in the success of a project. The media used is social media by sharing video tutorials, contributions to blockchain development, and so on.
6. Mining: Usually this method is used to verify and validate transactions and data in a blockchain. This method focuses more on how a device can validate a mathematical puzzle problem using a computer. However, the free cryptocurrency reward has initial capital to build a special computer device. This method is the previous generation of the method we previously discussed, namely Proof of Stake (PoS). Since crypto mining has moved to the PoS method, the rewards received by miners have decreased and the computer equipment used has decreased in selling price. This mining capability means the amount of reward received is calculated in Hashrate units. The better the specifications of the computer device can determine how much reward we can receive. However, mining itself has a weakness, namely that it requires adequate space. Because mining is on twenty-four hours, it requires good circulation so that the device doesn't heat up quickly. And also the disadvantage is that it has more costs, such as internet networks and electricity. When mining starts, users can mine various coins with various rewards offered. Note that while this method can be a way to earn free crypto, it also has risks. Always do your research before starting this activity. We can also choose a method of getting cryptocurrency for free, but we need to know our risk profile and also know how much profit we can make. This needs to be paid attention to so that we don't get trapped by the promise of good results. When we succeed in getting free crypto currency, we can use it for trading and investment needs. Please choose which one is right for you and understand the risks first before jumping into it to get free crypto using the method above. #EarnFreeCrypto2024 #DISCLAIMER:
