Although nobody is just going to hand you a particular amount of crypto coins for nothing in return, there are nonetheless a number of ways in which, with some time and effort and, sometimes, an initial investment, you can earn some cryptocurrency for free online. This article will outline some possibilities.
A first good idea is to download a cryptocurrency wallet that will offer you free currency just for making an account; some wallets have this as a sign-up offer for a limited time, in order to encourage new customers to start using them or their native coin. It is important, though, to be wary of downloading malware, since this may give hackers access to your existing crypto coins! Sometimes ICOs, too, will provide sign-up bonuses in the form of free crypto coins, or will offer bonuses if you can get a friend to sign up.
Using affiliate programs in general is a good idea: if you’re signed up for an exchange or ICO, you can often get an affiliate link, which is a link your friends can use to sign up. If they do sign up through this link and invest money in the exchange or ICO, then you will get a reward. Once again, in this regard, it is important to ascertain first whether you are signing up to a legitimate exchange or ICO; in the case of an ICO, the ICO whitepaper and roadmap can help you figure this out. Otherwise, it is important to do some online research to ensure that the deal you are signing up for is a real and reliable one.
Another very lucrative but hard-to-predict way to earn cryptocurrency is by having a particular cryptocurrency in a wallet at the time that a hard fork occurs, since this often means that every user receives one new coin for every old coin in their wallet. A good example of this is the moment when those owning Bitcoin received one free BTH (Bitcoin Cash) for each Bitcoin in their wallet in August 2017, when the hard fork between Bitcoin and Bitcoin Cash happened. This is obviously, as stated before, hard to predict, and hard forks don’t occur every day, but if it does happen, it can be extremely profitable – essentially, Bitcoin owners doubled their capital when the fork happened!
In addition, there’s also various ways to get paid in cryptocurrency for particular actions performed: this includes playing games which pay out in cryptocurrency (usually when you consent to watching particular ads), publishing articles and having them upvoted on Steemit (which earns users payment in Steemit, the website’s native coin), or getting tips in cryptocurrencies on websites such as Twitch. These options do come with some effort on your behalf, but they are technically free.
A final option, which is technologically complicated but theoretically free, is of course mining – perhaps the primary way in which cryptocurrency users can get hold of “free” crypto. In this way, users allow the blockchain system to use part of their processing power in order to verify transactions, and they are rewarded for this in crypto coins. It must be borne in mind, though, that depending on the cryptocurrency, this method does require quite advanced technological equipment and, of course, significant costs in terms of the electricity used, too. It is always important to weigh the costs against the profits, to see if this option is worth it.