Is there really anything you can get for free? Ever since interest in cryptocurrency has risen, getting your hands on coins isn’t as affordable as it used to be. But, believe it or not, there are ways you can get crypto coins or free! Here are some ways you can get free crypto coins:
Look out for wallets with coin promotions
Since crypto startups are popping up all over the place, many of them use marketing strategies to create enthusiasm for their products and services. Newly launched companies might offer free coins when you choose to use their wallets. Getting free coins with this method requires very little effort on your part, besides doing proper research. There are lots of wallets out there and many of these free coin offerings are scams. It’s important to make sure you only download secure wallets to prevent yourself from falling victim.
One of the easiest ways to get free coins is through holding a cryptocurrency wallet and getting free coins from airdrops. This method requires almost no effort on your part, however, you’ll need to own a wallet that already has cryptocurrency in it.
Airdrops are basically marketing strategies that companies use to promote their products. For instance, a new crypto project could leverage Ethereum’s blockchain platform to create tokens. When these new tokens are launched, the company may choose to airdrop tokens to anyone with an Ethereum Wallet. OMG tokens were airdropped when it first launched. To take advantage of these airdrops, you’ll need to be in-the-know of the latest crypto news and information.
Take advantage of hard forks
Hard forks are quite similar to airdrops in that free coins are given out to attract more investors on board. When a new blockchain protocol put in place, a new system splits away from the old system. This can happen for multiple reasons — regular updates, or internal discord. The Bitcoin vs Bitcoin Cash hard fork is one of the most well-known hard forks in cryptocurrency. Coin teams give out coins to individuals who choose to abandon the old blockchain in favour of the new system. Like airdrops, you will need to own coins to reap the benefits of free coin offerings to benefit from hard forks.
Never heard of hard forks? Read about it here.
Use dApps that reward you with cryptocurrency
dApps are decentralised applications built on a blockchain. These applications leverage the blockchain system to provide certain services or complete certain tasks. When you complete tasks on certain dApps, you will be rewarded with cryptocurrency. These tasks can range from filling up surveys to writing coin reviews online.
Getting free coins through using dApps requires more energy and effort on your part. However, it is an honest approach which means you’ll be exposed to less risk.
Making use of crypto faucets
This method of getting free coins requires the most amount of effort on this list. To earn coins through faucets, you will need to complete tasks like clicking on ads, playing games, or other tasks that help a certain company earn ad revenue. Usually, you only receive a small amount of cryptocurrency in return for your effort, however, whether you receive these coins or not is not guaranteed. Faucets are one of the riskier ways to get crypto coins because many of these ad-riddled sites require you to keep up with your tasks to keep your earnings.
That being said, there are some credible faucets you can check out such as freebitcoin.in and faucethub.io.
Getting free coins is exciting but it’s also important to stay vigilant against scams. There are many malicious schemes out there that pretend to give out free coins and instead look for ways to hijack computers to steal computing power for cryptocurrency mining. Before you embark on getting free coins, make sure you do your research so prevent falling victim to these scams.
More from New to Crypto?
If cryptocurrencies are digital tokens, how can they be burned? Coin burning is unique to the cryptocurrency market and could …