Ways To Earn Free Cryptocurrency Online

Here in Nigeria, We like free things and Free things like us. Besides, who wouldn’t like an opportunity to earn free cryptocurrency? Since cryptocurrency is one of the most trending topics in today’s world. It is possible that one can earn crypto without having to buy them.

Mining

Crypto mining is one of the easiest ways to earn free cryptocurrency. Put simply, It is a competitive process that verifies and adds new transactions to the blockchain for crypto that uses the proof-of-work (PoW) method. Miners run mining “rigs” which are computer equipment that generate new blocks of transactions to be added to the cryptocurrency blockchain. In return, they are rewarded by earning newly minted coins and transaction fees.

Bitcoin Games

Different games on Google Play Store and the iOS app store allows players receive crypto for free. For instance, games like DemiGods II, The Dalai Panda, Street Magic, House of Doom|Dark, Knockout Football, Charms Crush, Cops n’ Robbers, Book of Dead etc offers winners free coins. Another example is Rollercoin. Rollercoin credits users with a power called hash rate when they pass levels. This power allows them to simulate crypto mining right inside the game. 

Referral bonus 

Some crypto exchange platforms offer crypto to their users when they sign-up as well as referral bonuses for using their services.

Crypto staking

Buying and holding coins for the long-term or stacking coins is one of the ways to earn coins. When coin holders stack coins, they can get rewarded. However, the rewards vary from coin to coin. Cryptocurrencies that use a “proof-of-stake” protocol to validate and manage their decentralized system,  give those who own the digital currency a chance to participate as a validator and earn income through staking their coins. 

Learn and earn

Some websites offer users opportunities to learn about cryptocurrency and earn a small amount at the same time. The websites may require them to watch some videos, and take a short quiz which they have to pass to earn the bonus. For instance, websites like

Coinbase Earnoffers rewards to people for learning about crypto. Likewise, CoinMarketCap.com provide people with an opportunity to get free rewards. The only disadvantage with the “learn and earn”, is that you may end up getting the cryptocurrency you don’t want.

Crypto lending

When users lend crypto to borrowers, they earn interest in the transaction. This is called decentralized finance, or DeFi. Similarly, one can use digital currencies and decentralized

apps to earn money through peer-to-peer lending. Before lending money, be sure that the potential borrower can repay the money. Additionally, one can team up with other lenders, to help reduce the risk or only lend small amounts.

Take surveys

Some survey websites offer people an opportunity to take surveys and get some coins. An example is a Free cash, which offers up surveys, games or other paid offers every day. What’s more, people can get their payouts in cryptocurrency, dollars and gift cards. 

Final words

The cryptocurrency world is volatile and rife with scams. Although the scam tales are not entirely new.  The situation can even be worse in the world of free giveaways. That’s because scammers love to prey on those looking for a giveaway on the next big thing. It is, therefore, advisable for one to be cautious while looking for free cryptocurrency.