How To Earn Free Cryptocurrency Coins

If we talk about our fiat currencies and certain banking platforms, free money is not a new concept. There are many bonuses we can get using credit cards, cash-backs, or even shopping for a particular product. Moreover, this is something which is highly appreciable to us. We simply enjoy this. As our human tendency is not new to the concept of such free assets, the crypto market is also experimenting to let us earn free cryptocurrency coins. There are currently a few ways and platforms which allow us to earn free cryptocurrency coins. The earned coins can be a great addition to our initial investments. In this article, we will see how to earn free cryptocurrency coins.

Here is a quick overview of 7 ways to earn free cryptocurrency coins!

TABLE OF CONTENTS​

• Lolli – Earn Bitcoin through Online Shopping.
• Cryptocurrency Credit Cards.
• Initial Coin Offerings and Airdrops.
• Cryptocurrency Coin Interest.
• Read Articles on Publish0x.
• Cryptocurrency Exchange Referral Programs.
• Bottom Line.

Lolli - Earn Bitcoin Through Online Shopping

Lolli is a chrome/firefox extension that lets us earn bitcoins through online shopping. It has partnerships with 1000+ retailers across the US. If we shop through these partnered retailers using the extension, we can earn up to 30% of bitcoin rewards.

When we make a purchase, the retailers pay Lolli. In return, Lolli sends us either bitcoin to our Lolli wallet. The bitcoins earned can then be transferred to our crypto wallet or exchange accounts.

Here is the link to the Chrome Extension if you wish to check it out: Lolli

Cryptocurrency Credit Cards

Just like our normal credit cards, certain exchange platforms and fintech companies are offering cryptocurrency credit cards. Credit Cards give us cash-backs, credit rewards, and also certain other benefits on every purchase we make. Similarly, cryptocurrency credit cards reward us with cryptocurrency on every swipe.

We have certain platforms like Gemini that have introduced credit cards that let us earn up to 3% of cryptocurrencies like Bitcoin, Ether, and 40+ others. Some fintech companies like BlockFi have also introduced cryptocurrency credit cards with up to 1.5% back in bitcoins.

Initial Coin Offerings And Airdrops

Just like initial public offerings in stocks, we also have initial coin offerings (ICO’s) in which we can invest in the newly launched coins. Many airdrops are also planned by many platforms in which we are verified for certain qualifications. Once qualified, the platforms pay us the new cryptocurrency directly to our digital wallet address. Any coins earned through this are taxable income.

Interestingly, these two methods are also prone to scams and hacking. We should thoroughly verify the information and its authenticity. There are cases in which fake airdrops and initial coin offerings are planned for a coin that does not even exist.

Cryptocurrency Coin Interest

There are certain exchange platforms that let us earn interest in our cryptocurrency coin holdings. BlockFi is one such platform that lets us earn interest on Bitcoin, Ethereum, and stablecoins. The earnings can be up to 7.5% in BlockFi. Another platform is Gemini Earn that lets you lend your cryptocurrency holdings to institutional borrowers. You can receive up to 8.05% APY on your cryptocurrency, including stablecoins. Some more names are Nexu, Celsius Network.

Interest earned using these platforms is taxable and it is our responsibility to specify while filing our taxes.

Coinbase Earn

Coinbase is a very famous and active cryptocurrency exchange. It lets us earn free altcoins through its learning portal. We can learn how different cryptocurrencies work, take quizzes and watch videos. The learning content is specific to particular altcoins only. The earnings would also be in the same altcoin for which you learn through their resources.

Read Articles On Publish0x

It is pronounced as Publish only, the “0x” is silent. It is a crypto agnostic publishing platform wherein the authors and the readers are rewarded with two cryptocurrency coins as of Jan 1, 2022. The coins are Ampleforth and iFarm.

Publish0x rewards cryptocurrency coins through a setup of ad revenue generated by the site. A portion of ad revenue is rewarded as cryptocurrency to the readers and the authors.

Cryptocurrency Exchange Referral Programs

This is by far the most common scheme that is known among crypto enthusiasts. Many of the crypto exchange platforms offer a referral program. If I refer my friend and he signs up on the exchange platform, I get a reward. Some of the famous crypto exchanges offering such programs are Crypto.com, BlockFi, SoFi, Nexo, Coinbase, Gemini, and much more. You may read a lot more on these crypto exchange platforms here.

Bottom Line

Cryptocurrency is something that is undeniably the next mass appealing asset in the financial market. We can even see the initial investments and platforms along with advancements in crypto tech. Considering the current opportunities to earn free crypto coins, this can be quite beneficial for all of us. But we need to be cautious in our approach for many schemes may be prone to scams and fake investments. As every cloud has a silver lining, so does this!