How can I get free bitcoin no deposit?
If you want to earn cryptocurrency for free without depositing any money, there are several different ways that you can approach this. The first is that there are a variety of platforms that are giving out free cryptocurrency as a reward.
This can be an easy way to get your hands on some crypto so you can start trading and grow your wealth.
Which platforms are giving out free bitcoin?
As a way to attract new investors, some crypto exchanges offer free cryptocurrency for new users as a sign-up bonus. Some of the most popular ones are:
If you’ve already started investing in cryptocurrency, or are thinking about investing your money, eToro can be a great place to start.
While there are a variety of cryptocurrency exchanges available, eToro can offer you a sign-up bonus of up to $250 if you start investing through it, which you can use to buy over a dozen different cryptocurrencies on the platform. This can be a useful way of getting free crypto by using this sign-up bonus productively.
However, please bear in mind that you’ll need to deposit and trade at least $5,000 in order to qualify for this promotion. Of course, if you were planning to invest with the platform anyway then this is essentially free money.
As you may have read in my review, eToro offers professionally managed portfolios, including bitcoin portfolios, through which people can grow their money. As you might imagine, this can make them a great option for new investors.
Furthermore, with over 20 million users, eToro is regarded as one of the most secure and trustworthy crypto exchanges in the world.
Voyager is another cryptocurrency platform that offers you ways to earn free bitcoin. On this site, you can buy a variety of tokens, including bitcoin, ethereum, and many others.
What’s particularly notable is that this platform offers you an interest-bearing crypto account. This allows you to earn up to 10% interest on your cryptocurrency holdings.
Furthermore, when you deposit $100 or more into your account, you can get up to $25 bitcoin as a bonus.
When you deposit more than $1,000 into the Celsius Network, you can get free crypto as a reward. Typically you get a bonus of $10 of free bitcoin, though if you hold the deposit for three more months then you can double this amount with another reward.
Furthermore, you also have the opportunity to earn interest on your bitcoin holdings at a rate of 17%, which can rise up to 25% if you keep a portion of it in CEL, the platform’s native coin.
If you already have a crypto portfolio and you want it to work harder for you, you could use your crypto to earn regular passive income. If this sounds good, BlockFi might be for you.
This company offers cryptocurrency savings accounts with an interest rate that allows you to earn crypto with little effort. The typical annual compounded interest rate for these accounts is 8.6% and is paid in monthly instalments.
You can choose whether you’d prefer to earn your interest in bitcoin, ether tokens, or US dollars (USD). The site also has a very high withdrawal limit of 100 bitcoin per week.
This can be a significant amount of money, so you’re unlikely to run into any issues.
Furthermore, you may feel more confident to know that when you invest through this platform, your deposits are insured through Gemini, which is one of the most highly-regulated cryptocurrency companies on the market.
BlockFi is also considered to be one of the easiest platforms to use, which can make it perfect if you’re new to the cryptocurrency market.
While it might be tempting to immediately rush to take advantage of the rewards that these sites offer, it’s important to weigh them up carefully and pay attention to the terms of these bonuses.
For example, you may be asked to provide more personal information, or do other actions in order to be able to claim your reward.
Furthermore, many of the bonuses often aren’t lucrative enough to make you sign up to a completely new exchange if you already have an account with another.
Of course, if you’re a beginner then it may be worth keeping an eye out for rewards that different exchanges offer, as this may tip the balance in their favour. While there are obviously other considerations to bear in mind, these rewards can be a nice perk.
Can I earn cryptocurrency through cashback?
One of the simplest ways to earn cryptocurrency is through cash back incentives. While this might sound strange initially, it isn’t as unusual as it appears as this reward has become more widespread in recent years.
Crypto.com has recently partnered with Visa to offer a prepaid card with an added cryptocurrency cashback incentive. When you purchase things with this card, you will be rewarded with the site’s own native coin, MCO.
The platform also offers different tiers of rewards, depending on how many of your MCO tokens you stake on the platform.
Furthermore, the program offers 1-5% cashback on all purchases. As you probably know, this is significantly higher than the rate given on most other debit cards.
It also offers 10% cashback on Expedia and Airbnb purchases, as well as the option to receive a credit for 100% cashback on your Netflix and Spotify subscriptions.
Can I earn cryptocurrency with shopping rewards?
One surprising way that you could easily earn cryptocurrency is through online rewards when shopping.
Lolli, which you can get as either an extension for Google Chrome or Mozilla Firefox, offers you “bitcoin back” when you buy from its online retail partners.
It essentially works in a similar way to other extensions like Honey, which offers discounts and cashback when you use the portal for your online shopping. Like those programs, Lolli lets you earn rewards for spending your cash normally when shopping online, not just for making purchases with crypto.
Lolli also partners with a variety of retailers, from Nike to Sephora, and even travel companies like Malaysia Airlines. The rewards that you can earn range from 1% to as much as 30% bitcoin back, depending on what you buy and who you bought it from.
These rewards will be transferred straight into your Lolli Account once you’ve made a purchase. From there, you can then transfer them to your digital wallet or exchange account to use how you wish.
What are crypto faucets?
One relatively safe way to earn cryptocurrency is through crypto faucets. These are platforms that can reward you with free crypto for completing certain tasks.
For example, these sites could let you earn free crypto as you play games, watch videos, or take surveys. Of course, while they may only provide small amounts per use, this can add up over time.
One of the most well-known and widely trusted faucets is Cointiply, which has more than 1.7 million users.
To maximise your earnings, you can gain a loyalty boost of up to 100% if you log into your account at least once a day. This can help you to grow your crypto more quickly.
Of course, there are a variety of other faucets out there, so you may want to search online to find other places to earn free bitcoin. Of course, it goes without saying that it’s important to be careful – if the free crypto they are offering sounds too good to be true, it probably is.
What are crypto airdrops?
The final method of getting free crypto is to use airdrops, although it is important to be aware that these carry a significant amount of risk.
When developers start new crypto projects, they often perform airdrops when they want to generate publicity and gain more traction for them. Simply put, this is a marketing strategy in which they give away free coins in the hope that more people get involved.
As you might imagine, it can often be hard to compete with existing coins, which can make it difficult to gain a foothold in the market. However, a crypto airdrop gives some of the new cryptocurrency out to people to raise greater awareness of it.
If you want to take advantage of airdrops, it’s important to search around online. They are often promoted on a company’s website or by their users on social media and on crypto news sites.
If you meet the standards of the developers, they will often send you some coins straight to your crypto wallet.
While airdrops can be a useful way of growing your crypto portfolio, it’s important to be careful with any new cryptocurrency projects. This is because fake airdrops and initial coin offerings (ICO) are common scams used by criminals to gain access to your cash.
If you fall victim to one of these scams, you could lose a considerable amount of your own money and it is very hard to get it back.
Furthermore, even when they are real, many of the tokens that you can earn through airdrops aren’t always a good investment in the long term. Not all cryptocurrencies succeed, after all.
How can I get 1 bitcoin for free?
So, to sum up, there are six main ways that you can earn free crypto. These are:
This can potentially earn you a significant amount of money by earning crypto as a reward for solving complex calculations. However, this can be highly time-consuming and there is no guarantee of success.
Many crypto exchanges offer a sign-up bonus of cryptocurrency when you use their services. Of course, if you already have an account with another then it may be worth weighing up if the decision is worth the extra money you earn. Furthermore, many will let you earn extra by sending a referral link to a friend.
When you save your money with some companies, they will let you earn interest in bitcoin or other tokens instead of cash. This can be an easy way to grow your crypto portfolio.
You can download browser extensions that let you earn crypto when you buy from certain online retail partners. This can be a very simple way to get free crypto.
You can potentially get free crypto through websites that require you to fill in surveys and watch videos relating to cryptocurrency to earn rewards. These typically offer a small amount of crypto per activity but this can quickly add up to a large amount.
When a new cryptocurrency is launched, you may be able to get access to a small amount of these coins through an airdrop. Keep an eye out on social media or company websites for opportunities to do this. However, make sure to be wary of scams.