Cryptocurrency is on the rise. Not only are corporations starting to add Bitcoin to their balance sheet, but they’re also exploring the use of several other cryptocurrencies.
According to data from Blockdata, $23 billion of funding reached blockchain and crypto companies in 2021.
With the rising popularity of crypto, there are many ways to earn it for free in 2022. This blog post will cover how you can do just that using simple methods with minimal effort.
Let’s get started.
How to earn crypto for free
Here are some powerful strategies you can use to jumpstart your portfolio and earn crypto for free.
1. Earn while you Learn
One method to earn crypto is by learning about it. There are many sites and platforms that offer educational resources in exchange for cryptocurrencies, like Bitcoin, Ethereum, and other altcoins.
These institutions not only teach you how to invest in cryptocurrencies but also how to use them securely, about the technology, and different crypto options you can invest in.
They typically provide coins for completing modules, answering questions, or completing a quiz. For example, Coinbase offers a variety of courses on different cryptocurrencies you can invest in and while allowing you to earn free crypto tokens after completing short quizzes.
You can find other academies and institutes here:
2. Earn Crypto Credit Card Rewards
Another way how to earn free crypto is by using a card that gives you cryptocurrency as cashback. In most cases, these cards offer incentives in the form of coins or tokens from leading blockchain companies like Ethereum and Bitcoin.
Like traditional rewards credit cards, crypto reward cards provide you with bonuses and perks in exchange for spending. The “cash back” you earn for daily spending is paid out in the cryptocurrency of your choice and usually pay you anywhere from 1% to 8% in crypto rewards.
Here is a list of some of the best crypto credit cards:
3. Stake your crypto
Staking is a process where you lock up your coins to earn more coins. In most cases, stakers receive rewards for holding their cryptocurrencies in designated wallets and they’re usually paid in the form of new tokens or newly mined cryptocurrencies.
For example, if you hold Ethereum and stake it on certain exchanges, you’ll be rewarded with passive income anywhere from 4% to 10%.
In order to stake your coins, you’ll need to set aside some of your total holdings and leave them in the staking wallet for a designated period of time.
The longer you stake, the higher the rewards.
You can find a list of the best staking opportunities here:
- Ethereum (ETH)
- Tezos (XTZ)
- Cardano (ADA)
- Polkadot (DOT)
- Polygon (MATIC)
4. Earn Interest on your Crypto
Another way how to earn crypto is by holding it in a designated interest-earning wallet.
In most cases, you can expect to receive anywhere from 0.50% to as high as 15% on your investment every year.
All you need to do is hold your coins in the designated wallet and wait for them to accumulate interest.
The longer you leave them in the wallet, the more interest you’ll earn.
Here are some of the best interest-earning wallets:
5. Lend your crypto
Lending your coins to others is another way how you can earn free crypto.
In most cases, coin holders lend their cryptocurrencies to other investors in exchange for interest or a set fee per transaction.
You can find a variety of lending opportunities on exchanges, websites, and apps.
For example, Celsius Network allows coin holders to use their cryptocurrencies as collateral to borrow from other investors.
You can lend your coins on exchanges like Binance and earn a percentage of the total transaction fees that are generated.
Here are some of the best crypto lending platforms:
6. Mine crypto
Mining is the process of verifying and adding new transactions to a blockchain. In return, miners are rewarded with newly minted coins or tokens.
In order to mine cryptocurrencies, you’ll need specific hardware and software that can be expensive. However, there are now mining pools that allow users to share in the rewards without having to invest in the necessary hardware.
You can also mine cryptocurrencies through cloud mining, which allows you to rent hash power from a data center and start mining.
Here is a list of the best crypto mining pools:
7. Use a crypto faucet
A crypto faucet is a website or app that rewards users in cryptocurrency for completing simple tasks, like watching ads or playing games.
In most cases, the rewards are very small and can only be used to purchase low-value items.
However, there are now a few platforms that allow you to exchange your rewards for larger cryptocurrencies, like BitCoin or Ethereum.
You can find a list of the best crypto faucets here:
Frequently Asked Questions
What are the best ways to earn free crypto in 2022?
There are a number of ways to earn free crypto in 2022, including staking, lending, mining, and using faucets.
The best way to get free cryptocurrency with minimal effort is by holding it in a high-interest wallet or lending it to other investors.
What apps give you free cryptocurrency?
There are a number of apps that can give you free cryptocurrency, including mobile faucets and mining pools.
In most cases, the rewards from these platforms are very small and should only be used to earn more crypto or purchase low-value items.
Coinbase is one of the best apps to get free crypto and allows users to earn rewards for referrals or by taking short quizzes. Likewise, BlockFi is great for earning free cryptocurrency by offering users high interest on their deposited cryptocurrencies.
Conclusion: How to earn crypto for free
In conclusion, there are a variety of ways how you can earn free cryptocurrency in 2022. How much you earn depends on how much time you’re willing to invest and what your current cryptocurrency portfolio and spending habits look like. My favorite way to earn crypto for free is by earning crypto rewards with credit cards, such as the Coinbase Card.
However, one of the best ways to get free crypto with the least amount of effort is by holding it in high-interest wallets, staking it, or lending it to other users through exchanges and specialized apps.
You can also mine cryptocurrencies with cloud mining software, but this method requires an investment into expensive hardware. Lastly, you can use crypto faucets and learn to earn programs to get small rewards for completing simple tasks.
Make sure to research each platform and method in order to find the best way how to earn free crypto that suits your needs.