Cryptocurrency is dynamically gaining its position in the global economy; it has become a new asset class and a worthy competitor to the traditional financial system. Despite the volatility of the cryptocurrency market, the demand for cryptocurrencies, especially bitcoin and Ethereum, is constantly growing, but the purchase of digital coins is becoming more and more expensive. Despite the fact that you can always buy cryptocurrency, there are other proven ways to get and earn cryptocurrencies, increase your digital assets, including free ways. Let's look at the 16 main ways to get cryptocurrency in 2022. Let's go!
Mining is one of the most legitimate ways to earn crypto, especially altcoins. The process needs high computing power as the transaction records must be added to a chain or public ledger transactions. This does require you to invest in equipment, setup, and maintenance. Simply set the computer, and it performs all the complex work. Since cryptocurrency involves solving various problems frequently, the miner is rewarded every time it solves a problem successfully.
Bitcoin is measured in units called “blocks,” and the miner currently receives 6.25 Bitcoin as a reward per block. Previously, this reward was 50 Bitcoins when BTC was first launched. However, as mentioned before, the process of mining needs a powerful processor so that your computer can outdo the other computers and solve more problems. Thus, if you can invest in the equipment, you can successfully earn rewards with crypto mining.
Cloud mining is one of the mining methods which require the least amount of effort.
Cloud mining is a mechanism to mine a cryptocurrency, such as bitcoin, using rented cloud computing power and without having to install and directly run the hardware and related software. Since this form of mining is done via cloud, it reduces issues such as maintenance of equipment or direct energy costs. This alleviates users' from complicated processes, such as the procurement of mining equipment, the logistics of transport, power management, and the operation and maintenance of the mining farms. The mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or run a free cloud mining contract. Users will be able to place an order and enjoy the services with a single click.
What is a cloud mining contract? This is when you buy mining facilities for rent for the desired period to earn bitcoin, and the miner company provides the physical availability of equipment, software, electricity, placement and maintenance on a turnkey basis.You just have to receive the mined bitcoin in accordance with your rented capacity, without wasting time on equipment.
In short, cloud mining is the practice of renting high-speed mining machines combined into “farms” for an agreed period of time. Throughout the rental period all the profit from your farms (less electricity and maintenance costs) is transferred to your cryptocurrency wallet.
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Crypto rewards are one of the most popular ways to earn cryptocurrency.
Innovative startups offering credit or debit cards provide rewards in cryptocurrency.
Crypto startup Fold was one of the first companies to offer a Visa debit card, rewarding users with bitcoins every time they made purchases from participating retailers. This project was soon followed by some cryptocurrency exchanges, such as Crypto.com and Binance, which made similar proposals.
As one of the first crypto cards, the Crypto.com Visa card fits into your life seamlessly with tons of rewards that make sense for daily life. You receive 100% back on your most-loved subscriptions, including Amazon Prime, Netflix, and Spotify. If you catch the travel bug, there are rewards there, too, with 10% back on Airbnb and Expedia purchases. You also receive exclusive airport lounge access. Rewards vary based on the card you choose, with most cards offering 3% to 5% CRO back and other rewards. There are also no ATM withdrawal fees for most cards and exclusive currency exchange rates when you maintain a higher monthly limit.
Perhaps the most profitable, affordable and easy way to earn bitcoin and other cryptocurrencies is to participate in affiliate marketing programs of companies in the cryptocurrency industry.
Every year the number of profitable partner programs increases. Cryptocurrency exchanges, trading platforms, peer-to-peer trading platforms, crypto cards, cryptocurrency mining services, crypto lending platforms, hardware and mobile wallets, crypto tax and reporting services, trading bots and others offer to participate in partner programs.
It is important to note that you can simply register in the affiliate program, get a link, promo materials, post them on your website or blog, share them on social networks or send them by email. You are not required to place a deposit on the account.
In a nutshell, this type of marketing means that the company or platform pays you when you send them customers.
This is a win-win situation.
With the advent of platforms, exchanges and companies related to cryptocurrencies, affiliate marketing has found its way into this rapidly developing space.
See the sections of crypto industry companies that offer affiliate programs in our BuyBitcoins24 Team Blog:
Interest accounts are your gateway to earning interest on your existing crypto holdings. All you need to do is deposit cryptocurrencies with a platform like YouHodler that offers up to 12% APY on cryptoassets. Instead of letting your crypto sit idle in a crypto wallet, you can make the most of it with interest accounts.
Create an account within a couple of minutes by signing up and depositing your crypto assets. There is no lock-in period or minimum deposit and you can start earning interest immediately with weekly payouts.
Staking is a process where you actively have to validate transactions (similar to mining) on a blockchain. Anyone who has the minimum balance required for a given asset can validate transactions and earn staking rewards in exchange. Various cryptocurrencies are securing their network with staking.
If you wish to earn crypto without mining it, then staking is a solid option!
Tezos, Neo, and Cosmos, among other crypto assets, can be staked.
Crypto exchanges like Binance and KuCoin allow customers to do staking so that they don’t need to deal with blockchains directly.
When a cryptocurrency splits into two distinct versions, then it is termed as a “Fork.” It usually happens due to a disagreement among developers related to a new software update. So instead of agreeing, one group decides to stick to the original version of a platform, and the other starts running a new update. For instance, Bitcoin is the original version that later forked into Bitcoin Cash. Likewise, Ethereum is a fork of Ethereum classic.
Forks are a great way of earning free cryptocurrency, although they are very rare. When it comes to a fork, the holders usually hold the pre-existing coins and receive the amount of the new crypto, which equals their holdings in the original crypto. This happened with Bitcoin, which forked into Bitcoin Cash in 2017. BTC holders received the equivalent amount in bitcoin cash, which was worth $767 back then.
Airdrops may not be as common as they used to be earlier. However, it is a great way to earn crypto without mining it. Simply put, an airdrop is when developers of a new blockchain platform give the crypto away for free to build a community of users and boost adoption. It is not guaranteed that a new cryptocurrency you receive will become valuable eventually, but you can always earn free crypto through airdrops.
Websites like AirdropAlert.com have a database of all upcoming airdrops. They provide details about platforms planning their airdrop through which you can earn crypto for free. AirdropAlert.com is the crypto industry’s #1 rated library to find trusted airdrop campaigns, giveaways and more. Helping millions of people discover new projects & find new ways to earn cryptocurrency since 2017.
Microtasks (otherwise known as bounties) are similar to airdrops. However, microtasks need some more effort than airdrops to earn crypto. They are essentially small tasks that you can perform for companies and startups to get rewarded in cryptocurrency. The tasks can be promotional, for instance: writing a testimonial, distributing a promotional video, creating a video review, and even writing a press release. You can find out about airdrops and bounties on websites like 99Airdrops for the latest microtasks and airdrops.
Learn and Earn programs are specially designed programs, where users are rewarded with cryptocurrency for learning and answering questions on certain topics. For instance, you’ll learn about a crypto-project by watching videos and then take a short quiz. If you can successfully answer the questions asked, you’ll receive a certain amount of tokens as a reward.
To set you off on your journey, the following are the top 3 Learn and Earn programs available for users.
CoinMarketCap Earn is a Learn and Earn program where, after watching videos, you test the depth of your knowledge. It’s a simple, fun, and low-risk way of earning crypto. To participate, you’ll need a KYC-verified Binance User ID and a CoinMarketCap account.Upon successfully answering the quiz, rewards get algorithmically allocated to your connected wallet. However, the token distribution begins after the completion of the campaign and takes about one month to complete.To offer its Learn and Earn program, CryptoMarketCap partners with projects like Nervos Network, 1inch, The Graph, and several others. By participating, you can earn CKB, GRT, SAND, OXT, HNT, LUNA, KAVA, and BAND. Nevertheless, you should check whether your country is among the unfortunate ones that restrict this program.
Earnathon is unique, as it’s a dedicated Learn and Earn platform with a single focus. Because there’s only one offering, you are incentivized for better and consistent learning about technical and non-technical aspects of cryptocurrencies.To build an educational model that is impactful and effective, it provides the user with crypto tokens to use in real transactions. On its journey, Earnathon aims to impart knowledge of blockchains to at least 10 million people by 2025. By 2050, the target is 1 billion. Presently, in 2021, it has 339,000+ active users.Learners earn the native ENA token, usable for staking, yield farming, and launching products on the platform. At the time of writing, a course on the ‘Evolution of Money’ is live on Earnathon. By taking this course, you can earn up to $20 in equivalent ENA. Soon, there’ll be other interesting courses, such as Celo (CELO), Bantu (BNR), Abit Network (TAT), ChainLink (LINK), and Binance Smart Chain (BNB).
EarnCrypto offers a Learn and Earn program, alongside other ways of earning cryptocurrencies. Apart from completing additional micro-tasks, you can watch videos and answer surveys to get crypto-rewards.As such, learners on this platform can earn unlimited amounts of over 100 cryptocurrencies. Moreover, EarnCrypto aims to give its users the first-hand experience of handling small amounts of crypto. Tokens get credited to your wallet, which you can then send to exchanges.To date, it has completed almost 56,000 payments to its users. Through EarnCrypto, you can earn cryptocurrencies like Ravencoin, Tron, Litecoin, Digibyte, Komodo, Bitcoin Cash, and Waves, among others. To begin, you simply need to create a free account and get going.
Depending on the cryptocurrency you are holding, you may receive its promotional giveaway. An excellent example of this is the most significant exchange globally (when it comes to trading volume) – Binance. The platform regularly holds giveaways of various kinds for its native token BNB. However, you would have to either sign up for something or complete a certain volume of trades. So it is arguable that such giveaways aren’t entirely free. If you have got some free time, you can undoubtedly earn crypto through exchange giveaways.
If you provide some sort of service or have your own blog/website, then you can earn free cryptocurrency by creating a donation page or facility on your website. Simply post the public address for your Bitcoin wallet and ask for contributions. Your valued customers and admirers will send in a small amount of bitcoin your way. Lots of charities, journalists, bloggers, and researchers are asking for donations in bitcoin. It is a creative way of earning in crypto instead of traditional fiat currency.
To organize the acceptance of donations on your website, blog, you can use special widgets, buttons and links that are offered by some cryptocurrency payment systems, such as NowPayments. To do this, you need to register in the system for free, create cryptocurrency wallets with your favorite cryptocurrencies and configure the customization of the widget for accepting donations. In addition to cryptocurrency, you can also accept donations using PayPal.
Yield farming, also known as liquidity mining, is a reward system by decentralized finance (Defi) projects similar to the bonds market. Yield farming is a process where you can lock up cryptocurrencies and generate rewards from them. After locking in your funds, you essentially grant liquidity to a Defi token to earn rewards as well as interest. Thus, you earn additional tokens besides the yield based on the project.
Cryptocurrency is a digital ledger where transactions are recorded in real-time and are arranged chronologically to be verified by the public. These blockchain operations need a master node. A master node is essentially a computer that makes the ledger available in real-time. It can be hosted on any computer and acts like a server. However, it is good to note the requirements of hosting a master node.
For several cryptocurrencies, you shall have a certain number of coins in your account. This number typically ranges from 1000 to 2500, and is based on the cryptocurrency you invest in. Through crypto master nodes, you are paid to maintain a real-time record of the transactions on the crypto network. However, this process needs some technical skills and may be better suited for advanced crypto users.
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Yet another exciting way to earn crypto is through crypto faucets. You do not need to invest any money to get crypto from crypto faucets. However, it certainly takes some time and determination to generate decent revenue. The Crypto faucet is quite easy to understand. You need to carry out simple tasks such as completing surveys, watching ads, and playing games to get a small portion of cryptocurrencies as a reward. Once you reach the minimum withdrawal limit, you can cash out these crypto earnings. There are various cryptocurrency faucets out there that you can join, and most of them pay in Ethereum or Bitcoin. Websites like Ethereum-faucet.org and Allcoins.pw offer ETH tokens for solving captchas. Crypto faucets are certainly not meant to give you a lot of cryptos right away. However, if you have the time to carry out tasks, then it is a great option.
The best way to share your referral link is through social media. Share with your friends the bets you’ve made and drop your link to show them where you place your bets at.
People love to see winners, so post screenshots of your big winners. Instagram, Twitter, Pinterest, Facebook (both on your wall and in groups) are also a great place to share your link, as long as you have a history of being engaging in those platforms. You can talk about major sporting events that you’re going to bet on, and why you think a certain team is going to win.It’s easy to engage people, because people love to win. If they think you really know what you’re talking about, it’s a lot easier to get them to click your referral link and make a deposit.
There are results-oriented platforms for advertising cryptocurrencies, ICOs and blockchain media for advertisers and publishers with competitive prices. As a publisher, you can publish a banner, text, or image on your website or blog. Get Bitcoins for every valid click from your sites! For example, the A-ADS advertising platform, as well as ADconity.com they will provide you with maximum income by displaying ads from other platform participants on your sites. The withdrawal of earned funds is carried out in bitcoins. Additional income in Bitcoins is also possible due to participation in the referral program.
There are many ways to earn cryptocurrency for free or with little effort. Crypto rewards, crypto faucets, airdrops, Learn and Earn programs do not require much time. On the other hand, crypto mining, cloud mining and masternodes require some time and investment. Participation in Affiliate programs is one of the best ways to earn cryptocurrency for free and without costs. Interest accounts allow you to get additional income from your crypto assets without selling them. You can get started by creating an account for charging interest for free! All you have to do is make a crypto deposit and immediately start earning interest.