This article shows 12 simple ways to earn cryptocurrency rewards for free whether platforms or apps you can use in daily life.
At this moment in time, if you haven’t heard about Bitcoin also known as the currency of the internet you might have been in a coma sleep for a very long time. Additionally, since the start of 2021, it has been all over the news(again) with billionaires like Elon Musk or big institutions like Microstrategy jumping on the bandwagon of cryptocurrencies.
As a result, the total crypto market has grown to the immense amount of more than $1 trillion in value and the numbers keep on going from here. Therefore you might wonder: is it too late to buy cryptocurrencies like Bitcoin or Ethereum? Unfortunately, I’m not a financial advisor or prophet to give you the right answer to that.
Even though, if you think it is too risky to buy right now, or you simply don’t have extra funds to invest than there is another opportunity for you. Many platforms in the markets are offerering special programs to its users to earn cryptocurrency rewards.
In this article, I’ll show you 12 reliable platforms that can help you by earning free cryptocurrency without investing extra money into the markets.
Best Places To Earn Cryptocurrency Rewards
Firstly, below a consolidated list of popular crypto platforms or apps that offer you to earn cryptocurrency rewards for free.
- Coinbase – Biggest crypto exchange in the US that offers free crypto by a learning program
- Binance – Worlds most popular cryptocurrency exchange where you can earn crypto by staking or learning
- Kraken – US-based exchange where users have the probability by earning with staking
- Okex – Modern crypto exchange with very strong liquidity in high cap cryptos. One of the few exchanges with savings account for crypto.
- Coinmarketcap – Crypto’s number 1 data portal about latest prices, market cap, and project developments.
- Ledger Nano – The most secure cryptocurrency hardware wallet to store your crypto offline. Also, it offers the possibility to stake your crypto offline.
- Nexo – Instant lending platform where you also can earn interest on crypto, stablecoins as well as fiat currency.
- Celsius – Another popular instant lending platform to earn interest on crypto, stablecoins as well as fiat currency.
- Blockfi – A cryptocurrency exchange that allows you to earn up to 8.6% annually on your cryptocurrencies.
- Wirex – Popular Visa debit card that automatically makes payments in the local currency without exchange fees.
- Mobilio – Available app that incentivizes drivers with new crypto if they can prove they didn’t use their phone while driving.
- EarnCrypto.com – Platform where you earn crypto for free by completing surveys, watching videos, doing data entry, or even by just downloading apps.
Earn Crypto Rewards on Exchanges
For those who own some crypto already but aren’t willing to take the extra risks with trading their stack there is another opportunity besides just holding your coins. In particular, the bigger exchanges like Kraken and Binance are offering staking services that can give you an APY of 8% – 12%. However, it totally depends on the crypto you are willing to stake.
What is cryptocurrency staking all about?
Staking is nothing more then sending your coins to a cryptocurrency wallet and locking up these coins 24/7 for a given period of time(30/60/90 days). Also, during this lock-up period you will earn dividend for just holding these coins. In other words, you are earning cryptocurrency just by holding it!
Also, when you lock up your coins(in a staking pool) these coins are sent to particular nodes in the network called Proof-of-Stake nodes. In fact, these nodes are using a specific consensus mechanism that allows them to validate the transactions being done on the network.
Other ways of earning a passive income on your crypto are just opening a savings account on Okex or lending out your crypto(which can be risky).
Earn crypto when learning
If you don’t own crypto yet but like the crypto scene because of potential profits then some platforms can offer you a short training program. In fact, you can still sign up and earn crypto without doing any trade at all.
Particularly, the way it works is that you have to watch instruction videos about certain projects and do some tests. Afterward, you will be rewarded in the crypto token you were being trained.
Places to Earn Cryptocurrency Rewards: Exchanges
|Staking(4 coins)||Staking(48 coins)||Staking(8 coins)||Yield farming|
|Coinbase Earn||Lending||Lending||Savings account|
|Binance Earn||C2C loan|
|Go here||Go here||Go here||Go here|
Earn to Learn with Coinmarketcap
Similar to several cryptocurrency exchanges, Coinmarketcap also has a very interesting way of earning cryptocurrencies for free. Coinmarketcap, a big player in the field showing all kinds of data of more than 5000 coins, has extended its services for its visitors.
On their website they claim; ‘You can acquire assets in a fun and low risk way, by watching videos and testing your knowledge.’
How does this work?
Simply watch videos about innovative and emerging projects in the crypto sphere. Additionally, test the newly gained knowledge by completing a quiz and get rewarded in cryptocurrency. Pretty cool isn’t it!?
The following projects and tokens can be earned here:
- Nervos Network(CTB)
- The Graph(GRT)
- The Sandbox(SAND)
You can visit Coinmarketcap Earn here.
Earn Cryptocurrency Rewards with Hardware Wallets
Besides trading platforms and big websites from within the industry, it’s also possible to let crypto work for you even if you are fully disconnected from the internet. A good example of this is the Ledger Nano hardware wallet that stores your private keys on a modern USB device.
How to earn additional cryptocurrency with the Ledger device? Currently, there are two ways to do this on the Ledger Nano X device.
1. Lend through Ledger Live
The first option is to deposit stablecoins and use them to gain interest. In this case,you get an excellent solution for crypto storage in DeFi. Ledger Live integrates lending through the Compound DeFi protocol with DAI, USDT, USDC and more stablecoins to come in the near future.
2. Cryptocurrency Staking on Ledger
With the Ledger staking feature, you are able to earn crypto without doing anything. Moreover, staking is a way of being rewarded for participating in the network ecosystem, it could be compared to interest savings in a traditional bank.
Once again, Ledger Live is an alternative option that lets you keep custody of your own coins, while still being able to stake them easily. Ledger Live currently supports staking for Tezos (XTZ), Cardano(ADA), Cosmos (ATOM), Algorand (ALGO) and Polkadot (DOT) with more coins coming.
Crypto lending Platforms
Another way to earn cryptocurrency rewards over your crypto stack is crypto lending platforms. In particular, crypto lending allows users to lend fiat currencies to borrowers.
In this way, borrowers will pay interest to the lenders. This is similar to how traditional borrowing and lending work. In general, crypto borrowers will be using their virtual currencies as collateral to make sure they are able to pay for the funds borrowed. The big benefit of crypto lending platforms is that you can lend any amount instantly.
There are several crypto platforms that are currently offering crypto lending and borrowing services. Below the most popular ones that allow you to let crypto work for you for free 😎.
Nexo is one of the most recognized and used crypto loans platform. They are now accepting over 40 fiat currencies and they are operating in more than 200 jurisdictions. That means that they have a large part of the countries of the world covered with their services.
Some benefits of Nexo:
- 12% interest on stablecoins annualy
- 18 different cryptos can be used as colleteral
- 8% interest over BTC deposits
- 30% dividend on Nexo tokens
Celsius Network is a platform that is providing financial services to crypto users from all over the world. The company claims that they are providing curated services that “have been abandoned by big banks.” These services include fair interest rates for your loans, zero fees for the services provided and quick transactions.
The following crypto rewards can be earned:
- 13.3% on USDC stablecoin
- 6.35% on ETH
- 6.2% on Bitcoin
Blockfi is the right platform for you if you want to start earning cryptocurrencies on your crypto. You can open an interest account that would provide you with an 8.6% APY. You can also trade virtual currencies, borrow money, and everything without having to sell your digital assets.
The following benefits of Blockfi:
- Earn 6% on Bitcoin
- Earn 8.63% on GUSD and USDC stablecoins
- Earn 5.25% on ETH
Earn Cryptocurrency Rewards with Bitcoin Debit Card
Besides holding on to your crypto funds or locking up your coins for months in staking wallets, there is another option to acquire the mighty cryptos for free. In short, the way this works is that you can earn sats(satoshis) for every purchase you make at retail stores or online shops. All this made possible by the Wirex debit card.
The Wirex company is a known player in the crypto space because they were one of the first companies that offered a bitcoin debit card. The way this works is that you can deposit cryptos like BTC, ETH, LTC, and many more into their custodian wallet.
Additionally, you can use their built-in exchange to swap your crypto to USD, EUR, or GBP instantly. Now with this balance in fiat, you can use the card to pay anywhere in the world where VISA is accepted.
Moreover, when I’m traveling the world I’m also using their card to pay with crypto and I think their service is amazing. 👍
Unique in their service is their ‘Cryptoback’ program. This service is one of my favorites because it gives you the ability to earn crypto while you buying something with crypto.
Every transaction you make gives you 0.5% back in BTC. This can only be done when you are in the possession of a Wirex card and do an in-store purchase. The rewards are paid instantly and in Satoshis, the smallest unit of Bitcoin.
Earn Crypto while Driving Your Car
The innovative aspects of blockchain technology has no limits and nowadays it’s even possible to earn additional crypto’s whyle driving your car! Sounds awesome isn’t it?
How does this work? You simply download or install the Mobilio App on your device. After that, you need the app to give permissions to track you geographically and permissions to track if you are using other apps. That’s it all.
Now when you start driving(moving at a speed of > 12 mph / 20 km/h) the app will automaticly be activated and give you points if you don’t use your phone for at least 2 minutes.
Furthermore, the Mobilio app has a built-in crypto wallet where you can exchange your gained points for the MOBILIO token.
The idea behind this Mobilio app is to motivate drivers to stop using their phones while driving and thus drastically reduce the number of road accidents, injuries, and deaths.
Take online Surveys, Get paid in Crypto
Last on the list of ways to earn crypto for free, is by performing simple tasks online and get paid for them instantly. The most famous platform right now is EarnCrypto.com which is specialized in cryptocurrency and blockchain technology.
The way this platform works is that you can subscribe and after that being able to do all different kinds of simple tasks. Good examples are:
- Read educational content about crypto
- Completing online surveys
- Data entry jobs
- Interacting with ads
The platform will automatically create a custodian wallet after sign up where you can receive and eventually withdraw your cryptocurrencies. Also, when you have completed certain tasks on the platform, they will deposit the newly earned crypto here.
Finally, the 12 ways to earn cryptocurrency rewards as I described above are only a subset of the possibilities at this moment in time. Remember, that this market is very young and moving fast.
Therefore, I’ll advise you to keep up with latest the trends in this space if you are willing to profit from it. Even so, if you are currently out of extra money, the cryptocurrency space will come up with new chances to earn crypto rewards for free.
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