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6 Ways to Earn Free cryptocurrency

BitForex Editor
Aug 19, 2020

The Internet, alongside many other technological developments, has changed how we do things and live our lives in ways we could never have phantom. Now, we can carry out transactions making use of virtual currency from anywhere in the world. Cryptocurrencies have not only gained universal recognition but have now become a widely accepted currency being traded by many across the globe.

The good side of this is that you can earn free cryptocurrency from the comfort of your own. Free bitcoin auto mining is the most popular way customers earn free bitcoin. However, asides mining, there are several ways that you can go about earning free BTC or any other crypto, and some of them include:

  • Micro tasking
  • Affiliate marketing
  • Passive interest and cashback on purchases
  • OTC bitcoin trading
  • Crypto Gambling
  • Airdrops and Faucets

Let's briefly examine some of these strategies looking at the "how" of each of them.
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How to Earn Free Cryptocurrency

Micro tasking

One of the most overlooked, but quite interesting strategies to earn free crypto, is micro-tasking. It is a great place to start for anyone who is new into cryptocurrency and wants to get a hand of it. Micro tasking simply requires that you carry out some tasks to earn cryptos in return. While some of these tasks are designed to educate you, others are to motivate you so you can help spread the word. Read the instructions, complete the task, and earn some cryptocurrency, it's that simple.

Affiliate Marketing

Affiliate marketing is a relatively known strategy for earning free cryptocurrency. It is all about sales, sales, and sales. Here, you serve as an affiliate for a company and earn some crypto off every referral that you make. It simply requires that you send users or clients to a company. Affiliate marketing could earn you cryptocurrencies on a flat fee or based on a defined percentage.

There are many blockchain companies in existence and several others still coming up. These companies need affiliate marketing to spread the word and increase their reach. For many ICOs, they offer their tokens to affiliate marketers as rewards for referrals. Even at BitForex, we offer a certain percentage to individuals who help us increase our reach.

Interest and Cashback on Purchases

Another way to earn free cryptocurrency is through passive interest and cashback on purchases which is done through coin staking. Coin staking simply means participating in the process of decision making within a crypto network. As a shareholder, when you participate actively in the consensus that births new, changes you are rewarded with passive interest. This interest could be in the same cryptocurrency or another cryptocurrency.

Several cryptocurrency companies offer crypto or Fiat loans to users and institutions. While there are no credit checks before these loans are given to customers, there is always the need to provide collaterals which are cryptocurrencies. This is usually done to mitigate the risk that comes with borrowers not paying back their loans. These loans come with passive interest that you can earn on your portfolio. When looking to earn passive interest or cashback purchases, make sure to have a good idea of the company and the interest rate offered.

OTC Bitcoin Trading

Earning free BTC is common among top players because they understand the technical and fundamental analysis of trading. The more users trade with a cryptocurrency, the more it is adopted. Buying and selling are what increase the adoption of crypto. It also strengthens its network and offers traders the opportunity to make some profit off every trade that is done.

The OTC market has a very high demand for Bitcoin. OTC market here refers to "Over-the-counter" market and we have them everywhere in the world. By trading in this market, you stand the chance of earning free BTC on every transaction you make.

Crypto Gambling

Do you know you can earn some cryptos playing video games? Yes, if you are a lover of video games, then this is an opportunity for you. Gambling is a good way to earn and grow your crypto. Several crypto platforms offer you online casino with different options that you can choose from.

While you may need some understanding of the game to earn from it, a jackpot win can turn your life around. You don't have to be a high roller to win at casino games. You just need to have the guts to stake some to earn more. You can get your wager multiplied as much as possible with the right stake and a winning streak.

Airdrops and Faucets

This list will not be complete if Faucet isn't listed here. It is regarded as one of the earliest and easiest ways of earning free cryptocurrency. Here, all you are required to do is to carry out a repeated action. Your earning is based on the time spent carrying out the task. Many times, this involves viewing and interacting with ads that relate to a particular company or trading platform.

Airdrop, on the other hand, is the process of distributing currencies of a token-based project free. Though free, there are certain conditions usually provided for by the developers that must be met to earn these free tokens. Airdrops generally require that you carry out certain tasks like liking and commenting on posts made by the developer. You can also earn free cryptocurrencies by following the project on their various social media platforms. Airdrops form a substantial part of the pre-ICO campaign that you can earn from while helping a project create more awareness.

The adoption of digital currency is a global trend and one you will not want to miss out on. BitForex offers you several options that you can earn from. From micro tasking to Bitcoin trading and everything in-between, there is a method that works best for you. We are heading towards a digital future and there is no better time for you to set that future into motion than now. BitForex is your best bet when it comes to anything and everything crypto.

About BitForex:

BitForex is an exchange service platform that can be classified as one of the Top 10 cryptocurrency exchange services. It is focused on providing millions of users with a digital currency trading and investment tool that is not only safe but also professional and convenient. BitForex has a high customer-oriented culture and state-of-the-art financial technology.

BitForex is programmed in a way that it can quickly adapt to the changes of the Crypto market while introducing new features like margin trading, enhanced trading charts,  derivatives, and a host of others. The headquarter of BitForex is located in Hong Kong, while there are branch offices in countries like the United States, South Korea, and Singapore.

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