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10 Ways to Get Free Cryptocurrency in 2022

Cryptocurrency is the best performing asset of the decade and it’s not even close. In fact, if you had $100 in Bitcoin in 2009, it would be worth a jaw-dropping $9.2 million dollars today – just 12 years later! That’s better than the stock returns of Amazon, Apple, and Visa combined.

When Bitcoin was first released in 2009, it only costs $0.0008 to purchase one Bitcoin. As of November 2021, a single Bitcoin reached an all-time high of $68,000.

But along with those incredible returns, you also had periods of extreme volatility. A lot of investors and traders can’t handle putting a significant amount of their money on the rollercoaster ride.

Well, you’re in luck because it’s possible to get cryptocurrencies completely free. So if you want to join the HODL bandwagon without risking a lot of your own money, this article is for you.

Here is The Money Ninja’s guide to 10 best ways to get free cryptocurrency without mining.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Economics of Mining Crypto

Before someone asks why I’m not including mining as a way to earn free crypto, I’ll say it right at the beginning.

It’s too expensive for the average person. The cost of specialized computers, high-end graphic cards, and electricity required makes it very difficult to mine cryptocurrency profitably.

During the early years of the cryptocurrency market, it was possible to mine from your home computer and earn a lot of crypto. As prices skyrocketed, more and more miners began competing for crypto, and more and more transactions began occurring all over the world.

Now, it would take years for a home computer to validate just one block of transactions. This has caused many miners to rely on expensive hardware as well as mining software through cloud-based applications.

How To Get Free Crypto Without Mining

Now that I’ve convinced you that mining is not the best option, here are several easy ways to get free cryptocurrency.

You only need your computer or smart phone – no fancy equipment is necessary.

Here are the top 10 ways to get free cryptocurrency without mining.

Ninja Note: I update this post on a regular basis as opportunities come up and other ones go away. Bookmark this page and check back often.

1. Get Crypto Signup Bonuses

The easiest and quickest way to get free cryptocurrency is to take advantage of sign-up offers from cryptocurrency platforms.

Similar to free stock offers, you’ll get free crypto for simply opening an account and making a deposit or trading a certain dollar amount within a specific period of time.

I’ve compiled the best free crypto promotions in the table below. You can also find details in this list of the best crypto bonuses.

The SoFi offer is particular interesting because if you open an account and deposit just $10 using this link, you’ll get a $25 bonus that you can buy crypto with. You also earn 100 points just downloading the app!

Also note that Gemini has two different free Bitcoin offers; a $10 bitcoin bonus if you have $100 to trade or a $50 bitcoin bonus if you have $500 to trade.

Crypto PlatformPromotionLink
Gemini logo$50 BTC BonusLink
Hodlnaut logo$50 Crypto BonusLink
Okcoin logo$50 BTC BonusLink
Bitstamp logo$50 Crypto BonusLink
Nexo logo$100 BTC BonusLink
Luno logo$10 BTC BonusLink
TradeStation logo$10 Free + $2,500 Crypto RewardLink
BlockFi logoUp to $250 BTC BonusLink
Coinbase logo$10 BTC BonusLink
Cake Defi logo$30 DFI BonusLink
Binance.US logo$10 BonusLink
Crypto.com logo$25 CRO BonusLink
Phemex logo$160 BonusLink
eToro logo$10 BonusLink

2. Watch Videos on Coinbase Earn

Coinbase is one of the largest cryptocurrency exchanges in the world that allows you to buy, sell, use, and accept cryptos like Bitcoin, Ethereum, and Litecoin.

It launched a program called Coinbase Earn in which users can earn free cryptocurrencies just by watching videos and completing a short quiz to learn about new coins and tokens.

There are $167 in Coinbase Earn offers I keep updated in this post. Once you join Coinbase (and earn $10 in free Bitcoin for doing so), you can start watching videos to get free crypto.

3. Apply for BlockFi Credit Card

BlockFi launched the BlockFi Rewards Visa Signature credit card that offers 1.5% back in Bitcoin for on everything you buy with no annual fee!

It also comes with the following benefits:

  • Intro Bonus: Earn 3.5% Bitcoin rewards on all purchases in the first 90 days of card ownership after activation, up to $100 in Bitcoin. To reach the full $100 cap would require at least $5,000 in USD card spend.
  • Trading Bonus: 0.25% back in Bitcoin on all eligible trades, up to a maximum of $500 in Bitcoin each month
  • Spend Bonus: Earn 2% back in Bitcoin on every dollar over $50,000 of annual spend. Rewards rate increases from 1.5% to 2% after $50,000 of spend has been achieved and resets on the card anniversary date every year.
  • Refer-a-Friend Bonus: $30 in Bitcoin for every client referral, on top of the base Refer-a-Friend program

Check to see if you’re approved with no impact to your credit score.

4. Get Free Stock and Exchange for Free Crypto

Another strategy you can use to get free crypto is to sign up for stock trading apps that give you free shares of stock.

You can then convert them to free cryptocurrency since many of these stock brokerages also lets users purchase crypto on their platforms.

  1. Get the free stock bonus.
  2. Sell the free stock.
  3. Use the cash proceedsto purchase cryptocurrency.

Here are all the stock companies that are giving away free stock.

BrokeragePromotionLink
Webull logo6 Free StocksLink
Moomoo logo10 Free StocksLink
Public logo1 Free Stock (Up To $1,000)Link
SoFi logo1 Free Stock ($25)Link
M1 Finance logoUp to $500Link
Robinhood logo1 Free Stock (Up To $225)Link
TradeUP$20 Cash + AMZN Free StockLink
tastyworks logo$250 Stock BonusLink
Acorns logo$10 Cash BonusLink
Stash logo$20 Cash BonusLink

5. Earn Crypto with the Brave Browser

The Brave Browser is a fast, private, and secure web browser for PC, Mac, and Android/iOS mobile devices that awards you the Basic Attention Token (BAT) cryptocurrency for using it to browse the internet.

Brave usually blocks all ads from displaying when you surf the internet, but you can opt in to the Brave Rewards program when you first download the app.

If you decide to participate in Brave Rewards, you’ll be shown high-quality ads. In exchange for this, Brave will give you BAT, which you can transfer to an exchange like Gemini and earn 1.75% interest on it (or sell it if you wish).

6. Read Articles on Publish0x

Publish0X is a cryptocurrency publishing platform that pays both writers and readers a portion of the ad revenue the site generates.

It used to pay you with the Basic Attention Token (BAT) like the Brave Browser does, but recently switched to FARM tokens.

Here’s how it works:

  1. Join Publish0X with this link
  2. Read cryptocurrency articles
  3. At the end of each article, you get to decide how much of your rewards you want to keep for yourself and how much you want to give to the author of the piece you just read
  4. The cryptocurrency reward will be immediately deposited into your account

FARM tokens are legit and they’re listed on major exchanges like Coinbase, which means you can buy and sell them easily.

The reason I say that is because other sites may give you crypto rewards, but if the cryptocurrency they’re awarding you with can’t be sold, then there’s no point in earning them.

This site is not a scam. However, you won’t earn much by reading PublishOX. It’s another option if you’re interested in reading about cryptocurrency anyway so it’s entirely up to you whether it’s worth it or not.

7. Earn Interest on Your Cryptocurrency

If you’re holding your cryptocurrency on crypto exchanges, you might as well earn interest on them.

In fact, the interest you’ll earn can far exceed what you get at a typical bank. I previously wrote about how I transferred $40,000 to BlockFi to earn 9.00% interest on my money.

How much you can earn depends on which crypto exchange you use, what kind of cryptocurrency you have, and how much of that cryptocurrency you have on the exchange. Some exchanges will even give you an interest boost if you own their native token.

Personally, I use BlockFi the most, but I also earn interest on my coins and tokens at Celsius, Gemini, and Voyager as well.

I mainly earn interest from my Gemini Dollar (GUSD) tokens, because it’s a stablecoin with its value strictly pegged 1:1 to the U.S. dollar. This way, I earn high interest without the price volatility that comes with other cryptocurrencies like Bitcoin or Ethereum.

The table below shows the current interest rate offered by each exchange for holding GUSD on their platform:

ExchangeGUSD Yield
BlockFi9.0% APY
Celsius10.02% APY
Gemini8.05% APY

Even though Celsius earns the most, I hold GUSD across all three exchanges to spread the risk out in case one of the exchanges get hacked.

It’s important to note that although stablecoins are more “stable” than other forms of cryptocurrencies and you can earn a lot of interest from them, they’re not FDIC-insured like your money held at traditional banks.

I’m comfortable with this risk for a portion of my portfolio, and readers should decide what amount is okay for them.

8. Stake Your Cryptocurrency

Cryptocurrency staking is a booming new investment option that has taken the crypto world by storm. But what exactly is crypto staking?

Staking is the process of holding funds to support the operations of a blockchain network through a reward-driven process. The more people who stake their crypto wallets, the more secure the network is.

In short, staking simply stands for holding a cryptocurrency in a wallet for a fixed period, then earning rewards on it. The reward earned from staking varies depending on the length of time you hold it.

Proof of Stake (POS) protocols allow miners to be randomly selected from a pool by holders of the digital currency in order to validate transactions. This helps prevent bad players from manipulating the blockchain. In return, the chosen miners get rewarded for helping out.

That’s the laymen’s version of crypto staking as the entire process behind the scenes is much more complicated than how I explained.

I stake some of my cryptocurrency to earn additional returns. For example, I stake CRO on Crypto.com.

Crypto.com Coin (CRO) is the native token of Crypto.com. Depending on how much CRO you stake on the Crypto.com exchange, you get the following benefits:

  • CRO rebate when you pay trading fees with CRO
  • 10% APR interest paid daily
  • Access to The Syndicate (fundraising platform for the most promising crypto projects)
  • Referral Program bonus (up to $2,000 per referred friend)
  • Pay Benefits (get a percentage back in CRO when you use Pay Checkout)
CRO StakedMaker Discount RateTaker RateInterest APR
≥ 00%0.10%0%
≥ 1,0000%0.10%0%
≥ 5,00010%-0.005%10%
≥ 10,00020%-0.010%10%
≥ 50,00040%-0.020%10%
≥ 100,00060%-0.040%10%
≥ 200,00070%-0.060%10%
≥ 1,000,00080%-0.080%10%
≥ 5,000,00090%-0.090%10%
≥ 50,000,000100%-0.100%10%

At the time of this writing, CRO is trading for $0.6129 per coin, so it’s unrealistic for someone to achieve the top tiers unless you’re super rich like Elon Musk. But the other tiers aren’t so hard to get and gives you several nice benefits.

Interested? Start staking with a $25 bonus when you join Crypto.com using the link below.

9. Participate in Crypto Airdrops

An airdrop is a marketing promotion that give people coins or tokens in order to promote a new cryptocurrency.

Small amounts of this new virtual currency are sent to wallet addresses of active members of the community for free or in return for a small service, like retweeting a post from the company issuing the cryptocurrency.

Biggest Airdrop Success

The biggest crypto airdrop success in history was the one done by Decred in 2016.

The company behind the then new digital currency Decred airdropped 258,000 DCR – which at the time had a total value of around $500,000 (roughly $2 per DCR coin).

Today, one DCR coin is worth $100. That makes the value of the airdrop a crazy $25.8 million!

Biggest Airdrop Failure

On the other end, the biggest airdrop flop is auroracoin, one of the oldest airdrops that happened back in 2014.

At the time, the creators of auroracoin announced that AUR would be a cryptocurrency created for citizens of Iceland. Each Icelandic resident with a permanent resident ID were given 31.8 AUR just for registering on a website.

Those 31.8 AUR tokens were worth $385 when they launched, but soon the project along with its AUR token failed. Residents sold their tokens immediately once they received them and today, one AUR token is worth a measly 17¢.

Cryptocurrency Airdrops Today

While cryptocurrency drops as successful as Decred is less common than they once were, there have been a number of great airdrops recently – Stellar Lumens (XLM) and the Spark token (XRP) to name a couple. Another good example of a profitable airdrop was the BadgerDAO token (BADGER), which was intended to support community members and did so successfully. 

Ninja Note: Beware of airdrop scams. It’s is possible for crypto airdrops to be unfulfilled. Shady companies try to get users to join telegram groups and share their new digital currency project on social media, then close the telegram group with the airdrop never arriving. Additionally, airdrops can require hidden fees that add up to be a higher amount than the worth of the airdrop. It’s important to do your own due diligence. 

10. Refer Friends with Cryptocurrency Referral Programs

Almost all of the cryptocurrency platforms have a referral program that give you and your friends free cryptocurrency when they sign up using your referral link.

If you have friends and family that are interested in free crypto, then this is the ultimate win-win situation.

Once you join a crypto exchange, it will provide you with a personal referral link. Simply share that unique URL link with your friends and family and both you and the person you refer will earn a reward once they open an account and complete the deposit or trade requirement.

Crypto PlatformPromotionLink
Gemini logo$50 BTC BonusLink
Hodlnaut logo$50 Crypto BonusLink
Okcoin logo$50 BTC BonusLink
Bitstamp logo$50 Crypto BonusLink
Nexo logo$100 BTC BonusLink
Luno logo$10 BTC BonusLink
TradeStation logo$10 Free + $2,500 Crypto RewardLink
BlockFi logoUp to $250 BTC BonusLink
Coinbase logo$10 BTC BonusLink
Cake Defi logo$30 DFI BonusLink
Binance.US logo$10 BonusLink
Crypto.com logo$25 CRO BonusLink
Phemex logo$160 BonusLink
eToro logo$10 BonusLink

The Bottom Line

At The Money Ninja, we’re all about showing readers how to make more money. Maximizing your finances is our motto and we’ve read the many emails you sent us on how cryptocurrency has made a positive impact on your personal finances.

Regardless if you’re a hardcore believer in cryptocurrency or just a casual investor, getting free cryptocurrency is a good way to ride the digital currency rocket without risking a lot of your own money.

You don’t need to invest in a bunch of expensive computer hardware and mining software to dip your toes into this cryptocurrency market. With so many free ways that I’ve just showed you, now is a great time to jump in.

When I first invested in crypto (bought Bitcoin for $250 each), I never imagined the pace of its meteoric rise. At this point, I have a decent amount of my net worth in various digital assets, but these free ways of getting cryptocurrency allows me to add to my investments with no out-of-pocket costs.

3 thoughts on “10 Ways to Get Free Cryptocurrency in 2022”

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