Practical examples to save and invest
I am a hard-core saver. A true believer that, to become financially independent, every penny counts.
In this article, I want to share with you 8 easy ways to get completely free crypto and then invest them to generate passive income over time.
Before we move on, a disclaimer:
- This post includes affiliate links, properly marked with *. Where possible, I always add promotions that benefit both the reader and the author
- I am not part nor do I represent any of the brands or products discussed
- I am not a financial advisor. All you read in my articles is based on personal experience with the purpose of entertainment, always do your own research
- I hold cryptocurrencies in my investment portfolio
Cryptocurrencies
The world of cryptocurrencies is exploding and, although Bitcoin, the most famous cryptocurrency, has been around for more than a decade, it is only in the last couple of years that this technology has gone mainstream.
Investing in cryptocurrencies can be very rewarding but, at the same time, the high volatility of this asset class makes it a very risky investment. Please do your own research before deciding to invest any money.
In my view, the best way to access the crypto world and gradually get acquainted with the rollercoaster experience is to start with a free ride. Luckily there are some places where you can earn free cryptos.
Let’s jump into the rabbit hole.
1. Brave browser
Brave is a Chromium-based web browser (like Google Chrome) with privacy as its USP. The interesting part is that Brave has a reward scheme where you earn while browsing. No catch. Free money.
In fact, Brave rewards users in BATs (Basic Attention Token). BAT is a well-established crypto token and it is listed on all major exchanges (Crypto.com*, Binance*, Coinbase*, eToro*, Gemini*, etc).
In my experience, by using Brave every day for my regular browsing activity -work and entertainment - on a desktop/laptop PC or Android device (iOS doesn’t allow the rewards), you can make around 4/5 BATs per month. To determine the corresponding value in fiat money you need to check the BAT daily rate.
2. Satsback
Satsabck.com* is one of my latest discoveries. Everything you buy through their affiliate links results in a crypto cashback. The reward is paid in Bitcoin units, SAT (100,000,000 sats per 1 Bitcoin).
I have started using Satsback since the beginning of this year and so far I haven’t been disappointed. I have used it for my food delivery with Deliveroo* and JustEat. On average, I am getting around 500 sats for every order of about 35 pounds.
The very good news is that Satsback has a very long list of well-established shops and brands to choose from so there is the potential to open up to a decent portion of free cashback cryptos. Moreover, you can install a browser plugin that notifies you when you are browsing an online shop available on Satsback. Very convenient!
3. 21 Days of Bitcoin
The number twenty-one is very important in the Bitcoin world. If you are keen to learn more about the king of cryptocurrencies, you can earn money* doing so. Very simple.
By signing up to the 21 Days of Bitcoin newsletter you will receive, once a day, a lesson via email. A relatively short read no more than 2 minutes. At the end of the 21 days, you take a very simple quiz and get rewarded with 2100 sats. I have to say that I enjoyed it very much. Learned and earned!.
4. Carrot
This is one of my favourite earn-free-crypto options. Carrot is an app that rewards you with 5 sats for every article you read. All the content is crypto-related and from multiple sources.
On average you get 6 articles per day, 30 sats, roughly 11,000 sats per year. It is not a lot, I appreciate that but, I am getting paid to read articles that I would read anyway. How good is that? Every penny counts!
5. Coinbase learn and earn
Another opportunity to get free cryptos while learning comes from Coinbase* that enables its customers to earn tokens by watching videos and then completing a quiz or assignment to test their understanding of the topics.
Each lesson may earn you around $1 to $12. New learn and earn tokens are added regularly.
All you need to do is register to the site* and complete the KYC.
Through this program, I managed to get exposure to coins that I would probably never had considered otherwise.
6. Crypto.com debit card
In recent months there has been an explosion of Crypto based debit/credit cards as opposite to more traditional fiat-based cards and this subject deserves a post on its own. However, for the purpose of this article, I will only focus and cover what I believe is the best way to get free cryptos using a debit card, the Crypto.com* pre-paid card.
A 100% free debit card that gives you 1% back on almost all your transactions. Not bad, isn’t it?
The crypto you get back is Crypto.com* own token CRO and you get paid instantly after every transaction.
There is also the opportunity to increase the cashback percentage and upgrade your card benefit, but you are required to invest some money. I will leave this to your own research if you are interested.
7. LunarCrush
According to the About Us page, “LunarCrush* collects activity across social media for bitcoin, thousands of altcoins, crypto exchanges, influencers and more, in real-time every single day and distils it all into bitesize, digestible data”.
I use LunarCrush to get a sense of the sentiment in the crypto world. The social vibes on tokens are important signals when it comes to investing.
LunarCrash rewards you for browsing their website regularly with its own Lunr token. At the time of writing, the Lunr exchanges at around 1 dollar.
Depending on the time you spend on the site and the activities you get involved with, you can get to 1 Lunr every week.
Probably the main downside of earning Lunr at the moment is that this token is not listed on the major exchanges.
8. Nodle
If you haven’t lived in a cave for the last few years I am sure you are familiar with the concept of crypto mining. It usually requires to get very expensive equipment, a good internet connection and some degree of technical expertise. The rewards can be huge but you need investments, time and a lot of passion.
What if you just needed a smartphone instead?
Nodle gives you the opportunity to mine and earn Nodle cash, its native token with your phone. Before you get too excited I should say that the Nodle cash token is not yet available on any exchange. It has no value (yet).
Although you can still earn free cryptos you have to believe in the project and hope that soon enough Nodle cash will be listed and starts delivering value. This is one of those do your own research projects to decide whether or not you want to jump in this adventure.
I found Nodle quite an exciting project, but aren’t they all?
Generate passive income
Now that you have earned your free cryptos you need to put them to good use. The quickest way is to simply exchange them for pounds or dollars and buy yourself a nice present or, even better, donate them to your preferred charity.
However, if you are in for the long ride, there are easy ways to lock your coins and earn compounded interest over time.
Staking and earning interest
Depending on the underlying consensus protocol of the token you own, you might be able to stake your crypto. In a nutshell, staking is the crypto way of earning rewards on your tokens.
If staking is not an option you can still use the more traditional earn-interest approach.
There is fierce competition among the various exchanges to capture new customers and this is good news because the rates offered to attract your money are pretty good. In some cases jaw-dropping rates.
My stop shop for staking coins is Binance* as I love the many opportunities on offer. It takes a bit of learning to understand the various options and I strongly suggest NOT choosing a solution driven exclusively by the highest rate. Please always read the small prints and be aware that staking is subject to taxation. Please consult with your accountant to get all the details.
When it comes to earning interest all the major exchanges have solutions. However, I personally use YouHodler because of the simplicity of the UI and the good rates.
And that’s all folks!
I hope you found this article interesting, please share it with your friend and leave your feedback in the comments section.
Also, let me know if you are aware of any other way to earn free cryptos. I will check them out and add them for everyone’s benefit.
