Here’s How to Get Free Cryptocurrency Right Now – Motley Fool
As a general rule, people and institutions don’t pass along their Bitcoin (CRYPTO:BTC), Ethereum, or Dogecoin for nothing. This is why mining and staking are so popular, as crypto fans seek to create some, or more, of their favorite coins and tokens.
However, mining and staking can be resource-intensive, and the yields are often thin. That said, other opportunities to grab some cost-free digital currency are out there — it’s just a matter of finding the right rock to look under. Here are a few ways to nab some free cryptocurrency.
Learn and earn
There’s nothing like getting paid to be educated; becoming slightly wealthier and more knowledgeable is always an attractive combination. In that spirit, from time to time popular crypto exchange operator Coinbase (NASDAQ:COIN) offers opportunities to get free cryptocurrency for learning about certain tokens and coins.
I’ve taken advantage of these myself since opening a Coinbase account earlier this year. The learning takes the form of watching a series of short (two-minute or so) explanatory videos, some of which require correct answers to fairly easy multiple-choice quizzes based on the knowledge imparted.
In this way, I clocked $10 worth of Stellar (CRYPTO: XLM), $3 of both Fetch.ai (CRYPTO: FET) and Amp (CRYPTO: AMP), and a $4 taste of The Graph (CRYPTO: GRT). Now, this isn’t going to be enough to fund my retirement nest egg or fund a down payment for a sleek new car, but it’s a neat way to get a few anchor crypto positions. It’s also a fine opportunity to learn the basics of some of the less-famous coins.
Snag some with a signup
Coinbase also offers something that’s quite common with crypto trading and decentralized finance (DeFi) platforms — a signup bonus in the form of free cryptocurrency. There are a lot of exchange operators in the cybersphere just now, and to compete many are compelled to provide such incentives.
The caveat is that a minimum initial funding deposit is typically required (after all, they want to get you trading — and generating fees — as soon as possible). Several of these operators also mandate a minimum spend on top of that.
One that doesn’t require a minimum spend is BlockFi, which awards free Bitcoin once a new user funds their account. The bonus depends on …….