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Luck and speed. How to get cryptocurrency for free

Luck and speed. How to get cryptocurrency for free

Cathie Wood
Updated March 24, 2022
3 min read
Home » News » Luck and speed. How to get cryptocurrency for free

It is not necessary to invest your own funds to start acquaintance with the field of cryptocurrencies. There are various ways to get digital money for free. For example, as a result of viewing advertisements, participating in giveaways, or taking training programs.

One of the most popular ways to get cryptocurrency is to take part in the airdrop (giveaway). In September last year, the Uniswap decentralized exchange released its UNI tokens and distributed some of them to users. As a result, 8 traders received from $ 250 thousand to $ 750 thousand in cryptocurrency, about 50 people took from $ 25 thousand to $ 250 thousand.

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In total, about 100 thousand users won in different amounts. The base prize was 400 UNI tokens (about $ 1000 at that time and $ 10,000 at the exchange rate on February 25). Every trader who made at least 1 trade on Uniswap before September 1st of last year received this award. In December 2020, another decentralized exchange, 1inch, released its token and distributed it to users. The right to collect the reward was given to traders who met one of the following conditions:

  • made at least one trade before September 15, 2020; completed at least four transactions;
  • made transactions for a total amount of at least $ 20.

Each client of the platform received at least $ 1,500, and some received a much larger reward. Its size depended on how long ago traders provided liquidity to the platform. One of the users received $ 25 million, three more – from $ 3 million to $ 3.35 million. 37 traders brought 100-700 thousand coins to their wallets in the amount of $ 250 thousand to $ 1.75 million. 190 people took a reward of $ 25 thousand. – $ 250 thousand

A smaller-scale distribution of tokens was also carried out by the centralized and one of the largest in terms of trading volume Binance crypto exchange. In December last year, it distributed its mobile wallet altcoin to its users for free to store the Trust Wallet cryptocurrency. TWT tokens were received by all users who made at least one trade on the spot or futures platform from December 14 to December 21, 2020. Each client received 100 coins for approximately $ 15. On February 19, their cost rose to $ 88, now it is about $ 60.

However, this is not the only way to get cryptocurrency for free. For example, you can receive digital coins for maintaining a social network. Steemit blockchain blog users earn STEEM tokens, Steem Power and Steem backed dollars in a ratio of 50% to 25% and 25%. The amount depends on the number of post views, likes and comments. Steem Power cannot be sold – it is an analogue of stocks that allows you to receive passive income.

You can also receive cryptocurrency for free by watching ads. For example, the Brave browser has such a function. Often, services that pay tokens for viewing advertising content offer users not only to watch videos, but also to perform a number of simple tasks: read letters, surf, enter captchas. Each platform has its own withdrawal limits. Usually at least 10,000 satoshi, it will be difficult for a beginner to earn such an amount quickly.

You can also receive cryptocurrency while completing training programs. In December 2018, the American cryptocurrency exchange Coinbase launched the Earn program. Its users receive $ 1-2 in cryptocurrency for watching videos and solving tests. After completing all tasks, you can collect a small portfolio of different tokens worth over $ 109.

Cathie Wood
Cathie Wood
Cathie Woold is the founder of Ark Invest. She’s a renowned trading specialist and analyst dealing with investment and trading strategies.
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