The rate of crypto adoption is accelerating rapidly, with industries worldwide beginning to integrate digital currencies into their operations. Due to this, the value of owning cryptocurrency is increasing – with many platforms offering a way to receive cryptocurrency without spending any of your own money.

This guide will take a comprehensive look at how to earn free crypto, covering some of the most popular avenues you can explore, before reviewing two of the best platforms to consider when looking to earn crypto right away.

Top 10 Ways to Earn Free Crypto

If you invest in cryptocurrency regularly, you’ll already know that digital currencies can experience lucrative price swings on a daily basis. As such, many market participants are eager to earn free crypto to benefit from these price swings.

  1. Play the Lucky Block Crypto Game
  2. Use Crypto Interest Accounts
  3. Begin Crypto Staking
  4. Take Part in an Airdrop
  5. Complete Educational Courses
  6. Participate in DeFi Lending
  7. Earn Crypto Credit Card Rewards
  8. Use Crypto Faucets
  9. Help with Crypto Mining
  10. Complete Surveys for Crypto Rewards 

Fortunately, there is a vast array of mechanisms that allow you to earn crypto without spending your own money. Ten of the most popular tools are listed below – all of which will be discussed in the following section:

Another great option is to search for any signup bonuses or promotions that some of the best crypto exchanges have on offer. For example, if you sign up to the Crypto.com exchange using a referral link you could earn up to $50 worth of CRO.

A Closer Look at the Best Ways to Earn Cryptocurrency

Now that you have a brief overview of what the best ways to earn crypto are, let’s dive in and explore each of these procedures individually:

1. Play the Lucky Block Crypto Game

lucky block logoThrough extensive research and testing, we’ve found that the best way to earn crypto cost-effectively is to play crypto games. The best crypto games function similarly to the classic video games that people know and love, except they are hosted on the blockchain rather than game consoles.

This provides a myriad of benefits; most notably, the ability to use cryptocurrency within the game for specific tasks. In addition to this, crypto games can also reward users with cryptocurrency for skilled gaming – which is the case with the best play to earn games.

Lucky Block prize draws

So, what is the best play to earn crypto game that allows you to earn free crypto? Although there has been an explosion of activity in this area of the market, we recommend checking out the crypto lottery site –  Lucky Block. Lucky Block is an innovative platform hosted on the Binance Smart Chain (BSC) that offers exciting daily prize draws facilitated through a user-friendly web or mobile app.

These draws are fully decentralized, meaning that people worldwide can enter. This also means that the winner of each jackpot is transparent, with Lucky Block employing Chainlink’s VRF service to ensure that each draw is provably fair. However, aside from Lucky Block’s daily jackpots, users can also earn free crypto through the platform’s compelling dividend payments.

LBLOCK token

Users who hold LBLOCK, Lucky Block’s native token, can generate a passive income stream simply by connecting their crypto wallet to the gaming platform. Cash payments are set to commence around the same time that Lucky Block’s prize draws begin and correlate with the number of people who are participating in the draws.

As noted in a recent press release from the project’s development team, yields could reach more than 19% per year – far higher than you’d get with the best dividend stocks. Due to this, Lucky Block is undoubtedly one of the best play to earn crypto games if you’re looking to earn free crypto.

Lucky Block’s First Prize Draw Scheduled for 31st May 2022 – Daily Draws Commence on 6th June 2022

Lucky Block’s jackpot draws finally have a launch date, with the platform’s users now able to buy tickets for a chance to win a whopping $1,000,000. The platform’s first draw will be on 31st May 2022 at 8pm BST, with the winner announced live on Lucky Block’s Twitch channel.

Lucky Block prize draws

The draw will be conducted by Swae Lee, who boasts over 10 million Instagram followers and is one half of the hip-hop duo Rae Sremmurd. Although the draw doesn’t occur until 31st May, Lucky Block users can now buy tickets through the Lucky Block web app, priced at $5 and payable in LBLOCK.

Notably, users who hold $500 (or more) worth of LBLOCK in their connected crypto wallet will receive a free ticket to the platform’s prize draws. Finally, owners of Lucky Block’s ‘Platinum Rollers Club’ NFTs will also be entered into the exclusive NFT draw on 31st May, worth an impressive $1,000,000.

Cryptoassets are a highly volatile unregulated investment product.

2. Use Crypto Interest Accounts

AqruAnother option if you’re wondering how to earn crypto for free is to use crypto interest accounts. The best crypto interest accounts do precisely what the name implies – they offer a way for you to earn interest on your cryptocurrency holdings. However, the great thing about these accounts is that interest rates are often far higher than traditional bank accounts.

A prime example of this is the interest account offered by AQRU – one of the leading platforms within this growing area of the cryptocurrency market. AQRU allows users to deposit cryptocurrency and begin earning interest immediately, with five different coins supported at present. Notably, AQRU offers up to 12% interest per year on stablecoin deposits and 7% on BTC or ETH deposits.

AQRU crypto interest

Another great platform to consider is BlockFi. Like AQRU, BlockFi allows users to earn crypto by making deposits, with over 30 coins supported on the platform. BlockFi also offers compound interest and a speedy application process, making it ideal for users who wish to store their crypto over the longer term.

3. Begin Crypto Staking

As defined by Binance Academy, crypto staking is the process of locking up your coins to help validate new blocks on specific blockchain networks. This relates to the method used on Proof-of-Stake (PoS) blockchains rather than Proof-of-Work (Pow) blockchains like Bitcoin. In return for aiding in the validation process, participants who stake their coins will earn free crypto as a reward.

Much like when you earn interest on crypto, the process of crypto staking can offer much higher returns than traditional bank accounts. One of the best crypto staking platforms to consider partnering with is AQRU, which we noted above. Although AQRU doesn’t offer staking services in a validation sense, the platform does offer a way to generate rewards that are similar in size.

crypto staking accounts

These rewards stand at 12% per year for USDC, USDT, and DAI deposits and 7% for BTC and ETH deposits. AQRU charges no fees for making these deposits and no ongoing fees during the interest generation process. There are also no lock-in periods to be aware of with AQRU, allowing you to withdraw at any time.

BlockFi also offers crypto staking opportunities, which follow a similar structure to those provided by AQRU. The platform supports over 30 different coins and offers yields of up to 11% per year. BlockFi also has no hidden fees or minimum balance thresholds, making it ideal for beginners.

Did you know that there are some fundamental differences between yield farming vs staking?

4. Take Part in an Airdrop

One of the best ways to earn crypto hassle-free is to participate in crypto airdrops. Airdrops refer to the process of distributing crypto for free to people who are interested in a specific project. This process usually occurs when trying to generate hype around an upcoming token launch, as giving out free tokens to people tends to cause excitement on social media.

Many of the best DeFi coins began by creating a community of like-minded people and then airdropping a set number of tokens to the community before the project was officially launched. This comes with many benefits; most notably, the ability to benefit from price increases when the token lists on exchanges.

crypto airdrops

The exact criteria you’d need to meet to earn free crypto through airdrops will change from platform to platform, although it usually involves promoting the project in some way. This could be through retweeting tweets, sharing posts on Instagram, participating in Discord discussions, or signing up for newsletters.

All that’s required to receive crypto airdrops is one of the best crypto wallets, which will allow you to store the tokens safely. Although airdrops are undoubtedly a great way to earn crypto for free, it’s important to note that many projects don’t ever reach mainstream appeal – so many airdrops end up having no material value.

5. Complete Educational Courses

Another option to consider if you’re wondering how to earn free crypto is to complete educational courses. This process, dubbed ‘Learn and Earn’, may seem too good to be true, but in actual fact, it is offered by an array of top platforms. Earning free crypto through learning involves participating in educational courses or watching videos, with small ‘rewards’ distributed on completion.

A popular platform that offers this service is Coinbase, which is one of the best crypto exchanges on the market. The ‘Coinbase Earn’ service will reward you for watching educational videos and completing quizzes, with certain quizzes providing larger payouts than others.

Coinbase Earn

The specific coins provided as rewards will vary depending on the task, although Coinbase offers over 20 tokens to be rewarded in. All that’s required is a Coinbase account, and you can begin completing the educational courses right away. However, it’s important to note that the rewards are not very large and usually average just a few dollars worth of crypto per course.

6. Participate in DeFi Lending

Decentralized finance (DeFi) refers to the ecosystem of financial applications built using blockchain technology. Due to this decentralized nature, these applications do not rely on a centralized authority to facilitate transactions.

This offers up scope for a wide variety of new and exciting processes to occur – with DeFi lending being one of the most popular. DeFi lending involves giving your cryptocurrency to a specific protocol, which will then lend it out to other parties. In return for providing you crypto, you will earn interest – with rates often much higher than the traditional banking system.

DeFi lending yields

This means that you can purchase the best cryptocurrency to invest in and then lend it out through a DeFi protocol, thereby benefitting from value increases whilst generating a consistent yield. Yields will vary depending on the asset and the protocol you use, although they can reach over 10% per year in certain situations.

The great thing about DeFi lending is that most lending agreements are collateralized. This means that borrowers must post collateral in the form of cryptocurrency – with this collateral being valued higher than the loan itself. Since the whole process is facilitated through smart contracts, there is no way to cheat the system and no need to provide a credit check.

7. Earn Crypto Credit Card Rewards

If you’re wondering how to earn crypto during your day to day activities, then using a crypto credit card could be the way forward. The best crypto credit cards follow a similar structure to regular credit cards because they offer cashback rewards for making purchases. However, the critical difference is that crypto credit cards reward users in digital currencies rather than FIAT.

Due to the rapid rate of crypto adoption, there is now an abundance of providers that offer crypto credit or debit cards. Many of the best altcoin exchanges, such as eToro and Crypto.com, offer dedicated card services that allow you to use your crypto holdings to pay for goods and services.

eToro crypto card

The great thing is that the end merchant doesn’t have to accept crypto for you to use these cards, as the provider handles the exchange process. This means that you can pay in crypto, yet the merchant receives the proceeds in FIAT – making it a ‘win-win’ for all parties.

Cashback rewards will vary from provider to provider, although they tend to be distributed in the platform’s native token – for example, the Crypto.com credit card provides rewards in CRO. However, once cashback is earned, it can easily be withdrawn or used for trading, giving scope to boost your income even further.

8. Use Crypto Faucets

Another excellent way to earn free crypto is to use crypto faucets. Put simply, crypto faucets are a way to generate small sums of crypto regularly for completing quick and easy tasks. These tasks do not require a high skill set and tend to be monotonous; however, if performed over the longer term, they offer a way to create a notable income stream.

Examples of crypto faucets tasks may include viewing digital ads, watching videos, completing CAPTCHAs, participating in quizzes, and more. The amount of crypto you will earn is dependent on the provider and the specific task, although amounts tend to be extremely small.

crypto faucets returns

Another factor to keep in mind is that many providers require you to hit a certain account balance before being able to make a withdrawal. There may also be a times limit set on collecting the rewards, making crypto faucets a challenging method to utilize over the longer term. Finally, the crypto faucet sector also has a reputation for having some shady dealings – so it’s wise to conduct extensive research to ensure you’re not being scammed.

9. Help with Crypto Mining

As touched on earlier, crypto staking is the process of helping out with block validation on Proof-of-Stake (PoS) networks. However, mining is the process used on Proof-of-Work (PoW) networks and is crucial to allow investors to buy Bitcoin and other similar coins.

Coinbase Learn defines mining as the process of creating new coins and verifying transactions that occur on a network. Mining requires powerful computing systems, which means that miners are incentivized to help through the distribution of mining rewards. These rewards are accrued in the native currency – for example, mining on the Bitcoin network will be rewarded with BTC.

Bitcoin mining

As the scale of PoW networks has increased, so too have the computing requirements to be a miner. These days, miners tend to be companies that own giant banks of computing equipment and run them 24/7.

Furthermore, to generate rewards, you’d need to be the first miner to solve the numerical problem that validates a specific transaction on the network. This is essentially guesswork and doesn’t require advanced knowledge of mathematics. However, the miners with the highest computing power tend to obtain the answer first since they can test out the highest number of potential solutions.

10. Complete Surveys for Crypto Rewards

Rounding off our list of the best ways to earn free crypto is online surveys. This process is closely related to crypto faucets and may fall under that category in some instances. However, most of the time, these surveys are facilitated through dedicated platforms that offer micro rewards to users willing to complete the arduous task of filling out forms.

One of the most popular platforms is called Freecash, which offers a wide range of small tasks that you can complete to earn free crypto – including surveys. Much like crypto faucets, the rewards will be minimal, so you’ll have to complete many surveys to obtain a worthwhile balance.

crypto surveys

However, many people opt to sign up for a selection of survey sites to boost their income potential. This also has the added benefit of allowing you to find surveys that you are interested in completing, which can make the process less cumbersome. Rewards are usually paid instantly and delivered to your crypto wallet – although there may be a minimum balance threshold before you can make a withdrawal.

Best Platforms for Earning Crypto

As you can see from the list above, taking part in the best play to earn crypto games is our recommended approach if you’re looking to earn free crypto. However, this approach can also be used in conjunction with other mechanisms to boost your income generating potential.

With that in mind, reviewed below are two of the best platforms for earning crypto today. These platforms are ideal for beginners and advanced traders and can offer a route to safe and consistent income streams.

eToro – Best for Earning Crypto with Automated Trading/Investing

eToro logoIf you’re looking for the best way to earn crypto through trading, creating an account with eToro is a fantastic option. As you may know, eToro is one of the world’s leading trading platforms, offering a wide array of assets that you can trade from the comfort of your own home. eToro is also regulated by the FCA, CySEC, ASIC, FinCEN, and FINRA, ensuring a safe and secure trading environment.

If you’re looking to earn crypto passively, you can do so by creating an eToro account and using the platform’s ‘CopyTrader’ feature. This feature is ideal for social trading cryptocurrency, as it allows you to copy the trades placed by other eToro users automatically. Notably, most of these users are highly skilled – with the average yearly profit for eToro’s 50 most-copied traders reaching an impressive 30.4% in 2021.

eToro CopyTrader

Since these traders are paid through eToro’s Popular Investor Program, you do not have to pay any management fees or hidden costs. The CopyTrader feature also allows you to become part of a community of like-minded people, meaning you can share opinions and interact through eToro’s social feed.

eToro’s fee structure for crypto trading is also appealing, as the platform only charges a flat 1% fee per trade (plus the spread). Although you’ll need to employ a minimum of $200 when using the CopyTrader feature, the minimum position size is only $1 – allowing you to tailor your risk level to suit your needs.

eToro Smart Portfolios

Finally, eToro also offers a ‘Smart Portfolios’ feature, which allows you to invest in professionally managed funds with no management fees. All of these funds and research-backed, with the ‘CryptoPortfolio’ being ideal for investors looking to gain broad exposure to the cryptocurrency market.

Cryptoassets are a highly volatile unregulated investment product.

AQRU – Best for Earning Crypto with Interest, Lending, and Staking

AQRU logoIf you’re looking to earn interest on crypto using a hands-off approach, then AQRU is undoubtedly worth considering. As discussed earlier in this guide, AQRU is a platform that offers crypto interest accounts, with five coins currently supported. These include BTC, ETH, USDC, USDT, and DAI – with new users able to receive a free distribution of 10 USDT just for signing up.

AQRU works similarly to traditional savings accounts, allowing you to deposit your crypto and begin earning interest right away. Interest payments are made daily, and interest is tracked to the second, making AQRU one of the best platforms if you’re looking to earn free crypto. The great thing is that AQRU charges no fees for this process, meaning all of the proceeds are yours to keep.

AQRU review

In addition to this, AQRU has no lock-in periods, allowing you to access your holdings whenever you please. Rates currently sit at 7% per year on BTC and ETH deposits and 12% per year for USDT, USDC, and DAI deposits. You can easily transfer crypto into your account in seconds using a crypto wallet or purchase crypto through the AQRU platform using MoonPay – one of the most respected payments providers in the space.

AQRU also allows you to withdraw your holdings in just 24 hours, with the option to receive the funds in crypto or FIAT. The former will come with a fee, although the latter is entirely free to do. Finally, the whole yield generation process takes place through AQRU’s handy mobile app, ensuring you can check on your earnings throughout the day.

Cryptoassets are a highly volatile unregulated investment product.

How to Earn Free Crypto – Conclusion

In summary, this article has taken a detailed look at how to earn free crypto, discussing ten of the most popular mechanisms you can use to obtain rewards today. As the rate of crypto adoption increases, so too does the value of holding digital currencies – so making use of these mechanisms can be a lucrative idea over the longer term.

As touched on earlier, we recommend checking out Lucky Block if you wish to earn free crypto. Lucky Block rewards LBLOCK holders with regular dividend payments simply for connecting their wallet to the gaming platform – with yields estimated at over 19% per year.

lucky block logo

Cryptoassets are a highly volatile unregulated investment product.

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