Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography.
A public ledger records all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on a central source of trust like a bank.
Every transaction is publicly broadcast to the network and shared from node to node. Every ten minutes or so these transactions are collected together by miners into a group called a block and added permanently to the blockchain. This is the definitive account book of bitcoin.
In much the same way you would keep traditional coins in a physical wallet, virtual currencies are held in digital wallets and can be accessed from client software or a range of online and hardware tools.
Bitcoins can currently be subdivided by seven decimal places: a thousandth of a bitcoin is known as a milli and a hundred millionth of a bitcoin is known as a satoshi.
In truth there is no such thing as a bitcoin or a wallet, just agreement among the network about ownership of a coin. A private key is used to prove ownership of funds to the network when making a transaction. A person could simply memorise their private key and need nothing else to retrieve or spend their virtual cash, a concept which is known as a “brain wallet”.
Can bitcoin be converted to cash?
Bitcoin can be exchanged for cash just like any asset. There are numerous cryptocurrency exchanges online where people can do this but transactions can also be carried out in person or over any communications platform, allowing even small businesses to accept bitcoin. There is no official mechanism built into bitcoin to convert to another currency.
Nothing inherently valuable underpins the bitcoin network. But this is true for many of the world’s most stable national currencies since leaving the gold standard, such as the US dollar and UK pound.
What is the purpose of bitcoin?
Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.
Are bitcoins safe?
The cryptography behind bitcoin is based on the SHA-256 algorithm designed by the US National Security Agency. Cracking this is, for all intents and purposes, impossible as there are more possible private keys that would have to be tested (2256) than there are atoms in the universe (estimated to be somewhere between 1078 to 1082).
There have been several high profile cases of bitcoin exchanges being hacked and funds being stolen, but these services invariably stored the digital currency on behalf of customers. What was hacked in these cases was the website and not the bitcoin network.
In theory if an attacker could control more than half of all the bitcoin nodes in existence then they could create a consensus that they owned all bitcoin, and embed that into the blockchain. But as the number of nodes grows this becomes less practical.
A realistic problem is that bitcoin operates without any central authority. Because of this, anyone making an error with a transaction on their wallet has no recourse. If you accidentally send bitcoins to the wrong person or lose your password there is nobody to turn to.
Of course, the eventual arrival of practical quantum computing could break it all. Much cryptography relies on mathematical calculations that are extremely hard for current computers to do, but quantum computers work very differently and may be able to execute them in a fraction of a second.
What is bitcoin mining?
Mining is the process that maintains the bitcoin network and also how new coins are brought into existence.
All transactions are publicly broadcast on the network and miners bundle large collections of transactions together into blocks by completing a cryptographic calculation that’s extremely hard to generate but very easy to verify. The first miner to solve the next block broadcasts it to the network and if proven correct is added to the blockchain. That miner is then rewarded with an amount of newly created bitcoin.
Inherent in the bitcoin software is a hard limit of 21 million coins. There will never be more than that in existence. The total number of coins will be in circulation by 2140. Roughly every four years the software makes it twice as hard to mine bitcoin by reducing the size of the rewards.
https://www.youtube.com/watch?v=5LMS0PIzGh8
When bitcoin was first launched it was possible to almost instantaneously mine a coin using even a basic computer. Now it requires rooms full of powerful equipment, often high-end graphics cards that are adept at crunching through the calculations, which when combined with a volatile bitcoin price can sometimes make mining more expensive than it is worth.
Miners also choose which transactions to bundle into a block, so fees of a varying amount are added by the sender as an incentive. Once all coins have been mined, these fees will continue as an incentive for mining to continue. This is needed as it provides the infrastructure of the Bitcoin network.
Who invented bitcoin?
In 2008 the domain name .org was bought and an academic white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was uploaded. It set out the theory and design of a system for a digital currency free of control from any organisation or government.
The author, going by the name Satoshi Nakamoto, wrote: “The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
The following year the software described in the paper was finished and released publicly, launching the bitcoin network on 9 January 2009.
Nakamoto continued working on the project with various developers until 2010 when he or she withdrew from the project and left it to its own devices. The real identity of Nakamoto has never been revealed and they have not made any public statement in years.
Now the software is open source, meaning that anyone can view, use or contribute to the code for free. Many companies and organisations work to improve the software, including MIT.
What are the problems with bitcoin?
There have been several criticisms of bitcoin, including that the mining system is enormously energy hungry. The University of Cambridge has an online calculator that tracks energy consumption and at the beginning of 2021 it was estimated to use over 100 terawatt hours annually. For perspective, in 2016 the United Kingdom used 304 terawatt hours in total.
The cryptocurrency has also been linked to criminality, with critics pointing out to it being a perfect way to make black market transactions. In reality, cash has provided this function for centuries, and the public ledger of bitcoin may actually be a tool for law enforcement.
How to Earn Free Bitcoins Daily without Investment in 2022
Are you interested in earning bitcoins? Then this guide is for you! Here we will talk about different ways via which you can earn free Bitcoins daily without any Investment by just doing simple tasks such as solving captchas, filling out surveys, etc.
One of the most popular digital cryptocurrency is Bitcoin. There are some of the businesses where this currency is accepted and is not taxed and has minimal transaction fees. This is the reason why many people want to earn this currency. There are various different methods to earn free Bitcoins. Some of the methods are mentioned below:
Bitcoins are accepted as a mode of payment: One of the simplest ways in which an individual can earn free Bitcoins is by accepting the Bitcoins as a means of payment. If the individual sells the goods and services or has a small business, then he/she can integrate this method easily and quickly with the help of the following steps:
The individual needs to get a free online Bitcoin wallet. Coinbase or other providers give access to this wallet. The individual needs to see what works best for him/her. The individual needs to make sure to keep his/her coins safe in 2 or 3 different places.
The individual is required to display the QR-code with the help of their Bitcoin address, which will be next to the cash register. There are two ways to do the same – when the individual has his/her wallet, go to a section which says ‘Add Funds’ or ‘Receive Money’ or something similar. The individual should print the image and place it next to his/her cash register. There are some of the wallets that offer ‘Receive Money’ functionality. The ‘create payment request’ is useful when the individual is earning Bitcoins by accepting them as a method of payment. In this space, the individual will fill in the amount of money that the customer needs to pay, and the corresponding QR-code will emerge automatically.
The individual can then display the ‘Bitcoin accepted here’ logo in their respective shop so that the customers will get to know that they have integrated this innovative payment.
Earn Free Bitcoins Daily without Investment in Legit Ways
Earn Free Bitcoins from Interest Payment
The individual can also earn free Bitcoins by lending them out. Given below are the various ways in which an individual can lend his/her Bitcoins –
Lending the Bitcoins directly to someone the individual knows – If there is someone on whom the individual can trust, then he/she can agree on the terms such as interest rate and duration.
Peer to peer Bitcoin lending – There are websites from different borrowers who offer this, including Bitbond. In this method, funding requests are published by the borrowers, and the individual can contribute to the loan. Before the individual lends the Bitcoins, he/she need to make sure that the borrowers and the site are trustworthy. When the creditworthiness of applicants is assessed by the site, the credibility of the borrower also increases.
Bitcoin Banking – This approach works like a bank. This is different than the peer to peer lending where the individual diversifies the lending activity to various borrowers; in this approach, there is only one borrower – the bank. The Bank invests the Bitcoins in the form of assets. The only difference is the fact that in the Bitcoin world, there is no deposit insurance.
Earn Bitcoins from Mining
Another way to generate Bitcoins is Bitcoin Mining. When an individual performs this, the computer adds new Bitcoin transactions to the blockchain. When the computer discovers a new block, then the individual is going to receive a number of free Bitcoins. Bitcoin mining is expensive and hardware intense. With this, there are some who supply computing power to the pool, and thus, Bitcoins are earned by them without having to build their own big mining frame.
Given below are some of the biggest Bitcoin mining pools:
Slush – This mining pool is among the first mining pools and is currently the most popular mining pool. Today, this pool mines about 3% of all the blocks.
Bitclub Network – It is a good site to start mining. This is considered to be a large mining pool and is easy to use.
Antpool – This mining pool is based in China, which is owned by BitMain. Of all the blocks, it mines about 25% of the blocks.
Bitfury – This mining pool is a leading full-service blockchain technology company. Currently, it mines about 2% of all the blocks.
BTCC – In China, this is one of the biggest Bitcoin mining pools. Currently, it mines almost 7% of all the blocks.
Earn Bitcoins from Tips
Earning Bitcoins as a means of payment is similar to receiving Bitcoins as tips. The individual can receive tips in different ways:
The easiest way to gain tips is by having a shop. The individual needs to check the QR-code to know what came in on that day.
If the individual doesn’t own a shop, he/she can still earn tips through a blog or any other similar kind of website. The individual needs to place the Bitcoin address or the QR-code on his/her page.
The individual can also join sites such as BitforTip. This is a page where an individual gets Bitcoin tips as incentives when he/she answers forums.
If the individual offers services and is interested in receiving the Bitcoin tips, then he/she can do so. This is a new approach as compared to the old fashioned cash tip. If the individual does not claim the tips within a month, then it is going to get transferred to the individual’s wallet. Another amazing thing about this is that it can be created.
Earn free Bitcoin from Trading
Another method in which an individual can earn free Bitcoins is through trading. There are two different ways to earn money from this, that is, through arbitrage and speculation.
Arbitrage – This is considered to be the safest way to earn Bitcoins through trading. This is basically simultaneous selling and buying of assets so that the individual can take advantage of the differing prices. The individual can buy a Bitcoin and then sell it immediately for a higher price.
Speculation – As compared to the above approach, this is riskier. The individual here will buy the Bitcoins and then will wait until there is an increase in the price to sell it for fiat currency. When there is a drop in the price, the individual tends to buy more. And in this way, the process is repeated. The individual either should be capable of predicting the future or luck to make this approach work in his/her favor. There are some of the people who are great traders and, thus, can recognize the patterns from the price charts.
There are a number of sites which are best for Bitcoin trading:
1. Coinbase – For trading cryptocurrency, this site is one of the most trusted platforms. This website offers the individual the ability to trade different kinds of digital assets on an insurance and secure platform.
2. Bittrex – This site is perfect for the customers who want industry-leading security practices, reliable digital wallets, and lightning-fast trade execution.
3. Poloniex – This site includes trading tools that are advanced for exchange, lending, and trading. It monitors the money 24/7 and keeps it safe. Cold storage is also available.
4. Cryptopia – With a much lower trading fee, this site is said to support hundreds of virtual cryptocurrencies. The main focus is on the user experience along with the integration of additional service, which can include wallet and marketplace.
5. Gemini Exchange – This is a New York-based exchange and is available in 48 US states and various other countries, including Hongkong, South Korea, Singapore, UK, Canada, and Puerto Rico. There are no withdrawal fees and deposits, but there is a charge of about a 1% fee for trades to both the seller and the buyer.
Use Bitcoins as Regular Income
If an individual wishes for a regular flow of Bitcoins, then the most basic way to do so is to make it as a regular income. There are some of the merchants who willingly accept Bitcoins, and the chances are greater if the individual is working with any of those employers, they might be more than happy to pay the individual in Bitcoin, too. The individual can also find jobs online and be self-employed and get paid in Bitcoins. The individual can look out for jobs in the following websites:
Bitcointalk Forum Services Section – This is a website that offers jobs to individuals who are fast to finish, and hence, the individuals can earn free Bitcoins easily.
Jobs 4 Bitcoins – The jobs offered on this site includes web developers, programmers, copywriters, UI designer, and many others. If an individual is trained in any of the above-mentioned jobs, then this site might prove to be helpful.
BitGigs – This is also a site where payment is made in Bitcoins. The job posts mentioned are graphic designers, copywriters, freelance writer, and many more.
Coinality – This site, along with listing the jobs, also mentions the location of the job. This is helpful for those individuals who want to find a local job nearby.
XBTFreelancer – This is also a great site for individuals who are IT professionals and are looking for jobs online. Many of the job listings are software related, or they require programming skills. This site is capable of understanding the future of cryptocurrency, and therefore, the payment for these jobs is made in various currencies, including Bitcoin. The individual can find remote jobs from the USA, UK, and EU.
Earn free Bitcoins through Affiliate Programs
Another great way to earn Bitcoins is by joining Bitcoin affiliate programs. The services running the Bitcoin affiliate program pay the individuals in the form of Bitcoins if the individual sends paying customers to the programs. The way this approach work is as follows:
The individual first need to sign up for the service’s affiliate program, and then he/she is required to give his/her Bitcoin address so that the payment can be made.
The service is going to provide the individual with a unique referral URL, which is going to point toward a particular website.
The individual is required to share the specified URL on his/her own website, Twitter, Instagram, Facebook, and so on.
If someone else clicks on the individual’s referral link, then the individual earns a commission for the purchase and is paid in the form of Bitcoins.
Given below are some of the famous Bitcoin affiliate programs:
Binance – Binance is a very popular and famous Chinese crypto-asset exchange program. This site is said to have most trade volumes. The commission per sale of this program is up to 20%. The payout is sent to the individual on the provided Bitcoin address.
Etoro – This is a trading platform that is innovative in which an individual can trade stocks, ETFs, commodities, currencies, and cryptocurrencies. The individual can profit up to 25% of the net revenues from the customer of the affiliate and 10% of tier 2 affiliates.
IPVanish – This is a VPN service that allows its users to connect anonymously to the internet so that they can transfer the data securely. On all new sales generated, it offers 100% commission, and on all subscription renewals, it gives up to 35%. In a lifetime, commissions can be earned by the individual. The payout frequency is generally monthly, with no minimum payout.
Ledger – This is an offline wallet that allows its users to store their Bitcoins offline safely. There are varieties of available models. The individual can earn up to 15% of the net sale amount for his/her commission. The payout is received monthly by the individual.
There are many different ways to earn free Bitcoins daily without any investment. Many people are new to cryptocurrency; they can, therefore, refer to the above-recommended ways so that they earn bitcoin without spending any money. This can also prove to be a really good start for those individuals who are interested and wish to join the Bitcoin wagon.
You want to earn some sats by spending time and/or providing some information to platforms that share crypto rewards.
Do you believe that crypto is the future of money? Of course, you do. That’s why you’re here. However, let’s face it. The current situation in the world has left many people out of a job, accepting pay cuts, or having to work reduced hours.
That’s led to lots of crypto evangelists feeling the squeeze, which means that many cannot afford to buy any crypto. But does that mean that you’re frozen out of the cryptocurrency markets? Absolutely not.
In this post, I’m going to go over my top ways to get free crypto. That way you can stack sats and altcoins without spending a cent. Sure, these methods are unlikely to make you a millionaire. However, many are perfect for people with a bit of free time on their hands, who want to get a toe in the water or increase their stack of crypto. I also have a top tip to improve your chances of finding the next Uniswap airdrop as well as a super deal that you will most likely want to take full advantage of. So yes, there is a little something for everyone in this post.
Disclaimer: All the content converted from Coin Bureau’s “BEST Ways to Earn FREE Bitcoin & Crypto!” video after getting the whole permissions
Bitcoin Faucets
My first way to earn free crypto has to be the good old Bitcoin faucets. But what on earth are they? These are platforms that reward users with free cryptocurrency when they complete certain tasks. These tasks usually involve things like typing in captures watching videos, playing online games, taking surveys, I think you get the picture.
You can make some sats with these faucets, but I do want you to have realistic expectations. Back in the day, it was possible to find Bitcoin faucets that paid out one BTC or even more, incredible when you consider the price of Bitcoin today. However, these days the best that the truly dedicated can expect is to make thousands of satoshis a day. Now that may not sound much, but I guess that’s exactly what people were saying years ago about faucets paying 1 BTC or more. But which Bitcoin faucets should you check out?
Cointiply is probably the best Bitcoin faucet that I found. It’s trusted by over 1.7 million people and has paid out over 1.2 million dollars in free BTC.
To get your hands on those three sats, you’ll have to complete offers, do surveys and watch videos. Do that and you’ll slowly build up that crypto stack for free. It’s that easy. But how do you earn the most Bitcoin from Cointiply?
If you log into your account once a day, you’ll get a loyalty boost up to 100%. So you probably want to max out that loyalty boost to get the most reward points for completing tasks, and then cash in those points for real crypto prizes.
There are a bunch of other crypto faucets out there too. So, if this method of learning free crypto is up to your street, then it’s worth diving down the rabbit hole of Bitcoin faucets for yourself.
One thing to point out is that most faucets usually have maximum withdrawal limits. So best to check up on those before getting started. After all, there’s nothing more infuriating than doing a bunch of surveys only to discover, you can’t withdraw that crypto.
But what if Bitcoin faucets are not for you or you want to find other potentially more profitable ways to build up that crypto stack.
My second way to get crypto for free is getting involved in airdrops and bounties. But what is an airdrop? No, it’s not when you chuck a load of paratroopers out of a plane.
In crypto, land airdrops refer to a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new cryptocurrency, increase the circulating supply and stimulate trading activity.
Now, while some are drops just require you to have an Ethereum wallet address, most require you to use the product that the project is building. You then have what is termed bounty airdrops, which basically reward you with project tokens for completing straightforward social media tasks.
These can be things like joining a project telegram group or reposting on Twitter. Now, essentially these types of airdrops create a win-win situation where you get free crypto and the project gets marketing and builds its community through the airdrop campaign.
The thing with airdrops is that some of them ended up giving participants a ton of money. One of those was Uniswap last year, which gave anyone who had traded on Uniswap a whopping 400 UNI tokens paid directly into their Ethereum wallet.
That actually even included around 12,000 addresses that only submitted a failed transaction. No, other tasks were required for this airdrop. It was simple. If you had used Uniswap before, then you got 400 UNI. Now at the time of shooting this post, UNI is sitting at around $25 dollars, which means that anyone who got is dropped and huddled got almost $10,000 worth of free crypto. But Uniswap wasn’t the only high-value DeFi airdrop.
1inch did one of their own towards the end of 2020 and a second-round earlier this year to ensure that users who had not received their tokens had another chance to get them.
That February airdrop also distributed 6 million 1inch tokens to Uniswap users as well. So yeah, those chaps using Uniswap sure did well out of this airdrop malarkey To receive the first 1inch airdrop 1inch users needed to have made at least one trade on the DEX before September 15th, 2020. Done at least four trades on the platform made a total of at least $20 in trades.
Basically, if you had met those conditions then you were quids in. Qualified addresses got at least 600 1inch tokens with the average token sum across eligible addresses sitting at over 1,600 tokens. Now, when I wrote this post 1 inch was trading at around $3, this means that DeFi fans who are eligible for the first airdrop ended up getting a minimum of $1,800 dollars in value for free.
Those that continued using 1inch at the start of 2021 got another pleasant surprise with a second wave of air drops too.
But what do the Uniswap and 1inch airdrops have in common? They were both for DeFi projects which had a working DEX and no token prior to the airdrop. So you might want to keep your eye out for similar types of projects.
We have seen airdrops by the likes of Tornado Cash and there are rumors that a few of the other popular DEXs which don’t have tokens yet met airdrop themselves. Sure there’s no guarantee that some crazy airdrop will happen, but if history is anything to go by, it’s not a terrible bet.
Now, back to bounty airdrops where can you find out? Which projects are sharing the crypto community with free tokens?
I’d recommend you check out airdrops.io. This site shows you all the latest hottest and upcoming airdrops all in one place. Even better the site will show you a step-by-step guide on how to participate and the social media accounts you’ll need to get involved.
But what if you wanted to double-check, if there were any additional airdrops going on, and if airdrops.io had missed any, you could hop on over to CoinMarketCap, and check out all the ongoing and upcoming airdrops over there too.
A pretty useful tool for those wanting to do that all-important airdrop research. Now, I want to move on to bounties. Essentially some projects out there make bounties a part of their marketing strategy and a percentage of their tokens are allocated to people like you and me for doing certain tasks.
Those tasks could be things like referring friends on telegram, creating a YouTube video on a project, quoting tweets, joining a project Telegram, and more. So yes, bounties are relatively similar to airdrops and that’s why I’ve loved them together in the same section of this post.
Honestly, these bounties are pretty hard to find, but you can use sites like Bounty0x.io to find the latest bounties out there.
Sure, bounties and airdrops can be a pretty lucrative way to earn free crypto, but what if you’re just dipping your toes into the markets and want to be paid for learning more about crypto.
Coinbase Earn
At three, I have Coinbase Earn. Over here, you basically get paid to do quick educational courses on specific cryptocurrencies.
Now, you can’t pick up a crazy amount of free crypto here, 3 MATIC is worth around $5, 3 GRT is worth around $2 dollars, in 10 XLM is valued at about $4 dollars, and you can earn about $9 dollars in COMP.
However, you can actually pick up around $20 in crypto for free here by simply learning more about these altcoins and being paid for the privilege.
Perhaps those Coinbase Earn courses have wetter your appetite to read even more educational content or even inspired you to create crypto blog posts yourself. If that’s you, then the good news is that there is a way to do all that while still earning free crypto in the process.
My fourth method to get that free crypto has got to be using Publish0x. Honestly, this is a really cool project which I personally love.
It’s essentially a site a bit like Medium where regular people like you and me can make blog posts. Publish0x supplies crypto and you don’t need any cryptocurrency to use the platform.
That crypto can then be used to tip blog post authors. You simply select how much you want to tip the author of an awesome blog post and how much you want to keep for yourself. So if you’re a bit of a wordsmith then you can monetize those writing skills by posting content on Publish0x and getting tipped by users.
Now, the third way to get free crypto here is by sharing top-notch articles. Basically, if a person share that article with tips, you get 5% of every tip your audience brings.
It works very much like a referral program. That most people will not get very much free crypto here. However, there are some truly fantastic articles here for you to get value from.
Also, content writers and referrers can sometimes earn a surprising amount of crypto too. So as a crypto educator it would certainly be remiss of me to miss this one off the list. But what if you’re not a wordsmith, all you feel that writing those crypto articles sounds a bit too much like hard work.
After all work and no play is a recipe for unhappiness. Maybe you want to focus more on the play part and get free crypto while you’re at it. Well, that’s actually entirely possible.
The next way to get free crypto is actually through playing blockchain games. Now, one game that I may be enjoying a bit too much at the moment is Town Star created by Gala Games.
That company was actually founded by the co-founder of Zynga who was the chaps behind Farmville. So yes, Town Star is basically a crypto version of Farmville.
What’s super interesting is that in Town Star, you are essentially competing in a blockchain ecosystem to build one of the top 200 most successful settlements each week.
Make it into that top 200 and you’ll win GALA tokens. Seriously there are people out there right now making hundreds of dollars worth of GALA tokens a week by just playing this game.
But what other play-to-earn games are there out there? You have Lost Relics which I’ve talked about in a previous post built by a One Man Army. This game has a blockchain marketplace within it, powered by (ENJ). The core gameplay is an action-adventure RPG and you essentially go around different worlds killing monsters.
But what’s the goal of the game? That can be distilled down into two main objectives. Survive, get Epic Loot. Now, what’s interesting is that Epic Loot comes in the form of NFTs or non-fungible tokens, and these actually have a monetary value and can be traded on the engine marketplace.
Some of those items are literally one of them and give you special abilities within the game. Yes, there will be quite a lot of grinding to get truly rare NFTs that are worth money. However, some of those super-rare NFTs can be worth thousands of dollars. So if you get an epic NFT drop within the game then you can hop on over to the Enjin Marketplace sell it, and you have effectively got free crypto for just playing a game.
If you want to learn more about the engine ecosystem, I have actually already created a dedicated post about the project so if you’re interested in blockchain games then you may read on Medium post below.
So essentially, there are two types of games that you can earn free cryptocurrency from. The first is by getting coins or tokens as a direct in-game reward. The second is through earning super rare NFTs in-game and selling them for crypto on NFT marketplaces like Engine wearable and Opensea.
But what if you’re all games out and you want to actually share and bounce ideas around with other crypto fans instead? Well, there is a way to do that and earn free crypto in the process.
Reddit
Now I’m sure that most of you have about Reddit and the legendary cryptocurrency subreddit. What many people do not know is that last year, Reddit implemented a community point system.
This is a mechanism that enables users of subreddits to be rewarded for their contributions with a unit of ownership in their subreddit.
Those points in the cryptocurrency subreddit are called MOONs and ERC20 tokens on the Ethereum blockchain. These can be earned through insightful comments, tipped, won, and spent on unique items within the community.
In short, the more karma you earn in the cryptocurrency subreddits the more MOONs you get the following month. So yeah you really can earn cryptocurrency for free by being an active member of the community.
But what if you already have some crypto and want to leverage it to earn more free crypto. There is a way of doing that. Allow me to enlighten you.
My final way to earn free crypto is by using a couple of products and services on Binance. Binance is widely known as the king of crypto exchanges. However, these folks offer a whole lot more than merely crypto trading.
Now, I don’t know about you, but most crypto holders that I know just leave that crypto in a hardware wallet and sit there waiting for the price to go to the moon. Sure that’s one strategy. However, you could instead put that crypto to work by supplying it on Binance and learning sweet interest.
Fixed savings rates for BUSD, are around 6% APY at the time of shooting this post, and the rate of USDT is over 5.5%, and that’s significantly better than any rate, I’ve been able to find at a bank and could be a great way for you to put some of that stable coin dry powder to work.
