As we've seen in the past weeks and months, the cryptocurrency market can be highly volatile. Timing the market to buy low and sell high is easier said than done. With markets coming down from their all time highs, now is a great time to acquire some cryptos for free. Why? Because these coins are at a discount now allowing you acquire more with less work and effort. Likely, these coins will settle down for awhile before the next big shift. This is a pattern that has repeated with the overall crypto market and with the larger more established coins. To get any coins you'll first need a wallet, if you already have one you can skip ahead to the next portion.
Setting Up a Crypto Wallet
Like an actual wallet a crypto wallet is a software that stores your coins safely for you. Each wallet generates a private key for you allows you to access your funds. This key should be kept safe in case you ever need to recover your wallet. As a beginner you'll want a wallet that is easy to use and allows you to receive payments in multiple currencies. The EXODUS wallet does just that along with a sleek interface and tools to trade currencies and track your gains.
Top 5 Ways to Get Free Cryptos
Bitcoin Faucet Sites
Faucet sites started out as a way to popularize cryptocurrencies by giving small amounts away for free to users. Over time these sites added new features and partners to essentially become reward sites that pay out in bitcoins or other crypto coins. You can earn coins by viewing ads, taking surveys, playing games, and completing offers. Each site is different but they all rely on the same basic principles. To be clear this isn't life altering money but a fun way to get introduced to cryptos and perhaps get a few coins to play around with or practice trading. To maximize earnings you want to go for high paying offers and surveys. When doing surveys it is important to be honest and consistent, if you're not, many of survey routers will ban you from taking surveys. These sites can be quite addictive due to the gamified nature, you want to get in get a good amount of points and get out. While there are many sites you can try out the one listed above is the longest running and most popular bitcoin faucet site.
My Results After Two Weeks Using A Bitcoin Faucet
Crypto Advertising
A-Ads is one of the first ever ad networks to pay out with cryptos. The best part is they accept virtually any website. Sites like Tumblr, BlogSpot, image sites, auto-blogs, and apps can all be monetized. They have a wide variety of ads but if you have a small amount of traffic it will default to crypto offers to maximize your pay. They offer image based ads as well as text based ads (similar to Google Adsense) which can be customized to fit the look and feel of your site. The site pays out in bitcoins but allows deposits (for advertising) in other currencies. They pay for impressions but will pay more if people are clicking. It is a good idea to check their ads and try to create a site that compliments them well.
Brave Browser and the Basic Attention Token
Brave Aims to Change the Dynamic of Advertising on the Internet
You may have heard of the Brave browser, most people know that it is Browser that aims to improve privacy, security, and block ads. However, that is not all their is to it. Brave is also implementing a new way for publishers (bloggers and website owners) to get paid in cryptos. In this case, the crypto is called BAT (basic attention token) which was created by the founders of Brave to work with the Brave browser. The way it works is while the browser blocks intrusive third party ads, they have their own ad ecosystem that you can opt into and earn cryptos. With this system everyone earns: publishers, advertisers, and users.
How Users Earn with Brave
Users earn BAT by opting into ads and get paid based on the number of ads with which they engage. Ads are targeted based off of your browsing history (except when in private mode) but this information never leaves your browser and is not collected by Brave or any third party. Users earn up to 70% of the ad revenue from advertisers, users can then share this BAT with their favorite content creator or have it automatically donated to sites they visit.
How Publishers Earn with Brave
Earn as a publisher is a little more involved than earning as a user. First, you must register as a Brave Content creator. Then you verify your different websites and social media. Then you connect your account to Uphold (a crypto currency wallet and exchange) so that you can convert your BAT to dollars or other cryptos.
Mining with the Unmineable App
Mining cryptos directly is becoming harder and harder by the day as the computer systems needed to mine directly become more and more complex and expensive. However, the average person can still get involved if they join what is called a mining pool. A mining pool is basically a network of computers that mine together, the mining rewards are pooled together and divided based hashrate (the rate at which the computer is running the algorithm.) Unmineable is a mining pool that let's you mine with either your GPU (the best choice if possible) or your CPU (much less efficient) and get paid out a wide variety of crypto. This means you can get paid in a crypto like XRP that is very hard to mine directly. This also means you can use just about any computer to mine with because you can always use the CPU option.
Not all PCs can profitably mine cryptos even with a pool, if your hashrate is too low you could be expending more on electricity than you're making.
Creating A Donation Page
Could you acquire more cryptos simply by asking for them? It is definitely possible, the crypto community is very generous and loves to support people and websites they find useful. If you have a website, blog, or social media channel there is way you can link all of them to a central profile where people can support you. Link Tree allows you to create profiles with links to products you support, crypto addresses, and donation buttons. It's a central place for your fans across the web. How to link your crypto addresses:
Some simple formats for adding crypto donation links:
If you are looking some of the less well known cryptos you can always simply do a google search for "NAME OF CRYPTO block explorer" and look for website that track the blockchain. From there you should be able to find your address on the block.
Further Thoughts?
We love hearing from you, are there any great ways to earn crypto that we missed? Is there a site you love that we passed over? Tells us about it in the comments below!
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