How to Earn Free Crypto - 8 Best Methods
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With the development of cryptocurrencies in recent years, platforms provide multiple use cases that allow investors to earn free crypto rewards by participating in their networks. Whether long-term investors want passive income or players earn rewards by participating in in-game activities, anyone can earn crypto for free in 2023.
This guide informs readers how to earn free crypto through 8 different methods - including airdrops, giveaways, staking and more.
8 Best Ways to Earn Free Crypto in 2023
The section below provides a quick look at the 8 best ways to earn crypto in 2023.
- Play Games at the Lucky Block Casino
- Earn Free Crypto Tokens with Tamadoge on OKX
- Earn 25% APY on the Battle Infinity Ecosystem
- Use Cryptocurrency Interest Accounts
- Earn Cryptocurrency Rewards with Debit/Credit Cards
- Get Free Bitcoin with Crypto Faucets
- Earn tokens with Crypto Mining
- Learn and Earn Crypto
Best Methods to Earn Cryptocurrency Reviewed
Wondering how to earn crypto? The sections below analyze some of the top methods to earn with digital assets.
From earning high APY (Annual Percentage Yield) with the best crypto interest accounts to winning multiple cryptocurrency giveaways, here are the best ways to earn free cryptocurrency rewards.
1. Play Games at the Lucky Block Casino
During our research and testing, we found that one of the best ways to earn free crypto is to partner with Lucky Block. Lucky Block is a brand-new crypto casino launched in late 2022, backed by the groundbreaking LBLOCK token. LBLOCK was a breakout star in 2022, nearly hitting a $1bn market cap at its peak.
The process to earn free crypto with Lucky Block differs from the other approaches on our list, as users must rely on skill and luck to win prizes. Lucky Block's casino offers over 2,700 games users can play to earn crypto, including world-class games like Aviator, Crash, Keno, and Mines.
Lucky Block supports ten different cryptos, meaning users can fund their accounts using coins like BTC, ETH, and DOGE. No deposit fees are charged, and Lucky Block's minimum deposit threshold is just $1 (or crypto equivalent). There are also no KYC checks to create an account, meaning users can sign up in minutes.
As one of the best Bitcoin casinos to launch in recent times, Lucky Block ensures it remains enticing through its cashback promotion. This promotion allows new users to earn free crypto, as 15% cashback is given on net losses for the first seven days on the platform. This cashback can be paid out in various cryptos by contacting the customer support team.
Lucky Block also stands out from the best decentralized gambling sites thanks to its $10,000 LBLOCK giveaway, with one lucky winner being picked on December 31st. All new users can be in with a chance to win this prize by creating an account and placing a bet on the platform.
Lucky Block has also just launched a new 'Races' feature that sees users with the most turnover being awarded lucrative prizes. Prizes of up to €1,000 are on offer to active gamers – providing an incentive to choose Lucky Block to earn free crypto.
Finally, it’s important to note that US and UK users can only access Lucky Block casino by using a VPN – as it’s currently geo-restricted in these locations.
2. Earn Free Crypto Tokens with Tamadoge on OKX
Tamadoge (TAMA) is a new cryptocurrency project and the native token of the Tamaverse - a play-to-earn (P2E) ecosystem offering in-game earning opportunities to investors. After purchasing TAMA tokens, the community members can purchase playable NFT avatars known as ‘Tamadoge Pets’.
These NFTs are minted using smart contract functionality and can be grown and bred by purchasing other virtual items from the Tama store. Eventually, Tamadoge pets can be used in community-wide competitions to earn points on a monthly leaderboard. The top performers are rewarded with free Tamadoge crypto.
Tamadoge has already conducted crypto giveaways worth $100K to presale investors to promote this crypto project. After completing one of the best crypto presales in 2022, Tamadoge raised $19 million in just over 8 weeks. The price of TAMA increased from $0.01 to $0.03 by the end of the round - a 300% price increase.
Following the announcement, Tamadoge was listed on OKX - a global multi-asset trading platform with more than 20 million traders. On September 26th, TAMA began trading on the OKX centralized (CEX) and decentralized exchange (DEX) - making it available to investors, regardless of geographical regulations.
On OKX, Tamadoge is offering investors the opportunity to earn free crypto rewards. Users must sign up with OKX, complete the KYC Level 1 and trade the TAMA/USDT pair (no minimum trade size). After completing this, investors will win $10.
Along with the opportunity to earn free crypto, Tamadoge (TAMA) has the potential to become one of the best long term cryptocurrency projects. The token offers a maximum supply of 2 billion tokens, making it a deflationary asset. Furthermore, 5% of all TAMA spent on the ecosystem will be burnt.
Thus, the token will increase demand against the supply, potentially making it more valuable in the long run. According to the Tamadoge whitepaper, the platform plans to implement an AR-based P2E app and a P2E-arcade game and make strategic metaverse partnerships in the coming years.
Currently, Tamadoge (TAMA) is trading on the OKX exchange at $0.073 per token - more than a 700% price increase since its presale launch price. Tamadoge will also be listed on MEXC exchange and LBank on 5th October 2022.
To stay up to date with the game's latest developments, investors can join the Tamadoge Telegram channel. Please, be careful of imposters, channel admins never DM subscribers first.
3. Earn 25% APY on the Battle Infinity Ecosystem
Battle Infinity (IBAT) has emerged as one of the best metaverse games in 2023 - offering several in-game earning opportunities in its virtual ecosystem. The platform allows players to access the Battle Arena - a virtual ecosystem where all characters and avatars are minted as NFTs, using ERC 721 smart contracts.
Players can update their virtual avatars on Battle Infinity’s NFT marketplace and access the metaverse reality via VR headsets. One of the best play-to-earn crypto games, Battle Infinity offers an NFT-based sports fantasy league where players can earn rewards with IBAT - the native cryptocurrency. IBAT tokens can be accessed and swapped with other cryptos on the IBAT Battle Swap - Battle Infinity’s decentralized exchange.
Notably, the cryptocurrency exchange’s new staking platform offers investors free to earn cryptocurrency. In September 2022, Battle Infinity launched the IBAT Battle Stake - the staking platform where IBAT can be deposited to earn potentially high APY.
2 days after the launch, Battle Infinity witnessed over $3 million worth of tokens locked on the staking protocol. Players can access flexible staking - which offers 12% APY and allows you to withdraw your tokens at any time.
The locked staking option lets players earn higher yields by locking up IBAT. For example, a 30-day lock-up results in 14% APY, while you can earn 17% for 90 days of staking. The yield increases to 20% and 25% for 180 days and 360 days lock-up, respectively. One of the best proof of stake platforms, more than 10% of the 10 billion maximum supply of IBAT deposited on the Battle Stake. Currently, over $4 million worth of IBAT has been staked on Battle Infinity's staking protocol.
As the staked amount increase, the reduced supply of tokens can potentially lead to a higher price movement. The coin's popularity increased as it collected 16,500 BNB worth of IBAT in 24 days of the presale. After being listed on presale for only $0.0015, IBAT is trading on PancakeSwap at $0.0035.
4. Use Cryptocurrency Interest Accounts
Cryptocurrency interest accounts act similar to saving accounts - deposit different crypto assets and earn interest on your holdings. Therefore, long-term holders that want to hold their digital assets can leverage these services to earn free rewards.
One popular cryptocurrency account is Aqru - crypto savings account that offers high APY returns on popular assets such as Bitcoin. Aqru offers 7% APY on Bitcoin and Ethereum, offering lucrative passive income earning opportunities. Notably, Aqru also lets investors earn interest on stablecoins such as USD coins and DAI - with a 12% APY.
Notably, the interest earned on Aqru does not differ per deposit. Many exchanges offer differing APY depending on the amount deposited, but Aqru supports free crypto-earning opportunities without any limits. Furthermore, with Aqru, investors do not need to lock up their cryptocurrencies for a specified amount of time.
Investors can access other cryptocurrency interest accounts from platforms such as BlockFi, Binance and Crypto.com.
5. Earn Cryptocurrency Rewards with Credit/Debit Cards
Regular cryptocurrency traders can benefit by purchasing cryptocurrency credit and debit cards. With a crypto debit or credit card, investors can convert popular assets such as Bitcoin, Ethereum and more to fiat currency at merchant points. This process can also be conducted at specific ATMs where VISA and MasterCard are supported.
Therefore, the crypto cards can be used to purchase goods and services, even if the particular outlet or merchant does not support direct crypto payments. In such instances, the merchant at the other end of the transaction does not have to accept the payment in cryptocurrency since the providers handle the exchange process.
Importantly, cryptocurrency credit and debit cards can give holders cashback rewards - allowing them to reclaim a certain amount of the transaction. For example, Crypto.com offers the Crypto.com VISA card - which offers up to 5% cashback when buying cryptocurrency.
Some offers include a 10% rebate on Expedia or Airbnb bookings and a 100% rebate on your basic subscription plan for Netflix. Importantly, Crypto.com offers a maximum of 1 reimbursement per merchant per month.
Crypto.com offers different card types, each requiring a different amount of minimum investment staked in CRO - the native cryptocurrency. For example, the Ruby Steel Cashback card requires a minimum of $400 staked in CRO.
6. Get Free Bitcoin with Crypto Faucets
Crypto faucets are online websites or apps where you can stand a chance to win free cryptocurrency rewards by carrying out specific tasks or competing in various games. One of the top crypto faucets is FreeBitcoin - a platform which offers free Bitcoin (BTC) rewards to players.
The FreeBitcoin website claims to offer up to $200 worth of free BTC per hour by competing in games. The site allows players to compete in the HI-LO game, which leverages math and cryptography to offer players a fair chance to win rewards. The platform states that players can wager on the HI-LO dice game, with the top 10 ranked performers standing an opportunity to earn up to 1 Bitcoin every month.
Players can also enter into golden ticket draws after wagering BTC on the HI-LO game to stand a chance to win a free Lamborghini. FreeBitcoin also hosts a referral programme - where you can refer an individual and earn 50% of their rewards won on the site. With FreeBitcoin, players can also earn interest on crypto such as Bitcoin. Deposit Bitcoin in your FreeBitco.in wallets to earn up to 4.08% annual interest.
Hosting weekly free lotteries, FreeBitcoin states to have over 50 million registered users on its platform.
7. Earn tokens with Crypto Mining
Cryptocurrencies can be created using either the Proof-of-Stake (PoS) or the Proof-of-Work (PoW) algorithm. The PoS consensus involves staking cryptos to validate new blocks, with the potential to earn cryptos as a reward.
However, the PoW consensus involves mining cryptocurrency to earn new tokens as a reward. For miners to generate new tokens, they must deploy machines and use large amounts of computational power to solve complex mathematical problems. For example, Bitcoin miners work to solve a mathematical problem - simultaneously validating new blocks on the blockchain in return for BTC rewards.
One of the best proof of work cryptos, Bitcoin provides an estimated 6.25 tokens as rewards for successfully validating a new block. With a maximum supply of 21 million tokens, around 19.17 million tokens are circulating right now. After every 210,000 blocks, the rewards are halved to ensure the demand outweighs the supply.
It is estimated that all the 21 million BTC tokens will be mined and be in circulation by 2140. Unlike staking cryptocurrencies, crypto mining requires large amounts of hardware devices and computational power. As of July 2022, it is estimated that the average cost of mining 1 Bitcoin is $13,000.
8. Learn and Earn Crypto
Learn and earn cryptocurrency programs promote crypto education by leveraging cryptocurrency rewards for cryptocurrency investors. By accessing educational material from various sites, users can earn free cryptocurrencies and simultaneously increase their knowledge of digital assets.
For example, Coinbase is one of the biggest cryptocurrency exchanges integrating crypto learn and earn. With ‘Coinbase Earn’, investors can take part in various online quizzes and free courses to earn cryptocurrency rewards. On Coinbase, rewards can be earned in over 20 tokens, depending on the courses you complete.
Binance is another top cryptocurrency exchange that offers learn and earn crypto rewards. The platform offers ‘Binance Academy’ - an online educational platform that provides reward certificates and free cryptos. The Binance reward certification requires investors to buy additional digital assets to redeem their rewards. Therefore this method incentivizes new investors & beginners to learn more about this asset class while giving them a chance to earn rewards.
Some beginner traders are also interested in the best crypto auto trading platforms that offer convenient features and tools to help make the entire investment process a more hands-off experience.
Conclusion
This guide has provided some of the best methods to generate free cryptocurrency rewards in 2023. Amongst the best methods include playing games at the Lucky Block Casino and earning free Tamadoge (TAMA) tokens on the OKX exchange.
The former is our recommended option, as new users can sign up in minutes, with no KYC checks required. Moreover, Lucky Block boasts thousands of games and sports betting markets to choose from - and even offers 15% cashback on new users' first seven days on the platform.
FAQs
How can I get free crypto?
Free cryptocurrency can be generated by multiple methods, including playing games on Lucky Block, earning free Tamadoge by signing up on OKX and accessing various educational resources on the top cryptocurrency platforms.
Which apps give free crypto coins?
FreeBitcoin is a cryptocurrency faucet application that claims to offer up to $200 worth of free Bitcoin every day. Other interest-earning apps like Aqru offer competitive annual yield prices on Bitcoin, Ethereum and stablecoins.
