Crypto Guide: Creative Ways to Earn Free Crypto Rewards
As Bitcoin and crypto-economics grow in complexity and acceptance, its traditional high barriers to entry continue to scale down. Gone are the days when cryptos and the blockchain were only for the tech-savvy and those with a huge fortune who could invest in these digital assets. Today, there are ways to learn, get into the blockchain, and even collect free crypto without spending money. Here, we'll guide you through the basics of earning free crypto without spending money.
Getting into the blockchain and crypto industry is tough. First, you'll need to learn and add a few skills, even if you're not directly involved in blockchain projects or developing new native tokens. There is plenty to learn in the planning and development side of the blockchain—you'll need some technical skills in cryptography, blockchain technology, and programming languages like C++, Rust, and Solidity.
Even as an investor and trader, much preparation and planning comes into the picture. For example, you'll need to learn tokenomics, read and understand technical analysis, and even research the project's research cases. Getting into crypto, or even buying or holding it, isn't easy; you'll make many mistakes and get burned by ill-timed trades before you can earn from it.
But the good news is that the crypto industry 'has become friendlier' to holders and potential participants. The barriers to entry to crypto and the blockchain industry have been lowered, with plenty of educational resources and websites available for interested parties.
Then, if you ever plan to hold crypto, having a considerable sum of money is no longer a requirement. There are creative ways to claim or earn free crypto like Bitcoin, Ripple's XRP, Ether, and other altcoins without spending money. Most of these opportunities are available inside our main FaucetPay website, while others are readily available online, which you can easily.
In this blog, we'll walk you through the basics of some of the creative and easy ways to earn and grow your holdings via rewards and free crypto.
Claim your free crypto via cryptocurrency faucets
Let's talk about the crypto faucet first.
A cryptocurrency faucet is a platform that allows users to claim small quantities of cryptos for completing simple tasks. For example, a faucet may reward users with free Bitcoin or free XRP for viewing an ad, participating in a survey, playing a game, or even completing a Captcha. The quantities of free cryptos that these platforms generate are frequently small, similar to tiny drops of water from your leaky faucet.
The first crypto faucets were for Bitcoin, with the primary aim of drumming up interest and increasing the adoption rates for the asset. Bitcoin developer Gavin Andresen designed the first crypto faucet, which rewarded users with 5 BTC by completing a simple Captcha. But before you get too excited, Bitcoin was trading between $0.10 to $0.20 on October 26th, 2010, and before the year's end, Bitcoin's price hit $0.30, according to Investopedia.
At that time, Bitcoin's value was very small, similar to most meme coins in the market. So Andresen found a creative way to spark interest and adoption of Bitcoin during that time—use Bitcoin as a reward for users who can complete simple tasks, like a Captcha.
Join Paid to Click (PTC) programs to claim free crypto
Paid-to-click (PPC) programs are popular online advertising models that allow internet users to earn money by clicking on a link, advertisement, or video. The PPC program offers business owners and marketers an easy and cost-effective way of driving website traffic. A great example of this is Google AdSense, where site owners can display their Google ads and get revenue based on clicks.
Now, it's also possible to claim free crypto by participating in several Paid-to-Click (PTC) programs. In PTCs for free crypto, you'll only need to click on an ad or link to earn other altcoins. You can browse the web to find websites that offer this service, or you can also try the program available at FaucetPay.
FaucetPay, a leading micropayment wallet and earnings platform, enables its users to earn free cryptocurrency creatively, including through its PTC program. Unlike other apps and websites, FaucetPay filters its partners, so you only work with legitimate and reputable apps and sites that offer free crypto as a reward.
Stake your crypto
Another way to earn free crypto is through staking. In cryptocurrency, staking is a method of earning rewards by utilizing your tokens on the blockchain. In return for securing the network, you get interest based on the total amount of tokens staked. Please note that the staking service is only available for cryptocurrencies that utilize the "proof-of-stake" consensus mechanism, such as Ethereum, Solana, Binance, and Cardano.
Staking or locking your crypto is a great option for individuals who want to hold onto their digital assets for an extended period. Instead of letting it sit idle, you can earn a passive income with a staking service. If you're planning to stake your crypto, we recommend checking the platform's T&Cs, particularly its Annual Percentage Yield (APY).
Think of the APY as the interest for saving your crypto: the higher the APY, the better. FaucetPay is one of the best platforms for staking your crypto. Aside from its crypto faucets and a powerful in-house crypto wallet, FaucetPay also allows its users to stake FEY, its in-house native token. At FaucetPay, you can enjoy pooled staking of FEY and enjoy up to 30% APY, one of the highest in the industry. What's interesting about FaucetPay is that it offers emergency unstaking that comes with a 10% fee.
Learn and earn free crypto
Another easy way to earn free crypto is through learning rewards. Several websites challenge their guests and members to learn about the basics of crypto. In these websites, you'll be asked to read resources, watch videos, and claim free crypto as your reward.
Final thoughts
Free crypto may seem like an offer that's 'too good to be true,' but it's now a possibility. There are numerous apps and websites, including crypto faucets, that allow you to claim free cryptocurrency by simply completing straightforward tasks. For example, you can earn free Bitcoin or USDT by clicking on ads, watching videos, or simply proving that you're human by completing a CAPTCHA. However, earning free crypto isn't easy—it take's time and some effort on your part.
Although the tasks to complete are easy and don't require much skill, choosing a crypto faucet or a crypto platform isn't straightforward. Let's admit it, the cryptocurrency industry is riddled with scams and shady sites that primarily aim to steal private information. If you're planning to get into crypto and the blockchain through free rewards, then you should only do so through a legitimate and safe app or platform.
FaucetPay is a trusted website for crypto faucets and earning crypto rewards. Upon successful registration, you'll gain access to a powerful on-site crypto wallet that holds your earnings while participating in tasks. More importantly, FaucetPay is safe, and account creation is fast and free.
