How to Get Free Crypto

ByBit Earn Investment Programs

The first most legit way to earn free crypto in 2023 is through ByBit Investment Programs.

Bybit Savings is a platform that provides a customized savings experience for crypto holders. It allows investors who have saved with them to earn interest on their favorite coins. You can choose from flexible- and fixed-term products that offer competitive and guaranteed APYs(Annual Percentage Yields).

For example, you get daily yields. Here your total yield will be calculated by multiplying the number of tokens you've staked by the APY for the staked token after it is divided by 365 days.

As you can see from this method, you don't have to do anything other than save with Bybit.

Coinbase Earn

Coinbase allows you to earn cryptocurrency as a reward for learning about it. Every time you make an effort to learn about the performance of various cryptocurrencies, you receive a few coins for free to experiment with.

First, you go through a series of tutorials created by Coinbase themselves. You are given a quiz after each session to assess your knowledge. Free cryptocurrency is deposited in your wallet as a reward.

However, there is a catch. The quizzes are not simple. The tutorials are technical and you need to pay attention. But if you are a fast and attentive learner, you have nothing to worry about. The platform is quite popular, so many people have succeeded in passing the quizzes. Nothing is stopping you from doing the same.

This program is also a source of satisfaction for several investors. As it creates an environment for newcomers to earn free coins as they get started in the industry, it also provides them with reliable knowledge of currencies and a solid grasp of trading.

Coinbase rewards are accessible to everyone. The Coinbase Learn and Earn program is available to anybody who qualifies as a platform user.

Crypto Bonuses and Referral Programs

Crypto bonuses are a form of the program employed by cryptocurrency exchanges as promotional gifts to attract new traders. There are several forms of cryptocurrency incentives and promotions. However, the three most common forms are sign-up bonuses, referral bonuses, and reward bonuses.

A crypto sign-up bonus is a sort of bonus offered by a cryptocurrency exchange to new customers in exchange for opening an account. The sign-up incentive varies from one crypto exchange to another. It is usually issued after you have verified your account and deposited a particular amount of money into your account balance. Some cryptocurrency exchanges may need you to make a trade before you can receive the sign-up bonus.

A crypto reward program is a kind of crypto bonus in which the trader must complete specific tasks to obtain the bonus.

Coinbase, for example, operates a reward program called Coinbase Earn that provides its members with free bitcoin. Simply view a few videos on an available cryptocurrency of your choosing and take a test or quiz to earn a free coin.

Finally, crypto referral bonuses are offered to participants in a crypto referral scheme. A cryptocurrency referral scheme is one in which an online broker or cryptocurrency exchange creates a one-of-a-kind registration link for its members. When a new account is opened using a trader's registration link, the trader earns a crypto referral incentive in the form of free crypto or money.

Mining On Computer

Mining is the process of producing cryptocurrency by providing solutions to certain tasks involved in the running of the blockchain.

The blockchain is a decentralized, digitally distributed data ledger. All the information about crypto is stored as blocks, which follow each other in a chain. As there is no single control center, the operation of the system is ensured by miners. Anyone can become a miner.

Miners are people that provide computing capacities of their devices for solving the tasks in the network. They finance the machines themselves and decide how much they work. However, the cost of mining is rather significant, both mentally and financially. To incentivize the people, the system rewards them with free cryptocurrency.

In the Bitcoin network, the reward for each block that is mined as of 2023 is 6.25 BTC. In 2024, there will be a halving, where the reward will drop from 6.25 BTC per block to 3.125 BTC.

However, halving traditionally leads to an increase in the value of the cryptocurrency at the exchanges. So, if this is something attractive to you, you still have time to get into it.

Contribute to the Crypto Community

Contributing to the crypto community is a clever way of earning passive crypto income because you get to choose what to do. The most lucrative method is blogging because even without crypto, blogs bring in a lot of money.

Crypto blogs generate a lot of traffic because of the popularity of the industry. Writing about the news that affects crypto prices or chronicling crypto events are the best ways to go. Alternatively, you could give your unique insights into crypto-related issues.

Bitcoin Faucets

Crypto faucets are websites or mobile applications where you may do tasks in exchange for cryptocurrency payouts. These sites provide free cryptocurrency in exchange for accomplishing simple activities such as playing games, watching films and advertisements, and solving riddles. However, the incentives are usually insignificant and will not make anything truly considerable.

Because of their low-income capacity, you need to find the best in the market and then try out a number of them. Bitcoin faucets are best for people who enjoy doing random tasks, or who just want some extra time on their schedule to be filled up.

But it is not all doom and gloom. Bitcoin faucets offer numerous features. Many of them provide additional bonuses, promotions, referral schemes, and other ways to improve revenue. If you can manage these properly and create effective strategies around them, you could gain considerable returns.