How to earn free Ether

How to earn free Ether

In this review, the experts at TU will discuss ways to earn Ether, the cryptocurrency of the Ethereum network, for free. They will explore a variety of methods for obtaining Ether without spending any money, including competing in P2E games, participating in airdrops and bounty programs, and more. By the end of this article, you will have a better understanding of the various options available for earning free Ether and can choose the methods that best fit your interests and resources.

Is free Ethereum possible?

It is possible to get free Ethereum through a variety of methods. One option is to purchase a mining contract with a company that offers cloud mining services. Another option is to participate in the staking process on the Ethereum 2.0 network, which rewards users for helping to validate transactions and secure the network. Airdrops are also a way to earn free ETH, as some projects distribute the cryptocurrency to their community members or the general public in promotional campaigns. Additionally, some games on the Ethereum network allow players to earn ETH as a reward for playing and advancing in the game. While getting free Ethereum may require some effort and may be more complex than purchasing it on an exchange, it is ultimately possible to acquire ETH without spending any money.

Ethereum faucets sites

An Ethereum faucet is a website that rewards users with small amounts of ETH for completing certain tasks, such as solving captchas or viewing ads. These faucets are typically funded by advertisements, and the amounts paid out to users are usually very small, often measured in fractions of a cent. However, some faucets offer higher payouts or have referral programs that allow users to earn more by inviting friends to join the faucet.

Examples of Ethereum faucets include:

1. Allcoins.pw

Allcoins.pw is a free Ethereum faucet with various games available, as well as miner and auto faucet options. The site supports over 29 digital assets and offers payouts of up to 7,430 gwei every five minutes. In addition, Allcoins.pw has no minimum withdrawal amount and offers crypto exchange services, live chat, and customer support.

2. ClaimFreeCoins

This is one of the easiest crypto faucets to use. It has minimal functionality, an intuitive interface, and high speed. You can earn only by entering captcha at intervals of 5 minutes. The reward is random, the minimum is 20 satoshis, the maximum is 30 satoshis.

Withdrawal is available on FaucetPay, and then to your wallet. It is not possible to withdraw less than 40,000 satoshis. Note that you can earn on the faucet not only Bitcoin but also other cryptocurrencies, including Etherium (Ξ), Dash (Ð), Litecoin (Ł), and Tezer.

3. Speedup Faucet

Speedup Faucet is an ETH faucet that allows users to earn Ether through captchas or dice games. The site offers payouts of up to 3402 gwei every ten minutes and supports various digital assets. Speedup Faucet also rewards the top ten claimers each week with a percentage of their cumulative claims and has a bonus reward for every 15 claims. In addition, the site offers instant payouts to the faucethub microtask payment processor and has an active presence on forums.

Ethereum mining contracts

Ethereum cloud mining contracts allow users to participate in Ethereum mining without the need for physical mining equipment, such as graphics cards or a computer. Instead, users can rent the use of mining hardware located in a remote data center. This is known as cloud mining.

Users typically pay a fee to participate in a cloud mining contract, and in return, they receive a certain amount of mining power, typically measured in hashes per second. The mining hardware located in the remote data center is used to mine Ethereum, and any rewards earned are typically shared between the user and the provider of the mining hardware.

Cloud mining contracts are typically offered for a fixed period, during which the user can continue to receive mining rewards. However, some contracts also have maintenance fees, which are additional fees that the user must pay to cover the cost of maintaining the mining hardware.

Cloud mining can be a convenient option for users who do not want to deal with the technical aspects of mining, or who need more financial resources to purchase and maintain their own mining equipment. However, it is essential to carefully research and compare different cloud mining providers before signing up for a contract, as there are many scams and unreliable companies in the industry.

Examples of free cloud mining providers in 2023:

1. StormGain

StormGain Review

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StormGain is a bitcoin mining software that allows users to invest in digital currency easily and track price movements through a user-friendly dashboard. The application also includes charting tools and offers a secure wallet to protect cryptocurrency. In addition, users can choose from various payment options and earn interest on their funds up to 12%.

2. ECOS

ECOS is a mining company that serves over 100,000 users worldwide and has a mining facility in Armenia's Free Economic Zone. The company offers mining contracts, cryptocurrency indices, and a multi-currency wallet for trading and managing crypto assets. ECOS has a customizable mining contract platform, Android and iOS apps, and a low wallet withdrawal minimum. The company also provides a 180-day warranty on its equipment and hosting services and offers a free mining contract for one month.

3. Genesis Mining

Genesis Mining is a cryptocurrency mining company that was established in Hong Kong and has a mining facility in Eastern Europe. The company offers a variety of mining options for different types of miners, including beginners, family miners, and large investors. In addition, it allows users to mine multiple cryptocurrencies at once and does not have any monthly maintenance fees.

Ethereum 2.0 staking

Ethereum 2.0, also known as Eth2 or Ethereum Phase 2, is a major upgrade to the Ethereum blockchain that aims to improve its scalability, security, and sustainability. One key feature of Ethereum 2.0 is the introduction of a proof-of-stake (PoS) consensus algorithm, which replaces the current proof-of-work (PoW) algorithm used by Ethereum.

In a proof-of-stake system, the validators (also known as "stakers") are responsible for verifying and adding new transactions to the blockchain. They do this by "staking" their own Ether (ETH), which serves as collateral that they will lose if they act maliciously. Then, validators are chosen to produce new blocks in proportion to their stake, and they earn rewards for their work in the form of newly minted ETH.

The top staking platforms to get free ETH include:

1. ByBit

Bybit Review

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Bybit is a cryptocurrency trading platform that offers both flexible and fixed-term staking options. With this, traders can pick the staking period that suits their investment strategy. One of the key metrics to keep in mind is the effective staking amount, which reflects the coins currently calculated for yield.

Staking Conditions

To understand staking on Bybit fully, several conditions are paramount. The effective staking amount is essentially the number of coins you've staked that are actively generating yield. On the other hand, Bybit sets a maximum staking limit for each cryptocurrency, which varies depending on the token. The yield distribution start time is when you begin to earn rewards on your staked assets. The platform also provides an estimated annual percentage yield (APY), fluctuating based on the total staked amount and token type.

How to Start Staking

Getting started with staking on Bybit is straightforward. You'll need a verified account and adequate funds in your wallet. From there, select the cryptocurrency and staking period that align with your investment objectives, and confirm the transaction.

2. Bitfinex

Bitfinex Review

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Bitfinex, a renowned cryptocurrency trading platform, provides its users with a soft staking program. This feature allows you to earn rewards simply by holding supported tokens in your Bitfinex account.

Staking Conditions

Bitfinex supports a diverse range of cryptocurrencies for staking, such as Bitcoin, Ethereum, and Polkadot. The platform calculates staking rewards based on the token type and the total amount you've staked. Additionally, Bitfinex offers a staking calculator, helping you project potential earnings from your staked tokens. The staking periods vary, depending on the type of cryptocurrency, and can last anywhere from a few days to several months. Importantly, Bitfinex distributes staking rewards on a weekly basis, offering a steady income stream.

How to Start Staking

To begin staking on Bitfinex, you must first have a verified account and sufficient funds in your wallet. After this, you can select your desired cryptocurrency and staking period, and then confirm the transaction.

3. OKX

OKX Review

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OKX stands out as a versatile cryptocurrency trading platform offering staking services. Staking allows you to earn rewards by holding specific cryptocurrencies, enhancing your investment potential.

Staking Conditions

OKX provides a range of staking options for different cryptocurrencies, such as BRC20-S and Ethereum. The amount of rewards you can earn from staking varies based on the type of token and the amount you've staked. The staking period is also flexible, ranging from a few days to several months, depending on the chosen token. When it comes to yield distribution, OKX pays out rewards regularly, although the frequency is determined by the token type.

How to Start Staking

Starting your staking venture on OKX requires a verified account and enough tokens in your wallet. Once you fulfill these requirements, select your preferred cryptocurrency and staking period and then confirm the transaction.

Ethereum airdrops

Ethereum airdrops are a way to earn free ETH by participating in an airdrop event organized by a cryptocurrency project or company. To participate in an Ethereum airdrop, you typically need to have an Ethereum wallet and meet specific requirements set by the airdrop organizers, such as following them on social media or joining their Telegram group.

There are many websites and communities that track and list Ethereum airdrops, and participating in an airdrop is usually as simple as providing your Ethereum wallet address and completing any required tasks. Some airdrops may require you to hold a certain amount of ETH in your wallet, while others may be open to all Ethereum wallet holders.

It is essential to be cautious when participating in Ethereum airdrops, as there are many scams and fraudulent airdrops in the cryptocurrency space. Always do your own research and be wary of any airdrops that ask for sensitive personal information or require you to send ETH to a certain address.

Play-to-earn games

Play-to-earn games are a type of video game that allows players to earn cryptocurrency or other forms of digital assets as rewards for playing and achieving certain milestones within the game. These rewards can be earned through in-game activities such as completing quests, winning matches, or leveling up, and can be traded or sold on external marketplaces.

Play-to-earn games are similar to traditional free-to-play games, but they offer players the ability to earn real value through their gameplay. As a result, this can be a more engaging and rewarding experience for players, as they can monetize their skills and progress within the game.

Some popular examples of play-to-earn games include blockchain-based games, such as Axie Infinity and CryptoKitties, and traditional games with integrated cryptocurrency rewards, such as Fortnite and Clash of Clans.

Contribute to the crypto community

Crypto traders and investors all over the world are constantly looking for new crypto-related content, such as articles and blog posts, and many crypto blogs are looking for writers who will write those articles. If you think you have great writing skills, you should consider writing a few articles about Ethereum or other cryptocurrencies for crypto blogs. This is a great way to contribute to the crypto community, plus you can be paid well for your services. Some crypto blogs even pay their writers in cryptocurrencies.

Multiple great crypto blogs are some Ethereum games reward looking for writers to write articles for them, and you could be that writer. Lots of times, these blogs place posts on different job board websites such as ProBlogger, Upwork, Facebook groups, and others where they announce that they are looking for writers to write crypto articles. You can apply for those jobs and probably get them. You can also contact crypto blogs yourself, asking them if they would let you write an article for them. The amount of money you get paid depends on multiple factors, the most important being the blog you write for, the volume of the articles, and your writing experience. You can spend the money you make on buying Ethereum, or you could be paid in Ethereum in certain cases.

Best place to buy Ethereum

1

9.4/10

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Minimum deposit:

$1

Review

The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit). More about Binance Card

Pros/Cons

•low commissions due to liquidity and trading volumes.

•high platform performance;

•proprietary BNB Coin which allows Binance to reduce the commission size;

•a proprietary cold wallet guarantees the security of your crypto assets by storing them.

•complex verification procedure;

•the exchange is not licensed by a regulator;

•The platform can go offline without warning;

•there are complaints about the technical functionality of the platform;

•there is an intricate mechanism for calculating commissions and rewards (grid system Maker/Taker).

Study Review

2

9.2/10

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Minimum deposit:

₮1

Review

The BitGet crypto exchange provides traders with the opportunity to trade in spot, futures, and cryptocurrency. Cryptocurrency is used exclusively as instruments at the exchange: BTC (₿), LTC (Ł) ETH (Ξ), USDT (₮) and others. Trades are carried out on the crypto exchange’s own platform, which is available as a web terminal and an application for mobile devices. BitGet's fees are lower than its competitors in the market, with maker fees of 0.02% and takers of 0.06%. The commission can also be paid with bonus funds that each BitGet client receives upon registration, verification, and a trading account replenishment. There are no fees for maintaining an account, but a commission is charged upon withdrawal, the amount of which depends on the cryptocurrency in which the withdrawal is made. For investors, BitGet offers its own service for copying trades, and it is available at the exchange and at an affiliate program. Novice traders can use demo accounts to hone their trading skills, but there are no educational materials on the website. The BitGet cryptocurrency exchange provides services on an international level and cooperates with traders from different countries.

Pros/Cons

•availability of demo accounts;

•convenient ways to contact the support service;

•a wide range of cryptocurrencies for account replenishment;

•service of copying trades for receiving passive income;

•ability to reduce commissions using credits earned in the bonus program;

•ability to engage in algorithmic trading;

•the exchange uses hot and cold cryptocurrency wallets to store client funds.

•Deposits and withdrawals in fiat currencies are not available.

•There are no educational materials for novice traders on the exchange website.

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