Crypto Apps That Give Free Money for Beginners

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Best Crypto App That Give Free Money for Beginners - Bybit

Your capital is at risk.

Top Crypto Apps That Give Free Money for Beginners:

  • 1

    Bybit - free cryptocurrencies just for signing up

  • 2

    Binance - gives new users a sign-up bonus of up to $100 in Bitcoin

  • 3

    Huobi Global - offers a sign-up bonus of $170 in the form of free cryptocurrencies

  • 4

    Coinbase - offers $5 sign-up bonus

  • 5

    Currency.com - offers a sign-up bonus of $50

The cost of signing up for a new crypto exchange is no secret. Despite this, many offer free cryptocurrencies or sign-up bonuses to attract new customers. In addition, the best exchanges run regular promotions to give their existing customers more reasons to trade on their platform.

When opening a new account on a well-known exchange, new crypto traders would love to get free crypto just for signing up. Also, these freebies can help when they are trying to get enough money to start trading. TU experts have compiled a list of five crypto exchanges that offer free crypto for signing up to make searching easier.

Start investing in crypto now with ByBit!
Your capital is at risk.

What is a crypto sign-up bonus?

The crypto sign-up bonus is a way for an exchange to entice new users to open accounts on its trading platform. New users can take advantage of the rewards that the exchanges offer to gain a higher amount of cryptocurrencies in their wallets without having to spend any money of their own.

Before signing up with a new exchange, it is essential to check out all the terms and conditions and the current sign-up bonus promotions that the exchange is offering its users. This will ensure that you are not making any unnecessary mistakes and that you get the most out of your new account with the exchange.

Which exchanges give free cryptocurrency for beginners?

Many reputable cryptocurrency exchanges give traders free cryptocurrencies just for signing up. Here are a few examples:

Bybit

Open an account
Your capital is at risk.

Bybit is one of the many reputable cryptocurrency exchanges that give traders free cryptocurrencies just for signing up. By using a referral link, you can receive $20 and $500 worth of bonuses for hitting certain trading milestones. You can also create a referral link to receive the same bonuses as your referees. For example, if someone you refer opens an account, you'll receive $20. If they hit certain trading milestones, you'll receive $500 worth of bonuses. This makes Bybit a great choice for those looking to get the most out of their sign-up bonus.

Binance

Open an account
Your capital is at risk.

Binance is one of the most popular places to buy and sell cryptocurrencies, and it gives new users a sign-up bonus of up to $100 in Bitcoin when they use a referral link. To receive the sign-up bonus, new users need to create an account with Binance and complete a few simple tasks. Once the account is created, users can start trading cryptocurrencies in a safe and secure environment. Binance also has a referral program in which users can get up to 40% of the trading fees paid by people they invite.

Currency.com

Currency.com is an online exchange that offers a sign-up bonus of $50 for those who create an account and complete a few simple tasks. To receive the sign-up bonus, new users need to register on the site, deposit at least $20, and make one leveraged trade. Once these requirements are met, the bonus will be credited to the user's account.

Huobi Global

Open an account
Your capital is at risk.

Huobi Global offers a sign-up bonus of $170 in the form of free cryptocurrencies to its new users. To receive the sign-up bonus, new users need to create an account with Huobi Global and complete a few simple tasks. Once the account is created, users can start trading cryptocurrencies in a safe and secure environment.

Coinbase

Open an account
Your capital is at risk.

Coinbase is one of the most reputable cryptocurrency exchanges and it offers a free sign-up bonus for new traders. By registering on Coinbase and placing a trade or uploading a photo of your ID, you can claim a $5 sign-up bonus.

Coinbase Sign-Up Bonus and Promo You Should Know

What is the biggest free crypto bonus?

We consider Currency.com the biggest free crypto bonus because it offers a sign-up bonus of $50 for new users who deposit $20 and place a trade. The site also has low trading fees, great features, a wide range of assets, and an easy way to sign up. For these reasons, Currency.com is the best choice for those looking to get the most out of their sign-up bonus.

How can I get free crypto?

Here is a step-by-step guide to getting the biggest free crypto bonus from Currency.com.

Step 1: On Currency.com, click the "Sign Up" button at the top right of the screen.

Currency.com

Currency.com

Step 2: Enter your email address and set up a password for your user account.

Currency.com Sign Up

Currency.com Sign Up

Step 3: Select your country of residence.

Selecting the country of residence

Selecting the country of residence

Step 4: Input your name, phone number, and house address.

Inputting your personal information

Inputting your personal information

Inputting your personal information

Inputting your personal information

Inputting your personal information

Inputting your personal information

Step 5: Make a deposit of $20 to get rewarded with a $50 sign-up bonus.

Making a deposit

Making a deposit

Step 6: Verify your account.

Verify your account

Verify your account

How to Get Free Bitcoins - 8 Best Options

Alternative Ways to Get Crypto Money for Free

While purchasing crypto outright is one way to accumulate, there are several alternative methods to earn crypto without spending any money. Let's dive deeper into these avenues:

Catch Promotions

Crypto platforms often run promotions to attract new users. You can take advantage of these promotions, which might include signing up for a newsletter, downloading an app, or even just creating an account on a particular platform. Stay vigilant and grab such opportunities as they present themselves.

Perform Micro Tasks

Numerous platforms offer small rewards in crypto for performing simple tasks, such as watching videos, taking surveys, or testing a new app feature. It's a straightforward way to accumulate small amounts of crypto over time.

Stake Your Crypto

If you already hold some crypto, consider staking it. Staking involves locking up your crypto to help maintain a blockchain network. In return, you earn rewards in the form of additional crypto tokens. It’s a passive way to grow your crypto holdings.

Referral Programs

Many crypto platforms have referral programs where you earn a commission in crypto for bringing in new users. Share your referral link with friends, family, and on your social media platforms to earn rewards.

Crypto Lending

Lending your crypto assets to others can earn you interest over time. It's a method where you can grow your holdings passively, while helping others to get the funds they need. The interest rates can be significantly higher than traditional savings accounts.

Yield Farming

Yield farming entails using your crypto assets to provide liquidity to a decentralized finance service. It is a bit complex and involves substantial risk but can potentially offer high rewards. You'll earn fees and rewards paid in crypto.

Crypto Savings Account

Opting for a crypto savings account allows you to earn interest on your crypto holdings. Just deposit your crypto in a savings account on a crypto platform and earn interest over time. It’s an easy and somewhat safe method to grow your assets passively.

What Are the Risks in Crypto Apps That Give Free Money and How to Avoid Them

There are many ways to earn free crypto money through apps in the US today. However, this potential windfall comes with its share of risks. Here’s a breakdown of the potential dangers and how to steer clear of them.

Regulatory Risks

The world of crypto remains in a somewhat grey area when it comes to regulations. Different governments are aiming to categorize them either as securities, currencies, or both. Stay safe by thoroughly researching the regulatory stance of the specific cryptocurrency you are eyeing. Ensure you adhere to all applicable laws and norms to keep risks at bay.

Security Risks

Given its nascent stage and unregulated environment, the crypto sphere is a hotspot for scammers eager to take advantage of newcomers. Maintain a strict rule to only engage with crypto exchange apps that boast solid security measures. Steer clear of platforms that couple investment advice with other unrelated services.

Data Collection Risks

Crypto apps often indulge in collecting user data for marketing or other agendas. Protect yourself from unwanted spam and potential risks by diligently reading through the app’s privacy policy and terms of service before deciding to use it.

Counterparty Risks

Exchanges or other custodians usually handle the storage of cryptocurrency for a plethora of merchants and investors, and relying on them puts you at risk of theft or loss through these third parties. Shield yourself by researching the security protocols and reputation of your chosen exchange or custodian. A secure hardware wallet for storing your cryptocurrency could be a safer alternative.

Scam Risks

Beware of investment propositions promising sky-high returns with negligible risk, typically sprouting from social media platforms. Maintain a healthy scepticism towards any opportunity boasting guaranteed returns or massive payouts. Remember, if it sounds too good to be true, it probably is.

FAQ

Are there any bonuses you can get in the U.S. without going through KYC?

No, Know Your Customer (also known as KYC) is a method of verifying your identity that aids in the prevention of criminal financing and fraud on cryptocurrency exchanges. Clients must complete a KYC process before opening an account at any cryptocurrency exchange in the United States. This is for your own safety and protection as well as for other users with whom you will trade. The specific process varies by platform, but the requirement to register yourself with KYC is to upload a photograph of the front and back of a government-issued ID card with your picture on it.

Which crypto apps give a sign-up bonus?

Coinbase, Currency.com, and Binance, three of the most popular crypto apps, offer up to $100 signup bonuses.

Can you get cryptocurrency for free?

Yes, you can get cryptocurrency for free by participating in bonus programs. For example, a lot of exchanges offer bonuses for signing up, verifying your account, and making a deposit. You can also earn bonuses by referring friends to the exchange. Some exchanges also offer airdrops to their customers. Airdrops are giveaways of free cryptocurrency tokens to holders of the exchange's native currency.

Can I receive more free tokens if I deposit more money into my trading account?

Yes, you can receive more free tokens when you make a larger deposit into your trading account. Most companies that offer free tokens will usually provide the same amount for each deposit you make. If you deposit a large amount into your account, you will also get a higher sign-up bonus. So, bigger really is better in this case!

Team that worked on the article

Ivan Andriyenko
Author at Traders Union

Ivan Andriyenko is a financial expert and analyst. He specializes in trading in the Forex, stock and cryptocurrency markets. His preferred trading style is conservative strategies with low or medium risk, medium and long-term investments. He has 7 years of experience in the financial markets. Ivan is involved in preparation of articles for novice traders, and also of the reviews and evaluation of brokers, analyzing their reliability, trading conditions and peculiarities.

Ivan continuously tests new strategies for various assets, choosing the most effective options. In addition, he believes that helping novice traders is an important aspect of work. He shares information that beginners require – educational materials, strategies.

Ivan’s motto: continuous studying and experimentation lead to success.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.