Connect with us

Altcoins

Top 20 Ways To Earn Free Cryptocurrency

MNabilAli

Published

on

There are several ways to earn free cryptocurrency, although it is important to keep in mind that “free” cryptocurrency is not really free, as it usually requires some sort of effort or time investment on the part of the user. In the list bellow you will find 20 ways that can earn you some free cryptocurrency.

1- Participate in airdrops:

Some cryptocurrency projects will distribute free tokens or coins to their community to increase exposure and adoption. Keep an eye out for these opportunities and make sure you have a wallet that supports the cryptocurrency you are receiving. You can check websites like Coinmarketcap, airdrops.io or DappRadar to learn about the latest free crypto airdrops.

2- Complete online tasks

Some websites and mobile apps offer small amounts of cryptocurrency as a reward for completing tasks or answering online surveys.

3- Join a cryptocurrency faucet

A cryptocurrency faucet is a website that dispenses small amounts of cryptocurrency to visitors. These amounts are usually very small, but they can add up over time. Bitcoin faucet was first introduced by Gavin Andresen in 2010 to promote BTC to a wider audience, it became a precursor to websites where you could exchange BTC for goods and services. You can use some legitimate online faucets like:

FreeBitco.in Faucet

Cointiply Faucet

4- Participate in cryptocurrency giveaways or contests

Some cryptocurrency projects and individuals will hold contests or giveaways where you can earn free cryptocurrency by completing tasks or solving problems.

5- Offer goods or services in exchange for cryptocurrency

You can earn cryptocurrency by offering goods or services in exchange for it. This can be a good way to start using cryptocurrency and get a feel for how it works. Jobs4Bitcoins on Reddit would be a good start.

6- Use Brave browser to earn free BAT tokens

You can earn daily BAT tokens by just viewing ads using Brave Browser. Your earned tokens will arrive on the 5th of the next month. You can also the built-in BAT wallet to send tips in BAT tokens to encourage and support content or creators that you love.

7- Mine cryptocurrency

Cryptocurrency mining is the process of verifying transactions on a blockchain and adding them to the public ledger. Miners are rewarded with a small amount of the cryptocurrency they are mining. To be a crypt miner you would need to invest some money to get some specific hardware that will help you to start mining. You can also use your web browser to earn some cryptocurrency by CPU mining some crypto projects like Nimiq.

8- Join a cryptocurrency referral program

Some cryptocurrency projects offer referral programs where you can earn a percentage of the transaction fees or cryptocurrency earned by the people you refer.

9- Buy and hold AKA HODL

Some cryptocurrencies, such as Bitcoin and Ethereum, have increased in value significantly over the years. If you buy and hold these cryptocurrencies, you may be able to sell them for a good profit later on.

10- Stake cryptocurrency

Some cryptocurrencies, such as ARK, Tezos, Polkadot (DOT) and Cosmos(ATOM) , use a proof-of-stake consensus mechanism, which means that you can earn a reward for holding and staking the cryptocurrency. You can also use digital wallets like Exodus Wallet where you can earn small amount of crypto for staking your coin.

11- Lend cryptocurrency

You can earn a return on your cryptocurrency by lending it out to borrowers through a cryptocurrency lending platform. Just be sure to do your research and only lend to trustworthy borrowers to reduce the risk of default.

12- Participate in cryptocurrency bounties

Some cryptocurrency projects will offer rewards for completing specific tasks or promoting their project. These tasks can range from creating social media posts to finding bugs in their software. You can check Altcoins bounty section at bitcointalk.org to find the latest free bounties.

13- Provide liquidity on a decentralized exchange

Some decentralized exchanges (DEX) allow users to provide liquidity to the platform in exchange for a share of the trading fees.

14 -Sell goods or services on a cryptocurrency marketplace

There are several online marketplaces that allow you to sell goods, services and digital products in exchange for cryptocurrency.

15- Earn interest on your cryptocurrency

Some cryptocurrency exchanges and other online crypto platforms allow you to earn interest on your cryptocurrency by lending it out to borrowers.

16- Participate in staking pools

Staking pools allow you to pool your resources with other users to increase your chances of earning a staking reward.

17- Participate in cryptocurrency lending pools

Lending pools allow you to pool your resources with other users to increase your chances of earning a return on your cryptocurrency.

18- Provide node services or run master nodes

Some cryptocurrency projects allow users to run a node service or master nodes and earn a reward for their contribution to the network.

19- Participate in cryptocurrency online games

Some cryptocurrency projects offer free tokens or coins as a reward for playing online games. Websites like ArkFun.io offers free ARK cryptocurrency every day to the winners of their online games. You can use ARK desktop wallet to play and earn free ARK coins as well.

20- Sell cryptocurrency on a decentralized exchange

Some decentralized exchanges allow you to sell your cryptocurrency directly to other users, rather than going through a centralized exchange.

21- Participate in cryptocurrency trading competitions

Some platforms offer trading competitions where users can earn cryptocurrency by trading virtual assets.

Edit: January 1st,2023: Added Brave Browser, Added Nimiq

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

Altcoins

P2P NFT Trading Platform Faces Breach: Users Urged to Take Immediate Action

MNabilAli

Published

on

By

NFT Trader, a peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the unauthorized transfer of significant NFT assets. The attacker, identified as 0x90…8fda, successfully made off with 37 Bored Ape Yacht Club (BAYC), 13 Mutant Ape Yacht Club (MAYC), 4 World of Women, and 6 VeeFriends NFTs, collectively valued at 1,080 ETH (approximately $2.4 million). Users are strongly advised to promptly revoke any authorization granted to the platform.

Initial reports, shared by Chinese crypto news reporter Colin Wu on social media, indicate that the pilfered NFTs were sent to the address 0x909F2159780e64143CF08f32dBBF56Ed19478fda (link to tweet). An on-chain message from the address holder, claiming the role of a “scavenger,” refutes allegations of hacking the P2P trading platform. Instead, they assert rescuing the NFTs with the intention of returning them.

Further information reveals that the alleged real hacker’s address is 0x3dc115307c7b79e9ff0afe4c1a0796c22e366a47b47ed2d82194bcd59bb4bd46.

NFT Trader has acknowledged the security incident and disclosed that the attack targeted old smart contracts. In response, the platform is advising users to remove delegations via Revoke.cash from the following addresses:

  • 0xc310e760778ecbca4c65b6c559874757a4c4ece0
  • 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af

Despite being relatively unknown among NFT traders, NFT Trader’s website identifies its CEO as John Pak, collaborating with co-founders Mattia Migliore and an individual using the pseudonym “Bruckzr” (link to tweet).

On social media, an NFT collector (@dingalingts) has urged traders to “revoke approval to their contract ASAP” for those who have engaged with NFT Trader previously. The stolen digital assets, which exceed $2 million in value, include 37 BAYC, 13 MAYC, 4 World of Women, and 6 VeeFriends.

Continue Reading

Altcoins

Uphold Exchange Announces Evernode Airdrop for XRP Holders

sying.tien

Published

on

Uphold exchange has revealed its support for the upcoming Evernode Airdrop. The airdrop, exclusively for XRP holders, promises to reward participants with EVRS tokens.

The Evernode Airdrop: What You Need to Know

Scheduled for September 1, 2023, at 6:00 PM AEST (8:00 AM UTC), the Evernode Airdrop snapshot is poised to capture the XRP holdings of participants. This snapshot is a pivotal moment as it forms the basis for determining the proportion of EVRS tokens that qualifying XRP holders will receive. It’s important to note that this snapshot will consider XRP holdings up to a limit of 50,000 XRP tokens, ensuring a level playing field for all participants.

The fairness and equality of the distribution process is a core principle of this airdrop. Uphold is keen on ensuring that participants receive EVRS tokens in a manner that reflects their XRP holdings accurately. This approach not only promotes inclusivity but also reflects Uphold’s dedication to creating value for its user base.

Factors Influencing Airdrop Date and Availability

While the snapshot is scheduled for September 1, the airdrop date itself remains contingent on various external factors. Particularly, the launch of the new Xahau Network holds sway over the timeline. Uphold is steadfast in keeping its users informed about any updates regarding the airdrop’s timeline. Participants should be aware that initial access to EVRS tokens on the Uphold exchange might be limited. Uphold’s stringent listing criteria and liquidity requirements must be met before the tokens become fully tradable.

Qualification and Distribution Process

Participating in the Evernode Airdrop is refreshingly straightforward. To qualify, users need only hold XRP in their Uphold accounts at the time of the snapshot. The distribution of EVRS tokens to eligible participants will occur once the Evernode project finalizes the airdrop date and completes the process. This ensures that participants who met the qualification criteria during the snapshot will receive their rightful share of EVRS tokens.

Exploring Ripple XRP: A Unique Blockchain Perspective

As the Evernode Airdrop garners attention, it’s an opportune moment to delve into Ripple XRP’s distinct blockchain characteristics. Unlike many other cryptocurrencies, XRP is not mined. Instead, all 100 billion XRP tokens were created when the blockchain was established. This approach fosters stability and predictability within the XRP ecosystem.

One of XRP’s primary use cases is its role as a bridge currency for cross-border transactions. Ripple’s network and technology enable seamless and efficient cross-border payments, transcending the limitations of traditional systems. The platform’s speed and low transaction costs position it as a viable alternative to conventional remittance methods.

Additionally, XRP’s consensus mechanism deviates from the energy-intensive proof-of-work (PoW) approach used by Bitcoin. XRP employs the consensus protocol to validate transactions, enabling faster transaction settlement times and energy efficiency.

Continue Reading

Altcoins

Vietnam’s Crypto Crackdown: Authorities Investigate Pi Network

MNabilAli

Published

on

By

Vietnamese authorities have launched an investigation into the activities surrounding the Pi cryptocurrency, citing concerns over its complex and unregulated nature. The Department of Cybersecurity and High-Tech Crime Prevention expressed apprehension regarding the high-income potential and multi-level marketing resemblances associated with cryptocurrency models like Pi.

According to Vietnam Express, the investigation aims to address the risks posed by such ventures and protect investors from potential fraud and data breaches. This article delves into the recent developments surrounding the Pi cryptocurrency in Vietnam and the concerns raised by authorities.

Le Xuan Minh, the head of the Department of Cybersecurity and High-Tech Crime Prevention, highlighted the increasing complexity and unmanaged nature of cryptocurrency models like Pi. He noted instances where individuals have been coerced by cryptocurrency promoters into participating in business models resembling multi-level marketing schemes. Multiple police forces across localities are actively investigating activities related to the Pi cryptocurrency. Authorities caution the public against investing in cryptocurrency models offering abnormally high profit margins or employing multi-level marketing strategies due to the associated risks.

The Pi Network, which emerged in 2019, experienced a surge in popularity in Vietnam during 2021. However, concerns have been raised regarding the lack of transparency exhibited by the cryptocurrency. Experts in the field of blockchain have emphasized the potential for Pi to be misused for fraudulent activities or unauthorized data collection. Despite these concerns, many individuals still hold faith in Pi, often under the assumption that they have nothing to lose by participating. However, they unknowingly expose themselves to the risk of personal data theft.

Cryptocurrencies are not recognized as legal tender in Vietnam. Engaging in activities such as issuing, trading, or using cryptocurrencies for payment can lead to penalties of up to VND100 million (US$4,240). The ongoing investigation into Pi cryptocurrency serves as a reminder that individuals should exercise caution when participating in unregulated crypto ventures.

Continue Reading

Popular