The NO-BS guide to earn free cryptocurrency

[BitcoinYu]

Let's face it. Most airdrops and bounties are a complete waste of time. I've been there and, probably, so have you. Yesterday I was reading upon the positive impact of cryptocurrency when it comes to its potential to generate free income. And yet not many have actually written an in-depth guide that will help you earn $1000-$2000 or even more by simply using some of your free time.

That is, until now! 

Ladies and gents, here is the result of many hours of research and testing. The first, truly no-BS guide to help you earn free crypto. You can read it by following this link: https://paybis.com/blog/earn-free-cryptocurrency/

If you have something to add or improve within the post please let me know. I write these posts to eventually turn them into a complete beginner's guide. Any help will not only help me but potentially many new investors.

Thanks! 

[mk4]

Wish you'd give more emphasis on the risks of doing these methods, like:

• Airdrops and staking: the risks of your coins/tokens dropping further in price
• Lending platforms: the risks of them getting hacked, and or getting your account locked(unlikely but possible)

In the end, I think the article is decent.

Not sure why you call it "earn free cryptocurrency" though(besides probably for SEO and clickbait purposes), it's like saying that having a day job is earning free money. You get what I mean.

[BitcoinYu]

Wish you'd give more emphasis on the risks of doing these methods, like:

• Airdrops: the risks of your coins/tokens dropping further in price
• Lending platforms: the risks of them getting hacked, and or getting your account locked(unlikely but possible)

In the end, I think the article is decent.

Not sure why you call it "earn free cryptocurrency" though(besides probably for SEO and clickbait purposes), it's like saying that having a day job is earning free money. You get what I mean.

Well airdrops, where money is given out, is practically free money. And having their value drop after you receive them is not really a risk (you didn't really invest anything to begin with).

Lending platforms are very new in the space but I did my due diligence and found that, with most, amounts up to $300.000 are fully insured, meaning that even if the platform gets hacked you will get your money back. Of course, you never know which lending platform is legit, which I mention in the article. This is a risk one should be aware of.

[mk4]

Well airdrops, where money is given out, is practically free money. And having their value drop after you receive them is not really a risk (you didn't really invest anything to begin with)

Edited my reply. I meant staking but yea it can apply to airdrops too. Sure it's practically free money even though it's sometimes in exchange for KYC information. But the bigger risk is with staking in my opinion as you'd actually need to buy the coins/tokens to be able to earn from it, which I'd say is far riskier than compared to like lending through BlockFi as the prices can drop dramatically, especially were talking about coins/tokens that could most definitely be worth a lot less in the future.

[bitmover]

• Lending platforms: the risks of them getting hacked, and or getting your account locked(unlikely but possible)

Worse than that: The lending service will probably just ran away with your money. There are few regulations for those exchanges and lending services, unlike banks.
Do you know why we have so many regulations on banks? To prevent them running away with our money.

But if you send your money to a lending platform in a tax haven in a country on the other side of the world... well, there is probably no law protecting you.

Well airdrops, where money is given out, is practically free money. And having their value drop after you receive them is not really a risk (you didn't really invest anything to begin with).

Airdrops are not free. You are wasting your time (which is precious), doing KYC or linking your social media accounts (which is risky and you may become a target for hackers), and you will not receive anything (probably).

Most airdrops out there never pay what they promise (which is small like 1-5 cents), and even those cents cannot be redeemable for bitcoin, because the volume is too small for most exchanges to accept it.

[SFR10]

And yet not many have actually written an in-depth guide that will help you earn $1000-$2000 or even more by simply using some of your free time.

+ your hard-earned money ^[FTFY].

If you have something to add or improve within the post please let me know.

I do agree with mjglqw's post ^{[your title is misleading users for the most part]}.

Not sure why you call it "earn free cryptocurrency" though(besides probably for SEO and clickbait purposes), it's like saying that having a day job is earning free money. You get what I mean.

How to earn free cryptocurrency
~Snipped~
 Cryptocurrency mining
~Snipped~
   1. Invest in mining equipment

Your content contradicts your chosen title ^{[not only on this part]}.

1. Invest in mining equipment. We say invest because, in most cases, you will earn back the money you spent on your miner. A great practice, especially during the time of this writing, is to invest in a second-hand miner from eBay. Many people have found disappointment in their mining efforts due to the downturn of bitcoin’s price. In most cases, you will easily find a bargain.

Based on the huge amount of scammers on eBay, that's actually one of the worst practices for beginners.

2. Set it up on your computer. Connect your miner to the web and run the mining software.

It's much more complicated than that.

[LeGaulois]

Cryptocurrency mining is not given to everyone, considering you need a budget for hardware and then for electricity. In my country, it's inconceivable.

About the lending platforms, yes for some, the funds are insured, up to $100k usually but there is a condition not always promoted (or written in small size)

There is a limit of (let's say) 25 million USD for the whole company. What does it mean? It means if the platform were managing over $25 million, well some lenders will get fucked since not everyone will be able to receive a refund, or everyone won't be eligible for a full refund, partial only.

[rabbitfairferry]

Wish you'd give more emphasis on the risks of doing these methods, like:

• Airdrops and staking: the risks of your coins/tokens dropping further in price
• Lending platforms: the risks of them getting hacked, and or getting your account locked(unlikely but possible)

In the end, I think the article is decent.

Not sure why you call it "earn free cryptocurrency" though(besides probably for SEO and clickbait purposes), it's like saying that having a day job is earning free money. You get what I mean.

And more importantly, normally these Airdrops require u to submit your identity eg. passports. These then get sold on the dark web and your privacy is compromised...

[Lucius]

There is no such thing as "free cryptocurrency" or "free money", no matter how anyone wanted to portray it. If we start from the fact that our time is limited and valuable, we need to ask ourselves how much we are actually willing to spend it on something that may turn on complete waste of time?

 - Cryptocurrency Mining -  (especially if we refer to Bitcoin mining), cannot be considered as relevant to most people. Equipment, location, electricity,
   knowledge required is still too much for most smaller players.

 - Staking your coins - as others point out is also for those who have deep pockets, first you need to invest to get some reward. Also you need to hope that  
   project can survive long enough to pay off, in other words how much it takes to reach your investment in full.

 - Lending platforms&Lending for Margin Trading - I cannot claim that there is no insurance with some of the companies involved in this business, but for
   me personally the risk is too great to trust someone with my crypto, even if 10% or 14% per year sounds a lot better than bank interest. My coins in my
   wallet works for me all time - 1BTC $200 - 2015 to 1BTC $8700 - today, who can beat that?

 - Airdrops&Bounties - I have expressed my opinion on this here.

 - Earn.com - I have never tried this service, but from what i read, opinions are very different, from super satisfied to completely disappointed. Maybe the
   profit depends on where the user comes from, most surveys, offerwalls and similar pay good to Tier 1 users only (USA, UK, CAD...)

[lobat999]

Among the 7 methods on "earning free cryptocurrency" that was listed in that article, I think I have to disagree with all of them except on airdrops!

Because I don't think those methods could be described as ways to earn free crypto when you have to lay out some form of capital first, or exert some kind of effort in order to earn something.

For example, mining alone needs technical know-how and mining equipments and resources in which both of them should be prerequisites first before anyone can obtain some crypto, so in essence the mining method is not free at all so as the other methods mentioned previously on that article. Imho.

[fortunecrypto]

I find your post very interesting although not all of these are new because there have been a lot of post about earning free crypto from other blogger and threads  the one that really interests me is the Earn.com project, I just saw a post like that once but haven't explored it yet, but will do it now.

[acdc]

Without free money, everyone would have to trade for something to earn money. Time, health, intelligence are things to spend if you want to make money.
Out of the 7 methods outlined in the article I don't find any method feasible and free. All 7 methods have to invest and are risky.
It has been a long time since I've done aridrop because most of it is garbage and I spent my valuable time on aridrop. Not to mention the scam aridrop they just try to collect information from the people then resell that information to other scammers.

[pooya87]

Among the 7 methods on "earning free cryptocurrency" that was listed in that article, I think I have to disagree with all of them except on airdrops!

actually nowadays "airdrop" is also like the other methods and it is not "free money" it is a tiny payment for a job you do!
gone are the days when airdrop actually meant all you had to do was to ask for it or sign a message from your bitcoin address containing some balance at a certain block height. nowadays airdrop means "go advertise the token everywhere with a lot of spam, sign up with their website, submit your email/personal information/,.... jump through hoops,etc and get that token that is worth nothing".

[lobat999]

Among the 7 methods on "earning free cryptocurrency" that was listed in that article, I think I have to disagree with all of them except on airdrops!

actually nowadays "airdrop" is also like the other methods and it is not "free money" it is a tiny payment for a job you do!
gone are the days when airdrop actually meant all you had to do was to ask for it or sign a message from your bitcoin address containing some balance at a certain block height. nowadays airdrop means "go advertise the token everywhere with a lot of spam, sign up with their website, submit your email/personal information/,.... jump through hoops,etc and get that token that is worth nothing".

Totally agree! The airdrop procedure now requires some small and mundane tasks to be completed in order to do some kind of promotion for a certain project which I think is not a "pure" airdrop and is way too different if we compared it to the earliest methods of airdrop where the very least anyone will do is to simply submit their wallet address and  wait for that "airdrop" to happen!

Now I think most members of the community will agree with me that today's current "airdrops" are mostly a waste of time and unworthy - which makes it becoming unpopular within the cryptocommunity! Imho.

[passwordnow]

I thought that this is going to be a source from paybis just like what coinbase has but it's a compilation of those popular ways of earning cryptocurrency that we've already know. It's the realistic way but mentioning about lending, it's requiring you to have your own fund/balance for you to lend the exchange for the margin traders and the same goes for staking although a disclaimer has been mentioned but the title might find misleading by the other readers that doesn't read the whole context.

[robelneo]

Let's face it. Most airdrops and bounties are a complete waste of time. I've been there and, probably, so have you. Yesterday I was reading upon the positive impact of cryptocurrency when it comes to its potential to generate free income. And yet not many have actually written an in-depth guide that will help you earn $1000-$2000 or even more by simply using some of your free time.

That is, until now!  

Ladies and gents, here is the result of many hours of research and testing. The first, truly no-BS guide to help you earn free crypto. You can read it by following this link: https://paybis.com/blog/earn-free-cryptocurrency/

If you have something to add or improve within the post please let me know. I write these posts to eventually turn them into a complete beginner's guide. Any help will not only help me but potentially many new investors.

Thanks!  

You can add posting in Cryptotalk, you can make $1.50 in just 3o post here much better than some of the points you've mentioned, hopefully this forum will last long so it can be included by bloggers and article maker like you in their write up and post on the best ways to earn free Bitcoin, and I hope many forums come out with the same format and compensation.

[Mahanton]

I thought that this is going to be a source from paybis just like what coinbase has but it's a compilation of those popular ways of earning cryptocurrency that we've already know. It's the realistic way but mentioning about lending, it's requiring you to have your own fund/balance for you to lend the exchange for the margin traders and the same goes for staking although a disclaimer has been mentioned but the title might find misleading by the other readers that doesn't read the whole context.

Its indeed misleading yet the word "free" doesnt reflect out on whats written on the article- only airdrop is valid one and the rest?
They do require specific amount for you to start up or to involve on.So basically its still a form of investment which isnt applicable for
all specially mining which we know its really an expensive one which majority cant able to afford on.Bounties? and airdrops? These are
almost good as dead nowadays.

[Wexnident]

Its indeed misleading yet the word "free" doesnt reflect out on whats written on the article- only airdrop is valid one and the rest?
They do require specific amount for you to start up or to involve on.So basically its still a form of investment which isnt applicable for
all specially mining which we know its really an expensive one which majority cant able to afford on.Bounties? and airdrops? These are
almost good as dead nowadays.

Well, considering how to earn crypto normally, The process given by the OP could closely be called a type of "free". Besides, we all know there isn't really a 100% free way to earn crypto nowadays, and most likely, those said "free" methods are methods that are either a scam or require you to do something or invest something. In Airdrops/Bounties, you invest time to earn money. In Lending platforms and mining, you invest money, and maybe time as well sometimes. Either way, its either time or money you give out to earn money. It's just the efficiency that's the difference.

[desticy]

Nothing happens for free. In any case, you invest something, be it money or your time, which is much more valuable than money. There are no 100% guarantees anywhere, this must be understood.
If you are promised the golden mountains with a guarantee of return - think about it. Why would anyone write a guide on how to earn $ 1000-2000 $ while revealing the secrets of their strategies for free.
This does not happen.

Your guide, by the way, also does not say anything specific regarding earnings, dead figures which tomorrow may no longer reflect today's reality.

[UserU]

That's a good article.

Another defi is https://dydx.exchange

And another exchange where you can lend coins for interest is Kucoin.

I checked the interest rate, kinda low at 0.2% max. And that's if you have a shitton of BTC or alts to lend in the first place.