Free money is nothing new to real consumers. For instance, as you probably know credit cards have sign-up bonuses, bank accounts earn interest, and there are some great tools to get cash back when you go shopping online.
It’s important to learn that you can get many of those same perks issued in crypto instead of credit card points or U.S. dollars.
Here are three ways that you can earn free crypto.
Exchange sign-up and referral bonuses
It’s important to note the fact that there are some crypto exchanges that are offering sign-up or referral bonuses for using their services.
As Time notes, there was a “previous Coinbase sign-up bonus offered $5 to new users to invest in crypto, for example, and the exchange currently offers a $10 bonus to both you and your referral when they make an account and trade at least $100.”
Especially beginners should be keeping an eye on exchanges that they are considering just to see if they are offering sign-up bonuses or referrals for other friends that could also be interested.
Just in case you didn’t know, Coinbase offers incentives for using the platform’s Learn hub. It’s important to note the fact that in order to get the free change, you’ll need to watch Coinbase’s videos, take quizzes, and then Coinbase will deposit a small amount of crypto into your wallet.
Earning interest on your Bitcoin
Another issue worth noting is the fact that there are some crypto exchanges that are allowing clients to earn interest on your crypto holdings.
For instance, Gemini exchange is a lending program in which you lend your crypto to institutional borrowers and you can earn up to 7.4% APY.
BlockFi has a similar offering which is called BlockFi Interest Account. This accrues interest up to 7.5%.
One last thing to note is the fact that lending your crypto out to these institutions can add even more risk on top of the built-in risk of crypto, so you should pay high attention to these moves.
For more ways to earn free crypto, we suggest that you check out the complete Time article.