However, still, there are many legitimate ways to start in the world of cryptocurrency. Anyone can earn cryptocurrency and even can get free cryptocurrency. All you have to do is employ the right method. Therefore, we have arranged the following popular ways that you can use to get free cryptocurrency.

FEW WAYS TO GET FREE CRYPTOCURRENCY

There are various ways that can be used to get free cryptocurrency. Mining, staking coins, and earning cashback are some of the popular ways that provide a legitimate way of getting free cryptocurrency. Mining is the process of gaining free cryptocurrency while supporting the completion of transactions of cryptocurrency. Meanwhile staking coins means that your coins are serving as the proof of stake that validates a block on the blockchain of cryptocurrency. In this way, you get a percentage of your stake as a reward.

Lastly, cashback is an innovative way of getting free cryptocurrency. The biggest example of this is the cash-back rewards on your credit cards. Earlier people use to get cashback in local currency but now credit card companies are offering cashback in the form of bitcoins or other cryptocurrencies. Let’s check each method in detail and understand.

MINING

Mining cryptocurrencies is a great way of getting free cryptocurrencies. In this method, the person uses his device to support the completion of blocks in the blockchain. These blocks are the bits of data that are required to be completed to ensure the competitiveness of the transaction. Hence, it is like a fee or reward to the person against the provided support for particular transactions.

However, one should remember that the difficulty of mining is increasing as the blockchain code is becoming more difficult and it requires more devices to crack the codes. Furthermore, the return amount of solving the codes and supporting is decreasing. Still, the returns are very high. Therefore, a lot of people are turning toward mining cryptocurrencies. In fact, it is so lucrative that investors are turning toward mining to reap huge profits. They do so by investing heavily in technology to support more and more transactions.

TOP 4 Software for Mining Crypto Coins

• CudoMiner – compatible with Windows, Ubuntu and Mac OS
• HoneyMiner – compatible with Windows, and Mac OS
• MinerGate – compatible with Windows, and Mac OS
• Kryptex Miner – compatible with Windows

Recommend: Using a desktop, or game pc for mining. Laptop proven less profitable & may cause shorten lifespan.

STAKE COINS

In this method, your coins are staked to ensure the validation of the block in the transaction. In simple words, the coins of a person are locked and used as a proof of stake (POS) and in doing so the coins earn the reward according to a certain percentage of the transaction. It is a great way of earning free coins without investing in any cryptocurrency.

However, one should remember that although it is not investing yet one can lose cryptocurrency during staking. The most common reasons for losing cryptocurrency while staking are scamming, hacking and negligence. So, this method should be used with caution and proper evaluation.

TOP 2 Best Place to Stack Your Crypto Coins

• Celsius – return up to 13.30% APY
• Nexo – Return up to 12% APY

Remark: No locking period required, all you have to do just transfer your coins. Withdrawal any time.

CASH BACK

Everyone loves cashback rewards. They are free and can be received without any investment. Cashback is given by credit card companies or other companies whenever a person spends money to buy any product or service. Earlier, these cash backs were offered in the form of local currencies. However, the dawn of cryptocurrencies has paved the new innovative cash backs. Now, various companies including credit card companies are offering cash backs in the form of cryptocurrencies.

It means when you will spend your local currency to get products and services, you will receive cashback in the form of cryptocurrencies. Indeed, it is super cool and innovative. So, all you have to do is look for these companies in your region and start using their financial services. You will not have to put anything extra and you will get free cryptocurrency with the help of your right decision.

Best place to get your cash back card

• Crypto.com – Up to 8% rebate on your spending

BEST WAY TO GET FREE CRYPTOCURRENCY

The best way to earn free cryptocurrency depends upon your particular preferences and circumstances. If you are a computer guy and have a lot of computer power at your disposal then it is better to employ the mining method as it will help you earn a lot of free cryptocurrencies. However, if you love numbers and are the financial guy, then it is better to go for the staking coins options. All you have to do is stake your coins wisely and you will keep getting free cryptocurrencies.

Lastly, if you are a person who needs to do a lot of spending for business and other reasons, then consider the cash back of cryptocurrencies as the best option for you. Hence, it is quite clear that all the methods are very good and the best method will be the one that is best in your circumstances and is the perfect fit for your preferences.

WHERE TO BEGIN

The first few steps are always difficult. However, always remember that the journey always starts with simple steps. So, don’t try to do it all at once and don’t overdo it. Just check the above methods and see if any companies offer free cryptocurrency cashback rewards. If there is one in your area then start with that and store that cryptocurrency in your wallet.

Now you can use this free cryptocurrency for staking coins to earn even more profits. Once, you have done it and earned some good income, try to invest in computing power from your income and start mining. Hence, you will start small and free and will gradually go to other more beneficial ways.

Read: A Beginner’s Step by Step Guide to Cryptocurrency Passive Income

CONCLUSION

In conclusion, cryptocurrency is the future currency of the world. Those who will remain skeptical about the idea of cryptocurrency will be at the losing end of the deal. However, those who will start using it early and will get free cryptocurrency, will be able to fetch more profit with the help of the increasing value of cryptocurrencies. Hence, don’t shy away from it and dive into the world of cryptocurrency. Don’t worry! You will not drown and soon will be able to swim.

What Is Crypto.com?

Crypto.com is an international digital asset service that offers a wide range of items on a beginner-friendly and instinctive mobile app. The digital currency service provider allows consumers to buy, trade, sell, shop, make, loan and pay bills utilizing cryptocurrencies utilizing its products.

Crypto.com features its own ‘exchange’ to allow consumers all over the world to trade a range of digital assets on a protected platform utilizing its own web interface. Through its own native digital token coin (CRO), Crypto.com exchange can supply deep liquidity and competitive trading charges for its users to enjoy.

Earn Interest

Similar to lending and loaning platforms like BlockFi and Nexo, users that save their funds on the Crypto.com wallet can make interest on crypto up to 6.5% p.a. The interest is paid out weekly in the cryptocurrency which can be withdrawn or utilized for trading on the exchange.

MCO VISA Card

Cryptocurrency financiers in Canada, the UK, Singapore, USA and Europe can purchase a Crypto.com VISA debit card to spend (like money) at supported sellers and merchants. The card provides to 8% cashback on purchases using the MCO card.

Is Crypto.com Legit?

Crypto.com seems a legitimate exchange that is secured and controlled. US clients fiat wallet balances (in USD) are covered by FDIC insurance coverage approximately US$ 250,000 which offers a level of assurance funds are safe on the platform. To date, there have actually been no hacks or major theft of funds on Crypto.com or its app.

Is Crypto.com Safe?

Crypto.com features bank-like security measures to protect the website, user data and funds safe. Based upon our research, there have been no hacks or major theft of funds on the Crypto.com App or Exchange. Examples of security procedures in place to make sure the safety of assets include 100% freezer wallet for customer funds and Two Factor Authentication (2FA).

The exchange has a strategic collaboration with Ledger who are a leading hardware wallet provider. The freezer assets are covered by a $100,000,000 Insurance Policy. The exchange is likewise among the very first cryptocurrency companies on the planet to have ISO27001:2013, PCI: DSS 3.2.1, Level 1 compliance and CCSS.

Earn Interest On Crypto

A benefit with using the Crypto.com App is the ability to earn interest on cryptocurrencies. To acquire the benefit, the deposited possessions must be held within the Crypto.com wallet to make as much as 6.5% p.a. on crypto and 12% for stablecoins. The interest quantity is paid weekly in the transferred coin. For instance, Bitcoin deposits will earn interest in BTC weekly.

Staking crypto.com benefits

Staking 50,000 or more CRO tokens unlock an additional 2% p.a. interest on set term agreements. However, the extra interest is paid in CRO tokens, not the possession.

Crypto.com Earn supports an overall of 34 digital properties that include the significant coins such as Bitcoin, Ethereum, Litecoin, XRP and Binance Coin. There are 8 stablecoins that can likewise be deposited to the Crypto.com App to make interest such as USD Coin, Tether and True USD.

Binance is one of the fastest-growing exchanges in the cryptocurrency market. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of the trading volume.

It is important to note that Binance is a crypto-only exchange, and does not cater to fiat deposits.

Why Should I Open A Binance Exchange Account?

Binance is growing at an astounding rate and supports bot trading like 3commas. A well-executed bot can conduct many functions for you like portfolio management, rebalancing, smart order routing, data collection, etc. Which minimum risk of your investment in cryptocurrency.

How To Open Binance Account?

Step 1: Go to Binance’s Website 

Make sure you bookmark the page, as there have been many cases of phishing sites that mirror the actual site. As a precaution, you should also examine the URL and look for the “Secure” Certificate to authenticate that this is the original site. (lock icon)

Step 2: Complete the Sign-Up Process

Click on the “Register” tab in the top right-hand corner of the webpage and enter the personal information.

Verify yourself and click on “Register” to proceed and you’ll receive a confirmation email.

You get a 5% bonus on the trading fees that you paid with referral code: ZUPMOSGU

Step 3: Enable 2-Factor Authentication (2FA)

A pop-up should appear on the screen the first time you log-in, and immediately enable 2FA to increase your security.

YOU’RE DONE!

Start to deposit your cryptocurrency coins into your Binance account.