Earning free crypto to drive profit in crypto wallets can be successful in eight different ways in 2022
With the inflation rate rapidly increasing all around the world as a consequence of the Covid-19 pandemic, professional traders believe that it’s more important than ever to own some form of a digital asset.
Not to mention that there are also a growing number of global industries integrating cryptocurrencies into their operations, and it’s affecting the value of the crypto market in a huge way.
However, even though cryptocurrencies have proven to be much better investments than traditional ventures such as stocks and gold, purchasing them has become a lot more expensive.
This is why many people that aren’t operating on a huge budget are constantly searching for ways to earn free crypto.
And guess what – it’s possible.
In this article, we will go over the best 8 ways to earn free crypto instantly in 2022 and explain precisely how each of these methods works.
8 Ways to Earn Free Crypto Instantly 2022 – Detailed Review
Now that you’re familiar with some of the best ways to earn free crypto instantly, let’s get into the nitty-gritty details and explain each method thoroughly.
Take Part in the Lucky Block Crypto Game
In the last couple of months, playing crypto games has undoubtedly become the best and easiest way for users to acquire free cryptocurrencies.
Crypto games operate similarly to traditional video games, but they are hosted on different blockchain networks instead of consoles.
Nowadays, the most popular are the Play-to-Earn (P2E) games in which players can earn cryptos for skilled gaming and completing specific tasks.
So what’s the best crypto game to earn free tokens? That’s easy – Lucky Block.
Lucky Block is one of the hottest new cryptocurrencies, it was launched at the beginning of 2022 and it operates on the Binance Smart Chain (BSC).
The main goal of Lucky Block is to revolutionize the whole online gambling industry and provide fair and transparent conditions to all the players participating in the game.
One of the main ways users can earn free cryptos on Lucky Block is through the daily draws.
These draws take place each day and the winners receive jackpots equal to 2% of the main draw pool amount. Currently, this pool is worth around $2.2 million, while the price depends on the ticket volume projection and the overall user base. To stay updated on the amount, you can use this website.
Additionally, owners of LBLOCK (Lucky Block’s native token) can earn a passive income even if they don’t participate in the draw. This is possible since Lucky Block pays holders a token distribution, which is around 10% of each jackpot.
With a 12,000% increase in value since the release, Lucky Block isn’t only the best way to earn free crypto – it’s also the best crypto investment in 2022 due to its high potential to keep growing.
>>>Find the Best Crypto Game – Earn Free Crypto Now<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Start Crypto Staking
Crypto staking is the second-best option when it comes to acquiring free crypto, but it can also be a continual source of income if you do it right.
Staking is essentially the process of locking up your cryptos in order to validate new blocks on specific blockchains. This can only be done on PoS (Proof-of-Stake) blockchains since PoW (Proof-of-Work) blockchains like Bitcoin don’t include the feature.
Because you are helping with the validation process, you can stake your existing tokens to earn free cryptos as a reward. These rewards often vary, while the most speculative coins can bring in the highest profits.
Most of the larger crypto exchanges offer stakes to users, with eToro currently leading the pack when it comes to rewards and the overall fee system.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Stay Updated on Airdrops
Airdrops have become one of the hottest new trends in the industry, and if you stay updated on when they take place, you can earn some great free crypto prizes.
A crypto airdrop is essentially the distribution of free cryptocurrencies to the people who have been supporting a specific project from the beginning.
This is a great marketing stunt since it builds hype around an upcoming launch and it helps create a larger community around a token.
In fact, most of the popular DeFi coins nowadays have created their communities with the help of airdrops before their currencies were officially launched.
Each platform has different criteria you have to meet to be eligible for the airdrop, but in most cases, it revolves around promoting the token on social media and other platforms. This can include posting tweets, sharing posts on Instagram and Facebook, speaking out in Discord groups, and signing up for different newsletters.
All you need to receive an airdrop is a crypto wallet in which you will store it.
However, you should keep in mind that even though airdrops can provide you with free crypto, in most cases, the mainstream appeal tends to fail and the tokens end up having almost no value. So, you’ll need a bit of luck to capture the profitable airdrops.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Go Through Educational Courses
Completing educational resources is another option you have at your disposal to earn free crypto.
This is commonly known as ‘Learn and Earn’ and while it may sound like some sort of scam, many of the most popular crypto exchanges in the community offer it.
The process goes like this – you participate in a specific educational course, watch videos, complete certain assignments, and as a reward you get free cryptos on completion.
Coinbase is one of the platforms that offer the best educational courses and it’s what draws many beginner investors to the exchange.
The feature is called ‘Coinbase Earn’ and users can receive free cryptos simply for watching educational videos and going through a few interesting quizzes.
You can acquire different coins depending on the tasks you complete (Coinbase offers around 20 tokens).
With that said, you shouldn’t expect to receive some major currencies as rewards, it’s typically crypto that’s worth a few dollars.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Crypto Credit Card Rewards
This method allows you to earn crypto even when you’re on the move, and all you need is a valid credit card to get started.
A crypto credit card works similarly to traditional credit cards, except you get cash-back rewards in cryptocurrencies instead of fiat.
Considering the current popularity of cryptocurrencies, there are a bunch of different platforms that offer crypto credit cards to users.
For instance, eToro provides committed credit card services that traders can use to pay for goods in cryptocurrencies.
One of the main benefits is that the merchant you are buying from doesn’t even have to accept crypto purchases – the platform handles all the work regarding the exchange process.
In other words, you pay for goods and services in cryptocurrencies, while the merchant receives the payment in fiat money.
The more you spend with your crypto credit card, the higher the cash-back rewards.
Using crypto credit cards is one of the rare methods that allow you to receive free BTC and ETH prices.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Complete Crypto Faucet Assignments
Crypto faucets represent apps and websites that reward users with cryptocurrencies for completing different tasks and assignments.
These tasks are typically extremely easy and quick to complete, and you don’t need any special skill sets. While the tasks are often pretty monotonous, it’s a great way to earn extra money if you do it for longer periods.
Some of the assignments you might run into include watching digital ads and videos, completing CAPTCHA tasks, taking part in tests, and much more.
Depending on which crypto faucet you are using, the crypto amount you earn will vary.
Usually, the amounts are pretty small, hence the name ‘faucet’ – the small rewards are similar to small drops of water dripping out of a faucet.
Also, you should keep in mind that there are a lot of platforms that require reaching a specific account balance in order to withdraw your crypto rewards.
Sometimes, there are even time limits that you have to keep track of.
Remember to always do a sufficient amount of research on the crypto faucet you want to participate in, this way you will avoid joining any shady platforms.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Engage in DeFi Lending
DeFi (Decentralized Finance) is an ecosystem that consists of financial apps that were created using blockchain network technology.
Since these apps have a decentralized nature, they don’t rely on any centralized parties when it comes to performing transactions.
Nowadays, there are lots of platforms that offer cryptocurrency loans without going through intermediaries (aka ‘trustless principal’). They allow users to offer crypto tokens for lending purposes – DeFi lending.
People who borrow cryptos can acquire them directly through the decentralized platforms, often referred to as P2P lending platforms.
If you choose to lend your crypto to other users, you earn interest, and the rates are typically a lot higher compared to banking interest systems.
In summary, you can purchase a cryptocurrency that has a high potential to increase in value and then lend it to others through a DeFi protocol. If the value increases, you get more money and create a constant yield at the same time.
The yields are different depending on the crypto and protocol you incorporate, in some cases, they can be more than 10% a year.
One of the main benefits of DeFi lending is that the arrangements are collateralized. In other words, the person who borrows the crypto has to put up collateral (also in the form of crypto) that has a higher value than the loan itself.
Because everything goes through blockchain smart contracts, there is practically no way to scam the other person and cheat the system.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Provide Help with Crypto Mining
Crypto mining is essentially the counterpart of crypto staking.
While crypto staking represents aiding block validation on the PoS (Proof-of-Stake) network, mining is the process that takes place on the PoW (Proof-of-Work) network. Without crypto mining, no one would practically be able to purchase Bitcoin or similar altcoins.
To put it simply, mining is the process of building new cryptocurrencies and verifying the transactions that take place on the network.
In order to participate in crypto mining, users need a powerful computing system and receive rewards for their computational effort.
The rewards you receive are typically in the form of the native currency. For instance, mining on the Ethereum network will bring you ETH rewards.
However, as PoW networks become more powerful, it directly affects the computing requirements needed for crypto mining.
This means that mining some of the popular currencies such as BTC is extremely difficult nowadays, and it’s something that mostly big companies with huge equipment banks do.
Additionally, to win a free crypto reward, you need to be the first one who solves the mathematical problem needed to validate a certain network transaction.
You don’t need any mathematical knowledge since computer power is often the main indicator that determines the winner of the crypto.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
8 Ways to Earn Free Crypto Instantly 2022 – The Verdict
As you can see, finding ways to earn free crypto instantly in 2022 isn’t that hard, you just have to search for the method that suits you best.
With cryptocurrencies rapidly increasing in value, holding onto the tokens that you acquire can be a lucrative source of income in the long run.
If you are wondering what the best way to earn free crypto is, we strongly suggest you consider playing the Lucky Block game – it currently has the highest potential to skyrocket in 2022 and bring huge profits to investors.
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