Cryptocurrency is becoming more important in finance, and many are willing to make a start in it. Some people are eager to spend cash to buy the once elusive digital coins, while other people explore free opportunities.
Whether you are new to crypto or have been thrilled for some time, these tasks give you a low-risk way of becoming a crypto holder.
What are easy and effective ways to earn free cryptocurrency online, and how do you do such tasks without exposing yourself to too many risks? The answers to these questions are in this guide.
Simple Tasks For Earning Free Cryptocurrency
Simple tasks, also known as “microtasks,” are short online tasks one can do for money paid in cryptocurrency. Such tasks are straightforward and accompanied by little or no complexity.
They may comprise watching instructional videos, reviewing unfamiliar software, and general internet use. The perfect quality of these kinds of activities is that you can start without any financial requirements.
You only need a computer or a smartphone and an internet connection. These activities can be done from anywhere in the globe, as the work is done online.
Sites that Pay You in Cryptocurrency for Completing Tasks
Various sites offer cryptocurrency as a reward for performing a task on their platform. However, due to scam risks, it’s important to choose reputable websites.
Here are some of the most reputable platforms for earning free cryptocurrency that have gained widespread acceptance.
Brave Browser
Brave is a web browser that has built-in ad-blockers and ad-tracking devices. At the same time, users can opt-in to view ads, and on such occasions, users are paid for their attention via the Basic Attention Token.
For every ad you watch, your BAT balance increases, and you earn the opportunity to redeem that BAT sometime in the future. This BAT can then be exchanged for other coins.
Coinbase Earn
Coinbase Earn allows you to complete simple tasks and earn cryptocurrencies in exchange for each task, depending on the completion status of each task. After each video, you can answer quiz questions designed to gauge your understanding of the material.
If you answer correctly, you will receive Litecoin or other mentioned coins in exchange for your answers, but you can only convert your coins after a certain time.
Airdrops
Another method of gaining free coins is through crypto airdrops. Newer crypto projects use airdropping mechanisms as a marketing strategy to raise their profile and expand their audiences. To qualify, you would need to perform activities such as liking the page, joining their groups, or sharing the posts.
Types of Tasks to Earn Free Crypto
If you are beginning to ask yourself what specific steps you need to take to commence earning free cryptocurrency, then check the following steps.
Testing Apps
There are various projects where creators actively look for feedback on their newly created apps and platforms. You can become a tester by using such apps and leaving comments. Then, you get rewarded in cryptocurrency for your efforts.
Referral Programs
Referral programs are common on several platforms, where you direct people to a site and earn some crypto. For every referral to the platform who undertakes a task after signing up using your referral link, you are paid a reward.
Pros and Cons of Earning Free Crypto
Before starting these tasks, it is important to understand the gains and risks of seeking free crypto earnings.
Pros
No Financial Risk: When getting started, you do not need to initially invest funds to start receiving crypto, which is ideal for people who do not like regular investing.
Learn and Earn: Several platforms pay you to learn about their projects, which is an ideal way to build crypto knowledge while accumulating tokens.
Accessible to Everyone: Anyone worldwide, regardless of geographical location, can take part so long they have a computer or smartphone connected to the internet.
Beginner-Friendly: These activities are pretty elementary and do not require advanced knowledge of cryptocurrency.
Cons
Small Rewards: The reward for these tasks is often small, so you cannot expect to get rich. However, the consistency in the earnings can yield good returns.
Time-Consuming: Watching videos or answering questions can take some time, and the meager reward may not be worth the time expended.
Risk of Scams: It cannot be emphasized enough that not all sites promising free crypto are legit.
Conclusion
Completing simple online tasks is a great and risk-averse method of earning free digital currencies. The amount is minimal, but it could rise over time if you use more than one platform.
Nevertheless, stick to trusted sites, keep your coins safe in wallets, and use common sense to avoid scams.
