12 Best Ways to Earn Free Crypto Rewards

Free crypto rewards are something just about every crypto enthusiast dreams of - especially with the prices of popular coins like BTC and ETH often feeling out of reach for the average person.

Good news! With programs like airdrops, crypto faucets, and learn-to-earn platforms, you can actually start earning crypto without spending a dime. Big exchanges like Binance, Kraken, and Bybit also run reward programs and giveaways that can give your wallet a nice boost. But how do these work—and are they actually worth your time?

In addition, at the moment of writing, BitDegree is having a Season 7 Airdrop with a $30,000 prize pool. It can be a great opportunity for you to get some free crypto rewards. The main thing that you need to know is that the more Bits (in-game points) you have, the bigger your stake in the prize pool is. You can get Bits by simply completing missions and referring friends.

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Low-Effort Free Crypto Rewards

So, you want to boost your crypto portfolio without breaking a sweat? Smart move! There are actually quite a few ways to snag some free crypto rewards easily.

Learn and Earn Programs

Ever wished you could get paid to learn about crypto? Well, guess what? You can! The "learn-to-earn" model has exploded onto the crypto scene, offering a fantastic way to acquire valuable knowledge and free crypto rewards at the same time. This approach makes learning about this complex world much more accessible and engaging, especially for newcomers.

Essentially, learn-to-earn platforms partner with crypto projects to create educational content. This content can include short courses, quizzes, and even videos explaining the details of a particular cryptocurrency or blockchain technology.

One great example of a learn-to-earn platform is BitDegree Missions, designed to introduce you to or help you interact with various aspects of cryptocurrency or blockchain in general.

The mission consists of multiple rounds, and they range from going through educational content to social actions like inviting friends or sharing the Mission with your peers. So, you don’t have to worry about doing the same task over and over again. Variation is the bread and butter of BitDegree Missions.

As you go through these Missions, you might wonder: “Are these free crypto rewards legit?”. Well, you can rest assured that the airdrops you get from Missions are real. BitDegree is partnering with big names in the industry, like Binance, Kraken, and Bybit, where they present tailored tasks to introduce you to their platforms or specific features they have.

Lastly, the airdrops usually contain rewards like USDC, hardware wallets, or even tickets to an event. However, keep in mind that not every Mission has such an airdrop. Therefore, make sure to proactively follow BitDegree's news or newsletter since it's one of the fastest ways to know about a new Mission.

Competitions and Giveaways

Many crypto exchanges, projects, and even influencers host competitions and giveaway events to boost engagement and spread the word about their offerings. Think of it like a raffle or contest – you participate, and you might just win some free crypto. It's a fun and easy way to potentially grow your portfolio without spending a dime.

These competitions can take various forms. Some might involve trading challenges where you compete against other traders for the highest volume or profit. Others could be social media contests where you share a post, tag friends, or answer a question for a chance to win. And sometimes, it's as simple as signing up for a newsletter or creating an account on a platform. Seriously, sometimes it's that easy.

For example, Bybit has welcome gifts and promotions for new users. You might get free crypto just for signing up and making a deposit, or for completing certain tasks on the platform. These promotions are a great way to start crypto trading or explore a new exchange without risking your own funds.

Crypto Faucets

Crypto faucets are a simple and low-effort way to earn small amounts of cryptocurrency for free. Think of them as digital “dripping taps” that reward you with tiny bits of crypto, often called “satoshis” (the smallest unit of Bitcoin), just for completing easy tasks. These tasks are usually quick and straightforward—like watching ads, clicking links, solving captchas, or answering simple surveys.

The idea behind crypto faucets is to introduce newcomers to cryptocurrency by giving them a small amount to get started. It’s not a get-rich-quick scheme. The rewards are typically quite small. However, it’s a hassle-free way to accumulate crypto over time, especially if you’re just getting started and don’t want to risk your own money.

Popular faucet platforms might offer Bitcoin, Ethereum, or other altcoins. Some even gamify the experience, making it feel a bit more fun than simply clicking buttons. The best part? There’s practically no cost to you—just a few minutes of your time.

While it won’t replace your day job, crypto faucets can be a neat entry point into the crypto space. Plus, those small rewards can grow in value over time if the price of the cryptocurrency increases.

📚 Read More: Best Bitcoin Faucets

Play-to-Earn Games

Play-to-earn (P2E) games are a fun way to earn cryptocurrency while gaming. Instead of just playing for entertainment, you actually get rewarded with crypto or NFTs for your in-game progress, achievements, or trading virtual assets. It’s like turning your gaming hobby into a side hustle.

Some of the most popular P2E games include Axie Infinity, where players collect and battle cute creatures, Gods Unchained, a trading card game with real value, and The Sandbox, a virtual world where users can build, create, and earn. While some games require an initial investment, others let you start earning for free.

While BitDegree Missions is technically a learn-to-earn program, it also has some gamified elements, like Bits. These are special in-game points used in the BitDegree ecosystem.

Completing rounds will give you a certain amount of Bits, and you’ll get a bonus if you finish the whole Mission. But that’s not all! You can also get more Bits by completing daily streaks and inviting your friend to tackle Missions. In the chapter below, you'll understand why these in-game points can be highly important.

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Crypto Airdrops

Crypto airdrops are like surprise giveaways—but with crypto! Projects hand out free tokens to promote their platform or reward early supporters. Usually, you just need to hold a specific coin, follow their social media, or complete simple tasks to qualify.

It’s a pretty effortless way to get free crypto, though sometimes it takes patience to see if those tokens gain value. Airdrops can be a fun bonus, especially if you’re already exploring the crypto space. You can find upcoming airdrops by following crypto news websites or joining project communities on platforms like Twitter and Discord.

📚 Read More: Best Solana Airdrops

Speaking of which, BitDegree has its own unique Airdrop with a big prize pool that everyone on the platform can compete for. Right now, they’re running their 7th season, and the total prize pool is a hefty $30,000 in crypto.

Getting in is simple—you just need to collect at least 10,000 Bits before the season ends. But don’t stop there! Since you’re competing with other players, the more Bits you earn, the bigger your share of the prize pool will be.

Once the season wraps up, BitDegree will convert your Bits into your stake, and you’ll get your free crypto rewards. Keep in mind that your accumulated Bits from the previous season don’t count in the Season 7 Airdrop. You’re not losing them—but you’ll have to collect another 10,000 Bits from scratch to get opted in.

Micro-Tasks

Micro tasks are another super easy way to earn free crypto, and I think they’re worth mentioning alongside things like learn-to-earn programs—like BitDegree Missions. While both can reward you with crypto for your time, micro-tasks are a bit different in how they work.

With learn-to-earn, you’re usually watching short videos or answering quiz questions to boost your knowledge about blockchain or a new token. Micro tasks, on the other hand, are more about helping platforms complete small, simple jobs online.

I’m talking about things like filling out surveys, watching ads, clicking links, testing apps, or even just verifying data. They’re quick, low-effort, and you don’t need any special skills.

The payouts aren’t usually huge, but the work is super simple — perfect if you just want to earn a little extra while chilling on your phone. The best part? You’re not locked into a specific platform or token. You get small amounts of Bitcoin, Ethereum, or other popular coins, which you can stash away or cash out when it adds up. Easy, right?

Work-Based Rewards

Alright, so we've explored some of the easier ways to snag free crypto rewards. Now, let's dive into some methods that require a bit more effort – and sometimes even a small upfront investment.

These aren't exactly "passive" income streams, but they can be significantly more rewarding if you're willing to put in the work. I'm talking about things like crypto mining, lending, yield farming, and even hunting for bugs in blockchain code. Ready to roll up your sleeves and earn some serious crypto? Let's take a look.

Crypto Mining

Crypto mining is probably the most well-known "work-based" method of earning free crypto rewards, though it's not exactly "free" in the purest sense anymore. Think of it like this: you're essentially lending your computer's processing power to a blockchain network to verify transactions and maintain its security. In return for this service, you get rewarded with newly minted cryptocurrency.

Historically, anyone could mine crypto with a decent home computer. However, as blockchain networks have grown, mining has become increasingly competitive. Nowadays, you'll often need specialized hardware called ASICs (Application-Specific Integrated Circuits) to have a chance at profitable mining.

These can be expensive, and you'll also have to factor in electricity costs, which can be substantial. In some cases, you can mine crypto from your phones, but it comes with several limitations.

So, is mining still worth it? It depends. For some cryptocurrencies, especially newer ones, mining can still be profitable, but it requires careful research and planning. You'll need to consider the cost of hardware, electricity consumption, the current difficulty of the mining algorithm, and the potential rewards.

It definitely involves some upfront investment. However, if you're technically inclined and willing to do your homework, mining can be a way to earn crypto rewards. Just remember to do your research before jumping in.

Affiliate Programs

Ever heard of affiliate marketing? It's a popular way to earn passive income, and it works in the crypto world too! Basically, you partner with a crypto exchange, project, or platform and promote their services to your network and community. When someone signs up or makes a purchase through your unique referral link, you earn a commission – often in the form of crypto rewards.

It's a win-win: the platform gains new users, and you earn free crypto. But remember, building a strong and engaged community is absolutely crucial for a successful affiliate program. You can also build a strong crypto community with BitDegree Guilds.

As you explore BitDegree Missions, you might spot some sections for familiar names like Binance or Coinbase. Those are what we call Guilds—basically, dedicated hubs created by top crypto brands and Web3 projects. Each Guild is like a home base where communities can gather, tackle topic-specific Missions, and connect with others.

Every Guild has its own custom content, challenges, and rewards tailored to what its community cares about most. While a lot of them are run by big names, anyone can create one. On your Guild dashboard, you can even create your own BitDegree Missions, helping your community to engage with interesting topics and tasks.

📚 Read More: Using Mission Builder and Guilds

Crypto Lending

Want to make your crypto work for you while you sleep? Crypto lending is another avenue to explore. Think of it like lending money to a friend, but instead of fiat currency, you're lending your crypto holdings. Platforms act as the middleman, connecting borrowers with lenders. You deposit your crypto into a lending pool, and borrowers can take out loans against it.

In return, you earn interest on your lent crypto, which is usually paid back in the same cryptocurrency you lent. It's a way to generate passive income from your digital assets. Now, there are a few things to keep in mind.

Like any form of lending, there are risks involved. The platform you use is crucial. You want to choose a reputable and secure platform to minimize the risk of default. For example, Binance Loans is one of the most popular options in the space. While crypto lending can be a great way to earn free crypto rewards, it's not without risks.

One of the risks involved is counterparty risks, which means the other person might not be able to do their part of the deal. To avoid this, many experts suggest diversifying your lending portfolio^[1] across multiple borrowers and platforms.

Yield Farming

Yield farming is a strategy in decentralized finance (DeFi) where you lend your crypto to DeFi protocols to earn rewards. Think of it as a more sophisticated version of lending. You're not just lending your crypto; you're providing liquidity to decentralized exchanges or other DeFi applications. In return, you earn interest and sometimes even governance tokens of the platform you're using. It's a way to make your crypto work even harder for you.

Now, here's the catch: yield farming can be complex, and it comes with risks. One of those is "impermanent loss", which can occur when the prices of the two assets you're providing liquidity for diverge significantly. You could end up with less value than you initially deposited. Smart contract risks are also a factor. Bugs in the code of a DeFi protocol can lead to the loss of your funds.

And finally, the DeFi space is constantly evolving, so it's essential to stay up-to-date on the latest trends and risks. While yield farming can be a lucrative way to earn free crypto rewards, it's crucial to understand the risks involved and do your research before jumping in. It's definitely not for beginners, and it's always advisable to start small and learn as you go.

Bug Bounties

Bug bounties are the digital equivalent of finding a needle in a haystack, except the "needle" is a security vulnerability, and the "haystack" is a complex piece of software. Many crypto projects offer bug bounties, which are rewards for discovering and reporting security flaws in their code.

Think of it as a way for these projects to crowdsource security testing and ensure their platforms are robust. If you've got the technical skills and a knack for finding vulnerabilities, bug bounties can be a lucrative way to earn free crypto rewards.

It's a challenging but rewarding field. Not only do you get to earn free crypto, but you're also contributing to the security and stability of the crypto ecosystem. It's a way to use your technical expertise for a good while getting paid for it. So, if you're a security whiz looking for a challenge, bug bounties might be right up your alley. Just be prepared to put in the time and effort to hone your skills.

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Crypto Staking

Crypto staking is a way to earn free crypto rewards just by holding certain cryptocurrencies. Think of it like putting your crypto to work for you. Instead of just sitting in your wallet, your coins participate in the operation of a blockchain network.

Many cryptocurrencies use a "proof-of-stake" consensus mechanism, which requires validators to "stake" a certain amount of their crypto to participate in validating transactions and securing the network. When you stake your crypto, you essentially become a mini-validator.

In return for locking up your coins, you earn rewards, which are typically paid out in the same cryptocurrency you're staking. It's a relatively passive way to earn free crypto rewards, especially compared to mining or trading. You're essentially earning interest on your holdings. Platforms often use staking as a strategy to increase adoption and demand^[2].

📚 Read More: Best Staking Crypto Assets

You can stake your crypto on popular exchanges like Kraken or Coinbase. The free crypto rewards you earn depend on several factors, like the cryptocurrency you're staking, the amount you stake, and the duration of the staking period. Some cryptocurrencies have lock-up periods, meaning you can't access your staked coins for a certain amount of time.

So, it's important to research the specific terms and conditions before you start staking. Overall, staking is a great way to earn passive income from your crypto holdings and contribute to blockchain security. It's a win-win situation!

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How to Earn Free Crypto Rewards

You've seen 12 popular ways to earn free crypto, but how do you actually do it? While I can't cover every method in this one article, I can show you how you can get free crypto-learning rewards from BitDegree Missions. Here is an easy-to-follow guide on how to get started:

Step 1: Create an Account

On BitDegree's homepage, click on [Connect to Gain] on the top right corner of the page. There are several options you can choose to create an account on BitDegree, including connecting crypto wallets or continuing with your email address.

Personally, I recommend choosing the former since our main goal is to get free crypto rewards, and you’ll need a wallet for that. You can choose either Metamask or Coinbase Wallet, and confirm the connection request there. So, it’s pretty much like using a DeFi platform.

📚 Read More: How to Get a Crypto Wallet

Step 2: Browse Through Missions

After successfully connecting your crypto wallet to BitDegree, the Missions page will open. This is where you can find a wide range of tasks to do. They are created by some of the most reputable names in the industry, including Binance, Kraken, or Bybit. Look for a topic that interests you the most. Alternatively, you can use the drop-down menu to filter Missions based on the rewards offered. For example, instead of [All Rewards], you can choose [Crypto Currency].

Step 3: Read Through the Mission Details

I know—it’s tempting to dive right into the tasks as soon as you pick a Mission. But trust me, taking a minute to read through the details first can save you a lot of headaches later.

Start by checking the skill level to make sure it’s a good fit for you. Then, scroll down a bit, and you’ll find all the key info on how the Mission works—things like the rules, prize pool, reward eligibility, and any time limits. Understanding these details upfront will help you know exactly what to expect and what you need to do to successfully claim the free crypto learning rewards.

Step 4: Start Tackling the Mission’s Rounds

Most BitDegree Missions are split into several parts, and you’ll need to complete each round in order to unlock the next one. So, start by clicking on Round 1 and work your way through the tasks.

Step 5: Complete More Missions and Accumulate Bits

Winning rewards from a single Mission is great—but there’s more! BitDegree also runs Airdrops where you can score additional prizes. To qualify, you’ll need to accumulate a certain amount of Bits within a set time limit.

Key Tips for Earning Free Crypto

Before you jump into every opportunity that comes your way, it's crucial to be a smart crypto hunter. Not all "free" crypto is created equal, and some offers might even be too good to be true. I want to make sure you're equipped to navigate the world of free crypto rewards safely and effectively. Here are some important things to keep in mind:

• Do your research: Never blindly trust any offer. Take the time to research the project, platform, or individual offering the rewards. Look for reviews, check their website and social media presence, and see what the crypto community is saying. A little due diligence can go a long way in avoiding scams.
• Be wary of unrealistic promises: If an offer promises incredibly high returns with little to no effort, it's a huge red flag. Remember, there's no such thing as truly "free" money. Most legitimate free crypto opportunities will require some form of participation or engagement.
• Understand the terms and conditions: Always read the fine print. What are the requirements for earning the rewards? Are there any lock-up periods or hidden fees? Knowing the details will prevent surprises down the road.

• Protect your private keys: Never share your private keys with anyone, even if they claim to be offering free crypto. Your private keys are the keys to your crypto wallet, and anyone who has them can access your funds.
• Be cautious of phishing scams: Be wary of emails, messages, or websites that try to trick you into revealing your personal information or private keys. Legitimate crypto platforms will never ask for your private keys.
• Start small and learn as you go: Don't put all your eggs in one basket. Start with small amounts of crypto or participate in low-risk opportunities to get a feel for how things work. As you gain experience, you can explore more complex methods.
• Diversify your approach: Don't rely on just one method of earning free crypto. Explore different options like staking, faucets, learn-to-earn programs, and competitions to maximize your rewards.

By keeping these points in mind, you can increase your chances of finding legitimate free crypto rewards and avoid falling victim to scams.

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Conclusions

So, there you have it – a rundown of some of the most common ways to get free crypto rewards. I've covered everything from “low-effort” opportunities like learn-to-earn programs and airdrops to more involved methods like mining, lending, and yield farming. In addition, don't forget about BitDegree's Season 7 Airdrop, especially since the prize pool is $30,000.

Earning free crypto isn't always "free" – it often requires time, effort, or even a small initial investment. But with careful research and a strategic approach, you can definitely boost your crypto holdings. Now, you're armed with the knowledge to navigate the world of free crypto rewards. Remember, informed decisions are key. Explore the various methods, stay vigilant, and happy earning!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Mikhaylov A.: 'Understanding the Risks Associated With Wallets, Depository Services, Trading, Lending, and Borrowing in the Crypto Space';

2. Cong L. W., He Z., Tang K.: 'The Tokenomics of Staking'.