Ethereum is a popular virtual currency that has gained tremendous popularity over the past few years for introducing the smart contract capability. So, unsurprisingly, people are looking for ways to get their hands on some Ethereum for free. Fortunately, we will discuss several methods to earn Ethereum for free in this article.
Faucets
Faucets are websites that give away small amounts of Ethereum for free. They require you to solve a captcha or perform another task to receive your Ethereum. You can find many faucet websites online and earn Ethereum easily and with fun. However, before claiming from any faucet, ensure the website is legitimate and not a scam.
Example:
With FreeEthereum.com, Ethereum enthusiasts can use a reliable platform to get their hands on some tokenized ETH without investing money. Launched in July 2020, the Ethereum faucet offers various tasks, such as clicking links and completing quizzes, allowing users to quickly gain small amounts of ETH BEP-20 (the token from the Binance Smart Chain). The faucet’s settings were configured conveniently with a timer set at one hour, a minimal withdrawal of 0.002 ETH, and no withdrawal fees – making it an excellent choice for those who want to collect free cryptocurrencies at their own pace. FreeEthereum.com is a superb option for everyone interested in ordering some quick ETH.
Airdrops
Airdrops are another way to get free Ethereum tokens. Projects conducting airdrops have just launched their Initial Coin Offering (ICO), giving away tokens or coins to people registering for their ICO. Participating in these airdrops allows you to get free Ethereum without any investment.
Example:
The popular Ethereum-based blockchain project Polygon (formerly Matic Network) conducted an airdrop of 50,000 MATIC tokens. All users had to do was sign up with their email address and follow the instructions on the website to receive their free tokens.
Online Games
You can also earn Ethereum by playing online games. Many game platforms offer rewards in Ethereum tokens for completing tasks or winning competitions. These games provide a fun and easy way to get free Ethereum without any investment.
Example:
Ether Kingdoms is a popular crypto-based RPG where players can fight monsters, level up, and earn tokens. In addition, the game has an in-built reward system where players can receive Ethereum rewards for completing tasks.
Freelancing
If you have some skills or knowledge that are useful to others, you can use them to get rewarded in Ethereum. For example, there are freelance websites such as Upwork and Freelancer where people post projects that require specific skills. You can bid on these projects and earn Ethereum in return.
Example:
If you are a web developer or a designer, you can search for relevant projects on Upwork and bid on them. Once accepted, the project manager rewards you in Ethereum tokens for completing the project.
Cryptocurrency Trading
Trading cryptocurrencies is another way to get free Ethereum. Although trading cryptocurrency requires some knowledge and experience, it can be a great way to make money without investment. By trading wisely and carefully, you can accumulate enough Ethereum over time that will be yours for free.
Example:
Binance is among the most popular crypto exchanges, offering users various trading options. With Binance, you can trade Ethereum (ETH) and other cryptocurrencies for gains. By carefully studying the market and taking calculated risks, you can make some profits from trading ETH tokens without any investments.
Microtasks
Microtasks are small tasks you can complete for a small amount of money. These tasks often require little effort and can be done quickly, allowing you to make some free Ethereum.
Example:
Microworkers offers a variety of microtasks that require no investment and pay in Ethereum. These tasks often involve data entry, image tagging, or simple surveys. You can earn small amounts of ETH tokens without any investments by completing these tasks.
Referrals
Referrals are another way to get free Ethereum without any effort. Many services and companies offer a referral program, where you can earn commissions or rewards when someone signs up through your link. For example, many exchanges offer a referral program that rewards you with a certain amount of Ethereum each time someone registers using your link.
Example:
Coinbase is one of the most popular cryptocurrency exchanges, offering users various services. They also offer a referral program, where you can get rewarded in Ethereum for each new user that joins the platform through your link.
Bots
Bots are automated scripts that can help you earn free Ethereum. These bots are programmed to search for profitable trades and execute them automatically, earning profits on your behalf. Some bots even allow you to customize settings so that they can make the most profitable trades possible, allowing you to get as much free Ethereum as possible.
Example:
3Commas is a popular trading bot that allows users to automate their trades on multiple exchanges. You can customize your settings and let the bot do its job, earning you free Ethereum. 3Commas is easy to use and requires no investment, making it an excellent way to get extra ETH without any effort.
Staking
Staking is another way to get free Ethereum. Users can delegate their Ethereum tokens to a validator to support the network. Then, as a reward for supporting the network, users receive tips in Ethereum. This method of earning Ethereum does require some investment but is a great way to passively earn rewards for supporting the Ethereum blockchain.
Example:
Huobi is one of the most popular staking platforms for Ethereum. They offer users a variety of ways to earn rewards by staking their ETH tokens. By delegating your tokens to Huobi, you can receive ETH rewards without additional investments or effort.
Lend your Ethereum
If you want to get free Ethereum without doing any work, another option is to lend your Ethereum. You can earn a passive income by lending your Ethereum and collecting monthly interest payments.
Example:
Nexo is a popular platform that allows users to lend their crypto in exchange for interest payments. For example, you can lend your Ethereum tokens at competitive rates, allowing you to get free Ethereum without any effort or additional investments.
Accept payments in Ethereum.
If you are running a business or selling goods and services, you can accept payments in Ethereum. By accepting Ethereum payments, you can get free Ethereum without any effort. This option is perfect if you run an online store that sells digital goods such as software or music.
Example:
Coinbase Commerce is a popular platform that allows users to accept payments in Ethereum. By setting up Coinbase Commerce, you can start accepting ETH payments for your products or services and get free Ethereum each time someone pays with ETH.
Participate in bounty programs.
Bounty programs are another great way to get free Ethereum without any investment. However, these programs usually require you to complete specific tasks, such as social media marketing or bug testing, and then reward you with a predetermined amount of crypto.
Example:
Gitcoin is a popular platform that allows users to participate in bounty programs. Completing tasks on the platform can earn free Ethereum as a reward for your efforts. In addition, you also have the opportunity to participate in hackathons and get rewarded with ETH for your work.
Liquidity pools
Another way to get free Ethereum is by participating in liquidity pools. These pools allow you to deposit cryptocurrency into a shared pool and earn rewards for providing liquidity. By depositing your Ethereum into a liquidity pool, you can earn passive income through interest payments and trading fees.
Example:
Uniswap is a popular liquidity pool platform allowing users to deposit Ethereum tokens and earn rewards through trading fees. By depositing your ETH into a Uniswap pool, you can earn passive income each time someone trades with your liquidity.
Be careful of scams
Be aware that there are many scams out there that promise to give away free Ethereum. Before you use any service or participate in an airdrop, do your research and verify the offer’s authenticity. Never share personal information such as passwords or private keys, as these can lead to losing your funds. If something seems too good to be true, it probably is – so be careful when dealing with any service that promises free Ethereum.
Conclusion
There are several ways to get free Ethereum without investing or doing any work. For example, you can use platforms like Nexo and Celsius Network to lend your ETH for interest payments, accept payments in ETH for goods and services, participate in bounty programs and liquidity pools, or watch out for airdrops.
Be sure to research and be careful of scams when dealing with any service that promises free Ethereum. With the right approach, you can get your hands on some extra ETH without having to invest a penny.
Source: https://www.cryptopolitan.com/how-to-earn-ethereum-for-free/