Chapter 7: Trading & Investing

How to Get Free Crypto Assets?

Interesting Fact:

Did you know that you can earn free crypto by simply running a program on your computer?

medium

9 minutes

In this section, I’m going to tell you 9 effective ways of how to get free crypto!

Yes, believe it or not, getting some free crypto is actually possible! With the increase in popularity that the crypto world has experienced, many people believe that anyone who offers free cryptocurrencies is a scammer.

While there are many scammers out there, yes, there are also legitimate ways of how you can get free Bitcoin, Ethereum, and various other cryptocurrencies. That’s what I’m here to help you distinguish, in the first place!

In this section, I’ll tell you about 9 of the most popular and effective ways of how to get free crypto. Each method is going to be unique and is likely to suit different individuals, so make sure to stick around till the end!

Let’s get to it!

How to Get Free Crypto? (Explained with Animations)

Video Explainer

Video Explainer: How to Get Free Crypto Assets?

Reading is not your thing? Watch the "How to Get Free Crypto Assets?" video explainer

Coinbase and Binance

The first method of how you can get free crypto involves Coinbase and Binance. These are the two top-rated and biggest cryptocurrency exchange platforms in the industry.

Don’t worry, you won’t need to trade cryptocurrencies. Instead, all that you’ll need to do is learn about crypto. In other words, you will get free crypto for learning! How cool is that?!

Both Binance and Coinbase have special programs that revolve around users learning about blockchain technology and cryptocurrencies, in general. As you study the material, you will passively earn crypto, straight into your accounts.

This method is awesome simply because you don’t need to buy anything, or spend any of your own crypto coins or tokens. Instead, all that you need to do is create an account on either Coinbase or Binance (or both, actually!) and start learning!

By the end of every subject, you’ll be presented with a quiz. If you manage to answer the quiz correctly, you’ll be credited with some crypto.

Crypto Mining

The second method of how you can start earning free crypto is by mining cryptocurrencies! Cryptocurrency mining is a process that allows you to earn crypto by employing your computer to verify transactions happening on the blockchain network.

How to get free crypto: Crypto mining.

Mining is a great way to earn free crypto simply because you don’t need anything but your computer to get started! You can run a mining program at night, or during the days when you don’t use your computer, and it will generate a passive yield of crypto!

The most popular coin to mine is Ethereum, and your monthly gains will depend on a lot of different factors - your PC, the price fluctuations of ETH, the cost of electricity, and so on. However, Ethereum will eventually transition to a different governance protocol, which will make it impossible to be mined!

Thus, if you plan to mine crypto for a long time, and maybe even want to invest in the process with some dedicated mining machines, you should definitely look into mining some other cryptocurrencies, too! Either way, it’s definitely one of the best ways to earn crypto for free.

Airdrops

Number three is airdrops. If you’re not familiar with the term, airdrops happen when developers of some sort of a project “drop” some of the project tokens into the wallets of individuals who use their platform.

How to get free crypto: Airdrops.

The best-known example of a successful airdrop is Uniswap. When the UNI token launched, Uniswap airdropped these tokens to people who have used their decentralized crypto exchange application, up to that point in time. The lucky individuals who received the airdrop got 400 UNI tokens, each - as of writing this section, that’s worth more than $4000!

Getting yourself an airdrop is usually very simple. There are lists and calendars out there, that will show you the exact dates when certain airdrops will happen, as well as what you’ll need to do in order to become eligible for one of the drops. In most cases, you’ll simply need to share the project on social media, but sometimes, you might be required to actually use the platform, too.

If you’re looking to get some free crypto, though, this is a tried-and-true method!

Staking & Yield Farming

Number 4 method of earning free crypto is staking and yield farming. I’ve decided to combine these processes into one point, since, in many cases, they are going to look very similar, especially for crypto industry newcomers.

How to get free crypto: Staking and yield farming.

Staking is a process of delegating your crypto coins to a specific staking pool, in order for your assets to help confirm the transactions happening on the blockchain. It’s actually a really difficult process, beneath the surface - if you want to learn more, check out the section "What is Staking in Crypto?".

Yield farming, on the other hand, looks kind of similar, for an outsider looking in - you have some crypto coins, and delegate them to a liquidity pool. The difference is that, with staking, your crypto confirms transactions, while yield farming allows you to earn free crypto by providing your current assets to boost market liquidity, for a set amount of time.

Though the processes are much more complex than that, but that’s the general idea behind it.

Now, in order to get free crypto from staking or yield farming, you will need to hold some coins, first. The most popular coins to stake include ADA, ALGO, ATOM, and others. Once you have some coins, you then need to find a staking or liquidity pool, and start earning free crypto! A simple google search should reveal a lot of different pool options. However, always do proper research - not all pools are established and fair!

The best approach here is this - if it sounds too good to be true, it likely is!

Faucets

Number 5 method for earning free crypto is cryptocurrency faucets. Bitcoin faucets are as old as the cryptocurrency world itself! Faucets have been around forever, and have become one of the most popular methods of how to get free crypto.

How to get free crypto: Crypto faucets.

A cryptocurrency faucet is a special platform that allows you to earn very small amounts of crypto for doing certain tasks. You might be asked to complete captchas, solve puzzles, answer questionnaires, and so on. All of the tasks are going to be super-simple, and won’t take long to complete.

Now, I know what you might be thinking - what’s the deal with these faucets? Why would anyone be paying people just to solve a simple captcha?

Well, it’s pretty simple, really! Different cryptocurrency platforms create faucets in order to spread awareness about their project and to help people get started. The small payments that you get from a crypto faucet could cover transactions fees, and help you start interacting with the platform itself.

It’s a legitimate and old-as-time method to start earning free crypto!

Crypto Debit Cards

Number 6 on our list are crypto debit cards. Some certain cryptocurrency platforms, such as Binance and Crypto.com, have created and issued their own debit cards. These cards can be used in the same manner as any other debit card out there - you may perform purchases almost anywhere with them!

How to get free crypto: Crypto debit cards.

Both Binance and Crypto.com have reward programs - in other words, they will reward you for spending money on certain things. These rewards come in the form of free crypto, credited directly into your account.

So essentially, you will receive free cryptocurrencies simply for spending your money on certain purchases - the same thing that you would do either way! With both platforms being long-time crypto industry veterans, you can be sure that this is one of the more-effective and popular ways to earn free crypto.

Using Brave

Brave is an internet browser. It’s part of a decentralized project that aims to give the power of the internet back to the people.

How to get free crypto: Using Brave.

Using Brave, you will be able to earn free crypto, in the form of Basic Attention Tokens. You’ll receive them for doing just that - using the browser. There are no catches or small print involved!

How can this be possible? Well, advertisers come to Brave and place their ads on the browser. In order to be able to do so, they pay with BAT tokens. Then, as those ads are displayed to you during your browsing session, you receive BAT for seeing them, so to speak.

While using Brave won’t make you rich, it’s definitely a great way to get free crypto, without actively doing anything!

Friend Referrals

Number 8 on our list are friend referrals. Many high-profile cryptocurrency exchange platforms are going to have referral programs. So, you register on the exchange, and then receive a unique referral code.

Whenever you invite someone, and they register on the exchange with your code, you will receive certain benefits. Sometimes, these benefits include free crypto!

It costs literally nothing to do so! This method of how to get free crypto is especially useful if you already have friends who are interested in cryptocurrencies, in general. They’ll be able to join an exchange, and you’ll be able to receive various benefits for inviting them - it’s a win-win situation!

Reddit Moons

Now, the number 9 method of how to get free crypto is a bit of a curveball. It’s not something that you’ll come across often, yet is still considered to be an underrated approach to free crypto acquisition.

The most popular crypto subreddit called r/cryptocurrency has a native token associated with it - a token called MOON. Participants of the subreddit are able to earn MOONs for simply interacting with posts, writing comments, answering questions, and creating discussions, themselves.

While MOONs aren’t likely to make you rich, it’s a really unique way to earn crypto, while being part of the largest cryptocurrency community online. Though keep in mind that “MOON farming” isn’t allowed on this subreddit - if you want to get free crypto, you’ll need to contribute to the conversation, and bring some value to the table!

Finishing Off

Lastly, I’d like to stress that you can definitely use all of the methods of getting free crypto that I’ve discussed in this section at the same time! This will compound your potential gains, and help you get more crypto over time.

crypto arbitrage<\/strong><\/a> may sound off-putting, daunting even. But there’s no need for that. Once you understand the gist of things, it becomes intriguing. Crypto arbitrage is about <strong>being the smartest and the fastest in the room<\/strong>. And you’ll see what kinds of challenges await those who are willing to enter the territory of this unpredictable trading strategy.<\/p>\n<p>Many people postpone learning about how to participate in crypto arbitrage simply because they’re afraid they won’t understand it. But even the pros once started at the beginning! And today, <strong>I’m about to present to you this topic in an accessible manner<\/strong>, and help you discover how captivating it can be!<\/p>\n<p>In this section, we’re going to take a deeper look not only into the crypto arbitrage’s theoretical foundations, but also comparisons and real-life examples. Then, I’ll cover how to find arbitrage opportunities, and what challenges await those who partake in it.<\/p>\n<p><em>Without further ado, let’s get to it!<\/em><\/p>\n<h2>What is Crypto Arbitrage?<\/h2>\n<p><em>So, what is crypto arbitrage?<\/em><\/p>\n<p>Put simply, <strong>crypto arbitrage is a trading strategy<\/strong>. It refers to traders taking advantage of price differences in asset prices across different cryptocurrency exchanges. In practical terms, it means <strong>buying crypto on some platforms for one price, and selling it on other platforms for a higher price<\/strong>. The difference between the prices is the profit that crypto arbitrageurs end up with.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: What is crypto arbitrage?\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_01.jpg/" alt=\"How to arbitrage crypto: What is crypto arbitrage?\" width=\"1000\" height=\"302\" \/><\/p>\n<p><em>How about a down-to-earth example?<\/em> This is Tony. Summer is approaching, so his coworkers begin talking about buying a new bike. Tony senses a new opportunity to make a profit. So, he scans the market, and finds that there’s a less-than-popular bicycle shop, around 100 miles away. And here’s the catch: bikes are cheaper over there, when compared to the local shops around the area where Tony lives.<\/p>\n<p>So, instead of paying $500 for a bike locally, Tony goes out to this spot, and gets one for $400. He brings it back, and sells it for the local price of $500, thus making a profit of $100.<\/p>\n<p><strong>This is the basic concept of arbitrage<\/strong>, which can be applied to various markets and industries. You could even say that Tony has just participated in some kind of “bicycle arbitrage”. Now, change “bicycle” with “crypto”, and you’ll get closer to what crypto arbitrage is all about.<\/p>\n<p>Moving on, let’s go for a crypto-related example. Imagine <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin is trading at $22,000 on Exchange X, and $23,000 on Exchange Y. So, a trader would buy 1 Bitcoin on Exchange X, transfer it to Exchange Y, and sell it. The result is a $1,000 profit.<\/p>\n<p>Do keep in mind, though, that <strong>there are costs that are not evident at first sight<\/strong>. Just like it’s essential to think of the transportation costs, storage and taxes when buying a bike, it’s just as critical not to forget about the associated fees when participating in crypto arbitrage, as well. But more about it later.<\/p>\n<h2>Arbitrage Opportunities<\/h2>\n<p>The next thing to discuss is <strong>the question of where and how to find arbitrage opportunities<\/strong> <strong>in crypto<\/strong>. If it was that easy, everyone would be going all-in on crypto arbitrage. But the more you get to know about this trading style, the more you realize why it’s definitely not a beginner-friendly crypto trading strategy.<\/p>\n<p><em>So, why is that the case?<\/em><\/p>\n<p><em><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: CEX.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_02.jpg/" alt=\"How to arbitrage crypto: CEX.\" width=\"1000\" height=\"655\" \/><\/em><\/p>\n<p>Exchange fees, for example, are enough to make it almost impossible to engage in crypto arbitrage on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/">centralized crypto exchanges<\/strong><\/a>. The coin and token price variations on different CEXs are minor, and by buying assets, transferring and selling them, you would have to deal with several exchange fees, which could kill all of your potential financial gains.<\/p>\n<p>Therefore, <strong>crypto arbitrage requires more focus on something a bit more intricate than CEXs<\/strong>. For example, DEXs, or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-decentralized-exchange/">decentralized exchanges<\/strong><\/a>.<\/p>\n<p><em>By the way, if you feel like your knowledge about CEXs and DEXs could use some refreshing, be sure to check out <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//dex-vs-cex/">this <strong>section<\/strong><\/a>. It covers everything you need to know about crypto exchange platforms!<\/em><\/p>\n<p><em><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: DEX.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_03.jpg/" alt=\"How to arbitrage crypto: DEX.\" width=\"1000\" height=\"584\" \/><\/em><\/p>\n<p><strong>Now, let's get back to arbitrage opportunities<\/strong>. Crypto traders go to DEXs because, usually, they have different <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-liquidity-pool/">liquidity pools<\/strong><\/a> from those of centralized exchanges. This is important, because this affects the asset price for which it’s being sold on the DEX. So, different liquidity pools lead to the possibility of the same asset being traded at different prices on different DEXs. <em>And different prices mean arbitrage opportunities<\/em>.<\/p>\n<p>What’s more, <strong>DEXs are often less organized and less monitored<\/strong> than centralized exchanges, and this makes it more likely that price differences will arise.<\/p>\n<p>And it’s worth mentioning that, unlike centralized exchanges, decentralized exchanges are <strong>more likely to apply lower commissions<\/strong>.<\/p>\n<p>Naturally, these opportunities are not long-lived. If they were, everyone would just capitalize on them until the liquidity pools dried out. Therefore, it takes a skillful arbitrage trader to identify these opportunities, make an informed decision, and act upon it quickly.<\/p>\n<p>But there’s more to it than just decentralized exchanges. Another way to look for crypto arbitrage opportunities is to go to <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-peer-to-peer-p2p/">Peer-to-Peer (or, more commonly known as “P2P”) <\/strong><\/a>platforms.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: P2P.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_04.jpg/" alt=\"How to arbitrage crypto: P2P.\" width=\"1000\" height=\"554\" \/><\/p>\n<p>Unlike crypto exchanges, centralized or decentralized, <strong>P2P platforms allow individuals to directly exchange cryptocurrencies with each other<\/strong> without the need for an intermediary. This means that traders can execute trades for different prices, which can create price discrepancies for the same asset.<\/p>\n<p><em>On a side note, if you feel like learning more about P2P platforms wouldn’t hurt, be sure to check out <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//where-to-trade-crypto/">this section<\/strong><\/a> about different ways of trading cryptocurrencies - it will help you develop a better understanding of how to arbitrage crypto, as well!<\/em><\/p>\n<p>Okay, back to the subject. So, <strong>P2P arbitrage<\/strong> happens when a trader finds a seller on one P2P platform offering a crypto asset at a lower price than the market rate, buys it, and then immediately sells the same cryptocurrency on another P2P platform at a higher price.<\/p>\n<p>Yet, P2P arbitrage opportunities come with a handful of risks. First of all, <strong>it takes time to find these traders<\/strong> who are willing to sell assets for a price that is lower than the market rate.<\/p>\n<p>Not only that, <strong>traders have to be really quick after identifying such situations<\/strong>, because, during moments of hesitation, other traders would simply snatch this opportunity from right in front of their eyes.<\/p>\n<p><strong>The risk of fraud on P2P platforms<\/strong> must also be mentioned. It’s a Peer-to-Peer kind of a deal, so you never know what kind of tricks the other party is about to pull out of their sleeve. Thus, P2P arbitrage requires extra caution.<\/p>\n<p>Finally, <strong>P2P trading platforms usually have lower trading volumes<\/strong> than, let’s say, centralized or decentralized exchanges. You can buy just as much as the seller offers, not more. This, therefore, imposes limits on potential arbitrage gains.<\/p>\n<p>But, there’s one huge drawback when it comes down to manual research of arbitrage opportunities. <strong>It takes a lot of time<\/strong>. And when it comes to locating, identifying, and executing a deal… Humans can’t beat machines. If new traders relied entirely on themselves, they would soon see losses, and run into the question of <em>“what is wrong with arbitrage trading in crypto?”.<\/em><\/p>\n<p>Of course, smart arbitrage traders have employed cutting-edge technology to be unbeatable in this game. I’m talking about <strong>arbitrage bots<\/strong>.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: Arbitrage bots.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_05.jpg/" alt=\"How to arbitrage crypto: Arbitrage bots.\" width=\"1000\" height=\"472\" \/><\/p>\n<p>Just like it sounds, <strong>arbitrage bots refer to automated trading programs<\/strong> that are designed with one specific purpose in mind: to take advantage of asset price differences between different cryptocurrency exchanges. If a minor price difference occurs, you can be sure that a bot will detect it quicker than your average human arbitrage trader.<\/p>\n<p><strong>Arbitrage bots use sophisticated algorithms<\/strong> to identify these opportunities and execute trades quickly and automatically, without the need for human intervention. This not only cuts out the need for manual research, but also removes the element of hesitation. In many cases, slow decision-making would simply end up in a lost arbitrage opportunity. Bots solve this problem, at least to an extent.<\/p>\n<p>Once a price difference is located, the bot executes the deal. The freshly-made money ends up in the pocket of the one who employed, or, in many cases, created the arbitrage bot themselves.<\/p>\n<p>To put things in perspective, <strong>here are some real-life examples<\/strong> of how efficient these bots can be.<\/p>\n<p>Dmitrii Ushakov, a Russian trader, has reportedly<strong> made $1.8 million in profit<\/strong> <strong>in just one month of using arbitrage bots<\/strong>. He used these bots precisely to monitor the price differences in the Bitcoin and <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum markets across exchange platforms.<\/p>\n<p>Or, consider this. A group of traders from the University of California made a fortune thanks to arbitrage bots. They developed the bots, let them loose, and, during the course of several months, <strong>ended up with over $50,000 in their pockets<\/strong>.<\/p>\n<p>So questions arise. <em>Why bother with learning how to participate in arbitrage in crypto?<\/em> <em>Why not learn how to build a crypto arbitrage bot by yourself? Why isn’t everyone using them? <\/em>Yes, traders can go on and buy themselves a bot or two. But, quite naturally, <strong>the best bots are not for sale<\/strong>.<\/p>\n<p>Why sell them for money, when the bot itself can go on, and generate that money on its own? That’s why all the market-ready arbitrage bots are watered-down versions of those that are not for sale.<\/p>\n<h2>Challenges & Risks<\/h2>\n<p>Nevertheless, there is something that connects every way of participating in crypto arbitrage. Be it opportunities on DEXs, P2P platforms, or even access to arbitrage bots, as you learn how to arbitrage crypto, you will soon start to notice - <strong>they all run into the same challenges<\/strong>. That’s right, crypto arbitrage is full of obstacles that can ruin even the most promising chances of making a profit.<\/p>\n<p>For starters, <strong>the crypto market is hyper-volatile<\/strong>. This means that price discrepancies, which are the reason why crypto arbitrage is even possible, disappear super quickly. And, sometimes, even immediate action isn’t enough.<\/p>\n<p><em>Why? <\/em>Well, for example, sometimes, a bridge between blockchains, a solution to bring tokens from one blockchain into another, may run into technical problems when processing such transactions. The tokens could get stuck on it, leaving the trader with their money hanging in the air. And time spent on retrieving it would result in a wasted arbitrage opportunity, since the price differences would fluctuate in the meantime.<\/p>\n<p>As mentioned previously, <strong>arbitrage gains can often be killed by transaction fees<\/strong>. That’s why traders opt for less expensive options that are easier to be found on DEXs or P2P platforms. But even then, the problem of fees is not fully avoided.<\/p>\n<p>You see, each transaction is a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//how-to-avoid-crypto-taxes/">taxable event<\/strong><\/a>, state tax jurisdiction-wise. This means that <strong>crypto arbitrage trading is subject to regulatory oversight<\/strong>, which usually varies in different regions of the world.<\/p>\n<p>Therefore, traders from different countries need to make sure that they <strong>comply with all applicable laws and regulations<\/strong>, and that they’re aware of the taxes that they’ll have to pay on all the money they’re about to make. If this is ignored, such <em>“unexpected fees” <\/em>could really take a toll on a trader's gains, no pun intended.<\/p>\n<h2>Wrapping Up<\/h2>\n<p>Wrapping things up, as you can see, crypto arbitrage can be a really lucrative way of approaching crypto, and <strong>there’s no correct way of how to do arbitrage in crypto<\/strong>. But, in order to execute such a trading strategy successfully, crypto traders really need to step up their game, be well-prepared, knowledgeable, and have a lot of hands-on experience and awareness about the risks involved in crypto arbitrage.<\/p>\n<p> <\/p>","definition":"Did you know that there are arbitrage bots that profit from asset price differences between cryptocurrency exchanges without the need of human interference?","status":"published","meta_title":"Crypto Arbitrage: How to Arbitrage Crypto?","meta_description":"Are you trying to figure out how to arbitrage crypto and what crypto arbitrage opportunities there are? Find out all answers right here!","meta_keywords":"how to arbitrage crypto, how to find arbitrage opportunities in crypto, what is wrong with arbitrage trading crypto, how to build a crypto arbitrage bot","modified_content":"<p>In this section, we’re going to talk about <strong>how to arbitrage crypto<\/strong>!<\/p>\n<p>For newcomers, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-arbitrage/">crypto arbitrage<\/strong><\/a> may sound off-putting, daunting even. But there’s no need for that. Once you understand the gist of things, it becomes intriguing. Crypto arbitrage is about <strong>being the smartest and the fastest in the room<\/strong>. And you’ll see what kinds of challenges await those who are willing to enter the territory of this unpredictable trading strategy.<\/p>\n<p>Many people postpone learning about how to participate in crypto arbitrage simply because they’re afraid they won’t understand it. But even the pros once started at the beginning! And today, <strong>I’m about to present to you this topic in an accessible manner<\/strong>, and help you discover how captivating it can be!<\/p>\n<p>In this section, we’re going to take a deeper look not only into the crypto arbitrage’s theoretical foundations, but also comparisons and real-life examples. Then, I’ll cover how to find arbitrage opportunities, and what challenges await those who partake in it.<\/p>\n<p><em>Without further ado, let’s get to it!<\/em><\/p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 suggested-comparisons pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//assets//images//compare-crypto-exchanges.gif/"/n alt=\"What is Crypto Arbitrage? (Risks & Tips Explained With Animation)\"\n title=\"What is Crypto Arbitrage? (Risks & Tips Explained With Animation)\" class=\"border-0\">\n <p>Video Explainer<\/p>\n <\/div>\n <\/div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: What is Crypto Arbitrage: The Main Principles<\/h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"What is Crypto Arbitrage: The Main Principles\" video explainer<\/p>\n <\/div>\n <\/div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"position-relative youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"CZJYq6vyUpo\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"><\/div>\n <p class=\"text-left dyk-video-title\">What is Crypto Arbitrage? (Risks & Tips Explained With Animation)<\/p>\n <img data-srcset=\"https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/what-is-crypto-arbitrage-risks-tips-explained-with-animation.jpg?tr=w-420 500w,\n https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/what-is-crypto-arbitrage-risks-tips-explained-with-animation.jpg?tr=w-760 1000w\"\n alt=\"What is Crypto Arbitrage? (Risks & Tips Explained With Animation)\"\n title=\"What is Crypto Arbitrage? (Risks & Tips Explained With Animation)\"\n class=\"p-0 lazyload\">\n <img class=\"play-button lazyload\" data-target=\"#video-modal\"\n data-src=\"https:\/\/assets.bitdegree.org\/crypto\/assets\/video-button.png?tr=w-85\"\n alt=\"What is Crypto Arbitrage? (Risks & Tips Explained With Animation)\">\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https:////www.youtube.com//c//CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener noindex\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"><\/i>\n <\/div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE<\/h4>\n <span>ON YOUTUBE<\/span>\n <\/div>\n <\/div>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"><\/i>\n <\/button>\n <div id=\"iframe\"><\/div>\n <\/div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https:////www.youtube.com//c//CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener noindex\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//assets//crypto-subscribe.jpg/" alt=\"Subscribe\">\n <\/div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE<\/span>\n <\/p>\n <\/div>\n <\/div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease<\/h4>\n <span>New explainer videos every week!<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/a>\n <\/div>\n <\/div>\n<\/div>\n<h2>What is Crypto Arbitrage?<\/h2>\n<p><em>So, what is crypto arbitrage?<\/em><\/p>\n<p>Put simply, <strong>crypto arbitrage is a trading strategy<\/strong>. It refers to traders taking advantage of price differences in asset prices across different cryptocurrency exchanges. In practical terms, it means <strong>buying crypto on some platforms for one price, and selling it on other platforms for a higher price<\/strong>. The difference between the prices is the profit that crypto arbitrageurs end up with.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: What is crypto arbitrage?\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_01.jpg/" alt=\"How to arbitrage crypto: What is crypto arbitrage?\" width=\"1000\" height=\"302\" \/><\/p>\n<p><em>How about a down-to-earth example?<\/em> This is Tony. Summer is approaching, so his coworkers begin talking about buying a new bike. Tony senses a new opportunity to make a profit. So, he scans the market, and finds that there’s a less-than-popular bicycle shop, around 100 miles away. And here’s the catch: bikes are cheaper over there, when compared to the local shops around the area where Tony lives.<\/p>\n<p>So, instead of paying $500 for a bike locally, Tony goes out to this spot, and gets one for $400. He brings it back, and sells it for the local price of $500, thus making a profit of $100.<\/p>\n<p><strong>This is the basic concept of arbitrage<\/strong>, which can be applied to various markets and industries. You could even say that Tony has just participated in some kind of “bicycle arbitrage”. Now, change “bicycle” with “crypto”, and you’ll get closer to what crypto arbitrage is all about.<\/p>\n<p>Moving on, let’s go for a crypto-related example. Imagine <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin is trading at $22,000 on Exchange X, and $23,000 on Exchange Y. So, a trader would buy 1 Bitcoin on Exchange X, transfer it to Exchange Y, and sell it. The result is a $1,000 profit.<\/p>\n<p>Do keep in mind, though, that <strong>there are costs that are not evident at first sight<\/strong>. Just like it’s essential to think of the transportation costs, storage and taxes when buying a bike, it’s just as critical not to forget about the associated fees when participating in crypto arbitrage, as well. But more about it later.<\/p>\n<h2>Arbitrage Opportunities<\/h2>\n<p>The next thing to discuss is <strong>the question of where and how to find arbitrage opportunities<\/strong> <strong>in crypto<\/strong>. If it was that easy, everyone would be going all-in on crypto arbitrage. But the more you get to know about this trading style, the more you realize why it’s definitely not a beginner-friendly crypto trading strategy.<\/p>\n<p><em>So, why is that the case?<\/em><\/p>\n<p><em><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: CEX.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_02.jpg/" alt=\"How to arbitrage crypto: CEX.\" width=\"1000\" height=\"655\" \/><\/em><\/p>\n<p>Exchange fees, for example, are enough to make it almost impossible to engage in crypto arbitrage on <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/">centralized crypto exchanges<\/strong><\/a>. The coin and token price variations on different CEXs are minor, and by buying assets, transferring and selling them, you would have to deal with several exchange fees, which could kill all of your potential financial gains.<\/p>\n<p>Therefore, <strong>crypto arbitrage requires more focus on something a bit more intricate than CEXs<\/strong>. For example, DEXs, or <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-decentralized-exchange/">decentralized exchanges<\/strong><\/a>.<\/p>\n<p><em>By the way, if you feel like your knowledge about CEXs and DEXs could use some refreshing, be sure to check out <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//dex-vs-cex/">this <strong>section<\/strong><\/a>. It covers everything you need to know about crypto exchange platforms!<\/em><\/p>\n<p><em><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: DEX.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_03.jpg/" alt=\"How to arbitrage crypto: DEX.\" width=\"1000\" height=\"584\" \/><\/em><\/p>\n<p><strong>Now, let's get back to arbitrage opportunities<\/strong>. Crypto traders go to DEXs because, usually, they have different <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-liquidity-pool/">liquidity pools<\/strong><\/a> from those of centralized exchanges. This is important, because this affects the asset price for which it’s being sold on the DEX. So, different liquidity pools lead to the possibility of the same asset being traded at different prices on different DEXs. <em>And different prices mean arbitrage opportunities<\/em>.<\/p>\n<p>What’s more, <strong>DEXs are often less organized and less monitored<\/strong> than centralized exchanges, and this makes it more likely that price differences will arise.<\/p>\n<p>And it’s worth mentioning that, unlike centralized exchanges, decentralized exchanges are <strong>more likely to apply lower commissions<\/strong>.<\/p>\n<p>Naturally, these opportunities are not long-lived. If they were, everyone would just capitalize on them until the liquidity pools dried out. Therefore, it takes a skillful arbitrage trader to identify these opportunities, make an informed decision, and act upon it quickly.<\/p>\n<p>But there’s more to it than just decentralized exchanges. Another way to look for crypto arbitrage opportunities is to go to <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-peer-to-peer-p2p/">Peer-to-Peer (or, more commonly known as “P2P”) <\/strong><\/a>platforms.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: P2P.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_04.jpg/" alt=\"How to arbitrage crypto: P2P.\" width=\"1000\" height=\"554\" \/><\/p>\n<p>Unlike crypto exchanges, centralized or decentralized, <strong>P2P platforms allow individuals to directly exchange cryptocurrencies with each other<\/strong> without the need for an intermediary. This means that traders can execute trades for different prices, which can create price discrepancies for the same asset.<\/p>\n<p><em>On a side note, if you feel like learning more about P2P platforms wouldn’t hurt, be sure to check out <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//where-to-trade-crypto/">this section<\/strong><\/a> about different ways of trading cryptocurrencies - it will help you develop a better understanding of how to arbitrage crypto, as well!<\/em><\/p>\n<p>Okay, back to the subject. So, <strong>P2P arbitrage<\/strong> happens when a trader finds a seller on one P2P platform offering a crypto asset at a lower price than the market rate, buys it, and then immediately sells the same cryptocurrency on another P2P platform at a higher price.<\/p>\n<p>Yet, P2P arbitrage opportunities come with a handful of risks. First of all, <strong>it takes time to find these traders<\/strong> who are willing to sell assets for a price that is lower than the market rate.<\/p>\n<p>Not only that, <strong>traders have to be really quick after identifying such situations<\/strong>, because, during moments of hesitation, other traders would simply snatch this opportunity from right in front of their eyes.<\/p>\n<p><strong>The risk of fraud on P2P platforms<\/strong> must also be mentioned. It’s a Peer-to-Peer kind of a deal, so you never know what kind of tricks the other party is about to pull out of their sleeve. Thus, P2P arbitrage requires extra caution.<\/p>\n<p>Finally, <strong>P2P trading platforms usually have lower trading volumes<\/strong> than, let’s say, centralized or decentralized exchanges. You can buy just as much as the seller offers, not more. This, therefore, imposes limits on potential arbitrage gains.<\/p>\n<p>But, there’s one huge drawback when it comes down to manual research of arbitrage opportunities. <strong>It takes a lot of time<\/strong>. And when it comes to locating, identifying, and executing a deal… Humans can’t beat machines. If new traders relied entirely on themselves, they would soon see losses, and run into the question of <em>“what is wrong with arbitrage trading in crypto?”.<\/em><\/p>\n<p>Of course, smart arbitrage traders have employed cutting-edge technology to be unbeatable in this game. I’m talking about <strong>arbitrage bots<\/strong>.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"How to arbitrage crypto: Arbitrage bots.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what_is_crypto_arbitrage_05.jpg/" alt=\"How to arbitrage crypto: Arbitrage bots.\" width=\"1000\" height=\"472\" \/><\/p>\n<p>Just like it sounds, <strong>arbitrage bots refer to automated trading programs<\/strong> that are designed with one specific purpose in mind: to take advantage of asset price differences between different cryptocurrency exchanges. If a minor price difference occurs, you can be sure that a bot will detect it quicker than your average human arbitrage trader.<\/p>\n<p><strong>Arbitrage bots use sophisticated algorithms<\/strong> to identify these opportunities and execute trades quickly and automatically, without the need for human intervention. This not only cuts out the need for manual research, but also removes the element of hesitation. In many cases, slow decision-making would simply end up in a lost arbitrage opportunity. Bots solve this problem, at least to an extent.<\/p>\n<p>Once a price difference is located, the bot executes the deal. The freshly-made money ends up in the pocket of the one who employed, or, in many cases, created the arbitrage bot themselves.<\/p>\n<p>To put things in perspective, <strong>here are some real-life examples<\/strong> of how efficient these bots can be.<\/p>\n<p>Dmitrii Ushakov, a Russian trader, has reportedly<strong> made $1.8 million in profit<\/strong> <strong>in just one month of using arbitrage bots<\/strong>. He used these bots precisely to monitor the price differences in the Bitcoin and <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">Ethereum markets across exchange platforms.<\/p>\n<p>Or, consider this. A group of traders from the University of California made a fortune thanks to arbitrage bots. They developed the bots, let them loose, and, during the course of several months, <strong>ended up with over $50,000 in their pockets<\/strong>.<\/p>\n<p>So questions arise. <em>Why bother with learning how to participate in arbitrage in crypto?<\/em> <em>Why not learn how to build a crypto arbitrage bot by yourself? Why isn’t everyone using them? <\/em>Yes, traders can go on and buy themselves a bot or two. But, quite naturally, <strong>the best bots are not for sale<\/strong>.<\/p>\n<p>Why sell them for money, when the bot itself can go on, and generate that money on its own? That’s why all the market-ready arbitrage bots are watered-down versions of those that are not for sale.<\/p>\n<h2>Challenges & Risks<\/h2>\n<p>Nevertheless, there is something that connects every way of participating in crypto arbitrage. Be it opportunities on DEXs, P2P platforms, or even access to arbitrage bots, as you learn how to arbitrage crypto, you will soon start to notice - <strong>they all run into the same challenges<\/strong>. That’s right, crypto arbitrage is full of obstacles that can ruin even the most promising chances of making a profit.<\/p>\n<p>For starters, <strong>the crypto market is hyper-volatile<\/strong>. This means that price discrepancies, which are the reason why crypto arbitrage is even possible, disappear super quickly. And, sometimes, even immediate action isn’t enough.<\/p>\n<p><em>Why? <\/em>Well, for example, sometimes, a bridge between blockchains, a solution to bring tokens from one blockchain into another, may run into technical problems when processing such transactions. The tokens could get stuck on it, leaving the trader with their money hanging in the air. And time spent on retrieving it would result in a wasted arbitrage opportunity, since the price differences would fluctuate in the meantime.<\/p>\n<p>As mentioned previously, <strong>arbitrage gains can often be killed by transaction fees<\/strong>. That’s why traders opt for less expensive options that are easier to be found on DEXs or P2P platforms. But even then, the problem of fees is not fully avoided.<\/p>\n<p>You see, each transaction is a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//how-to-avoid-crypto-taxes/">taxable event<\/strong><\/a>, state tax jurisdiction-wise. This means that <strong>crypto arbitrage trading is subject to regulatory oversight<\/strong>, which usually varies in different regions of the world.<\/p>\n<p>Therefore, traders from different countries need to make sure that they <strong>comply with all applicable laws and regulations<\/strong>, and that they’re aware of the taxes that they’ll have to pay on all the money they’re about to make. If this is ignored, such <em>“unexpected fees” <\/em>could really take a toll on a trader's gains, no pun intended.<\/p>\n<h2>Wrapping Up<\/h2>\n<p>Wrapping things up, as you can see, crypto arbitrage can be a really lucrative way of approaching crypto, and <strong>there’s no correct way of how to do arbitrage in crypto<\/strong>. But, in order to execute such a trading strategy successfully, crypto traders really need to step up their game, be well-prepared, knowledgeable, and have a lot of hands-on experience and awareness about the risks involved in crypto arbitrage.<\/p>\n<p> <\/p>","youtube_video":{"id":71,"channel_id":1,"sort":33,"video_title":"What is Crypto Arbitrage? (Risks & Tips Explained With Animation)","description":"How to arbitrage crypto?\n\nCrypto arbitrage is a popular cryptocurrency investing strategy. It sounds complicated at first, but once you get to understand what crypto arbitrage is and how it works, it becomes thrilling. However, it has its own drawbacks, and it's definitely a risky way of engaging in crypto trading.\n\nIn this video, you'll learn what cryptocurrency arbitrage is and what are different ways to arbitrage crypto, in general. I'll cover what are the risks and cons of this crypto trading strategy, as well as why the risk of not landing a good arbitrage opportunity is so high.\n\nDo you have any experience in crypto arbitrage? If not, would you like to try it? If you have any insights or comments, let everybody know in the comment section below!\n\nVideo Time Table:\n\n0:00 Introduction to What is Crypto Arbitrage\n1:09 What is Crypto Arbitrage?\n2:58 Crypto Arbitrage Opportunities\n7:47 Real-life Examples of Arbitrage Bots\n9:03 Risks & Challenges of Crypto Arbitrage\n10:27 Wrap-up: What is Crypto Arbitrage?\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps:\/\/twitter.com\/crypto_xplained\n\n#WhatisCryptoArbitrage #CryptoArbitrageBot #EarnCryptocurrency","video_id":"CZJYq6vyUpo","duration":661,"view_count":163,"thumbnail_url":"https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/what-is-crypto-arbitrage-risks-tips-explained-with-animation.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2023-05-26T15:19:23.000000Z","created_at":"2023-05-26T23:00:08.000000Z","updated_at":"2024-01-09T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}}}" :prev-section="{"id":474,"chapter_id":7,"order":4,"featured_image_id":3088,"youtube_video_id":62,"author_id":1,"created_at":"2023-03-20T07:08:00.000000Z","updated_at":"2023-12-20T10:25:32.000000Z","slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","content":"<p>In this section, we’re going to find out <strong>what is an airdrop in crypto<\/strong>!<\/p>\n<p>Whenever a new crypto airdrop is announced, oftentimes, the news about it begins spreading like wildfire. The whole crypto hive gets buzzing, since this means that a new opportunity to invest has just been found.<\/p>\n<p>Yet, as always, life is not what it initially seems. Sometimes, airdrops can get too technical, too confusing, too time-consuming, or simply - an attempt at scamming people. You have to be well-versed in order not to get lost in the airdrop crypto jungle. That’s exactly what I’m here to help you with!<\/p>\n<p>We’ll begin by addressing the question of what is a crypto airdrop, then move on and explore the reasons behind why crypto projects organize them, in the first place. Eventually, we’ll look deeper into some successful, famous examples of crypto airdrops from the past. In the end, you’ll have a much better understanding of what are crypto airdrops!<\/p>\n<p><em>Let’s begin!<\/em><\/p>\n<h2>What is an Airdrop in Crypto?<\/h2>\n<p>To start off, let’s define crypto airdrops.<\/p>\n<p><strong>In crypto, this term refers to distributing assets (be it coins or tokens) to a large number of individuals.<\/strong> Both cryptocurrencies, as well as NFTs can be airdropped. Just like a friend can airdrop a picture from their travels directly to you, so can crypto projects airdrop you free stuff. But, when it comes to crypto, airdropping takes more than simply having an iPhone.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Definition.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-01.jpg/" alt=\"What is an airdrop: Definition.\" width=\"1000\" height=\"645\"><\/p>\n<p>So, in order to receive these crypto airdrops, users must become eligible to claim them. This requires taking certain actions that, in turn, help generate interest and awareness about the project.<\/p>\n<p>Here, consider this simple analogy to understand how crypto airdrops work. Your friend is moving out this weekend. You realize that it’s a draining process, and that extra hands would never hurt in a situation like this. You offer to give them a ride, help them move their stuff from their old place into the new one. You help them now, so eventually, when they’re all set up in their new apartment, they invite you for dinner. You helped them in an early stage of their life or a project, so now, once they’ve gained speed, they reward you.<\/p>\n<p>You could put it this way - <strong>the invitation for dinner was “the airdrop”<\/strong>. Only selected and eligible recipients received it. Now, imagine this on a larger scale. People who helped test a new project, reported bugs, tried out new services (while the project was in its beginning phases), receive airdrops as a reward for their efforts, and as a point that it pays for being loyal to a particular company, brand, or blockchain.<\/p>\n<p><strong>Airdrops are more than just a reward for user loyalty, though. <\/strong>They’re also a clever way of conducting marketing. You see, “people claiming airdrops” translates to ”people getting free money”. It makes the word spread around, people begin to talk about it, everyone wants to be among those who can receive an airdrop.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: The network effect.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-03.jpg/" alt=\"What is an airdrop: The network effect.\" width=\"1000\" height=\"559\"><\/p>\n<p>Naturally, it can catapult the project behind the airdrop into the spotlight. This is publicity, people get to know, recognize, and remember the company’s name. That’s known as <em>“the network effect”.<\/em><\/p>\n<p>A very down-to-earth example could be this. John wants to go out and get himself a coffee. One coffee shop offers a deal: “If you buy coffee from us 4 times in a row, you’ll get the 5th one for free”. John chooses this place, being sure that he’ll return there and claim his free coffee eventually. He recommends this to his friends. The free coffee, which plays the role of the reward, is received, and the word is out there.<\/p>\n<h2>Making Money With Crypto Airdrops<\/h2>\n<p>Okay, that’s the theory. Let’s move on to the practice - it’s the most exciting part, since there are plenty of stories of how successful airdrop campaigns really ended up in companies boosting their brand awareness, and users boosting the contents of their wallets.<\/p>\n<p><strong>So, people make money with airdrops.<\/strong> But it all begins with receiving free tokens (or coins). The project may eventually take off, its value would increase, and thus, the value of the token would grow, as well.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Free coins.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-04.jpg/" alt=\"What is an airdrop: Free coins.\" width=\"1000\" height=\"514\"><\/p>\n<p>For fast money, recipients simply go to crypto exchanges and sell or trade the tokens, and end up pocketing the profits. It’s like selling a valuable Christmas gift that you received. Except there’s no guilt involved.<\/p>\n<p>While there are some recent successful examples, let’s take a look at where it all began. <strong>Crypto airdrops became a thing in 2014.<\/strong> Out of all places,  it actually began in Iceland.<\/p>\n<p>The first crypto airdrop was organized by <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//auroracoin-aur-price/">Auroracoin. The idea behind Auroracoin was to create an asset that would also be the national digital currency of Iceland. It was launched in February 2014, and airdropping free Auroracoins to citizens of the country was the plan of how to popularize it. 50% of the total Auroracoin supply was intended to be distributed to the country’s residents.<\/p>\n<p>So, that’s literally free money. Sounds a bit too good to be true. And, well, unfortunately, it was.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: March 25, 2014.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-05.jpg/" alt=\"What is an airdrop: March 25, 2014.\" width=\"1000\" height=\"576\"><\/p>\n<p>The airdrop took place on March 25, 2014. Every Icelandic citizen was eligible to receive 31.8 Auroracoins (around $12 at that time). <strong>In order to claim the airdrop, people had to submit their identification numbers.<\/strong> That’s it. Yet… it was too much for the project to take off.<\/p>\n<p>The Auroracoin price dropped pretty quickly. This reduced people’s interest in the coin, and the project overall. This, in turn, led to Auroracoin’s eventual demise.<\/p>\n<p>Many lessons were learned, however. The buzz was generated, the interest was raised, the whole thing was widely covered by the media. Private companies kept their eyes peeled, and took notes.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Binance.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-07.jpg/" alt=\"What is an airdrop: Binance.\" width=\"1000\" height=\"553\"><\/p>\n<p>In 2017 <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, a then newly-established centralized crypto exchange, decided to give this strategy a try. <strong>Binance distributed 500 BNB tokens to anyone who simply signed up for the airdrop<\/strong>.<\/p>\n<p>Here’s the math behind it. The BNB token was worth around $0.10 at that time. So, everyone received around $50 worth of crypto. On the 5th of April, 2021, BNB was worth $676. So, those who held on to their 500 BNB tokens, were able to sell them for over $330,000. This pretty much illustrates why airdrops are so beloved among the community.<\/p>\n<p>Not even mentioning the fact that, thanks to innovative marketing approaches like this, Binance was able to catapult itself into the eye of the crypto public, and cemented itself as the leading crypto exchange in the world.<\/p>\n<p>By the way, if you feel like updating your knowledge about centralized exchanges, and how they work, be sure to check out <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//dex-vs-cex/">this section<\/strong><\/a> that covers the topic extensively!<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Blur, Optimism, Uniswap.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-08.jpg/" alt=\"What is an airdrop: Blur, Optimism, Uniswap.\" width=\"1000\" height=\"664\"><\/p>\n<p>After such success stories, airdrops got more and more popular. Names such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//optimism-ethereum-op-price/">Optimism, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//blur-token-blur-price/">Blur, and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//uniswap-uni-price/">Uniswap tried their luck with airdrops. And, they were successful. But there are always two sides to a coin.<\/p>\n<p>As usual, when something gets popular because various opportunists begin jumping aboard the hype train, malicious people tend to blend in, as well.<\/p>\n<p>Therefore, it’s not surprising that <strong>many people started reporting negative experiences after trying to receive an airdrop<\/strong>. Particular risks became associated with airdrops, especially the ones organized by obscure projects.<\/p>\n<p>For example, some airdrops may require you to share your personal or wallet information with unknown sources. This could expose you to phishing attacks, identity theft, or other forms of hacks. It’s vital to be 100% sure about how valid a particular airdrop is.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Phishing attacks, identity theft, other form of hack.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-09.jpg/" alt=\"What is an airdrop: Phishing attacks, identity theft, other form of hack.\" width=\"1000\" height=\"577\"><\/p>\n<p>Another risk is that some airdrops may be part of “<a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-pump-and-dump-pandd-scheme/">pump-and-dump” schemes, where the token price is artificially inflated, and then dumped by the creators or early investors.<\/p>\n<p>Or, in other cases, disappointment can arise from receiving only the so-called “<a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-dust-transaction/">dust” of an airdrop. This happens when the team behind the project launches their product, or a coin, and its value plummets instantly. In this case, the value of the airdrop falls dramatically, as well, and users end up receiving a sad-looking addition to their wallet.<\/p>\n<h2>How to Get an Airdrop?<\/h2>\n<p>Nevertheless, all of that doesn't deny the fact that <strong>airdrops can be a successful and profitable strategy for both: the company, and the user<\/strong>.<\/p>\n<p>Therefore, choosing the right project, qualifying as eligible for their airdrops, and simply being prepared is the key to being among the first ones to receive the most valuable airdrops. But the question arises: “how do you get an airdrop?”<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: How to get an airdrop?\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-12.jpg/" alt=\"What is an airdrop: How to get an airdrop?\" width=\"1000\" height=\"522\"><\/p>\n<p>The simple answer is that <strong>the criteria for being eligible for an airdrop can vary greatly from project to project<\/strong>. It can range from simply following a project's social media accounts, holding a specific token, to being an early adopter and regularly using the platform, such as a DEX, or a particular NFT marketplace.<\/p>\n<p>The key is to pay attention to the specific requirements of each project, as they can change over time. It's important to do your own research and understand the risks before participating in an airdrop. Keeping all of this in mind will greatly reduce the chances of participating in fake, scammy projects and wasting your time.<\/p>\n<h2>Wrapping Up<\/h2>\n<p>To sum up, I’ve answered the questions of “what is an airdrop?”, “what’s the crypto airdrop meaning?”, and “how can people potentially make money thanks to crypto airdrops?”. Similar to many good things in life, crypto airdrops can be exciting and rewarding, but they also come with some pitfalls.<\/p>\n<p><strong>Nevertheless, strategic companies will continue increasing their brand awareness, and expanding their communities thanks to well-organized airdrops.<\/strong> Same goes for users, who, while remaining cautious and calculating, will avoid scams and poorly-prepared airdrops.<\/p>\n<p>And that brings us to the point where it’s time to call it a wrap! I hope you learned a thing or few, and from now on, the question “what is an airdrop?” will not bother you anymore.<\/p>\n<p> <\/p>","definition":"Did you know that the first crypto airdrop took place in February 2014 and it was organized by Auroracoin?","status":"published","meta_title":"What is an Airdrop in Crypto and How to Get It?","meta_description":"What is an airdrop in crypto? How to get an airdrop? How to earn from airdrops? Found answers to these and other related questions here!","meta_keywords":"what is an airdrop, crypto airdrop, airdrop crypto, airdrop meaning, what is a crypto airdrop, what is airdrop crypto, crypto airdrop meaning, what is an airdrop in crypto, airdrop crypto meaning, what is crypto airdrop","modified_content":"<p>In this section, we’re going to find out <strong>what is an airdrop in crypto<\/strong>!<\/p>\n<p>Whenever a new crypto airdrop is announced, oftentimes, the news about it begins spreading like wildfire. The whole crypto hive gets buzzing, since this means that a new opportunity to invest has just been found.<\/p>\n<p>Yet, as always, life is not what it initially seems. Sometimes, airdrops can get too technical, too confusing, too time-consuming, or simply - an attempt at scamming people. You have to be well-versed in order not to get lost in the airdrop crypto jungle. That’s exactly what I’m here to help you with!<\/p>\n<p>We’ll begin by addressing the question of what is a crypto airdrop, then move on and explore the reasons behind why crypto projects organize them, in the first place. Eventually, we’ll look deeper into some successful, famous examples of crypto airdrops from the past. In the end, you’ll have a much better understanding of what are crypto airdrops!<\/p>\n<p><em>Let’s begin!<\/em><\/p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 suggested-comparisons pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//assets//images//compare-crypto-exchanges.gif/"/n alt=\"What is a Crypto Airdrop & How to Get FREE Coins? (Animated)\"\n title=\"What is a Crypto Airdrop & How to Get FREE Coins? (Animated)\" class=\"border-0\">\n <p>Video Explainer<\/p>\n <\/div>\n <\/div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: What are Crypto Airdrops and How to Get Them?<\/h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"What are Crypto Airdrops and How to Get Them?\" video explainer<\/p>\n <\/div>\n <\/div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"position-relative youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"xE7K4D3WOKA\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"><\/div>\n <p class=\"text-left dyk-video-title\">What is a Crypto Airdrop & How to Get FREE Coins? (Animated)<\/p>\n <img data-srcset=\"https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/what-is-a-crypto-airdrop-how-to-get-free-coins-animated.jpg?tr=w-420 500w,\n https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/what-is-a-crypto-airdrop-how-to-get-free-coins-animated.jpg?tr=w-760 1000w\"\n alt=\"What is a Crypto Airdrop & How to Get FREE Coins? (Animated)\"\n title=\"What is a Crypto Airdrop & How to Get FREE Coins? (Animated)\"\n class=\"p-0 lazyload\">\n <img class=\"play-button lazyload\" data-target=\"#video-modal\"\n data-src=\"https:\/\/assets.bitdegree.org\/crypto\/assets\/video-button.png?tr=w-85\"\n alt=\"What is a Crypto Airdrop & How to Get FREE Coins? (Animated)\">\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https:////www.youtube.com//c//CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener noindex\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"><\/i>\n <\/div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE<\/h4>\n <span>ON YOUTUBE<\/span>\n <\/div>\n <\/div>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"><\/i>\n <\/button>\n <div id=\"iframe\"><\/div>\n <\/div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https:////www.youtube.com//c//CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener noindex\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//assets//crypto-subscribe.jpg/" alt=\"Subscribe\">\n <\/div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE<\/span>\n <\/p>\n <\/div>\n <\/div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease<\/h4>\n <span>New explainer videos every week!<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/a>\n <\/div>\n <\/div>\n<\/div>\n<h2>What is an Airdrop in Crypto?<\/h2>\n<p>To start off, let’s define crypto airdrops.<\/p>\n<p><strong>In crypto, this term refers to distributing assets (be it coins or tokens) to a large number of individuals.<\/strong> Both cryptocurrencies, as well as NFTs can be airdropped. Just like a friend can airdrop a picture from their travels directly to you, so can crypto projects airdrop you free stuff. But, when it comes to crypto, airdropping takes more than simply having an iPhone.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Definition.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-01.jpg/" alt=\"What is an airdrop: Definition.\" width=\"1000\" height=\"645\"><\/p>\n<p>So, in order to receive these crypto airdrops, users must become eligible to claim them. This requires taking certain actions that, in turn, help generate interest and awareness about the project.<\/p>\n<p>Here, consider this simple analogy to understand how crypto airdrops work. Your friend is moving out this weekend. You realize that it’s a draining process, and that extra hands would never hurt in a situation like this. You offer to give them a ride, help them move their stuff from their old place into the new one. You help them now, so eventually, when they’re all set up in their new apartment, they invite you for dinner. You helped them in an early stage of their life or a project, so now, once they’ve gained speed, they reward you.<\/p>\n<p>You could put it this way - <strong>the invitation for dinner was “the airdrop”<\/strong>. Only selected and eligible recipients received it. Now, imagine this on a larger scale. People who helped test a new project, reported bugs, tried out new services (while the project was in its beginning phases), receive airdrops as a reward for their efforts, and as a point that it pays for being loyal to a particular company, brand, or blockchain.<\/p>\n<p><strong>Airdrops are more than just a reward for user loyalty, though. <\/strong>They’re also a clever way of conducting marketing. You see, “people claiming airdrops” translates to ”people getting free money”. It makes the word spread around, people begin to talk about it, everyone wants to be among those who can receive an airdrop.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: The network effect.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-03.jpg/" alt=\"What is an airdrop: The network effect.\" width=\"1000\" height=\"559\"><\/p>\n<p>Naturally, it can catapult the project behind the airdrop into the spotlight. This is publicity, people get to know, recognize, and remember the company’s name. That’s known as <em>“the network effect”.<\/em><\/p>\n<p>A very down-to-earth example could be this. John wants to go out and get himself a coffee. One coffee shop offers a deal: “If you buy coffee from us 4 times in a row, you’ll get the 5th one for free”. John chooses this place, being sure that he’ll return there and claim his free coffee eventually. He recommends this to his friends. The free coffee, which plays the role of the reward, is received, and the word is out there.<\/p>\n<h2>Making Money With Crypto Airdrops<\/h2>\n<p>Okay, that’s the theory. Let’s move on to the practice - it’s the most exciting part, since there are plenty of stories of how successful airdrop campaigns really ended up in companies boosting their brand awareness, and users boosting the contents of their wallets.<\/p>\n<p><strong>So, people make money with airdrops.<\/strong> But it all begins with receiving free tokens (or coins). The project may eventually take off, its value would increase, and thus, the value of the token would grow, as well.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Free coins.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-04.jpg/" alt=\"What is an airdrop: Free coins.\" width=\"1000\" height=\"514\"><\/p>\n<p>For fast money, recipients simply go to crypto exchanges and sell or trade the tokens, and end up pocketing the profits. It’s like selling a valuable Christmas gift that you received. Except there’s no guilt involved.<\/p>\n<p>While there are some recent successful examples, let’s take a look at where it all began. <strong>Crypto airdrops became a thing in 2014.<\/strong> Out of all places,  it actually began in Iceland.<\/p>\n<p>The first crypto airdrop was organized by <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//auroracoin-aur-price/">Auroracoin. The idea behind Auroracoin was to create an asset that would also be the national digital currency of Iceland. It was launched in February 2014, and airdropping free Auroracoins to citizens of the country was the plan of how to popularize it. 50% of the total Auroracoin supply was intended to be distributed to the country’s residents.<\/p>\n<p>So, that’s literally free money. Sounds a bit too good to be true. And, well, unfortunately, it was.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: March 25, 2014.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-05.jpg/" alt=\"What is an airdrop: March 25, 2014.\" width=\"1000\" height=\"576\"><\/p>\n<p>The airdrop took place on March 25, 2014. Every Icelandic citizen was eligible to receive 31.8 Auroracoins (around $12 at that time). <strong>In order to claim the airdrop, people had to submit their identification numbers.<\/strong> That’s it. Yet… it was too much for the project to take off.<\/p>\n<p>The Auroracoin price dropped pretty quickly. This reduced people’s interest in the coin, and the project overall. This, in turn, led to Auroracoin’s eventual demise.<\/p>\n<p>Many lessons were learned, however. The buzz was generated, the interest was raised, the whole thing was widely covered by the media. Private companies kept their eyes peeled, and took notes.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Binance.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-07.jpg/" alt=\"What is an airdrop: Binance.\" width=\"1000\" height=\"553\"><\/p>\n<p>In 2017 <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>, a then newly-established centralized crypto exchange, decided to give this strategy a try. <strong>Binance distributed 500 BNB tokens to anyone who simply signed up for the airdrop<\/strong>.<\/p>\n<p>Here’s the math behind it. The BNB token was worth around $0.10 at that time. So, everyone received around $50 worth of crypto. On the 5th of April, 2021, BNB was worth $676. So, those who held on to their 500 BNB tokens, were able to sell them for over $330,000. This pretty much illustrates why airdrops are so beloved among the community.<\/p>\n<p>Not even mentioning the fact that, thanks to innovative marketing approaches like this, Binance was able to catapult itself into the eye of the crypto public, and cemented itself as the leading crypto exchange in the world.<\/p>\n<p>By the way, if you feel like updating your knowledge about centralized exchanges, and how they work, be sure to check out <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//dex-vs-cex/">this section<\/strong><\/a> that covers the topic extensively!<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Blur, Optimism, Uniswap.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-08.jpg/" alt=\"What is an airdrop: Blur, Optimism, Uniswap.\" width=\"1000\" height=\"664\"><\/p>\n<p>After such success stories, airdrops got more and more popular. Names such as <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//optimism-ethereum-op-price/">Optimism, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//blur-token-blur-price/">Blur, and <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//cryptocurrency-prices//uniswap-uni-price/">Uniswap tried their luck with airdrops. And, they were successful. But there are always two sides to a coin.<\/p>\n<p>As usual, when something gets popular because various opportunists begin jumping aboard the hype train, malicious people tend to blend in, as well.<\/p>\n<p>Therefore, it’s not surprising that <strong>many people started reporting negative experiences after trying to receive an airdrop<\/strong>. Particular risks became associated with airdrops, especially the ones organized by obscure projects.<\/p>\n<p>For example, some airdrops may require you to share your personal or wallet information with unknown sources. This could expose you to phishing attacks, identity theft, or other forms of hacks. It’s vital to be 100% sure about how valid a particular airdrop is.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: Phishing attacks, identity theft, other form of hack.\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-09.jpg/" alt=\"What is an airdrop: Phishing attacks, identity theft, other form of hack.\" width=\"1000\" height=\"577\"><\/p>\n<p>Another risk is that some airdrops may be part of “<a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-pump-and-dump-pandd-scheme/">pump-and-dump” schemes, where the token price is artificially inflated, and then dumped by the creators or early investors.<\/p>\n<p>Or, in other cases, disappointment can arise from receiving only the so-called “<a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-dust-transaction/">dust” of an airdrop. This happens when the team behind the project launches their product, or a coin, and its value plummets instantly. In this case, the value of the airdrop falls dramatically, as well, and users end up receiving a sad-looking addition to their wallet.<\/p>\n<h2>How to Get an Airdrop?<\/h2>\n<p>Nevertheless, all of that doesn't deny the fact that <strong>airdrops can be a successful and profitable strategy for both: the company, and the user<\/strong>.<\/p>\n<p>Therefore, choosing the right project, qualifying as eligible for their airdrops, and simply being prepared is the key to being among the first ones to receive the most valuable airdrops. But the question arises: “how do you get an airdrop?”<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"What is an airdrop: How to get an airdrop?\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//optimized//what-is-an-airdrop-12.jpg/" alt=\"What is an airdrop: How to get an airdrop?\" width=\"1000\" height=\"522\"><\/p>\n<p>The simple answer is that <strong>the criteria for being eligible for an airdrop can vary greatly from project to project<\/strong>. It can range from simply following a project's social media accounts, holding a specific token, to being an early adopter and regularly using the platform, such as a DEX, or a particular NFT marketplace.<\/p>\n<p>The key is to pay attention to the specific requirements of each project, as they can change over time. It's important to do your own research and understand the risks before participating in an airdrop. Keeping all of this in mind will greatly reduce the chances of participating in fake, scammy projects and wasting your time.<\/p>\n<h2>Wrapping Up<\/h2>\n<p>To sum up, I’ve answered the questions of “what is an airdrop?”, “what’s the crypto airdrop meaning?”, and “how can people potentially make money thanks to crypto airdrops?”. Similar to many good things in life, crypto airdrops can be exciting and rewarding, but they also come with some pitfalls.<\/p>\n<p><strong>Nevertheless, strategic companies will continue increasing their brand awareness, and expanding their communities thanks to well-organized airdrops.<\/strong> Same goes for users, who, while remaining cautious and calculating, will avoid scams and poorly-prepared airdrops.<\/p>\n<p>And that brings us to the point where it’s time to call it a wrap! I hope you learned a thing or few, and from now on, the question “what is an airdrop?” will not bother you anymore.<\/p>\n<p> <\/p>","youtube_video":{"id":62,"channel_id":1,"sort":36,"video_title":"What is a Crypto Airdrop & How to Get FREE Coins? (Animated)","description":"What is an airdrop in crypto?\n\nThe term \u201ccrypto airdrop\u201d refers to distributing assets (be it tokens or coins) to a large number of individuals. It\u2019s a popular form of increasing brand awareness, and building a loyal customer base. \n\nIn this video, I will explain what is a crypto airdrop, and how crypto airdrops became such an important part of the crypto ecosystem. I\u2019ll cover the origins of this phenomenon, and then, I\u2019ll move to particular examples of how crypto airdrops were employed within the industry. To give a well-balanced view, I\u2019ll mention what risks can be associated with airdrops, because not all of them are trustworthy. \n\nDo you think airdrops will become an even more inseparable part of the DeFi world? Or is their time already over? Let me know, in the comment section below!\n\nVideo Time Table:\n\n0:00 Introduction to What is a Crypto Airdrop?\n1:02 What is an Airdrop in Crypto?\n3:11 Making Money With Crypto Airdrops\n6:25 Risks of Crypto Airdrops\n7:08 How to Get an Airdrop?\n8:01 Wrap-up: What is a Crypto Airdrop?\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps:\/\/twitter.com\/crypto_xplained\n\n#WhatisaCryptoAirdrop #AirdropCrypto #AirdropIncome","video_id":"xE7K4D3WOKA","duration":528,"view_count":328,"thumbnail_url":"https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/what-is-a-crypto-airdrop-how-to-get-free-coins-animated.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2023-05-16T15:09:24.000000Z","created_at":"2023-05-16T23:00:10.000000Z","updated_at":"2024-01-09T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}}}" :model="{"id":22,"chapter_id":7,"order":5,"featured_image_id":3055,"youtube_video_id":22,"author_id":1,"created_at":"2022-05-04T07:31:58.000000Z","updated_at":"2023-11-13T07:27:58.000000Z","slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","content":"<p>In this section, I’m going to tell you <strong>9 effective ways<\/strong> of how to get free crypto!<\/p>\n<p>Yes, believe it or not, getting some free crypto is actually possible! With the increase in popularity that the crypto world has experienced, many people believe that anyone who offers free cryptocurrencies is a scammer.<\/p>\n<p>While <strong>there are many scammers out there<\/strong>, yes, there are also legitimate ways of how you can get free <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, and various other cryptocurrencies. That’s what I’m here to help you distinguish, in the first place!<\/p>\n<p>In this section, I’ll tell you about 9 of the most popular and effective ways of how to get free crypto. Each method is going to be unique and is likely to suit different individuals, so make sure to stick around till the end!<\/p>\n<p><em>Let’s get to it!<\/em><\/p>\n<h2>Coinbase and Binance<\/h2>\n<p>The first method of how you can get free crypto involves <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Coinbase<\/strong><\/a> <strong>and<\/strong> <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>. These are the two top-rated and biggest <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/">cryptocurrency exchange platforms<\/strong><\/a> in the industry.<\/p>\n<p>Don’t worry, you won’t need to trade cryptocurrencies. Instead, all that you’ll need to do is learn about crypto. In other words, you will <strong>get free crypto for learning!<\/strong> <em>How cool is that?!<\/em><\/p>\n<p><em><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-1.o.jpg/" alt=\"How to get free crypto: Coinbase and Binance.\" width=\"1000\" height=\"552\" \/><\/em><\/p>\n<p>Both Binance and Coinbase have special programs that revolve around users learning about blockchain technology and cryptocurrencies, in general. As you study the material, you will passively earn crypto, straight into your accounts.<\/p>\n<p>This method is awesome simply because you don’t need to buy anything, or spend any of your own <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-coin/">crypto coins<\/strong><\/a> or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">tokens. Instead, all that you need to do is create an account on either Coinbase or Binance <em>(or both, actually!)<\/em> and start learning!<\/p>\n<p>By the end of every subject, you’ll be presented with a quiz. If you manage to answer the quiz correctly, you’ll be credited with some crypto.<\/p>\n<h2>Crypto Mining<\/h2>\n<p>The second method of how you can start earning free crypto is by <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">mining cryptocurrencies<\/a>! <\/strong>Cryptocurrency mining is a process that allows you to earn crypto by <strong>employing your computer to verify transactions<\/strong> happening on the blockchain network.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-2.o.jpg/" alt=\"How to get free crypto: Crypto mining.\" width=\"1000\" height=\"894\" \/><\/p>\n<p>Mining is a great way to earn free crypto simply because you don’t need anything but your computer to get started! You can run a mining program at night, or during the days when you don’t use your computer, and it will generate a passive yield of crypto!<\/p>\n<p>The most popular coin to mine is <strong>Ethereum<\/strong>, and your monthly gains will depend on a lot of different factors - your PC, the price fluctuations of ETH, the cost of electricity, and so on. However, Ethereum will eventually transition to a different governance protocol, which will make it impossible to be mined!<\/p>\n<p>Thus, if you plan to mine crypto for a long time, and maybe even want to invest in the process with some dedicated mining machines, you should definitely look into mining some other cryptocurrencies, too! Either way, it’s definitely <strong>one of the best ways<\/strong> to earn crypto for free.<\/p>\n<h2>Airdrops<\/h2>\n<p>Number three is <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-airdrop/">airdrops. If you’re not familiar with the term, airdrops happen when developers of some sort of a project “drop” some of the project tokens into the wallets of individuals who use their platform.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-3.o.jpg/" alt=\"How to get free crypto: Airdrops.\" width=\"1000\" height=\"417\" \/><\/p>\n<p>The best-known example of a successful airdrop is <strong>Uniswap.<\/strong> When the UNI token launched, Uniswap airdropped these tokens to people who have used their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralized-exchange-dex/">decentralized crypto exchange<\/strong><\/a> application, up to that point in time. The lucky individuals who received the airdrop got 400 UNI tokens, each - as of writing this section, that’s worth more than $4000!<\/p>\n<p>Getting yourself an airdrop is usually very simple. There are lists and calendars out there, that will show you the exact dates when certain airdrops will happen, as well as what you’ll need to do in order to become eligible for one of the drops. In most cases, you’ll simply need to share the project on social media, but sometimes, you might be required to actually use the platform, too.<\/p>\n<p>If you’re looking to get some free crypto, though, this is <strong>a tried-and-true method!<\/strong><\/p>\n<h2>Staking & Yield Farming<\/h2>\n<p>Number 4 method of earning free crypto is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-staking/">staking and <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-yield-farming/">yield farming<\/a>.<\/strong> I’ve decided to combine these processes into one point, since, in many cases, they are going to look very similar, especially for crypto industry newcomers.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-4.o.jpg/" alt=\"How to get free crypto: Staking and yield farming.\" width=\"1000\" height=\"852\" \/><\/p>\n<p><strong>Staking<\/strong> is a process of delegating your crypto coins to a specific <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-staking-pool/">staking pool<\/strong><\/a>, in order for your assets to help confirm the transactions happening on the blockchain. It’s actually a really difficult process, beneath the surface - if you want to learn more, check out the section <strong>\"<a href=https://www.bitdegree.org/"//crypto//learn//what-is-staking-in-crypto/">What is Staking in Crypto?<\/a>\".<\/strong><\/p>\n<p><strong>Yield farming<\/strong>, on the other hand, looks kind of similar, for an outsider looking in - you have some crypto coins, and delegate them to a <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity-pool/">liquidity pool<\/a>. <\/strong>The difference is that, with staking, your crypto confirms transactions, while yield farming allows you to earn free crypto by providing your current assets to boost market liquidity, for a set amount of time.<\/p>\n<p>Though the processes are much more complex than that, but that’s the general idea behind it.<\/p>\n<p>Now, in order to get free crypto from staking or yield farming, you will need to hold some coins, first. The most popular coins to stake include <strong>ADA, ALGO, ATOM, and others. <\/strong>Once you have some coins, you then need to find a staking or liquidity pool, and start earning free crypto! A simple google search should reveal a lot of different pool options. However, always do proper research - not all pools are established and fair!<\/p>\n<p>The best approach here is this - <strong>if it sounds too good to be true, it likely is!<\/strong><\/p>\n<h2>Faucets<\/h2>\n<p>Number 5 method for earning free crypto is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-faucet/">cryptocurrency <\/a><strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-faucet/">faucets. Bitcoin faucets are as old as the cryptocurrency world itself! Faucets have been around forever, and have become one of the most popular methods of how to get free crypto.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-5.o.jpg/" alt=\"How to get free crypto: Crypto faucets.\" width=\"1000\" height=\"296\" \/><\/p>\n<p>A cryptocurrency faucet is a special platform that allows you to earn very <strong>small amounts of crypto for doing certain tasks. <\/strong>You might be asked to complete captchas, solve puzzles, answer questionnaires, and so on. All of the tasks are going to be super-simple, and won’t take long to complete.<\/p>\n<p>Now, I know what you might be thinking - what’s the deal with these faucets? Why would anyone be paying people just to solve a simple captcha?<\/p>\n<p>Well, it’s pretty simple, really! Different cryptocurrency platforms create faucets in order to spread awareness about their project and to help people get started. The small payments that you get from a crypto faucet could cover transactions fees, and help you start interacting with the platform itself.<\/p>\n<p>It’s a <strong>legitimate and old-as-time method<\/strong> to start earning free crypto!<\/p>\n<h2>Crypto Debit Cards<\/h2>\n<p>Number 6 on our list are <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-crypto-debit-card/">crypto debit cards<\/a>. <\/strong>Some certain cryptocurrency platforms, such as <strong>Binance and Crypto.com<\/strong>, have created and issued their own debit cards. These cards can be used in the same manner as any other debit card out there - you may perform purchases almost anywhere with them!<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-6.o.jpg/" alt=\"How to get free crypto: Crypto debit cards.\" width=\"1000\" height=\"503\" \/><\/p>\n<p>Both Binance and Crypto.com have reward programs - in other words, <strong>they will reward you for spending money<\/strong><strong> on certain things.<\/strong> These rewards come in the form of free crypto, credited directly into your account.<\/p>\n<p>So essentially, you will receive free cryptocurrencies simply for spending your money on certain purchases - the same thing that you would do either way! With both platforms being long-time crypto industry veterans, you can be sure that this is <strong>one of the more-effective and popular ways<\/strong> to earn free crypto.<\/p>\n<h2>Using Brave<\/h2>\n<p><strong>Brave is an internet browser. <\/strong>It’s part of a decentralized project that aims to give the power of the internet back to the people.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-7.o.jpg/" alt=\"How to get free crypto: Using Brave.\" width=\"1000\" height=\"652\" \/><\/p>\n<p>Using Brave, you will be able to earn free crypto, in the form of <strong>Basic Attention Tokens. <\/strong>You’ll receive them for doing just that - using the browser. There are no catches or small print involved!<\/p>\n<p>How can this be possible? Well, advertisers come to Brave and place their ads on the browser. In order to be able to do so, they pay with <strong>BAT tokens.<\/strong> Then, as those ads are displayed to you during your browsing session, you receive BAT for seeing them, so to speak.<\/p>\n<p>While using Brave won’t make you rich, it’s definitely <strong>a great way to get free crypto<\/strong>, without actively doing anything!<\/p>\n<h2>Friend Referrals<\/h2>\n<p>Number 8 on our list are friend referrals. Many high-profile cryptocurrency exchange platforms are going to have <strong>referral programs.<\/strong> So, you register on the exchange, and then receive a <strong>unique referral code.<\/strong><\/p>\n<p><strong><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-8.o.jpg/" alt=\"How to get free crypto: Friend referrals.\" width=\"1000\" height=\"537\" \/><\/strong><\/p>\n<p>Whenever you invite someone, and they register on the exchange with your code, you will receive certain benefits. Sometimes, these benefits include free crypto!<\/p>\n<p>It costs literally nothing to do so! This method of how to get free crypto is especially useful if you already have friends who are interested in cryptocurrencies, in general. They’ll be able to join an exchange, and you’ll be able to receive various benefits for inviting them - it’s a win-win situation!<\/p>\n<h2>Reddit Moons<\/h2>\n<p>Now, the number 9 method of how to get free crypto is a bit of a curveball. It’s not something that you’ll come across often, yet is still considered to be an <strong>underrated approach to free crypto acquisition.<\/strong><\/p>\n<p><strong><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-9.o.jpg/" alt=\"How to get free crypto: Reddit moons.\" width=\"1000\" height=\"562\" \/><\/strong><\/p>\n<p>The most popular crypto subreddit called<strong> r\/cryptocurrency <\/strong>has a native token associated with it - a token called <strong>MOON.<\/strong> Participants of the subreddit are able to earn MOONs for simply interacting with posts, writing comments, answering questions, and creating discussions, themselves.<\/p>\n<p>While MOONs aren’t likely to make you rich, it’s a really unique way to earn crypto, while being part of the largest cryptocurrency community online. Though keep in mind that “MOON farming” isn’t allowed on this subreddit - if you want to get free crypto, you’ll need to contribute to the conversation, and bring some value to the table!<\/p>\n<h2>Finishing Off<\/h2>\n<p>Lastly, I’d like to stress that you can definitely use all of the methods of getting free crypto that I’ve discussed in this section at the same time! This will compound your potential gains, and help you get more crypto over time.<\/p>","definition":"Did you know that you can earn free crypto by simply running a program on your computer?","status":"published","meta_title":"How to Get Free Crypto? 9 Effective Ways","meta_description":"Do you want to own crypto but don't want to buy it? Wondering how to get free crypto? Find 9 effective ways how to do that right here!","meta_keywords":"how to get free bitcoin, how to get free crypto, bitcoin for free, how to get free crypto on coinbase","modified_content":"<p>In this section, I’m going to tell you <strong>9 effective ways<\/strong> of how to get free crypto!<\/p>\n<p>Yes, believe it or not, getting some free crypto is actually possible! With the increase in popularity that the crypto world has experienced, many people believe that anyone who offers free cryptocurrencies is a scammer.<\/p>\n<p>While <strong>there are many scammers out there<\/strong>, yes, there are also legitimate ways of how you can get free <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum, and various other cryptocurrencies. That’s what I’m here to help you distinguish, in the first place!<\/p>\n<p>In this section, I’ll tell you about 9 of the most popular and effective ways of how to get free crypto. Each method is going to be unique and is likely to suit different individuals, so make sure to stick around till the end!<\/p>\n<p><em>Let’s get to it!<\/em><\/p>\n<div class=\"container\">\n <div class=\"row justify-content-center\">\n <div class=\"col-md-10 suggested-comparisons pb-3 mb-4\">\n <div class=\"d-flex flex-row\">\n <div class=\"text-center\">\n <div class=\"img-block-yt\">\n <img src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//assets//images//compare-crypto-exchanges.gif/"/n alt=\"How to Get Free Crypto? (Explained with Animations)\"\n title=\"How to Get Free Crypto? (Explained with Animations)\" class=\"border-0\">\n <p>Video Explainer<\/p>\n <\/div>\n <\/div>\n <div class=\"col-xs-10 col-sm-10 col-md-10 text-left py-3 yt-info\">\n <h4 class=\"mb-1\">Video Explainer: How to Get Free Crypto Assets?<\/h4>\n <p class=\"py-1 mb-0 youtube-video-subtitle\">Reading is not your thing? Watch the \"How to Get Free Crypto Assets?\" video explainer<\/p>\n <\/div>\n <\/div>\n <div class=\"row justify-content-center text-center\">\n <div class=\"col-12 col-md-11 px-3\">\n <div class=\"wrapper mb-0\">\n <div class=\"position-relative youtube mb-4 bg-transparent p-0 video-modal-popup\" data-toggle=\"modal\"\n data-target=\"#video-modal\" data-id=\"aNjehGx3WqM\" data-title=\"CryptoFinallyExplained\">\n <div class=\"video-gradient-top\"><\/div>\n <p class=\"text-left dyk-video-title\">How to Get Free Crypto? (Explained with Animations)<\/p>\n <img data-srcset=\"https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/how-to-get-free-crypto-explained-with-animations.jpg?tr=w-420 500w,\n https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/how-to-get-free-crypto-explained-with-animations.jpg?tr=w-760 1000w\"\n alt=\"How to Get Free Crypto? (Explained with Animations)\"\n title=\"How to Get Free Crypto? (Explained with Animations)\"\n class=\"p-0 lazyload\">\n <img class=\"play-button lazyload\" data-target=\"#video-modal\"\n data-src=\"https:\/\/assets.bitdegree.org\/crypto\/assets\/video-button.png?tr=w-85\"\n alt=\"How to Get Free Crypto? (Explained with Animations)\">\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <div class=\"row justify-content-center text-center\">\n <div>\n <a href=https://www.bitdegree.org/"https:////www.youtube.com//c//CryptoFinallyExplained?sub_confirmation=1\%22\n class=\"btn yt-promo mb-2\" target=\"_blank\" rel=\"nofollow noopener noindex\">\n <div class=\"row justify-content-center align-items-center mx-0 text-center\">\n <div class=\"col-4 col-md-4\">\n <i class=\"fab fa-youtube yt-dyk-btn\"><\/i>\n <\/div>\n <div class=\"col-8 col-md-8 text-center yt-promo-text\">\n <h4 class=\"m-0 text-white\">SUBSCRIBE<\/h4>\n <span>ON YOUTUBE<\/span>\n <\/div>\n <\/div>\n <\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n<div class=\"modal fade\" id=\"video-modal\" tabindex=\"-1\" role=\"dialog\">\n <div class=\"modal-dialog modal-dialog-centered modal-lg\" role=\"document\">\n <div class=\"modal-content\">\n <div class=\"modal-body p-0\">\n <button type=\"button\" class=\"video-modal-close close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <i aria-hidden=\"true\" class=\"fas fa-times\"><\/i>\n <\/button>\n <div id=\"iframe\"><\/div>\n <\/div>\n <a class=\"text-decoration-none\"\n href=https://www.bitdegree.org/"https:////www.youtube.com//c//CryptoFinallyExplained?sub_confirmation=1\%22\n rel=\"nofollow noopener noindex\" target=\"_blank\">\n <div class=\"modal-footer p-0 d-block bg-white\">\n <div class=\"row justify-content-center m-0\">\n <div class=\"col-3 col-md-4 col-lg-2 p-0\">\n <img class=\"w-100 h-100\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//assets//crypto-subscribe.jpg/" alt=\"Subscribe\">\n <\/div>\n <div class=\"col-9 col-md-8 col-lg-2 px-0 d-flex\">\n <div class=\"modal-subscribe w-100\">\n <p class=\"m-0 mt-1 mr-3\">SUBSCRIBE<br>\n <span class=\"m-0\">ON YOUTUBE<\/span>\n <\/p>\n <\/div>\n <\/div>\n <div class=\"col-12 col-md-12 col-lg-8 p-0 text-center d-flex justify-content-center align-items-center\">\n <div class=\"modal-subscribe-text\">\n <h4 class=\"m-0\">Understand crypto with ease<\/h4>\n <span>New explainer videos every week!<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/a>\n <\/div>\n <\/div>\n<\/div>\n<h2>Coinbase and Binance<\/h2>\n<p>The first method of how you can get free crypto involves <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//coinbase/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Coinbase<\/strong><\/a> <strong>and<\/strong> <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//goon//binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance<\/strong><\/a>. These are the two top-rated and biggest <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//best-cryptocurrency-exchange/">cryptocurrency exchange platforms<\/strong><\/a> in the industry.<\/p>\n<p>Don’t worry, you won’t need to trade cryptocurrencies. Instead, all that you’ll need to do is learn about crypto. In other words, you will <strong>get free crypto for learning!<\/strong> <em>How cool is that?!<\/em><\/p>\n<p><em><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-1.o.jpg/" alt=\"How to get free crypto: Coinbase and Binance.\" width=\"1000\" height=\"552\" \/><\/em><\/p>\n<p>Both Binance and Coinbase have special programs that revolve around users learning about blockchain technology and cryptocurrencies, in general. As you study the material, you will passively earn crypto, straight into your accounts.<\/p>\n<p>This method is awesome simply because you don’t need to buy anything, or spend any of your own <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-coin/">crypto coins<\/strong><\/a> or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">tokens. Instead, all that you need to do is create an account on either Coinbase or Binance <em>(or both, actually!)<\/em> and start learning!<\/p>\n<p>By the end of every subject, you’ll be presented with a quiz. If you manage to answer the quiz correctly, you’ll be credited with some crypto.<\/p>\n<h2>Crypto Mining<\/h2>\n<p>The second method of how you can start earning free crypto is by <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">mining cryptocurrencies<\/a>! <\/strong>Cryptocurrency mining is a process that allows you to earn crypto by <strong>employing your computer to verify transactions<\/strong> happening on the blockchain network.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-2.o.jpg/" alt=\"How to get free crypto: Crypto mining.\" width=\"1000\" height=\"894\" \/><\/p>\n<p>Mining is a great way to earn free crypto simply because you don’t need anything but your computer to get started! You can run a mining program at night, or during the days when you don’t use your computer, and it will generate a passive yield of crypto!<\/p>\n<p>The most popular coin to mine is <strong>Ethereum<\/strong>, and your monthly gains will depend on a lot of different factors - your PC, the price fluctuations of ETH, the cost of electricity, and so on. However, Ethereum will eventually transition to a different governance protocol, which will make it impossible to be mined!<\/p>\n<p>Thus, if you plan to mine crypto for a long time, and maybe even want to invest in the process with some dedicated mining machines, you should definitely look into mining some other cryptocurrencies, too! Either way, it’s definitely <strong>one of the best ways<\/strong> to earn crypto for free.<\/p>\n<h2>Airdrops<\/h2>\n<p>Number three is <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-airdrop/">airdrops. If you’re not familiar with the term, airdrops happen when developers of some sort of a project “drop” some of the project tokens into the wallets of individuals who use their platform.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-3.o.jpg/" alt=\"How to get free crypto: Airdrops.\" width=\"1000\" height=\"417\" \/><\/p>\n<p>The best-known example of a successful airdrop is <strong>Uniswap.<\/strong> When the UNI token launched, Uniswap airdropped these tokens to people who have used their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralized-exchange-dex/">decentralized crypto exchange<\/strong><\/a> application, up to that point in time. The lucky individuals who received the airdrop got 400 UNI tokens, each - as of writing this section, that’s worth more than $4000!<\/p>\n<p>Getting yourself an airdrop is usually very simple. There are lists and calendars out there, that will show you the exact dates when certain airdrops will happen, as well as what you’ll need to do in order to become eligible for one of the drops. In most cases, you’ll simply need to share the project on social media, but sometimes, you might be required to actually use the platform, too.<\/p>\n<p>If you’re looking to get some free crypto, though, this is <strong>a tried-and-true method!<\/strong><\/p>\n<h2>Staking & Yield Farming<\/h2>\n<p>Number 4 method of earning free crypto is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-staking/">staking and <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-yield-farming/">yield farming<\/a>.<\/strong> I’ve decided to combine these processes into one point, since, in many cases, they are going to look very similar, especially for crypto industry newcomers.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-4.o.jpg/" alt=\"How to get free crypto: Staking and yield farming.\" width=\"1000\" height=\"852\" \/><\/p>\n<p><strong>Staking<\/strong> is a process of delegating your crypto coins to a specific <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-staking-pool/">staking pool<\/strong><\/a>, in order for your assets to help confirm the transactions happening on the blockchain. It’s actually a really difficult process, beneath the surface - if you want to learn more, check out the section <strong>\"<a href=https://www.bitdegree.org/"//crypto//learn//what-is-staking-in-crypto/">What is Staking in Crypto?<\/a>\".<\/strong><\/p>\n<p><strong>Yield farming<\/strong>, on the other hand, looks kind of similar, for an outsider looking in - you have some crypto coins, and delegate them to a <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity-pool/">liquidity pool<\/a>. <\/strong>The difference is that, with staking, your crypto confirms transactions, while yield farming allows you to earn free crypto by providing your current assets to boost market liquidity, for a set amount of time.<\/p>\n<p>Though the processes are much more complex than that, but that’s the general idea behind it.<\/p>\n<p>Now, in order to get free crypto from staking or yield farming, you will need to hold some coins, first. The most popular coins to stake include <strong>ADA, ALGO, ATOM, and others. <\/strong>Once you have some coins, you then need to find a staking or liquidity pool, and start earning free crypto! A simple google search should reveal a lot of different pool options. However, always do proper research - not all pools are established and fair!<\/p>\n<p>The best approach here is this - <strong>if it sounds too good to be true, it likely is!<\/strong><\/p>\n<h2>Faucets<\/h2>\n<p>Number 5 method for earning free crypto is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-faucet/">cryptocurrency <\/a><strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-faucet/">faucets. Bitcoin faucets are as old as the cryptocurrency world itself! Faucets have been around forever, and have become one of the most popular methods of how to get free crypto.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-5.o.jpg/" alt=\"How to get free crypto: Crypto faucets.\" width=\"1000\" height=\"296\" \/><\/p>\n<p>A cryptocurrency faucet is a special platform that allows you to earn very <strong>small amounts of crypto for doing certain tasks. <\/strong>You might be asked to complete captchas, solve puzzles, answer questionnaires, and so on. All of the tasks are going to be super-simple, and won’t take long to complete.<\/p>\n<p>Now, I know what you might be thinking - what’s the deal with these faucets? Why would anyone be paying people just to solve a simple captcha?<\/p>\n<p>Well, it’s pretty simple, really! Different cryptocurrency platforms create faucets in order to spread awareness about their project and to help people get started. The small payments that you get from a crypto faucet could cover transactions fees, and help you start interacting with the platform itself.<\/p>\n<p>It’s a <strong>legitimate and old-as-time method<\/strong> to start earning free crypto!<\/p>\n<h2>Crypto Debit Cards<\/h2>\n<p>Number 6 on our list are <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-crypto-debit-card/">crypto debit cards<\/a>. <\/strong>Some certain cryptocurrency platforms, such as <strong>Binance and Crypto.com<\/strong>, have created and issued their own debit cards. These cards can be used in the same manner as any other debit card out there - you may perform purchases almost anywhere with them!<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-6.o.jpg/" alt=\"How to get free crypto: Crypto debit cards.\" width=\"1000\" height=\"503\" \/><\/p>\n<p>Both Binance and Crypto.com have reward programs - in other words, <strong>they will reward you for spending money<\/strong><strong> on certain things.<\/strong> These rewards come in the form of free crypto, credited directly into your account.<\/p>\n<p>So essentially, you will receive free cryptocurrencies simply for spending your money on certain purchases - the same thing that you would do either way! With both platforms being long-time crypto industry veterans, you can be sure that this is <strong>one of the more-effective and popular ways<\/strong> to earn free crypto.<\/p>\n<h2>Using Brave<\/h2>\n<p><strong>Brave is an internet browser. <\/strong>It’s part of a decentralized project that aims to give the power of the internet back to the people.<\/p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-7.o.jpg/" alt=\"How to get free crypto: Using Brave.\" width=\"1000\" height=\"652\" \/><\/p>\n<p>Using Brave, you will be able to earn free crypto, in the form of <strong>Basic Attention Tokens. <\/strong>You’ll receive them for doing just that - using the browser. There are no catches or small print involved!<\/p>\n<p>How can this be possible? Well, advertisers come to Brave and place their ads on the browser. In order to be able to do so, they pay with <strong>BAT tokens.<\/strong> Then, as those ads are displayed to you during your browsing session, you receive BAT for seeing them, so to speak.<\/p>\n<p>While using Brave won’t make you rich, it’s definitely <strong>a great way to get free crypto<\/strong>, without actively doing anything!<\/p>\n<h2>Friend Referrals<\/h2>\n<p>Number 8 on our list are friend referrals. Many high-profile cryptocurrency exchange platforms are going to have <strong>referral programs.<\/strong> So, you register on the exchange, and then receive a <strong>unique referral code.<\/strong><\/p>\n<p><strong><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-8.o.jpg/" alt=\"How to get free crypto: Friend referrals.\" width=\"1000\" height=\"537\" \/><\/strong><\/p>\n<p>Whenever you invite someone, and they register on the exchange with your code, you will receive certain benefits. Sometimes, these benefits include free crypto!<\/p>\n<p>It costs literally nothing to do so! This method of how to get free crypto is especially useful if you already have friends who are interested in cryptocurrencies, in general. They’ll be able to join an exchange, and you’ll be able to receive various benefits for inviting them - it’s a win-win situation!<\/p>\n<h2>Reddit Moons<\/h2>\n<p>Now, the number 9 method of how to get free crypto is a bit of a curveball. It’s not something that you’ll come across often, yet is still considered to be an <strong>underrated approach to free crypto acquisition.<\/strong><\/p>\n<p><strong><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"\" src=https://www.bitdegree.org/"https:////assets.bitdegree.org//crypto//storage//media//how-to-get-free-crypto-9.o.jpg/" alt=\"How to get free crypto: Reddit moons.\" width=\"1000\" height=\"562\" \/><\/strong><\/p>\n<p>The most popular crypto subreddit called<strong> r\/cryptocurrency <\/strong>has a native token associated with it - a token called <strong>MOON.<\/strong> Participants of the subreddit are able to earn MOONs for simply interacting with posts, writing comments, answering questions, and creating discussions, themselves.<\/p>\n<p>While MOONs aren’t likely to make you rich, it’s a really unique way to earn crypto, while being part of the largest cryptocurrency community online. Though keep in mind that “MOON farming” isn’t allowed on this subreddit - if you want to get free crypto, you’ll need to contribute to the conversation, and bring some value to the table!<\/p>\n<h2>Finishing Off<\/h2>\n<p>Lastly, I’d like to stress that you can definitely use all of the methods of getting free crypto that I’ve discussed in this section at the same time! This will compound your potential gains, and help you get more crypto over time.<\/p>","youtube_video":{"id":22,"channel_id":1,"sort":74,"video_title":"How to Get Free Crypto? (Explained with Animations)","description":"How to get free crypto?\n\nIn order to start trading cryptocurrencies, you\u2019ll need to have some crypto in your wallet, in the first place. You could purchase it on an exchange, but you could also simple get free crypto from the various legitimate resources out there!\n\nIn this video, I\u2019ll tell you about the most popular methods of how to get free crypto. All of these methods are tried-and-true, and will be void of any potential scams that might aim to steal your money.\n\nDo you know a unique method of how to get free cryptocurrency? Share it in the comments below!\n\nVideo Time Table:\n\n0:00 Introduction to How to Get Free Crypto\n0:51 Coinbase & Binance\n1:41 Crypto Mining\n2:43 Airdrops\n3:35 Staking & Yield Farming\n4:50 Cryptocurrency Faucets\n5:41 Crypto Debit Cards\n6:21 Using Brave Browser\n7:01 Friend Referrals\n7:35 Reddit Moons\n8:17 Wrap-up: How to Get Free Crypto?\n\nGet Quick Crypto Tips on Twitter - Follow:\nhttps:\/\/twitter.com\/crypto_xplained\n\n#HowtoGetFreeBitcoin #HowtoGetFreeCrypto #BitcoinForFree #HowtoGetFreeCryptoonCoinbase #HowtoGetFreeCryptoonBinance","video_id":"aNjehGx3WqM","duration":527,"view_count":1057,"thumbnail_url":"https:\/\/assets.bitdegree.org\/youtube\/crypto-finally-explained\/how-to-get-free-crypto-explained-with-animations.jpg","thumbnail_width":1280,"thumbnail_height":720,"published_at":"2022-04-19T16:03:03.000000Z","created_at":"2022-04-19T23:00:02.000000Z","updated_at":"2024-01-09T23:00:04.000000Z","channel":{"id":1,"title":"CryptoFinallyExplained","channel_id":"UCOryUY0yxC08eJtK23mNgiA","main_playlist_id":"UUOryUY0yxC08eJtK23mNgiA"}},"featured_image":{"id":3055,"uuid":"5754d3e6-aa4b-4a9d-8c17-d54cea063f14","name":"how-to-get-free-crypto.o.jpg","url":"https:\/\/assets.bitdegree.org\/crypto\/storage\/media\/how-to-get-free-crypto.o.jpg","path":"crypto\/storage\/media\/how-to-get-free-crypto.o.jpg","mime_type":"image\/jpeg","disk":"digitalOceanSpaces","size":96186,"width":768,"height":478,"custom_properties":null,"created_at":"2023-06-19T06:58:36.000000Z","updated_at":"2023-06-19T06:58:36.000000Z"}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","status":"published","modified_content":null},{"chapter_id":2,"order":10,"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","status":"published","modified_content":null},{"chapter_id":2,"order":11,"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","status":"published","modified_content":null},{"chapter_id":2,"order":12,"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":13,"slug":"what-is-luna-crypto","title":"The Bumpy Road of Terra (LUNA)","status":"published","modified_content":null},{"chapter_id":2,"order":14,"slug":"what-is-fantom-crypto","title":"Is Fantom (FTM) Yet Another Ethereum Killer?","status":"published","modified_content":null},{"chapter_id":2,"order":15,"slug":"what-is-aave-crypto","title":"Aave: Crypto Lending Trailblazer","status":"published","modified_content":null},{"chapter_id":2,"order":16,"slug":"what-is-algorand-crypto","title":"Did Algorand Truly Solve the Blockchain Trilemma?","status":"published","modified_content":null},{"chapter_id":2,"order":17,"slug":"what-is-olympus-dao","title":"Does Olympus DAO Have Anything to Do With Mythology?","status":"published","modified_content":null},{"chapter_id":2,"order":18,"slug":"what-is-avax","title":"Is Avalanche Network (AVAX) Rightfully Called the Future of DeFi?","status":"published","modified_content":null},{"chapter_id":2,"order":19,"slug":"what-is-monero-coin","title":"Monero: Where Cryptocurrency Meets Cryptography","status":"published","modified_content":null},{"chapter_id":2,"order":20,"slug":"what-is-ripple-xrp","title":"Is Ripple \"it\" When it Comes to Cross-Border Transactions?","status":"published","modified_content":null},{"chapter_id":2,"order":21,"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration Date","status":"published","modified_content":null},{"chapter_id":7,"order":8,"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":9,"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","status":"published","modified_content":null},{"chapter_id":7,"order":10,"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":11,"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","status":"published","modified_content":null},{"chapter_id":7,"order":12,"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","status":"published","modified_content":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-analysis.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-analysis-101.jpg","rating":100,"sections":[{"chapter_id":8,"order":1,"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","status":"published","modified_content":null},{"chapter_id":8,"order":2,"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","status":"published","modified_content":null},{"chapter_id":8,"order":3,"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","status":"published","modified_content":null},{"chapter_id":8,"order":4,"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","status":"published","modified_content":null},{"chapter_id":8,"order":5,"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","status":"published","modified_content":null},{"chapter_id":8,"order":46,"slug":"portfolio-diversification-definition","title":"Portfolio Diversification: The Whats, the Whys, and the Hows","status":"published","modified_content":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-mining.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-mining-101.jpg","rating":80,"sections":[{"chapter_id":9,"order":1,"slug":"what-is-crypto-mining","title":"Crypto Mining: What It is and How Does It Work?","status":"published","modified_content":null},{"chapter_id":9,"order":2,"slug":"what-is-a-mining-pool","title":"Mining Pools: Is Collective Mining Better Than Solo Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]" current-chapter="trading-and-investing" current-section="how-to-get-free-crypto">

Learn to gain real rewards

New Courses Announced

Most Secure Wallets To Start With

Exclusive Crypto Deal List of 2023

Learn to gain real rewards

New Courses Announced

Most Secure Wallets To Start With

Exclusive Crypto Deal List of 2023

Collect Your Rewards

Unlocked: Crypto Handbook!

Grab Binance $600 Bonus

My Learnlist: Coming Soon!

Web3 Exam: Starter

Web3 Exam: Explorer

Web3 Exam: Evangelist

All Crypto From

Scratch!

Crypto 101 Handbook

How to Get Free Crypto Assets?

Video Explainer: How to Get Free Crypto Assets?

Coinbase and Binance

Crypto Mining

Airdrops

Staking & Yield Farming

Faucets

Crypto Debit Cards

Using Brave

Friend Referrals

Reddit Moons

Finishing Off

Top Cryptocurrencies

Top Spot Exchanges

Buy Crypto

Top Reviews

Crypto Guides

Project