First off, what is Cryptocurrency?
Cryptocurrency is a form of digital or virtual money which uses cryptography for security. This technology makes it nearly impossible for counterfeit or double-spend transactions. Its fundamental features are anonymity, which allows users to conduct transactions without disclosing their identities, and decentralization, which means there is no single authority in charge of it. In contrast to conventional money, it functions independently from a central bank and is generally decentralized through the utilization of blockchain technology.
How does it work?
A blockchain is a type of decentralized digital ledger that records cryptocurrency transactions. This ledger guarantees security and transparency and is available to all users. Cryptography is a tool used by cryptocurrencies to manage the generation of new units, secure financial transactions, and validate asset transfers.
Is earning FREE cryptocurrency possible?
Yes. There are actually several legit ways to earn free cryptocurrencies online. All you need to do is to be always on the look out for opportunities and get involved.
By the word FREE, it means you don’t necessarily have to take out anything from your pockets. All you need to give is your time and effort by doing simple tasks such as engaging in social media, creating contents, participating in contests, trying out platforms and tools, and many more. Some of them even give away just by your transaction history and activities in the cryptocurrency world.
Your Must-have tools
Before I give the game away, gear yourself up first with some necessary tools. Great if you already have all of these, otherwise get them as soon as possible.
Crypto Wallet
A crypto wallet is a software application or hardware tool that lets users manage their digital currencies. It is also referred to as a digital wallet or a cryptocurrency wallet. It functions as a virtual wallet that stores the public and private keys needed to access and transact with cryptocurrencies. In order to guarantee the integrity and security of a user’s digital assets, these keys are essential.
There are several types of cryptocurrency wallets on the market, each with unique features and security levels. The most popular varieties include hardware wallets, web wallets, mobile wallets, and desktop wallets.
Check this out! The Five Best Crypto Wallets in 2023!
Exchanges and other crypto platforms
Cryptocurrency exchanges are privately held businesses that allows users to trade cryptocurrencies for other digital assets, such as NFTs and digital and fiat currencies. It is important that you have an account on all major crypto exchanges. Some exchanges offer features that allow users to earn interests, commisions, referral bonuses, and many other rewards.
Check this out! The Five Best Cryptocurrency Exchanges in 2023!
In today’s professional world, email has become an essential tool for communication. This is where you can receive updates and other information from crypto projects, as well as send inquiries and required details to them. You will also need an email in creating accounts on platforms such as exchanges, social media and other useful tools.
Gmail is the best option as it is the most popular and trusted web-based email service provider. You can create a separate account solely for cryptocurrency related activities.
Social Media Accounts
Platforms such as Facebook, Instagram, Twitter, and LinkedIn are one of the social media mostly used by crypto or blockchain projects for marketing and promotion purposes. This is also where they conduct tasks for participants to perform, for the purpose of spreading awareness.
Instant Messaging Apps
Two of the most widely used messaging apps among cryptocurrency aficionados are Telegram and Discord. These platforms provide a confidential and safe means of communication for members of the cryptocurrency community. Aside from social media, these messaging apps come in handy as this is where crypto projects also disseminate updates and other information. People can send their inquiries and questions, and get instant response straight from the team.
Cryptocurrency (Optional)
Several giveaways require users to test their cryptocurrency exchange, swaps, or other platforms. Therefore, this will require you to have some funds in your wallet or exchange account.
Some would also require users to hold a particular cryptocurrency in their own wallet in order to receive new tokens. This will not only give you a chance to earn new cryptocurrencies, but also a chance to grow your investment if both of the cryptcurrencies do well in the market.
How to Earn FREE Cryptocurrency?
Finally, you already have some idea of the tools you need and their purposes. We can now jump into how to earn FREE cryptocurrency. In our next article, we will give you a tour on what really is it, why is it exisiting, and some history that will prove this method can potentially make you rich.
Next Article: A Legit Way to Earn Crypto for FREE!
