How To Earn Cryptocurrency For Free?

If you're just starting off learning about cryptocurrencies and you want to dive into the scene without spending a single dime into the market, then you actually do have quite a few options. Everything from faucets, social networks to watching videos. There are many ways to earn Bitcoin and more without asking for donations or gifts from friends.

I'm sure you have heard of more popular coins like Bitcoin, Ethereum, maybe even Dogecoin. Yet not so popular coins or tokens like MINDS (an Ethereum token) can also help you generate revenue. First, here are some free traditional ways of earning crypto on the web.

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Faucets

Cryptocurrency faucets are very popular for people who have no money and want to enter the cryptocurrency market. A cryptocurrency faucet is a website that gives you free cryptocurrency for viewing advertisements. It's a very slow process but the earnings are consistent so long as you are consistent and don't mind spending about a minute to collect a 'reward'.

There is only one site I truly trust when it comes to Bitcoin faucets and that is FreeBitco.in. FreeBitco.in offers a referral system, a dice game, a lottery system, and a chance to win $200 from your free claims! We also support their Dogecoin Faucet as well who has some similar features! 

Click below to earn free cryptocurrency from our recommended Faucets:

FreeBitco.in

Social Media

Did you know you can earn cryptocurrencies just by being an active member of some social media sites like Minds & Steemit? On Minds, you don't need to have a lot of influence, instead, you just need a lot of activity on your content such as upvotes, comments, and reshares to generate more Minds Tokens. On Steemit, you can earn Steem, Steem Power, and Steem Dollars (Steem and Steem Dollars are two distinct cryptocurrencies) from upvotes. The more influential a particular user is who upvoted you, the more likely you'll earn greater rewards from the Steem pool. Although the Minds token isn't as popular as Steem, you can use a Decentralized Exchange like ForkDelta to sell your cryptocurrency.

We think you should check them out especially if you're an active blogger or an active social media user. It's better to make these accounts with other friends so you can support each other. On Steemit, competition is very strong, and getting the attention of powerful influencers can be quite difficult at times.

Video / Video Archiving

Just like earning on social media sites you can also earn cryptocurrency by hosting videos, or posting videos on the blockchain, or even getting compensated for watching videos. Every video hosting site has their own way of doing things. LBRY is an archiving service where you download other people's videos and support the network by hosting those videos. You can also upload videos on Minds.

There are a lot more reliable and trustworthy options today than there were a few years ago. Plenty of new sites coming out with cryptocurrencies being a main feature in the site and some Dapps are really competitive and directly targeting popular sites like Facebook, Twitter, etc. You should definitely check them out and try em. No harm in doing so.

As always please be wary of fraudulent practices and do not share out addresses and private keys!

(This article has been revised on August 16th, 2020)

Litecoin Rewards Halving In A Few Months

Litecoin rewards are scheduled to be halved from 25 LTC to 12.5 LTC, its an expected halving of the cryptocurrency, which halves every 840k blocks. Analysts suggest that the scarcity coming from the hack may result in the price booming to a generous $150 USD.



Litecoin at the time of this writing is priced at approximately $81.30. Roughly around the same time last year, the price of Litecoin was $127.50; A 47% loss from April 16, 2018. The 5-year chart shows Litecoin at 13.30$ on April 16, 2014, when Cryptocurrency was more of a fringe community of traders and enthusiasts; A more than 950% gain (5 years).

Litecoin has reached one of its highest peaks on April 8th, 2019 at 329.43TH/s. Please visit their website to learn more about Litecoin and Blockchain technology. Litecoin is scheduled to be halved around August 6, 2019.

Cryptopia Silent After New Zealand Police Permits Reopen

New Zealand Police has allowed the Cryptopia team to reopen after a major hack breached their cryptocurrency trading website, however, the team has stayed silent. It was one of the first major Cryptocurrency hacks of 2019.

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How To Earn Cryptocurrency For Free!

Cryptopia was hacked mid-January which resulted in the total loss of over $16 Million worth of Ethereum, and Ethereum Tokens, as it was siphoned from thousands of wallets from users on Cryptopia. Experts suggested a loss at an amount upwards of $23 million. A major wallet, suspected to be the hacker, currently has almost $4 Million in one wallet, while the bulk of the money has been transferred to cryptocurrency exchanges like Bitbox, and a decentralized exchange known as Ether Delta. Binance also was another exchange where the hacker wanted to transfer their funds but it was rejected by Binance.

New Zealand Detective Inspector, Greg Murton, reportedly said that New Zealand Police are not hampering Cryptopia's ability to resume operations and enabling everyone's accounts. The hack lasted roughly 2 weeks, and it seems to be under control. Murton has yet to speak on about if they have found the hackers, or if there are any charges that will be pressed on anyone. Cryptopia's Twitter account has yet to mention anything regarding the case, they have only suggested to keep up with the New Zealand Police updates which it does leave a big question. 

If NZ Police are permitting Cryptopia to resume operations, then why has Cryptopia stayed silent?

Let us know what you think.

Cryptocurrency Exchange, Cryptopia, Hacked?

A well known Cryptocurrency exchange, Cryptopia, started off the new year rough within the last few days as it has been under an "unscheduled maintenance" after employees realized that foul play occurred on their platform. Millions of dollars worth of Ethereum were also transferred out of Cryptopia to unknown wallets. Cryptopia was quiet about the situation until recently.

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Days Before Security Breach Announcement

Reports first broke out on social media that Cryptopia was down around 2-3 days ago. Lots of worried customers, and observers were trying to make sense of the situation, and were concerned about the integrity of the site itself. Cryptopia made an announcement that the site was down for unknown reasons, and that also during the Ethereum hard fork they recommended to their customers to withdraw their ethereum.

Did #Cryptopia really just recommend customers withdraw their coins?https://t.co/r8gxDWtoCr

— Nicholas Leduc (@nick_leduc) January 11, 2019

@Cryptopia_NZ please explain what’s going on with your site, all markets are paused. Communication is key guys!!#cryptopia

— Mr Crypto (@cryptonitewhale) January 14, 2019

We are currently experiencing an unscheduled maintenance, we are working to resume services as soon as possible. We will keep you updated.

— Cryptopia Exchange (@Cryptopia_NZ) January 14, 2019

Transfers From Cryptopia & Acknowledgement

After news that Cryptopia had suggested to all their users to withdraw ETH we have seen some movement, identified from @whale_alert on Twitter. Major transactions exceeding $1 million began occurring on January 13th. Cryptopia acknowledged a greater issue and stated that their systems were breached and that they suffered "significant losses". No further information was given to the public.

19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet

Tx: https://t.co/xTxMKRJSD8

— Whale Alert (@whale_alert) January 13, 2019

48,029,306 #CENNZ (1,176,596 USD) transferred from #Cryptopia to Unknown wallet

Tx: https://t.co/u3RiHh7riT

— Whale Alert (@whale_alert) January 13, 2019

pic.twitter.com/0ZwqFfwwHi

— Cryptopia Exchange (@Cryptopia_NZ) January 15, 2019

Cryptopia is in direct contact with government authorities regarding this security breach and is receiving assistance in how to proceed further with this matter. Cryptopia has been in full compliance with authorities thus far.
Follow us on Facebook to get the latest confirmed updates from our community! Our expectations are that we should receive an update from Cryptopia within 1 month regarding company funds.

Comments From Editor: During times like this serves a perfect example of maintaining a secure desktop wallet or paper wallet and having your coins backed up. Don't ever leave large amounts of cryptocurrency on major exchanges for very long. Many of our readers have been affected by these recent events, please consider diversifying your portfolios further and secure your coins to prevent future major losses! *this is not investment advice (legal requirement)*

CEO Of Steemit, @Ned, Withdrew A Massive Amount Of Money

The CEO of Steemit, @Ned, just withdrew over 1.5 Million Steem to Bittrex, as he powered up 1 Steem with the message "moving / hiding all my cryptocurrency". This comes after a rocky hardfork of the Steem blockchain and a massive, over 60%, cut of the Steemit workforce.

Currently, Steem is ranked 51st of the most valuable cryptocurrencies (according to CoinMarketCap).

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Steemit, for those who don't know, is a website that is a decentralized application (Dapp) where you can earn rewards for getting upvotes on content you create (such as blogs, music, videos, photography, etc).

It's not often we see major transfers of money from Ned to exchanges but 1.5 million steem equates to roughly $400k USD which has made a lot of people wonder about the integrity of the Steem ecosystem. A lot of Steem and SBD (Steem Backed Dollars) investors are worried about Ned's recent actions and some members of the community are very upset with how Ned is handling the situation.

The development team on Steemit has actually improved their communication recently by allowing pinned posts to important updates to the Steemit site and API's which is a well received feature for most people.

Steem Block: 29,239,243
Ned Transacted exactly 1,543,650 Steem = $ 398,672.31 USD at the time of this post.

Do you have any Steem? Do you plan on leaving after Ned's recent actions? Comment below!

Expanding Bitcoin and Altcoins Articles

We are thinking of expanding into Bitcoin topics on our blog as time goes on, we've also included new ads on our website by a-ads. Currently, we've been experimenting with different Bitcoin services to try and make a stable form of income. We will also share articles about ways to earn Bitcoin easily for free, please subscribe to what we find!

Currently we are experimenting with this app to learn *free Bitcoin overtime, available for Android! Be sure to have a Bitcoin wallet to start saving!
Please use our referral link!

*It's a bitcoin faucet, using ads to generate revenue; like all faucets be cautious, and read reviews! We are not associated with the developers.
This app is available within the Google Play Store,and met the requirements by Google (Alphabet).