How to Get Crypto Without Investments

There are lots of different ways to earn your first crypto without investments. In this article, we discuss 2 of those methods: airdrops and bounties.

What are airdrops and bounties

Airdrop is the free distribution of tokens or cryptocurrencies to new users. Typically, this occurs within the context of an ICO (Initial Coin Offering) or other cryptocurrency-related projects. Airdrops are a way to attract attention to a project and increase its popularity.

Bounty is a rewards program for project participants who complete specific tasks. These tasks can include testing, writing articles, reviewing products, and more. Participants receive rewards in the form of tokens or cryptocurrency.

Both types of programs have their advantages and disadvantages. Airdrops can attract new users and enhance project visibility, but they don’t always guarantee profits. On the other hand, bounties allow participants to earn rewards for completing tasks but require effort on the part of participants.

Risks of airdrops and bounties

We’ve accurately summarized the risks associated with the Airdrop and Bounty projects.

Risks of Airdrop Projects

1. Low Token Value: Tokens obtained through Airdrops can have low value, and their prices may significantly drop after being listed on exchanges.
2. Forgery and Fraud: Some Airdrop projects may be fraudulent, attempting to collect personal data from participants or offering fake tokens.
3. No Guaranteed Profits: Participation in Airdrops does not guarantee a profit, and the tokens received may turn out to be worthless.

Risks of Bounty Programs

1. Uncertain Payouts: Rewards in Bounty programs may depend on the successful completion of tasks, and sometimes they can be delayed or not paid at all in case of issues.
2. Fraud: Some projects may exploit Bounty programs to obtain free services or create an illusion of activity without intending to pay rewards.
3. Rule Changes: Projects can alter the rules of the Bounty program during its course, which may affect participants’ expectations.
4. Reputational Risks: Bounty program participants may be associated with the project, even if it becomes scandalous or fraudulent, which can damage their reputation.

Always remember, to participate in Airdrop and Bounty projects, it’s crucial to conduct thorough research to ensure the project’s reliability and clarity of payout rules.

How to Get Crypto Without Investments

If you want to receive airdrops or bounties, you should follow a few initial steps. Here is a comprehensive guide on how to obtain Airdrop cryptocurrency:

1. Stay Informed: Many Airdrop projects announce their distributions on social media, blogs, forums, and their official websites. Subscribe to their social media channels and newsletters to stay updated.
2. Check Cryptocurrency Exchanges: Some Airdrop distributions occur through cryptocurrency exchanges. Periodically check the “Airdrops” or “Airdrop Campaigns” sections on exchanges where you are registered.
3. Join Communities: Join official project groups and communities on social media or messaging platforms like Telegram or Discord. Many Airdrop distributions require participation in social activities like reposts or retweets.
4. Follow the Requirements: To receive an Airdrop, you must fulfill specific conditions, which may include registering on the project’s website, subscribing to their social media, completing identity verification, and more. Ensure you’ve completed all necessary actions.
5. Protect Your Personal Data: Exercise caution when providing personal data. Do not share confidential information unless you are certain about the project’s trustworthiness.
6. Use Wallets: Make sure you have an appropriate cryptocurrency wallet where Airdrop tokens can be sent. Sometimes exchanges do not participate in Airdrop distributions, and tokens are sent to your personal wallet.
7. Be Cautious: Unfortunately, there are many fraudulent Airdrop projects. Be vigilant and beware of suspicious projects that request personal data or substantial cryptocurrency contributions.
8. Verify Legitimacy: Before participating in an Airdrop, conduct independent research to confirm the project and distribution are legitimate.

Remember that Airdrop distributions may have limited timeframes and availability, so it’s essential to act promptly if you’re interested in participating.

Requirements for participation in both Airdrop and Bounty programs may differ slightly. While Airdrop programs often require minimal effort, the potential earnings in Bounty programs depend on how active and influential your account is. Therefore, for Bounty programs, it’s advantageous to have:

1. Facebook and Twitter Accounts: Ideally, these should have a substantial number of followers. Active social media accounts can increase your chances of earning more tokens.
2. Personal Blog or Website: Having your own blog or website dedicated to cryptocurrency where you can publish the required materials can be beneficial.
3. Basic English Language Skills: Some Bounty tasks may involve communication and task completion in English, so having at least basic proficiency can be helpful.

By actively participating in such programs, be prepared to accumulate various cryptocurrencies in your wallets. The future prospects of these tokens can vary widely: some may experience significant price increases, while others may never make it to the market.

It’s important to note that projects can fail, and you may end up with no significant rewards. Some tokens may experience rapid price growth within days, while others may remain at low prices for an extended period.

Summary

Participating in Bounty and Airdrop programs is a good way to earn extra income without requiring any financial investments. These programs appear in the market quite frequently, so if you’re interested, you can always earn some extra money through them.