16 Easy Ways To Score Free Cryptocurrency
Posted On March 24, 2022
Get in on a Free Airdrop
When holding an initial coin offering (ICO) to launch a new crypto coin, companies will sometimes offer some of those coins for free in what is known as an airdrop. If you can get in on the airdrop, developers may send some free crypto directly to your wallet.
To qualify, you might need to sign up for the company’s newsletter, follow it on social media, or share the airdrop event with your friends. You can learn about airdrops on sites like airdrops.io or CoinMarketCap’s airdrop page.
Participating in airdrops carries significant risk, however. For one thing, the coin you receive might never take off, making it ultimately worthless and not worth the effort of pursuing the airdrop.
But more importantly, there are many airdrop scams online, so be careful about sharing any sensitive information. Even if you find an airdrop opportunity on a trusted site, it’s important to do your due diligence and confirm its legitimacy before participating.
While there are legitimate ways to earn free cryptocurrency, it’s always important to proceed with caution. Make sure you trust the source before sharing any sensitive information and don’t invest more than you can afford to lose.
Cryptocurrency is pretty much always a volatile investment, and it can be especially risky when you’re purchasing new altcoins. And if you’re not able to trade your free cryptocurrency on a major exchange, it might not be worth the effort.
Finally, don’t forget that cryptocurrency earnings are typically treated as taxable income, so keep a record of your investments ahead of tax season. By tracking your crypto holdings, you can help ensure that your assets are earning you more money than they’re costing you.
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