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What are some legitimate ways to earn free cash through cryptocurrency in 2021?

avatarDanish Abyan PratistaDec 16, 2021 · 3 years ago4 answers

In 2021, what are some legitimate ways to earn free cash through cryptocurrency? I'm interested in finding out how I can make money without investing any of my own funds. Are there any specific strategies or platforms that I should consider?

What are some legitimate ways to earn free cash through cryptocurrency in 2021?

4 answers

  • avatarDec 16, 2021 · 3 years ago
    One legitimate way to earn free cash through cryptocurrency in 2021 is by participating in airdrops. Airdrops are essentially free tokens or coins that are distributed by blockchain projects to promote their platform. By signing up for airdrops and completing certain tasks or requirements, you can receive free tokens. Keep in mind that not all airdrops are worth participating in, so it's important to do your research and only join reputable projects. Additionally, you may need to hold the tokens for a certain period of time before you can sell or trade them for cash.
  • avatarDec 16, 2021 · 3 years ago
    Another way to earn free cash through cryptocurrency is by participating in bounty campaigns. Bounty campaigns are similar to airdrops, but instead of receiving free tokens, you earn rewards for completing specific tasks such as writing articles, creating videos, or promoting a project on social media. These rewards are often paid in the project's native tokens, which can be sold or traded for cash. Bounty campaigns can be a fun and rewarding way to earn free cash, but it's important to be cautious and only participate in legitimate campaigns.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi is a popular decentralized finance (DeFi) platform that offers various ways to earn free cash through cryptocurrency. Users can participate in liquidity mining, yield farming, and staking to earn rewards in the form of tokens. These tokens can then be sold or traded for cash. However, it's important to note that DeFi platforms can be risky, and it's crucial to do your own research and understand the risks involved before participating. Additionally, always use caution and only invest what you can afford to lose.
  • avatarDec 16, 2021 · 3 years ago
    One strategy to earn free cash through cryptocurrency is by participating in referral programs offered by cryptocurrency exchanges. Many exchanges have referral programs where you can earn a commission for referring new users to the platform. This commission is often paid in the form of the exchange's native tokens or a percentage of the trading fees generated by your referrals. By sharing your referral link with others and encouraging them to sign up, you can earn free cash without investing any of your own funds.