When you’re looking for an alternative to bitcoin, chances are that Vitalik Buterin’s cryptocurrency is the first one to come to your mind. Because there are so many projects that use Smart Contracts and build their token on his blockchain. In this article, I’ll give you the best ways to earn free ethereum in 2020.
My 3 favorite methods to earn ethereum for free
While I’m going to tell you how to get free ETH, you could easily save time and buy ethereum. Or you could set up a miner and learn about mining. Because these two solutions are worth it: You’d get a lot more.
LEARN MORE ABOUT CRYPTO (AND FREE STUFF)
But if you can’t afford to spend money right now, I’ve got you covered. Indeed, I’ve never bought ETH. I earned it the hard way – with my time and with my blog. I’ve tried to find websites that offer high payouts. Along the way, I’ve been scammed and I wasted a lot of time and energy.
But I also learned a lot. And today, I’m sharing with you only the best of the best ways to get free ethereum. So you won’t waste any time. And you won’t be disappointed after grinding for months on a site.
When you have no money and no knowledge about digital assets, this is where you start. Because it’s the easiest way to earn free crypto (BTC, ETH, DOGE, LTC, etc.).
A free ethereum faucet is a platform that allows users to claim a certain amount of ETH for FREE. See, all you have to do is ask and you get it!
This money comes from the ads you watch on the platform. Some advertisers paid to place their products and services there. And the webmaster gives users a commission for their attention. It’s a win-win situation.
Are you ready to get started? Here are my favorite ETH faucets:
These are, from experience, reliable. And I can vouch for them. But you should not forget to withdraw your earnings from time to time. While there may be benefits to keep your tokens on the platform, like interests, you should store them in your wallet.
Now, if you wonder what ether faucet to choose, I’d recommend signing up for all of them. And then, plan a routine to visit them a few times a day. Because you can’t claim all the time. And you only get a small amount each time. So, you should maximize your schedule!
Even when you don’t invest in crypto, the market’s volatility impacts your earnings. Because the rewards are indexed on the US dollar. So, you should claim more often when ETH goes down and the amount of the reward goes up!
I mentioned that above quickly. But this method will depend on your level of risk aversion. Indeed, you may rather store your crypto on a cold wallet like Trezor or Ledger. But then your money’s sleeping.
I’d rather have my money work for me to get a real passive income. That’s why I always move my earnings to my interest accounts as soon as I can. I’ve been using two providers to mitigate the risks:
They’re in no particular order: They offer similar rates. And they both use a reliable custodian (the entity in charge of your money). While I earn less with interests, for now, in the long run, I should be able to make much more! And without spending my time claiming on faucets…
It’s a topic I’ve already covered here. But my goal in this section is to tell you how to get free ethereum with crypto airdrops.
First of all, it doesn’t work with all the airdrops – only the ones that use the ethereum blockchain. But the good thing is that most of them use ERC-20 tokens!
So, the process is this one:
- Claim your free tokens (follow the project’s instructions)
- Receive your tokens
- Exchange your tokens for ETH
As you can see it’s straightforward. And the amount of free ethereum will depend on the exchange rate of the tokens. If you decide to go with this method, you’d better convert your tokens to free ETH as soon as possible. Because most tokens crash hard after you get them…
That’s it for me today, thanks for your attention! And I hope you have now the knowledge to earn free ethereum instantly. The only thing left for you is to implement one or all of these methods.
I’d recommend you to start with faucets and visit them every day. Then, when you reach the withdrawal limit, you should transfer your funds to a savings account. And this will allow you to earn weekly/monthly interests.
Finally, you could join crypto airdrop campaigns to collect free tokens. And you could then convert these tokens into ethereum. But this solution will require to learn about new projects and to complete many different tasks.