Top Trader Mike Jenkins Reveals The Best Ways to Earn Free Bitcoin and Crypto
In the recent video, the famous crypto strategist Mike Jenkins from Coin Bureau unveils the best ways to get free crypto without spending a cent.
The first strategy on the list is via Bitcoin faucets, platforms that reward users with free crypto once you complete certain tasks.
“A Bitcoin faucet is a reward system, in the form of a website or software app, that dispenses rewards in the form of a satoshi, which is worth a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website”.
Yet, it appears participants won’t make a ton of money using these, and people said the same thing back in the day when Bitcoin faucets paid a mere Bitcoin.
According to the trader, Cointiply is probably the best faucet he has come across.
Airdrops & Bounties
“Airdrops are a kinda marketing stunt which involves sending tokens to wallet addresses to increase the awareness of a new crypto, stimulate trading and to increase the circulating supply”.
Meanwhile, bounty airdrops are rewards for executing straight-forward social media tasks like joining a TG group or reposting stuff on Twitter.
Bounties are actually part of some project’s marketing strategy. Jenkins further clarifies: “Basically, if you complete tasks like referring friends on TG, quote tweets and things like this, you’ll be in line for some free crypto”.
Gaming itself is an immersive distraction, and for gamers, the more addictive a traditional game is, the more time and money the gamer invests into it. DeFi offers gamers a novel method of compensation through blockchain-based tokens and other rewards powered by an impressive armory of decentralized mechanics.
“The mechanisms of DeFi enable blockchain games to provide players with different ways to make it worth their while and earn rewards. This growing proliferation of monetary benefits is a point of growing interest”.
Currently, Jenkins shares that he is playing TownStar and Lost Relics.
Besides those aforementioned strategy, the crypto KOL also shares about Coinbase Earn, where users get quick educational courses on specific cryptos and earn rewards, or Reddit Moon, where cryptocurrency subReddit users contribute to community and earn free crypto.
Meanwhile, Binance Earn and Card is ideal for those that already have some crypto and want to use it to get more for free.
“You could supply crypto on Binance and earn interest or you could get a snazzy Binance Visa card and earn up to 8% cashback on purchases”.