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How to get started in crypto without investments?! (Full guide for beginners)

How to make money from cryptocurrency without investing.

By Iyokho OsaretinPublished 2 years ago 3 min read
How to get started in crypto without investments?! (Full guide for beginners)
Photo by Mathieu Stern on Unsplash

One of the most pressing questions is how to make money from cryptocurrency without investing. After watching numerous YouTube videos and reading countless articles, I've identified three popular and straightforward ways to earn from crypto without any initial investment.

Method 1: Airdrops

An airdrop is the distribution of a project's tokens for performing simple tasks like subscribing to social networks, using the project's blockchain, reposting content, and more. Companies use crypto airdrops as a marketing strategy to promote their projects. Users receive tokens or coins and, in return, share information about the project on social media, attracting more users.

For example, the Uniswap project distributed 400 UNI tokens to each user who made at least one transaction on the platform. At the time, these tokens were worth approximately $1,300, and a year later, their value could rise to about $11,000 from just a simple transaction. However, there are also unsuccessful projects and fraudulent activities, so careful analysis is essential to find valuable crypto projects.

Types of Airdrops

1. Standard Airdrops: Users receive cryptocurrency for free by completing simple tasks such as subscribing to social networks, sharing project information, or registering on a website.

2. Holder Airdrops: These are given to holders of a specific cryptocurrency.

3. Hard Forks: These occur when a blockchain splits into two, and new tokens are distributed to holders of the original cryptocurrency. An example is the split of the Bitcoin network and the emergence of Bitcoin Cash.

4. Bounty Airdrops: Rewards are provided for completing certain tasks such as creating content, participating in discussions, and promoting the project on social networks. These often require an existing audience on social media.

How to Participate in Airdrops

1. Create Crypto Wallets: There are two types of wallets—cold (offline) and hot (online). Hot wallets are usually more convenient for airdrops. Popular wallets include Metamask and Trust Wallet.

2. Create Social Media Accounts: Active social media pages with real followers are necessary. Creating separate accounts for this purpose can help maintain privacy.

Finding Airdrop Projects

1. Reading Magazines and Telegram Channels: Use Google or YouTube to find cryptocurrency magazines and Telegram channels.

2. Special Search Services: Services like CoinMarketCap Airdrops and Airdrops Tab provide information about upcoming airdrops, including project details and timelines.

Method 2: Crypto Bots in Telegram

Crypto clicker games on Telegram, like Hamster Combat and T Swap, are popular ways to earn money. These games involve repeatedly clicking on the screen to perform actions and achieve goals such as collecting resources or improving characters. Players can earn money by clicking, developing their accounts, and selling coins for real money.

For example, Not Coin allowed many participants to earn from $100 to $11,000, and some even earned tens of thousands of dollars by simply clicking on the screen.

How to Make Money with T Swap

1. Collecting Coins: The primary way to earn is by collecting coins with each tap on the screen.

2. Completing Tasks: The app offers various tasks that provide additional coins, such as watching ads or subscribing to channels.

3. Free Boosts: Special boosts can be purchased to increase rewards, contributing to faster coin accumulation.

Once the token is listed, users can withdraw their coins and start trading on exchanges. However, be cautious of scams and check the project's partnerships, mentions in reputable magazines, and information about the development team.

Conclusion

Earning from cryptocurrency without investments is possible through methods like airdrops and crypto bots in Telegram. While these methods involve some risks and require careful project analysis, they offer a way to earn substantial amounts with dedication and participation.

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