Getting crypto generally involves signing up at an exchange and connecting a bank account. However, there are numerous ways to get crypto without even opening a trading account.
Getting crypto is a great way to build up and diversify your portfolio. You also get to learn more about new crypto projects in the process. Here are some of the simplest ways to get crypto without having a trading account.
1. Earn by Learning
Platforms like Coinbase will pay you in crypto to learn about new cryptocurrencies. All it takes is visiting their site, watching explainer videos, or reading a few articles, and answering questions about what you learned. Don’t worry, the questions are simple with multiple-choice answers. While the amount of crypto you earn may not be worth alot today, it is a great way to get into a new project early which can pay off later.
You can also earn crypto on CoinMarketCap. Like Coinbase, you will need to watch videos on different crypto projects and then complete a quiz about what you learned. Generally, the amount of crypto earned is a small amount, however, it is an opportunity to discover new projects and become part of their community early on.
2. Surveys and Micro-Tasks
Different websites allow you to take surveys or do micro-tasks and receive rewards in cryptocurrency. For surveys, you usually need to go through a pre-qualification process. If you are a good fit, you can take the survey and earn crypto rewards.
For micro-tasks, you can earn crypto for testing out new products, playing games, and even watching ads. Actual tasks vary from one platform to the other, but they are easy and, in most cases, only take a limited amount of time.
Popular survey and micro-task sites that pay in crypto include InstaGC, Surveytime, Cointiply, and Offer Nation.
3. Get Paid in Crypto for Freelance Work
If you are a freelancer that works as a remote website developer, copywriter, or even a photographer. All you need is a crypto wallet to start accepting your payments in the form of digital currency. There are different wallets required to hold different digital currencies, but most wallets hold major coins like Bitcoin and Ethereum. Getting paid in crypto is as simple as copying and sharing your wallet address with your clients.
While getting paid in crypto might be riskier than receiving a check or cash, given the highly volatile nature of these digital assets, it also has many benefits. For example, there are lower costs for receiving crypto payments as transactions are often instant, and there is no risk of getting chargebacks from clients. Additionally, by accepting payments in cryptocurrency, there is the potential for your payment appreciating in value.
4. Crypto Exchange Sign Up and Referral Bonuses
Crypto exchanges will use incentives like sign up and referral bonuses to attract users to their platforms. Although these bonuses might not be very lucrative, they are still a great method for earning crypto.
Some of these exchanges might require you to sign up on their platform or go through other actions to get the bonuses. Therefore, it is essential to understand what the site requires before using this method to earn crypto.
It is also important to note that some of these bonuses will only be useful for buying crypto from the exchange platform. This means you may still need to trade to earn the bonus.
5. Monetizing Your Unused Internet Bandwidth
Most households have an internet connection but only use a small fraction of their bandwidth. Now it is possible to connect to the PKT Network and convert your unused internet bandwidth into PKT Cash every 60 seconds. This is a great way to accumulate cryptocurrency without minimal effort. PKT is free-to-use software that you can download on almost any internet-connected device. The technology is safe and reliable, and your data is not exposed to anyone. Once you have PKT Cash, you can trade it into any local currency and use it to pay your bills. The PKT community is currently developing other use cases for the currency including VPN, WiFi Sharing, and getting internet access without requiring a traditional internet service provider.
Bottom Line
Investing in cryptocurrency using an established cryptocurrency exchange is the most widely used way to acquire crypto. But now you have some ideas for how to earn crypto without connecting your bank account to a cryptocurrency exchange. Additionally, earning free crypto is a great way to build your portfolio and discover new projects with minimal effort. Or you can monetize your internet and get paid for connecting the unused bandwidth you already pay for to the PKT Network
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
