Buying assets with fiat money is the most straightforward way to invest in cryptocurrencies. Users can open an account with a cryptocurrency exchange and purchase coins and tokens of their choice. There are, however, some ways for people to get into cryptocurrencies without spending any money and only a little time.
Users can earn coins and tokens, which they can then exchange, sell, or keep in centralized or decentralized wallets. Users can do so without spending any money by using decentralized applications and decentralized finance (DeFi) platforms.
How to invest in cryptocurrencies without money?
Social media content & NFTs:
Using a variety of free tools, investors can examine the wallet addresses of successful NFT (non-fungible token) investors. They can also look for free NFT minting and whitelisting opportunities. Furthermore, some people who used the free minting method created NFTs with a floor price of 10 ETH (approximately $16,490 at current rates).
New blockchains and protocols must go through extensive testing and user acquisition before they can achieve long-term growth. For consumers who lack the technical expertise to use new blockchains, social activity-based airdrops may be a simpler way to earn cryptocurrency. To receive social airdrops, users may be required to follow, like, and share specific accounts on social media. However, in order to receive social airdrops, users will most likely need to use a decentralized wallet such as MetaMask.
Bug bounties and beta tests:
Tokens have been set aside by a number of crypto and DeFi initiatives for marketing, bug-finding, beta-testing, and content development work. Users can earn tokens by researching, evaluating, and creating brand designs, marketing collateral, music, and other content. Contributing one’s skills to cryptocurrency projects is an excellent way to get started.
Contrary to popular belief, using blockchains and cryptocurrencies does not necessitate the use of fiat money or a bank account. Tokens and NFTs can be earned by aspiring cryptocurrency investors with little effort and no initial investment other than their time.
Web3 Browsers:
Downloading wallets and carrying out on-chain transactions can be time-consuming. Instead, users can interact with the technology and try out different companies that offer cryptocurrency rewards.
Brave browser is a search platform that allows users to earn Basic Attention Tokens (BAT). Brave does not sponsor search engine posts in order to provide consumers with a more decentralized search experience, and users earn money by participating on advertisers’ websites.
Currently, 70% of Brave’s advertising revenue is distributed to users, and some users choose to sell their earned BAT tokens on centralized exchanges or through Web3 wallets such as MetaMask.
