The most straightforward way to invest in cryptocurrencies is to buy assets using fiat money. Users can create an account with an exchange and buy coins and tokens of their choice. However, there are some ways for people to get into cryptocurrencies without spending any money, just a little time.
Users can earn coins and tokens and exchange, sell or hold them in centralized or decentralized wallets. Users can do so using decentralized applications and decentralized finance (DeFi) platforms without spending any money.
How to invest in cryptocurrencies without money?
1.Web3 Browsers:
Downloading wallets and performing on-chain transactions can be a tedious process. Instead, users can choose to interact with the technology and experiment with different firms that offer cryptocurrency rewards.
Brave browser is an alternate search platform where users can earn Basic Attention Tokens (BAT). To give consumers a more decentralized search experience, Brave does not sponsor search engine posts, and users earn money from their participation on advertisers’ websites.
Presently, 70% of Brave’s advertising money is split among users, and some users choose to sell their earned BAT tokens on centralized exchanges or through Web3 wallets like MetaMask.
Read More: How to Stake Your Coins on MetaMask
2. Social media content & NFTs:
Investors can examine the wallet addresses of successful NFT (non-fungible token) investors using a variety of free tools. They can also look for opportunities for free NFT minting and whitelisting. Moreover, some individuals who took advantage of the free minting method produced NFTs that hit a floor price of 10 ETH (approximately $16,490 at current rates).
For new blockchains and protocols to achieve sustainable growth after launch, they need to undergo extensive testing and build up a user base. Social activity-based airdrops may be a simpler way to earn cryptocurrency for consumers who lack the technical expertise to use new blockchains. Users may be required to follow, like, and share specific accounts on social media in order to receive social airdrops. However, to receive social airdrops, users will probably need to use a decentralized wallet like MetaMask.
3. Bug bounties and beta tests:
Numerous crypto and DeFi initiatives have set aside tokens for marketing, bug-finding, beta-testing, and content development work. Examining, evaluating, and producing brand designs, marketing collateral, music, and other content can earn tokens for users. An excellent method to get started is to contribute one’s abilities to cryptocurrency projects.
Contrary to popular belief, fiat money and a bank account are not required to engage with blockchains and cryptocurrencies. Aspiring cryptocurrency investors can earn tokens and NFTs with little work and no initial investment other than their time.