Free Coins: Invest Wisely And Securely

Investing in cryptocurrency is very different from traditional investing. If you're looking to invest in a new cryptocurrency, it's important to do your research and be aware of scams. One way to get started is to sign up with an exchange that offers free crypto for new clients. You can also participate in an airdrop, which is when developers of a new cryptocurrency do a giveaway to generate interest. Another option is to use a crypto savings account, which lets you earn interest on your holdings. You can also earn free crypto by taking surveys, playing games, or browsing the web with certain browsers. It's important to be cautious and only work with reputable partners when trying to earn free cryptocurrency.

Sign up with an exchange

Signing up with an exchange is one of the safest ways to get free coins, although you will need to invest some of your own money. Many crypto exchanges will give you some crypto if you sign up as a client, much like brokerages will give you cash for signing up as a client.

You may want to pick the best available option, but it could be worth your time to sign up for them all. Some of the exchanges offering free crypto include:

• Coinbase
• Gemini
• Crypto.com
• EToro
• Robinhood
• Webull

Other exchanges also add promotions or provide time-sensitive bonuses, so keep an eye out for those additional opportunities.

Crypto savings account

A crypto savings account is a way to dramatically increase your rate of return. However, these accounts do not offer the same safety as a bank or credit union savings account. Before investing in a crypto savings account, it is important to understand how they work and their pros and cons.

Yields on cryptocurrencies typically range from about 4% to 8% or more, which is significantly higher than the yields on traditional savings accounts. This is because crypto banks cannot produce their own money supply, so they have to attract investors with high yields. The supply and demand for crypto financing drive interest rates.

One example of a crypto savings account is Crypto.com's savings account, which offers a tiered-rate structure. This means that the more you have deposited, the lower your interest rate. High-flying coins such as Bitcoin and Ethereum may offer an annual return of a few percent, while stablecoins might offer several percent higher interest, making them a more attractive place to hold your money.

It is important to note that crypto savings accounts may impose more restrictive limits on the frequency or amount that you can withdraw compared to traditional savings accounts. Additionally, interest on crypto savings accounts may not compound, meaning you will need to spend or trade the interest to realize the gains.

Crypto credit cards

• Brex Card: This card is targeted at startups and offers rewards in the form of points, which can be redeemed for Bitcoin or Ethereum. It offers higher rewards in common spending categories for startups, such as rideshares, taxis, travel, restaurants, and software expenses. The redemption ratio is 100 points for 70 cents worth of crypto. The Brex Card also provides exclusive savings and discounts for business-related services. However, purchasing cryptocurrency with Brex rewards incurs a network fee, and the card has stringent eligibility requirements.
• Venmo Credit Card: The Venmo Credit Card offers the option to earn cashback or crypto rewards. Cardholders can choose to automatically purchase cryptocurrency using their cashback rewards, selecting from Bitcoin, Ethereum, Litecoin, or Bitcoin Cash. There are no additional transaction fees for the auto-purchase feature, but there is a small conversion spread between the crypto market price and the exchange rate. The card offers 3% cashback on dining (up to $6,000 annually), 2% on groceries, and 1% on all other purchases.
• Gemini Credit Card: The Gemini Credit Card offers rewards in Bitcoin, Ethereum, or over 50 other cryptocurrencies available on the Gemini exchange. It is the only credit card that instantly deposits crypto rewards into your account at the time of purchase, rather than at the end of the billing cycle. There are no foreign transaction fees or exchange fees to acquire crypto rewards. The card offers up to 4% back on gas and EV charging, 3% on dining, 2% on groceries, and 1% on all other purchases.
• Crypto.com Visa Card: This prepaid crypto debit card offers rewards in various cryptocurrencies, depending on the card tier. The Midnight Blue card offers 0% cashback, while the Obsidian card offers 5% cashback. Higher tiers provide additional perks such as subscription reimbursements and airport lounge access, but they require staking significant funds. The card has no monthly or annual fees and offers reimbursement with select merchants.

Crypto wallets

There are several types of crypto wallets, each with its own features and security levels. The main types include:

• Paper wallets: Keys are written on a physical medium like paper and stored in a safe place. This makes using your crypto harder because, as digital money, it can only be used on the internet.
• Hardware wallets: Keys are stored in a thumb drive device that is kept in a safe place and only connected to a computer when you want to use your crypto. This type of wallet tries to balance security and convenience.
• Online wallets: Keys are stored in an app or other software. It is important to look for security features such as two-factor authentication. However, it is crucial to be aware of the risks associated with using online wallets, as your protection against hackers is only as strong as your wallet provider's security measures.

When choosing a crypto wallet, it is important to consider your needs and the level of security provided. Some wallets may be better for storing and managing your cryptocurrency, while others may offer more functionality, such as exchange integration. It is also important to consider the type of wallet that best suits your needs, such as a hot wallet or a cold wallet.

Initial coin offerings (ICOs)

An Initial Coin Offering (ICO) is a type of funding using cryptocurrencies. It is often a form of crowdfunding, although a private ICO that does not seek public investment is also possible. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" or "coins" to speculators or investors, in exchange for legal tender or other (generally established and more stable) cryptocurrencies such as Bitcoin or Ether. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches.

ICOs became an increasingly popular means of raising capital in 2017 and 2018, with over $7.8 billion raised from ICOs in 2018 alone. However, the market has cooled off considerably since then, with increased scrutiny from regulators, particularly the U.S. Securities and Exchange Commission (SEC).

ICOs can be a source of capital for startup companies, allowing them to avoid regulations that prevent them from seeking investment directly from the public, and intermediaries such as venture capitalists, banks, and stock exchanges. However, due to the lack of regulation and enforcement of securities laws, ICOs have also been vehicles for scams and fraud. It is important to note that fewer than half of all ICOs survive four months after the offering, and almost half of the ICOs sold in 2017 failed by February 2018.

Despite the risks, a record $7 billion was raised via ICO from January to June 2018. The first token sale (also known as an ICO) was held by Mastercoin in July 2013, and Ethereum raised around $18.3 million in its token sale in 2014. ICOs and token sales became even more popular in 2017, with at least 18 websites tracking ICOs before mid-year.

ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea. In the United States, the SEC has indicated that ICOs can be considered securities offerings and may need to be registered with the SEC or fall under an exemption.

To protect yourself when investing in ICOs, it is important to do your research and ask questions. Understand the opportunity being presented and the person offering it. Be cautious if an investment sounds too good to be true or if you are pressured to act quickly. Recognize that these products are often sold on international markets, and your funds may travel overseas without your knowledge.

Additionally, be aware of the risks associated with ICOs, including the potential for loss, manipulation, or hacking. In some cases, ICOs may be used for "pump and dump" schemes, where the value of the ICO is talked up to generate interest and drive up the value, only for the coins to be quickly "dumped" for a profit.

Frequently asked questions