4 Ways to Earn Free Crypto Instantly Using an Exchange App 

Written by Banks Editorial Team
3 min. read
Written by Banks Editorial Team
3 min. read

Sponsored By

Everyone appreciates a freebie, particularly one that has the potential to grow in value. Free cryptocurrency is always a good thing in the blockchain world, whether you’re seeking a low-cost entry into the market or just want to diversify your portfolio. Fortunately, many cryptocurrency firms give out free cryptocurrency to attract new customers. 

In this article, we will discuss 4 ways to earn free cryptocurrency.

Nexo Crypto Wallet App

9223 Reviews
Learn how to access Nexo crypto loans through this crypto wallet app to borrow cash or stablecoins using your crypto as collateral.
9223 Reviews
Learn how to use the Nexo crypto exchange to sell, buy cryptocurrencies and earn passive interest on your digital assets.

4 Ways to Earn Free Crypto Nearly Instantly

Let’s review 4 easy ways to earn passive income from your cryptocurrencies:

1. Earn Interest from Your Staked Crypto

Staking is a method of verifying transactions that several cryptocurrencies use, and it allows users to earn rewards for their holdings.

Simply defined, staking is the act of storing cryptocurrency on a certain platform to obtain rewards in the form of cryptocurrency.

You’ll be able to stake your coins straight from your crypto wallet, such as Trust Wallet, Metamask, and others. In addition, many exchanges also provide staking services to their users. One such exchange is Nexo which offers up to 17% APR on staked crypto. The rewards are paid out daily, and the platform offers staking on 34 different cryptocurrencies. 

In Nexo, users can maximize their crypto yields by either staking their crypto for fixed terms or going for the FLEX offering, in which they get daily payouts on their staked cryptocurrencies.

There are no hidden fees or commissions charged for staking crypto on Nexo. Plus, the exchange gives the freedom of withdrawing your staked crypto at any time without losing the accrued interest. Nexo also has a $375 million insurance for all digital assets that are stored on its platform. This means that you will be compensated in case of any loss, theft, or any form of missing funds.

2. Get Cash Back for Using Your Crypto Card

The easiest way to earn free crypto is by using a credit card issued by any crypto exchange. The Nexo Card offers an opportunity for you to receive up to 2% instant cashback on all purchases. The Nexo Card is accepted worldwide by over 90 million merchants. It has no monthly, annual, or inactivity fees, and you can make payments in local currencies. You can also receive a free virtual card, and this card can be managed from the Nexo Wallet App that gives instant access to your cryptocurrency assets. 

The Nexo Card can be connected with Apple Pay and Google Pay. And every time you make a purchase, you’ll get up to 2% cashback. So, for example, if you bought a Starbucks coffee for $9.99 by using your Nexo Card, you’ll receive up to $0.22 cashback – you’ll have the option of receiving this reward in Bitcoin or NEXO Tokens. The maximum cashback of 2% is achieved when the user is in the Platinum loyalty tier and opts to receive the cashback in NEXO. The BTC cashback is up to 0.5%.

Nexo Crypto Wallet App

9223 Reviews
Learn how to access Nexo crypto loans through this crypto wallet app to borrow cash or stablecoins using your crypto as collateral.
9223 Reviews
Learn how to use the Nexo crypto exchange to sell, buy cryptocurrencies and earn passive interest on your digital assets.

3. Shop with Qualified Retailers to Earn Crypto Rewards

Look out for certain retailers offering crypto rewards when you shop with them. These can be e-commerce marketplaces or technology, or apparel stores. A great way to know which stores offer free crypto rewards is to follow their social media pages and look out for ‘special’ sale periods. 

Usually, there are certain conditions put by qualified retailers offering these crypto rewards. They may ask you to shop a certain amount and follow them on social media pages or similar tasks before you can earn free crypto from them.

In the case of Nexo, as mentioned above, you can use your Nexo Card and get up to 2% cashback which can be in the form of BTC or NEXO Tokens.

4. Refer Other Users to Use Crypto Exchange

Referring other users to a platform is a great way to earn rewards. There are many crypto exchanges that offer free crypto when you refer a friend to their platform. One such exchange is the Nexo crypto exchange which offers $25 in Bitcoin to you and any person you refer. However, the reward is only given if that person buys or tops up $100 or more of any cryptocurrency on the Nexo crypto exchange.

To refer new users on the Nexo crypto exchange platform, you have to share your personalized referral link, and a user has to sign up on the platform using your referral link, add $100 or more crypto and hold it for 30 days. After 30 days have passed, both you and the person you have referred will receive $25 worth of Bitcoin.

How to Sign Up for Nexo to Start Earning Free Crypto

Signing up on the Nexo crypto exchange is easy. Here’s how you can complete the signup process:

  1. Go to Nexo’s website
  2. Click on ‘Create Account’
  3. Enter your email and password.
  4. Verify your email. 
  5. Once your email is verified, your account on the Nexo crypto exchange will be active. 
  6. Now, you have to complete identity verification checks. Once completed, you’ll be able to use all the features of the Nexo crypto exchange, including buying, selling, staking, crypto, among many other things.

In summary, the Nexo crypto exchange offers an excellent way for everyone to earn free crypto. Plus, Nexo is a well-known name in the world of cryptocurrency interest accounts. It’s an option worth checking into for individuals wishing to receive paid interest on their cryptocurrency, with attractive interest rates for stablecoins, Bitcoin (BTC), Ethereum (ETH), other cryptocurrencies, and even fiat. The company’s user base has grown dramatically, and its token has more than sevenfold in value, possibly resulting in a few extremely wealthy and happy early adopters.

nexo crypto wallet app

You may also like

Learn more about how yield farming in crypto works and how to get paid for holding onto your cryptocurrency for longer.
Read more

Advertisement Disclosure

Product name, logo, brands, and other trademarks featured or referred to within Banks.com are the property of their respective trademark holders. This site may be compensated through third party advertisers. The offers that may appear on Banks.com’s website are from companies from which Banks.com may receive compensation. This compensation may influence the selection, appearance, and order of appearance of the offers listed on the website. However, this compensation also facilitates the provision by Banks.com of certain services to you at no charge. The website does not include all financial services companies or all of their available product and service offerings.