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Are you following crypto for quite a while, but afraid to invest? What if I tell you there are ways through which you can start your crypto account, that too for free? Yes, you heard us right. There are several ways through which you can earn free crypto in 2021. All you will need is a little knowledge and that’s pretty much it. This article discusses 5 methods to earn free crypto. 

Free crypto is, not something everyone can earn. But if you know the right means that’s another story. So, presenting you 5 ways through which you can get free crypto:

1. Airdrops

An airdrop is like a free care-package filled with crypto coins. These are then sent to random addresses. Several cryptocurrencies run Airdrop campaigns. They do this to get publicity and it works more like a marketing strategy. Airdrops might be the easiest way to earn quick bucks in crypto. There are tens and hundreds of airdrop campaigns running on various websites. Some require you to put-in KYC or id proofs, while some just want your wallet address. Submitting identity proofs on random websites is not something we recommend. Unless you are sure that Airdrop is legit and it cannot cause you any damages.

2. Working in a Crypto related Job

Alright, this is another good way to not only get good crypto but also create a passive income stream. Working with crypto does not require you to be a certified programmer. There are many other works you can do and get paid in your favorite cryptocurrencies.

There are jobs like community manager, marketing agent if you are an enthusiast. While you can also be a content writer or a customer care executive. You can fulfill a range of works and get cryptocurrencies in exchange.

3. Affiliate Marketing

Another good way is to start affiliate marketing. Referring to people on community portals, or through social media is a good example. You also refer people to new projects and if they invest in it, you earn a commission, simple. This is almost like any other referral-oriented affiliate job. If you get someone to invest via your affiliation you will get a certain amount of referral fees.

4. Coinbase Learn & Earn

This might be the most underrated method to earn free crypto. It is also a very good way to start learning about crypto if you have only a little knowledge about it. It is a learning program run by Coinbase. Also, it lets you learn about crypto while you also earn them in the process. So, Coinbase has many videos on its platform. All the videos are about cryptocurrencies. And you can earn free coins in exchange for completing each video. You simply need a Coinbase account. It will also require an invite to Coinbase Earn as it’s an invite-only program.

5. Using SteemIt

It is a blockchain technology-driven social media platform. Here you get rewards for sharing content. Every upvote beyond a limit will give you good rewards. Users can get paid in cryptos like STEEM, Seem Dollar, and also Steem Power. What’s more, you can also transfer there to any exchange that supports STEEM.

Many types of analysis are presently available now for doing good research. Basically, it has two major categories. One is fundamental analysis and another is technical analysis. Both involve different technology and analysis process. However, both got used for predicting the future of crypto markets. So, it is essential to understand the basics of both types of analysis.

Fundamental Analysis Concepts

While doing the research, through fundamental analysis, one considers multiple factors. This analysis gives the intrinsic or inherent properties of the specific crypto. In this analysis, one tries to find the impact on the share’s integral value. One has to do thorough research to understand the factor that affects the price of the crypto. This gives the analyst an idea about the Competency of the correctness of the crypto’s price. It considers the macro and microeconomic factors that have an influence on the cryptos. One uses the qualitative as well as quantitative metrics for this type of research.

Different metrics used for Fundamental Analysis

Some of the qualitative metrics include:

1. Competency of the management
2. The intangible assets the company has
3. Company’s working strategy
4. Global acceptance of the business
5. The industry’s customer base
6. The competitive edge the company has

Some of the quantitative metrics include:

1. The company’s annual revenue
2. The total profit of the company
3. Tangible assets of the company
4. The accounting ratios of the company

What we know after fundamental analysis

Using this analysis, the analyst predicts if the price of the security as compared to the market. He will be able to know if the crypto’s price is more or less as compared to the market. A higher value is an indication that the estimated value is more than the actual and vice-versa. After this analysis, traders decide to buy or sell their shares. If it is undervalued crypto, traders prefer to buy that crypto and vice-versa.

Technical Analysis

The major difference here is the consideration of the past history of the crypto. The analyst considers the crypto’s historical data to predict the future price. So, this analysis includes the past prices, the company’s returns, and the volume of trade. The price prediction is based on the crypto’s historical movement. So, it is basically the trend of the movement of the crypto’s price.

What we know after technical analysis

In this analysis, the analysts refer to the range of price of the cryptos. This helps in generating a profitable trade. This helps them to understand whether to buy or sell the cryptos. If crypto is moving towards the lower range, the trader will buy the cryptos of that company. The reason is once the price hits the bottom of the range, it will move upwards. The exact opposite will happen when the price is moving upwards. So, the traders sell their cryptos to gain profit.

Conclusion

Both analyses are for determining the future price of the cryptos. The technical analysis is for short term trading mostly. The fundamental analysis is for long term trading predominately.

Recently, there is multiple news on the scams happening across the world. Cryptocurrency is a hot property currently. There are a lot of scams and frauds associated with it. Multiple ways developed to steal the cryptocurrency. They are hacking, phishing, SIM jacking, scams, extortion, and many more. Fake websites, calls from impostors, too good to believe offers are also threats.  You need to have an approach to ensure maximum fund security. Check out the below ways for best results:

1. Your wallets should have a renowned origin

   There are a lot of businesses claiming to provide secured crypto wallets. Many companies are providing too good to believe offers for crypto-wallets. So, it is better to choose a crypto wallet from a reputed and well-known company.

2. Perform some research

   There is a range of different wallets available currently. There is a range of benefits too. Some are hardware, some are software and other types are also present. So, you need to check the things that suit you best before going for a wallet. Of course, security is definitely a major concern.

3. Better to keep your coins in a cold wallet

   It is advisable to keep your crypto coins in a hardware wallet. It prevents the risks of getting hacked or stolen by fraudsters and hackers. So, please keep a small number of your coins in the exchange or software wallet. Experts say that online wallets are more susceptible to fraud and scams.

4. Don’t keep all the funds in one place

   It is better to keep your cryptocurrencies in different places. Keep some in a hardware wallet. Keep some amount in the exchange for trading. If any malware attack happens, then you will not lose all your money. So, please don’t keep your funds in one place.

5. Keep the private keys safely

   Private keys are important for cryptocurrency. Moreover, you should not share your private key with anyone. So, make sure to have the private keys in a very safe place.

6. Create alternative storage for private keys

   There should be alternative storage for your private keys. Keep the private keys in a wallet (preferably hardware wallet) or cloud. If anyone’s service does not work, you have a backup in an emergency.

7. Keep strong passwords

   The wallet’s protection is very essential. Your password should be hard to guess. Therefore, lesser chances of hacking. Hackers use sophisticated tools to crack the passwords. Please avoid using common passwords.

8. Use secured networks

   Please use secured and private networks. You should use a secured network while trading with cryptocurrency. Please avoid public networks or Wifi, as hacking is a threat at any point in time. Also, use your personal computer to do such transactions.

9. Keep your investments private

   Keep your investments and private accounts a secret. The information related to your investments should be private. Avoid discussing this information with others.

10. Don’t get involved in huge trades

    Always try to conduct small trades. Avoid doing huge trades at once. Bigger trades means greater risks. So, make it small and simple.

These are the ways to keep it safe and secure. But you have to first choose the right wallet so that you could prevent hackers.

About Ethos

Ethos is one of the leading cryptocurrency service providers. It is a platform that is like a bridge between blockchain and financial institutions. Ethos provides multiple products for the crypto world. Some of them are Ethos Universal Wallet, Ethos Bedrock, and many others. The Universal Wallet provides security to its users to keep their crypto assets safe. It provides its services for free. The Wallet is on the Bedrock platform. Bedrock is the foundation that makes the blockchains more accessible. It provides security for the users and the financial institutions. Ethos has a global presence and its headquarters is in Singapore.

Bedrock – The foundation platform

Bedrock is a very sophisticated high perform platform that provides blockchain financial services. Its main aim is to make blockchains and cryptographic protocols easily accessible. With Bedrock, financial institutions will safely use the best of digital technology. The institutions could also use multiple crypto financial services. The services include custody, liquidity, brokerage, and lending. However, as mentioned earlier, the Universal Wallet works completely on Bedrock. Bedrock is up and running and supporting many customers. Till now, it supported 90,000 users across the globe. It helped to perform more than 400,000 transactions seamlessly. Above all, these transactions involve multiple blockchain networks.

Expert Opinion

The founder and CEO of Ethos are  Shingo Lavine. He provided his views on this. He said that most of the fintech firms see blockchain as the next big thing in the digital finance world. But there is a lot of things that are very complex and not accessible. They are a wide range of blockchains and crypto protocols and frameworks. So, Bedrock is the platform that combines all this. Moreover, it provides a framework that is very easily accessible. So, with Bedrock, a lot of blockchain-based products and services will be available for the users. He believed that this technology will provide enormous power to the digital economy.

Its Uses

Bedrock has a wide array of functions. It supports multiple functionalities for the financial institutions. In addition, it provides the platform for financial institutions to create their own crypto wallets. It helps to provide a lot of services like liquidity, custody, and many others. Also, it provides customized solutions. These are blockchain integration, alerts, identity, and transaction monitoring.

The technology behind it

The technology used for the bedrock platform is very complex and sophisticated. The platform uses open peer-reviewed standards like BIP32, BIP39, and BIP44. It is with the help of these standards that help users keep their digital assets safely. It also has an abstraction layer. This offers support to multiple blockchains and custom digital wallets.

The Ethos token powers up the Bedrock platform. This token provides access and utility to the complete Ethos ecosystem. So, the business partners can utilize the Ethos token to get access to the system. They can also pay fees and get discounts. Therefore, it is such a platform that created a win-win ecosystem for both its users and business partners. In conclusion, it operates seamlessly and cost-effectively delivering all the benefits to both parties.

In this article, we will discuss how to send and receive cryptocurrencies. For sending or receiving cryptocurrency, the first thing you need is a cryptocurrency wallet. The next requirement is the public address of the recipient, whom we have to send money to. This is mostly very simple, just like scanning a QR code. Then we have to enter the amount we need to send. After that, we have to follow any wallet specific instructions, if any and click on the send button. Once the above process is complete, the transaction needs to settle on the blockchain. Let’s understand the process in detail below.

Transferring cryptocurrencies

Cryptocurrencies like Bitcoin, Litecoins, Ethereum, etc get stored in cryptocurrency wallets. These wallets have different features and functionalities. Each coin also has its own set of wallet options. So, basically, the process depends upon the wallet and the type of cryptocurrency used. Let’s view the process in general.

1. One has to log into his cryptocurrency wallet.
2. After login, go to the send/receive page.
3. Please select the option of send or receive cryptocurrency. Please note that one can send and receive like-coins. For example, one can send or receive Bitcoin to Bitcoin. One can’t send Bitcoin to an Ethereum wallet.
4. To send: Please enter the public wallet address of the person you want to send money to. Next, enter the amount you want to send. Before hitting the send button, kindly double-check everything. It is important to note that there will some transaction fees. So, your wallet should have enough balance to pay for it. Make sure the public address you entered is correct before sending the coins. One can also write a note with the transaction. This will help the sender and the recipient to know about the transaction in the future. It is advisable to use a QR code instead of typing the public address manually.
5. To receive: For receiving cryptocurrency, one does not have to do anything. Once the person sends the cryptocurrency, it will get credited to the account. One does not have to follow any procedure for it. To receive cryptocurrency to his wallet, one has to share the public address of his wallet. It is better to share the QR code for the public address instead of sharing the link.

Few tips and tricks

1. While sending cryptocurrency to someone, please make a note of this point. It is better to send a very small amount to the new public address for the first time. Please don’t send a lot of cryptocurrency in the first go to a new address. If you send a test amount to a new address, it will help to know everything is right.
2. If you are sending coins through an exchange, you have to use the withdraw or deposit button on the exchange. Please follow the directions very carefully. Some exchanges have specific directions as well. For example, one has to write a note with the transaction or one can only send the whole number of coins. One may have to use authentication codes as per requirement.
3. To exchange one type of cryptocurrency for another, one can use a platform like Shapeshift. This is for the conversion of coins from one type to another. This is useful when one wants to send Bitcoin to an Ethereum wallet.

      4. Keep your private key safe and only with you.

The crypto world is growing day by day. More and more people are joining the crypto world every day. The value of cryptocurrency is reaching new heights. Big corporates to multi-millionaire investors are putting their money in it. Cryptocurrency is the next big thing. Many new investors are willing to get higher returns from it.

The interest in cryptocurrency is increasing. More people are showing their belief in digital currency. So, people are trying to cash on this opportunity. For buying and trading in cryptocurrency, one needs to choose a cryptocurrency exchange. A cryptocurrency exchange is an important platform for all cryptocurrency holders. Choosing the right cryptocurrency exchange is a vital step. Below is the list showing important aspects while selecting a cryptocurrency exchange.

Security

Security is the most important concern when it comes to cryptocurrency. Also, security is the primary aspect while selecting a cryptocurrency exchange. So, one has to do a lot of research before selecting an exchange. It is essential to choose a legitimate and secure platform for this purpose. Recently, there are a lot of scams that are coming into the picture. So, an authentic and safe cryptocurrency exchange is the only option.

Purchasing method

The method of purchasing and transacting differs among multiple platforms. Different exchanges have different ways of accepting deposits. Some accept bank transfers and some accept PayPal. If one is new to this crypto world, one has to choose the exchange accepting fiat currency. Moreover, the transaction time also differs between different platforms.

Supported tokens

Most of the cryptocurrency exchange support Bitcoin and Ethereum. There is a long list of digital currency present in the market. Binance supports a long list of altcoins. Coinbase supports only four cryptocurrencies. So, this is also a vital factor while making a choice.

Trading platform / P2P exchange / Broker

There are three types of cryptocurrency exchange. The trading platform is very common. Here the users place their orders for buying or selling cryptocurrency. P2P exchange is a more open type of exchange. Here the buyers and sellers interact directly and trade among themselves. Cryptocurrency brokers are different from the above. Here the brokers fix the price and the buyer can purchase as per his choices.

Fee structure

The fee structure and the transaction fees also vary among platforms. This is also a critical aspect. Some exchanges offer discounts. While some exchanges charge for trading, but the purchasing of tokens are free. So, exchanges have a variety of offers. Therefore, you should choose based on your requirements.

User interface and user experience

Another important aspect is the user interface and its functionalities. The interface should be user-friendly. From new to seasoned users, the user interface plays an important. It is essential for the user to understand the functionalities and use them at his convenience. Moreover, different people like different interfaces. Mostly, the exchanges with the best user experience see maximum growth.

So, the above-mentioned points are important while selecting a cryptocurrency exchange. All exchanges are different and they have different offerings for the users. So, it is important to understand your own priorities before selecting an exchange. It is good for one to choose an exchange that suits his criteria best.