Who doesn’t like free things?
No matter how much fiat you have in your pocket or how much cryptocurrency is in your wallet, free stuff is generally always a good thing.
Fast food establishments are almost notorious for offering buy-one-get-one free coupons and promotions. Cable TV and satellite providers always have free channels or other packages in an attempt to entice you to signup. And of course late night television is full of companies offering a free second product if you just pay a separate shipping or handling fee.
But is there really such a thing as free Ethereum?
As it turns out, yes Virginia, there is a Santa Claus!
However, before we discuss grabbing that free ETH, it’s vital that heed a word of caution.
Searching for free Ethereum can expose you to various scammers, hackers, and other nefarious entities out there. You may receive offers that claim they’ll give you Ethereum for free or in exchange for enticingly small amounts of fiat or other cryptocurrencies.
Don’t be a victim! Falling for these scams can result in financial loss and identity theft. Scammers are everywhere, so always do your homework before providing any personal or financial info, and of course before completing any sort of financial transaction with someone new.
How Can I Get Free Ethereum?
Whether you’re considering breaking out some bucks to set up a home mining operation or entering the sometimes mind-bending world of investing in cryptocurrency, you’re probably wondering if it’s possible to actually earn free Ethereum.
There are websites known as Ethereum faucets that reward minute amounts of ETH in exchange for completing captchas or interacting with numerous ads. However, most of them come with a couple of catches you’ll want to be aware of.
The biggest drawback for most free Ethereum hunters is that many of the faucet site have a minimum amount of “work” you have to complete or Ether you have to earn before you can actually cash out and receive your free Ethereum. Additionally, I found that some hunters complain that even if they go through repetitive mini-tasks and aggressive ads, the amount of ETH they earned in any given day was almost too small to make it worthwhile.
Some faucet sites you can use to try and earn free Ethereum are:
- Lolifuu ETH Faucet
There are also various mobile apps that offer free Ethereum via games and lotteries, and others that provide Ether with a simple “push” of a button while those who send or receive appropriate app codes to their friends are awarded the same “currency.” Earning free Ethereum in this manner may take a little time, but you might have some fun in the process.
Some Ethereum faucet apps you may want to check out for earning free Ethereum are:
- Faucet Run
- Ethereum Faucet
- Free Ethereum Spinner
However, you’ll definitely want to measure your return on time investment with these Ethereum faucet sites and apps. With many of them you may find that the amount of time you’d spend on learning their systems and working out a way to make it profitable would be better spent on studying more efficient ways for earning ETH.
Not So Free Free Ethereum
While mining for any cryptocurrency requires an initial equipment investment along with any monthly overhead such as power and Internet access, it’s still the most legit way to earn “free” Ethereum. It’s not exactly free of course but has considerably more potential for you to experience any significant returns.
Another option you have is to work for Ether. Sites like Crypto.jobs and Cryptojoblist.com provide industry job listings and there are multiple companies that will hire writers, artists, designers, accountants, marketing specialists and others and pay them in Ether.
You can also opt to invest in buying a cloud mining contract and renting mining gear from one of the Ethereum mining rigs. This one can be a little tricker however and you’ll want to ensure that you know your breakeven period before completely committing and signing on the dotted line.
So, what’s the verdict? Can you really earn free Ethereum?
In ten words or less – Yes, but you have to determine if it’s worth the effort.
Oops, that was 11 words.