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Cryptogambling / 3 Ways to Start Investing in Crypto Without Buying it

3 Ways to Start Investing in Crypto Without Buying it

Publish Date: 20/03/2023

Are you looking to invest in the exciting world of crypto, but for various reasons, you’re unable to purchase cryptocurrencies in your country. Or you are just afraid of testing the depth of the risky waters with both feet. Fear not, there are plenty of ways to get in on the action without actually stomping up your own money to buy those coveted coins and tokens.

In today’s article, we explore the many ways that you can start investing in crypto, without having to buy it with your own hard-earned money. There are many different potential approaches, and we will cover three (3) of the easiest and most popular ones.

But first let’s take a look at some reasons why some people may struggle to get into crypto.

Reasons Why People Struggle to Get into Crypto

In 2022, more than 40% of all countries reported inflation rates above 10%. In addition to rising inflation, traditional finance banks have been paying extremely low-returns on deposits to customers.

With so many people across Europe and beyond struggling with the rising cost of living, the superior returns in the Crypto and Decentralized Finance world look more enticing now, more than ever.

But in spite of their keen interest in the innovative financial products and efficient investment returns that crypto offers, a lot of people are still dragging their feet about getting involved in the relatively unknown world of crypto and blockchain technology. Here are some of the reasons:

  • Inherent Crypto Hack Risks: Like every legitimate investment sector, Cryptocurrencies come with some inherent risks. And to the average no-coiner, the reports of incessant scams, billion-dollar hacks and malicious attacks, the crypto world is the “wild wild west” of global finance. And this makes them unwilling to stake their hard earned money to purchase cryptocurrencies and bear the risk of losing it all.
  • Technical Crypto Knowledge: A lot of people outside of crypto are unwilling to get started, just because they feel that they don’t have sufficient technical knowledge on how to navigate the crypto world. Concepts like crypto storage wallets, DeFi protocols, staking, yield farming often seem very alien to new joiners. And to avoid losing their funds to irreversible fat-finger errors, they just refuse to put their money where their mouth is.
  • Banking Restrictions: There’s another group of noobs in crypto crypto that are quite knowledgeable about the industry and are enthusiastic about the innovative DeFi products, but are simply unable to buy crypto due regulatory restrictions and banking laws in their country.
  • Volatile Markets: Lastly, crypto markets are known to be very volatile. Prices can move far and fast within a very short period. This often scares people with low-risk appetite, and who want a stronger store of value for their money.

Each of the aforementioned risk factors are quite an obstacle for new joiners. If you or anyone that you know falls in any of these categories, we have prepared a list of methods to help you get over the fear and uncertainty and doubt (FUD).

How to Get Started in Crypto Without Spending Your Own Money

If you are looking to get involved in the world of Crypto, NFTs, the Metaverse, Decentralized finance etc. without spending your own money, here are 3 ways to go about it.

1. Airdrops

Crypto tokens hanging from parachutes

Airdrops are one of the easiest ways to get involved in crypto without buying it. Airdrops involve crypto projects sending free tokens to reward first adopters, build a large community activity and encourage mass adoption.

Airdrops are usually part of a broader promotional initiative which may include public campaigns designed to increase awareness about a startup company’s platform or product and encourage widespread adoption of its native token.

How to Get Airdrops in Crypto?

Airdrops are often a marketing strategy used by blockchain-based projects to deposit tokens directly into a set of whitelisted wallets. To get airdrops, community members are often asked perform simple tasks such as:

  • Joining a community i.e Telegram channel, Twitter page, Discord channel.
  • Be among the first set of users Sign-up for a new project or product feature.
  • Reposting sign-up links on your social media pages.
  • Participating in online product launch, AMA-sessions. etc.
  • Participate and win product quizzes, surveys etc.
  • Referring friends in your digital network to join a channel or sign-up.

After performing any of these simple tasks, you will be able to get your wallet address whitelisted or assigned tokens at random. When you receive these tokens you can start trading immediately or leave them in your wallet till they grow in value along with the underlying project.

If you get lucky and get in early enough it is not uncommon for airdropped tokens to quickly rise to become worth thousands of dollars within a few months. For instance, the value of the average Uniswap airdrop reached as high as $12,000 at its peak.

In most cases, an airdrop is announced beforehand, allowing users to perform the necessary steps to receive the tokens. For example, Blur, a new emerging NFT marketplace airdropped  360 million BLUR tokens, worth nearly $350 million to active NFT traders on the platform.

As you can see, Airdrops are a great way to get your hands on some crypto tokens without spending a dime. Are you excited yet? Well it’s quite easy to find legitimate Airdrops in Crypto.

Platforms like and will send you real time updates about upcoming airdrops and competitions where you can perform easy tasks to earn crypto without opening your purse.

2. Free Mints

Text Free mints written on red background

“Free mints” is another way that crypto projects distribute new tokens to users for free. This is usually done by cryptocurrency projects during the initial coin offering (ICO) or later stages of development as a way to reward users and incentivize them to use the product’s and hold the project’s tokens long term.

The term “mint” in the context of cryptocurrency refers to the process of creating new tokens. In most cases, new tokens are created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions on the blockchain network and receive new tokens as a reward. However, in the case of free mints, tokens are created by the project team and distributed directly to users for free.

In June 2022, Solana’s number 1 NFT marketplace, launched  “Mint Madness”, a promotional program where users get to mint free NFTs as part of a global NFT gaming event.

Similarly when Coinbase launched its new layer 1 blockchain network Base. It gave early adopters a chance to mint commemorative NFTs for free within the first 72-hours post launch.

How to Get Free Mints in Crypto?

Free mints are another legitimate means for you to get your hands on valuable crypto currencies and NFTs. During an ICO, free mints are often used as a marketing strategy to attract potential investors to the project. Projects may offer free tokens as a bonus to early investors or as a reward for completing certain tasks, such as sharing the project on social media or referring new users to the platform.

Later on, projects may also use free mints as a way to reward existing users and incentivize them to continue using the platform. This can help to build loyalty and community around the project, which can be crucial for its long-term success.

3. Bug Bounty Hunting

A person with a flynet hunting crypto tokens


If you think the amount of crypto that you can earn from airdrops and free mints may be too little, then crypto bug bounty hunting is one you should pay attention to.

Bug bounty hunting, otherwise known as White Hat hacking, is a way to legitimately earn thousands and millions of dollars worth of crypto in one swoop, without having to pay for it. Here’s how it works.

Bug bounty hunting is a process in which individuals or teams are rewarded for identifying and reporting security vulnerabilities in a blockchain project’s smart contract code. It typically involves identifying flaws in the code of a blockchain protocol or a cryptocurrency exchange.

How to Get Bug Bounty Rewards in Crypto?

The process typically involves the following steps:

  • A blockchain project or exchange announces a bug bounty program and sets a reward for identifying security vulnerabilities.
  • Participants search for vulnerabilities in the project’s code and report them to the project team.
  • The project team evaluates the report and determines whether the vulnerability is valid and if it warrants a reward.
  • If the vulnerability is valid, the project team will typically provide a reward to the individual or team that discovered it.

Some white hat hackers may go a step further to exploit these flaws, and drain some funds, or deny access to certain critical features in order to call attention to the project developers. When the hacker then returns the funds, the team pays out designated rewards and processes to fix the exploited bug.

In March 2023, DeFi lending platform saw $1.59 million of assets drained by a white hat hacker who took advantage of a misconfigured oracle.

After exploiting the bug, the hacker left a message that read “it looks like your oracle was misconfigured. Contact me to sort this out”

After a few days of communication with the team, the white hat hacker returned the funds and he got a $97,000 bounty reward.

Bug bounty hunting is a way for blockchain projects and exchanges to identify potential security vulnerabilities before they can be exploited by malicious actors. By incentivizing participants to identify these vulnerabilities, projects can improve the security of their networks and protect their users. At the same time, bug bounty hunters can earn rewards for their efforts, which can be in the form of cryptocurrency tokens or fiat currency.

So, if you are technically skilled, it’s time to put your hacking skills to good use and earn yourself some crypto without having to pay up.


The world of cryptocurrencies offers numerous compelling reasons to start investing today. With superior returns on investments, more efficient financial products, and the opportunity to leverage new technologies like AI, NFTs, and the Metaverse, there’s never been a better time to get started in crypto.

Whether you’re an experienced investor or just starting out, the potential benefits of investing in crypto are too significant to ignore. Airdrops, Free mints and Bug bounty programs give you the opportunity to explore the exciting world of cryptocurrency without investing any money.

And with the right strategy and a bit of patience, you can earn significant returns on your free crypto while taking advantage of the many benefits that Web3 has to offer.

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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or; or (b) Gamblers Anonymous at 855-2-CALL-GA or

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