Starting to invest in cryptocurrency doesn’t always require connecting a bank account or spending fiat currency to purchase Bitcoin (BTC) and Ether (ETH). There are alternative ways to earn cryptocurrency and build a portfolio, such as completing tasks on various Web3 platforms.
By using decentralized applications and decentralized finance (DeFi) platforms, users can earn cryptocurrency and then choose to swap, sell, or hold it in centralized or decentralized wallets without spending any money.
Here are a few methods to build a crypto portfolio without connecting a bank account:
1. Interact with Web3 browsers: Instead of downloading wallets and performing on-chain transactions, users can experiment with different crypto platforms by using a Web3 counterpart browser. One example is the Brave browser, where users earn Basic Attention Token (BAT) and have full ownership of their data while searching. Brave shares 70% of its advertising revenue, and users can sell their earned BAT on centralized exchanges or Web3 wallets like MetaMask.
2. Social media content creation and free NFT mints: NFTs are gaining popularity, and potential crypto investors can analyze the wallet addresses of successful NFT investors and find opportunities for free NFT minting and whitelist participation. Free-to-play metaverse platform Caesarverse CEO, Colin Helm, emphasizes the importance of free NFTs and mentions users who have generated NFTs worth 10 ETH through the free minting system.
3. Social activity-based airdrops: New blockchains and protocols often require testing and a user base for sustainable growth. Some blockchains offer airdrops to attract users, and social activity-based airdrops can be an easier way to earn cryptocurrency for users without technical knowledge. Users may need to follow, like, and share specific accounts on social media and use a decentralized wallet like MetaMask to receive these airdrops.
4. Bug bounties and beta tests: Crypto and DeFi projects often set tokens aside for marketing, bug finding, beta testing, and content creation tasks. Crypto investors can earn tokens by auditing, testing, and creating content for these projects. Offering one’s skills to crypto projects is a great way to get started without upfront costs.
It’s important to note that interacting with blockchains and cryptocurrency doesn’t necessarily require a bank account and fiat currency. With some effort and time, aspiring crypto investors can earn cryptocurrency and NFTs without any upfront costs. However, readers should conduct their own research and be aware of the risks involved in every investment and trading decision.