You can get new cryptocurrencies in various ways, including trading, betting, lending for profit and having a trading position for an extended period of time, among other options. But all of these require you to risk your money, a process you may not be comfortable with.
What if we told you that it is possible to get free crypto? It may seem almost too good to be true. However, it is possible through a cryptocurrency crane.
Let’s take a quick look at what cryptocurrencies are and how they work in the world of cryptocurrency.
What are cryptocurrencies?
Cryptocranes are websites or mobile applications where you complete tasks for crypto rewards. These platforms provide free crypto to complete simple tasks such as playing games, watching videos and ads and solving puzzles. But the rewards are usually small and will not make you rich.
The first cryptocurrency was launched in 2010 by Gavin Andresen, a cypherpunk and Bitcoin developer, to spread awareness about Bitcoin. Cryptocranes also made it easy to obtain bitcoin since there were no crypto wallets. Andresen gave bitcoins (only worth a penny at the time) for free to those who completed a simple captcha. Over time, more cryptocurrencies were created, and making cranes became the norm among developers.
How do cryptocurrencies work?
You do not need any formal training to get involved in cryptocurrencies. All you need is your crypto wallet address to store the earned cryptocurrencies.
The first thing you need to do is find a good crane and sign up. Registration usually involves filling out the basic details and address of your crypto wallet. Then you can start performing the necessary tasks. Tasks have different rewards, usually based on the degree of difficulty. The more challenging or longer the task, the higher the reward.
There is usually a minimum withdrawal limit on tasks, and rewards are usually sent into an internal wallet until they reach the withdrawal threshold set by the platform. This is when the crypto earned can be withdrawn.
5 types of cryptocurrencies
We categorize cryptocurrencies by the symbols they pay out as rewards. This way we have Bitcoin taps, Ethereum taps, Litecoin taps and many others.
1. Bitcoin taps
- Cointiply is one of the most well-known Bitcoin cranes, primarily focusing on surveys and video ads. It has paid more than $ 12 million in BTC and has over three million users.
- Free Bitcoin has more than 50 million registered users and has distributed more than $ 230,000 worth of BTC. This platform focuses on betting, betting and betting competitions.
2. Ethereum cranes
- Ethereum crane users earn Ethereum tokens on this page to complete captchas. It claims to have more than 450,000 users.
- Best cranes offers a list of Ethereum crane sites where you can earn ETH by completing reCaptcha, SolveMedia, playing games or mining.
3. Litecoin cranes
- Free Litecoin has more than three million users and has paid out over 9,000 LTC in reward payouts. Free Litecoin has, among other things, a referral program and an interest-bearing account.
- Free LTC has more than 224,533 users who have won over 27,471 LTC. The main focus of the platform is gambling and advertising.
4. Monero cranes
- Monerokran delivers 0.00005 to 0.25 Monero tokens per reward on this platform. You can claim the rewards every hour.
- All coins pays out more than 13 different cryptocurrencies, including Monero. You can also earn extra money through its affiliate program, as you earn up to 25% of the amount you earn to those you refer.
5. Multicurrency taps
- Coinmonsters primary focus is its online multiplayer lottery game. They support many altcoins, including XLM (Stellar), ZRX (Ox), USDT (Tether) and NPXS (Pundi X).
- Crypto Crane offers up to 20 different altcoins. It has over 1.9 million registered users on the platform. The main focus of this platform is bid walls, PTC ads and surveys.
Please note that we are not associated with any of the cryptocurrencies on this list, and we understand that the reputation of companies may change over time. The list above contains popular cranes examined at the time of writing. We recommend that you do research before you spend time on a cryptocurrency.
6 advantages and disadvantages of cryptocurrencies
Let us quickly consider some pros and cons of cryptocurrencies.
Free crypto
As you now know, cryptocurrencies issue tokens for free. All you have to do is complete simple tasks. Unlike trading and investing, which require you to take financial risks, cryptocurrencies only require your time. The more time you commit to a crane, the greater the reward.
2. Earn from the same crane several times.
There is often no limit to how many times you can earn on a crane. Usually, the amount of cryptocurrency you earn is based on the number of tasks you complete.
A risk-free method for learning about cryptocurrencies
Cranes were primarily made to make people aware of cryptocurrencies. It’s an easy way to get started with crypto. Furthermore, you can pay for things with the amount you have earned and experiment with new ways to use tokens without risk.
4. Fraudulent cranes
Some cranes refuse to pay users even after seeing ads or completing other tasks. Some may even block your access when you reach the payment limit. In addition, fake websites that claim to be cranes can infect your computer with malicious software.
Always inspect the faucet before using it to find out if it is safe. Check out the online communities and reviews, and if a crane has many positive comments, it may be worth using. However, keep in mind that reviews can also be manipulated!
5. It can be a waste of time
The reward from cryptocurrencies is not often the same as the work done and the time and energy consumed.
6. Tasks are repetitive
Unless you have a tolerance for repetitive tasks, there are only so many tasks you can do before you get bored, which makes the whole process not worthless.
Are cryptocurrencies worth it?
Cryptocranes require a lot of participation, as you will need to spend a lot of time performing tasks to make money. Thus, it can not be said to be a source of passive income. Considering how much time is spent earning so little, some will see it as a total waste of time.
Early Bitcoin cranes rewarded people with 5 BTC, worth only pennies. Of course, some looked at it as a waste of time, but having 5 BTC is now a big deal.
However, a crypto crane is a good option if you want to get involved in crypto without risking your money, so they have some uses.
