How to build a crypto portfolio without spending any money or time trading
2 min read
Starting to invest in cryptocurrency does not necessarily require connecting with a bank account or spending fiat to purchase Bitcoin (
Similar to how NFTs require a social media base for advertising, new blockchains and protocols also require immense amounts of testing and a user base in order to ensure sustainable growth at launch.
Some blockchains like Arbitrum do not have a token, but the hint of an eventual airdrop tends to attract users to the protocols within the Arbitrum ecosystem.
On Sept. 6, 2022, 1inch users on Optimism received an airdrop of 300,000 OP for their prelaunch usage of the blockchain.
For users without the technical knowledge to use new blockchains, social activity-based airdrops could be an easier way to earn cryptocurrency. With social airdrops, users may have to follow, like and share certain accounts on social media. Users will most likely need to use a decentralized wallet like MetaMask in order to receive social airdrops.
Bug bounties and beta tests
Many crypto and DeFi projects have set tokens aside for marketing, bug finding, beta testing and content creation tasks. Many crypto investors earn tokens by auditing, testing, and creating brand designs, marketing materials, music and other content. Lending one’s skills to crypto projects is a perfect way to get started.
Jenny “DJen” Schorsch, founder of GlamJam, shared her experience regarding how she built a brand and started in crypto without upfront costs:
“Start by creating value for the community for free first. After you have your community, you start generating profit and assets with them. I started using NFTs for ticketing and allowed Web3 companies sponsorships for my favorite projects. Before I knew it, people were offering me crypto for participation in events.”
While most users think that a bank account and fiat currency are necessary for interacting with blockchains and cryptocurrency, this is not the case.
With a little effort, aspiring crypto investors can earn cryptocurrency and NFTs without any upfront cost, other than time.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
