Getting cryptocurrencies such as Litecoin (LTC) for free can be a dream for many individuals. But as a rule of thumb, the headline “FREE” in anything screams scam. So, is there any legitimate place to earn some Litecoin?
Technically, yes. There are a handful of ways to earn Litecoin for free. But, you must remember that “earning for free” has an entirely different meaning than “getting for free”. To earn Litecoin you have to complete certain tasks. Here, we will discuss some of the best platforms for earning Litecoin for free. We will also cover some of the basics that you should know about Litecoin and its current market price. Let’s begin with the basics, shall we?
Key Takeaways
- Litecoin can be earned for free through tasks like playing games, completing surveys, and watching ads on platforms like Earn Litecoin, Litecoin Giveaway, and Idle-Empire.
- While these platforms offer opportunities to earn Litecoin, users may face issues such as payout thresholds, potential glitches, or inconsistent rewards.
- Always exercise caution when using such apps or websites—verify their legitimacy and never share sensitive information like private keys or passwords.
Litecoin Current Market Overview
Litecoin (LTC) is a Bitcoin alternative designed to provide faster, and low-cost payments while offering the security of blockchain architecture. Historically, Litecoin was the second biggest cryptocurrency in the world by market cap, trailing just behind Bitcoin. However, over the years, the narrative has changed dramatically.
Other Bitcoin alternatives such as Ethereum, and Solana have taken up the major shares of the crypto markets by offering support for the dApp (decentralized application) ecosystem. So, Litecoin is currently sitting at a ranking of 22 by market cap.
How To Earn Litecoin for Free?
Litecoin is a valuable cryptocurrency that can be traded, and used for various purposes including peer-to-peer trading, long-term investment, cash out, and more. So, there are not a lot of platforms that giveaway Litecoin for free, but after extensive research we have found some:
1. Earn Litecoin
Earn Litecoin is an Android game that lets you spin the wheel for earning Litecoin in exchange for doing simple tasks such as completing surveys, playing games, and inviting friends. By earning in-app rewards, you can rise on the leaderboard and earn Litoshi (the smallest unit of LTC).
According to the application’s description, by referring to a friend, users can earn about 10% of the friend’s earnings in addition to what they individually earn. The app also offers many other ways to earn Litecoin, which changes periodically.
On a difficulty scale, the activities on the Earn Litecoin app seem easy to do. However, many users complained that even though they were getting rewarded with Litecoin by spinning the wheel, they were never able to land on the biggest possible rewards. Some even remarked that the wheel spins again if the arrow lands on a big reward. We are not sure if this is a glitch or if it is deliberately coded into the algorithm. Nevertheless, the “Earn Litecoin” app seems like an easy way to earn Litecoin.
2. Litecoin Giveaway
Litecoin Giveaway is an Andriod application from Bitcoin Aliens, the developers behind the “Bitcoin Cash Giveaway” app. It has a 4.0 star rating on the Google Play Store, from 33.9K reviews in total.
The app allows users to spin the wheel to receive free Litecoin every hour. You need to earn your spins by playing some sponsored games, which is how the app makes revenue. You can also watch ads for spinning the wheel multiple times in an hour.
The aim of the app is simple, spin the wheel, and earn Litecoin rewards. You can withdraw your earnings on the app, straight to your wallet by linking your wallet address to the app. However, there is a minimum payout threshold you need to meet to be able to withdraw the earnings. The minimum threshold of payout is set to be 100,000 Liteoshi by default, but you can lower it to as little as 20,000 Litoshi from the control panel.
That being said, some recent reviews claim that the app no longer credits rewards for playing partner games. The comment appeared on Google Playstore on July 2, 2024. However, we are not sure if the developers have taken any countermeasures for removing the bug.
3. Idle-Empire
Idle-Empire is a website that works similarly to the above-mentioned Andriod applications. It offers free Litecoin rewards in exchange for completing paid surveys, playing games, watching ads, and other content.
The process of earning free Litecoin online with Idle-Empire seems a straightforward process. You just have to visit the website and log in by using your existing social media accounts, and email including Gmail, Facebook, Twitter, etc.
Once you have successfully registered your account on the platform, you can start earning points by participating in the challenges listed. Just pick one that boasts your interest, complete it, and earn points. You can redeem your points as Litecoin or as other rewards listed on the platform. According to the official website, the rewards are delivered within 24 hours.
Final Thoughts: Don’t Fall for Scams
In this article, we have seen three simple ways to earn free Litecoin. The list is curated by publicly available information, we do not endorse or promote these platforms in any way. Always remember to do your own research as well, to ensure the legitimacy of online applications and giveaway platforms. Remember not to share your private keys, passwords, or seed phrases with any platform or person regardless of the rewards offered.
You may also like: 3. How to Protect Your Litecoin Wallet
