The wild, wonderful world of crypto is always changing — bringing new experiences and opportunities for you to earn free crypto. As we approach June of 2025, ThrowingToken.com wants to be your complete resource on how to get free crypto legally. We’re just as concerned about helping readers understand the online gaming risks and how to manage the tax responsibilities. This article will explore various legitimate methods for earning free crypto, offering actionable steps and security best practices to empower readers to make informed decisions.

We know just how tempting the thought of earning free crypto might be. It’s important to be very careful and very skeptical when jumping on these opportunities. Many scams plague the crypto landscape, and it is important to identify the legitimate opportunities as well as the scams that exist. This guide aims to equip readers with the knowledge and tools necessary to navigate this landscape safely and effectively.

Li Wei, a blockchain content strategist, aka the ChainHiker, passionately urges us to keep learning. Making this journey to success means staying tuned in with the rapidly evolving crypto landscape. She combines global perspectives with her deep expertise in crypto. Her pragmatic, no-nonsense approach brings value to anyone helping to navigate this rapidly evolving industry. This article is a testament to her dedication to deliver clear, engaging, and actionable financial content that helps readers take control of their fiscal futures.

Learn and Earn Platforms

“Learn and Earn” educational programs are the most popular way to earn free crypto. With numerous cryptocurrency exchanges and platforms making these wealth-creating opportunities accessible, these programs encourage users to learn about the myriad of cryptocurrencies and blockchain technologies. They incentivize participants with fun-sized crypto rewards for completing educational modules or quizzes and scoring high enough.

Here are some of the leading platforms offering Learn and Earn programs in June 2025:

  • Coinbase Learn and Earn: Coinbase offers a wide range of educational modules on various cryptocurrencies, rewarding users with free crypto for completing them.
  • Binance Learn and Earn: Similar to Coinbase, Binance provides educational content and rewards users with crypto for their participation.
  • CoinMarketCap Earn: CoinMarketCap allows users to earn free crypto by completing tasks and quizzes related to different crypto projects.
  • Phemex Learn and Earn: Phemex offers opportunities to earn free crypto by learning about cryptocurrency trading and investing strategies.
  • Cake DeFi Learn and Earn: Cake DeFi provides educational modules and tasks, rewarding users with free crypto for their completion.

These platforms offer newcomers a fantastic way to learn the basics of cryptocurrency. All the while, users are earning small amounts of crypto as they learn. Be aware that the crypto you earn from these programs is usually capped. Do not think you are going to get rich quick!

Tax Implications of Free Crypto

Getting free crypto can seem like a no-brainer reward. It’s important to understand the significant tax consequences that accompany it. When it comes to taxes, the IRS treats cryptocurrency like property. That’s true for any income you derive from it – even from receiving cryptocurrency for free, which is taxable as ordinary income.

The key things to keep in mind regarding the taxation of free crypto are:

  • Taxable as Income: The IRS considers cryptocurrency to be property, and any income earned from it, including free cryptocurrency, is taxable as ordinary income at a rate between 10% and 37% in 2024. The tax rate will vary depending on your income bracket.
  • Fair Market Value: The dollar value of the free cryptocurrency received is equal to its fair market value on the day and time it was received. This value must be accurately recorded for tax reporting purposes.
  • Reporting Requirements: Earning free cryptocurrency may require reporting it on tax returns, including Schedule C (Form 1040) for independent contractors and Form 8949 for sales and other dispositions of capital assets.
  • Form 1099-MISC: If the value of the free cryptocurrency exceeds $600, the payer (e.g., the platform offering the Learn and Earn program) may issue a Form 1099-MISC, which will be reported to both the recipient and the IRS.
  • Capital Gains Tax Implications: If the free cryptocurrency is held and later sold, any gains or losses will be subject to capital gains tax rates, which depend on the holding period (short-term or long-term). Short-term capital gains (held for one year or less) are taxed at ordinary income tax rates, while long-term capital gains (held for more than one year) are taxed at preferential rates.

It's essential to keep accurate records of all free crypto received, including the date of receipt, the fair market value at the time, and any subsequent sales or disposals. We strongly urge you to discuss this with a qualified tax professional to make sure you’re following all the relevant tax laws and regulations.

Security Best Practices

As you know, the crypto venture is unfortunately rife with scams and security threats. Thus, whether you have earned crypto for free or have bought it, it is very important to apply strong security measures to safeguard your crypto.

ThrowingToken.com urges all of our readers to put security first and take precautions to secure their crypto assets. The crypto space is still emerging and largely unregulated. It is important for the individual to be accountable for their own safety.

  • Use two-factor authentication (2FA): Enable 2FA on your wallets and exchange accounts to add an extra layer of security. This requires a code from your phone or another device in addition to your password, making it much harder for hackers to access your accounts.
  • Withdraw crypto to a wallet: Instead of keeping your crypto on an exchange, withdraw it to a wallet to reduce the risk of hacking. Exchanges are often targeted by hackers, and keeping your crypto on an exchange makes you vulnerable to potential losses.
  • Use a secure wallet: Choose a reputable wallet provider and consider using a cold wallet (e.g., hardware wallet) for long-term storage. Hardware wallets store your private keys offline, making them much more secure than software wallets.
  • Generate and store keys securely: Use a secure method to generate and store your private keys, such as a hardware wallet or a secure note. Never share your private keys with anyone, as they are the key to accessing your crypto.
  • Be cautious of phishing scams: Be aware of fake websites and phishing scams that may try to steal your wallet seed words or login credentials. Always double-check the URL of any website you visit and be wary of suspicious emails or messages.

While earning free crypto can be a rewarding experience, it's essential to be aware of the potential risks and scams that abound in the crypto space.

Potential Risks and Scams

By recognizing these risks and scams, readers will be better prepared to protect themselves from becoming victims of fraud. As with all investments, make sure to do your own thorough research and speak to a qualified financial advisor before investing in any cryptocurrency.

ThrowingToken.com urges all readers to seek any and all crypto opportunities with caution and incredible amounts of due diligence. Don’t bite the bait. Remember, if it sounds too good to be true, it is. With knowledge and caution, you have the power to explore the world of crypto while contributing to a safer ecosystem.

  • Scams: Beware of investment opportunities that use phrases like "Get Rich Quick" or "High Returns Guaranteed", as they may be scams. No legitimate investment can guarantee high returns, and any promise of such should be treated with extreme skepticism.
  • Lack of government insurance: Holdings in online "wallets" are not insured by the government like U.S. bank deposits are. This means that if the platform is hacked or goes bankrupt, you could lose all of your crypto holdings.
  • Unregulated market: Crypto is not protected or regulated like cash or the US dollar, and investments tied to cryptocurrencies and digital assets are a top threat to investors. The lack of regulation makes it easier for scammers to operate in the crypto space.
  • Volatility: An investment that may be worth thousands of dollars today could be worth only hundreds tomorrow. The volatility of the crypto market can lead to significant losses, especially for inexperienced investors.
  • Phishing scams: Bad actors often entice new investors by promising safe, lucrative, guaranteed returns over relatively short terms. These promises are often used to lure victims into phishing scams or other fraudulent schemes.

By being aware of these risks and scams, readers can better protect themselves from becoming victims of fraud. It's always best to do your own research and consult with a financial advisor before investing in any cryptocurrency.

ThrowingToken.com encourages readers to approach all crypto opportunities with caution and due diligence. Remember, if something sounds too good to be true, it probably is. By staying informed and vigilant, you can navigate the crypto landscape safely and responsibly.