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Webull is a commission free stock and crypto trading platform. Right now, Investing Simple readers can get up to 12 free stocks with their current promotion. Open an account to receive 2 free fractional shares worth $3 to $300. Deposit any amount of money to receive 4 to 10 more free fractional shares worth $7 to $3,000. Promotion expires 8/31/2022.
Get $5 FREE Bitcoin From Coinbase Today
Coinbase is offering new users a $5 bonus paid in Bitcoin. All you have to do is make your first crypto purchase after signing up.
Written by Ryan Scribner on August 2, 2022
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5 Best Free Crypto/Bitcoin Promotions In August 2022

If you are new to the world of crypto investing, one of the first decisions you have to make is what crypto platform to use.

There are countless platforms to choose from, and they are all competing for your business.

As a result, many are willing to hand out incentives in order to get you to sign up with them. This is usually in the form of free crypto, usually Bitcoin.

At the end of the day, you want to pick the platform that is best for you. However, earning something in return is always an added benefit.

Here's a roundup of the best free crypto and best free Bitcoin promotions for August 2022!

Best Crypto Promotions

BlockFi$15 To $250 Free Bitcoin When You Deposit $100+Download
coinbase table new$5 Free Bitcoin When You Verify Account/Make 1st DepositDownload
SoFi Robo Advisor$10 To $100 Free Bitcoin When You Buy $50+ CryptoDownload
Webull Logo$5 Free Crypto (Choose From 5) For Completing 1st Crypto TradeDownload

1. BlockFi - Earn Up To $250 Free Bitcoin

If you sign up for BlockFi using our button below or this partner link, you can get up to $250 in free Bitcoin!

You can read the full details about the BlockFi free Bitcoin promotion here, but let's cover the basics now.

The payout in Bitcoin is based on your average daily deposit balance over a few month period. So, you won't get your free Bitcoin instantaneously.

Nonetheless, here's what you can earn based on your average daily deposit balance:

  • $100 to $1,499 balance = $15 BTC
  • $1,500 to $19,999 balance = $20 BTC
  • $20,000 to $39,999 balance = $40 BTC
  • $40,000 to $74,999 balance = $75 BTC
  • $75,000 to $99,999 balance = $100 BTC
  • $100,000+ balance = $250 BTC

So, you would need to deposit and maintain an average balance of $100,000 or more over a few month period in order to get $250 worth of free Bitcoin.

2. Coinbase - Earn Up To $205 Free Bitcoin

Trade cryptocurrency with Coinbase

Next we have one of the most popular exchanges which is Coinbase.

There's actually two really solid ways to earn free crypto from Coinbase:

  1. You can get $5 of Bitcoin for free when you sign up using our link or the button below
  2. Then, you can earn free crypto via Coinbase Earn, where you get paid for learning about new tokens
  3.  You can also earn up to $200 when new users spin the wheel when they first sign up

You can read the full details about the Coinbase free Bitcoin promotion here, but let's cover the basics now.

Here's how to get your free Bitcoin reward:

  1. Sign up for Coinbase with the button above
  2. Verify your ID
  3. Make your first cryptocurrency purchase

Coinbase will randomly give you the $5 reward for completing either step 2 or step 3 above. 

Once you complete both, you will automatically receive $5 worth of Bitcoin into your portfolio.

After that, navigate over to Coinbase Earn to start learning about new tokens and earning even more free crypto in the process!

3. SoFi - Earn $10 To $100 Free Bitcoin Based On First Transaction

SoFi Robo Advisor

In order to earn the Bitcoin bonus, you need to open a new account with SoFi here and make a purchase of $50 or more within 7 days. 

The bonus payout amount is based on the value of the first trade amount:

  • $50 to $99.99 worth of crypto, earn a $10 Bitcoin bonus
  • $100 to $499.99 worth of crypto, earn $15 Bitcoin bonus
  • $500 to $4,999.99 worth of crypto, earn $50 Bitcoin bonus
  • $5,000+ worth of crypto, earn $100 Bitcoin bonus

For more info, here's our full article on the SoFi free crypto promotion.

4. Webull - Earn $5 Free Crypto (Choose From 5) After First Trade

Webull Logo

While they are most well known for offering commission free stock trading, Webull also supports cryptocurrency trading.

They are ready to help you get started on your crypto journey with a $5 bonus!

Even better, you get to choose between these 5 crypto's:

  1. SHIB - Shiba Inu
  2. DOGE - Dogecoin
  3. BTC - Bitcoin
  4. ADA - Cardano
  5. ETH - Ethereum

In order to get your $5 bonus crypto, you have to open a Webull account here or using the button below.

After that, simply complete 1 crypto trade to get your free reward!

Check out our full article on the Webull free crypto promotion here to learn more.

5. Okcoin - Earn $10 Free Bitcoin

Purchase MiamiCoin on okcoin

Okcoin is a crypto exchange that allows you to trade a number of cryptocurrencies as well as earn rewards through stacking.

They also offer some niche tokens that you don't see everywhere, such as MiamiCoin.

Okcoin has a really good referral program.

If you use my referral link or the button below, you get $10 of free Bitcoin when you buy $100 worth of any cryptocurrency on Okcoin!

Okcoin is a globally licensed exchange with offices in San Francisco, Miami and other big cities. They also have a really sleek, easy to use app which is great for beginners.

Fees are quite reasonable on the platform, so you may decide to check it out to learn more. Here's a full write up on the Okcoin free Bitcoin offer.

best free bitcoin and crypto promotions
Article written by Ryan Scribner
Ryan Scribner is a personal finance YouTuber that is approaching 500,000 subscribers on his channel. He has created a thriving business around his passion, which is helping others navigate the complicated world of investing.

Platform Reviews

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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