There's plenty of faucet websites out there to claim cryptocurrency, but only a few of them are worth of mention.
CoinPot is a cryptocurrency microwallet platform which has its 7 faucet websites connected to it.
While most of the faucets out there require you to perform multiple anti-bot checks and will ask you to fill the captcha codes multiple of times before letting you to actually claim a given amount of coins, CoinPot is a little bit different.
How this stuff actually works?
Faucet websites are made so their owners can earn by serving ads to their visitors. So, practically you don't get these coins for free, you get them only because the website owner is also making some money while having you visit his website couple of times a day.
Unlike others that either serve too much of ads and require multiple steps to claim the coins, CoinPot's faucets are easy to claim and you can get the withdraw threshold as soon as you want.
What is CoinPot?
CoinPot is a microwallet website that is connected to 7 faucets where you can claim free coins. These are:
==> Moon Bitcoin
==> Moon Bitcoin Cash
==> Moon Dogecoin
==> Moon Litecoin
==> Moon Dash
==> Bitfun
==> Bonus Bitcoin
Each of these websites will let you claim free portions of cryptocurrency every couple of minutes. The first five on the list will also give you some bonuses if you claim every day, these can go up to 100% if you don't miss a day.
To register on the faucet websites listed above, you need first to make a CoinPot account and then use the email address you used for CoinPot account to get logged in into these faucets.
They're all connected with CoinPot and once you claim even the smallest possible amounts, you will get them loaded into your CoinPot wallet.
You can access all of the coins you claimed by visiting CoinPot's dashboard.
Getting Faster to the Payment Threshold
If you want to withdraw your coins from your CoinPot wallet to a real wallet you own, you need to reach a payment threshold specified for the coin you want to withdraw.
Currently, the threshold for withdrawing Bitcoin without fees is 100k satoshis, for Dogecoin it is 50 Doges and, for example, if you decide to withdraw Bitcoin Cash, you can do it with zero fees and really low threshold of 0.0001 BCH
The threshold for Dogecoin is also pretty low, it's 50 Doges.
In order to get faster to the threshold, you need to convert all of the coins you claimed into a coin you prefer. We recommend you to use either BCH or Doge, both of these have low thresholds and transactions are quick enough.
Dogecoin is technically faster to transact and has plenty of online wallets that will let you easily receive and send your coins, and if you're just starting with cryptocurrency, you might want to give it a try.
Both, Dogecoin and Bitcoin Cash have pretty supportive communities on Reddit.
How much will I earn?
The point of faucets is not that much about earning as it is about getting started with using cryptocurrency and getting familiar with the technology.
However, if you consider that cryptocurrency are also a kind of assets or stocks, then these cryptos you earn through faucets could be slightly more valuable than their current fiat value.
The amount you would be able to claim will also depend on the current state of the market, if the prices of the coins you claim are high at the time, you will most likely get smaller portions than when the prices are lower.
Usually, it should take you a day or two to get to the threshold to withdraw 50 Doges or 0.0001 BCH.
Which wallets should I use?
That depends on you, when it comes to wallets, you will want at some point to read more about those who give you private keys and those who don't.
Dogechain.info is a wallet that you can use to withdraw your Doges and you can do the same for Bitcoin and Bitcoin Cash on Blockchain.info.
IMPORTANT: Both of the wallets listed above will give you the private keys. Make sure you store these keys as well as your login information somewhere otherwise you might not be able to retrieve access to your wallet once you forget the password.
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Nice write up. I agree, faucets are a great first step and Coinpot is perfect because it sets everything up for you. That's why I'm using it in my experiment.
I decided to model out how much you could make using Coinpot in 1 year. The amount you make depends on a variety of factors including: the original claim amount, the number of times you claim a day, the number of referrals you have, the number of times your referrals claim a day, loyalty days and a number of other factors, not to mention the price of crypto at the end of the year (as you say).
As long as you follow the incentive structure you can make make as little as $900 or as much as $2 million in 1 year. I walk through the model and reasoning here...
https://medium.com/@celanbryant/how-to-make-900-to-2-million-on-coinpot-in-1-yr-a17b28fb3056
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nice info
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The most legitimate way to get crypto currency is to buy them
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Coins mentioned in post:
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