There are several opportunities online where you can earn free cryptocurrency. Faucets provide a platform where you can literally earn free crypto coins! So if you’re curious about cryptocurrency but not quite ready to part with any money, earning free cryptocurrency is a great way to dive into the crypto world without taking any risks. My free crypto page provides a step by step guide on how to get free cryptocurrency with the faucets I am using. It starts adding up in no time. As the cliche goes, ‘every little counts!’
What is a faucet?
A bitcoin faucet is a website or app which rewards users for completing a small captcha or task. Different faucets allow you to claim at different time intervals. The moon faucets I have shared on my free crypto page can be claimed from every 15 minutes and the telegram bots you can claim daily. The aim of a bitcoin faucet is to educate and facilitate adoption of cryptocurrency. Obviously, the best way to encourage widespread adoption of cryptocurrency is to get people using cryptocurrency. The faucets make their money through promoting and advertising cryptocurrency products and services.
Does it really work?
Yes! The faucets I am sharing on this website really do work. That is, they pay the money to your coinpot wallet as soon as you make a claim for any of the coins and you can withdraw the crypto to your external wallet once you have reached the minimum withdrawal threshold. Once requested, the withdrawal will arrive in your wallet within 48 hours (see screenshot below). The minimum withdrawal for litecoin is 0.002 LTC, which is a very small amount (this is a good thing as you can withdraw the small change without having to build up a huge balance).
—> This is how you withdraw from coinpot.
—> This is a previous withdrawal from coinpot, not from the screenshot above.
Can you give me any tips to earn quicker?
There are a few ways to build up your balance quicker. Firstly, you can turn on the mining function in coinpot (or on the bitcoin faucet). Keep an eye on this as it will use processing power on your device. You also have to keep the page open on your device. You will see the mining earnings credited to your coinpot account.
Secondly, you can claim every 5 minutes if you want to with these faucets, which obviously will build up your balance quicker, but few of us have time to do this every 5 minutes. However, make sure you do it daily in order to benefit from the daily bonus. The daily bonus increases by 1% per day for every day you make a claim, but will go back down to 0% if you miss a day. This happened to me as I was just starting to gain momentum, so try and make a habit of claiming once a day if you want to see the benefit.
Thirdly, share with your friends. Share your referral link (see screenshot below) with friends and family and you will earn a percentage every time they make a claim. Click on the menu then click on refer to display your link. This really helps build it up a lot faster!
As each faucet only pays a small amount of crypto, my final tip would be to claim for each of the different crypto coins (not just your favourites), as you can convert all the coins to one coin and get to withdrawal point quicker that way. I converted all mine to litecoin for my withdrawal and it does add up! Just go to the coins you want to convert and click on ‘convert coin to’.
What can I do with my earnings?
Well, that is up to you. You can either keep it in your wallet, transfer to a hardware wallet and wait for it to increase in value or you can use it to earn more cryptocurrency. I put mine into high yield programmes to grow them further, though I will make it very clear that this is risky. However, I am more than prepared to take the risk with free money. And so far, I’ve been doing pretty well out of it! You can get involved from as little as 0.001BTC in some of these so I will soon do a separate blog reviewing the opportunities I have tested.
This is a great little way to get involved in the cryptocurrency world. It feels great when you withdraw even a small amount of crypto coins to your external wallet! And it just gets you using and learning about cryptocurrency. If you want to get started, follow the process outlined on my free crypto page.
Any thoughts or feedback always welcome 🙂