WHAT WILL BE COVERED IN EPISODE 3
In the last article of the free Bitcoin guide and I will be revealing how quickly accumulate your bitcoin fortune within a couple days. February the 5th was the beginning of free coin portfolio and its value to date has increased by 133.22%. Imagine what I will have in one month, some of my trades are worth less than this thanks to this huge dip. Here's a graph demonstrating the value growth:
HOW TO REACH THE MINIMUM WITHDRAWAL LIMIT & GROW AS FAST AS ME
Since the market correction began, I have been focusing in finding a way to maximize my free cryptocurrencies earnings. After one week of intensive research, I found a way to quickly gain the minimum withdraw from some coin faucets. Most people desist to play with faucets because it would take them FOREVER to reach the minimum withdrawal limit.
Example: most coin faucets set a minimum BTC withdrawal limit between 10,000 to 30,000 satoshis and you earn around 15-30 satoshis per hour. Assuming you can play for 6 hours a day, it would take you between three to six months to withdraw it. Note that withdrawal limits for bitcoin are much higher than other altcoins due to transaction costs.
Is it worth it to wait this long for so little? Most people wouldn't wait. What if I told you that you could withdraw your coins in less than one week? Yes! This is possible. In fact, I reached my withdrawal limit within two days. Moreover, I'm going to create a step-by-step list on how to reach this level. There's 13 sites in my list but you can choose more or less. Why 13 websites? Because these are the best of ones! The goal here is to maximize your Bitcoin balance, you can earn other altcoins and then exchange them for more bitcoins later. All in all, you are maximizing your earnings by playing with 13 faucets simultaneously. The following graph illustrates what you should do with your other altcoin earnings.
STEP 1: REGISTRATION
To start, you will need to open an account with the recommended websites below, don't worry the registration is fairly easy and quick. The most important sites are FreeBitco.in, Coinpot.co, and Faucethub.io because these sites will serve as your online wallets. However, your ultimate goal should be to transfer your Coinpot and Faucethub balances to FreeBitco so you can earn compounded interest on your balances. Here's a list of all the sites then I'll explain what you need to do with each website:
- FreeBitco.in: Free Bitcoins roll without ads
- FreeDoge.co.in: Free Dogecoins roll without ads
- Coinpot.co: Microwallet website
- Faucethub.io: Microwallet website like Coinpot.co with faucet functions
- Bonusbitcoin.co: Free Bitcoins with super rewards
- Bitfun.co: Free Bitcoins with super rewards
- Moonbit.co.in: Free Bitcoins with super rewards
- Moondoge.co.in: Free Dogecoins with ads
- Moonliteco.in: Free Litecoin with ads
- Moonb.ch: Free Bitcoin Cash with ads
- Moondash.co: Free Dash with ads
- Coinfaucet.io: Free XRP (Ripple) rolls with ads
- XPM-faucet.com: Free XPM (Primecoin) rolls with ads
- qoinpro.com: Super wallet with 24 free coins for signup without ads
STEP 2: GROW YOUR MICROWALLETS
Why? Remember that you want to maximize one coin of your choice with as many coin faucets working simultaneously. My choice is Bitcoin because I can get interest of 4.08% compounded daily on FreeBitco.in. Further, each faucet listed above have a different different way to earn coins. Now, I'll briefly cover each website with a pros & cons analysis. Before we move on, I summarized all the faucets here in the table below.
Faucet Type: Direct & indirect faucets are defined by how users get their payouts. Direct faucets send the user's earning straight to a microwallet whereas indirect faucets keep user's balance until they reach a minimum withdrawal limit.
Payout: Where the users' fund will be sent after it's withdrawn.
PROS & CONS ANALYSIS
FREEBITCO.IN
PROS
1) Chance to win $250USD in BTC every hour. Benefit: quantity goes up when prices go down; 2) Every roll gives you 2 lottery tickets & 2 reward points. If you're lucky, you can win up to 0.7BTC but the real catch is the reward points. Once you accumulate 320 reward points, you can redeem them for 100% additional free BTC bonus for a 24 hours period. As a result, you double every earnings every hour; 3) Earn 4.08% interest compounded daily on balances higher than 30,000 satoshis; 4) Referral program & NO ADS!
CONS 1) Two factor authentication is not available.
FREEDOGE.CO.IN
PROS
1) Chance to win $250USD in DOGE every hour. Benefit: quantity goes up when prices go down; 2) Quantity given per roll is high compared to competitors; 3) Referral program & NO ADS!
CONS 1) Two factor authentication is not available; 2) No interest on the balance & reward program;
COINPOT.CO **MUST HAVE**
PROS
1) Many sites listed below will be transferring your balance to CoinPot right away. To top it off, the site has a user-friendly interface with a slick design. CoinPot currently supports five major coins shown above; 2) Each coin can be easily converted into a coin of your choice. There's also an option to mine each coin but I wouldn't suggest this if you're not comfortable with it; 3) Infographics and charts on each coin with no ads; 4) Two factor authentication enabled.
CONS 1) More coin selection would have been great!
FAUCETHUB.IO
PROS
1) Another must have microwallet. Many sites listed below will be transferring your balance to CoinPot right away. FaucetHub currently supports seven major coins shown above; 2) Internal exchange for coin conversion; 3) The site functions with AdBlock turned ON.
CONS 1) Can be tough to navigate for some.
BONUSBITCOIN.CO
***Balances are automatically transferred to Coinpot.co***
PROS
1) This is my favorite website! All the benefits are listed above and you can easily earn 150 to 250 satoshis per hour (1 claim every 15 min); 2) Automatic 5% daily bonus on your ENTIRE EARNINGS TO DATE!! The more you claim, the more bonus points you get; 3) Option for SuperRewards: earn up to 60,000 satoshis by completing simple tasks. I earned 15,000 satoshis in one afternoon after I completed two 10 minutes surveys. You can also earn thousands of satoshis by downloading apps and clicking on advertised sites.
CONS 1) Can be tough to navigate for some; 2) AdBlock must be turned OFF.
BITFUN.CO
***Balances are automatically transferred to Coinpot.co***
PROS
1) GO TO VIEW OFFERS! You don't have time to claim every hour. No worries. BitFun allows you nclaim your BTC whenever you want. I usually claim about 100 to 150 satoshis every 12 hours. 2) Option for SuperRewards: earn up to 60,000 satoshis by completing simple tasks. I earned 15,000 satoshis in one afternoon after I completed two 10 minutes surveys. Same as BonusBitcoin.
CONS 1) AdBlock must be turned OFF.
MOONBIT.CO.IN, MOONDOGE.CO.IN, MOONLITECO.IN, MOONB.CH, & MOONDASH.CO
***Balances are automatically transferred to Coinpot.co***
PROS (Faucets for Bitcoin, Doge, Litecoin, Bitcoin Cash, & Dash)
1) All these website sites are also a must have!! You earn coins by creating an account and you can leave your balance there and it will grow faster than BitFun. I usually claim after 24 hours but you can leave it there up to 1 month; 2) ONLY Moonbit.co.in has the option for SuperRewards: earn up to 60,000 satoshis by completing simple tasks. I earned 15,000 satoshis in one afternoon after I completed two 10 minutes surveys. Same as BonusBitcoin; 3) The image above shows the extra bonuses you earn after claiming your coins. Great feature!
CONS 1) AdBlock must be turned OFF.
QUOINPRO.COM
PROS
1) NOW THEY OFFER 24 COINS FOR FREE! Your beginning balance for popular coins begin with 250 satoshis or more; 2) Easy to use and perfect if you are new to cryptocurrencies. @Blockchainttmft wrote a good article on QuoinPro; 3) Great referral system!
CONS
1) AdBlock can be turned ON. NOADS! 2) Website can be slow at times. Refresh it and you should be good.
STEP 3: DO SURVEYS FROM BONUSBITCOIN.CO, BITFUN.CO, & MOONBIT.CO.IN!!!
My BTC balance increases tremendously when you complete surveys or smaller tasks on these sites. Some users told me they never got awarded for doing the surveys and there's a couple reason for this. To remediate this situation, here's how I grow my BTC account:
- Create a profile that marketing research companies will most likely approve. The most desirable demographics are: women; age between 25-35; college education; income level lower than 30-40K.
- Create a fake profile just for the surveys. I strongly recommend not to use your real information for security purposes. Write down all the information and always input the same information otherwise the system will not credit you anything. They can spot cheaters very easily!
- WANNADS so far has been the most paying survey site for me. The image below shows the compensation in BTC for each survey.
Here's a screenshot of my CoinPot.co Bitcoin account performance in the last 10 days. Do you see how the surveys are bumping my balance to new highs everyday?
Let me know what you think about my article in the comments section. Good luck with your coin collections and KEEP THEM SAFE!
Did you like my research? Upvote and resteemit!
I adore your formatting skills! You should do a post about advanced formatting on your blog! I'm definitely going to like it :)
Thank you! That's a great idea. I will do one soon :)
Text me as soon as it’s up so I don’t miss it! I’m already so excited for it! Thanks man🙏🏻
Alright! Will do @simple.pure.katy
Great write-up showcasing the opportunities with these Bitcoin faucets!
I don't know anything about these faucets; are they fundamentally different from the crypto-lending exchange scams like BitConnect and USI Tech?
Guaranteed interest payouts always draw red flags for me.
I also noticed that you elected for the "all Steem" payout for this post. You'll want to research the pros and cons of that, and see what works best for your situation. From my experience when I went all Steem, my payouts were less than choosing the Steem/SBD combo.
Thank you @bullishmoney! I appreciate it.
Yes, they are fundamentally different from crypto-lending exchanges like Bitconnect. In fact, they are nothing alike. Allow me to explain, when playing with the listed faucets above, the sites will NOT ask for any initial investment or anything of the sort. The business model of these faucets is quite simple. Freebitco is one of the first faucets and it was developed by one of the Bitcoin's developers. The same creator started Freedoge. The functions within the website are simple, you simply roll every hour and you have the chance to win up to $250USD in BTC or Doge. In addition, there's no ad revenue on these two sites so the site probably covers the operations with the chance game.
With regards to the interest on your balance, Freebitco probably use your balance to cover other people's winning and vice versa. My balance has never been touched and I can withdraw it whenever I can with 1 confirmation. FreeBitco is the most trusted faucet since 2010 and has given away more than 130,000BTC with over 12,000,000 daily users. One thing is for sure, they are not going anywhere.
Further, the other faucets that I mentioned run on ad revenue so it's a little annoying but it's nothing unbearable. Bitfun, Bonusbitcoin, and Moonbit give you the opportunity to earn BTC if you complete surveys. This model is not new but if you want to collect more free BTC it's not a bad option. I usually complete surveys within 10-20 min while I'm commuting to work and home.
Lastly, I did change the setting to see if my earnings would change. Duly noted. I also read on an article that the 50/50 setting allows you to earn more. Unfortunately, I cannot reverse my decision but I will keep it in mind for next posts.
Thanks will check out provided websites!
Free crypto is always good :)
Awesome! Let me know if you need any help
Coins mentioned in post:
Is very interesting!
Please more of this topic!
Thank you! Is there anything in specific that you'd like to hear on this topic?
Good tutorial !!! thanks, I will try sites !!!
if that works, it will be great !!!
Thank you! Let me know your experience with the suggested sites
Love this post I will look into these sites been looking to mine the best ways to do it
Thank you! Let me know if you need help with anything else
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It's good to see there are ways to earn free Bitcoins by completing tasks, I would rather get paid in Bitcoin than cash anyway, at least the Bitcoin will be worth more later.
I remember hearing about a Bitcoin faucet that used to give out 5 Bitcoins years ago, if only I knew back then.
Exactly!! Can you imagine?? Wow... It's because the BTC quantity is fixed to a dollar value. With that in mind, if you get free coins now, they will be worth a lot more later
Upvoted!
Let me add btcmath.com please, as it rewards 50-1000 sats every 15 minutes, doesn't contain ANY ads yet, and gives 5% ref. :)
thanks, I also have long known bitcoin
You're welcome! Have you ever used any of these coin faucets?
of course, I've used it.
first i know the cryptocurrency and there is no capital, i tried this. Such as: freebitcoin, freedogecoin, moonbitcoin, moondogecoin, as well as using faucethub
Awesome! Did you ever try to do surveys on Bitfun, Bonusbitcoin, and Moonbit? These sites give you the opportunity to earn BTC if you complete surveys.
I have not, I just know it from this post, thanks
Try them out! You can easily earn a lot with those surveys if you follow the steps I wrote in step 3. Let me know if i can clarify it further
Fantastic in depth article! Which faucets in your opinion give the best payout?
Cheers @mikerowave
Thank you @mikerowave! I tried to place all the faucets into this table. They all work differently so the best payout would depend on how much time you can invest into this. I uploaded a table on my post showing the differences between all the faucets and which one earn you the most per day. Let me know what do you think.
nice one i think you did it this time
Cheers! Thank you
Thanks a lot for tutorial, it's very interesting. Upvote and follow
Thank you! I hope to see you here again soon. Cheers!
Its indeed understandable
Have you ever tried to earn it for free?