After the first article How to get free Bitcoins – The Bitcoin Faucet List, I have decided to write about Bitcoin and Altcoin Faucets on a more regular basis because there is just so much information to cover!
I would highly recommend reading the other article first if you are new to Bitcoin, Altcoins and Faucets because the information here might make little sense.
If you already an experienced Faucet trooper than you welcome to advise the audience further below in the comment section.
This is going to be a very exciting series of articles because as you read you will:
- Discover the potential of collecting bitcoins and altcoins absolutely free, with $0 investment required!
- Have the advantage of knowing which faucets you can trust and which ones to avoid.
- Find a red list for all the scams and a green list for all the legit ones that pay.
- Complete tasks that will earn you Bitcoin and other Altcoins.
- Find videos that will help you become more educated about Bitcoin and cryptocurrency.
- Learn the advantages and disadvantages of faucets.
- Learn strategies to earn different cryptocurrencies fast by using specific tactics and multiple faucets.
- Learn about loyalty, referrals, tasks and mystery bonuses that can increase your claims by up to 1250% a day!
- Learn about different kinds of wallets and micro-wallets, how they work, how to create and use them.
- Learn techniques we use to find genuinely interested and active referrals.
- Learn to build passive income streams and much more!
Please remember I will NOT be showing you any “get rich quick” schemes here!
A lot of what will be shared doesn’t require any experience nor any special skills but if you want to make good money it does take time, hard work, focus and dedication! Oh and a computer with internet connection of course 🙂
Some readers enjoy the finest details so I intend to deliver everything I’m learning and experiencing using faucets.
WHAT IS A BITCOIN FAUCET?
WHICH CRYPTOCURRENCIES SHOULD YOU COLLECT OR MINE?
Firstly there is a difference between mining cryptocurrencies and collecting from faucets.
For mining you need a contract or be able to supply your own mining equipment like CPU’s (Processors) and GPU’s (Graphics Cards).
Collecting from faucets only requires that you have a compatible Bitcoin / Altcoin e-wallet and a computer with internet.
WARNING – There are many fake e-wallet sites out there, if you not sure which ones you should use please leave a comment here for advice or contact support or you can leave a comment below.
One of the safest options is to buy a Ledger Wallet if you can afford one. For depositing larger amounts it is really worth it.
For Bitcoin we have used Coinbase, which also allows you to collect Ethereum and Litecoin.
Alternatively people like using Blockchain
In South Africa a lot of people recommend Luno.
DONT’S – Do not get involved in any illegal activities online in any way! (black money). Coinbase, Blockchain and Luno addresses / accounts that claim black money can and probably will be frozen!
There are currently a lot of disgruntled individuals like gamblers, porn site owners and others trolling the forums that Coinbase has scammed them but they don’t want to admit how they got their Bitcoin or Altcoins, this seems to be the case with a lot of these complaints and frozen accounts.
Personally we have not had issues with Coinbase yet and have been using it for transactions no problem.
Are you excited and ready to begin collecting free bitcoins and altcoins?! 🙂
Signup with CoinPot.
CoinPot is a microwallet and accumulates your smaller collections until there is a significant amount to be transferred to your Coinbase account.
This microwallet can accumulate 3 different cryptocurrencies. Bitcoin, Litecoin and Dogecoin.
The first 2 can be deposited into your Coinbase account but for the Dogecoin you will need to use a Dogechain Wallet.
Signup with these 3 most trusted, rated, user friendly and recommend Bitcoin & Altcoin Faucets currently online.
Claim your first Satoshi, Dogecoin and Litoshi amounts by logging in and completing the reCAPTCHA security test.
You will be able to do this every 5 minutes with these three faucets! That’s right, no jokes.
If you do not collect every 5 minutes the amounts will still accumulate but slower and slower as time passes.
Ideally you want to claim at least once a day so you can build the “Daily loyalty bonus” that can go up to 100%.
Each time you claim there is also a “Mystery bonus” that will be random from 1% – 100%.
With loyalty, referrals, tasks and mystery bonuses you can get up to 400% extra with each claim.
Once you have referrals you will earn 25% – 50% on all their claims as well!
MOON BITCOIN REFERRAL COMMISSION – 50%
MOON DOGECOIN REFERRAL COMMISSION – 25%
MOON LITECOIN REFERRAL COMMISSION – 25%
This can easily become a lucrative passive income stream with the right strategy.
VIDEO – Doug Casey discusses the implications of Fedcoin & Bitcoin.
Hope you enjoyed this first part of The Bitcoin Faucet, learned something or gained some value.
Please feel free to comment below should you need help or have any questions.
You can also warn and help the community by reporting a scam faucet or similar site or if you have something interesting to share with the audience.
Will be glad to assist you in anyway I can.