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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"kocakabdullah",<br>"permlink":"how-much-can-you-make-on-coinpot-in-1-year",<br>"title":"How Much Can You Make on Coinpot in 1 Year?",<br>"body":"<html>\n<p><img src=\"https:\/\/cdn-images-1.medium.com\/max\/1600\/1*4zfXX8MNpez22h5nWbV5Ww.png\" width=\"937\" height=\"656\"\/>How Much Can You Make on Coinpot in 1 Year?<\/p>\n<p>Estimates assume Bitcoin,<br> Dogecoin,<br> Litecoin and Dash grow at the same rate that they did last year.<\/p>\n<p>I recently wrote an article titled: <a href=\"https:\/\/medium.com\/@celanbryant\/mine-cryptocurrency-for-free-using-coinpot-the-bitcoin-faucet-experiment-a83de1404bff\">Mine Cryptocurrency For Free Using Coinpot: The Bitcoin Faucet Experiment.<\/a> The main question I get is how much can you make? It\u2019s a fair question. People want to know how much they can make before investing the time. I understand.The answer is: it depends. There\u2019s a wide range. <strong>Based on my model you can make as little as $900 or as much as $2 million in 1 year.<\/strong> It depends on a variety of factors including: the original claim amount,<br> the number of times you claim a day,<br> the number of referrals you have,<br> the number of times your referrals claim a day,<br> loyalty days and a number of other factors,<br> not to mention the price of crypto.I had to create a calculator to figure it all out. Within the calculator I\u2019ve created scenarios that help to understand how the different factors above can impact your daily claim amount. These scenarios are labeled min,<br> mid and max. The min scenario represents the person who puts forth the least amount of effort. The max scenario models out the power user with the highest amount of activity. The mid scenario is somewhere in between.Here\u2019s a quick slide to help explain each scenario:<\/p>\n<p>In other words,<br> Min activity is just mailing it in with one click a day. Mid activity is someone with 100 referrals making between 25 and 48 claims a day,<br> and Max activity is someone who\u2019s maxing out every claim. I like to the think of Min as a lower limit,<br> Max as an upper limit and Mid as an average.Next,<br> I annualized the daily claim amount from each faucet calculator under each scenario,<br> made a forecast of crypto currencies one year from today and these are the results.<\/p>\n<h3>The Results<\/h3>\n<p>The first set of results provides an estimate of how much you can make if crypto prices remain the same as they are today.As you can see from the boxes highlighted in yellow,<br> the minimum amount you can make is around $900,<br> the middle point is around $10K and the max is almost $70K.<\/p>\n<p>1 year estimate of what you can make using Coinpot faucets based on <strong>current<\/strong> cryptocurrency prices<\/p>\n<p>So,<br> another way to interpret the results is:<\/p>\n<ul>\n <li><strong>If you\u2019re just mailing it in with 1 claim a day for the rest of the year and have no referrals,<br> you can make $900,<br> providing prices remain the same.<\/strong><\/li>\n <li><strong>If you make 24\u201348 claims per day with 100 referrals doing the same thing,<br> you can make $10K,<br> providing prices remain the same.<\/strong><\/li>\n <li><strong>If you make max claims per day (58\u2013288) with 500 referrals doing the same thing,<br> you can make $70K,<br> providing prices remain the same.<\/strong><\/li>\n<\/ul>\n<p>The thing about crypto is that the price does not stay the same. As much as I like free money I wouldn\u2019t be advising you to do this for $900 a year\u200a\u2014\u200athough that\u2019s nothing to sneeze at,<br> especially if it\u2019s free. Early investors of Bitcoin paid just $.06 for a Bitcoin. A $100 investment seven years ago would be worth $28 million today. It is highly unlikely that crypto prices in one year will be what they are today.What if crypto prices grew 30% on average? The following chart shows what happens to the value of your crypto holdings if crypto prices at the end of 2018 are 30% higher than they are today.<\/p>\n<p>1 year estimate of what you can make using Coinpot faucets based on <strong>30% increase<\/strong> in cryptocurrency prices<\/p>\n<ul>\n <li><strong>If you\u2019re just mailing it in with 1 claim a day for the rest of the year and have no referrals,<br> you can make $1,<br>100 with a 30% increase in prices.<\/strong><\/li>\n <li><strong>If you make 24\u201348 claims per day with 100 referrals doing the same thing,<br> you can make ~$13K with a 30% increase in prices.<\/strong><\/li>\n <li><strong>If you make max claims per day (58\u2013288) with 500 referrals doing the same thing,<br> you can make ~$90K with a 30% increase in prices.<\/strong><\/li>\n<\/ul>\n<p>This is amazing,<br> but again,<br> I wouldn\u2019t be telling you to do this for $1,<br>100. The reason people are interested in cryptos,<br> the reason why people are taking out a mortgage on their home (DO NOT DO THAT) to invest in cryptocurrency is because of the exponential growth rates. Bitcoin,<br> Dash,<br> Litecoin and Dogecoin all grew by 1326%,<br> 5935%,<br> 5215% and 3916%,<br> respectively,<br> over the last year (Bitcoin Cash just started in late July\/early Aug.).This is amazing growth and there\u2019s a chance it won\u2019t ever happen again,<br> but cryptos have been on a growth trend for the past five years so I don\u2019t think last year was a fluke. Here\u2019s a chart showing the pace of growth in the crypto market over the last 5 years.<\/p>\n<p>Cryptocurrencies have grown exponentially over the last five years<\/p>\n<p>As you can see,<br> market capitalization grew from $8.8 billion in 2013 to $221 billion in 2017. 2014 was a bad year,<br> but all other years saw phenomenal gains. Now that the word is out about the use value of cryptos,<br> I believe the growth trend will continue to grow exponentially.So what if the cryptos in your Coinpot portfolio grow at the same level they grew at last year in 2018? These are the results:<\/p>\n<ul>\n <li><strong>If you\u2019re just mailing it in with 1 claim a day for the rest of the year and have no referrals,<br> you can make<\/strong> <em><strong>$13K<\/strong><\/em> <strong>if prices grow the same rate as they did last year.<\/strong><\/li>\n <li><strong>If you make 24\u201348 claims per day with 100 referrals doing the same,<br> you can make<\/strong> <em><strong>~$240K<\/strong><\/em> <strong>if prices grow the same rate as they did last year.<\/strong><\/li>\n <li><strong>If you make max claims per day (58\u2013288) with 500 referrals doing the same thing,<br> you can make<\/strong> <em><strong>~$2 million<\/strong><\/em> <strong>if prices grow the same rate as they did last year.<\/strong> <em><strong>Note: there is no max on referrals so this could be higher.<\/strong><\/em><\/li>\n<\/ul>\n<p>Cryptos may not be able to keep up the bull run they had last year,<br> but if they do it means you could be sitting on a nice portfolio of crypto by the end of the year without spending a dime.Here\u2019s a quick overview slide of all three price scenarios.<\/p>\n<p>The amount you make depends on the level of activity of you and your referrals<\/p>\n<p>No matter what the scenario,<br> in terms of activity level or price,<br> Coinpot is a great way to invest in cryptocurrency without incurring any risk. It\u2019s also great for people that are new to the cryptocurrency world. You don\u2019t have to buy anything or set anything up. It\u2019s all been done for you and <strong>it\u2019s all free<\/strong>. <strong>All you need is a computer and an email address<\/strong>. To be clear,<br> not all faucets are like Coinpot,<br> so be careful. The reason I chose Coinpot for this experiment is due to its ease of use and credibility. I\u2019m currently working on a few others and will send out a post when that happens.<\/p>\n<h2>How To Sign Up For & Maximize Coinpot Faucets<\/h2>\n<p>So now that you see the potential,<br> these are the steps to sign up and get started:<strong>Step 1: Sign up for a<\/strong> <a href=\"https:\/\/coinpot.co\/\"><strong>Coinpot MicroWallet<\/strong><\/a><strong>(https:\/\/coinpot.co\/).<\/strong> This is where each faucet will send your \u201cclaim\u201d. When you reach your withdrawal minimum,<br> you will want to move your crypto currency from your software wallet (CoinPot) to another wallet.<strong>Step 2: Sign up with each of the following faucets.<\/strong> Each one of these faucets is <strong>already connected<\/strong> to your Coinpot MicroWallet. As long as you sign up with <strong>the same email address you used to sign up for your Coinpot<\/strong>,<br> they are automatically connected. Play around with each faucet a bit to get a feel for how this works. Please use my referral codes to sign up for the faucet.<a href=\"http:\/\/moonbit.co.in\/?ref=fe8f9953b9b6\"><strong>Moon Bitcoin<\/strong><\/a><a href=\"http:\/\/moondoge.co.in\/?ref=208c102df015\"><strong>Moon Dogecoin<\/strong><\/a><a href=\"http:\/\/moonliteco.in\/?ref=66ad958384ad\"><strong>Moon Litecoin<\/strong><\/a><a href=\"http:\/\/moonb.ch\/?ref=2442AA321452\"><strong>Moon BitcoinCash<\/strong><\/a><a href=\"http:\/\/moondash.co.in\/?ref=A410CDEE0EE8\"><strong>MoonDash<\/strong><\/a><a href=\"http:\/\/bitfun.co\/?ref=94F03073311F\"><strong>Bit Fun<\/strong><\/a><a href=\"http:\/\/bonusbitcoin.co\/?ref=9A932E5C6300\"><strong>Bonus Bitcoin<\/strong><\/a><strong>Step 3: Optimize your claim amount on each faucet. I\u2019ve modeled out the performance of each faucet.<\/strong>Each faucet has its own incentive structure. In general there are two different structures. Your goal is to maximize the claim by paying attention to rewards:<\/p>\n<h3><a href=\"http:\/\/moonbit.co.in\/?ref=fe8f9953b9b6\">Moon Bitcoin<\/a><\/h3>\n<p><a href=\"http:\/\/moonbit.co.in\/?ref=fe8f9953b9b6\">MoonBitcoin<\/a><\/p>\n<p>This is a unique faucet. It pays out in Bitcoin. It is the only incentive structure with <strong>5<\/strong> different bonus categories. Each bonus category gives you the ability to double your claim amount. It also pays at 50% for referrals. This makes Moon Bitcoin one of the best opportunities in the Coinpot faucet network. In addition to referrals,<br> Moon Bitcoin also rewards the following:<strong>1) Loyalty bonus\u200a\u2014\u200a<\/strong>Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day,<br> it resets back to 1 and you have to walk up to 100% again.<strong>2) Referral bonus\u200a\u2014\u200a<\/strong>Action: refer at least 100 people to take full advantage of the referral bonus.In addition to getting 50% of your referral\u2019s claims,<br> you also get a 1% bonus for every person you sign up\u200a\u2014\u200aup to 100%. This bonus has a ceiling of 100 people,<br> but your referral commission does not.<strong>3) Offer Bonus\u200a\u2014\u200a<\/strong>Action: do 10 offers to take full advantage of the 100% claim bonus. This bonus has a ceiling of 10 offers.<strong>4) Mystery Bonus\u200a\u2014\u200a<\/strong>Do nothing and earn this bonus.<strong>5) Mining Bonus\u200a\u2014\u200a<\/strong>Mine on your computer for a 100% bonus depending on your hash rate. <em>This is new.<\/em>There\u2019s one other thing that is absolutely critical in your claim amount. This is true for all 6 faucets\u200a\u2014\u200a<strong>the number of times you claim can drastically increase your daily claim amount<\/strong>. For example,<br> based on the current claim rate which is published on the Moon Bitcoin site,<br> if you claim every 5 minutes for 4 weeks you get 16,<br>128 satoshi (assuming no referrals or bonus opportunities). However,<br> if you claim every 4 weeks you get 111 satoshi.The key to optimizing this faucet is to claim every 25 minutes or so. <strong>This is the max out time,<br> not 5 minutes.<\/strong> This may change,<br> but current claim rates show that there is no benefit to claiming at smaller time intervals. You don\u2019t start to make less satoshi until you wait for 30 minutes or more. So you can claim more often,<br> but you won\u2019t make any more than if you claim every 25 minutes (I say 25 because you don\u2019t want to wait until the last minute). This makes MoonBitcoin one of the easier Moon faucets to reach maximum claims on. If you can\u2019t claim every 25 min,<br> at least claim once a day for the loyalty bonus. You want to do 10 offers to take advantage of the offer bonus. You can also get a bonus for mining on your computer. <strong>Focusing on these actions can greatly increase your claims.<\/strong><\/p>\n<h3><a href=\"http:\/\/moondoge.co.in\/?ref=208c102df015\">Moon Dogecoin<\/a><\/h3>\n<p><a href=\"http:\/\/moondoge.co.in\/?ref=208c102df015\">MoonDoge<\/a><\/p>\n<p><strong>Moon Dogecoin is like Moon Bitcoin,<br> but pays out in Dogecoin. All the Moon faucets have the same basic structure,<br> but not as many bonus options.1) Loyalty bonus\u200a\u2014\u200a<\/strong>Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day,<br> it resets back to 1 and you have to walk up to 100% again.<strong>2) Referral bonus\u200a\u2014\u200a<\/strong>Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting <strong>25%<\/strong> (not 50% like Moon Bitcoin) of your referral\u2019s claims,<br> you also get a 1% bonus for every person you sign up\u200a\u2014\u200aup to 100%. This bonus has a ceiling of 100 people,<br> but your referral commission does not.<strong>3) Mystery Bonus\u200a\u2014\u200a<\/strong>Do nothing and earn this bonus.The key to optimizing this faucet is to claim every 25 minutes or so. <strong>This is the max out time,<br> not 5 minutes.<\/strong> This may change,<br> but current claim rates show that there is no benefit to claiming at smaller time intervals. You don\u2019t start to make less dogecoin until you wait for 30 minutes or more. So you can claim more often,<br> but you won\u2019t make any more than if you claim every 25 minutes. I say 25 min because you don\u2019t want to wait until the last minute. If you can\u2019t claim every 25 min,<br> at least claim once a day for the loyalty bonus. This makes MoonDoge one of the easier Moon faucets to reach maximum claims on. You want to refer at least 100 people to take advantage of the referral commission and max out on the 1% per referral bonus. <strong>Focusing on these actions can greatly increase your claims.<\/strong><\/p>\n<h3><a href=\"http:\/\/moonliteco.in\/?ref=66ad958384ad\">Moon Litecoin<\/a><\/h3>\n<p><a href=\"http:\/\/moonliteco.in\/?ref=66ad958384ad\">MoonLitecoin<\/a><\/p>\n<p><strong>Moon Litecoin is the same as Moon Dash (see below),<br> but it pays out in Litecoin. Though it has a similar bonus structure to MoonDoge and MoonBitcoin,<br> it requires more claims to max out.1) Loyalty bonus\u200a\u2014\u200a<\/strong>Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day,<br> it resets back to 1 and you have to walk up to 100% again.<strong>2) Referral bonus\u200a\u2014\u200a<\/strong>Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting <strong>25%<\/strong> (not 50% like Moon Bitcoin) of your referral\u2019s claims,<br> you also get a 1% bonus for every person you sign up\u200a\u2014\u200aup to 100%. This bonus has a ceiling of 100 people,<br> but your referral commission does not.<strong>3) Mystery Bonus\u200a\u2014\u200a<\/strong>Do nothing and earn this bonus.The key to optimizing this faucet is to claim at least once a day for the loyalty bonus. <em><strong>To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other Moon faucets,<br> but not by much<\/strong><\/em><strong>.<\/strong> You want to refer 100 people to ms of the 25% referral commission and max out on the 1% per referral bonus. <strong>Focusing on these actions can greatly increase your claims.<\/strong><\/p>\n<h3><a href=\"http:\/\/moonb.ch\/?ref=2442AA321452\">MoonCash<\/a><\/h3>\n<p><a href=\"http:\/\/moonb.ch\/?ref=2442AA321452\">MoonCash<\/a><\/p>\n<p><strong>Newest faucet. The bonus structure is the same as MoonDoge and MoonLitecoin,<br> but pays out in Bitcoin Cash. You can optimize your daily claims by doing the following:1) Loyalty bonus\u200a\u2014\u200a<\/strong>Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day,<br> it resets back to 1 and you have to walk up to 100% again.<strong>2) Referral bonus\u200a\u2014\u200a<\/strong>Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting <strong>25%<\/strong> (not 50% like Moon Bitcoin) of your referral\u2019s claims,<br> you also get a 1% bonus for every person you sign up\u200a\u2014\u200aup to 100%. This bonus has a ceiling of 100 people,<br> but your referral commission does not.<strong>3) Mystery Bonus\u200a\u2014\u200a<\/strong>Do nothing and earn this bonus.The key to optimizing this faucet is to claim every 25 minutes or so. <strong>This is the max out time,<br> not 5 minutes.<\/strong> This may change,<br> but current claim rates show there is no benefit to claiming at smaller time intervals. You don\u2019t make less satoshi until you wait for 30 minutes or more. So you can claim more often,<br> but you won\u2019t make any more than if you claim every 25 minutes. I say 25 min because you don\u2019t want to wait until the last minute. If you can\u2019t claim every 25 min,<br> at least claim once a day for the loyalty bonus. This makes MoonCash one of the easier Moon faucets to reach maximum claims on. You also want to refer 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. <strong>Focusing on these actions can greatly increase your claims.<\/strong><\/p>\n<h3><a href=\"http:\/\/moondash.co.in\/?ref=A410CDEE0EE8\">MoonDash<\/a><\/h3>\n<p><a href=\"http:\/\/moondash.co.in\/?ref=A410CDEE0EE8\">MoonDash<\/a><\/p>\n<p><strong>MoonDash is the same as MoonLitecoin,<br> but it pays out in Dash.1) Loyalty bonus\u200a\u2014\u200a<\/strong>Action: make a claim at least once a day. This is the easiest bonus. All you have to do is make a claim every day and you get a bonus. If you miss a day,<br> it resets back to 1 and you have to walk up to 100% again.<strong>2) Referral bonus\u200a\u2014\u200a<\/strong>Action: refer at least 100 people to take full advantage of the referral bonus. In addition to getting <strong>25%<\/strong> (not 50% like Moon Bitcoin) of your referral\u2019s claims,<br> you also get a 1% bonus for every person you sign up\u200a\u2014\u200aup to 100%. This bonus has a ceiling of 100 people,<br> but your referral commission does not.<strong>3) Mystery Bonus\u200a\u2014\u200a<\/strong>Do nothing and earn this bonus.The key to optimizing this faucet is to claim as often as you can,<br> at least once a day for the loyalty bonus. <em><strong>To maximize this claim you need to claim every 5 minutes or 288 claims per day which is the highest of any faucet except Moon Dash. This makes MoonLitecoin and MoonDash slightly harder than the other two faucets<\/strong><\/em><strong>.<\/strong> You want to refer 100 people to take advantage of the 25% referral commission and max out on the 1% per referral bonus. <strong>Focusing on these actions can greatly increase your claims.<\/strong><\/p>\n<h3><a href=\"http:\/\/bitfun.co\/?ref=94F03073311F\">Bit Fun<\/a><\/h3>\n<p><a href=\"http:\/\/bitfun.co\/?ref=94F03073311F\">Bitfun<\/a><\/p>\n<p><strong>Bitfun is slightly different. It pays out in Bitcoin at a higher rate than MoonBitcoin and has no limitations on claim time.<\/strong> You can also play games and do offers. Playing games does not increase faucet amount rate,<br> however.<strong>Referral bonus\u200a\u2014\u200a<\/strong>Action: refer as many people as possible to take advantage of the <strong>50%<\/strong>commission.The key to optimizing this faucet is to claim around 4hrs,<br> but there is no loyalty bonus. You want to refer as many people as you can to take advantage of the <strong>50%<\/strong> referral commission. Focusing on these actions can greatly increase your claims.<\/p>\n<h3><a href=\"http:\/\/bonusbitcoin.co\/?ref=9A932E5C6300\">Bonus Bitcoin<\/a><\/h3>\n<p><a href=\"http:\/\/bonusbitcoin.co\/?ref=9A932E5C6300\">Bonus Bitcoin<\/a><\/p>\n<p><strong>Bonus Bitcoin<\/strong> <strong>pays out in Bitcoin.<\/strong> The amount you can claim varies,<br> but you can get a bonus of <strong>5%<\/strong> on all your claims and referrals for the past 3 days as long as you make a claim every day. You can only make a claim every 15 minutes.<strong>Referral bonus\u200a\u2014\u200a<\/strong>Action: refer as many people as possible to take advantage of the <strong>50%<\/strong>commission.The key to optimizing this faucet is to claim as often as you can every 15 min. You want to refer as many people as you can to take advantage of the 50% referral commission and the 72 hr loyalty bonus. Focusing on these actions can greatly increase your claims.<\/p>\n<h4><strong>Step 4: Final Step<\/strong><\/h4>\n<p>Take what I\u2019ve written here and make it your own. You have full license to plagiarize all you want. First,<br> replace my referral codes with your own referral codes (please let me know if you need help finding your codes). Send it out to your friends and family. Set up a seminar at your community center or library. Send it out on Facebook\/Twitter\/Instagram. If you do add additional faucets to your list,<br> be sure to vet them out for your base.<strong>You can look up the price of any cryptocurrency on<\/strong><a href=\"https:\/\/coinmarketcap.com\/\"><strong>https:\/\/coinmarketcap.com\/.<\/strong><\/a><\/p>\n<h3>Final thoughts: Crypto is For Everyone<\/h3>\n<p>The world of investments is largely cut off from people that don\u2019t have the means,<br> but crypto isn\u2019t. I have family and friends on both sides of the wealth spectrum and this is a great way for both to accumulate coins. Those that have money,<br> but are worried about Bitcoin\u2019s viability,<br> can use faucets as a no risk way to participate in the crypto boom. Those that don\u2019t have the money can also use this as a way to participate.<em>Translation: If you don\u2019t have $1 million (or even $10,<br>000),<br> Coinpot is a great way to build a diversified portfolio of high potential crypto. It is a portfolio strategy in and of itself.<\/em>Bitcoin,<br> Bitcoin Cash,<br> Litecoin,<br> Dash and Dogecoin represent a good cross-section of cryptos available on the market today. The only one that\u2019s missing is Ethereum and I\u2019m looking for a good Ethereum faucet to recommend now.I will also warn that the learning curve for crypto is steep,<br> but you don\u2019t have to know any of that for Coinpot. Coinpot is a wallet and the faucets it supports are already set up to deposit directly into your Coinpot wallet\u200a\u2014\u200areal time. It couldn\u2019t be any easier.<\/p>\n<h3><strong>Update (1\/27\/18)<\/strong><\/h3>\n<p>As a corollary I wanted to follow up with a very important piece of the crypto puzzle\u200a\u2014\u200asecurity. You need to keep your crypto safe\u200a\u2014\u200ait\u2019s not safe in Coinpot once you make more than the threshold limits. So you have some time before security becomes an issue,<br> and the amounts you are making are small,<br> but don\u2019t use that as a reason to get sloppy on security. Use the time it takes to reach the threshold to learn more about security.The threshold limit varies for each coin. According to the website,<br> \u201cWithdrawal requests are processed and paid directly to your wallet <strong>within 48 hours<\/strong>.\u201d In my experience,<br> it\u2019s much faster.These are the current withdrawal threshold limits which can be found on Coinpot when you click on \u201cWithdraw\u201d:<\/p>\n<p><strong>Bitcoin<\/strong>\u200a\u2014\u200a10,<br>000 satoshi (.00010000)<strong>Bitcoin Cash<\/strong>\u200a\u2014\u200a10,<br>000 satoshi (.00010000)<strong>Litecoin<\/strong>\u200a\u2014\u200a200,<br>000 latoshi (.00200000)<strong>Dash<\/strong>\u200a\u2014\u200a20,<br>000 duffs (.00020000)<strong>Dogecoin<\/strong>\u200a\u2014\u200a50 dogecoin\u200a\u2014\u200a<em>side note: you can only withdraw dogecoin to a dogecoin wallet (for free). Then you can transfer to your main wallet.<\/em>Once you reach the threshold,<br> you should withdraw your coin to a safe wallet. This is the best article I\u2019ve found on crypto wallets: <a href=\"https:\/\/blockgeeks.com\/guides\/cryptocurrency-wallet-guide\/\">https:\/\/blockgeeks.com\/guides\/cryptocurrency-wallet-guide\/<\/a>. It also recommends a few wallets and explains what your options are far better than I can.Once you decide on one of these wallets,<br> you need to follow that wallet\u2019s instructions for receiving or depositing funds. These instructions are very important\u200a\u2014\u200ado not skip this part.Your new wallet will give you an address in order to deposit funds. Each address is specific to a certain coin. In other words,<br> you have a different address for each coin. Copy the address and put it in the \u201cwithdrawal box\u201d in Coinpot. You want to copy your address and put it in the box.<\/p>\n<p>You\u2019re not done yet. Once you make this request,<br> Coinpot will send you a verification email to confirm your request as an extra layer of security. If you don\u2019t click the link,<br> the withdrawal will not occur.<\/p>\n<h3><strong>Update #2 (3\/22\/18):<\/strong><\/h3>\n<p>When I first started this it took a few weeks to reach my threshold,<br> now it takes a few days (if that). Instead of transferring coins to my wallet (which can be tedious),<br> I\u2019ve put a 2FA code on my Coinpot account which adds an extra layer of security. I highly recommend you do the same. If you need help with this step send me a note.That\u2019s it. Hope it helps. As always,<br> let me know if you have any questions.<\/p>\n<h3>Update #3 (5\/2\/2018):<\/h3>\n<p>This is just a quick update to let you know where I am and what I think about Coinpot so far.Today,<br> Bitcoin,<br> BCH,<br> Dash,<br> Litecoin and Doge are all trading at the following prices:<\/p>\n<ul>\n <li>Bitcoin: $9,<br>163 (down from $12,<br>326 on 1\/23\/18)<\/li>\n <li>BCH: $1,<br>468 (down from $1,<br>886 on 1\/23\/18)<\/li>\n <li>Dash: $471 (down from $881 on 1\/23\/18)<\/li>\n <li>Litecoin: $149 (down from $200 on 1\/23\/18)<\/li>\n <li>Doge: $0.005245 (down from $0.007962 on 1\/23\/18)<\/li>\n<\/ul>\n<p>What\u2019s the common theme? <strong>Prices are down across the board.<\/strong>To make matters worse,<br> I missed making a claim on day 99 and my loyalty percentage reset. I was furious.So,<br> why am I still thrilled about Coinpot?Well,<br> for starters,<br> my inability to claim on day 99 isn\u2019t Coinpot\u2019s fault. More importantly,<br> I believe crypto is the future. I echo the same belief system as Andreas Antonopoulos \u201cBitcoin Jesus\u201d. (see video below)<a href=\"https:\/\/www.youtube.com\/watch?v=T2zH-T_hmLs\">https:\/\/www.youtube.com\/watch?v=T2zH-T_hmLs<\/a>My interest and investment in bitcoin are about more than value. That said,<br> I believe cryptocurrency,<br> with bitcoin as its leader,<br> has the potential to give the world an offer it can\u2019t refuse (Godfather). In this way,<br> the drop in price is nothing but an opportunity in my eyes.Remember:<\/p>\n<ul>\n <li>Bitcoin traded at 6 cents for most of 2010.<\/li>\n <li>$100 in bitcoins on Jan. 1,<br> 2011 bought you 333.33 bitcoins.<\/li>\n <li>On June 8,<br> 2011,<br> bitcoin hit a high of $31.91,<br> making the paper value of your $100 investment about $10,<br>500.<\/li>\n <li>Today,<br> bitcoin is valued at $9,<br>163 so your $100 investment in 2011 is worth ~$3 million.<\/li>\n<\/ul>\n<p>How much have I made over the last 4 months? <strong>I\u2019ve made a little over $30 by checking in once a day. I also have approximately 30 referrals on each faucet.<\/strong> It doesn\u2019t sound like much. And,<br> it\u2019s a far cry from $900,<br> but I\u2019m not concerned. The potential is still there. With the drop in price,<br> the potential is even greater.While I won\u2019t be optimizing loyalty points (read: making daily claims),<br> I\u2019ll be sure to provide another update in a few months.<\/p>\n<\/html>",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"steemit\",<br>\"steem\",<br>\"coinpot\",<br>\"money\" ,<br>\"image\":[\"https:\/\/cdn-images-1.medium.com\/max\/1600\/1*4zfXX8MNpez22h5nWbV5Ww.png\" ,<br>\"links\":[\"https:\/\/medium.com\/@celanbryant\/mine-cryptocurrency-for-free-using-coinpot-the-bitcoin-faucet-experiment-a83de1404bff\",<br>\"https:\/\/coinpot.co\/\",<br>\"http:\/\/moonbit.co.in\/?ref=fe8f9953b9b6\",<br>\"http:\/\/moondoge.co.in\/?ref=208c102df015\",<br>\"http:\/\/moonliteco.in\/?ref=66ad958384ad\",<br>\"http:\/\/moonb.ch\/?ref=2442AA321452\",<br>\"http:\/\/moondash.co.in\/?ref=A410CDEE0EE8\",<br>\"http:\/\/bitfun.co\/?ref=94F03073311F\",<br>\"http:\/\/bonusbitcoin.co\/?ref=9A932E5C6300\",<br>\"https:\/\/coinmarketcap.com\/\",<br>\"https:\/\/blockgeeks.com\/guides\/cryptocurrency-wallet-guide\/\",<br>\"https:\/\/www.youtube.com\/watch?v=T2zH-T_hmLs\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"html\" " |
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