Hello my friends, the time for excuses is over
CoinPot is a multi-cryptocurrency microwallet that helps you transfer your funds to your personal crypto wallet without any charges. A microwallet is a wallet that holds smaller amounts of cryptocurrency. Once you reach a certain limit, it will transfer your funds to your real crypto wallet. Why not send funds directly to your crypto wallet? This is because if you were to do so, the fees would cancel out the entire profit that you earned from the faucet. This is because of the miner’s fees that are charged to users. These fees are charged to incentivize bitcoin miners to confirm Bitcoin transactions.
The CoinPot microwallet holds
cryptocurrencies such as Bitcoin Core, Bitcoin Cash, Dash, Litecoin, and even
Dogecoin. Their payout is every 7 days and is partnered with several
high-paying faucets. One of the features of their microwallet is the conversion
system. Through CoinPot, you can convert your coins into a completely different
coin. For example, you can convert Bitcoin Core to Dash, Bitcoin Cash,
Litecoin, Dogecoin, etc. (and vice versa)
Unfortunately, there is no information in
regards to who started CoinPot and why they started it. Despite it being normal
for these kinds of platforms, some consider it to be a red flag. There are two
things that a company must have if they want to be trusted: honesty and
transparency. CoinPot has neither but don’t overlook it just yet, the platform
still has a lot of pros to go through.
How Could You Start Earning Income From CoinPot MicroWallet?
NB: To start claiming cryptos, you must register and create account from the below faucets using the email address you have used when registering on CoinPot. If you use different email, you will not receive your payouts
Claim daily and
you'll receive loyalty bonus into your CoinPot account and convert all claimed
coins into one coin to be withdraw quickly. This is a good way to get coins for
free without investing your hard earned money.
CoinPot Tokens
In March 2018, the microwallet service announced the creation of CoinPot tokens,
a new added value for CoinPot users. Alongside their already accepted coins,
CoinPot is a token and in their announcement, they called it an “asset”. There
are three ways to obtain these “assets”:
- Use a supported faucet – Every time you claim from one of their supported faucets, you will be awarded 3 CoinPot tokens. You will also earn 1 CoinPot token for each claim made by your referrals.
- Mine them – Just like other cryptocurrencies, you can mine for these tokens in a similar way (using a CoinPot miner).
- Convert your Coins- As said earlier, CoinPot has a conversion system that allows users to convert their coins. The same applies to CoinPot tokens.
It’s pretty cool that this microwallet has its own
tokens, right? But what are they used for? Basically, part of the value of the
token depends on what we can spend it on. When it comes to CoinPot tokens,
there are several things you can do with them:
- Win the hourly lottery – When coinPot tokens were announced, the platform also announced that there was going to be an hourly lottery where you could win tokens. You can buy a ticket using these tokens and those tokens will then be part of the grand prize (as well as 1,000 tokens donated by CoinPot).
- Convert your coins – Using the conversion system, you can also convert your CoinPot tokens into another coin of your choice.
- You can hold them – Although they’re not high-priced at all, who knows? It could spike in price soon. They’re very easy to obtain so there’s little to lose if you hold them.
Little to lose and little to gain
If you’re an avid user of cryptocurrency faucets, then
you probably know that these aren’t really “get rich quick” methods. They’re
not only dispensers of free cryptocurrency, but they’re also information portals
about the crypto they dispense. It’s an easy way to get new users interested in
cryptocurrency and although you don’t earn a lot, it’s still a good way to
make some on the side and let’s face it… some of these faucets
are actually pretty fun.
Before you start judging CoinPot and deeming it unsafe,
why don’t you give it a shot? It won’t cost you anything! Maybe you’ll even get
hooked and start using these faucets every day.
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