Many people in the comments to my articles have always advised me to use CoinPot. Its operation is particular compared to other faucets in that the CoinPot.co site serves to see the aggregated earnings of all the faucets (faucets that will pay you directly to your account).
For the whole article by clicking on "Coinpot"you will be redirected directly to the complete list of faucets.
After two months of testing I am ready to tell you about it.
The interface of CoinPot is very simple and easy to use, the wallet allows you to conveniently accumulate all the earnings from partner faucets in a single account. Upon reaching a certain minimum withdrawal amount, it will be possible to transfer Cryptocurrencies from CoinPot to your trusted wallet.
Another point in favor of CoinPot is undoubtedly the cost of the commissions, these are very negligible, in many cases (as with BTC they are equal to 0).
But that's not all, on CoinPot it is possible to convert Cryptocurrencies into other Cryptocurrencies at zero commission costs, for example: you have earned Dash or Doge but want Bitcoin? All you need to do is convert the amount earned into one cryptocurrency.
In addition there is a "mining" tab to allocate the computing power of your PC to mining to gain further.
1. Open a wallet on CoinPot
The procedure for creating a new wallet on CoinPot is very simple. First, go to the CoinPot website and click on "Register".
Fill in the fields by entering your email address, enter a password, resolve the captcha code, accept the CoinPot terms and conditions and finally click on the "Register" button.
Confirm your email address by clicking on the link that will arrive by email, at this point you will have successfully created your account (which will also act as a wallet) on CoinPot and you can start earning.
I recommend that you enable two-factor authentication, I personally use Google authentication (via the Google Authenticator App for iOS and Android smartphones) to increase the security of your wallet. To enable two-factor authentication, you must access the "Account Details" section and click on the "Enable 2FA ..." button.
At this point you will be shown a window in which there is a QR Code to pair Google Authenticator to your CoinPot account, then download the Google Authenticator App from your smartphone store and start it, then scan the QR Code displayed on CoinPot, enter the OTP code generated by the App and click on the "Enable 2FA" button to complete the procedure.
So you have successfully enabled Google Authenticator and you will be asked for an OTP code to perform certain operations on your wallet.
We recommend that you make a backup of the QR Code and Secret key before closing the window, as these will be the only method to restore Google Authenticator in case of loss or breakage of your smartphone.
Small clarification necessary: ??Two-factor authentication can be seen as a nuisance, a further step. However, being that you are talking about YOUR crypto, I strongly recommend you activate it for everything. It's true it's a further step but in this way in case someone gets your email and password they won't be able to do anything without your code that changes every 60 seconds. In short, security increases exponentially.
2. Connection to faucets
To start using faucets it is necessary to communicate your email address associated with CoinPot, in some cases however it is necessary to enter the address of your CoinPot wallet (depending on the Cryptocurrency that is obtained through the faucet). To obtain the address of the wallet of a Cryptocurrency you must first of all log in to CoinPot.
Select the Cryptocurrency whose address you want to obtain and open the drop-down menu, then click on the "Deposit" item (in our case Bitcoin) and finally on "Generate deposit address".
The code obtained in this way represents your address to indicate as an alternative to the email address where requested (the QR Code is the graphic representation of your address), you can also use this address to receive payments or to transfer funds from another wallet of yours / exchange using the same cryptocurrency (I do not recommend using coinpot as a wallet every time you reach the sum it is better to withdraw to your real wallet.).
Let's move on to linking the CoinPot account to the faucets. In this guide we will show how to connect to a single faucet (Moon Bitcoin), the procedure is the same for all the other faucets (find the complete list of faucets compatible with CoinPot HERE and at the end of this guide).
Then go to Moon Bitcoin, you will see a page full of advertising banners, do not be frightened, it is thanks to those banners that stand the faucets. In the text field, type your email address associated with CoinPot rather than your previously created Bitcoin address and click on the "Sign in" button.
For each step you make inside a faucet or CoinPot you will be asked to resolve a captcha.
After logging in to the faucet you will see a timer indicating how long the "claim" has not been made (ie how much time has passed since the last Bitcoin collection) and the quantity of Satoshi (Bitcoin) that you can withdraw, to do so simply click on the "claim now" button and resolve the captcha, in this way the Bitcoins will be sent instantly into your CoinPot wallet. Finally, you will notice that the timer and the quantity of Satoshi that can be withdrawn will reset (a "claim" can be made every 5 minutes).
As you have seen, the faucet activity is simple and intuitive. If carried out consistently and on multiple faucets it could generate interesting profits, always considering the speculative aspect of the Cryptocurrencies (if the value of a Cryptocurrency increases, consequently the value of those in your possession increases). I remind you that the other coinpot faucets are available by clicking HERE.
To conclude this step, within our CoinPot wallet, if you go to the "Account Details" section you can monitor the faucets to which you have connected your account. In the next steps we will see how to use the exchange, mining and how to withdraw to another wallet.
3. Exchange and Mining
One of the positive aspects of CoinPot is the ability to convert the funds held in the wallets into any other available Cryptocurrency, all without commission costs! In fact, if you earn through the faucets all the Cryptocurrencies supported by CoinPot, you could convert each of these, for example, to Bitcoin, and then make a single withdrawal in Bitcoin.
Let's see how: in the CoinPot dashboard you have to select the Cryptocurrency you want to convert to another, in our case we will go to convert our Bitcoin Cash to Bitcoin. Then open the drop-down menu and select the "Convert Bitcoin Cash to ..." item, you will be redirected to a conversion interface. Fill in the fields indicating what you want to convert your Bitcoin Cash to (in this case we will convert it to Bitcoin), you will be shown the conversion rate. Then, indicate the amount of Bitcoin Cash you want to convert (on the right, how many Bitcoins you will receive in exchange is shown), enter your password, verify the captcha and click on the "Convert" button.
A window will appear asking for confirmation for the operation, if you are sure you want to convert your Bitcoin Cash to Bitcoin click on the "Confirm conversion" button, a mask of the transaction will follow. This way you will be able to convert your Bitcoin Cash to Bitcoin quickly and easily.
Let's now look at the mining aspect. In the meantime, we would like to clarify that you will not have to expect big results, since in order to do mining you should equip yourself in a very professional way. Through CoinPot you can take advantage of the computing power of your PC through the browser, but what you earn in proportion to what your computer consumes is not much.
In any case, to mine a specific Cryptocurrency you will have to open the drop-down menu of the one you intend to mine (for example Bitcoin) and select the "Mine Bitcoin Core" item. You will then be redirected to a new CoinPot window with the mining control panel.
From the drop-down menu on the left you can choose the computing power to be used for mining, from the right one instead the number of threads to be used. To pause the mining click on the "Pause mining" button. The mined Cryptocurrencies will be automatically deposited every 5 minutes within your wallet.
4. Withdraw cryptocurrencies
Finally, let's see how to withdraw all the cryptocurrencies earned with the faucets on CoinPot.
My advice is to convert all the Cryptocurrencies held on CoinPot into a single Cryptocurrency, for example in Bitcoin, so as to make a single and consistent withdrawal. We remind you that the minimum Bitcoin withdrawable on CoinPot is equal to 0.0001 BTC.
To make a withdrawal you must go to the dashboard of your wallet and open the drop-down menu of the Cryptocurrency you wish to withdraw, in our case Bitcoin, then click on "Withdraw Bitcoin Core".
You will then be redirected to a withdrawal interface, which you must fill in indicating the wallet in which you want to withdraw (directly enter the address or select one of the available circuits from the drop-down menu), any email address if you withdraw through a CoinPot partner circuit , the amount in Bitcoin to be withdrawn, enter your password, the Google Authenticator code (IF you have enabled the 2FA otherwise this step will not be there), check the captcha and finally click on "Withdraw".
5. Complete list of CoinPot faucets:
- Bitfun (BTC)
- Bonus Bitcoin (BTC)
- Moon Bitcoin (BTC)
- Moon Dogecoin (DOGE)
- Moon Litecoin (LTC)
- Moon Dash (BCH)
- Moon Cash (DASH)
- Alternatively you can reach the list of all faucets in question by clicking HERE
I tried to be as clear as possible in this guide, explaining and attaching an image for each individual post, pressing where I wrote "HERE" or "CoinPot" you will be redirected directly to the complete list of faucets in question, I think it is the most comfortable way to reach CoinPot faucet being seven in total.
What do you think of CoinPot? Do you prefer other sites? Do you use it regularly? Did you already know him or not? Let me know yours in the comments as well
If you have come this far, thank you very much and see you soon!
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