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*beware of phishing sites. Whenever visiting a site, make sure there is nothing unusual about its address.
*LuckyGames features games such as dice, roulette, cells and more. DMYF discourages using personal funds towards gambling, and mentions LuckyGames as an alternative to wasting faucet earnings on faucets’ internal multipliers, lotteries, dice, etc. Faucets are source of microearnings, not a destination for gambling away the earnings. Unlike Cointiply‘s Multiplier, Coinpot’s Token games and more, LuckyGames maintains and impeccable reputation and employs a Probably Fair system guaranteeing fairness and absence of possible “tweaking”. Players can use most LuckyGames for free, utilising the Lucky Tokens system which offers unlimited supply of free pseudo-currency which, in fact, can be used to purchase various goods and bonuses. No site registration is needed, however, registered users benefit from a system of Levels. Starting from Level 1, all players gain access to LuckyGames chat, where all active conversationalists are rewarded with random giveaways of real Coins and Tokens, – a chance to build up a portfolio of cryptocurrencies investing nothing but time.
*Most importantly, LuckyGames features an excellent internal cryptocurrency exchange,supporting over 100 cryptocurrencies. In summary: LuckyGames offers numerous earning opportunities and valuable services which DMYF does promote. DMYF does not offer investment advice, does not attempt to influence readers’ financial decision-making. All information is published for education and entertainment purposes only. In present context, LuckyGames can be used as a source of sample portfolio building and cryptocurrency conversion without the need to play any games of chance.
Minimum faucet earnings withdrawals from Coinpot, per currency (zero-fee), per currency are:
Bitcoin: 0.0001 BTC (0.39 United States Dollar) Bitcoin Cash: 0.0001 BCH (0.013United States Dollar) Dogecoin: 50 DOGE (0.0997 United States Dollar) Litecoin: 0.002 LTC (0.11 United States Dollar) DASH: 0.0002 DASH (0.0166 United States Dollar)
*USD prices relevant as of 09.03.2019
Coinpot Token cannot be withdrawn. Tokens have to be converted to any of the five currencies; otherwise, it holds no value outside Coinpot. 100 Coinpot Tokens roughly equate to 0.01 United States Dollar.
Contrary to popular belief, the cheapest withdrawal method of Coinpot-partnered faucets is normally Bitcoin Cash (sometimes – DASH); notDogecoin.Doge remains a popular choice due to the Coin‘s liquidity, minimal trade and transfer fees, stable fiat value and instant transaction times. It must be said, however, that Dogecoin withdrawals from Coinpot take a very long time, as “industry standards” go. The delay is due to Coinpot‘s procedures and the funds never take 48 Hours to arrive (as stated in the Terms). Coinpot Dogecoin Wallet-to-any Dogecoin Wallet transfers normally take 14-24 hours on average.
Tip: Delay in withdrawing Doge (or other currencies) negates the possibility to execute price speculation operations on external exchanges. However, if a hypothetical Dogecoin millionaire feels that the Coin should be sold (or bought, for that matter) right now and the opportunity might be lost due to hours-long transfer… Coinpot Tokens’ stable fiat value and zero-fee instant Doge-Token conversionmight save the day. Of course, keeping large amounts of any currency in Coinpot is lunacy. So is using an asset unique to Coinpot for high-value speculative operations.
DMYF recommends storing currencies in real wallets, DMYF does not encourage speculation (or any other form of financial decision-making). Monitoring currency exchange rates and earning a few Tokens or Coins on successful exchanges using funds earned from faucets is merely an educational exercise for an aspiring cryptocurrency day trader. Remember: using micro-earnings to acquire transferrable skills and knowledge is the only real value one must expect to gain from spending time solving captcha.
Remember: in a volatile market, currency transaction delays might result in significant losses.
Q: Considering the fact that the minimum Coinpot withdrawal amounts are measured in cents, where can they be sold or exchanged?..
A: If a user intends to sell/purchase currencies, when speaking of selling tiny fractions of coins, exchanges such as Binance should be avoided. Minimum trade amounts, commissions and withdraw fees might leave a seller with dust, – small amounts of coins/tokens left over after a transaction, – that is, if a minimum amount of a currency withdrawn from Coinpot will meet the minimum trade amounts at all. For more information, always refer to the Fees and Limits page of an exchange (e. g. Binance Fee Structure).
A simpler way to sell/exchange faucet earnings is using a converter, such as that offered by LuckyGames, – the site’s internal currency converter allows instant conversion and access to 100+ currencies. Most importantly, any featured currency can be used to purchase another featured currency, while traditionally, even altcoin-focused exchanges (e. g. CoinExchange) offer limited purchasing options (=trading pairs). LuckyGames conveniently offers conversions between any of the 100+ supported currencies at market rates, zero deposit fees and minimal withdrawal fees. Transactions are instant and rates are updated every minute.
In practice, that means that a Coinpot user can withdraw his earnings in Dogecoin and convert them to any popular currency in LuckyGames, since minimum conversion amount for Dogecoin is only 100 Doge. Going through an exchange would imply converting Dogecoin to USD/BTC/ETH/LTC (at best), purchasing a currency (IF being able to meet the minimum transaction amount!)… and then face withdraw fees.
Q: Is it possible to quickly sell Coinpot earnings for fiat (USD, EUR…)?
A: It is becoming easier to sell popular Coins using a variety of methods. BCH, DASH, BTC, Dogecoin and DASH can be sold for fiat (PayPal, Payeer, Skrill, Neteller and many more paying systems). For best rates, it is recommended to have a look at an exchange monitor, which compares best rates available at the moment live. Rates and minimums vary; however, at time of posting, an exemplary sale of Dogecoin for USD (Perfect Money) would be possible even with a minimum of 100 Dogecoin.
Although Coinpot is a legitimate service, withdrawals can take time and thus users do not have immediate access to their earnings. It is recommended to store Coins elsewhere, or take advantage of multiple new services offering low exchange rates. Although Coinpot Faucets offer the chance to earn enough Coins to be able to withdraw earnings multiple times a day, doing so would imply a slight conversion cost. Still, holding Coins on Coinpot account is unwise and faucet users should have a plan how to put their earnings to use.
However, constructing a building or two and simply claiming Gems once per hour to sell them on the Marketpace for Coins = second Cointiply hourly faucet and an extra way of earning more on Cointiply. A click is enough.
“Gems are used to purchase efficiency and upgrades for your Mine. You can toggle between earning Gems or Coins on Cointiply at any time.
Changing your earning mode will effect all earning methods including offer walls, faucet, videos & PTC. The conversion rate for Coins to Gems fluctuates based on the number of Gems in circulation.”
For now, at least consider the fact that Reward Points are used to earn Satoshi hourly with no captcha.
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Faucets and Beyond…
As a reminder that DMYF was, is and will be devoted to providing quality, in-depth, educational, but, most importantly, thought-provoking content, it has been decided that our permanent followers get to read about something besides Cointiply during this weekend, even if it will cause a delay in the implementation of cosmetic changes.
Eobot (a multi-currency cloud-mining service we are currently testing; as of now, we can merely state that visiting Eobot is 100% safe and interesting) also has a faucet – is that a well-known .fact? Only one claim per day can be made, but a user can either claim one of many cryptocurrencies featured on Eobot (Litcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Ripple, Dash, Golem, Cardano, CureCoin, NEM, Monero, Zcash, Factom, Bytecoin, STEEM, Lisk, EOS, USD, Gridcoin, and Ethereum Classic), or “roll” a random crypto.
Eobot (or Eobot-like service) is meant to be Destination 2 in the “Earn, Invest, Trade” journey: a faucet user earns cryptocurrency fauceting, learning about the market and coins, gaining some transferrable skills. Faucet earnings can either be used to learn a thing or two about trading, or finding a reliable short-term investment vehicle offering decent enough ROIs, flexibility, access to funds and transparency.
We are not yet confident enough to contemplate purchasing hashpower through investing personal funds, but the faucet is free, generous (depending on the currency, = $0.01 per roll is not a abnormal reward), which means hashpower can be rented (= coins multiplied) using faucet earnings only. The “profits” are hardly worth the effort (although, in the future, who knows…).
Notably, the faucet-cloud “demo” offers an incentive to explore Eobot’s system from within and should not be mistaken for a source of income… which applies to (*spoiler: almost) any faucet.
LuckyGames (also under test) is an online cryptocurrency casino, considered legitimate, safe, fun and not rigged.
DMYF does not promote or encourage gambling. However, anyone following our faucet guides has made more than enough cryptocurrency to… do what? HODL? Trade? Speculate? Invest in dodgy scams? Withdraw to fiat?.. “What to do with Coinpot Tokens” is the most popular question we get. We do not offer financial advice; Coinpot Tokens can be used in many different ways… the worst of them is playing Lottery and Multiplier on Coinpot.co.
Many users actually stare at their Coinpot.co, FreeDoge or Cointiply balances and think: “now what?”
DMYF’s answer: NOW IS WHEN ONE SHOULD ASK ONESELF: WHY DO I NOT YET KNOW WHAT TO DO WITH MY FAUCET/EXCHANGE/INTEREST/TRADING/MINING EARNINGS? MAYBE NOW IS A GOOD TIME TO RESEARCH HOW EASY IS IT TO TURN 0.01 LTC TO CASH? OR IS BCH GOOD FOR HODLING? OR WHERE CAN I SPEND WHATEVER I EARNED AND WHY THE HELL ARE MY EARNINGS STILL NOT ON A REAL WALLET? IS YOUR PORTFOLIO UP TO DATE? DO YOU HAVE A PORTFOLIO?
The worst “now” is gambling the earnings within the faucet the earnings came from because “probably fair” is “probably” fair and (FreeBitcoin is an exception, to a degree). If games of chance is a user’s hobby, DMYF mentions LuckyGames, which is not a scam and a million times more fun than Cointiply’s new “earnings down the drain innovation”Multiplier.
LuckyGames, interestingly enough, is a casino which has an internal faucet which can be used to replenish your balance whenever it reaches 0… Yes, really. To try out any game, the user does not have to invest a hair of a Dogecoin; moreover, the internal currency has some real-life value (albeit, only at enormous amounts)… …and is acquired via a faucet.
LuckyGames accepts deposits of 77+ (!!!) currencies.
Minimum bet in any currency is the market value of 1 Satoshi (!)
No fee for transferring/depositing currencies to their respective wallets
70+ addresses for 70+ currencies which are perfectly maintained and not going “offline” when the coin’s value rises (or falls).
Security = 2FA, “new IP” warning.
Cryptocurrency Exchange. Allowing users to exchange any of the 75+ currencies to any of the 75+ currencies.The exchange is what attracted our attention, as it solves problems of “dust” (leftover bits of currencies, usually polluting balances after trades) and… offers a second “chance” for a rookie investor/trader to “correct” a common mistake.Example of a Newbie Mistake (not to be taken for advice!): a coin/token purchased in hopes of to-the-moon turns redder and redder…. and is getting delisted in 24 hours (delisted does not necessarily mean there is anything wrong with a coin; but it definitely can mean that the exchange will “eat” whatever was left of the coin without making a big fuss, apart a very discrete, barely noticeable warning) and trades will either be frozen, or the minimum trade shall exceed the balance…Yet it is possible to withdraw the coin. Withdraw where? Research the creation of a wallet for some random altcoin? Creating an account on yet another shady exchange, possibly facing deposit and trade fees? All for something worth $0.10 months ago and worth $0.05 now?.. Although HODLing “might” be worth it, there is always an option of admitting that:
– Learning about fees, exchanges’ policies, altcoins’ liquidity is a must – Some exchanges are made to cheat users by silently “delisting” coins – There are no regulations, nobody to complain to and support will say “you should have read the “News” section… – Considering researching every coin before purchasing the coin – Fees change, prices rise and fall, altseasons come and go, innovations appear, the market is volatile and unregulated. There are only 24 hours in a day… yet CoinExchange, Yobit and many others keep introducing new trading pairs. With minimum amounts required for a trade range from 5 to 10 Doge, it is tempting to skip the “research” part.
….depositing “dust” onto a LuckyGames wallet where the currency can be exchanged for other coin,, or multiplied by playing Blackjack…. a 0.000001 BTC minimum bet in any currency. When gambling is the only option, it is not gambling, but a form of an exit strategy with an added chance of winning.
Summary: “stable”, liquid currencies, currencies which have potential to increase in value, even crazy, but “who knows” altcoins (example: Dogecoin), or anything that adds value to one’s portfolio is one category.
“Dust”, dying currencies (inactive team, low market cap), balances on shady exchanges, trade leftovers which can be converted to e. g. Litecoin only by using more :Litecoin to purchase more shitcoin… …to meet the minimum trade amount necessary to trade it back to Litecoin (fees+fees+fees+fees…)… Portfolio is worth $1000, out of which $950 is 4-5 coins of value, rest is 50 currencies representing $50 of dust? Many have been there. Many inactive “dusty” accounts made many exchanges profits.
As Thomas Carter says, “always have a plan”. Even if the plan features a cryptocurrency casino, a plan is better than no plan. A plan that has been thought through is better than just a plan.
Finally, when the ill-researched plan fails and the options are “forget xxxcoin ever existed” (=loss for you, =profit for the exchange), or salvage it through a casino since no exchange accepts a trade below XXX amount of xxxcoin”… (=there is still a chance), the plan is not completely doomed.
Reportedly, Ripple tried to buy its way onto Gemini and Coinbase, offering exchanges millions of USD-worth of incentives, should XRP become listed within Ripple’s desired timeframe.
“It’s not necessarily unusual to pay for a cryptocurrency listing. Costs range from $1 million “for a reasonably regarded token, to $3 million for an opportunity to get quick liquidity,” – report from Autonomous Research
In Ripple’s case the narrative of the report is rather negative, – the underlying message being “shouldn’t the brand sell itself by now’?. However, Ripple’s marketing campaign is often aggressive to the extent of desperation.
Meanwhile, “mining” extensions are removed from Chrome’s official store. Although in this case, the decision is simply common sense, unfortunately, the news are worded as if cryptocurrencies suffers yet another “ban”, which does not improve the overall health of the market. The “ad ban” was actually beneficial to the market altogether, according to some; the mining extension removal was just a matter of time.
“The only people who are going to be worried are the people who don’t have good intentions. If you allow these bad apples to remain, you lose consumer confidence from the masses.” – Arran Stewart, co-owner of Job.com
…if there is a minimum Dogecoin trade on CoinExchange, it is below 1 DOGE.
That is, for 50 DOGE earned daily on Coinpot faucets you can make at least 50 trades on the exchange. Although some coins traded are virtually dead, others might present at least a short-term opportunity to add some “green” to a portfolio.
P. S. A review of CoinExchange bitcoin and altcoin exchange is work-in-progress.
(DISCLAIMER: none of the information mentioned on this website should be regarded as investment/trading advice)
Sadly, one can no longer trade DOGE/LTC on one of our favourite exchanges. The news aren’t significant at all; it is merely a reminder to always keep track of your exchanges’ news. It might save you a lot of money.
DOGE/LTC is traded anywhere and everywhere. For small quantities, we recommend CoinExchange as an alternative.