So what exactly is Coinpot?
Coinpot.co provides a cryptocurrency microwallet for collecting your cryptocurrency claimed from certain crypto faucets. A microwallet is needed in order to keep all of these small transactions off the blockchain.
What is a crypto faucet?
A cryptocurrency faucet website gives away a small amount of cryptocurrency in exchange for your spending time on the website.
Why would a faucet site owner give away free crypto?
As mentioned above the faucet owner gives away tiny amounts of crypto in exchange for your attention and time. You are encouraged to visit often to make more claims. These sites will be monetized with many ads and offers that generate enough revenue to offset the cost of giving away crypto.
Why claim tiny amounts of cryptocurrency?
Who doesn’t like free stuff? Maybe you have more time than money at the moment? A great gateway to the world of cryptocurrency is claiming some free crypto. I wrote this article about Coinpot since their microwallet is easy to use, the terms are fair, and they work with high quality faucets.
So how to get started with Coinpot?
- Go to Coinpot.co and click on “ Register.
- Enter your email and create a password. REMEMBER THIS EMAIL
- Complete the CAPTCHA
- Check that you agree to the terms
- Confirm your email address
That’s it. You are registered and ready to claim some cryptocurrency.
Claim your first free crypto
We will go through each faucet below:
Strategy to get the most out of Coinpot
So my overall strategy with faucet claims is to follow a daily schedule. Claim two to three times a day consistently to build up your Daily Loyalty Bonus.
This strategy works very well with the Moon branded faucets. Your next claim amount builds up while you wait. However, the rate of increase slows the longer you wait. So it pay to wait a while in between claims, but not too long.
Get your crypto out of Coinpot
A lot of the fun is watching your holdings increase in Coinpot. But someday you will want to transfer your crypto out of Coinpot. Check here to see how to withdraw crypto from Coinpot.