How to Earn Free Coins

Cryptocurreny has fast becoming the new investment trend in online transactions and is now being considered means of trading as substitute to cash. Everybody wants to know how to buy bitcoins. Unlike any other currency where the currency's value is backed by the US Dollar which ultimately is backed by the Federal Reserve System, Cryptocurrency is a peer to peer electronic cash system with value dependent on how much the other party is willing to pay for it. 

Simply putting it, it is like gold and stocks. There is only a finite number of cryptocurrency that can be generated just like gold and stocks thus value will get higher or lower based on the available supply. Just like how merchants trade before using gold as a standard measure for product exchange. Other precious metals and stones were also used as means of product exchange just like other emerging kinds of cryptocurrency. This kind of trading is decentralized unlike money where it is centralized through the Federal Reserve.

There are many kinds of cryptocurrency that are available nowadays. Examples of them are Ether or Ethereum (ETC), Litecoin (LTC), Monero (XMR), Ripple (XRP), Dogecoin (DOGE), Dash (DASH), Neo (NEO), ZCash (ZEC), Stellar (XLM), Golem (GNT), Bitcoin Cash (BCH) and the most popular of the all Bitcoin (BTC).

Cryptocurrency can be obtained by trading on platforms such as Coinbase, Kraken, CEX.IO, Shapeshift, Poloniex, Bitstamp, CoinMama, Bitsquare, LocalBitcoin, Gemini and Bittrex.

Coins can also be mined by making computers solve complicated mathematical formula that generates distinct key that is recorded by blockchain. These keys cannot be replicated or modified. 

Now that you know about cryptocurrencies and how they work, I will proceed on how to earn free coins. Don't worry because this is not a scam or obtained illegally. There are websites called "faucets" that gives out coins for free. These websites are loaded with advertisements and through these advertisements is where these websites get the money to give out.

I personally use these websites and have earned considerable amount of coins already.

The first thing you need is to create an account in CoinPot. This is where the coins you will be earning will go. The advantage of using CoinPot is you consolidate your coins in one place which help you accumulate the minimum withdrawal amount quickly and easily. You may then transfer the coins to your own coin wallet. A coin wallet may be online, offline or hardware wallet. You may find more information about cryptocurrency wallet in this link.

Once you have created yourself a wallet and an account in CoinPot, you may now proceed in earning you free coins. The links below are currently all the coin faucets that automatically credit your earnings to CoinPot.

1. Bonus Bitcoin - Bonus Bitcoin is a completely FREE bitcoin faucet paying out up to 5,000 satoshi (1 satoshi = 0.00000001) every 15 minutes.

2. Bit Fun - They have a massive selection of the best, FREE browser games (Flash and HTML5) for you to play while you earn bitcoin.

3. Moon Bitcoin - Moon Bitcoin is a bitcoin faucet with a difference...YOU decide how often to claim!

4. Moon Dogecoin - Moon Dogecoin is a dogecoin faucet with a difference...YOU decide how often to claim!

5. Moon Litecoin - Moon Litecoin is a litecoin faucet with a difference...YOU decide how often to claim!

6. Moon Dashcoin - Moon Dash is a dash faucet with a difference...YOU decide how often to claim!

7. Moon BitCash - Moon Cash is a bitcoin cash faucet with a difference...YOU decide how often to claim!

After all the coins has been credited to your CoinPot account, you may convert them to one type of coin depending to the current value of the coin to be able to achieve minimum withdrawal limit and be transferred to your cryptocurrency wallet. The fastest time I was able to reach the minimum withdrawal limit is one month depending on how often you withdraw. I use my mobile phone to withdraw for convenience. Each web site is fixed to a tab in my browser so they are easily accessible, all you need to do is to refresh the tab and claim free coin.

You may also mine coins using CoinPot but be sure to keep your device cooled by a portable fan or aircon since it will make your device very very hot and may make batteries explode especially fake batteries.

Happy farming!