Hello again Steemians!!
Welcome to my second article on how to get free cryptocurrencies. Let's get right to it and I used hyperlinks here as well to redirect you straight to the source or definitions.
WHY SHOULD YOU USE COIN FAUCETS?
First of all, why not? Secondally, you can earn passive income without much effort. I've collected around $10 worth of cryptos in 5 days with the faucets I'm going to be listing below. After this bearish wave, prices will be controlled by bulls as blockchain tech becomes more mainstream. On top of this, coin prices and the coin quantity given by the faucets are inversely correlated. As a result, you collect more coins when prices are low and vice versa. This is because the quantity of coins given by the faucet websites is fixed to a dollar value. Allow me to explain with the following site.
FreeBitco.in Example:
DATE BTC PRICE QUANTITY
Jan 07, 2018 $16,000 0.0000012
Feb 07, 2018 $8,000 0.0000025
Quantity change = increase of 0.0000012 satoshis for each roll
See? You earn more bitcoins when the price is lower so when the dollar value increases so does your coins' value. Now that we have this point clarified, we can talk about how your coins can grow over time. There's three basic ways for your coins to grow: 1) acquire large quantities while prices are low; 2) refer your account to friends and earn 20 to 50 percent of their earnings; 3) earn compounded interest on your balance. Moreover, I'll elaborate on each point on how to grow your coins with the FreeBitco.in example.
1) Acquire large quantities while prices are low. The previous example shows you how the quantity you earn doubles when prices fall. In this case, you want to roll as many times as possible before prices go back up.
2) Refer your account to friends and earn 20 to 50 percent of their earnings. Some faucet websites like FreeBitco.in, FreeDoge.co.in, and Coinfaucet.io let players earn their coins based on the rolled number between 0 and 10,000. Each player has the opportunity to roll every 60 minutes and the highest prize is fixed to between $200 and $300. The probability of rolling the jackpot is 1/10,000 or 0.01% chance. It's pretty slim but if you combine all the 50% earnings chance of each referral, the odds of winning are much higher! Look at the table below from FreeDoge.co.in:
3) Earn compounded interest on your balance. FreeBitco.in is the only faucet which allows you to earn compounded interest! This is great for long-term investors. Your balance grows at an exponential rate through time. Check out their page. Here's a snapshot:
WHAT THE LAST ARTICLE OF THIS SERIES WILL OVER?
In my last article, I will cover a selection of faucets that you should use. They all function in a different way so I will analyse them through a PROS & CONS analysis. Finally, I will tell you my strategy to how to quickly earn free BTC so you can surpass the withdrawal limit. Here's the list of all the sites then I'll explain what you need to do with each website:
- FreeBitco.in: Free Bitcoins roll without ads
- FreeDoge.co.in: Free Dogecoins roll without ads
- Coinpot.co: Microwallet website for Bitcoin, Bitcoin Cash, Dash, Litecoin, & Dogecoin
- Faucethub.io: Microwallet website like Coinpot.co with faucet functions
- Bonusbitcoin.co: Free Bitcoins with super rewards
- Bitfun.co: Free Bitcoins with super rewards
- Moonbit.co.in: Free Bitcoins with super rewards
- Moondoge.co.in: Free Dogecoins
- Moonliteco.in: Free Litecoin
- Moonb.ch: Free Bitcoin Cash
- Moondash.co: Free Dash
- Coinfaucet.io: Free XRP (Ripple) rolls with ads
- qoinpro.com: Super wallet with 24 free coins for signup without ads
Let me know what you think about my article and if I need to provide explanations. Good luck with your coin collections and KEEP THEM SAFE!
Did you like my research? Upvote and resteemit!