Welcome to Bitcoinsense, a blog that I am starting to help others get introduced to Bitcoin and other cryptocurrencies by actually doing some experiments with them. And maybe learning about what others are doing to learn!
I am going to start today by writing about the first experiment that I did. I was trying to find a way to get some free cryptocurrency so I could see how it works. I did a lot of research and read about a lot of scams out there. I decided to start with coinpot.co because it seemed to have a good reputation and appeared to be reliable. I have been using it for 3 weeks, and so far so good!
Coinpot is what is called a mircowallet and can be accessed through a browser. You do not have to download any software to start using it.
If you would like to try this, just follow these steps.
Step 1: Set Up a Coinpot Account
Make an account on coinpot.co that links to your email. Coinpot will allow you to get 5 different cryptocurrenies: Bitcoin, Bitcoin Cash, Litecoin, Dash, and Dogecoin. I have successfully used it to get some of all of these. Here is what it looks like:
Step 2: Connect to Faucets
Faucets are websites that allow you to claim cryptocurrency for free (although there are ads on these sites). You have to be careful because there are a lot of scam faucet sites out there!
Here are some the the faucets that I've tested and made sure work. You will only need to login using the same email as your Coinpot account. All of these faucets will go straight to your Coinpot when you claim your coins. They are able to be claimed every 5-15 minutes. As you do this you can build up a daily loyalty bonus if you do it everyday.
Bitfun
Step 3: Monitor Your Coinpot
It is fun to watch the faucets start to add up as you claim them. You can also track the value of the currencies as they go up and down each day. Since I have started I have seen them go way up, way down, and then up again!
Overall this is a very good way to get coins and learn. I am continuing to research other sites. If you have any questions or would like to know about more sites contact me. I hope to talk to you soon.
My next post will cover how you can also use Coinpot to start mining your own coins! I am also going to be sharing articles and news on twitter @bitcoinsense
Good luck with the faucets!
