Transferring Bitcoin from FaucetGamers to Gemini

Transferring Bitcoin from FaucetGamers to Gemini

By cryotosensei | CryptoSensei | 23 Jul 2022


The other day, Gemini sent me an email that led me to raise my eyebrows and drop my jaw. It announced the rise of interest rates for both BTC and ETH. What?! During the bear market?

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Okay, so my knee-jerk response was to accumulate 50,000 coins at FaucetGamers so that I could convert them to about USD$4.40 worth of Bitcoin and transfer it to Gemini. 

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I managed to attain the minimum number of coins today and so, made a withdrawal request. Since it was a Saturday and FaucetGamers processed withdrawals on weekends, I was able to receive Bitcoin in my Gemini account on the same day. Exciting! 

Since Gemini lends crypto to Genesis, I thought I would do some research on Genesis. A quick check on Reddit stopped me cold. Apparently, Genesis had lent $2.36 billion to Three Arrows Capital (https://www.theblock.co/post/158167/crypto-lender-genesis-lent-2-36-billion-to-three-arrows-capital). 

Okay….

Not going to say anything about that since this will be mere speculation on my part. I guess I will just leave the Bitcoin on my Gemini account then. Better safe than sorry!

Are you earning Bitcoin from faucets? What do you do with it?

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cryotosensei
cryotosensei

budding investor


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CryptoSensei

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