Economics & Money

Nickels and Dimes: Using Cryptocurrency for Prepping (for free!)

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No two preppers seem to have the exact same perspective on things and my husband and I are no different. He felt that investing in cryptocurrency was a smart move to prepare in case of economic collapse. To me, despite enjoying technology, I’m just not willing to go around investing hard earned cash in something that feels so intangible. I’d rather invest in food, ammo, camping gear — something tangible that will stay useful and I can hold in my hands.

Looking for a compromise I started doing research into cryptocurrency and discovered what is called “faucets.” These are sites that give you tiny amounts of crypto each time you visit. The amount of minimum time between claims varies by site (usually anywhere from five minutes to one hour) and once you accumulate enough you can have it transferred to whatever cryptocurrency wallet you want. How can they do it? The website owners are making money off of all the ads they include on their site and are essentially splitting those profits with those of us who visit and earn them revenue.

I tried a bunch of faucets and various microwallets. Microwallets are crypto wallets controlled by faucet related websites, capable of holding those tiny amounts of crypto until they grow to more substantial amounts and you transfer them out to a regular online cryptocurrency wallet like Coinbase.

Of the ones I tried I had a list and rotated them all for awhile until I could get a sense of which ones were worth the effort and would legitimately pay out when expected. Many are connected to a site called faucethub (which has it’s own microwallet) and they are okay but the amount I’d get per faucet claim compared to what was necessary to transfer it out of faucethub to my main wallet just wasn’t worth it to me.

I ended up narrowing my list down to the faucets connected to the microwallet Coinpot. My best guess is that Coinpot and the connected faucets are all owned by the same person. What matters to me though is that those sites consistently work, there is a nice variety to rotate through when I have a few extra minutes, and Coinpot allows me to easily convert each type of crypto into any of the others it supports so I can, for example, convert everything into Litecoin to hit the minimum to transfer out more quickly.

I’ve been using these faucets for about 6 months off and on. Sometimes I’ll claim from them several times a day, sometimes I’ll forget about it for a few weeks, but they have been pretty reliable and I’ve been able to transfer crypto out to my Coinbase wallet a number of times. The transfer always goes smoothly and is completed soon after I submit the request.

Each of the faucets also have referral perks for users. If you start using the faucets and like them and tell your friends, give them your referral link for each and you’ll start getting a bonus for each time they claim from the faucet too. It’s still not a lot of money, but over time it adds up and you aren’t having to pay anything out of your own pocket to do this.

All that said, here is the list of sites I’m currently using that I feel comfortable recommending. I’ll list them in the order that you should sign up in (if you don’t already have a wallet, etc). If you have any questions or suggestions of your own feel free to comment below!

1. Cryptocurrency Wallet

A paper wallet is the safest way to store your cryptocurrency, but when you’re just starting out the easiest is to use an online wallet which you can acquire for free from sites like Coinbase or Blockchain.info. From there you can move your holdings to more secure wallets later on if you decide to do so.

2. Coinpot Microwallet

Click here to sign up. As described above, this microwallet is used in conjunction with the faucets I’m going to recommend. It is (I believe) all owned by the same person, but functions quite smoothly and I appreciate that. The microwallet holds the fractions of crypto coins until they are sizable enough to transfer out into a regular wallet. This saves transaction fees and is done off the blockchain until they accumulate enough to transfer out.

3. Coinpot Affiliated Faucets

You’ll need the email address you use with your Coinpot account to log into each faucet (so it knows which account to credit each time you claim).

Bitcoin Faucets

Bitcoin Cash Faucets

Litecoin Faucets

Dogecoin Faucets

Dashcoin Faucets

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