For a long time, I’ve been involved with crypto. At the start, I was just using it as a payment method. Then I started using it by investing. But then I found a new use for it. There’s a lot of ways to gain a small amount of free crypto. If you set up enough of these you’re able to make a decent amount every day. So here is my setup to earn crypto for free with faucets.
- Main wallet
- Faucet collector
The first thing I would recommend is to get a main wallet. This will be the end point for your crypto. So basically once you’ve earned crypto on a site, you’ll direct it towards this wallet. The wallet that I use is Abra. If you use my link to sign up you get $25 free bitcoin after your first Bank/Amex deposit, or 1.5% cash back when you exchange cryptos. To get a better idea of the best wallets you can check out Crypto Coin Dude’s list (The Best Crypto Wallets of 2019)
Faucets are sites that allow you to claim some free crypto. The amount of crypto builds up after you’ve registered on the site and then you can check in to claim them. It’s extremely easy and there’s a lot of them out there. I usually check them in the morning and in the evening. Why not earn crypto for free with faucets. These are the faucets that I use:
You can’t really direct these faucets to your main wallet. They need to be directed to something called CoinPot. It’s a wallet for faucets. The faucets send the money to your CoinPot wallet when you claim them. Once you’ve reached the minimum withdrawal requirement, you can withdraw the crypto to your main wallet. A nifty trick is to convert all of your cryptos into the same crypto. Instead of having to reach the minimum requirement for every crypto, now you just have to reach it for one of them. You can convert your different coins on CoinPot itself. Just choose one of them and click on convert.
How to manage it
My method of managing these is pretty simple. When I wake up I claim the faucets. I do this again before I go to bed. At the end of the week, I spend some time managing the crypto. I convert them all to BTC and if I’m able to, I withdraw them to my main wallet. I don’t convert my BTC into cash. I like to have some crypto to use for payments or just to have as an investment. I don’t make a lot from this, but it’s extremely easy so there’s no reason not to do it. If you want methods that require less work, check out my article about passive income.