The best free bitcoin microwallet (in our opinion) has just got better with the launch of its own digital ‘asset’ alongside a new hourly lottery.
CoinPot has launched what it has called ‘CoinPot Tokens’ - a tradable commodity which can, for now, be exchanged for the supported coins on the site and entries into its own lottery.
And it has already hinted at exciting plans for the future. A press release issued this week suggested that users will soon be able to exchange the tokens for gift cards and game currency.
Here’s the release in full:
Earn, mine, and win CoinPot Tokens!
Posted: 2018-03-27 09:00 UTC
Today (28th March 2018) we are excited to announce a new fun way to earn, mine and win on our site...CoinPot Tokens! CoinPot Tokens are a new type of "asset" that sits alongside our existing coins - Bitcoin (Core/Cash), Litecoin, Dogecoin and Dash.
HOW CAN I GET COINPOT TOKENS?
There are several ways that you can increase your CoinPot Tokens balance...
FAUCETS: Use any of our supported faucets - for each individual faucet claim you will earn 3 CoinPot Tokens, and for each claim made by any of your referrals you will earn 1 CoinPot Token.
MINING: You can mine CoinPot Tokens in exactly the same way that you can mine any of our other coins directly in your browser
CONVERT: You can use our usual conversion system to convert from your other coins to CoinPot Tokens - the exchange rate will fluctuate similar to how it does with the other coins.
WHAT CAN I USE COINPOT TOKENS FOR?
There are also several things that you can spend your CoinPot Tokens balance on... - CONVERT: You can use our usual conversion system to convert your CoinPot Tokens into any of our other coins - the exchange rate will fluctuate similar to how it does with the other coins. - LOTTERY: We have created a new hourly lottery where you can win more CoinPot Tokens. The prizes given out each hour include all the tokens used to buy tickets plus an extra 1000 tokens donated by CoinPot to each round! - AND MORE! We are working on more ways for you to use your CoinPot Tokens in the future, including being able to exchange them for gifts/gift cards and more games like the lottery!
CoinPot supports Bitcoin Core, Bitcoin Cash, Litecoin, Dash and Doge and is linked to a small network of high-paying faucets, namely:
- Moon Bitcoin
- Moon Bitcoin Cash
- Bit Fun
- Bonus Bitcoin
- Moon Litecoin
- Moon Dash
- Moon Dogecoin
To get started, sign up to the faucets above, which are all free, then join CoinPot (also free).
Although a relative newcomer to the microwallet world, having launched in July 2017, CoinPot has risen to become one of the most popular services in use today.
Users enjoy its simplicity, appealing GUI and the fact that the connected faucets are among the highest-paying out there.
If you’re unfamiliar with what a microwallet is, here’s a very quick lesson: A microwallet is a service which allows you to gather together your micro earnings (the fractions of bitcoin - known as satoshi - or other coins that you gather from faucets/cryptocurrency games) into one place.
On their own, these small amounts of coin - often referred to as dust - aren’t usable. But gather them together in a microwallet and you’ll soon find them mounting up and forming a chunk that you can then spend or move into your main coin wallet, such as Coinbase (read more about Coinbase), and save or trade.
CoinPot is completely free to use and is a handy repository for those who want to see their up-to-date micro earnings balance, together with details about any referral payments that have been made, in one place.
The arrival of CoinPot Tokens is good news for users because it adds an additional way to make money on the site.
The quickest way to get tokens is to swap your collected coins for them using CoinPot’s handy instant exchange features which allows you to instantly swap coins between any supported currency at the prevailing exchange rate.
You also earn tokens for each faucets claim you make and you can earn one token for each claim a referral makes (read more about attracting referrals).
If you don’t want to exchange the tokens for coins you can head over to the lottery page and buy some tickets for the hourly draw, with the prospect of some hefty prizes on offer.
On this page you’ll also be able to see a live feed of all the tickets that are being bought for any given draw alongside the total prize pot. Details of previous wins are also available.
We think CoinPot tokens is a great addition to what is already a great microwallet. If you’re just taking your first tentative steps into the world of cryptocurrency then this a great place to start.
The faucets we’ve mentioned above are well-paying and easy to use and you’ll be able to see your earnings instantly appear in your CoinPot account.
No technical knowledge is needed to get started and there’s absolutely no financial outlay required. You start earning straight away and the only cost to you is your spare time.
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