ZoneBitcoin EditorialCoinPot is closing shop….Yes, this is the “sad” news that we are sharing with you today… It is the most famous bitcoin and other cryptocurrency faucet on the market and one of the oldest….And, as we have already talked about it often on our blog, then, we also had to inform you.
But do not worry! There are others free faucets to win cryptocurrencies! Still happy! And, it is the purpose of this article to also show you the alternatives to CoinPot.
Before showing you the alternatives, here is why the platform closed. Because yes, we are entitled to ask ourselves why a closure despite such success?
We will also see how to withdraw your winnings (before the closing date, February 28) and how to find other alternative faucets.
But why is CoinPot closing its doors?
So, the company's managers published a press release on the site to explain to us the reasons for the closure.
Here is the screenshot, below.
And for those who don't speak English, here is the "quick" translation and "summary" for those who are interested. Otherwise, you can skip to the next paragraph;)
Why are we closing?
The quick answer to this is that we no longer have the time or resources to maintain faucets at the level of quality that you have become accustomed to. The longer answer... Faucets and CoinPot have always been run as a hobby, something we do for fun and learning outside of our families and day jobs.
Unfortunately, the biggest waste of time has become fighting fraud and identifying cheaters. This was necessary because otherwise our extremely low profit margins would be wiped out overnight!
Over the past few years, we have built an incredibly complex and effective fraud engine that analyzes user complaint patterns and looks for fraud/bot usage. This is constantly developing with new techniques to combat evil users!
Starting next month, we're embarking on a major new project that we can't reveal too much information about at the moment. It's in the crypto world but completely independent of faucets, and it will be built around the CoinPot fraud engine and all the knowledge we have accumulated from it over the years.
What are the deadlines for withdrawing our cryptocurrencies?
Well, the good thing is that CoinPot informs us early enough to be able to withdraw our cryptocurrencies.
So here are the two deadlines:
- Until January 31, 2021: The faucets will cease all operation. No more people can register and log in. The CoinPot site remains open to users. We can therefore still withdraw our cryptocurrencies and make conversions.
- Until February 28 : The site will permanently close. After this date, you will no longer be able to withdraw your cryptocurrencies! So, you absolutely have to do it first! Let's say, absolutely do it before February 26 (to be sure that the withdrawal will be effective).
So, now what we're going to see is precisely how to make our withdrawals. Why a dedicated chapter?
In fact, there may be some particularities that you should know:
- There is a minimum withdrawal. Basically, you will need to have a certain amount to be able to withdraw your cryptocurrencies.
- Your receiving wallet must also be able to recover small amounts.
Yes, you understood it: In both cases, you must check the withdrawal and deposit minimums.
Now, let's take a look at the wallets that allow you to withdraw your CoinPot earnings.
Where to send the cryptocurrencies that you have (easily) won?
Yes, it’s clear that this is the first question to ask.
Maybe you have won more or less significant amounts and now you want to know where to send your cryptocurrencies?
It's normal, and we all have to go through it, don't worry.
So, as you can see, on CoinPot, you could earn 5 types of cryptocurrencies:
- Bitcoin
- Dogecoin
- Litecoin
- Dash
- Bitcoin Cash
When we clicked on the faucets, well, our capital went directly to the addresses in our CoinPot account.
Then, we had to send them to our wallets of our choice. Until then, normally, I don't tell you anything.
And here are the wallets you can use to send your earned cryptocurrencies on CoinPot.
In fact, you can of course use any crypto wallet you want. You are free to keep the one you currently have.
Which wallet to choose?
However, it may not be easy to find a wallet that allows you to store all of CoinPot's cryptocurrencies.
For example, if you use the Coinbase wallet, you will not have the means to recover your dogecoin for example…
👉 So I did the research for you and there are two main wallets that accept ALL CRYPTOCURRENCIES from Coinpot: These are Binance and BitPanda. But, BitPanda has deposit minimums. Likewise, there are other crypto wallets that accept all cryptocurrencies, but we prefer to stick with the most well-known ones.
Next, you must check that the deposit minimums for the two possible wallets.
Result:
🔴 For Bitpanda, even if it remains practical because it accepts all CoinPot cryptocurrencies, you should know that it has relatively high minimum thresholds. For example, one can deposit a minimum of 500 doge and no less.
🙀 Always check the minimum deposits of your crypto wallets. Some platforms have withdrawal minimums and if you still send an amount there, then it will be lost.
🟢 For Binance, no problem, you can make deposits of any amount (Ah! What joy!)
So, now that you have your deposit addresses on Binance or another wallet, it's good, you can start making your withdrawals.
Steps to withdraw your winnings from Coinpont:
And now, once you have your wallet, here are the steps to follow:
You return to your CoinPot account and there you will click on the crypto of your choice.
A drop-down menu will appear as you see in the visual opposite.
There you click on “Withdraw”.
And there, you arrive on the withdrawal page itself.
Here is the new page you have:
You can see for example that the minimum to withdraw bitcoin is 0,0001 btc. I hope you were able to earn enough to withdraw…
Next, go to your email inbox and validate the email from CoinPot. This is a security measure to be sure that it is you who is behind the withdrawal.
Likewise, also check (you can never be careful enough) that you have entered the correct receiving address.
Now you've emptied your CoinPot account and it's time to look for other faucets, right?
Where to find other cryptocurrency faucets now?
Already, the best known bitcoin faucet remains essential Freebitcoin.in, the oldest and most reliable. There is no risk of closing this one, it is so popular.
That was for bitcoin faucets, know that there are other faucets for other cryptocurrencies.
For a good faucet Ethereum for example, you have FreeEthereum :
Then for other cryptocurrencies, you have the sites (from the same company):
- Faucet Ripple (XRP)
- Faucet Cardano
And then, by going to it, you will have the links to the other faucets.
That's it, we end this article on the end of CoinPot... As you have seen, we have other alternatives...
Likewise, for example, you also have other ways to earn cryptocurrencies such as, for example, the sites of bitcoin sports betting, playing games free bitcoin games, etc.
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To buy cryptocurrencies (simple way):
- Public chat Binance (Complete crypto trading platform)
To generate interest on your cryptocurrencies:
To secure your cryptocurrencies:
To have fun and play
- ⚽⚽ The best for Esport and sports betting: CloudBet ⚽⚽
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