In order to contribute to the world of crypto coins for those of us who have just arrived, I have decided to take the risk of publishing this article in order to briefly walk through the world of faucets and exchange, my experience in this respect.
Let's start with the faucets that allow us to collect small portions of crypto coins, which we then have to withdraw, they all use the so-called referral system which is a pyramidal scheme, the more referrals the faster you collect the withdrawal amount.
The online Exchange are where we move the funds collected in the faucet, you have the wallets where the coins are deposited and are the ones that guard for us that money and the private keys of those wallets.
Another type of wallets are those that we control, there are for the mobile, for PC or as a web application.
Both faucets and exchange and wallets have their own conditions of use and rules, so their uses are varied and should be known and studied to know that it is more convenient to each particular case.
Sometimes the faucets work together with some exchange, so we are tied to them and their whims, the faucet transfers the funds automatically and without commission, of course the transfers made automatically are always below what I imposed the exchange to be able to use the funds, therefore you must wait several weeks to meet the minimum required, a specific case of what I say is bitcoinsfor.me https://bitcoinsfor.me/?r=s3ij4s that pays every Sunday automatically by collecting 500 satoshis and transfers them to your account in one of these exchange XAPO, FAUCETHUB, COINBASE, in the case of coinbase you must collect 10K satochis to withdraw or use them, but in the best of the cases you will get in the faucet between 2800K or 3000K of satoshis maybe a little more, you need 4 weeks to reach the amount imposed by Coinbase, once at this point we will have to see what we want to do, leave it there or move it to another wallet or exchange and here we will pay commission.
Another type of faucet is the one that lets you send it directly to wherever you want but the stipulated withdrawals are high amounts, because each transaction is energy consumed and they earn while you use their platform and pass you ads, in this case the commission is the faucet, can be a percentage or fixed amount on the minimum withdrawal stipulated, so you will always receive a little less than what you withdraw, is a race of patience.
The issue of commission for those of us who do not have capital and play at collecting crypts in faucets is the most important because you can lose in commissions up to 50% of what you received for faucets and sometimes you can even be blocked by the exchange, for breaking its rules by losing all the time that was invested in the fractions that were collected.
When there are cases like this one, in terms of use the exchanges usually wash their hands and all the blame is on the user and even if you contact technical support is a matter of luck if you recover what was lost, and not if your reasons are legitimate, so the most important thing is to know how the exchange behaves and know what not to do, for example connect using VPN, a clear and specific example of this is the exchange and microwallet coinpot, which I prefer not to recommend.
So some faucets have commission and the exchanges have commission with some exceptions, when this is the case you are paying double commission, for withdrawing from the faucet and making use of the funds in the exchange or to convert them (move to another cryptomone using the quote established by the exchange) or withdraw them, not for being double commission has to be greater than in the case of automatic sending faucets, everything depends on the currency used, the chosen exchange and the faucet worked, therefore approximate amounts can not be given.
My recommendations
Faucets that do pay to raise BCH, LTC and Doge through Telegram:
To collect Bitcoin cash ABC (BCH) BCH Click Bot https://t.me/BCHClickBot?start=oSwX with a minimum withdrawal amount of 5K satoshis (0.00005000 satoshis) commission of 300 satoshis per withdrawal, you can transfer to the wallet or exchange of your choice.
To earn LTC LTC Click Bot https://t.me/LTCClickBot?start=AX5a minimum withdrawal amount 0.00040000 litoshis (40K litoshis) fixed commission of 10K litoshis per withdrawal, you can transfer to the wallet or exchange of your choice.
To earn Doge DOGE Click Bot https://t.me/DOGEClickBot?start=e2FZ minimum withdrawal amount 3 Doge, commission 1 Doge for each withdrawal, you can transfer to the wallet or exchange of your choice. It is quick to collect.
Faucet on the web for BTC bitcoinsfor.me that pays every Sunday automatically to collect 500 satoshis and transfers them to your account in one of these exchange XAPO, FAUCETHUB, COINBASE, if you want to transfer it to a wallet of your own, the commission is 10K satoshis, therefore you must have more than 10K satoshis collected to make a profit, in this case it is more convenient to use the exchanges they promote, Coinbase a good option.
Exchange or recommended wallets
Jaxx Liberty https://jaxx.io/ a multiplatform exchange and wallet, web, mobile and for PC, highlight among its features to be synchronized between all platforms, so that we will have the balance on any of our devices, as if an app chat is, to be exchange has a currency conversion service using the third party application ShapeShift.io https://shapeshift.io/#/coins should be borne in mind that this commission charges the miner gives you three options low, standard and high, you must read their conditions.
Exodus https://www.exodus.io/ another wallet exchange only for PC like jaxx liberty allows the conversion of currencies includes the same commission.
Abra https://invite.abra.com/lFOoW2MkaT another wallet exchange solo mobile without application commissions, the commission is from the miner to do the currency conversion.
Because they are installed in your devices allow you more control, you have the private key for the recovery of the account and its funds, however it is advisable to avoid the use of VPN.
P.S.: Each currency also has its own page and recommended wallet.
