CoinPot was launched on July 6, 2017. It is presumably from the same group who own BitFun, MoonBitcoin and Bonus Bitcoin.
- it was designed to collect and combine payouts and earnings from a number of different faucets. It supports multiple currencies such as Bitcoin, Dogecoin, Litecoin, Dash, and Bitcoin Cash
- It is not really a cryptocurrency wallet in a normal sense. It is more like an intermediate wallet, a temporary storage of your various coins. After reaching a cashout threshold, You have the options to transfer it to a microwallets like FaucetHub and FaucetSystem or directly to your Blockchain Wallet
- Currently, it manages the following faucets from different currencies: BitFun, Bonus Bitcoin, Moon Bitcoin, Moon Litecoin, Moon Dogecoin, Moon Dash, and Moon Cash.
Important Reminder: After creating an account in COINPOT, you have to sign-up to all the faucets/websites mentioned above using the same email address you used in COINPOT
Additional Features of CoinPot
- Increased security - optional 2FA
- Free and instant conversion between your coins, meaning if you wanted to convert your Bitcoin to Litecoin or Dogecoin, it only requires a few clicks
- Lots of withdrawal options such as XAPO, Faucet Hub, Faucet System and direct to your wallet via the blockchain. (NOTE: Each of these options has different withdrawal thresholds and some may incur a withdrawal fee)
- You can use your browser to "mine" cryptocurrencies. It is recommend that you switch off any Anti-Virus or Ad-Blocking software/extensions on your device whilst mining, as these can reduce your earning rates or even prevent mining from working at all
Personal Notes About CoinPot
- I am hoping that Free Bitcoin, Free Dodgecoin and other "direct-to-wallet" paying faucets will join Coinpot.
- I was already using Moon Bitcoin and Bonus Bitcoin when Coinpot was introduced. Unfortunately, I was using two different email addresses for these faucets so when they introduce Coinpot, two accounts were automatically created. I wish they give us the chance to change our email address when they introduce CoinPot.
- My strategy right now is to collect from all the faucets and then convert it all to LITECOIN.
Q and A
Q. What are the payment options and minimum cashout requirements for each currencies?
A. Please refer to the table below
| Currency | Cashout Threshold | Payment Options/Fees | |
|---|---|---|---|
| Bitcoin | 25,000 | Wallets: less than 100K sat, the fee is 2K sat; above 100K sat, the fee is free. Faucethub: 1.5% | |
| Bitcoin Cash | 10,000 | Wallets: Free Faucethub: 1.5% | |
| Dogecoin | 50 | Wallets: Free Faucethub: 1.5% | |
| Litecoin | 200,000 | Wallets: Free Faucethub: 1.5% | |
| Dash | 20,000 | Wallets: Free Faucethub: 1.5% | |
Q. How to Convert one currency to another?
A. On the dashboard, just select the currency you want to convert, click on the arrow down button. In the drop down menu, select convert. If you want to convert the full amount, just click "convert maximum amount" at the bottom part.
If you have questions or clarifications about Coinpot, please feel free to ask.
