You Need a Bitcoin Micro-Wallet
Faucet Pay is a popular micro-wallet for collecting and temporarily storing cryptocurrencies from paid to click sites and faucets that dispense small amount of crypto for free.
You can swap digital currencies, collect from sites and faucets that have instant deposit to Faucet Pay, or manual withdrawal through the settings, and withdraw any time directly to your wallet address on the exchange. Transaction fees apply. Faucet Pay offers instant withdrawal to direct wallets on the exchange which means that you can access your funds promptly.
Faucet Pay has a referral program. Members can also earn from the various activities and transactions performed by referrals:
Generate wallet addresses on the crypto exchange, like Coinbase to copy and paste in the "LINKED WALLET ADDRESSES" section in Faucet Pay. Use the same wallet addresses in sites and faucets to collect bits of satoshi.
You link wallet addresses from the exchange to Faucet Pay which are the same wallet addresses used to register (or update in the payment settings)in sites and faucets.
Each wallet address has its unique numerical and alphabetical digital code. More than one wallet address can be entered for a single coin on the exchange; and you can also upload more than one wallet address for the same coin in Faucet Pay. These wallet addresses are used to send and receive, deposit and withdraw cryptocurrency.
Micro wallets, like Faucet Pay only swap cryptocurrencies; they do not convert crypto to cash, nor do they withdraw crypto to PayPal. Micro-wallets are a short-term storage solution. Withdraw coins regularly to the exchange for safer storage, long-term storage, long-term savings, or short-term cash flow by converting coins to cash and withdrawing to PayPal or a bank account.
Review the Protocols Regarding Minimum and Maximum Deposit and Withdrawal before Performing Any Transaction
For both micro-wallets and cryptocurrency exchanges restrictions and service fees apply for withdrawal and deposit transactions. Faucet Pay recommends you withdraw a substantial amount of coins as dust transactions are in danger of not being credited to your account. To paraphrase, it is good practice to review guidelines of the exchange about minimum deposits for specific coins before withdrawing from Faucet Pay.
coinbase is ideal for beginners
Coinbase offers incentive learning rewards to help newcomers to the digital money marketplace better understand cryptocurrency and blockchain technology.
The Coinbase Pro Platform is designed for experienced traders who possess advanced skills required to use features such as charting tools and multiple order types. Experienced traders are reward with lower trading fees.
Coinbase is a popular cryptocurrency exchange that has been in business since 2012. It offers members a user-friendly platform to buy, sell, trade and manage cryptocurrencies.
A Good Understanding of Blockchain Technology is a Valuable Skill Set
Blockchain technology is rapidly redefining the way people do business and handle finances. Consequently, it has led to the creation of new digital assets that have flooded the business marketplaces and world economies.
Educate yourself about these new products to create a diverse bitcoin portfolio and to maximize your earning potential.
Non-Fungible Tokens (NFTs) are unique digital tokens that represent ownership or proof of authenticity for a specific item, often digital art, collectibles, or virtual real estate.
Digital Music and Streaming Rights represent digital assets in the music industry. Artists, labels, and streaming platforms use digital technology to distribute and monetize music.
Token Securities are digital representations of ownership in traditional financial assets. These tokens can be traded on blockchain platforms, providing increased liquidity and transparency.
In-Game Items and Skins are digital assets in the gaming industry.
Airdrops are now trending, but be alert for scams and identity theft.
An airdrop refers to the distribution of free tokens or cryptocurrencies and it is often used as a promotional and marketing strategy to introduce new coins or blockchain projects. The goal of the airdrops is to attract attention to the new project, and to build a community for their platform. The downside to these airdrop 'gems' is that you must have a compatible cryptocurrency wallet, or be registered on a specific platform that supports the blockchain on which the airdropped tokens are built.
Welcome to the World of Metaverse
Different types of airdrops and blockchain platforms will be explained in another article.
Airdrops Are No Exception to Risks and Scams
New tokens are launched daily and projects seeking to reward token holders are no exception to scam and fraud. It is imperative that participants verify the legitimacy of the project. You must read and understand the terms and conditions of the airdrop; and above all, you must always exercise caution about providing sensitive information that could lead to identity theft.
Apps in Google Play and Browser Extension Downloads
These are two more ways to collect coins from your smart phone by uploading Apps from Google Play. Or, by downloading web extensions to your browser to mine coins on your desktop.
It's so important when working online to install quality anti-malware protection to safeguard against viruses and identity theft.
Despite the use of anti-malware protection and stepped-up security measures by site and faucet owners, paid to click sites and faucets are repeatedly hacked. Advertisements also contain viruses which wreak havoc on your personal computer.
Routinely perform daily threat scans to ensure your computer functions at optimum level. Permanently delete the threats located in the history tab, shut down the computer rather than restart.
E-Money Biz Admin