Getting your first Bitcoins and other Cryptocoins – Bitcoin For Dummies

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Wallets

Before you can do anything with a cryptocurrency (such as Bitcoin, Ethereum, etc.) you need a wallet to put them in. Most coins have an official website where you can download the software to create a wallet on your own computer. It allows you full control of your own coins. A disadvantage of this is, that the entire blockchain of the coin needs to bee downloaded to your computer, which can take several days, and takes up several gigabytes of diskspace.

An alternative is using an on-line wallet. Those are easy to set-up, en many even offer multiple coins, and exchanges between them, so you can even trade. As with most on-line services, you should be very careful with your coins. Best strategy is to spread them out across multiple sites, so in the case of fraud, or a hack you don’t loose everything at once. Here are some on-line wallets I have been using for some time:

Cryptonator
Coinbase

Trading


You can also trade between different altcoins on these sites:

Cryptopia
YoBit
Binance
BleuTrade
CoinExchange
Changelly
Cryptonator
Coinbase

Mining

One way of getting cryptocoins is by mining them.
Cloud Mining is the easiest method of getting BitCoins. You don’t have to use your own computer to do the hard work, but share the massive computing power of large mining pools.
This site offers a multi-coin client for several platforms (Windows, Linux, Mac) that can mine multiple coins at the same time, and even supports other mining pools.
Mining from your website and shortlinks
You can also use the JavaScript miner form CoinHive to start a miner on your own website that visitors can use like this one:

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They also provide a shortlinker that you can use. Every time a visitor clicks a link, you get a tiny amount of Monero(XMR)

Faucets:


Another way of getting cryptocoins is by using Faucets. These give you a very small amount of the chosen cryptocoin. Following is a list of free faucets for various Cryptocoins:

A lot of faucets require your coin address to be registered with FaucetHub. Faucethub also has a list of all of their connected faucets so it’s a good starting point. Register here:

faucethub.io

Another site that has multiple faucets in a so-called “rotator” is this one:

ifaucet.net

Some faucets work better than others. I’ve selected some faucets I use frequently.


A special mention for the Moon Faucets:
These 5 faucets generate a variable amount of coins throughout the day, you can claim at any time.
However, there is a “sweet spot”: claim every 4 hours for the best time/profit ratio.

Moon BTC
Moon BCH
Moon DASH
Moon DOGE
Moon LTC

 

BitCoin (BTC)

freebitco.in
rektcoins.pw
bitcoinker.com
Moon BTC
bitcoinfaucet.tk
getfree.co.in

Bitcoin Cash


These are among the first Bitcoin Cash (BCH) faucets:

Moon BCH
CoinDice
LuckyBits
BigBTC.win
BitcoinFaucet.fun
getfree.co.in
DayuZarce
CoinWhip
AleksCoin
BitCoinDay
CoinMine

Monero (XMR)

Only one working faucet is currently known:
monerofaucet.info

Potcoin

Potcoin Lotto/Faucet
POT Faucet Gold
Free Bitcoin Win
CoinPOT.win
PSL Faucet POT
Japakar Autofaucet POT#1
Japakar Autofaucet POT#2

DASH


Moon DASH
ForumDASH
QueenFaucetDash

BitCore


DogeForFree-Bitcore
FreeSatoshiBTX
BitFaucetWin
FaucetGoldBTX

DOGE


Japakar
Japakar Autofaucet
Moon DOGE
DogeCollect
YourDogeFaucet
QueenDoge

Ethereum (ETH)

ethfaucet.gratis
eth-faucet.net
forumcoin.win
ethereumfaucet.info

BlackCoin (BLK)

rektcoins.pw
getcoin.site
blackcoinfaucet.com
blackcoin.info
hamsab.net
yourfreecoin.com
forumcoin.win
bagi.co.in
cryptofun.space
forumcoin.win
btcinbtc.com
getfree.co.in
cryptorains.com

LiteCoin (LTC)

rektcoins.pw
getcoin.site
Moon LTC
bagi.co.in