Best Practises
Even though using sources like Faucets, PTE sites and others to accumulate crypto currency without actualy investing money, you still invest your time and it would be a shame to see that time wasted and your crypto go up in smoke. The fact that there is less risk because no money changed hands does not mean there is no risk at all. Crypto in general remains volatile in nature so it only makes sense to practise the following to keep your hard earned crypto currency safe!
1. Do your own research
Even though we go through great lenghts to provide you with the best sources to obtain crypto currency for free, we can never give you any guarantees. We use the sources listed here on this website ourselves and we are getting paid every time, but over the years we have seen good sources go bad over time for various reasons, like changing market conditions, or a bad revenue plan which made the service unsustainable.
When something happens, some sources will do the honorable thing and pay what they owe before shutting down, while others turn bad and take the money and run. So always research the sources you intend to use yourself to find out if putting time and effort into a site is worth it. It also never hurts to do some checks from time to time on the sources you do use, which can sometimes give you a heads up before things happen…
2. Withdraw when you can
You probably heard the phrase “Not your keys? Not your crypto!” This holds as true here, as it does anywhere when crypto currency is concerned. When using any website to accumulate crypto always withdraw as soon as you reach the threshold and put it in your wallet where you own the “seed phrases” and you are in control. Only then you can truly say that your crypto is secure. Do not let it build up on the site to withdraw larger ammounts. If something happens and the site shuts down you can kiss your crypto goodbye along with the time you spent accumulating it.
A good rule of thumb is that when you reach the minimum payment threshold, you withdraw. This also limits your risk for possible dealings with a bad actor on the scene. Like with anything of value scammers are lurking in the shadows to take it and run. We do what we can to limit this and make a great effort to root them out, but you need to do your part and take the necessary precautions.
3. Stabilize your earnings
Unless you are using crypto currency to pull of a stragey, like staking it for example, it is advised to turn your crypto earnings into stabile coins so you can be relatively certain it will keep its value and you can even draw some nice interest from this, up to 10% which will make it grow while keeping it safe. That way you have currency on hand to swap into whatever crypto currency you want if the need for it arises while you won’t run the risk of losing money during those bearish moments when the worth of specific token goes down. You want to be sure that every dollar in crypto accumulated will still be worth that dollar when you need it.
The rule of thumb here is that if you have crypto currency sitting there in your wallet doing nothing, swap it for a stabile coin.
