Cointiply is a popular, tried and tested crypto faucet with some interesting earning options. In this video I focus on the 5% interest rate that Cointiply offers, how to activate it and the potential risks and rewards involved.
In this blog post I’ll show you how you can earn 5% per annum on your Cointiply holdings. Cointiply is a platform where you can earn crypto coins by completing various tasks such as pay-to-click ads, watching videos, and completing quests. By following two simple steps, you can start earning interest on your Cointiply account.
Step 1: Meet the Coin Requirement
To qualify for the 5% earning, you need to have a minimum of 35,000 Cointiply coins in your account. Each Cointiply coin is equivalent to $0.0001, so you would need approximately $3.50 worth of coins.
Step 2: Enable Interest Earning Option
To enable interest payments on your Cointiply account, follow these steps:
- Go to your Cointiply account settings.
- Click on the “Account Settings” tab.
- Look for the option to enable “5% annual interest on your coin balance over 35,000 coins.”
- Toggle the option to “On” and click the “Save Settings” button.
Once you have enabled the interest earning option, you will start earning 5% interest per annum on your Cointiply holdings. The interest is paid every Sunday, and as your weekly interest paments add up, they will start to earn compound interest on your account.
Use Cointiply To Diversify Your Crypto Holdings
Diversifying your crypto holdings can help reduce counterparty risk, which refers to the risk of a website or platform shutting down, causing you to lose your funds. While Cointiply and other established platforms such as Freebitcoin have a relatively low counterparty risk, it is still important to be cautious.
To diversify your holdings, you can deposit a portion of your Bitcoin stash, into Cointiply. For example, if you have built up a few million satoshi on FreeBitco.in, you can transfer a portion of it from your FreeBitco.in account to your Cointiply account. By doing so, you increase the number of platforms where you hold your crypto, reducing the risk of losing all your crypto assets if you hold them on a single platform.
Withdrawal Strategy
If the value of Bitcoin drops significantly, you may consider withdrawing your funds from Cointiply. For instance, if you initially deposited when Bitcoin was at $26,000 and it drops to $18,000, you can withdraw your funds. Since the exchange rate is 10,000 Cointiply coins per dollar, you can gain additional Satoshi by converting your coins back to Bitcoin and transferring them to your free Bitcoin account. This way, you can earn 4.5% interest per day on your free Bitcoin account.
Conclusion
Cointiply offers an opportunity to earn 5% interest per annum on your holdings. By following the steps mentioned above, you can qualify for the interest and start earning coins every week. Additionally, diversifying your crypto holdings and having a withdrawal strategy can help mitigate risks. If you’d like to give it a try, sign up for a free account on Cointiply and explore the various earning opportunities it offers.
David Hurley
#InspiredFocus
P. S. Sign up to my free Beginners Crypto Course for more crypto earning tips.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
