If you have been following my build passive income plan this week, you will know that it starts by using the free site CoinPayU.
Using this site each day for simple ad clicks and easy offers has allowed me to withdraw SEVEN times in the past few weeks as you can see below:
Personally I choose to withdraw using Litecoin as there are no fees. You can also withdraw with just 1000 coins (approx $1). Note there are other coins and methods available. You can choose gift cards if you do not want to use crypto as well.
Today I want to provide a step by step guide on the withdrawal process as I know many people are unsure about using cryptocurrency. I also want to explain the reasons why using it is a very good idea.
Choosing A Crypto Wallet
To make withdrawals using cryptocurrency the first thing you will need is a crypto wallet. This is a bit like a paypal account except it holds crypto coins instead of other currencies.
There are many crypto wallets available. I use Coinbase or FaucetPay most often. FaucetPay works in more countries than Coinbase.
Using Your Crypto Wallet
When you have registered for a crypto wallet, you will be provided with a wallet address. Each crypto coin will have a different address.
Below you can see the wallet system inside FaucetPay:
To use this wallet for withdrawals from CoinPayU you click on the deposit button (I use Litecoin) and you will see your wallet address when you scroll down a little:
Copy this address so you can paste it into your account on CoinPayU. Make sure you copy the full string of letters and numbers.
Adding Wallet Address To CoinPayU
To add your wallet address on CoinPayU, click on the profile button (mine shows a blue circle with an S in image below). Then click on PROFILE. You will see the various account settings including the wallet option here:
Click the wallet edit icon and you can add your wallet address. MAKE SURE that you use the right address for the right coin. I have chosen Litecoin from the dropdown menu in the image below, so the address I add must be my Litecoin wallet address (copied from FaucetPay).
Click on the next button to save your address and you will be able to withdraw your funds from CoinPayU.
Why Use Cryptocurrency?
Lastly, let me explain why using cryptocurrency is a good idea…..
It is now becoming more and more common for online earning sites to use cryptocurrency for transactions. Using it will allow you access to many more earning opportunities.
It is simple to use when you follow the guidance as provided above.
The value of cryptocurrency is constantly fluctuating on a daily basis. This means your balance can increase (or decrease) just by holding the funds. It can and does increase fast and $1 can easily turn into $5 or $10.
I will explain a lot more about this in future blog posts, including how to make money just by holding cryptocurrency.
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