If you’re new to cryptocurrency and blockchain, and looking to earn free Ethereum (ETH) without having to purchase or construct your own Ethereum mining rig, consider using the Free Ethereum Spinner. Simply head on over to the Google Play Store and install it (for free), and start earning ETH.
In this article we’re going to take a look at exactly what you need in order to successfully use the Free Ethereum Spinner, how to get free Ethereum, and what type of ETH rewards and payouts you can expect.
Wondering how to protect and store your ETH? Consider purchasing a Ledger Nano X to safely store your Ethereum!
Let’s get started. First, let’s tackle exactly what this Free Ethereum Spinner is and how it works.
What is the Free Ethereum Spinner & How Does It Work?
Simply put, the Free Ethereum Spinner is an application which can be downloaded at the Google Play Store which enables users to earn free Ethereum (ETH) through “spins.” The Free Ethereum Spinner is what’s referred to as a ‘faucet app’, alluding to the term ‘cryptocurrency faucet’ – a platform, website, or application whereby users earn cryptocurrency micropayments for completing an array of often gamified tasks. Think of such platforms as an automated rewards system and bounty platform, where users are rewarded immediately after completing said task.
With Free Ethereum Spinner, users not only earn Ethereum for their efforts, but are able to get a bigger picture of the cryptocurrency ecosystem.
Cryptocurrency, Bitcoin, and Ethereum faucets are very straightforward mechanisms for users to earn cryptocurrency without ever having to purchase or construct their own mining rig. It allows users to build up their first bit of ETH, BTC, or another cryptocurrency, and at no cost. We recommend using a faucet or faucet application in order to better familiarize yourself with various blockchain-related concepts and necessities, such as how to use a wallet and send transactions.
The Free Ethereum Spinner pays gamers and users in ‘Gwei’. Gwei is similar to a Satoshi (one-hundred millionth of a Bitcoin), as it is a tiny denomination of Ethereum (ETH). 1 Ether = 1,000,000,000 (10^9).
How Do Ethereum Faucets Make Money?
There’s a good chance you’re probably wondering how Ethereum faucets and the Free Ethereum Spinner makes money. Well, most faucets are pretty open about advertising and boast a large amount of ads on their website, app, and platform. They make their revenue based on things such as pay-per-impression, pay-per-click, and other advertising revenue models.
Instead of requiring sign-up fees, Ethereum and crypto faucets/applications are able to give away ETH for free. So, that’s how you can earn Ethereum without ever having to pay registration or other fees.
If you’re looking for a portable, easy-to-set-up, hardware wallet to store your Ethereum and cryptocurrency, consider purchasing the CoolWallet S.
How to Earn Ethereum With the Free Ethereum Spinner
First, you’re going to need to create a Coinbase account. Coinbase is one of the largest cryptocurrency purchasing and selling platforms in the crypto-sphere today, and offers a great starting spot for novices to get involved (due to its easy to understand UI and plethora of purchase and withdrawal methods). After all, you’re going to need an address to send your hard-earned free ETH to.
Setting up your Coinbase account (and Free Ethereum Spinner) account takes less than 5 minutes. And, there’s a registration link inside the app. Once again, it’s 100% free. Users will be able to earn Ethereum instantly after installing the app and creating an Ethereum address. Free Ethereum Spinner users will operate on “energy” and will able to replenish their energy (for earning opportunities) by completing simple tasks and watching videos. Note that you can request your payout at any time, however it will be limited to once every 3 days.
One thing we think is straightforward and honest about the Free Ethereum Spinner app is that they recognize the limitations of Ethereum faucets, noting, “No faucet app would ever make you rich, or even allow you to quit your full-time job!’ It is a great way to stay engaged and slowly learn about Ethereum and the blockchain ecosystem. Eventually, should the market recover and ETH’s price appreciate, you could have a healthy sum of crypto (not life-changing, but enough to purchase small items with or HODL).
Final Thoughts on Earning Ethereum With Free ETH Spinner
What are you waiting for? If you’re a newcomer to cryptocurrency and looking to earn free Ethereum, we recommend checking out the Free Ethereum Spinner!
It bears repeating that you should be realistic when using Free Ethereum Spinner and other cryptocurrency faucets and applications, as the payouts are often tiny and may take a while for you to accumulate a desirable amount. So, we recommend downloading the app and using it to familiarize yourself with the Ethereum blockchain and the Coinbase wallet. And, along the way, you might just earn a little bit of ETH that ultimately turns into something you can HODL or purchase goods with.
If you have any Ethereum faucets or applications you use to get free Ethereum coins from, let us know in the comments! And, make sure to check out our article on 5 of the best Bitcoin faucets to use for free BTC. Also make sure to check out our latest posts on the best faucets to earn free Litecoin and free XRP (Ripple).
Be sure to protect your hard earned ETH by picking up a Trezor hardware wallet!
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