Nowadays we can find more and more cryptocurrency faucet programs. Some of them just use template script that they can buy and immediately use.
There are several others that may come with their own script and offer a very unique feature. The unique features can be just a gimmick or it can be interesting and useful.
For program with unique feature you might want to try SimpleBits.io. On this one, they also offer limited time investment.
So, who is SimpleBits.io? Is SImpleBits.io legit or scam? What is the interest rate of their investment plan?
Those are probably just a few questions that came to mind after hearing about the program. Well, in this article, I’m going to share with you my SimpleBits.io Review based on my experience and what I can find from the internet.
Hope this helps. Is SimpleBits.io going to be the best cryptocurrency faucet program?
Click or tab on any sections from the table of contents to jump right to that part. Use the red arrow button on the bottom right corner of the screen to head back to the top.
Type: Cryptocurrency Faucet (40 minutes, BTC or DOGE)
Features: PTC, Offerwalls, Shortlinks, Level Bonus, Daily Challenge, Investment, Chat Room, Token Rain, Deposit, Achievement, Exchanger
Referral Commission: 25% (Faucet), Up to 10% (Offerwall)
Payment Method: FaucetPay.io, ExpressCrypto.io, BTC or DOGE Wallet
Started Since: 2020
My Status: PAYING (April 2021)
News and Update
April 2021. I think in March 2021, SimpleBits.io launched the non beta version of the website. It seems like they added some features and at the same time removed some of the existing ones.
For example, it seems we can now do mining. I haven’t tried that yet. Even though the mining says either LTC, BTC or ETH, we will get paid in SCOINS which is their new additional internal currency aside from the existing TOKENS.
The extra lucky number system which is based on our level for the faucet has been removed. They also reduced the interval time of the faucet from 40 minutes to 30 minutes. The reward is between 5 tokens to 15 tokens.
The biggest change was the payment method. This is due to the hacking incident to FaucetPay.io.
At this time, we can no longer withdraw to the micro wallet. However, SimpleBits.io has offered several different cryptocurrencies to get paid with and each with different minimum Bound Tokens.
Here are the details.
Bitcoin: 50,000 Bound Tokens
Dogecoin: 30,000 Bound Tokens
Litecoin: 10,000 Bound Tokens
Dash: 10,000 Bound Tokens
Bitcoin Cash: 10,000 Bound Tokens
Cardano: 50,000 Bound Tokens
I don’t know if not using the micro wallet service will be permanent or not. Based on what they do with their previous website, that might be the case.
I already got paid with the new payment method.
SimpleBits.io does have a chat room and I think the admin has been very active there. The admins uses EARNCRYPTOMANIA as the username or we can find a user with MOD icon if we need to contact them for any reason.
We can also send email to firstname.lastname@example.org. If we check on ExpressCrypto.io, the owner is LINDERNMAN, which if I remember correctly, the same owner of SatoshiLab.net. Maybe we can contact via that website as well.
They do have FAQ page which I think they can elaborate more. At the bottom of the page there is a guide video that we can also watch on YouTube. That means if we need to contact the owner as well, we can also try their YouTube channel account here.
The Chat room also has RAIN feature which will give reward randomly. Based on the FAQ, we need to use some of the features before we can get that bonus.
Here is the GUIDE video that we can find from the FAQ page.
We can use this link to create account with SimpleBits.io. Just click on REGISTER from the top right corner of the page and enter a username, email and password.
Make sure we use a legit email address or otherwise, we will not be able to withdraw the money later. There will be some email verification process.
The main feature of SimpleBits.io is the cryptocurrency faucet. From a cryptocurrency faucet, anybody can earn money, usually in cryptocurrency for doing almost nothing.
The least we should do is just to click a button. Nowadays, this kind of programs will require more, like click and view ads, go through a couple of links or pages and solve some captcha systems.
The amount of money we can get from any cryptocurrency faucet is usually not that much, considering how little and easy the effort is. However, most of them allow us to repeat the process, claim the reward over and over again after waiting for a time period.
In the case of SimpleBits.io, we can earn a token, their internal currency, which can be converted into either Bitcoin or Dogecoin. We can claim the reward once every 40 minutes.
How does it work
After signing in to our SimpleBits.io account, we need to access the faucet page by scrolling down and we can see the three coin icon followed by a green button that says CLAIM THE FAUCET.
Alternatively, we can click the menu at the top that says EARN TOKENS and from the drop down menu, click on FAUCET, the first one. Either of these will bring us to the faucet page as displayed by the previous picture.
On the faucet page, we can scroll down. Usually, there will be a 12 second timer that when it is done counting down, it will become a claim button that says ROLL.
We can click on that and it will roll a 4 digit lucky number that will determine how much tokens that we will get. The reward is between 5 tokens as the lowest possible reward up to 20 tokens.
At the right side we can see a table about the correlation between the lucky number and the reward. Basically, each 666 steps, we will get 1 extra token.
For example, if we roll 1 then we will get 5 tokens but if we roll 666 we get extra 1 token or 6 tokens. The table also says that each account level will increase the lucky number by 10.
For example, if our current level is 10 then the lucky number will be increased by 100 points. So, if we roll 600, the base reward is 5 tokens but by being at level 10, the final roll becomes 700 and we will get 6 tokens instead.
By keep using and earning on SimpleBits.io, we will increase our level and the chance on getting higher reward. However, the maximum reward per roll is still 20 tokens, with or without the level bonus.
That is it with the claiming process. They used to have a captcha system from Solve Media but currently they say that they use invisible captcha. Almost like there is none at all.
After we are done with the claim, the claim button will be replaced by a timer. We need to wait 40 minutes before we can repeat the process and claim again.
For each faucet claim, we will also earn 10 experience points to level up.
Earning Rate and Comparisons
As mentioned before, the reward we can get from the faucet is between 5 to 20 tokens per clam. We can look at the top of the SimpleBits.io page that every 10,000 tokens is equal to $1.
We can also check the conversion to Bitcoin based on real time rate. So, the tokens we have remains the same but the Bitcoin value will keep changing due to fluctuating Bitcoin price on the market.
Currently, 1 Bitcoin is more than $10,000. But just to make it simpler, we can still say that each $1 is about 10,000 satoshi.
Based on that rate, each Token is worth about 1 satoshi. So, each claim we can get at least 5 satoshi up to 20 satoshi. That is for 40 minute timer.
For an hourly rate, that is equal to between 7.5 satoshi to 30 satoshi. In a day, we can get like 180 Tokens up to 720 Tokens, assuming we claim every 40 minutes.
The question is, is that a good earning rate? One way to find out is by making a simple comparisons to other similar programs or other cryptocurrency programs.
I will compare with the lowest possible rate from SimpleBits.io. Here are some that I have tried so far.
Freebitco.in, usually as my standard for good earning faucet, can give us like 15 to 20 satoshi at this time per claim every hour as the base reward which is what we will get most of the time. There is a chance to get higher rewards per claim from this. This one hourly claim is already twice as much as the lowest reward what we can get from SimpleBits.io.
Cointiply.com, now the faucet can only give us 2 claims per day. For me right now about 20 coins a day and with 100 coins equals to $0.01 means $0.002 per day, or about 20 satoshi. With 4 or 5 claims from SimpleBits.io, we can probably get higher than this for a day.
Free-Litecoin.com and their group, each as hourly faucet can give altcoins about 1,300 litoshi at this time or in Bitcoin around 5.5 satoshi as the base prize. So, the earning rate per claim is probably the same as SimpleBits.io but in hourly rate, this is a bit lower.
AllCoins.pw, a 6 minutes faucet as well, with 50 claim limit, right now can give like 4 satoshi per claim or 200 satoshi per day. The earning rate per claim is a bit lower than SimpleBits.io but for a day, this one can offer higher minimum.
DailyFreeBits.com, also can give constant amount but only 3 satoshi every hour at this moment, which could go less thanks to dynamic price. That one claim is already lower than one claim from SimpleBits.io.
BestChange.com, has a faucet feature, give around 15 satoshi in average per hour. Assuming the number is right, which, depends on luck, that is twice as much as the lowest hourly rate of SimpleBits.io.
Bitcoinsfor.me, as a 5 minute faucet, at this time, I can only get like 4 free claims per day each with 5 satoshi. Based on their explanation about the internal currency, we should get even less than that. We can get higher for a day with SimpleBits.io if we claim like 5 times.
3BTC.org can give like 0.11 DOGE as the base reward per claim per hour or in BTC about less than 3 satoshi as the base reward. That one claim is lower than one claim from SimpleBits.io with the lowest reward.
DigiTask.ru, a 1 minute faucet and no limit can give like 0.15 DOGE (about 3 satoshi) per claim. That one claim is lower than the lowest possible reward from SimpleBits.io but we can do more claims.
FireFaucet.win, an auto faucet, at this time, with maximum bonus, can give like between 6 to 8 Bitcoin satoshi per hour. We can probably get the same hourly rate with SimpleBits.io but as the lowest possible rate.
QweroFaucet.com, an hour faucet, offers like just 1 Bitcoin satoshi per hour. We can get higher but it is almost impossible to achieve. SimpleBits.io and most of other faucet programs can offer higher than this.
BitsFree.net, a 30 minute faucet, offers like 10 satoshi per claim as the base prize. That one claim is already twice as much as one claim from SimpleBits.io.
4Miner.me, another hourly faucet with multiple faucets, offers like 17 satoshi in average per hour from the Bitcoin faucet only. That is almost the same reward as the highest possible reward from SimpleBits.io per claim.
FreeDGB.com, an hour faucet, can give us like 0.01 DGB or about 2 satoshi per claim. That 1 claim is lower than half as much as the lowest possible reward from SimpleBits.io.
Lolifuu.com, a no timer faucet, with 50 claims per day will give about 300 LPONS per claim or about 3 satoshi per claim. That one claim is lower than one claim from SimpleBits.io but for a day this one can be higher.
ES Faucet, another lump sum claim faucet, which we can earn from 30 minutes, offering 13 different coins, can give like 2.2 satoshi after waiting for 30 minutes per faucet as the base prize only. If we claim once for every 13 faucet from this, we can already get higher than the highest possible reward per claim from SimpleBits.io.
TopTap.website, an auto faucet, could offer like 1.8 satoshi per hour or 43.2 satoshi per day. We can get the same amount if we claim like 9 times a day from SimpleBits.io.
FreeBitcoin.io, an hourly faucet, can offer like 3 satoshi per hour or up to 72 per day. That one claim is lower than the lowest possible reward from SimpleBits.io per claim.
DogExpress.xyz and their group offers like 0.2 DOGE per claim per 10 minutes or about 4.5 satoshi. That one claim is probably almost the same as the lowest one from SimpleBits.io but we can claim 4 times within the same time.
Fautsy.com, a 5 minute faucet can offer like 5 satoshi per claim or 60 satoshi per hour. That one claim is about the same as the lowest one from SimpleBits.io but we can claim more often.
Yannik.biz, another lump sum faucet, offers like 4 satoshi after 10 minutes waiting, without the bonus. That one claim is almost the same as one claim from SimpleBits.io with the lowest possible reward.
AltHub.club, a 30 minute faucet, can give us like 5 ALTH per claim or about 0.28 DOGE or almost 6.4 satoshi per claims. That one claim is already higher than the lowest possible reward per claim from SimpleBits.io.
GetZEN.cash, a 20 hour faucet can give like 2 satoshi per claim as the base reward. With 1 claim from SimpleBits.io, we already get higher than this.
FaucetCrypto.com, a 40 minute faucet, offers like 5 satoshi per claim. That is about the same or slightly higher than the lowest reward from SimpleBits.io.
HerzCoin.tk, a 60 minute faucet, can give like 0.2 DOGE per claim or per day about 0.6 DOGE that is about 9 satoshi of Bitcoin. We can get the same amount if we claim like 2 times from SimpleBits.io.
DogeMate.com, an hour faucet and we can claim like 2.7 satoshi per claim as the minimum. That one claim is just about half as much as the lowest reward from SimpleBits.io.
CoinMoster.pw, a 15 minute faucet can offer like 2.5 satoshi per hour. With 1 claim from SimpleBits.io, we can get 3 times higher than this.
CoinBid.ro, and their group can offer like 5 satoshi per claim and we can claim once per 5 minutes per faucet. That one claim is about the same reward as the lowest one from SimpleBits.io but we can claim more often.
StakeCube.net, a 24 hour faucet offers multiple coins. If we claim all of them, we can get about 30 satoshi per day. With about 7 claims from SimpleBits.io, we can get the same or higher than this for a day.
BonusBitcoin.co, a 15 minute faucet can offer like 1 satoshi per claim or up to 96 satoshi per day. With just 1 claim from SimpleBits.io, is still higher than 3 claims from this.
PipeFlare.io, a daily faucet, where we can earn about 4 satoshi each day. With just 1 claim from SimpleBits.io, we already get higher than this for a day.
MoonBit.co.in, a lump sum faucet, can offer like 1 satoshi per 30 minutes as the base prize. One claim from SimpleBits.io base prize is higher than from this.
FreeFaucet.io a once a day faucet can give us like 36 satoshi per day. With 10 claims from SimpleBits.io, we already get higher than this for a day.
TimeForBitco.in, a 5 minute lump sum faucet can give us like less than 3 satoshi per claim. With just 2 claims from this and we can get higher than the base reward from SimpleBits.io.
CRINF.net, as a 10 minute faucet can give us 3 satoshi per claim. With just 2 claims from this and we can probably get higher than SimpleBits.io.
This is just comparing strictly between the faucet earning rate. There are more things to consider like the claiming process or how easy to withdraw.
Some programs can offer other earning feature or bonus that could make them a better choice. On the other hand, some users might not be able to use those other earning feature and can only rely on faucet.
Comment and Suggestion
Well, it is rather hard to compare the earning rate for this one, The problem is that what we actually get when we withdraw the funds into Bitcoin later can have different value.
If we withdraw when the Bitcoin price is low, we may get more coins and vice versa. So, essentially when we withdraw from SimpleBits.io, we are buying either Bitcoin or Dogecoin. More about withdrawing later.
Maybe I should have compare all of them in USDT. That would be ideal but it will take a lot more work because only a few of these will use the currency similar to SimpleBits.io. Cointiply.com is one of them.
Nevertheless, the earning rate is clearly not the best but not the worst as well. But it is about the average or a bit higher maybe?
I only compare the lowest possible reward because that is what anybody will get most of the time. From those that offer lower rate than SimpleBits.io, it is possible that they offer something higher per claim.
But that is if we are lucky which almost never happen. Of course, there is some exception like DogeMate.com.
The good thing that they tied the price of the token with USD. Unlike let’s say SatoshiLab.net, from the same owner, where their can always change the price of their internal currency.
At least this makes it a bit predictable.
I really don’t get the reasoning for setting the timer into 40 minutes. I forget whether they ever change this to different timer. So far, only FaucetCrypto.com that I have used that use 40 minutes as timer as well. Even they changed them in the past. It is just easier to compare if they use the same timer set up as others.
Also, if we use multiple faucet programs with the same timer like 30 minutes, we can just claim one after another right away. With 40 minutes, either we just claim like once an hour or we have to wait longer for the 30 minutes.
The good thing is that currently we don’t even need to solve any captcha system. I remember when they first offered with Solve Media. We can only hope that they can stay that way.
It also has less number of ads. Sure, there are pop ups and they can always change later. The issue is, sometimes when the timer is done, when we want to click the ROLL claim button, it will instead click on pop up ads.
The weird thing is that sometimes it counts as a claim, in which they will start the timer immediately. But sometimes we do need to try again and wait for the 12 seconds countdown before we can click the ROLL.
My suggestion would be to always click somewhere not that button first preferably before the 40 minute timer ends and 12 second starts. This is just to find out whether there will be pop up ads or not.
Sadly, there is no feature to boost the reward other than the level system. The page says that the owner is working on it but I really don’t know.
The level system itself is just to increase the chance for getting one extra token. I don’t know how high the level can be because there is no dedicated page to explain that and I currently at level 50 which get extra 500 for the lucky number.
Once I have reached level 67, it is a guarantee to get extra token. Unless of course, I roll the number for 19 or 20 tokens already. I mean, can we keep leveling up to the point where we will always get that 20 tokens every claim? That is by reaching level 1,000.
So far, if we check the RANKING page from the menu at the bottom, the highest one is currently at level 110. From the Achievement page the level can go up to 500, maybe more. If we can reach that level, we will always get extra 7 or 8 tokens per claim.
The only way to find out the requirement to reach the next level is the small number within the green progress bar.
Each faucet claim will increase the experience point to level up. So, at least, we can slowly increasing it by keep claiming the faucet.
Even though they use FaucetPay.io, the minimum to withdraw is 10,000 tokens. For that it can take from 500 claims up to 2,000 faucet claims. So, it can take a while.
There is nothing else I can say further about faucet from SimpleBits.io. If they can stay as the current state, with no captcha and minimum ads, I don’t see why we should not use this faucet.
This is a good one. But cryptocurrency faucet is not the only earning options here on SimpleBits.io.
SimpleBits.io actually offer an investment feature in the form of renting mining hardware. Like other investment, we submit some amount of money and each day we will get paid the profit + the principal back.
In this case, the money is the token we have and the deposit means RENT the HARDWARE. Depending on the type of hardware, we may rent longer investment term but with higher interest rate.
The tokens that we earn from faucet or other earning feature on SimpleBits.io can be spent to rent this hardware. While waiting to reach the minimum to withdraw, our money can grow by itself using this feature.
How does it work?
First, we need to access this investment feature page by clicking on the HARDWARE menu at the top. The previous picture displays that page.
Then, we can scroll down and we will find 4 different types of hardware that we can choose to rent. Each of them has its own cost, duration and interest rate.
Here are the details.
Cost per item: 600 tokens
Duration: 30 days
Interest Rate: 5%
Profit per item: 30 tokens
Total Reward per item: 630 tokens
Cost per item: 600 tokens
Duration: 60 days
Interest Rate: 10%
Profit per item: 60 tokens
Total Reward per item: 660 tokens
Cost per item: 720 tokens
Duration: 90 days
Interest Rate: 25%
Profit per item: 180 tokens
Total Reward per item: 900 tokens
Cost per item: 800 tokens
Duration: 120 days
Interest Rate: 35%
Profit per item: 280 tokens
Total Reward per item: 1,080 tokens
To start the investment, we just need to RENT any of these. We can enter the amount of hardware in the second column. The page will automatically calculate the cost and total reward for the number of item we enter.
Then, we just need to click on the blue RENT button. There will be an announcement at the top right corner of the page like in the next picture.
We might want to reload the page by clicking on the HARDWARE menu again. Now, at the top of the page, it will display the active hardware and the daily reward we will get as shown by the second picture below.
From my example below, I rented 3 items of Superior Hardware and each day, I will get 27 Bound Tokens. We can also click on the HARDWARE LOG blue link to find out further about the active hardware like how much longer until the end of investment term.
Notice that we will get paid in BOUND TOKENS not the basic TOKENS. So, there is two different internal currency on SimpleBits.io.
Bound Tokens are actually the Tokens that we can either spend on advertising or just to withdraw. That means, we cannot spend these Bound Tokens to rent another hardware like reinvesting.
It is a one way and we cannot trade BOUND TOKENS back to TOKENS later. Even if we don’t use this investment, we will eventually have to trade TOKENS into BOUND TOKENS in 1:1 rate if we want to withdraw.
Also, we cannot use the deposit feature to send money to our SimpleBits.io account and spend them to rent this hardware or invest. Any deposit will go straight to become BOUND TOKENS.
The payment will be sent once a day at 00:00 server time, which is using UTC time.
Comment and Suggestion
I don’t see why anybody don’t want to use this feature in order to increase their earning. It is true that SimpleBits.io states that their website is still in beta version and we can probably expect new features coming.
For me, it is already a weird thing that they use two different currencies, TOKENS and BOUND TOKENS. If they want to give a reason not to rent hardware, they must add features where we can spend Token and not the Bound Token.
It will still take a while before we can reach the minimum to withdraw. And when we do want to withdraw, we need to trade Tokens into Bound Tokens as well.
It is either let them keep our earnings or money sit in our account that we cannot do anything or just invest and let the money grow itself. People might say that they want to spend the money on advertising, but we can only do that with Bound Tokens.
Even the least cost to advertise on SimpleBits.io is 6,000 tokens. Unless we want to make a deposit, it will have to rely on the earning features. For that matter, I think the RENT HARDWARE can actually help make it faster.
Of course, because of the duration it will make it longer to withdraw but it is a good trade off. Especially if we don’t use the site very actively and we need like 1 or 2 months before we can withdraw.
For the STARTER HW, we need like 29 days to reach BEP. That is just 1 day before the end of investment term.
We need 55 days for the INTERMEDIATE HW, or just 5 days before the end of term. 72 days for the ADVANCED HW or 18 days ahead and 89 days for the SUPERIOR HW or about 1 month ahead.
I think while waiting for that, people will definitely keep using their faucet and other earning features which will also help reach the BEP faster. Also, reaching BEP doesn’t mean reaching the minimum to withdraw, unless we do rent 10,000 tokens worth of hardware.
For me, whenever I reach 800 tokens, I should just invest them in the Superior HW while keep earning from faucet or other features. Then, whenever the Bound Token reach the minimum to withdraw, I will withdraw.
I guess, people should just calculate how long for them to reach the minimum without renting and compare that number with renting. Maybe don’t use any renting or rent the cheaper hardware.
The biggest issue is that we lose the flexibility to withdraw. Maybe some people want to trade tokens into Bitcoin as soon as possible.
But then, the policy to withdraw is we still need to wait until the end of the week or even longer before we get paid. For people who want to keep using this platform for long term and willing to wait, renting is not a bad idea.
It is a shame that they don’t let us make a deposit and spend them to rent. I think it is a good investment rate. The interest rate of the Superior HW is slightly higher than what StakeCube.net has been offering. They are not the highest rate. CoinPot.co recently started offering even higher.
I guess another concern is that this kind of programs can become scam anytime. All I know is that the owner has been offering this service for quite a while on their other website.
The fact that they don’t allow us to invest from deposit or outside money means that they don’t want to be responsible with something they cannot handle.
I think this is a good way for the owner to estimate how much money they need to pay for member’s withdraw. Maybe the best suggestion for this is, we have to make our estimation and decide whether to just earn and withdraw as fast as we can or wait longer by renting.
Maybe their other earning features can help us make decision.
PTC (Paid to Click)
The next feature we can use to earn on SimpleBits.io is PTC or Paid to Click. From a Paid to Click program, we can click and view the ads and get paid a small amount of money.
It is actually similar to cryptocurrency faucet, their main feature. The difference is that the ads that we are viewing to earn is an advertisement by the member of SimpleBits.io. We can even advertise and while promoting our programs, rewarding the viewer with Tokens.
So, it is not always available because there will be times when no member is willing to advertise. Nevertheless, if any ads is available, we can view and earn from them, unless the ads is our advertisement.
How to Earn
First, we need to click on the PTC menu at the top of SimpleBits.io page. This will bring us to the page similar as the depicted from the previous picture.
If there are available ads, we can see a green number right next to the PTC menu. On that page, we will see three tabs or submenu, PTC ADS, CREATE PTC ADS and YOUR ADS. The last two will be discussed in how to advertise section below.
The first one is where we can find ads to view and earn from. From the example above there is only one available ads. Each of the ads will display a title, a bit of description, the reward and duration of viewing time.
All we need to do is jut to click on a button in that ad’s box that says VISIT SITE. After clicking that, the page will reload and will have a captcha from Solve Media that we need to solve before we can actually visit the site.
The next series of pictures display the process. After we solve the captcha the page will then load the ads as shown by the second picture below.
We need to understand that it is a framed window consists of 2 parts. The first one at the top will have a logo from SIMPLEBITS.IO and a timer at the top right corner of the screen.
We need to keep viewing this window until the timer is done and the timer will then be replaced by a button that says CLAIM REWARD. After we click that button, we will return to the main PTC page of SimpleBits.io and get paid some tokens to the account balance.
The ads we just viewed will no longer be available until the next day, assuming the advertiser still have some advertising credits for the ads. We can repeat the process with the other available ads or as the page suggests, come back later. Remember to check the PTC menu at the top and it will display a number of available ads.
Otherwise, that PTC page will also display the viewed ads if we are interested to check them out again. Each ad from PTC we viewed will also grant us 5 experience points to level up.
How to Advertise
As mentioned before, as a member of SimpleBits.io, we can also advertise by paying for advertisement fee. Some of the payments will be given to the viewer as a reward.
To advertise, we first need to access the PTC menu again and this time click on the second tab on the PTC page that says CREATE PTC ADS. We will see a form to fill about our campaign as shown by the next picture.
The right side of the page will display the preview as we enter any info to each field. Start with the title of the campaign, the description and the URL (https only).
Then we can enter the number of views or viewing credits. The minimum is 500 views. There is also an option to put a POPULAR TAG by paying 5% extra fees. If we click the box to get the check mark, we can see the tag on the top left side of the preview.
At this time, the page says the popular tag is currently FREE.
Then, finally, we can choose the timer. This will determine how long the viewer has to keep looking on our campaign before they can claim the reward. Here are the options.
11 seconds: 12 Bound Tokens per view.
16 seconds: 18 Bound Tokens per view.
21 seconds: 28 Bound Tokens per view.
26 seconds: 36 Bound Tokens per view.
36 seconds: 56 Bound Tokens per view.
46 seconds: 86 Bound Tokens per view.
After we choose the duration, the page will automatically calculate the total cost. Currently the lowest cost is 6,000 Bound Tokens for 500 views.
This has to be paid with BOUND TOKENS not just TOKENS. We can either deposit from outside SimpleBits.io or do a one way trade from TOKENS to BOUND TOKENS. More about this below in Payment Section.
Assuming we have the funds ready, we can click on CREATE AD button at the bottom to proceed. The page says, currently, every ad will be approved instantly but this may change in the future.
However, it doesn’t mean that there is no restriction as what kind of campaign we can promote. At the bottom right corner of that page, they state the rule as follows.
The sites are not allowed to have adult content, promoting drugs or illegal contents, a shortlink, or sites that can create infinite loop and or framebreakers.
SimpleBits.io will just delete the campaign and there will be no refund for campaigns that break these rules. They could also ban the advertiser’s account.
I haven’t tried this but after we have created an ad, we can manage the campaign in the third tab of the PTC page that says YOUR AD.
Comment and Suggestion
Currently, there are not that many PTC ads on SimpleBits.io. At most we can get about 2 or 3 ads in a day as an average number. During the peak time in a week, we can get up to 5 ads which all of them offer the lowest possible reward and that is 6 Tokens.
That means, about half of the payment from advertiser will go to the viewer. I don’t know if the same ratio also works for longer duration campaign.
For the earner, it is not a bad PTC to earn from. Assuming that 6 tokens is equal to 6 satoshi, that we only have to wait for 11 seconds and solve captcha from Solve Media for that reward.
There are other that offer higher or at least shorter duration but clearly not the worst. At least they don’t use Google reCaptcha for this. The only problem for earner or viewer is that we have to stay focus for up to 46 seconds.
On the other hand, that is a good feature for advertiser. That way, the viewer will have to view on the ads instead of just ignoring them just to get the payment.
Any advertiser must understand that some of the website cannot be loaded in a framed window. It is a good thing that SimpleBits.io offer a URL check as well, not just the preview for the ads.
Anybody who wants to advertise must use that feature to test. Otherwise they are just wasting money because viewer will not be able to look. SimpleBits.io will eventually open a new browser tab to load the ads without framed window after the viewer claim the reward.
But still, at that point, viewers will just try to close it immediately. Also, the top frame for SimpleBits.io logo and timer is very narrow, which is good for advertiser that they can have bigger viewing area.
For earner, sometimes, it seems like the page can automatically scroll down as if there is no other frame. Earner may forget and just close it immediately, forgetting to claim the reward at the top.
To start advertising, we need to pay for 500 views for the campaign. I don’t know if we can still change the URL or anything on the page to manage that. Usually we can only either activate or pause the campaign or increase the viewing credits.
If we cannot change the campaign, then, it is recommended to promote not just a program but a list of programs, like top cryptocurrency faucet programs. Any online program can suddenly just close down their website while we still have some viewing credits for them.
This can be mitigated if we create a unique page that will link to multiple different programs. Also, we can still edit that page.
The 500 views as the minimum is also a bit high. Some other allow us to start with just 1 view which we can use to experiment first. However, some other can also require higher like 1,000 views as the minimum.
The cost, 6,000 Bound tokens can be very high especially if we just want to spend the earning. If we want to use the deposit method instead, the minimum is 10,000 Bound Tokens or $1 worth of Bitcoin.
Also, we have to remember that this is not an ad network. PTC site has a limited viewer’s background. Most people will just trying to earn and probably looking for more programs to earn.
Which is why, we cannot just advertise any program. It is recommended to promote programs related to online earning or cryptocurrency.
Personally, I have never used the advertise feature on any PTC program so I really cannot say much how effective the campaign can be. Some people claimed that they can get a lot of referrals like hundreds of them by advertising on any PTC.
The problem is that they don’t specify how much money they spend for the advertising. It is better than not promoting at all. However, because it involves spending money, we also need to make sure that the campaign can give a good conversion rate.
It is not that I don’t recommend anybody to advertise here or other PTC but we need to know how to advertise the right way or we are just wasting our money.
Some type of programs may need to be promoted on different platform like Ad network or via social media which can also be cheaper or even free. Understand the product we are promoting and find out the right way to promote them.
The next earning feature we can use on SimpleBits.io is shortlink. Shortlink or Shortlinks providers are third party programs and SimpleBits.io only acts as host.
What they do is they will provide a series of links or pages that we need to go through. The pages or links will have a lot of ads and sometimes captcha systems that we need to solve to proceed. At the end of it, we will get the payment using the host’s currency.
The shortlink providers will pay the host and the host will share the payment to the member who visit the link. So, by completing the visit to these links, we are actually helping SimpleBits.io, the host, to get some revenue.
The host can have several providers on their platform. Each of these providers will have their own page and probably different process how to go through their pages or links. One provider can be very easy to complete while the other can be way more difficult.
How does it work?
First, we can access the shortlink page by clicking on the EARN TOKENS menu and from the drop down, click the third one that says, SHORTLINK. The page we will see is similar to the previous picture.
What we see here is the list of shortlink provider. The provider’s name is the one in yellow font color. The second column is how many claims or visit to the link we can do within 24 hours. This will be reset 24 hours after our last visit.
Then the third column is the reward we get for each visit. Currently all of them are set to 7 Tokens per visit. If the links allows us to visit 3 times or 3 claims, we can get the total of 21 Tokens.
The last column is the link itself. We can click that VISIT button to start going through their pages before we can get paid.
For my example here, I will be visiting the one from EXE.IO or the second on the current list. I haven’t tried everything but I think EXE.IO is probably the simplest one. The next series of pictures display the process.
As we can see from the first picture, the page will have a CONTINUE button. Usually on other provider there will be a captcha system that we need to solve as well before we can continue.
On this one, it depends. Sometimes it will load a captcha right after we click the blue button. Other times, we can immediately proceed to the next page as being shown by the second picture.
On the next page, we will see a timer. This one is set to 6 seconds while on other providers can be a different duration like 10 seconds or more.
We just need to wait for it to finish the countdown. Sometimes we need to click anywhere on that page to trigger the pop up ads. If we don’t do that, the timer will not start. It can be a couple of pop ups.
After the countdown is done, the button right below it will say GET LINK. We can click on this button and this will send us back to the host or SimpleBits.io.
Back on the shortlink page of SimpleBits.io, as shown by the fourth picture below, we can see that the button for EXE.IO is now being replaced by a COMPLETED sign. At this point we need to wait for 24 hours before we can visit the same link again.
Maybe I miss the announcement, but we can check the transaction history to find out whether they pay us or not. We can click on the ACTIVITY menu and from the drop down click on TRANSACTIONS.
Each visit to a shortlink will also grant us 7 experience point to level up. We can wait or visit other links if we want to earn more tokens and level up.
For those who are willing to earn from all of the shortlinks, SimpleBits.io offers some daily reward if we visit a number of links within the same day.
We can access this feature by clicking on ACTIVITY menu at the top and from the drop down click on CHALLENGES. The next picture is what we will see from that page. Here are the possible rewards.
10 Shortlinks: get 10 Tokens
20 Shortinks: get 20 Tokens
30 Shortlinks: get 30 Tokens
For all of these we need to claim the reward manually. There is a CLAIM button at the end for each challenge.
What we need to understand is that these challenge will reset based on the server time at 00:00. So, each day, we can complete the challenge over and over again for more prize.
However. the shortlinks we visited will not reset until 24 hours since our visit. We might want to adjust the time when we do visit links for the purpose of this challenge.
I think the reward is not that worth it but if we somehow can complete the challenge, it doesn’t hurt to claim these. Otherwise, we can just ignore them.
Comment and Suggestion
Since shortlinks are third party program, the host is the one who decide how much money that the visitor will get for each visit. We don’t know how much the host get from the providers.
The thing is, SimpleBits.io set 7 tokens, the same reward for all of these links. Each of them will have different pages or process to go through before we can get that same reward.
One shortlink providers can be more annoying than the other. Maybe they will have a lot more pop up ads or even create like an infinite loop that makes it almost impossible to complete. Yet, the reward remains the same.
So, if we do want to use this feature, I suggest giving all of these providers a try and see which of them will be easier. Back then, I used to choose my best pick, describing how hard each of them can be. The problem is, those providers can always change their page.
Maybe at a time the provider is relatively easier but then they keep adding more and more ads. Even EXE.io has those time when it become rather difficult to complete.
Since these shortlinks are third party programs, we can also access them on different host or platforms. Other similar cryptocurrency faucet program can offer the same providers as well.
However, if we complete them on other program, there is a chance that we may get higher reward for the same effort. I haven’t done it, but maybe we can try making some comparisons.
It is also possible that on other host, completing shortlinks will not get us any money. Maybe they use them for like daily sign in or integrate with the faucet.
Why not complete both or on all of the hosts? We can but some people may not have the time for that and can only choose one. But I would say probably it is better if we can find our favorite one and try to complete that on all other hosts.
This is instead of just choosing one host and complete all of different providers. However, some of the host, or even the provider themselves can have a restriction based on IP address as how many times can we visit them regardless of the host.
It is probably one of the reason I don’t use this feature much these days. Even the PTC is better and less annoying compared to some, between 6 tokens at least from PTC and 7 tokens from shortlinks. Sure, they are not always available.
I only consider shortlink as extra while faucet is the main feature to use. Extra means, maybe we are about to reach the minimum to withdraw or rent hardware with just a couple of tokens short. We have these options.
Compared to offerwalls, which will be discussed right after this, the reward from shortlink is not that much. However, it is still a universal where more people can access them while offerwalls will have restrictions.
The daily challenge rewards for shortlink are not that much. I kind of wish that they reset the shortlink based on server time. Otherwise, people will have different time each day to complete them because they need to wait for exactly 24 hours.
Regardless, these are still an earning option we can use to earn more money.
Offerwalls are also another earning option we can use on SimpleBits.io. Like Shortlinks, these are 3rd party providers and SImpleBits.io is just the host, that acts as browser to access the provider’s website.
Instead of offering links or pages to go through, offerwalls are providing some tasks that if we can complete them, we can get paid. The tasks can be watching videos, view or click on ads, even PTC, doing survey, trying mobile apps or even joining other programs.
Different offerwalls or offer provider can have different type of tasks but usually they do better for one type than the other. Like shortlinks provider, these 3rd party programs will pay the host for each completed task and then the host will pay the user who completed the task.
Some of the task may require manual verification and take several days before they send out the payment. It is possible that our work will be considered as failure or incomplete and the provider will refuse to pay.
But with a lot of providers, maybe we can choose some that will work for us.
How does it work?
First, we need to access the offerwall page by clicking on EARN TOKENS menu at the top and from the drop down, click the second one or the one that says OFFERWALLS. Alternatively, we are on the HOME or dashboard, we can scroll down a bit and find the OFFERWALL menu at the bottom right.
Either way it will lead us to a page as shown by the previous picture. As we can see this is a list of available offerwalls providers. Currently there are 10 of them that we can try and the host can add or remove them from the list.
What we need to do is simply choose any of them and click the corresponding VISIT button. The page will then load the website of the provider as shown by the next picture.
For this example, I tried Adscend Media. like the sixth one on the list. At the top of the frame that load the offerwall, we can see several tabs for available categories of tasks that we can choose from to filter out the ones that we don’t want.
Regardless, we can see a list of task like on the next picture. Each task will have a bit of description and the green box indicates the reward we can get if we can complete the task. The reward is in the host’s currency or in this case, TOKENS.
If we click on any of them, a small window will appear with another button to confirm that we want to participate in the task. The second picture below displays the process.
Then, the third picture starts the task. In this case for a survey. I don’t know exactly how this works. Each task will have a different process to go through.
For a survey, we will need to answer a lot of questions which we may or may not be able to reach the end and complete it because the offer creator might think we are not their target audience. Usually that is based on the answer of the first couple of questions.
Usually we have to wait for probably several days before we can find out the result whether we will get pair or not.
Most of these tasks are related to survey and probably some mobile apps. We probably need to try them out one by one.
Like the Shortlink feature, SimpleBits.io is offering a daily reward if we can complete a number of task from Offerwalls. We also need to claim the reward manually and the reward is reset everyday, UTC time and we can try to reach those number everyday.
The reward is in the same one as the Shortlink. We can click on the ACTIVITY menu and from the drop down click on CHALLENGES.
We only need to complete up to 5 tasks each day, and we can get up to 750 tokens. However each task must be worth at least 5,000 Tokens.
Comment and Suggestion
To be honest, I’m not a fan of offerwalls. The first reason would be the accessibility of these tasks. Not everybody can participate.
Survey, for example, will try to gather some valid data related to some business. It could be about a smartphone brand, and only people with that smartphone brand can access the survey.
Survey is probably the task with one of the highest reward compared to other type. That is if we are the right participants.
Other type of possible task is usually videos, not really sure if there are any from the available offerwalls. It is an easy task where we just need to watch a video.
The video itself is probably universal, anybody can watch it. However, the idea is usually that the offer creator will want to gain revenue from ads.
The ads itself may not be available for anybody, only for people from specific geographic location. With no ads, we either cannot watch the video or just will not get any payment.
Then, there are task where we need to sign up and install mobile apps on our phone. Usually we are not allowed to create multiple accounts for any programs, especially if the program is offering some kind of affiliate.
So, these tasks is probably accessible to just anybody but not everybody can access it if we already have an account for the programs. Instead of getting paid, we could be risking our account into getting banned because of trying to create multiple accounts.
The easiest task we can find is usually another PTC, again, not sure if they are available on SImpleBits.io. For these, we usually will get paid immediately. However, the reward is way lower than any other type of task. Probably the lowest and there are less and less of these.
So, there is always a chance that after spending some time trying to complete these tasks, at the end they may consider our work as not done and decide not to pay us, wasting our time.
Don’t forget that we may need to wait for a couple of days only to find out the task is failed.
The second reason as why I don’t like offerwalls is that these are 3rd party program. If we have trouble with the task, we have to deal with the provider directly and the host can do nothing about it other than removing the provider from the list. That will not happen if the host still get payment from the provider.
Also, like shortlinks, because the provider has to pay the host and the host will share the reward to the user, the reward is actually way lower than if we can access the offer directly to the provider’s website. Not that we can do that to all of them though.
Eventually, we have to consider offerwalls as just another extra, probably just to help us reach the minimum to withdraw faster from SImpleBits.io or the host. Instead of earning another internal currency and have its own minimum, these offerwalls pays with the host’s currency.
If we can find the offerwall that works for us, then it is great. I know some people can earn a lot from these but not everybody can. We can only give them a try and if it doesn’t work, just move on to other offerwalls or other earning options or just another cryptocurrency faucet.
Also, in most cases, we are not allowed to complete the the same task from the same provider but different host. We can get banned as well if we try. That means, we might also want to compare on which host we will earn the highest for the same task.
As for the host, usually on other host, we can see some pending transactions after completing the task. I’m not sure if we can find that info on SimpleBits.io. Some improvement that the host can do is tell us what type of task that the offerwalls are offering so we don’t need to check them out one by one.
It is nice to have an extra earning option. We can only hope that SimpleBits.io can add more offerwalls that may work for anybody.
Referral / Affiliate Program
As I said before that the amount of money we can earn from SimpleBits.io or any other faucet program is actually very low, They are just pennies and some people think they are not worth the time.
However, by offering an affiliate or referral commission, any program can become a long term passive income. We don’t have to spend our time, actively keep using and earning from the faucet or any other feature.
What we need to do to earn this commission is to invite other people to join the program and let those people use the service. In this case, the program is SimpleBits.io and the service is from either the faucet or the offerwalls.
If the referrals earn something from those features, we as the referrer will get paid a commission some percentage based on their earning. It is true that we will get something even lower but that is just from one referral and probably just one faucet claim or task.
The more referrals that we have and the more earning that they get will increase the commission that we will get. Moreover, we can earn those passively, 24/7, even while we are asleep.
In theory, with unlimited number of referrals we can have unlimited passive income.
How does it work?
Like on any online program offering an affiliate or referral commission, each member will get a unique link with their ID attached to it. It is called a referral link or ref link and this next one is mine for SimpleBits.io.
If anybody click on that link and join the program, they will become my referral. And if they use the service, claim from either faucet or offerwalls I will get commission, 25% from referral’s faucet earning or 5 to 10% from offerwalls earning.
What we need to do is to share the link to anybody on any online platform that we regularly use. The platforms can be our social media accounts, forums, group messenger for family or friends, emails or even blog and website that we own.
Anywhere we can post the link and the public can access it will work. Even Google Docs can do.
Our own unique link can be found from the dedicated page for this feature. We can click our username at the top right corner and from the drop down, click on REFERRALS.
There is also a link at the bottom of the page under MORE section. This will bring us to the page similar to the previous picture. The link is the one in the middle with yellow font color that starts with “https”.
Unfortunately there is no copy button or share button so we have to make sure that we copy the complete link. Missing or adding just one character means losing a potential income source.
On that page, we can also find the total number of referrals and the income that we got from them. At the bottom we can see details for each referral like their registration date, the commission, username and last activity time.
Currently there is no other tools like promotional banner and such. The link is the essential one though.
How to get (more) referrals?
Well, sharing the link is a must but how exactly? Sharing to the wrong people is like a salesman approaching stranger. People hate that.
If we try to share on our social media, people might get annoyed if they are not interested. Especially if we are spamming, sharing over and over again like multiple times within a day.
We could lose our followers, risking any network we have built. Maybe it’s better to have alternate account specifically just to share this kind of program.
We look for community or other users that we know are interested. Or only when they ask, then we can share with them the link.
A better way might be to share on forums. Not just any forum of course, but related to online money making program, bitcoin, or other cryptocurrencies.
The problem with using any free platform like this is that we are probably not the only one who promote the same program. We have to offer something more than just the referral link like anybody else.
Another thing is that these free platforms have rules that they can suddenly change about promotion and not to mention, shutting down their service entirely. We have to start over our campaign if they delete them.
A better way would be to have our own website. We can share anything not just one program but others with the same, similar or related topics.
Having a website is like having a shop in real life. People can always come back to and find out more programs to use.
Then we can use those free platforms, forum or social media accounts just for promotion. A good way to get backlink or generate traffic.
Since it’s an online shop, it will stay open 24/7, no need to wait for us to wake up and can be accessed from everywhere around the world. The best part of having our own place or website is that any search engine like Google will do the promotion work non stop.
And they will show the website as a result to exactly people who are interested in it. They use the search engine to look for it and get the website we build as the result. No need to worry about being annoying salesman.
Those people will access the website, see what we have to offer. Maybe a review like this, other or similar program we use, sharing experience, opinion, views to let people know that we understand this kind of program.
If they are interested, they will become our referrals for any program we promote. Once we have enough referrals for SimpleBits.io or every programs we promote, we can have passive income even full time income.
That is exactly how people can build their business online. They own a website, fill the website with contents that can help promote a program, and let it work automatically.
If you are interested to know more about how to build a website and turn it into an online business, keep reading. I will share with you later about a training program that anybody can use.
In the meantime, let’s head back to SimpleBits.io for a little bit.
Comment and Suggestion
The referral commission rate is not the best, just 25% for the faucet. The highest one among similar programs can be up to 50% but there are those who offer even less like 5% or none at all.
25% means that every 20 Tokens earned by the referrals, the referrer will get 5 Tokens. If they earn like the least, just 5 tokens, we probably get 1 Tokens as the commission.
The more active the referrals, will of course increase their level which the more likely to earn higher reward and generate higher commission rate. Still, the highest reward per claim is 20 Tokens.
Sadly, we will not get any commission if the referral earn from PTC or shortlinks. Those are the two earning options where almost anybody can use and yet we will get nothing.
However, at least, this can give a reason for referral to keep coming back and use SimpleBits.io. While earning from other features, they will eventually use the faucet again at least.
Nothing for renting or even making deposit. I don’t know why but this is typical. What I mean is, if we help SimpleBits.io to get advertiser, shouldn’t they reward us? Almost every similar programs don’t do this.
I’m still not sure how they will calculate the commission for offerwall. That is the issue here that there is no further explanation.
The good thing is even if we cannot access any task because of our background that doesn’t fit the requirement with the task, our referrals still can. That means we can still get commission.
I suspect that the task must be worth at least 5,000 tokens in order for the referrer to get commission, but I could be wrong. At least, if the referral just complete lower value task, like worth 100 Tokens or less, we only get 5 or 10 Tokens then at most.
The best thing would be to promote SimpleBits.io to people who live in USA or maybe Europe country. I think most of the survey related task are meant for people from those countries.
Well, I did say that with affiliate or referral commission, any program can be a long term passive income. But that is in theory. In reality though, probably not that easy.
Not every referral will be active or even generate commission at all. What we are looking for is an active one. On other program, they say the ratio between the active and all of the referrals can be about 1:8.
That is from a totally different programs compared to SimpleBits.io, a cryptocurrency faucet program. Still, the more referrals we have can increase the chance for getting those active one.
Another thing we need to consider is how good the program is. A good referral program will always rely on the main feature of the platform.
There is no point on getting a lot of referrals if none of them are willing to use the service at all. So, the question is, is SimpleBits.io good enough?
I think the faucet is probably one of the easiest to claim from. However, the reward is probably not the best. There are some interesting things like the investment or renting the hardware.
The problem is, even I only realized that when I decided to write this article. We have to use those features as the selling point when promoting SimpleBits.io.
Another good point from SimpleBits.io is the registration process. There are other simple instant faucet program where we can just immediately sign in using wallet address.
The thing is, people can easily change their wallet address. Some wallet might even force people to change their address. Regarding the referral feature, usually when people change their ID like that, they will probably no longer become our referrals.
Which is why those kind of programs are not a good one for long term passive income. That is not the case with SimpleBits.io because they require using email address. It is easier for anybody to keep coming back using email address.
There is no guarantee that they will not change it but the issue is not with the platform but the user themselves. Even if the user do that, they can be considered as creating multiple accounts, so they are not a good candidate for referrals as well.
With all of that in mind, I think potentially, SImpleBits.io can be a good program for long term passive income. It is just that they may need to improve and offer a lot more earning options.
Currently they are saying that this is still a beta version, we can probably expect something good to come. Until then, maybe we can also try promote other program as well.
That is the beauty of referral features. We don’t really need to stick and promote just one program like their employee. Promote a lot of programs to diversify and create a lot of income streams.
Level and Achievement
We already mentioned a couple of times about the member’s level. By continuing using features on SimpleBits.io, we can increase our membership level. The main benefit with getting higher level is to increase the chance on extra token for each roll from the faucet.
Each level will increase the require points to level up by 10, starting with 100 points. For each faucet claim we get 10 points, 5 points from PTC and 7 points from shortlinks. Not really sure from the offerwalls and I don’t think we will get any from the referral’s activity.
The other benefit is that we can get extra tokens once we have reached certain level. These are a one time achievement bonus that we need to claim manually as shown by the next pictures. They are not going to reset or expire.
We can access the bonus by clicking on ACTIVITY menu and from the drop down, click on ACHIEVEMENTS. To get the bonus, just click the active CLAIM button.
Bound Tokens, Deposit and Withdraw
Since we are dealing with earning and advertising features, the important question would be how do we get paid or withdraw the money and how to make a deposit.
The first thing we need to do, especially if we want to withdraw, is to get our account verified first. Actually, the email we use to sign up with SimpleBits.io needs to be verified.
Unfortunately, I didn’t make a documentation of the process. But if I remember correctly, there will be some kind of warning at the top of the page that will tell us to verify the account.
I think, the next thing we need to do is go to the account setting. We can do this by clicking on the username at the top right corner, and click on SETTINGS from the drop down.
There will be a button that will send a confirmation link via the registered email address. We need to click the link from that email to verify the email address.
After the account has been verified, we can withdraw.
On that setting page as well, we need to enter the wallet address info of Bitcoin wallet, Dogecoin wallet, ExpressCrypto.io ID or via FaucetPay.io (Bitcoin only).
Make sure we enter the address to the right field and click on UPDATE ADDRESS or UPDATE ID to proceed.
I will discuss the deposit feature first. SimpleBits.io accepts deposit in Bitcoin only. The deposit will then credited as Bound Tokens, not as Tokens. More about Bound Tokens next.
There is a minimum of 10,000 Bound Tokens or about $1. If we deposit less than that, we will not get the money to our account.
To make a deposit, we can click on the username again, and click on DEPOSIT menu from the drop down. First, we can enter the amount of Bound Tokens before the GENERATE ADDRESS button becomes active.
The page also says that we have a 1 hour window. I’m not sure since I have not tried it yet but, I think we need to send the money within 1 hour since we generate the deposit address.
Also, it seems that we can only make deposit if the amount is correct. If we click on the GENERATE ADDRESS button, the page will tell us exactly the amount of Bitcoin we need to transfer and the address, as shown by the second picture below.
Technically, we can still use SimpleBits.io as a Bitcoin wallet to accept payment. But considering the complicated process, I don’t really recommend it.
Also, there is no copy button and no QR code to scan. We have to check again before transferring the funds.
Bound Tokens and Exchange
We cannot withdraw Tokens. First, we will need to exchange TOKENS into BOUND TOKENS. Only then, we can submit the withdraw request and eventually get paid in either Bitcoin or Dogecoin.
Exchanging from Token to Bound Tokens is only one way. We cannot exchange them back. Tokens can be spent to Rent Hardware while Bound Tokens can be only be spent to advertise or just withdraw.
So, there is a bit of consideration before exchanging them. The exchange rate is currently 1:1 so, 10,000 Tokens is equal to 10,000 Bound Tokens.
To exchange, we need to access the WITHDRAW page. We can click on the username at the top right corner again, and click on WITHDRAW, from the drop down menu.
If we scroll down a bit on the Withdraw page, we can see a field to exchange. Just enter the amount of Tokens we want to exchange and click on the CONVERT button to proceed.
The process will be done instantly. We can see the result at the top, the change between the Token Balance and the Bound Token Balance.
At this point, we can either spend the Bound Tokens to advertise or to just withdraw. For withdrawing, we can either get Bitcoin or Dogecoin.
That means, since we make deposit with Bitcoin, we can consider this as exchanger from Bitcoin to Dogecoin. Again, I don’t really recommend anybody to use SimpleBits.io as wallet or as exchanger.
Assuming we have already setup the payment ID and have the minimum of Bound Tokens to withdraw, we can now submit the withdrawal request. On the WITHDRAW page, at the top, we can first choose the payment method.
Next, we need to enter the amount of Bound Tokens we want to withdraw. The minimum is 10,000 Bound Tokens and the page will automatically calculate the conversion to either Bitcoin or Dogecoin.
After that, we just need to click the WITHDRAW button to proceed. Instantly, the request will be listed to the payment history at the bottom of the page.
As shown by the second picture below, there will be a pending status for the withdraw request. SimpleBits.io states that the payment will all be processed on weekend but it can take longer.
From my example below, I requested on August 13, 2020 and get paid on August 16 which is the Sunday after the request. The fourth picture below displays the payment history on FaucetPay.io account.
If we use ExpressCrypto.io or FaucetPay.io method, we have no choice but to accept the payments in Bitcoin. For Dogecoin, the only way is using payment sent directly to the Dogecoin wallet.
As a suggestion, if we only want to withdraw the minimum of 10,000 Bound Tokens, payment via either micro wallet is recommended. For direct to either Bitcoin or Dogecoin, it is recommended that we request higher amount.
Some of the wallet also only accepts minimum amount of deposit. Most of them will require at least like 10,000 satoshi for Bitcoin and probably more. For Dogecoin, the recommended amount is 50 or 100 Dogecoin.
Another consideration aside from the minimum for deposit of the wallet we use is the transaction fee later. If we only accept very low amount to our wallet, even if the wallet accept it, the fee can have higher amount than the balance and we will not be able to send to anywhere.
For those who don’t have any Bitcoin or Dogecoin Wallet, I recommend using the one from StakeCube.net. The reason is because they offer interest or investment feature so just by keeping some amount of balance there, the money can grow.
Any wallet will do. Just make sure we know how to use them and check again the minimum of deposit amount for each coin.
As for the micro wallet, should we use ExpressCrypto.io or FaucetPay.io.
Personally, I prefer FaucetPay.io because there are a lot more cryptocurrency earning programs there. Both of them offer exchange to multiple different coins.
FaucetPay.io only currently offers 8 different currency but they can add more in the future. Read more from my FaucetPay.io Review and find out more similar programs to SimpleBits.io.
Recently, ExpressCrypto.io started offering Staking for some coins. That makes them not only a micro wallet but also as an investment program. Moreover, currently they accept about 27 different cryptocurrency from the initial 20.
I have not written any review about this micro wallet service but we can use this link to create account with ExpressCrypto.io.
Learn more from my ExpressCrypto.io Review.
Earn More Coins
Here are more programs to earn either Bitcoin (BTC) or Dogecoin (DOGE). Most of these are cryptocurrency faucet like SimpleBits.io or any kind of earning programs.
For any micro wallet service, they will a lot more faucet programs that I didn’t put them on the list here. Some are also investment programs so they can grow our money just by saving some balance there.
If the program has exchanger feature, they may offer different coins but we can easily trade into the one we are collecting. Also, if any of these programs accept any deposit, usually we can use them as a wallet as well but learn how it works before sending the payment and make sure we can get it out.
Links are either to my review if available or directly to the program. Please read my review for the latest status about the program.
For more different programs and more cryptocurrency, check out this article.
FreeBitco.in (Faucet, Investment)
Cointiply.com (Faucet, PTC, Offerwalls)
AllCoins.pw (Faucet, Exchanger)
BestChange.com Faucet (Exchanger)
FireFaucet.win (Faucet, PTC)
A-Ads.com (Ad Network)
BitsFree.net (Faucet, PTC, Offerwalls)
ES Faucet (Faucet, PTC, Offerwalls)
Yannik.biz (Faucet, PTC, Offerwalls)
FaucetPay.io (Micro Wallet, Exchanger)
BonusBitcoin.co (Faucet via CoinPot)
MoonBit.co.in (Faucet via CoinPot.co)
StakeCube.net (Faucet, Investment, Exchanger)
ExpressCrypto.io (Micro Wallet, Exchanger)
Here are some more that I haven’t written a review about.
MicroWallet.co (Micro Wallet)
Cedsonhub.site (Micro Wallet)
KS Wallet (Micro Wallet)
Payeer.com (E-Currencies, Wallet)
Binance.com (Exchangers, Investment)
Bifun.co (Faucet via CoinPot)
ES Faucet (Faucet)
FireFaucet.win (Faucet, Exchanger)
3BTC.org (Faucet, Exchanger)
AllCoins.pw (Faucet, Exchanger)
FaucetPay.io (Micro Wallet, Exchanger)
StakeCube.net (Faucet, Investment, Exchanger)
ExpressCrypto.io (Micro Wallet, Exchanger)
Here are some more sources for DOGE that I haven’t written a review about.
SimpleBits.io is another cryptocurrency faucet program where we can claim once every 40 minutes. As the name suggests, the owner want to make the claiming process as simple as it can get.
They use an invisible captcha system so, every claim we just need to click a button to claim. Still, there will be some pop up ads.
From this faucet, we are actually collecting TOKENS, their internal currency, which later we can withdraw to either Bitcoin or Dogecoin. Each token is set to worth $1, so, the actual Bitcoin or Dogecoin that we will get is fluctuating because of the price.
From the faucet itself, we can only get like 5 up to 20 Tokens per claim by rolling a number which will determine the reward. We can increase the chance on getting higher reward by leveling up and that is by keep using faucet and other earning features.
While waiting to reach the minimum amount to withdraw, we can Rent a Hardware using our earning. It is essentially an investment feature and each day we will be paid some part of the deposit and the profit.
This is a must use feature to increase the reward but it will take longer time to reach the minimum again. There are 4 possible investment plans we can choose from, each with different duration, minimum deposit and interest rate.
Sadly, we currently cannot invest using money from outside SimpleBits.io. Also, we cannot reinvest.
The other earning feature is from PTC or paid to click. Currently there are not that many ads we can earn from but the process is rather easy since they use Solve Media. Of course, we can also advertise if we want.
The next earning feature is from shortlink. There are currently about 40 links we can do each day from 14 different providers. With different providers, each with their own process to get through each links, the reward are all the same so it is recommended to choose the easiest.
As usual, each links will reset and can be visited again but not based on server time. We have to wait for 24 hours since the visit to that link and this can be a consideration if we are aiming for the daily challenge.
The last earning option is offerwalls with a lot of different providers but mostly are survey related tasks. This one also have extra bonus from the daily challenge.
SimpleBits.io does offer affiliate or referral commission with different rate for different earning features. Potentially, it is a good one for long term passive income but there are rooms for improvements.
Even if they use two micro wallet service to process the payment, the minimum is rather high. We also need to wait until the weekend before they process the payment, and it could be longer.
Currently the website says that this is a beta version. It is relatively still new programs and we can probably expect more features to come.
So, if you still consider this as an opportunity for another income source or even to build as another passive income source, you can start earning with SimpleBits.io by creating account using this link. It’s FREE.
As mentioned before that what we can get from SimpleBits.io or any faucet program is actually very low. Usually, the key is to use the referral program, get a lot of referrals and let them do the work and we get the commission passively.
There is no need to rely on just referral program from SimpleBits.io. We can try and promote other referral programs as well. As many as we want.
In order to do that, it’s better to have our own website, promote the program until we can get enough referrals and they can generate income for us. This is not only limited to digital product but we can also promote physical product.
Share a link from a marketplace like Amazon, or directly from big brands like Apple, and if people buy something, we can earn some commission. It’s not limited to just tech product but any passion we have from food, travel, sports, movies.
That is how we can have an online business.
If you are interested to learn more about building a website and turn it into a business, even a passive income, there is a training program that you can try.
On this training, not only we can learn about how to, but we can actually set up the website, grow it until it can generate income. We can learn from a lot of experts who were once just like you and me, know almost nothing about online business.
This is an easy training program that even a guy without a college degree can use it. Within two years he started to have a full time income from his website and quit his regular job.
We can even ask the owner the help out directly. Try it. Join the program for FREE and try to reply their first message to you and see if they get back and help you out.
You can learn more about the training from my review here.
We grow the business and website by using affiliate programs just like SimpleBits.io. Here is my list of other affiliate programs that you can try.
I will keep updating the page and add more programs. So, stay tuned.
Well, that’s all I can share with you about the faucet program, SimpleBits.io. Maybe I missed something and you have more question about it, or if you want to add your experience, view, opinion, don’t hesitate to use the comment section below.
Maybe you also have other experience with other similar programs with this, hopefully a better one, you can suggest something as well. I would love to help if I could and learn more about online program.
Hope my reviews can help. Thanks for reading.