Avalanche (AVAX) is one of the hottest cryptocurrencies in 2021 and 2022. FreeBitcoins.com is honored to be able to give out free AVAX to our users for several months now. This blog post hopefully will teach you how to easily use our website, earn your own AVAX, and withdrawal them!
You will need to create an account on the FreeBitcoins exchange (which we call XChange in honor of the creator of it.) Our XChange is a full-service altcoin exchange with a Bitcoin-only base. There are no stable coins or fiat on our XChange. This allows users to have a bit of privacy while trading in the “Cryptocurrency world”.
2. New accounts must wait 24 hours before they are able to use the FreeBitcoins AVAX faucet.
This allows our team to prevent abuse before the abuse happens. We constantly monitor new registered accounts. This is a good time for users to check our beautiful affiliate system and register their second accounts.
We allow users to have one main account and one self-affiliated account. This allows users to see our system work for themselves, but prevents us from being over run by just a few users with 10,000 accounts.
3. Use the FreeBitcoins AVAX faucet for the first time and earn free AVAX using FreeBitcoins!
If your FreeBitcoins account is 24 hours old, then you are ready to try our AVAX faucet!
**The number one error we see on our faucet is users typing their XChange name incorrectly. If your user name is “Brandon” on XChange, then you can’t type “brandon” on the faucet. Brandon and brandon are two totally different accounts because our website is CaSe SenSitIVe usernames for additional security, so please be sure to keep that in mind during this step.**
1. Solve the “I am human” captcha at the top of the page. 2. Enter your username (correctly). 3. Click “Get Avalanche”
Check to make sure you received the free Avalanche into your altcoin exchange account on FreeBitcoins.com!
Why are Avalanche (AVAX) token’s Tokenonmics important?
Please keep in mind that dishonest teams may lie about the distribution or use of the tokens that they created on the Avalanche network.
Besides that, Tokenonmics are important for tokens on the Avalanche network because it serves as the foundation of “the tokens” future. Will the distribution be accepted? Will there be enough budget or liquidity for real-world marketing? There are a thousand more questions, and all those questions add up to the final answer for “Will this AVAX token succeed?”
What is the author’s favorite token on the Avalanche network and why?
I’m biased, but my favorite token on the Avalanche network has got to be Freebitcoins (FREE). FREE is a token that our team created to be traded on our centralized exchange and build a bridge to Defi exchanges such as Pangolin and other Avalanche decentralized exchanges or services.
What is the difference between the FreeBitcoins exchange and the Pangolin exchange?
The main difference is that FreeBitcoins exchange only supports Bitcoin pairs.
Pangolin allows anyone to make any market for Freebitcoins (FREE) Token. Multiple market pairs mean that our token is linked to many other tokens and coins that users worldwide may be interested such. Such as stable coins. FreeBitcoins.com does not support stable coins, but Pangolin does.
The goal of FREE Token is to help further bridge the centralized FreeBitcoins.com altcoin exchange with other DeFi exchanges and to allow users to experience both centralized and decentralized exchanges for free.
The total outstanding supply of FREE at launch is 1,000,000,000 FREE.
This blog will walk you through the basics on how to use FreeBitcoins.com to earn free Avalanche, Avaware, Bitcoin, and other cryptocurrencies!
Editor note: We have launched our own AVAX token called Freebitcoins (FREE). The contract is 0xca7730d239f9fca6d9683b0a62ed1a6c660d7cba and more information can be found here.
How to start earning free Avalanche and Avaware crypto with no money?
Start earning free Avalanche and Avaware simply by having an altcoin exchange account registered here on FreeBitcoins.com. After registering your account, you will be able to use our free cryptocurrency faucet once every hour. The cryptocurrency faucet is basically just a way for us to “leak” a small amount of cryptocurrency into our exchanges ecosystem. Our faucet is located at: https://freebitcoins.com/faucet
Users are able to choose from over 20 different altcoins every hour and have those free coins deposit directly into their exchange account.
We recommend that users consider starting to learn smart contract-based blockchain coins using Avalanche. Avalanche is very similar to Ethereum, but the fees are much cheaper at the moment. For example, we spent $1,500 on Ethereum created FreeBitcoins Token, and if we had used Avalanche, it would have been about $15! ETH is great for some people, but AVAX is perfect for others who don’t have a spare $1,500 laying around!
What are the steps to get a start using FreeBitcoins.com to earn free Avalanche and Avaware?
We answer support tickets within minutes often, and at the very worst, you may have to wait 24 hours for a response. FreeBitcoins.com prides our ability to maintain and respond to support tickets swiftly, but the chance are those four steps will work for you!
I have coins! I have my first free cryptocurrency. Now what?
The world is your oyster at this point!!! No, just kidding, but all most. At this point, you only have a micro amount of cryptocurrency. It likely isn’t even enough to trade yet.
You should keep using the faucet once every hour and build up your balance until you can trade. The goal of this website is for you to eventually withdraw your own coins to your own private keys.
We recommend learning how to withdrawal a cryptocurrency like Clamcoin before trying to learn how to withdrawal Bitcoin. CLAM only costs 0.01 CLAM to make a blockchain transaction. Bitcoin can cost up to 0.0003 BTC! Take the Bitcoin you earn for free, buy CLAM, and withdraw the CLAM on the blockchain for almost free! (Check out Just-Dice.com, it’s a fun dice game that uses Clamcoin only! You can convert the CLAM you win for Bitcoin using our FreeBitcoins Clamcoin exchange.)
A general rule in cryptocurrency is that “He who owns the private keys, owns the coins.” So, I strongly suggest downloading your own wallet, installing Metamask, and buying a physical Trezor device!
Where can I learn more about Avalanche and Avaware?
Avalanche is the main guts of everything in this article, so you should absolutely take the time to learn about Avalanche first. This of Avalanche as like the Ethereum and Avaware is like some token on Etheruem.
The official Avalanche cryptocurrency website can be found on this webpage: https://www.avax.network/
Avalanche claims to have recently raised $250,000,000! We hope that they use some of that money to invest in a real .com domain! 😉
The official website for Avaware is https://avaware.network/, and we hope they earn enough money someday to eventually join the .com world as well!
What is the best route for the user to go that is interested in trading cryptocurrency in 2021? Should you choose a traditional centralized exchange, or select one of these new fancy “Defi” aka “Decentralized” Finance Exchanges. This article will explore the main difference between trading Avalanche on a centralized exchange, like FreeBitcoins.com/xchange, vs. a decentralized exchange, like Pangolin.
Before you even start reading, I want to let you know that you can get free Avalanche, Avaware, Bitcoin, and lots of other cryptocurrencies from the FreeBitcoins faucet located at: https://freebitcoins.com/faucet/
What is the cryptocurrency Avalanche?
Avalanche (AVAX) is basically just another smart contract Ethereum like coin brought to my attention by my partner over the past few weeks [EDIT: My partner doesn’t agree with this sentence, read what he has to say here.]. Recently, our team launched FreeBitcoins Token on the Ethereum network, and we spent over $1,500 worth of Ethereum to do so!!! As you can imagine, burning $1,500 isn’t exactly a good day in the office at our small company! However, Avalanche allows our team to learn intelligent contracts at a much cheaper rate at the moment.
My main bitch with all these “Smart contracts of the week” coins is that it seems to me when any of these blockchains get any hint of success… they will be in the exact same spot Ethereum is in now with their high fees and long waits!!!!!!
But I digress. People like smart contracts, so let’s break down the best and worst ways to buy, sell, trade, and otherwise dink around with a cryptocurrency like Avalanche! I do think they are kind of fun as well. 🙂
Please be sure to check out Tip.Blue to get an idea of what kind of projects can be built on the Avalanche network.
The Two Avalanche (AVAX) Exchanges We Are Comparing Today
Today, we will be comparing the centralized exchange here on FreeBitcoins.com to the Defi exchange located on Pangolin.
The Main Difference Between FreeBitcoins Exchange and Pangolin
The main difference between a centralized Avalanche exchange and a decentralized Avalanche exchange is that users can only provide one side of the books at a time on a centralized exchange. With a decentralized exchange, users are required to give both sides of the book.
Example: A user has 10 Avalanche that they wish to provide to the market for liquidity on the books. The user wishes to add this liquidity to an Avalanche / Bitcoin marketplace.
FreeBitcoins.com Centralized exchange: The users set a “limit order” at the price point they wish to sell the 10 Avalanche. These Avalanche are then added to the exchanges ask.
Pangolin Defi exchange: The user must provide the equivalent of Bitcoin that matches the 10 Avalanche that they wish to sell. After the users provide 10 Avalanche and the equivalent amount of Bitcoin. The user’s liquidity is added to both sides of the books.
Pros and Cons:
Pro- FreeBitcoins.com’s centralized exchange allows you to make an AVAX market only using a single coin. This is good if you want to sell AVAX for Bitcoin and not necessarily buy AVAX in return.
Pro- Pangolin Defi exchange requires that users provide liquidity on both sides of the books. This makes the books nice and “even” for buyers and sellers to have the liquidity to trade quickly. In addition, it’s straightforward to use for users.
Pro or Con- Pangolin requires you to diversify your coin portfolio. I’m not a fan, but a lot of people like to hold this and that. I get it!
Con- FreeBitcoins.com requires users who wish to play both sides of the book to use the exchanges API. The API is legit but isn’t for noobs and can be dangerous. (Our exchanges API can be found here: https://github.com/FreeBitcoins-com/docs.)
Centralized and Defi Exchange Fees
FreeBitcoins.com exchanges fees are 0.2%.
FreeBitcoins offers an affiliate program that shares 50% of these fees for life with affiliates on all of their signups.
**Once you deposit on FreeBitcoins.com, you only pay this fee until you choose to withdrawal your coins. Then you pay a network fee! This keeps the stress of the network and helps things run smoothly.**
Pangolin exchange fees are 0.3%.
There is no affiliate system on Pangolin that we are aware of.
**Every time you add liquidity or make a trade on Pangolin, you create multiple transactions on the Blockchain. These network costs are not a part of the 0.3% exchange fee. This is the reason Ethereum network fees are so crazy right now. The network is crazy stressed.**
Code and Owner Risk Comparison – Centralized VS Defi
There is a common misconception that Defi exchanges are trustless and intelligent contract tokens are trustless as well.
This is absolutely NOT true. Unfortunately, as users, we are still forced to trust individual(s) who wrote and maintained the contracts that both these exchanges and their tokens operate on.
Decentralized does NOT mean trustless.
Flaws in code are something that both Centralized Exchange and Defi exchanges are also at risk for. Still, the big difference is that Centralized Exchanges don’t make their code public as Defi exchanges do.
It’s best to have perfect code, but the best thing to do with code that isn’t perfect is to hide it.
That being said… centralized exchanges have faced loss after loss in the cryptocurrency space since the beginning. Google “Bitcoin exchange hack” or “Bitcoin exchange theft,” and you’ll have weeks of entertaining reading!
There are advantages and disadvantages to everything in life. Choosing what is correct and most accessible for you can be difficult.
Avalanche and its Defi exchanges have a lot of delightful user-friendly tools using the Metamask browser wallet. Still, I think overall… a solid Bitcoin-based centralized exchange is going to be hard for Defi to beat long term.
Centralized exchanges provide easy-to-use platforms, traditional login methods, customer service, and the ability to add liquidity to the books using one coin at a time.