I think we are living the end of the BTC faucets. For the time being, I am converting BTC to an altcoin (mostly LTC) to make withdrawals from Coinpot to exchange accounts. That at least still goes at a reasonable speed.
Hope not the end of btc faucets.
For the altcoin conversion for withdrawal, ok, it's quite a common technique adopted by most, but in the end you would like to convert them to BTC and for that you'll need an exchange.
Exchanges can't be trusted 100% and they have nowadays pretty high withdawal fees, ranging from 100k sats to as high as 500k satoshis. With price in USD of BTC raising up, they rise instead of adjusting to USD price to the low. Furthermore you may end up loosing a lot in during the altcoin conversion depending on the market price at that moment. Also, we're reading they also experience issues on withdrawal with tickets of users that stagnate for weeks or even months before they are answered or processed by the exchange's admins.
In the end, withdrawing directly BTC from coinpot, seems the less problematic way... prove me wrong.
You are not wrong... . It is just that for me it is more economic, because I send to exchanges where they are merged in my other holdings. Moreover, over the last weeks with LTC going up parabolic, I sold LTC for € and it gave me triple return. Basically for me the revenue from Coinpot just covers my transaction fees... . Which is fine.
