Exchange your Karma for Bitcoin! (Reddit Bitcoin Faucet)
If you're a Redditor who has heard about bitcoin, but maybe weren't quite sure about what it is or how it works, this gives you a couple cents worth to play with. This'll let you have room for making mistakes and learn to secure your bitcoins without risking a large amount.
Step 1: Get a bitcoin address.
To receive bitcoin, you need a bitcoin address (like how you need an email address to receive email). You can get an online wallet (like Gmail.com, Hotmail.com, and Yahoo Mail browser clients for email):
Or you can get a desktop client (like Mozilla Thunderbird or Microsoft Outlook for email):
You can also get a bitcoin wallet browser extension or an app for your phone.
Note: Use a service or client that you trust and is secure. A couple cents are probably safe with most of the above services if your hardware is secure.
Once you choose a wallet, generate a new receiving bitcoin address and note it.
Step 2: “Trade in” your karma for bitcoin.
Send a personal message on reddit to u/bitcointip with the body of your message containing ONLY your new bitcoin address without spaces or punctuation. The amount of bitcoins you get will be 0.002 BTC plus a bonus amount related to your total karma.
Each bitcoin is divisible to 8 decimal places. The amount of karma you have will be how many of the smallest units you get. If you have 543 karma, you will get 0.00200000 BTC (the base amount) plus 0.00000543 BTC (from your karma bonus) = 0.00200543 BTC.
If your total is more than 0.002 BTC, you won't get the base amount because you don't need it. If you have 1,510,146 total karma, you'll get 0.01510146 BTC (~15 cents USD)
Step 3: Wait for u/bitcointip to send your bitcoin.
Bitcoins are transmitted almost instantly, but the bitcointip bot only checks reddit every so often. Why not read the very interesting Bitcoin FAQ while waiting? Watch your wallet for a new transaction.
To avoid abuse of the system, you must have at least 300 comment karma.
If you don't have enough karma, try this bitcoin faucet: https://freebitcoins.appspot.com/
If you don't want your bitcoin, please send it back to the faucet so others can try it out. Send it to: 1Ku6LnMrfZDCd9mexj423fd3LSGJnqLGeS
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