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SimpleBits Review: Is This Crypto Website a Scam? (2023 In-Depth Analysis)

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  • Post last modified:June 1, 2023

Are you on the lookout for new ways to earn cryptocurrency? SimpleBits is a website that offers a variety of activities, including faucets, PTC, shortlinks, and offerwalls, all of which promise to reward users with crypto. But before you decide to invest your time and effort into SimpleBits, you might be wondering – is this website a legitimate opportunity or a scam? 

In this review, I will take a comprehensive look at SimpleBits to help you decide whether it’s a good fit for you. I’ll examine the platform’s overall legitimacy, explore the various earning methods and explain how you can withdraw your rewards. Let’s get started!

Certain articles on this website may include affiliate links. You can find more info in our disclaimer.

Table of Contents

What exactly is SimpleBits?

SimpleBits is a GPT (“Get-Paid-To”) website that offers users a variety of ways to earn cryptocurrency. The site features a range of activities, including faucets, PTC, shortlinks, and offerwalls, all of which pay out in tokens, the primary currency of the site. You can also compete for shares of a virtual mining pool and rent virtual hardware. 

SimpleBits main page

How can you start earning on SimpleBits?

To begin earning on SimpleBits, you will need to register an account. During the sign up process, you must choose a nickname and provide your email address. At the time of writing this review, it was not possible to sign up using any social media account options. Once you have completed the registration process, you can log in to the website and start earning on SimpleBits.

SimpleBits how to register an account
SimpleBits registering an account

How do you earn on SimpleBits?

SimpleBits offers various ways for you to earn cryptocurrency, all of which will be covered in this section of the review. The platform pays out in the form of tokens, which can later be redeemed for a cryptocurrency of your choice that is supported. 

Competing for shares of a virtual mining pool 

SimpleBits offers the opportunity to compete for shares of a virtual mining pool. By participating in activities on the site, you can earn XP and level up, allowing you to allocate points to boost your stats. These points can be used to increase your virtual “hashpower” contribution to the mining pool, which consists of three options: LTC, BTC, or ETH. 

The pool lasts for 8 hours, during which you will earn a share of the block reward based on your contribution of hashpower. This reward is paid out in SCoins, which can be used to post PTC ads or converted into “bound tokens” and later withdrawn.

SimpleBits virtual mining pool
SimpleBits virtual mining pool

Claiming a faucet every 30 minutes

SimpleBits features a faucet that allows you to earn tokens by visiting the site and clicking the faucet button every 30 minutes. This is a simple way to earn a small amount of tokens on the platform, but the faucet will not really earn you a ton. 

SimpleBits claiming the faucet
SimpleBits claiming the faucet

Renting hardware with a return on investment

SimpleBits offers you the option to rent hardware, which provides a return on investment in the form of bound tokens. These bound tokens cannot be used for further hardware rentals, but can be cashed out. There are multiple hardware options available, ranging from a 30 day duration with a 5% interest rate to a 120 day term with a 35% interest rate.

SimpleBits how to rent hardware
SimpleBits renting hardware

Earning tokens through PTC (paid-to-click) ads and shortlinks

The platform also allows you to earn tokens by viewing and clicking on PTC ads. These ads can be found on the “PTC” tab of the site and can be viewed for a specified amount of time to earn a reward. Same applies for shortlinks – these are shortened links that lead to a specific webpage. You earn tokens and XP by visiting and clicking on the shortlinks, which can be found on the “Shortlinks” tab of the site.

SimpleBits how to earn through shortlinks
SimpleBits shortlinks

Completing offers and surveys through offerwalls

SimpleBits includes offerwalls on its website, which allow you to earn tokens by participating in surveys and completing various offers. However, you must first reach level 30 in order to unlock this feature, so unfortunately it may take some time before you can earn crypto through offerwalls, which is something that is usually available straight away on similar websites.  

Simplebits offers
SimpleBits offers

Invite friends

Lastly, SimpleBits features a referral program, where you can earn a bonus by inviting your friends to join the platform. You will earn 10% from every offerwall reward that your referrals receive, in addition to receiving 20% from all faucet claims. However, do keep in mind that your referrals must be active users on the platform for you to benefit from this referral program.

SimpleBits referral program
SimpleBits referral program

How much money can you earn?

The earning potential of SimpleBits is influenced by a variety of factors, including the activities you engage in and the amount of time and effort you invest in the platform. It’s crucial to remember that the earning potential on SimpleBits is generally modest, and your earnings will likely be relatively small. While the platform can be a viable option for earning small amounts of cryptocurrency, keep in mind that it won’t replace your full-time job and the website shouldn’t be relied upon as a regular source of income. 

How do you cash out?

To withdraw your earnings, you will first need to convert your tokens into bound tokens, which are the only type of tokens that can be withdrawn. This can be done through the exchange section of the website.Once you have converted your tokens into bound tokens, you can request a withdrawal by navigating to the “Withdraw” tab and selecting the cryptocurrency you want to withdraw in. 

There are currently six options available: Bitcoin, Cardano, Litecoin, Dogecoin, Bitcoin Cash, and Dash. Each option has a different minimum withdrawal amount, ranging from 10,000 bound tokens (equivalent to 1 USD) to 50,000 bound tokens (equivalent to 5 USD). Please note that withdrawals are processed and sent only on weekends.

SimpleBits how to withdraw earnings
SimpleBits withdrawing earnings

Frequently Asked Questions (FAQ)

Is SimpleBits available on mobile devices?

There is no separate mobile application for SimpleBits. While the website is fully functional on mobile devices, the layout may not be optimized for smaller screens. This may make it slightly more challenging to navigate or complete activities on a mobile device compared to using a desktop or laptop. However, the mobile version of the website is still functional and can be an alternative way to earn tokens on the go.

Can anyone join SimpleBits?

Yes, anyone can join SimpleBits. The website is open to users from around the world and does not have any restrictions on who can join. 

How do you contact support?

You can reach SimpleBits support by sending an email to It seems there isn’t a separate ticket or chat system on the website itself, but you can find the FAQ section in the bottom left section of the dashboard.
Simplebits how to contact support
SimpleBits FAQ section

Closing Comments

So, is SimpleBits legit or a scam?

SimpleBits is a legitimate website that offers users the opportunity to earn crypto through a variety of activities. There is a decent amount of earning methods available along with multiple crypto withdrawal options. However, it is important to keep in mind that the earning potential on the platform is relatively modest, and you should not expect to earn significant amounts of money through your participation on the platform. For earning small amounts of pocket money, SimpleBits may be a decent option, but if you are looking for a higher-earning opportunity or a more substantial side hustle, you may want to consider other options instead.

SimpleBits logo
Earning Potential:
User Experience:
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SimpleBits is not a bad GPT website to use if you are looking to earn a bit of crypto, but its overall earning potential is not that high.

Looking for more cryptocurrency websites? You can find them here!

Many thanks for reading my SimpleBits review! Should you have any additional questions or concerns please do not hesitate to leave a comment down below.

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