What is BitCoin Faucet?

 

What is a Bitcoin faucet?


 Bitcoin Faucets are applications or websites, like Cointiply and FreebitCoin, that give rewards to their users. These rewards are usually in the form of Bitcoins and are distributed after one completes specific tasks on the platforms.

These platforms are a simplified and free way for new crypto users to accumulate bitcoins while learning more about investing in the industry. Experts in the crypto realm compare crypto faucets to automated mechanisms that pay you after completing mindless tasks on the internet, such as clicking links, signing up on websites, watching videos, and playing games.

Faucet rewards come in the form of Satoshis. A satoshi is the smallest unit recorded on the Bitcoin blockchain, which equals to 0.00000001 BTC.



How do Bitcoin Faucets make money?

After visiting one of the sites in the list below, you will instantly realize that bitcoin faucets rely on ad placements to keep their sites running. These types of advertisements allow them to earn through either pay per impression (CPM) or pay per click (PPC).




Are Bitcoin Faucets worth it?

Bitcoin faucets allow users to earn free bitcoins in small increments, often 1000 to 10000 satoshis at a time. But if you keep doing this over a long period, it will result in decent gains when Bitcoin shoots up in price. 
Bitcoin faucets are worth it and can be profitable in the long run, especially if you’re just getting started with bitcoin investments.

Why don't you check for yourself?



Check my blog post - Free Bitcoin for Everyone  to see (3) best faucets I found. 

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