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. 

Comments

Post a Comment

Popular posts from this blog

What is DASH and how to earn free DASH?

Image
  What is Dash? Dash is an open source peer-to-peer cryptocurrency with a strong focus on the payments industry. Dash offers a form of money that is portable, inexpensive, divisible and fast. It can be spent securely both online and in person with only minimal transaction fees. Based on the Bitcoin project, Dash aims to be the most user-friendly and scalable payments system in the world. How does it work? Dash, like Bitcoin , is based on a decentralized ledger of all transactions, known as a blockchain . This blockchain is secured through a consensus mechanism; in the case of both Dash and Bitcoin, the consensus mechanism is Proof of Work (PoW ). Dash works a little differently from Bitcoin, however, because it has a two-tier network. The second tier is powered by masternodes (Full Nodes), which enable financial privacy, instant transactions and the decentralized governance and budget system. Decentralized Governance by Blockchain (DGBB) Governance in a decentralized project is dif...
Read more

Another Proven Crypto Faucet

Image
 I want to show another Crypto Faucet which is legit, means I already withdrew some Cryptos from the faucet.  It is Faucet Crypto .com, you can go by clicking here .  After Registering , you will be lead to main page, where you can see your status which include your coin balance, your balance equal to BTC and your current Level and experience. By doing activity in Crypto Faucet, you can get experience and level up, in turn get additional bonus percentage and open new activity. Beside main faucet which can claim every 40 minutes , there are several ways to earn coins on FaucetCrypto.com . Major Two of them are viewing Shortlinks and PTC Ads. Two of them are quite similar, both of them can be do with starting level. Shortlinks In shortlinks, you have to click giving button which will lead to advertiser websites, but you can simply close them. After two steps clicking buttons, you are finished and earn your reward. Pretty simple, right?  You just need to close the adv...
Read more

Comparing 3 Multi Coins Crypto Faucets

Image
 There are many crypto faucets and many are just scams or not working at all. And many of them really pay but very little amount, and you cannot claim your earning until you reach minimum withdrawal amounts. Many Faucets are aimed for one of specific cryptocurrency to promote that coin, but there are other faucets that you can claim various crypto currency of your choice. These faucets are run on Ads income, so you will meet annoying ads.  Today I want to discuss (3) multi coins faucets, all of which run on Ads. You can get additional income by using their referral system and inviting your friends. 1. Faucet Crypto   The Faucet Crypto is the one I like most in the three of them. It has not many annoying ads and simple intuitive interface. You can claim free coin every 40 mins, and additional tasks include watching PTC Ads and Shortlink.  Faucet Crypto gives you experience points and its own coins whenever you finish the task. You will get level up when you get more e...
Read more