A bitcoin faucet is simply, a kind of reward systems that do giveaway bitcoins for free in an exchange for completing a simple captcha.
Completing a captcha task is one of the services that are rewarded by paying out Satoshis – the smallest fraction of free Bitcoins every second (i.e. a hundred millionth bonus Bitcoin).
The easiest and quickest way to earn free bitcoins instantly is by running a free Bitcoin faucet hub.
Do you know that it’s much possible to earn free crypto money with Bitcoin faucet?
Do you know there’s a way to earn free Bitcoin cryptocurrency online?
To earn free BTC with free bitcoin faucet list is not hard, but it’s not all the bitcoin faucets that are reliable. Bitcoin has created many appealing websites that offer various services.
Since the Bitcoin is a decentralized cryptocurrency, it’s much easier to create a gambling site that uses BTC as pay-out currency instead of traditional fiat currencies.
Bitcoin being a decentralized currency, means that, it doesn’t belong to any country and it’s universal in nature.
This has granted access its usage with anonymity. It even became a perfect payment method for completing micro tasks online.
Why do websites run Bitcoin faucet?
There are multiple reasons why most website run free bitcoin faucet app on their platforms.
Below are the three reasons:
- To get a massive inflow of traffic to their website
- To make money introducing other contents on the website
- Introducing users to a new cryptocurrency project market
Bear it in mind that, even the highest paying Bitcoin Faucet cannot make you rich, as the rewards are typically very small, and continuously fluctuating depending on the value of cryptocurrencies at a particular time.
Basically, you can’t send satoshis to wallets which means, you have to let it accumulate to the amount that can be sent to your bitcoin wallet.
How do Bitcoin Faucet Sites Work
Bitcoin faucets are created to promote bitcoin crypto among people all over the world. It is a way of introducing people to the world of bitcoin cryptocurrency.
If you are one of those cryptocurrency enthusiasts who will like to make money without any investment, you can make use of generators like a bitcoin faucet. Try to always learn the processes to making money with bitcoin faucets.
Even the best Bitcoin faucet can only pay you when you complete a micro task like play games online, rolling a random number generator, loading a full page of ads, and watching videos online etc.
Projects like Freebitco.in and Bitgames.io uses faucets to get you to visit their website.
Additionally, educating new user to bitcoin, some projects choose to utilize faucets for a couple of other purposes as mentioned above.
They simply improve their monetization by increasing traffic to the websites using bitcoin faucet. Simply put that faucet generator websites attract high traffic.
If a business website has other services to advertise to its visitors who are also cryptocurrency enthusiasts, a faucet with high traffic is obviously, a great way to get the word out there, by offering incentives like satoshis to make more people familiarize with the brand.
Depending on the type of content that is promoted, a website can also generate income. This is something that is very hard in competitive market.
Since advertisers usually pay per page impression and conversions, that’s why bitcoin faucet generators usually make their revenue by sharing its advertiser revenues with content generating users.
The faucet managers normally divide the income with users for specific tasks.
The major goal is to keep people coming back to the website as well as spending as much possible time navigating the pages to gain more ad views.
Bitcoin Faucet Sites Profitability
To earn bitcoin with faucet depends on the reward size which is quite small, assiduous and carefulness of the user, and the skills to attract partners for referral programs.
It is mostly assumed according to research that average earning you can make from faucet ranges from $100 to $150 monthly with maximum being $300.
To achieve this result anyways, you will need to train for hours, with considerable day-time planning, having lots of free time and the lack of ideas to apply one.
A typical new user can follow these paths below:
- Forgetting about free bitcoins entirely due to cost/earning ratio disappointments
- Try to automate the whole process with an automated bot to earn up-to 1 free bitcoin faster.
How much can you make?
The reward per action is generally very small, because completing tasks are typically rewarded with some amount satoshis.
Since people can actually earn money using the Bitcoin faucets free, you will not expect companies that run these Bitcoin faucet app to make it very easy to earn up-to 1 free Bitcoin.
As at the time of writing this post, 1 Satoshi equals to One Hundred Millionth Bitcoin (1 Satoshi = 1/100,000,000 Bitcoins).
It can take a long time to make a substantial BTC to make it a worthwhile.
How to earn fast bitcoins?
Bitcoin faucet bot (popularly called Bitcoin faucet rotator) can be used to repeatedly complete user actions in round-the-clock automatic mode.
These robots can work from computers, remote servers and virtual machines. This means that you can come across robots that completes captcha quicker to earn Satoshi.
Auto generator is a simple script that allows users to get small amounts of cryptocurrencies every minute just by leaving open the tab with the script running.
The profit growth using the robot happens due to the parallel collection cryptocurrencies from different websites simultaneously.
Note: Searching for such robot faucet generators can lead to having malwares installed on your computers and gadgets. Try to check any software that claims to be a bot for bitcoin faucet thoroughly.
Are Bitcoin faucets legit?
In 2010, Gavin Andresen created bitcoin faucets, and since then, many bitcoin faucet hack, or scam projects have emanated out of nowhere.
The common scam by most fake projects are; where you get to play the captcha game every 5 minutes-to-1 hour.
They get to only pay you when you gain up-to 20,000 Satoshis, before you’ll be able to cash out the free crypto money as they mostly try to avoid Bitcoin faucet instant pay-out.
Eventually, by the time you finally reach the stated pay-out amount, they will inform you will need to continue playing the game for some couple of days more, and the story continues in this format in a loop of disappointments.
Warning: Bounce of such a website that does this as fast as you can, before you waste more of your time or they may ask for something else from you.
Examples of Bitcoin Faucets scams are:
Highest Paying Bitcoin Faucet list
There are countless paying bitcoin faucet sites you can choose from, but as with everything else, they weren’t all created equal.
The landscape is constantly changing, so am not going to call this list comprehensive or conclusive, but you likely won’t go wrong with these
Below are the list of highest paying Bitcoin faucet list:
- Cointiply (Top Faucet)
- Bonus Bitcoin (Top Faucet)
- Bitcoinker (Top Faucet)
- Blockchain Poker (Top Faucet)
- Moon Bitcoin Faucet
- Moon Bitcoin Cash Faucet
- FreeBitcoin Faucet
Claiming Free Bitcoin Faucet Pay-outs
Most faucets either pay out directly to your Bitcoin cryptocurrency wallet, or use a 3rd party micro-payment wallet like; CoinPot or FaucetHub.
Whilst this may seem to be a hassle at first, it’s a great convenience, since you have all of your claims concentrated in one or two sites. This makes it much easier to withdraw and track your money.
Since the faucet industry is mostly known to be a bit shady, just know that a legit faucet can change to become scam at anytime. So, make sure to check out the terms of each faucet you use.
Below are the things to look out for:
- Claim amount – How many Satoshis do you get per claim?
- Timer – How long do you need to wait between claims?
- Minimum withdraw – What is the minimum amount from which you can withdraw your balance?
- Withdrawal method – Are payments done directly, or through a micro-payment wallet?
- Referral fee – What’s the fee you get for referring new users to the faucet?
Advice: Free bitcoin faucet list
Bitcoin faucet will generate good income for you if you’re able to find the legit ones to earn bitcoin for free, but just know that it’s not a Get-Rich-Quick scheme, as bitcoin faucet best pays in Satoshis typically.
Even though some Bitcoin faucet app and sites may promise high earnings, there’s no way the highest paying bitcoin faucet will become best to give you fast online money.
In other words, faucets always give away free bitcoins just to promote the usage of Bitcoin cryptocurrency.
Faucet is simply the best way to get started with your involvement in cryptocurrency.
Meanwhile, just know that the penny it pays you in Satoshi can turn out to become a bigger money in future, depending on increase in value by then.