Bitcoin faucet is a kind of reward systems that do giveaway in an exchange for completing a simple captcha task.
Completing captcha tasks is one of the services that are rewarded by paying out Satoshis to users.
SATOSHI is the smallest fraction of Bitcoins (i.e. a hundred millionth BTC).
The easiest and quickest way to earn free BTC online, is by running a free Bitcoin faucet hub.
To earn free BTC with free Bitcoin faucet list is not hard, but it’s not all the BTC faucets that are reliable.
Bitcoin has created many appealing websites that offer various services.
Since Bitcoin is a decentralized cryptocurrency, it’s easier to create a gambling site that uses BTC as pay-out currency instead of traditional currencies.
Why 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.
It’s continuously fluctuating depending on the value of cryptocurrencies at a particular time.
Basically, satoshis cannot be sent to cryptocurrency wallets, as you have to let it accumulate to a substantial amount of Bitcoins.
How Bitcoin faucet sites work
Bitcoin faucets are created to promote Bitcoin cryptocurrency among people all over the world.
It’s a way of introducing people to the world of cryptocurrency.
If you are one of those enthusiasts who like to earn money without an investment, you can make use of generators like faucets.
Try some other processes to making money with Bitcoin easily.
Additionally, educating new user on Bitcoin, some projects choose to utilize faucets for a couple of other purposes.
They simply improve their monetization by increasing traffic to the websites using bitcoin faucet.
Simply put that, faucet generator websites attract high traffic.
Since advertisers usually pay per page impression and conversions, BTC faucet generators usually make revenue by sharing advertiser revenues with its users.
The faucet managers normally divide the income with users for specific tasks.
The major goal is to keep people coming to the website, as well as spending as much possible time navigating pages to gain more ad views.
Bitcoin faucet sites profitability
Earning Bitcoins with faucet depends on the reward size, carefulness of the user and the skills to attract partners for referral programs.
These rewards are quite small and assiduous.
It’s mostly assumed that average earning you can make from faucets, ranges from $100 to $150 per month.
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 reach the stated pay-out amount, they will inform you to continue playing for some couple of days more.
The story continues in this format with unending loop of disappointments.
Examples of Bitcoin faucet scams are:
High paying Bitcoin faucet
There are countless Bitcoin faucets that really pay you, but as with everything else, they aren’t all created equal.
Below are the list of highest paying Bitcoin faucets:
- Cointiply (Top Faucet)
- Bonus Bitcoin (Top Faucet)
- Bitcoinker (Top Faucet)
- Blockchain Poker (Top Faucet)
- Moon Bitcoin Faucet
- Moon Bitcoin Cash Faucet
- FreeBitcoin Faucet
Claiming Bitcoin faucet pay-outs
Most faucets pays out directly to your Bitcoin crypto wallet, or use a third-party micro-payment wallet like; CoinPot or FaucetHub.
Since the faucet industry is mostly known to be shady, just know that a legit faucet can become scam at anytime.
These are the things to look out for:
- Maximum amount per claim
- Time it takes to claim reward
- Minimum withdraw amount
- Withdrawal method
- Referral fee.
Advice: Free Bitcoin faucet
Bitcoin faucet will generate good income for you, if you are able to find the legit ones that can pay you for free.
Just know that it’s not a Get-Rich-Quick scheme, as faucets do pay in smallest fraction of BTC known as Satoshis.
Even though some Bitcoin faucet app and sites may promise high earnings, there’s no way they will give you fast online money.
Faucet is simply the best way to get started with your involvement in cryptocurrency.
In other words, faucets always give away free Bitcoins, just to promote the usage of the first popular cryptocurrency.