What are Faucets?

What exactly is a crypto faucet?

Crypto faucets give you free bitcoin (or other altcoins). Although not exactly for free, actually it is an exhausting and really boring way to make a decent amount of money out of it but it’s not impossible. Faucets are associated with ads, so is our this blog... An easy way to compare actually.

Faucets are websites where you can claim in a period of time a given amount of satoshis or other altcoins in exchange for usually watching ads on the site (or fulfill surveys/complete tasks). These sites have some common features, these conclude the following:

1. On the faucet sites usually there are ads (a lot of ads). Advertisers pay those who run the site money to place their ads. This is where your money is coming from as the operators give away a cut from their income. It’s a win-win situation.
2. To claim our coins we have to give our bitcoin/altcoin address and have to solve a captcha. Then we have to claim a few more coins as it is not possible to transfer such low amount of money without almost losing all of it (due to transaction fee which is getting more expensive).
3. Almost every faucet site use a different time period when you can claim your coins. On some sites you can claim your coins after 5-10 minutes, others can make you wait an hour or even a day.
4. The amount of money you can claim on faucet sites range from a few dozen to a hundred satoshis in a few hours of time.
5. Most of the sites reward you for inviting your friends to the site by using a referral link. Then you get bonus coins as your friends make money.

Faucet sites come and go and it is relatively easy to create such a site. Although not many sites market themselves enough, there are a lot of sites who give away almost nothing and there are plenty of those which are cumbersome to use. Therefore the majority of these sites have a lifespan of only a few months but there are exemptions….

We can say that a two or three years old faucet site is relatively rare as everything is changing so fast in the world of cryptocurrencies. Some of the faucet sites dates back to 2013 and they still operate.

With faucet sites we can get fast and easily small amount of crypto coins. Using faucets is not so exciting but if you are adamant you can get a little capital to start your journey in the world of cryptocurrencies. You can play on casino sites/start to trade with cryptos/buy a cloud mining contract/buy a mining machine.

Faucets are actually fun. Keeps you engrossed while you obtain a fair amount of stash which you can use further to grow in this world. This blog is an attempt to ensure best of the faucets to be made available to the beginners.

Happy earnings to all readers...