To use this faucet you must register on Faucethub.io and link your bitcoin address that you use on Faucet Hub.
Balance: 3789 satoshi
5-1000 satoshi every 60 minutes.
What Is A BitCoin Faucet?
If youre like me, you might be curious about cryptocurrency and alt coins. However, you may not have money to invest, or it may be difficult to buy coins in your country. Enter the BitCoin Faucets! But what is a BitCoin Faucets you ask?
A BitCoin Faucets is a website that will give you satoshis in exchange for viewing ads or completing simple tasks. A satoshi is the smallest trading unit of a coin, worth 0.00000001 BTC in the case of BitCoin. BitCoin Faucetss exist for most alt coins. From the most popular, BitCoin, to the most fun and useful, Dogecoin, youre sure to find one to fit your needs.
BitCoin Faucetss are about as close as you can get to regularly getting coins for free. In a lot of cases you simply have to solve a captcha and collect your satoshis. Lets look at how it works and how you can get started in the world of cryptocurrency.
Why BitCoin Faucets?
If youre asking Why should I sign up for a BitCoin faucet?, the answer is easy. Who doesnt like free money? Altcoin faucets are a great way to take your first steps into the world of cryptocurrency, without any risk. Visit a website, click a button, get satoshis. Its often that easy.
Part of understanding What is a BitCoin Faucets? is understanding what it isnt. A faucet is not a get rich quick scheme. Each faucet claim pays out fractions of a cent. Collect long enough, and youll have some money to spend, but it wont happen overnight.
BitCoin Faucetss should be looked at as a fun way to play around with cryptocurrency, without having to invest any of your hard earned money. Though, with the rate things are rising, that $0.10 you have now might be worth $1, or even $10, a year from now!
If youre asking Why do BitCoin Faucetss exist? or Isnt this too good to be true?, well, thats also pretty easy. Faucet owners use them to make money.
Whats In It For A Faucet Owner?
In the beginning, BitCoin faucets were a way to promote the cryptocurrency. Just like stores who give our free samples, they wanted to get the product into the hands of the people. If people could get it for free, they might take the time to learn about it and how to use it. Their plan worked!
Today cryptocurrency isnt really as new and exotic anymore. Faucet owners have realized that if they put ads on their sites, they can earn some money. A lot of them also offer affiliate tasks and games. Its basically the same business model as SwagBucks, only on a much smaller scale.
You visit a website, the faucet owner pays you a few cents of crypto coin, and hopefully makes a few dollars in revenue.
Just like a regular website, the effort to set up a BitCoin Faucets is pretty minimal. This means that, just like the regular internet, the faucet world is full of poorly made, and often abandoned sites. If a faucet lasts a year or more, that takes some work.
A lot of the faucet owners out there either ran out of money, or just didnt make as much as they thought. As a result, the faucets either dont pay out, or were just completely abandoned. Before signing up for any sites, do a quick search online and see what others are saying about them.
In order to save you some time, Ive included a list of verified faucets at the bottom of this article. Theyre used daily by thousands of users (myself included), and are verified to actually pay out. Its a pretty safe bet that theyll all be around a year from now.
What Alt Coins Are Available?
In the beginning, there was BitCoin. Since then the altcoin market has exploded. A lot of coins started in an effort to improve upon the BitCoin model. Some started with a focus on privacy and security. Others started as special community variants. Some even started as jokes that accidentally took off.
There are thousands of different altcoins out there, and thousands of different faucet sites. Youre almost guaranteed to find at least a few faucets for your favourite coins.
Though some faucets are dedicated to a specific coin, there are also some that will allow you to claim multiple coins at the same time. Some of the recommended faucets at the bottom of this article allow you to claim up to 10 different cryptocurrencies at once!
The one thing to keep in mind with multi-coin sites is that your allotment of claims is usually spread between coins. If you have 10 claims, you can claim one coin 10 times, or 10 coins once each.
If youre looking to actually make money, it might be a good idea to focus your efforts on only one or two coins. That way you can spend less time on more claims. However, if youre just interested in altcoins in general, the sky is the limit! Youll spend more time doing claims, but youll have a wide variety of coins to play with.
A Few Safety Tips
As with anything else on the internet, as soon as it starts getting a little popular, someone out there finds a way to scam people. BitCoin Faucetss are no different.
A faucet site is easy to set up, and though there are thousands and thousands, a lot of them arent worth visiting. The same risks that exist browsing scam websites also exist for faucets.
A big part of faucet revenue is based on ads. This means that most faucet sites will have more ads than you might be used to. This alone isnt a bad thing, and should be expected.
What you want to watch out for are lots of pop-ups or redirects. This is a sign that the site might be using a shady ad network. Shady networks are more likely to be infected with malware or phishing attacks.
One other problem that is increasing across the internet is cryptojacking software. This is hidden software that runs in your browser and steals all of your computer resources to secretly mine cryptocurrency for the site owner.
Some faucet sites offer a mining pool as an option to earn extra satoshis, but it should always be well publicized and opt-in. If you suddenly notice your computer fans spinning really loudly when visiting a site, thats a good hint to stay away.
For this reason, its a good idea to install an anti-coin mining plugin in your browser. It wont have any impact on your browsing, including your use of faucet sites, and will be one less thing you have to worry about online.
How Do I Collect Coins?
How you actually earn coins will vary site by site. The primary method for the faucets I recommend below, is simply solving a captcha. This makes it nice and quick. I can claim from the 12 faucets I check regularly in about 4 minutes.
Of course there are a lot of other opportunities as well. One thing a lot of faucet sites have started to add is some type of chance game. You wager some of your satoshis and based on the number you roll, you either win or lose some. If youre the gambling type, this can be a quick way to build (or lose) your wallet.
Some of the bigger faucets have caught on to the success of GPT sites like SwagBucks. They have started to offer similar (or sometimes the same) offer walls. Watch some videos or load some ads, get some satoshis. Some sites even have games you can play for cryptocurrency.
With a variety of coins to collect, and a variety of ways to collect them, the next question is where do they go?
What Is A Micro Wallet?
A microwallet collects the drips from a cryptocurrency faucet
A micro wallet is a holding space for your cryptocurrency. In my article on FaucetHub, I described it as a draft email. A micro wallet collects all of the drips from the faucet. All of those small satoshi transactions accumulate until you have enough to withdraw your coins to your own wallet.
Imagine a friend owed you $10. If they offered to pay you $0.01 every day until the debt was paid off, you would think that was ridiculous. Youd end up with a pocket full of near useless pennies. Even worse, you might become that old lady at the grocery store counting out change for half an hour. No one wants that.
A better idea would be for your friend to put a penny each day into a jar on top of their dresser. When $10 was reach, they could take the pennies to the bank, and get a crisp new $10 bill for you.
A micro wallet is like that jar. A micro wallet collects small transactions and then sends a payment to your own wallet once your withdrawal minimum has been met. That way you get one normal transaction, instead of hundreds of tiny ones.
Below I discuss two of the most popular micro wallets. Each of them has a set of faucets that it supports. Its important to link the right micro wallet with the right faucet. If you dont, then your faucet earnings will never find you.
All About Auto-Faucets
One interesting type of faucet out there is the auto-faucet. It runs, well, automatically. By completing a captcha or some other simple task, you will be rewarded with a set of claims. The faucet will then run in the background, adding to your micro wallet, until those claims have run out.
Some of them dont even require a captcha. You simply visit the site, enter your micro wallet address, and then leave the page open (while ads play) to claim new satoshis every few minutes.
This is a great idea, and it really does seem like money for free. However, I have found that they can be awfully unreliable. A lot of them will give an error, or have a full page ad redirect (which will stop the faucet) every hour or two. This means that they need some amount of babysitting. Still, if youre on your computer anyway, thats an hour or two of claiming before you need to hit reset.
The downside of auto-faucets is that they pay out quite low. The adage you only get out what you put in definitely applies here. Youll earn something for nothing, but it wont be a lot of that something.
Is It Worth It?
Ultimately, only you can answer this question. As I said above, BitCoin Faucetss should be looked at as a fun way to play around with cryptocurrency. This isnt a get rich quick scheme. It also wont help you pay your rent.
However, it is a fun introduction to cryptocurrency and altcoins. Personally, I think its worth it. It allows you to gain some coins, and learn about wallets and exchanges without any risk or investment.
I spend about 4 minutes each day checking my faucets. Thats it. Its faster than checking my email. At this rate it takes at least a month or two to cash out, but that doesnt bother me.
Of course, most faucets let you claim once every half hour, or once every hour. If you are available to do that all day long, you could be cashing out at the end of a week or two. You could certainly try to turn faucets into a small source of income (think, $2 or $3 an hour).
If you work from home, or are on an unmonitored computer all day anyway, why not have a faucet tab or two open? The amount you get out of it depends on the amount of effort you put in.
What Do I Need To Get Started?
Finally! At long last shes getting to the point! So Ive convinced you to give faucets a try, and now you want to learn how you actually do it? Fortunately its pretty easy.
Airdrops are kind of like GPT tasks. You sign up to a certain website, repost it on Facebook, Twitter or elsewhere, sometimes do other simple tasks, and then that company rewards you with cryptocurrency.
Basically a new company is paying you altcoins to sign up and promote their site. Its a pretty easy, if somewhat tedious, way to earn a few extra coins.
Since I dont use Facebook, a lot of airdrops are out for me. However, if you have a throwaway email and dont mind spamming your social media from time to time, they might be something to try out.
You can find a lot of airdrops on Google, but two of the nicer sites to use are AirDropsMob and AirDrops.io.
Cloud mining is well, mining in the cloud. There is a data centre somewhere with a room full of miners, and youre renting time on them. If you want to get into mining, but dont want to spend thousands on hardware and electricity, this might be the way to go.
Keep in mind, this is less of a beer money task, and more of a full investment. Youre paying for rental contracts, which can range from $50 to thousands of dollars each year. Obviously, the higher the cost, the higher the reward.
My feeling is that, unless youre looking for a major investment, youre probably better off just spending that $50 buying some altcoins outright. You might not get quite as much value that way, but its simple, instant, and theres no long term commitment.
Turn Programming Skills Into Altcoins
Are you good at programming or marketing? Do you like MTurk? Then give Bounty0x a try. Bounties are posted for programming and marketing tasks, and you get paid in cryptocurrency. This is a new site, but from what Ive seen so far it looks pretty good.
Finally there are a lot of mobile apps out there that claim to pay in altcoins. Like anything else out there, be wary of scams. If it sounds too good to be true, it probably is.
Mobile apps can potentially harvest a huge amount of data form your devices, including accounts and passwords. Make sure to do your due diligence and find information about the company and app before you download anything.
What Are You Waiting For?
Get out there and get yourself some cryptocurrency! While this wont turn into rent money this month, it is still a fun way to get involved in the world of altcoins. Need a break from answering surveys or doing click tasks? Why not check your BitCoin Faucetss!