People quite familiar with the crypto industry would know that the growth and evolution of the Bitcoin network has led to the emergence of new terms; and of one such term is Bitcoin faucet. The fact that the term has piqued your interest, shows that you already have a basic understanding and knowledge about Bitcoin itself.
The best way to describe a Bitcoin faucet is by calling it a system of reward. It is essentially an avenue for one to earn Bitcoin, though it is a little bit more complex than that.
Think of a Bitcoin faucet as a leaking tap or faucet. While the leaking faucet might leak water, a BTC faucet leaks crumbs of the leading crypto asset. In essence, it leaks very small or even smaller quantities of BTC.
The rewards are inconsequential at first, but if the process continues, it can accumulate to be something substantial.
A Bitcoin faucet website or platform pays visitors and guests for accomplishing certain tasks. It pays in Satoshi (i.e., smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin). The money earned is free, but you’re spending time earning it. Thus, a Bitcoin faucet platform allows people to earn the crypto asset, although in a very minute amount.
How to earn on Bitcoin faucets?
Users earn on Bitcoin faucets by finishing tasks. The tasks can be in various forms such as pop-ups, ads, surveys, and the likes. They usually have limits on withdrawal amounts, offer referral commissions and more. Thus, the platform gives BTC in exchange for users’ efforts.
Users got 5 Bitcoins as reward for taking part in activities. Then, this amount was practically worth pennies. Just like what the Satoshis are worth to today’s users.
As Bitcoin became popular, more people created faucets. The increasing value of Bitcoin also meant lower rewards for tasks completion. By extension, the quest for the highest paying Bitcoin faucet became common, now there are thousands of this platform.
How do owners make money from BTC faucets
Given the prevalence of Bitcoin faucets today, it is right to wonder what Bitcoin faucet owners stand to gain. After all, no one hands out free money, no matter how small for no reason.
The truth is that owning a Bitcoin faucet is a more of a business than charity. You earn free, but nothing is free even in Freetown.
The original Bitcoin faucet was created for awareness and education. But today, most coins faucets have an external income model. This usually comes in the form of third-party ads selling products and services.
The external income model shares similarities with the affiliate marketing business model. Through it, Bitcoin faucet owners can make profits from running the platform or cover the costs of running it at least.
Generally, while owning a Bitcoin faucet might be simple, it involves a lot of work. Managing ads, optimizing sites, developing the right model for making money, and lots more are things the owner has to figure out.
What are the best Bitcoin faucets?
The quest for the best Bitcoin faucets is a universal one, every user is looking for a way to earn more. Here, we examine some of the best bitcoin faucets. The platforms listed here do not only pay well, they are also stable, secure, and reputable.
This platform is a unique one. It is a combination of multiple faucets under a single brand. It offers an exceptional user experience. And as users can access several faucets at every time, there is little to no reason to wait for a faucet to load. Minimum withdrawal also applies here.
Users on Bonus Bitcoin will get bonuses every day as well as affiliate rewards. It has a very high reward rate, offering up to 5000 Satoshis per claim. There is a daily limit on the claim and the rotation period is 15 minutes.
This is one of the best bitcoin faucets. Users earn Satoshis usually through the games and other fun activities through their mobile device as the faucet app is readily available to them. Users can do their daily rotation from anywhere. All they need is a mobile phone with internet connection, and a Bitcoin wallet.
It gives as up to 4000 Satoshis for each task completion. This is quite a good reward that can accumulate into something significant over time. Thus, Bitcoin Aliens is worth considering for daily rotation.
This is one of the highest paying platforms offering as much as 100 000 coins per spin. It has a 25% referral commission for inviting a friend, and users will also get loyalty bonus. Minimum withdrawal also applies here.
In the world of Bitcoin faucets, this is arguably the most well-known name. It is considered the most used platform because of its many unique features that draw users to it.
First, it is a special Bitcoin faucet that rewards highly and also offers interest on the balance of users. At least 30,000 Satoshis are usually paid as interest paid on balance, which is very high by any standards.
Beyond that, FreeBitcoin also provides faucet users with several opportunities to increase Bitcoin balance. Such opportunities include gambling games, lotteries, reward points, etc. on FreeBitcoin; users can find something suitable for them based on their interests.
Another feature is gambling games which are good opportunities for you to increase your balance in multiples. But there is also the risk of losing all your balance. For users who don’t fancy gambling, the platform has hi-lo games and regular lotteries. The hi-lo games provide you with the chance to make as much as 1 BTC.
Is free Bitcoin faucet legit
Free Bitcoin is one of the most reputable bitcoin faucets in the world. It was created in 2013 and had been distributing free bitcoin since that time. It currently has about 36 million faucet users, making it one of the most trusted bitcoin faucets in the world.
Bitcoin faucets are, by nature, free because they do not charge you. Instead, you are asked to do certain tasks and get rewarded.
Are Bitcoin faucets worth it
Given the very low returns of most BTC faucets and the efforts and time that goes into using it, it doesn’t appear to be worth the effort.
Years ago, when this platform was first created, there were platforms that gave up to one BTC or even more. Those who took advantage of it then are the real beneficiaries who are likely to be rich from it now. But not if you are getting started only now.
However, it is not entirely pointless to use the coin’s faucets. In fact, it is a matter of time and referrals to determine if you will make serious money off it. A user can create referral links, share with friends, and get rewards on everyone that uses it.
Also, if a user consistently earns small Satoshis from using the highest paying platforms, it might be worth something in the end. With the astronomical rise in the price of bitcoin in recent years as well as the wide institutional adoption, these Satoshis could be worth a lot more someday.
Bitcoin faucets also offer a risk-free avenue into cryptocurrency. Using faucets practically only takes your time which means bitcoin faucets give you a shot at owning the digital gold without spending money.
Do BTC faucets work?
When using these platforms, all you usually need is to input your bitcoin wallet address, and you are good to go. However, you may find faucets asking for your email address. Such type of faucet should be avoided unless you can discern a good reason why they would need it.
Since there is no need for your email for anyone to send you Bitcoin, submitting them to a faucet may expose you to spam, phishing, viruses, and other malicious activities. Some ads you will find on some of these platforms may also contain malicious files. These are the risks you have to consider.
With the rise in prices of Bitcoin and growing interest, more people are looking for how to make money on crypto and bitcoin seems like the perfect way. This is undoubtedly due to the different stories people see on the internet of how others went from rags to riches in a day due to bitcoin.
More faucets are being created daily, thereby increasing competition. This is not an altogether bad thing for users because faucet owners now need to develop new approaches and create attractive offers to retain users. The problem with this variety is that it leaves the user confused and makes it difficult to find the best platform.
People planning to use the platforms must understand that these stories do not represent realities. While there are now more Bitcoin faucets than ever, none offers the opportunity to get rich with free Bitcoins. The only advantage they offer is the variety which allows you to go for a bitcoin faucet that suits your taste.
Preparations and precautions
You must note that you need to have a BTC wallet before doing anything on the faucets. While most Bitcoin faucets these days now have minimum withdrawal which means you can’t withdraw until you reach a certain limit, you still need a Bitcoin wallet to secure your Bitcoin. The wallet should be very safe.
You should also be careful about the faucet you use when looking for the highest paying Bitcoin faucets. There are so many scam websites disguised as Bitcoin faucets these days with a goal of stealing your digital asset, money, or personal data. Protect yourself from them by using only sites with a strong reputation and stability
So, when searching for faucets, don’t forget that there are a lot of scams just looking to steal your money and Bitcoin. Be cautious and only trust sites that have reputable and stable backgrounds.
Earn free bitcoin is the catch phrase. When the miniscule Satoshi gets added up and converted to currency, you get a sizable amount. So, take your pick from among the lesser coins, which may be moon bitcoin, Cointiply, and some other .
If you are planning to use Bitcoin faucets, we advise you to create a list which will make your rotations more effective. You only need between five to ten faucets to get started, and as you get more accustomed, you can increase it. The most important thing is to play safe, and with practice, you will get better.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.