02 April 2020, 18:04
2 min reading
If you have decided to venture into the cryptocurrency industry, then we are confident you have heard about the world’s most famous digital currency — Bitcoin. Since this cryptocurrency dominates the entire market, it’s only natural for new investors to gravitate toward it. Trading digital currencies can be an intimidating process for newbies, and not
If you have decided to venture into the cryptocurrency industry, then we are confident you have heard about the world’s most famous digital currency — Bitcoin. Since this cryptocurrency dominates the entire market, it’s only natural for new investors to gravitate toward it.
Trading digital currencies can be an intimidating process for newbies, and not all new blockchain investors are willing to invest their hard-earned cash in Bitcoin right away (or any other crypto coin for that matter).
And that’s where the best faucets come into play. These platforms are a simplified and free way for new crypto users to accumulate bitcoins while learning more about investing in the industry. Think of them as the perfect method to taste the waters of the crypto business before making an educated decision to go all in.
Bitcoin Faucets are applications or websites that give rewards to their users. These rewards are usually in the form of Bitcoins and are distributed after one completes specific tasks on the platforms.
Experts in the crypto realm compare crypto faucets to automated mechanisms that pay you after completing mindless tasks on the internet, such as clicking links, signing up on websites, watching videos, and playing games.
With that definition in mind, all you need to get involved with faucets is a bitcoin wallet, which you can get for free. Most faucets we will look at today also use collaborative wallets like FaucetHub and CoinPot, both of which allow you to put all your earnings in one place. However, we recommended using an external wallet for security reasons.
One detail to take into account is that faucet rewards come in the form of Satoshis. A satoshi is the smallest unit recorded on the Bitcoin blockchain, which equals to 0.00000001 BTC.
After visiting one of the sites in the list below, you will instantly realize that bitcoin faucets rely on ad placements to keep their sites running. These types of advertisements allow them to earn through either pay per impression (CPM) or pay per click (PPC).
As a general rule of thumb, a bitcoin faucet will stay in service as long as the amount it earns through ad revenue is higher than the bitcoins it gives out to the platform’s members.
As you can already tell, Bitcoin faucets allow users to earn free bitcoins in small increments, often 1000 to 10000 satoshis at a time. But if you keep doing this over a long period, it will result in decent gains when Bitcoin shoots up in price.
A few years ago, users could earn up to a single bitcoin in 3 to 4 days through bitcoin faucets. Needless to say, that would be a massive profit today.
So yes, Bitcoin faucets are worth it and can be profitable in the long run, especially if you’re just getting started with bitcoin investments.
Now that you understand the basics of what crypto faucets are and why they are worth trying, it’s time to pick the faucet that will allow you to earn free bitcoins and satoshis.
As you would expect, the internet is filled with countless options. But as with everything else, they weren’t all created equal. And after spending days reviewing all of them on your behalf, here are the best of the best.
Cointiply is currently one of the leading bitcoin faucets, thanks to its huge payouts and a wide array of tasks one can take to earn satoshis.
The site has paid its members more than $450,000 since its inception. But what we believe sets it apart from most of its counterparts is its highly intuitive dashboard and friendly UX.
Cointiply also offers a wide array of tasks, including installing apps, browser games, watching videos, visiting other web pages, and more.
With every faucet spin, each member stands a chance to win up to 100,000 satoshis. Once you accumulate at least 35,000 satoshis, you can withdraw your earnings to your cryptocurrency wallet.
Bitcoin Aliens has one of the highest paying averages in the industry, averaging a payout of approximately 9,000 satoshis every five minutes. Currently, the site has more than 2.5 million registered users, and it claims to have paid more than 1090 Bitcoins since its launch in 2014.
Another great advantage of Bitcoin Aliens is that you can get this faucet app on your smartphone and play on the go any of the games available to earn bitcoins and other digital coins.
BonusBitcoin is a combination of different crypto faucets. Registration on the platform is totally free. After signing up for an account, you can pick any of the faucet options. BonusBitcoin allows its users to claim up to 5,000 satoshis every 15 minutes. And it charges zero fees on withdrawals.
Moon Bitcoin has been in the crypto industry since 2015, and its unique selling proposition is that it allows you to decide how often you would like to claim. Most of the crypto faucets only allow their users to claim satoshis per hour, and others once a day.
Yet, there is a small catch. If you want to receive your rewards, you must first create a bitcoin wallet with CoinPot. You’ll move your Moon Bitcoin rewards to this wallet when you’re ready to cash out. Hopefully, you can later transfer those satoshis to another crypto wallet.
FreeBitco is a fairly new player in the industry, having launched in 2018. Interestingly, this bitcoin faucet has already collected more than 100,000 registered users and has also paid out an astonishing 199 bitcoins to members since its inception. What’s more? FreeBitco allows you to earn up to $300 in bitcoins every hour.
Blockchain Poker is a no-limit, single-table Texas Holdem cash game that allows you to play for real bitcoins. You won’t need to sign up, which means you can play and remain anonymous at the same time.
Better yet, new players automatically get awarded free satoshis they can play with. However, the minimum withdrawal amount is relatively high, currently standing at 100,000 satoshis.
If you’re a brainiac and are looking to place your random trivia knowledge to good use, then consider checking out Satoshi Quiz. This platform allows you to participate in a timed «who wants to be a millionaire» type of game. For every question you get right, the platform rewards you with satoshis.
The questions pay an average of 100 satoshis, and the timer for each is 60 seconds. The minimum withdrawal is 11,000 satoshis, and bitcoin payments are processed once each week (typically on Sundays).
After creating an account on Free Faucet, you’ll be allowed to complete tasks on other websites to earn free altcoins and Bitcoin. Tasks include signing up for sites, joining email lists, logging in, and more.
Eobot is primarily a cryptocurrency cloud mining service, but it also offers an amazing Bitcoin faucet that registered users can only use once a day.
Do not let that discourage you, though. This faucet offers a very generous payout. Plus, this service doesn’t only work with bitcoin, which means you can get paid in other cryptocurrencies.
After signing in and providing the address of your wallet, TimeForBitcoin will allow you to press «Claim your Satoshis» and pass the traditional double captcha every five minutes to get your free satoshis. The minimal withdrawal limit on this platform is 20,000 satoshis.
Bitcoinker allows you to make money by solving captchas and playing ads. Just like TimeForBitcoin, all you’ll need to provide to access Bitcoinker is your bitcoin wallet address.
The platform indicates its users can receive up to 100,000 Satoshis every five minutes. It also claims that it has paid its members a total of 1,640,181,911 satoshis to date.
If you’re a gaming lover, then I urge you to try out this Bitcoin faucet. BitFun allows its members to claim free Satoshis every three minutes by playing games and viewing ads shown between games. The platform is also owned by CoinPot and Moon Bitcoin, both of which are reliable firms. The minimum withdrawal limit is 10,000 satoshis.
To register on GetYourBitcoin, simply enter your Bitcoin wallet’s address on this faucet and start earning satoshis every five minutes. Every 15 minutes, you can get up to 50 satoshis. This means you can earn up to 400 satoshis in an hour, which is quite impressive.
Just like GetYourBitocoin, all you need to do to start earning on PentaFaucet is type in the address of your wallet, pass the traditional captcha, and collect anything between 25 and 100 free satoshis. After that, the satoshi generator will allow you to make another claim in 5 minutes.
Daily Free Bits allows you to claim your rewards every 1 hour and earn 5 – 1200 satoshis per claim. And as soon as you reach the payout threshold of 100 satoshis, Daily Free Bits will make an instant payment to your Bitcoin address via Faucethub.io. Better yet, per referral, you’ll earn 10 percent of your referral’s earnings forever.
This faucet that allows its members to claim 5 to 15 free satoshis every 5 minutes. After signing up and reaching the payout threshold of 5,000 satoshis, you can either cash out your earnings to FaucetHub or directly to the address of your wallet.
We get it. Earning Bitcoin with a faucet might not be the faster way to do it. Still, it’s an entry point to generate a small profit in a highly volatile market without risking much.
While it may take a while to move the funds from the faucet to your wallet, that day will eventually come. And when it does, we highly recommend that you move then funds to a secure and flexible multi-currency wallet.
Crypterium is an all-in-one wallet that enables you to not only receive and store BTC and other digital currencies but also send, exchange, buy, cash out, and even spend with a global crypto card. The best part? It’s lifetime free, and all your funds are 100% insured by JP Morgan-backed BitGo.