A Complete Guide to Crypto Faucets to Earn Bitcoin and Cryptocurrencies will show you how to make money from home by using cryptocurrency faucets. This is not a get-rich-quick scheme, but you will be able to accumulate crypto by using these crypto faucets. You simply need to complete a few simple tasks that generally pay between five and one hundred Satoshi per task.
Welcome to the Complete Guide to Crypto Faucets. This guide will cover the basics of what a cryptocurrency faucet is, how it works and how you can get started using them. The topics covered in this book include: What is a crypto faucet? How do they pay out? and more. keep reading!
What are Crypto Faucets?
Cryptocurrencies are no longer a mystery currency. Feeling on the sidelines, given how quickly Bitcoin has risen in price? Well, you’re in luck! Cryptocurrency faucets are a way to earn cryptocurrencies, without having to pay for them.
Discover all of the ways that you can earn crypto through cryptocurrency faucets by reading this guide. It will teach you how to use them effectively, and some places that you may want to avoid altogether. You’ll also learn about the different types of cryptocurrency faucets available, how each one works, and how much they pay out in rewards. Use this as a reference tool for selecting your own faucet based on your specific needs.
Bitcoin Faucets
Are you interested in earning cryptocurrencies like Bitcoin and other alt-coins? This guide is a complete overview of ways to earn cryptocurrencies from home or work.
Cryptocurrencies are gaining popularity as a way to buy products, transfer funds, invest, and get paid for services. Over the past few years, the value of major cryptocurrencies has been on the rise.
Currently, the most popular cryptocurrencies are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Stellar (XLM)
- BinanceCoin (BNB)
- Cardan (ADA)
- Dogecoin (DOGE)
- Ripple (XRP)
- Litecoin (LTC)
- BitcoinCash (BCH)
- Chainlink (LINK)
Many people accumulate cryptocurrencies to benefit from rising prices. Others want to obtain crypto so they can spend it at a later date.
To get cryptocurrency, you can go to a cryptocurrency exchange and buy it. You could “mine” a cryptocurrency, which requires equipment and knowledge of “mining.” Or you could start slowly accumulating crypto on a crypto faucet.
What is a Cryptocurrency Faucet?
Cryptocurrency faucets are a way for anyone to start accumulating crypto through certain online tasks. It is not a get-rich-quick scheme, but you will be able to accumulate crypto by using these crypto faucets.
Interestingly, cryptocurrency faucets were originally designed to spread Bitcoin and as a way to get cryptocurrency into the hands of the public. Today, there are many faucets available.
A crypto faucet pays out small amounts of crypto through an app or website, as payment for completing simple tasks. They are called cryptocurrency faucets because the rewards are small, like water dripping from a leaky faucet. But over time, these small amounts of cryptocurrencies increase.
The small amounts of cryptocurrency that you earn are sent to a digital wallet. Over time, as your cryptocurrency earnings accumulate, you can request to transfer your earnings to another digital wallet. Normally, there is a minimum number of coins you have to earn, before you can request a payout, but each crypto faucet has its own rules.
What Kind of Tasks are Required to Earn Cryptocurrencies?
To take advantage of a cryptocurrency faucet, you will need to register with your details, indicating a digital wallet address. Afterwards, you will be asked to perform simple tasks or participate in some kind of online activity.
Once the task is completed, you will be paid an amount in cryptocurrency. The crypto faucet can set a time limit, known as a “timer”, for tasks to complete and for you to claim the reward.
The cryptocurrency you earn is deposited into a micro wallet, hosted on the cryptocurrency faucet website. Once the micro wallet accumulates a certain amount of cryptocurrency, the amount will be transferred to your digital wallet.
These tasks are not difficult to do or complete and include the following:
- Enter appropriate answers in the CAPTCHA
- See ads
- Watch videos (such as short educational videos on cryptocurrencies)
- Play games online.
- Solve puzzles.
- Make purchases online.
- Sign up for services
- Share your opinion about products and services
Some cryptocurrency faucets also have a referral program, under which, you are paid additional cryptocurrency for each new user you refer to sign up for the faucet.
What are The Rewards for Completing Tasks in Crypto Faucets?
When cryptocurrency faucets started operating, payouts could amount to three or more Bitcoins per completed task, but that was when Bitcoin wasn’t worth much. Today, with Bitcoin and Ethereum worth thousands of dollars per token, the payouts are much smaller.
Bitcoin faucets usually pay in satoshis. The smallest unit of a Bitcoin is a satoshi, named after the creator of the Bitcoin blockchain, Satoshi Nakamoto. Currently, a bitcoin is worth more than 40,000 US dollars.
The satoshi-bitcoin ratio is 100 million satoshis for one bitcoin. Today, one satoshi is worth 0.00040513 US dollars. As you can see, it is not a get-rich-quick scheme, but it is a way to start accumulating Bitcoin.
Some Bitcoin faucets claim that their users earn on average $30 per month and their top users earn up to $100 per month. This amount depends on the country you are in and how many tasks you can complete in a day.
Alternative Cryptocurrency Faucets (Altcoin)
There are also faucets that offer cryptocurrencies other than Bitcoin. In fact, there are faucets for almost all cryptocurrencies. Some of the more common alternative cryptocurrencies used by faucets include:
- Ethereum (ETH)
- Litecoin (LTC)
- BitcoinCash (BCH)
- Monero (XMR)
- ZCash (ZEC)
- Tron (TRX)
Ethereum is the second most popular cryptocurrency after Bitcoin. Like Bitcoin faucets, they pay a small amount of cryptocurrency per task. These Ethereum faucets usually pay about 0.000002 Ethereum per task, which takes around 10 seconds.
What are The Most Popular Cryptocurrency Faucets?
There are hundreds of cryptocurrency faucets to choose from. Some pay in a single type of cryptocurrency, while others offer payments in multiple types of cryptocurrencies.
Coinbase
Coinbase allows users to earn crypto while learning. They offer courses that will teach you about various cryptocurrencies and they will pay you to take the course. Currently, they offer the following:
- Clover Finance (CLV) which pays 3$CLV
- The Graph GRT will give you 4$GRT
- AMP (AMP) will give you 3$AMP
- Stellar Lumens (XLM) will give you 10$ XLM
- Compound (COMP) will give you 9$ COMP
Bitcoin Aliens
Bitcoin Aliens is a popular Bitcoin faucet, which has been in the market since 2014 and to date, has disbursed more than 7 million dollars worth of Bitcoin. Their app has a faucet for Bitcoin (BTC) and Litecoin (LTC).
Bitcoin Aliens is one of the highest paying faucets. They pay users around 4000 satoshis for their participation in the tasks. Users can play, as a way to earn Bitcoin, there are other actions to maximize profits. Bitcoin Aliens also has apps for Android and Apple devices.
FreeBitcoin
FreeBitcoin is another popular Bitcoin faucet. As well as being one of the highest paying faucets, they also pay interest through their Bitcoin savings account, which according to the latest report was 30,000 satoshis.
This faucet offers numerous opportunities for users to earn and earn Bitcoin. You can participate in lotteries, rewards points programs, games of chance, and a referral program, which pays 50% lifetime referral commissions.
Playing hi-lo games can be profitable: you can earn up to one Bitcoin (BTC). Gambling games can double or triple your winnings, but like any gambling game, you can also lose all your bitcoins.
Coinpay
Coinpayu.com is a favorite among cryptocurrency faucet enthusiasts. Once you sign up and log in, you can start earning cryptocurrencies. Just by logging in, start earning cryptocurrencies. There are 10 different faucets on Coinpayu.com for the following currencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Tron (TRX)
- Dash (DASH)
- Litecoin (LTC)
- BitcoinCash (BCH)
- BinanceCoin (BNB)
- BitTorrent (BTT)
- Tether (USDT)
- Cointiply
Cointiply has been operating since 2018. Users can earn Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), and Dash (DASH) by doing things, which you might already be doing online. On Cointiply, users can earn crypto by doing the following activities online:
- Play online.
- Watch videos, shop online, or sign up for exciting services.
- Share your opinion and conduct online surveys.
Users could earn between 1 and 5 US dollars for each online survey, in which they participate. You will earn crypto by playing on your mobile device or desktop computer.
Other Cryptocurrency Faucets
Below are some other popular cryptocurrency faucets:
- Ethereum-faucet.org gives Ethereum for playing and you can pay for participating in lotteries.
- Allcoins.pw offers both an automatic faucet and a classic Ethereum faucet, as well as games.
- Fire Faucet includes many ways to earn Ethereum, such as solving CAPTCHAs and mining.
- Dutchy Corp is a free faucet, where you can earn Ethereum by playing and solving CAPTCHA.
- Faucet Crypto rewards you with free Bitcoin Cash tokens, along with other cryptocurrencies, for clicking links, PTC ads, and automatically.
- Konstantinova offers 12 different cryptocurrencies that you can earn, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.
- Monero Faucet allows you to claim 0.000005 to 0.025 Monero tokens (XMR) per reward, which can be claimed every 60 minutes.
- Express Faucet allows you to claim a reward of up to 0.00042754 XMR every four hours. In addition, there are games and a lottery.
- Global Hive Faucet offers free ZCash (ZEC), which you can claim every 20 hours. At this time, the average reward claimed is 0.00003100 ZEC, which can be withdrawn immediately, directly to your wallet.
- Xcolander.com is a popular faucet for Tron (TRX). They also offer LTC, XLM, ZEC, among others.
Conclusions
There is probably no single best place to start in crypto. The good news is you can get started from anywhere and in any order. There are many ways to earn cryptocurrencies online, but this book covers the basics of what it means to mine, buy, trade and store them. You will also learn about earning through activities such as creating videos, writing articles or solving captchas.
