What 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. I would add that it would be more profitable and practical to use cloud mining, as for a few dollars you can get a mining contract that would equal the money you get from claiming your hard earned satoshis (1/100.000.000 BTC).
Faucets are websites where you can claim in a period of time a given amount of satoshis or other altcoins in exchange for usually whatching ads on the site (or fulfill surveys/complete tasks). These sites have some common features, these conclude the following:
• On the faucet sites usually there are 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.
• 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).
• 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.
• 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.
• 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. The faucet site Freebitcoin dates back to 2013 and it still operates. I use it regularly and I have never experienced problems with its services. They even integrated a satoshi dice game to their site where we can even multiply (or lose) our hard earned satoshis as well as you can place ads on their site (like your own faucet site).
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.
It’s easy to find faucets. Here I collected the ones that I prefer. (Hint: Yes, these are my referrals if you would like to support my cause to share more info about cryptos you can use these but you can search for these on google too. It’s your decision.)
https://freebitco.in/?r=6768325
(In order to use the below listed links first you have to registrate at https://coinpot.co which serves as a hub)
http://moonbit.co.in/?ref=0d414c4a12f2
http://moondoge.co.in/?ref=6890eb11fd91
http://moonliteco.in/?ref=cf22aafde42f
http://bitfun.co/?ref=9ED4F7DBC1CC
http://bonusbitcoin.co/?ref=6F5C418B85FC
Hi,
if you are looking for ways to earn more cryptocurrency check out bounty hunting. They generally pay more than faucets.
https://steemit.com/earnmoney/@niel96/earn-cryptocurrency-from-home-by-doing-tasks-on-bounty0x
I remember seeing a reddit post the other day that said years back BTC faucets were giving 5 Bitcoins, thats crazy to think about now.
I think for the most part the only people making money with faucets are the people running them.
I wonder if anyone has made a bot or anything to let a computer just sitting solve captcha or watch videos and make you money without you needing to be present.
Instead of faucets, go take a look at my post where I list a few places where you can get free cryptocurrency right away with minimal amount of effort, usually just a matter of signing up: https://steemit.com/cryptocurrency/@pandorasbox/list-of-places-where-you-can-get-free-cryptocurrency-right-away-that-actually-work-with-a-minimal-amount-of-effort
Thanks for the link it is really useful .
While it may not be a scam in your opinion, it could be considered spam. Spam is not appreciated by the community and could be flagged or may result in action from the cheetah bot..
Some things that can be considered spam:
Check this out free Eth every 30 seconds. no investment needed
https://steemit.com/ethereum/@ach3r0n/free-eth-by-eth-faucet-bot-on-telegram
You can earn much more (1-10$ in bitcoin) than faucet sites by completing simple tasks like following twitter accounts or joining telegram groups. I have earned 500$ in bitcoin here: earn.com/fatihmehmetsen/referral/?a=nv4s5mxaikql6mno
I prefer airdrops, much more profitable: https://crypto-airdrops.de