Ever since cryptocurrencies have gained popularity in the world, many people have turned millionaires overnight. However, some are still trying to wrap their heads around it. For traditional realists, cryptocurrency is nothing but a bubble that might burst anytime while others believe it can change the very definition of currency and banking in the world.
While people still have their doubts about this technology many have accepted it with open arms, and are trying ways to make the best of the blockchain revolution. While the patient ones have turned to investing in mining technologies, others are trying to find an easy way out to earn that profit by investing and collecting as many bitcoins and cryptocurrencies that come their way through economical trades, cryptocurrency games, and other incentivized software.
The cryptocurrency trade might seem expensive at first- and to be honest, it is a tough gamble many times- but, is there a way for someone with minimal resources and funding to enter this market and slowly start acquiring? As a matter of fact, there is! A Bitcoin faucet is a website that gives users an amount of bitcoin for completing easy tasks. In this article, we will dive into what is a bitcoin faucet and its legitimacy.
What is a Bitcoin Faucet?
A bitcoin faucet is a website that rewards its user for completing simple but specific activities on their website. These activities can range from signing up for newsletters, playing a random game on that website, watching some ads, and other miscellaneous activities.
These incentive programs have been going on for a long time. Initially, these websites offered cash prices and discount coupons. But ever since the blockchain revolution, bitcoin faucets have become all the more popular.
When the incentives were cash related people had to give sensitive personal information like bank account details or Paypal addresses, most of the time these ended up getting violated and stolen from. But with bitcoin faucets, there is no exchange of information. These websites pay you for task completion while giving you all the anonymity and security.
There are plenty of different bitcoin faucets on the market. Some of them get you bitcoins on performing one-off activities like signing in or registering your email address, while others will reward you for taking surveys and answering a few questions, watching some specific ads, playing certain games on their website.
Do Bitcoin Faucets Really Earn You Decent Cash?
Let’s be real for a second here. Bitcoin is really complicated and even years of mining can only fetch you a limited amount. So, if you expect crypto faucets to get you a large amount of cash or bitcoin for only typing in your email address and playing some games online then you are wrong, they aren’t going to make you rich.
The payouts from these cryptocurrency faucets are generally very small and they are often tied to the market rates at that moment. So, you can expect the least possible gain may be the smallest form of a satoshi. A satoshi is the smallest denomination that is used for a bitcoin, it equals 0.00000001 BTC. In order to get more revenue, you would have to continue to do more small tasks and activities.
Many times, the type of activity also matters. If you are simply providing your email address, you might not really get much out of it- may be a small amount of satoshis. On the other hand, if you are filling out a long in-depth survey then you are probably going to get more than a few satoshis.
Either way you will most certainly not become a millionaire from what you earn through these mediums. It might get you started and introduce you to other concepts and methods to earn, but it is really not advisable that you quit your day job hoping that these tasks would pay your rent. That being said, if you accumulate enough over time, you can gain a substantial amount of extra cash without really doing a lot of work. Consistency and patience are key in this process.
Top Cryptocurrency Faucets
Here are a few cryptocurrency faucets that are legitimate and widely used across the world:
1. Faucet Hub
Faucet Hub might be one of the best places to get some rewards. This site brings thousands of faucet services and sites under one roof. This site saves a lot of time for its users. You don’t have to scout the internet for the best options. Faucet Hub also details the exact amount of rewards and incentives you can earn, how frequently you can earn them, and if some crypto can be still earned from the faucet. Here, there are links to many different cryptocurrencies like Ethereum, Monero, Litecoin, Dogecoin, Bitcoin Cash, ZCash, and other tokens.
Bonus Bitcoin might be the easiest one to earn bitcoin. It does not really make you play games or fill out surveys, all you need to do is click the button and collect your coins. But do not expect much from this place, it is just a click after all.
Cointiply is yet another crypto faucet that has a diverse range of games, advertisements and clickers that inform you of the exact amount you can earn from them. Many users claim that Cointiply has a high payout rate and there are numerous ways to increase your earnings and many different ways to lose them as well. So be careful about this gambit.
4. Moon Bitcoin
Moon Bitcoin is one of the oldest bitcoin faucets in the game. Here the users have the power to set their payout time. If you choose a shorter payout time, you may get smaller returns. So, finding the right balance and timing is key.
To Sum It Up
While there may be many ways to earn cryptocurrencies online, Bitcoin or crypto faucets are by far the easiest. Though they may not establish you well in the start, if you keep collecting and manage to earn even $100 dollars a year, that return could increase exponentially over time.