What Are Bitcoin Faucets And How They Work

Bitcoin faucets are websites that offer rewards to website visitors. It pays its visitors bitcoins or satoshi (micro bitcoin or smaller amounts of bitcoin). These rewards are given at various predetermined intervals of time ranging from 5 minutes to 800 minutes. If a website says you can claim bitcoin every 5 minutes then you can visit that site every 5 minutes interval to claim your free bitcoin. A bitcoin faucet usually offer smaller amount of bitcoins for shorter interval and higher amount of bitcoin for longer intervals. There are also faucets for other cryptocurrencies like litecoin, dogecoin, dash, etc.

How Does It Work?

Bitcoin faucets usually give fractions of a bitcoiin called a satoshi, the amount will typically fluctuate according to the value of bitcoin. Typical payout per transaction is less than 1000 satoshi although some faucets also have random larger rewards.

All you have to do to claim your reward is to enter your bitcoin wallet address, complete a captcha or task to prove that you are human and not a bot and claim your reward. It would also be helpful to the faucet owner to click some of their ads for them to earn revenue to be able to continue giving its visitors free bitcoin.

The reward may be small but by constantly visiting the faucet at given interval and by visiting other bitcoin faucets as well you will be able to claim more free bitcoins. To be able to visit more faucets in a day it is wise to use a bitcoin faucet rotator. You can try our bitcoin faucet rotator here: Best Bitcoin Faucets

To be able to monitor all your earnings from faucets, I recommend using Faucetbox. Here is a quick tutorial on how to use it.


What Are The Purposes of these Bitcoin Faucets?

1. To give something back: Faucets are a great way to help introduce new people to bitcoin, or to other cryptocurrency. A majority of faucets provide information to new users as well as offering them some free coins so that they can ‘try before they buy’, experimenting with a test transaction or two before putting real money on the line. Since this whole experience is so new and a bit complicated to people, who perhaps don’t quite trust it with their hard money, this is a beneficial way to promote digital currency and bring in new users.

2. To get traffic: Faucets are high traffic websites. It is not all that difficult to get a huge number of page views per day to a site which is giving away free money. If a website has other content or services to promote to Bitcoin users, especially new users, a faucet is a great way to bring them to make them familiar with a brand name.

3. To make money: Faucet owners make money through the ads that they place on their website. These are usually pay-per-click ads like Google Adsense or offering ad space for advertisers. To be able for a faucet to continue giving rewards they must earn from the advertisement that are placed on their site. It would be helpful if we also click a few ads on their site as a way to thanking them for the reward that we received.

Referral System

Bitcoin faucets usually offer referral bonuses to reward its users who will introduce their faucet to other users as well. This will enable the site to gain more traffic and increase its earnings.

Want to start earning free bitcoins? Click here to visit the best bitcoin faucets now!

Check also How To Earn More Bitcoin with a Bitcoin Faucet Rotator

Please post in the comment section  below if you know of any paying bitcoin faucet...


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