Lets talk about Crypto Faucets

in Project HOPE4 years ago


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I feel like it is important to talk about Crypto Faucets as at one point or another we all have dabbled into them and gotten some Free Crypto. I know I dreamed about getting rich from all the Free Crypto I was getting at that time. But little did I know that it was not enough to make me rich but definitely a lot for me to dabble into the world of Crypto.

So what actually is a CRYPTO FAUCET?

Crypto Faucet is an App or some website that offers free Crypto to anyone doing some meager tasks like solving captchas. The amount of Crypto that is given out from the Faucet is usually very small in USD value and I have to say it is a pretty good way to get your feet wet in the Crypto Ecosystem. There are several Crypto Faucets around us that give out Bitcoin, Etherum, Litecoin, and many more.

I still remember I used to gather Crypto from the Freebitcoin Faucet which used to offer quite a lot of BTC when the Bitcoin price was low. They also have the DOGECOIN version of the same faucet and they also have Games incorporated in them. In fact, the Faucet is still up and running and offers a variety of offers and choices.

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Now if you are a beginner in Crypto you should know that you won't be getting RICH by just accumulating Crypto from the several Faucets out on the Internet but what you could do is to gather some amount from the Free Faucets and then Implement those Crypto into systems that can generate you further Income. For example, you can accumulate say 10 USD worth of Bitcoin from several Faucet and then you invest that 10 USD into some Defi Staking option that offers you High APR and get some quick returns. Since you have earned the Crypto for FREE you can take some more Risks as you got that for FREE so the only way is up from there.

Or you can even invest in simpler and more stable ROI schemes like Stablecoin Staking that gives low APR but it is comparatively a safe bet as you won't be losing your money as it is PEGGED to a Dollar. The choice is yours but the opportunities are definitely Limitless.

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Of a truth, the opportunities in the crypto space are almost limitless. Just like you mentioned, one can earn from a few faucets and then reinvest it into something that can give them a decent ROI.

Nice piece buddy. Thanks for sharing

Hi friend @arunava, I think many of us have some experience with crypto faucets, I think many approach this space that way, and certainly soon we realize that it is not a way to make a large sum of money but as you put it you could reinvest what you earned and get more benefit from something we got by spending some time.

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