How Do BTC Faucets Work?
What is Bitcoin faucet?
A Bitcoin faucet is a website that gives free bitcoin in return for watching or clicking on ads. The number of Bitcoins can vary from 100 Satoshis to 10,000 Satoshis and more. A bitcoin faucet is a good place to obtain your first Bitcoin to know about bitcoin and then how to use Bitcoin without spending any money.
For the proper functioning of these sites, they require a lot of advertisements on the page so the user has to watch advertisements or possibly click them. Website owners use the advertisement income to buy Bitcoins and after that, they give away some bitcoins for watching advertisements on the faucet website.
In the past, Bitcoin was very easy to get and cheap. Then in 2010, to allow more persons know and try to use Bitcoin, Gavin Andreson paid $50 to purchase 10,000 Bitcoin and generated a website known as “Bitcoin Faucet”, which provided 5 Bitcoin to a person who visited the website for free
After that, someone copied Gavin Anderson and developed a website just like the Bitcoin Faucet. On the other hand, as these sites tend to attain several views, Bitcoin faucet websites can make advertising charges by distracting traffic to main Bitcoin websites.
How do BTC faucets work?
Here is how BTC faucets work. The more traffic a BTC website gets, the more will be the advertisers. It will be much better if they spend some minutes at a time. BTC faucets are an approach to monetizing this attention.
BTC faucets also help as a great way to notifying people how does Bitcoin works. As they do not need to purchase them, people are more excited to test with digital currencies made in this way. In the initial days of bitcoin, faucets distributed as much as five free Bitcoins to visitors.
To get more visitors, several Bitcoin faucets contain referral programs from where you can obtain more rewards from bitcoins made by your referrals.
How much can you make from Bitcoin faucets?
The important about making money from Bitcoin faucets is the time you have to use before you become able to obtain a reasonable amount. As described earlier, Bitcoin faucet is a way of making some satoshis for free. People who are not able to get bitcoins mostly use Bitcoin faucets to earn some little satoshis which will then be transferred to their micro wallet.
A micro wallet is a smaller version of the traditional bitcoin wallet that is usually created automatically when a user signs up for an account in bitcoin faucet site. Therefore, when a user earns a small amount of satoshi, it will be deposited into a user’s micro wallet in the bitcoin faucet site, then the user can transfer the satoshi to their personal account.
Although, you can also make money by playing bitcoin games like BTC-predict by coinratecap.
Mostly, customers come to know how the Bitcoin industry works. Bitcoin minors also use free BTC faucets who do not have the legal age for purchasing Bitcoin. Due to the approaches they use, AdSense has stopped the placement of ads on bitcoin faucets.
Bitcoin faucets provide rewards in satoshis to avoid fees. You have to go through the process of paying mining fees before your Bitcoins are paid. This protects you against paying high mining charges.
Using Bitcoin Faucets
There are many bitcoin faucets online. It is very simple to use Bitcoin faucets. You just need to sign up along with an email address as well as a wallet address. A timer counts the time you spend on the website. After that, you will get an opportunity to claim your rewards.
You should use caution while using Bitcoin faucet websites. Most of the websites are full of false ads that trick you to click on them.
Robots can be used to dodge the system. So there are safeguards such as solving mathematical problems or completing captchas.
Making a BTC faucet
Creating a BTC faucet is simple. The difficult portion is how to monetize it. BTC faucets similar to other businesses containing cryptocurrencies are highly susceptible to changing prices. Making a Bitcoin faucet is as simple as the registration of a domain and purchasing some plugins.
Top 5 faucets websites
- Moonbit
It is a faucet delivered via the Moon Bitcoin website. It is running faucet facilities since 2015. Moonbit allows customers to claim BTC for free after each five minutes, by the amount dispensed about 10 satoshi.
- Bitfun
Bitfun distributes Bitcoin to customers in exchange for playing games, playing dice and watching ads. The amount of BTC distributed through Bitfun depends upon the time used by users to invest in viewing advertisements or playing games.
- BonusBitcoin
BonusBitcoin is a high paying faucet website. It provides 24 satoshi to users after every 15 minutes. BonusBitcoin is one of the active Bitcoin faucets. It allows customers to enhance the amount of Bitcoin provided by completing tasks or viewing ads.
- Moondoge
Initially, introduced as a joke cryptocurrency established on the shiba inu “Doge” meme. MoonDoge distributes Dogecoin which has surprisingly improved in price from $0.0002 to a current rate of $0.002.
- Cointiply
It is the highest paying faucet website today. It dispenses 200 sats each hour. It was created in 2018. It allows customers to enhance the amount of satoshi made by watching videos, seeing offers, viewing advertisements, and playing games.