“There’s no such thing as a free lunch” is a famous adage communicating that you can’t get something for nothing. However, many cryptocurrency enthusiasts become skeptical about sites offering Bitcoin faucet games where users can get free crypto tokens for performing simple tasks. If you’re interested in crypto and are wondering what a Bitcoin faucet is, this guide will answer all your questions.
What Is a Bitcoin Faucet?
Bitcoin faucets are websites or apps that offer users small cryptocurrency rewards after completing simple tasks. They use the term “faucet” to signify the size of the crypto payouts, comparable to tiny drops of water dripping from a faucet. For example, a user playing a Bitcoin faucet game can win a single Satoshi, a millionth of a Bitcoin (0.00000001 BTC).
While having a Satoshi sent to your cryptocurrency wallet may appear insignificant, it can grow into a handsome one depending on the value of Bitcoin (BTC). Typical tasks users perform to farm free Satoshis “sats” include:
- Viewing ads
- Clicking on ads
- Watching product videos
- Solving puzzles
- Playing games
- Logging on to a website daily
- Completing CAPTCHAS
How Do Crypto Faucets Work?
Using crypto faucets doesn’t require rocket science. In most cases, playing faucet games can be as simple as entering your cryptocurrency wallet’s public address, punching a few buttons, and then Voila! You’ve placed yourself in a position to receive crypto coins or tokens once you complete the required tasks. However, some legit Bitcoin faucets offer more complex tasks, often translating to more significant amounts of Satoshi.
In most cases, crypto faucets, such as Rollercoin, give out tiny tokens or coins, meaning that users must be patient enough to amass a sizable amount of cryptocurrency from the games. Moreover, faucets typically offer users web-hosted wallets where their coins are stored until they reach a certain threshold they can withdraw. The minimum thresholds set up for users by most crypto faucets before they can withdraw coins to their cryptocurrency wallets are put in place to protect users from losing sizable amounts of funds in transaction fees.
Types of Crypto Faucets
Bitcoin faucet games were developed in 2010 by Gavin Andersen and initially gave players five Bitcoins, but as the number of facets grew, the amounts have since reduced to a few Satoshis. Currently, most cryptocurrencies run crypto faucets. Among the most popular ones include the following:
- Litecoin Faucets: They function just like Bitcoin faucets but distribute Litecoin (LTC) instead of Bitcoin (BTC), and some pay users up to 1,000 Litoshis (the smallest units of LTC).
- Ethereum Faucets: Besides distributing ETH, the Ethereum network’s native token, some Ethereum faucets offer referral bonuses, so users who refer others get some extra drip as passive income.
- Dogecoin Faucets: Instant pay DOGE faucets associated with the Meme cryptocurrency have been popular since 2014. Since Dogecoin (DOGE) is a low-value coin, the faucets offer relatively more significant portions of coins as rewards. Most Dogecoin faucets typically distribute between 0.1 and 1 DOGE at a time.
Are Bitcoin Faucets Safe and Legit, or a Scam?
In a world where everything comes at a cost, it seems unlikely that Bitcoin faucets are giving crypto away freely. Is this, therefore, a scam, or where’s the catch? The truth is that there’s no catch or scam, and apart from taking up some of your time, BTC faucet games are mostly legitimate.
For the uninformed, completely legit Bitcoin, faucets act mainly like a reward system by offering small amounts of crypto to users. Most sites earn revenue from displaying banner advertisements besides offering users additional actions to farm crypto tokens. Moreover, some crypto faucets offer dice games and gambling games you can play and make from while you wait to accumulate the minimum threshold required before you can withdraw your funds.
However, there also exist fraudulent Bitcoin faucet apps and websites that trick users into depositing crypto in exchange for a chance to complete minor tasks and receive a payout. Unfortunately, once users accumulate a certain amount, they cannot withdraw their funds if and when they try. It’s, therefore, necessary to find and read threads about different sites on Reddit or BitcoinTalk to be sure they’re legit Bitcoin faucets. Most importantly, never deposit crypto on any faucet that sounds like a “Get Rich Quick” scheme.
How to Make More Money With Bitcoin Faucets?
You can get real cryptocurrency by using casino Bitcoin faucet sites, which offer free crypto to users on an hourly basis. By using these sites correctly, users can gradually accumulate a significant amount of coins. However, getting those big rewards quickly isn’t a walk in the park. Besides joining the sites, users need to participate in numerous affiliate programs.
Some of these websites offer value addition by providing online education on Bitcoin and other cryptocurrencies, thereby gaining a huge user base from which they also make big profits. Moreover, other sites provide users with additional incentives for sending referrals to their sites, where they get more Bitcoin if a referral signs up and starts completing tasks.
Are Bitcoin Faucets Profitable?
For most people new to the crypto sphere, Bitcoin faucets offer a comfortable and easy way to get Bitcoin online pretty quickly. However, because of the intense volatility of the price of Bitcoin, should the price surge, the small amount of BTC you have amassed from crypto faucets could increase exponentially.
Casino Bitcoin faucets can be more lucrative because of allowing users to throw dice without spending their Bitcoins. However, one must be a signed-up member at the casino before logging in and farming any Satoshis. Moreover, some Bitcoin faucet casinos offer users complimentary tickets occasionally, giving them a big chance to continue winning BTC. The best part is that, unlike the regular crypto faucets with minimum thresholds, casinos’ winnings can be withdrawn instantly to your digital wallet.
It’s possible to make money playing Bitcoin faucet games. Nonetheless, the value of rewards is relatively small if you rely on faucets alone. The game changer is joining casino faucets, where you can participate in regular offers with generous prizes. Remember that you don’t need to pay any money to get rewarded.