A crypto faucet is an online service that provides small amounts of cryptocurrency free of charge to users via ads, microtasks, or other methods.
Crypto Faucets are used to introduce new people to cryptocurrency and get them familiar with it through the act of actually using it and adding it to their digital wallet(s).
There are 2 major categories of Crypto Faucets: Subscription-Based Faucets and Capped Pay Per Claim Faucets. In this article, we’ll be focusing on capped Pay Per Claim Crypto Faucets.
Introduction
In the cryptocurrency world, a crypto faucet is a website that pays small amounts of cryptocurrency to visitors in exchange for doing a task.
The most common tasks are entering your wallet address or solving a captcha. Other tasks include watching videos and playing games.
Usually, these sites require you to enter your wallet address before starting the task so they can send you some coins when you finish it. Some sites also ask for personal information like age or sex as well as other details like what device and browser you’re using.
Once you complete the task, usually within 30 minutes, you get paid in cryptocurrency. You might not make a lot of money from this but depending on how many tasks you do per day and how much each task is worth it could add up to an extra $1-$10 per day.
If you want to see an example of a crypto faucet check out Coinhirek!
What is a Crypto Faucet?
A crypto faucet is a website that allows you to get a small amount of cryptocurrency in exchange for completing a captcha or task as described by the faucet.
These tasks are usually simple but can include things like filling out surveys, viewing ads watching videos, or playing games. You can use this free money to try out different cryptocurrencies and see which ones you like best!
If you have any questions about what crypto faucets are, how they work, or where to find them – check out our blog posts! What do you think of crypto faucets so far? Are they useful or not so much? Do you know of any other ways people can make money with their devices? Let us know in the comments below!
How do Crypto Faucets Work?
A crypto faucet is a website that pays people small amounts of cryptocurrency in exchange for completing a captcha or performing some other type of task.
The most popular faucets are Bitcoin faucets, but there are also Tron, Litecoin, and Dogecoin faucets as well. Some even offer free samples of new altcoins.
The first step to getting started with Bitcoin is getting your hands on some Bitcoin! One way to do this is by visiting a crypto-faucet.
What is a crypto-faucet?
A Bitcoin (or Ethereum) faucet is a site that offers visitors small payments of Bitcoin (or Ethereum) usually called Satoshi (meaning bits) in exchange for completing tasks like viewing ads, solving captchas, or playing games.
You can visit our list of the top bitcoin faucets to find one suited for you. For example, if you’re looking for something quick and easy then Coinhirek might be right up your sleeve – you can claim every 10 minutes or use the offer wall for unlimited claims.
Types Of Crypto Faucets
A crypto faucet is an online system that rewards you with a small amount of cryptocurrency for completing tasks, such as entering your email address or performing a simple task like solving a captcha.
1. Bitcoin faucets are the most popular type of crypto faucets. They work by paying out tiny fractions of a bitcoin in exchange for visitors to either enter their bitcoin wallet address and solve a captcha, or simply just enter their e-mail address.
As the visitor completes each action and returns to the site, they will then be rewarded with another round of satoshis in their wallet!
2. Ethereum has its own version which pays out Ether instead of Bitcoins. Ethereum faucets use a similar concept, but pay out Ether rather than Bitcoins.
3. Litecoin also has its own versions of faucets that pay out Litecoins in exchange for doing things like solving captchas.
4. Monero also has its very own type of cryptocurrency and thus has its very own types of faucets too!
5. Dogecoin has yet another kind of crypto faucet that pays out dogecoins in exchange for completing certain tasks.
6. DASH has yet another type of cryptocurrency and so does Lisk (LSK).
The Best Crypto Wallet Apps for Faucets
Faucet networks often prefer to pay to a particular wallet as the payment comes in bits that most crypto exchanges cannot accept.
So if you’re looking to start earning with faucet, you should take note of the provided and accepted payment method.
Faucetpay.io
The best and currently most used crypto faucet. Apart from the fact that you can receive bits amount of crypto, you can also use Faucetpay to create your own Faucet.
Earn, receive, send, play, and exchange cryptocurrencies like Bitcoin, Doge, Litecoin, Ethereum, and much more for free, directly from your FaucetPay wallet. FaucetPay is a leading micro-wallet and payment processor, they help faucet users and owners to accept payments without charging any fees.
Coinbase
Coinbase is one of the most popular platforms for buying and selling cryptocurrency in the United States. Users can purchase crypto using a debit card or credit card. As of December 2017, there were more than 13 million people using this platform to trade digital currencies.
Zengo
Zengo is a cryptocurrency wallet app that can help you manage your bitcoin and other cryptocurrencies. With Zengo, you can send or receive payments with friends, exchange crypto for fiat currencies, or buy bitcoin. The Zengo app makes it easy to keep track of all your transactions in one place. To get started with the app, download it from the Google Play store and create an account. You’ll need a valid email address for this process.
When you sign up for Zengo, you’ll be asked to create a password and enter two factor authentication code sent via SMS (or use third-party authenticator). You’ll also need to fill out some personal details: name, date of birth, gender and nationality. Next, choose a username and confirm your phone number. After completing the steps outlined above, you’re ready to start managing your funds!
Zengo will show your balance in both local currency and BTC on the home screen so you know how much money you have at any given time.
Crypto.com wallet
An app that allows you to easily buy, sell and store cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP). You can also fund the account with U.S. dollars or Euros via wire transfer. The minimum deposit is $1,000 USD/€1,000 EUR.
Conclusion
Crypto faucets are a great way to try out new cryptocurrencies, as well as earn some extra coins. You can also use them to learn more about the cryptocurrency world and determine which currencies you want to invest in.
