Cryptocurrency faucets: What they are and what they are for

Cryptocurrency faucets are websites that offer small amounts of cryptocurrency to their users for free. They are mainly used to introduce users to the world of cryptocurrencies. By allowing users to obtain a small amount of cryptocurrency at no cost, it encourages adoption of these virtual currencies and generates interest in them. Let's see what cryptocurrency faucets are and how they are used.

What are cryptocurrency faucets

Cryptocurrency faucets are Websites that offer small amounts of cryptocurrency to their users for free. These cryptocurrencies They are given as a reward for completing a task or solving a captcha, among other possibilities. Although the amount of cryptocurrency that can be obtained in faucets is small, are often enough to get familiar with cryptocurrencies and test how virtual wallets work. The name faucets comes from "tap" because these pages give us a small amount of the tokens to be able to test them, either to familiarize ourselves with the use of cryptocurrencies or to carry out activities to collaborate with the development of a project that has its blockchain in the testnet phase.

What are cryptocurrency faucets for?

Cryptocurrency faucets They are mainly used to introduce users to the world of cryptocurrencies. By allowing users to earn a small amount of cryptocurrency at no cost, The adoption of these virtual currencies is encouraged and interest in them is generated. Additionally, faucets can be useful for testing the operation of virtual wallets, as well as learning about cryptocurrency transactions. In the past, there were faucets that gave away up to 5 whole bitcoins, which today cost more than $150.000…

capture 2

Bitcoin faucet that gave away 5 bitcoins to each visitor for filling out a captcha. Source: Cointelegraph.

How cryptocurrency faucets work

Cryptocurrency faucets They work through advertising. In order to offer free cryptocurrencies, faucets are financed through advertising displayed on their web pages. Users must complete a task or solve a captcha to prove they are not bots and, in exchange, they receive a small amount of cryptocurrency. There are times that also require logging in with our Twitter account and making a tweet that the page then verifies before sending the faucet tokens to our wallet. It's as easy as perform the suggested task and enter the address of our wallet. The amount of cryptocurrency that can be obtained in a faucet can range from a few satoshis (the smallest unit of bitcoin) to several tens of dollars in other, lesser-known cryptocurrencies.

capture

Quickode Faucet. Source: QuickNode Faucet.

What are the most popular cryptocurrency faucets

Among the most popular cryptocurrency faucets are:

  • FreeBitco.in: This Bitcoin faucet offers the ability to earn up to $200 in bitcoin every hour, plus other options to earn more cryptocurrency. This faucet requires registration, which allows us to get more bitcoin by playing different games available on the page.
  • FaucetLink: This Ethereum Goerli testnet faucet allows us to claim ETH from the Goerli testnet from different pages available on the page. This page is especially useful for investors who need Ethereum testnet tokens to test other testnets being developed in the ecosystem. This can be of great help to be able to qualify for future airdrops of projects that value collaborative development of users.
  • Moon bitcoin: This bitcoin faucet allows users to claim small amounts of bitcoin every five minutes. In addition, it has a referral system that allows you to obtain more bitcoin by recommending other users.
  • Cointiply: This faucet offers the ability to earn bitcoin and other cryptocurrencies through different tasks, such as watching videos or completing surveys. This faucet requires prior registration and is also available for download on the Android playstore.
  • Bonus Bitcoin: This faucet offers the chance to win up to 5,000 satoshis every 15 minutes, in addition to other bonuses and rewards. Within the page itself we can also find other faucet links to get more bitcoins.

Leave a Comment

Your email address will not be published. Required fields are marked with *

*

*

  1. Responsible for the data: Miguel Ángel Gatón
  2. Purpose of the data: Control SPAM, comment management.
  3. Legitimation: Your consent
  4. Communication of the data: The data will not be communicated to third parties except by legal obligation.
  5. Data storage: Database hosted by Occentus Networks (EU)
  6. Rights: At any time you can limit, recover and delete your information.