Bitcoins faucets are known as websites or online applications that act as a reward system for people or users who complete tasks set by a specific app or website. So, in exchange for completing captcha or tasks, people using it are awarded Satoshi, which, for those who have no knowledge or information, is hundred-millionth of a Bitcoin (BTC).
The amount earned in a form of Satoshi is deposited directly into the wallet of an individual or in his micro wallet. It’s very important to take notice that faucets are not getting rich quick scheme, as the number of rewards are really small and fluctuate depending on the real value of Bitcoin at any given time. Because of this reason, many people or users who participate in Bitcoin faucets allow their total earnings to increase over time till the time they are ready to have a larger payment sent to their wallet. This way the existing mining fees are also minimized.
Concept of Bitcoin is relatively new for many people, so lots of people around the globe are still learning what it is, how to invest in it. This is where Bitcoins faucets came into existence. Bitcoins faucets were created to introduce people to the complex concept of Bitcoin without the varied risks attached to investing. There are various faucets which offer information about Bitcoin to the new investors or users. To learn more about the Bitcoin and how it works, faucets are a great way for individuals to get the opportunity to earn coins without risking any monetary assets of individuals.
These days, faucets have gained popularity among Bitcoin users and there are many different faucets for users to indulge in. Some of the faucets will reward the users for performing a one-off activity, like providing the user’s email address. However, most of the faucets will reward the users for their continued efforts such as playing a game or taking surveys.
Some websites, in addition to educating new users about Bitcoin, they choose to utilize Bitcoin faucets for a few different reasons, which include boosting website traffic and to make money. Normally, faucets enable high website traffic. If a website has different services to advertise to Bitcoin users, a high-traffic faucet is the best way to get the word out and get more users familiar with a brand or company.
Normally, people or users get involved with faucets because they have a desire to learn more information about the Bitcoin industry and are thrilled at the prospect of earning free coins. The process is stress-free, risk-free to get started in the crypto industry without spending a penny of your own on investments. Also, the process is secure and safe, as users can keep their Bitcoins keys anonymous. If you earn Bitcoins worth of $100 dollars through faucets, it could very well be worth a thousand dollars or further down the line. Earning some extra cash through a Bitcoin faucet could turn out to be a very intelligent and wise investment option.
Popular Bitcoin Faucets
Bitcoin aliens BonusBitcoin Cointiply FreeBitcoin.io satoshilabs etc are some free Bitcoin Faucets that you can use to earn bitcoin by doing some web activities.