Don’t be cryptic about cryptocurrency! 86% of Americans have heard about cryptocurrency. However, only 16% have ever invested in, traded, or used crypto.
Some people are afraid that they will lose money by investing in crypto. However, there are ways you can get crypto without spending a penny. Bitcoin faucets are your best tools to do this.
But what are Bitcoin faucets, and how do Bitcoin faucets work? What are the best faucets on the market? How can you make effective use of a faucet?
Answer these questions and you can start making cryptocurrency in less time than you think. Here is your comprehensive guide.
The Basics of Bitcoin Faucets
A Bitcoin faucet is a website where you can complete simple tasks to receive cryptocurrency. Similar to how a faucet drips small amounts of water, you can perform tasks to receive small amounts of Bitcoin and other currencies.
Each faucet has its own services and tasks. In general, you can play games, view ads, and complete quizzes in order to receive payments. Each activity may last only a few minutes, though you may need to complete a survey after you are done.
Faucets are designed for people who are new to cryptocurrency. The goal is to give people free currency so they will learn about Bitcoin and invest their earnings. A faucet can also help a game designer or content creator calibrate and test their content.
You can find faucets and similar websites for other cryptocurrencies. However, Bitcoin’s popularity means that there are more Bitcoin faucets and resources. Some faucets offer Bitcoin in addition to other currencies, including American dollars.
How Faucets Work
Bitcoin is decentralized, so there are no formal regulations or practices for faucets. However, many faucets use similar practices, though you should read a faucet’s terms and conditions before creating your account.
In order to receive your currency, you need to create an account on a faucet. You will need to provide your name and email address, though many websites do not store your details.
Once your account is set up, you can begin doing tasks. After completing a task, your reward will be sent to a micro wallet, which will contain your currency for you.
If you want to withdraw your currency from your wallet, you can do so and send it to your bank account or main crypto wallet. Some companies impose a minimum threshold that you must reach before you can withdraw your currency. You may be able to deposit Bitcoin in your micro wallet so it can develop interest.
The more difficult your task is, the more money you can earn. You can see how much money you will earn and how long your task will take before you click on it.
A Satoshi is the one-millionth unit of a Bitcoin. Many reward systems will give you Satoshis instead of full or half Bitcoins. This means you may need to use the crypto faucet for a long time before you get one Bitcoin.
Finding the Right Faucet
Before you sign up for a faucet, you should make sure it is legitimate. Read customer reviews and see what people who have used the faucet think about it.
If the reviews are positive, see how people have made money on the platform. Some faucets prioritize surveys while others prioritize videos.
The best faucets will have various activities you can do. If you get bored with doing surveys, you can complete offers by downloading apps and signing up for promotions.
Even if you are on a safe website, you should be careful when clicking on links and watching videos. The link or video may redirect you to a page with malware. Use antivirus software while you are using the faucet and do not click on banner ads or other links on the page.
Tips for Bitcoin Faucets
Some people are more successful with Bitcoin faucets than others. If you want to make the most money possible, you should integrate a few faucet tips into your routine.
Use the Faucet Every Day
Faucets give small rewards, and it may take time for you to earn one-hundredth of a Bitcoin. This means that you spend time on the faucet every day.
Figure out a good time when you can fill out surveys and play games. You can fill out a survey after you’re done with work or while you’re on a lunch break.
During your days off, try to complete more tasks than you would normally do. If you find yourself with nothing to do, you can do a quick task to earn a little money.
It’s very hard to make a substantial amount of money off of one faucet. Use a faucet as a way to develop your crypto portfolio, not as a replacement for your regular job.
You can open multiple accounts with different faucets, but you will make more money if you focus your attention on just one. You may be able to qualify for rewards or perks after you’ve completed a series of tasks.
Be Patient and Find Other Ways to Grow Your Assets
It’s okay if it takes time for you to earn a substantial number of Bitcoins. Faucets are designed to give small amounts over time. There may be a learning curve for figuring out how to play games, solve puzzles, and transfer your cryptocurrency.
Stay focused on trying to earn your currency. If you find yourself getting impatient, you can set a goal for yourself to earn a certain amount of money within a month or year.
You can find other low-cost or free ways to get Bitcoin. While you are using Bitcoin faucets, you can try Bitcoin mining. The Bitcoins you mine for should go into the same wallet as your faucet currency.
Some companies let you receive your paycheck in Bitcoin. Consider asking for some of your salary in Bitcoin so you can grow your holdings faster.
Many faucets run special events where you can receive more money than normal. These events often occur around a major holiday like Halloween or Christmas. Follow the social media accounts of your faucet and take advantage of these opportunities.
Be Careful With Surveys
Read a guide to taking surveys before you start to take them. Survey makers often include quality control questions to weed out people who are cheating on them. A question may ask you to give a certain response or skip a question entirely.
Though surveys can take a long period of time, you should pause and read each question carefully. Give your honest response to the question. It’s okay if you’re not entirely sure about your answer.
A survey may ask you the same question multiple times. Survey makers do this to see if your answers are consistent or not. Give the same answer and move on to the next question.
Make sure your answers make sense. If you say that you liked a company in one question but then say that you were not likely to recommend the company, the survey maker may reject your answers.
Do not take surveys on subjects you have little background knowledge in. If you find yourself confused by terms in questions, you can end the survey prematurely.
Refer the Faucet to Others
The best Bitcoin faucets will offer rewards for referring the faucet to other people. You may receive free Bitcoins just for recruiting friends, or you may receive portions of what your friends earn.
After you’ve had some experience with the faucet, you should tell your friends who are interested in crypto about it. Show them how to set up an account and demonstrate what activities they can do on the faucet. Make sure that they include your name and wallet in the referral section when they are setting up their account.
Stay in touch with your friends. You can learn new ways of using the faucet, and you may be able to pool your resources and invest your currency together.
Using Bitcoin Faucets the Right Way
Bitcoin faucets let you earn Bitcoin by performing different tasks. The harder the task is, the more currency you can earn. There are many faucets online, so read customer reviews and talk to your friends before starting an account.
It can take time for you to earn a lot of money. Use the faucet regularly and take advantage of special events, promotions, and perks. Recommend the faucet to your friends so you get rewards for referrals.
You won’t get Bitcoins just by sitting there. Cointiply has more than three million users throughout the world. Start your account today.