Win Bitcoin 2022 tickets with bitcoin faucet
Bitcoin faucets let you complete fun and easy tasks to earn small amounts of Bitcoin.
They aren't going to make you rich. But they can be a nice, low-effort way to dip your toes into crypto.
So which Bitcoin faucets should you check out? And how much can you expect to earn? Review our top picks for Bitcoin faucets in this guide.
WHAT IS A BITCOIN FAUCET?
A Bitcoin faucet is a website where you can complete simple tasks to earn Satoshi. 1 Satoshi = 0.00000001 BTC, the smallest unit of Bitcoin measurement.
The activities you complete are typically quick, easy things, like:
- Solving CAPTCHAs
- Playing games
- Watching videos
Finish your task, and get paid in Satoshi—it's that simple.
Years ago, when Bitcoin faucets were first created, you might have earned as many as 5 Bitcoin at once. Though you probably aren't going to earn a whole Bitcoin using them today.
Once you've earned some Satoshi, they'll typically be transferred to a third-party micro-wallet. Usually, a micro-wallet is created for you when you sign up for a Bitcoin faucet website.
It works the same as a Bitcoin wallet, but on a smaller scale, and helps you avoid endless transfer fees after finishing tasks.
Eventually, you'll want to transfer your Satoshi to a normal Bitcoin wallet since they do have a cap, usually around 5,000 Satoshi.
How do Bitcoin faucets make money?
Bitcoin faucets generally pay users in money generated from ads. As long as the ads on a site generate more income than the faucets pay out, the faucet can continue to operate.
WHAT TO LOOK FOR IN A BITCOIN FAUCET
Since not all Bitcoin faucets are created equal, there are some things you should pay attention to when choosing which to use. These factors can help you decide if a faucet is legit and worth your time.
Payment Size: How many Satoshi can you earn per task?
Timer: How long do you have to wait between completing tasks?
Withdrawal Method: Will coins be transferred to your main wallet or a micro-wallet?
Withdrawal Minimum: Is there a threshold for how many Satoshi you need to make a withdrawal?
Referral Program: Many sites offer payment in exchange for referring friends.
Best Bitcoin Faucets
Now that you know what to look for in a Bitcoin faucet, let's take a look at the best around the web.
1. FREEBITCOIN
Timer: 60 minutes
Minimum Withdrawal: $1.00
With FreeBitcoin you can play a random number drawing to earn Bitcoin once every hour. Hourly prizes can go as high as $200 (at time of writing). It's easy to get started and more than 45 million users have already signed up.
You'll need to sign up for a Bitcoin wallet before you get started so that you have somewhere to send your winnings. The site offers a 50% lifetime commission of the winnings for any new members that you refer.
Their Hi-Lo game, which uses "a combination of math and cryptography" to choose winners, offers prizes up to a whole Bitcoin. They also have a range of wagering games that offer higher prizes, including a Lamborghini.
2. ROLLERCOIN
Timer: 10 minutes
Minimum Withdrawal: 10,000 Satoshi
Rollercoin is a site that has gamified Bitcoin mining. Once you sign up, you create a pixelated mining character, and you play mini-games and complete tasks to increase your mining power.
Payouts depend on the size of the total mining pool (measured in EH/s or hashes per second), and the "power" of your character. Every 10 minutes the Bitcoin block is split among active players.
You can also play a variety of arcade games to earn Bitcoin. You can withdraw daily in BTC, ETH, and DOGE.
3. COINTIPLY
Timer: 60 minutes
Minimum Withdrawal: 50,000 Satoshi
Founded in 2018, Cointiply is a Bitcoin faucet that lets users earn rewards for completing a variety of tasks, including filling out surveys, watching videos, and clicking ads. It pays out an average of 200 Satoshi per task, with a 60-minute timer.
You can earn rewards in both Bitcoin and Dogecoin, and you can multiply your earnings by playing with others. You can also earn more by referring friends.
Once you have your Bitcoin, there's a 5% incentive rewards rate to leave it in your wallet on the site.
Their referral program offers 25% of Bitcoin mined, and 15% of purchases made by people you refer.
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