Did you ever hear about crypto faucets? It’s a free way to earn some bitcoin, dogecoin, litecoin and others! Learn all you wanted to know about cryptocurrecy faucets in this article.
What are crypto faucets?
Crypto faucets are one of the legitimate ways to earn small amounts of free cryptocurrency such as bitcoin for your interactions with a website. Typically they are run by either companies which mine crypto and redistribute a part of their earnings, or they run advertisement to gain profit which enables them to give out free cryptocurrency. Most faucets typically let you claim your free coins after solving a captcha and proving you are a human. The amount you receive varies from site to site and usually you need to wait a certain amount of time between claims.
Earnings from crypto faucets are often credited into a micro-wallet such as FaucetHub or Coinpot which lets you accumulate enough crypto for withdrawal. Also, by using these microwallets you can get some extra rewards and bonuses. Some standalone services don’t use micro-wallets but rather deposit directly to your account or personal wallet.
Even though Bitcoin faucets are the most popular ones, you can earn many other cryptos such as Dogecoin, Dash, Litecoin, Stellar Lumens and others. If you are using multiple faucets which are a part of same micro-wallet, typically you can convert between them easily and withdraw the currency you want.
Many crypto faucets besides claiming free coins offer additional services such as playing lottery and games, betting and other ways of earning additional coins. However these are often games which can both benefit and damage your accumulated amount so you should only play with what you can afford to lose. If you are only playing with what you claim, these features can provide enrichment and excitment for those who are into games of chance for a fairly negligible cost.
What is the benefit?
Even though they are not a sustainable long-term source of income, faucets provide a fun activity especially for people new to cryptocurrency. You can explore what it feels like having different cryptos without the fear of investment. Faucets can also help you develop your financial management skills, teach you patience and encourage saving habits.
If this article got you curious stay tuned for our upcoming list of top crypto faucets to use. What is your opinion on crypto faucets? Feel free to share it in the comments below.
Ever tried crypto faucets to earn Bitcoin, Dogecoin, Dash? Did you fail or you got bored? You want to learn more about how to succeed with faucets? Learn all the best strategies from Centilionaire.
We’ve already talked about what are crypto faucets and why you might want to use them. Now, we want to give you some advice on how to succeed with using them and what might be the best strategy. Remember, the faucets will only provide you a small amount of cryptocurrency but they are free – no risk, no investment and little effort.
Consistency is key
Most faucets will not make you rich in a day, or a month, or ever for that matter. However, imagine a crypto faucet to be like a piggy bank. Every day you put in a couple of cents and at the end of the year you will have enough to buy yourself a nice present. Crypto faucets are a little bit like that – except the cents you put in are free! So get into the routine of claiming a faucet once or twice per day and stick with it. Long-term it will be more profitable than doing it for one or two days then quit. Of course, take advantage of bonuses and special promotions where you can, but make sure you have a routine and stick with it.
Keep your focus
In the world of crypto faucets it’s easy to get lost. If you start thinking that you will be able to claim every faucet in the world and you will get unlimited amount of coins in just one day you might want to register for as many as you possibly can. However, by the time you reach the amount needed for withdrawal they will probably drain your life away and there would be little to no benefit. By all means you should test a couple to see what you like, but it would be best to choose one or two which you will use consistently.
Make your money work for you
One of the advantages that you can get when using faucets is that some of them also offer to pay you interest for your earned crypto. One perfect example of this is freebitco.in faucet where you can earn around 4.08% annual interest on your balance. It’s simple – why have less when you can have more?
Many faucets will offer promotions, extra rewards, bonuses and so on. To get the most out of them, make sure to learn about all the possibilities, follow the social media of faucets you choose and really use every opportunity to get some extra coins that you can. Often, these special rewards can get you many more coins than simply claiming consistently so definitely look out for those.
As always when you use something that is free, don’t expect to much. Crypto faucets are fun, they are engaging if you don’t stress to much and they can bring you some extra crypto to play with without any risk. What is your opinion on faucets? Any advice to share? We’ll be happy to read it in the comments.