Guide to Faucets
A cryptocurrency faucet is a rewarding system, in the form of a website or app, that dispenses cryptocurrency rewards in exchange for completing various tasks typically a captcha or any other task described on the website. The name is actually a metaphor because each reward appears to be insignificant, like the water drops dripping from a faucet into a water bucket, yet, over time it is possible to accumulate a significant amount into your cryptocurrency wallet.
In the case of bitcoin faucets, rewards are given in the form of a satoshi, which is a hundredth of a millionth of BTC (1 Satoshi = 0.000000001 BTC), however, there are also faucets that dispense alternative cryptocurrencies such as Litecoin, Bitcoin Cash etc.
The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010 giving out out 5 bitcoins per person in order to promote the idea of cryptocurrency.
The main characteristics of a faucet are:
In the case of bitcoin faucets, rewards are given in the form of a satoshi, which is a hundredth of a millionth of BTC (1 Satoshi = 0.000000001 BTC), however, there are also faucets that dispense alternative cryptocurrencies such as Litecoin, Bitcoin Cash etc.
The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010 giving out out 5 bitcoins per person in order to promote the idea of cryptocurrency.
The main characteristics of a faucet are:
- Claiming amount: The micro-amount of satoshi earned in every claim
- Claiming Period: The interval between 2 claims
- Withdrawal amount: The minimum amount of satoshi needed for a withdrawal into your crypto wallet
- Withdrawal method: The method used to make payments
- Referral Bonus: The bonus for referring new users to the faucet
Blink FaucetBlink Faucet is a free Tron faucet giving away 0.005 TRX every 90 minutes up to 10 times per day. How to participate:
FaucetPay.io Faucets
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FreeBitco.in
FreeBitco.in was established in 2013 and it is one of the oldest bitcoin faucets on the world wide web. The Faucet task allows users to complete a captcha in order to generate a random Lucky Number between 0 and 10,000. According to the generated number and the Payout matrix which is shown below, the user is being rewarded a corresponding amount of satoshi.
The minimum claiming period is one hour. Also in every roll users get reward points that can be exchange for satoshi (100,000 tokens for 1 satoshi) and lottery tickets which can be exchanged to win exciting prizes. The referral program of FreeBitco.in provides users with 50% of their referrals earnings from the faucet for life.
Other tasks include Hi-Lo, Lottery and Betting games as well as Wager and Referral Contests. |
GlobalHive Faucet powered by GameStation
Users should be mindful that any malicious intention of abusing the Faucet system will follow the termination of their account. Examples of abuse can be the use of bots, any kind of automation for claiming the faucet, use of VPN or even the creation of excessive accounts from the same referral link and internet location.
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Global Hive Faucet is a ZCash faucet founded in 2020 and in 2023, it was acquired and powered by GameStation game develloper.
Users may claim free ZCash every 24 hours after solving a quick captcha and the funds are being collected in any ZCash wallet without any restrictions in the minimum payout or any specialized wallet requirement. Therefore, users can withdraw the claimed funds to any ZCash wallet including the ones of crypto-exchange platforms. Yet, it is advised that any withdrawals should take place only after a considerable amount of ZCash has been raised due to any deposit limitations of cryptocurrency platforms. Global Hive Faucet includes various multipliers that help the user to increase the amount of ZCash earned from the faucet such as the Social Media Connect Program, the use of Brave browser (10X multiplier) and the Daily Bonus Loyalty Program for everyday claims. |
**Daily Bonus Program**
With Daily Bonus Program, users are being rewarded with an extra multiplier of the basic Global Hive Faucet claim as follows: Day 1: No Bonus Day 2: 1.2x Day 3: 1.4x Day 4: 1.6x Day 5: 1.8x plus a Bonus Round for an additional up to 0.3 ZEC. Day 6: 2x **Referral Program**
The referral program requires a minimum withdrawal of 0.002 ZEC and payouts are made every two weeks on the 1st and the 15th of each month. The program provides commissions in a 4-tier system as follows: Tier 1 Referral: 10% Commission Tier 2 Referral: 5% Commission Tier 3 Referral: 3% Commission Tier 4 Referral: 2% Commission |
**Social Media Connect Program**
With the Social Media Connect program, users are being rewarded for linking their personal social media accounts to the platform in order to verify their identity and exclude any bad actors. This feature is intended to help ensure only legit and honest users receive their rewards, and exclude any malicious actors from using the Global Hive Faucet. The Social Media accounts that can me linked include Google, Facebook, Twitter and Linkedin and the multiplier is proportional to the number of connected social amounts as follows: 1 Social Media account provides 0.1x multiplier 2 Social Media account provides 1.0x multiplier 3 Social Media account provides 1.2x multiplier 4 Social Media account provides 1.9x multiplier |
Free Cryptos Family
This is a family of Faucets established on 2020 with huge interface similarities with Freebit.co. It provides micro-faucets in various cryptocurrencies and crypto-assets with minimum payouts however mind that final amounts fluctuate according to markets behavior.
Name | Minimum Payment | Banner |
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FreeBFGToken | 300 BFG | |
FreeBNB | 0.02 BNB | |
FreeBitcoin | 0.00020000 BTC | |
FreeBITTORRENT | 2,000,000 BTT | |
FreeCardano | 5 ADA | |
Chainlink | 0.5 LINK | |
CoinFaucet | 5 XRP | |
FreeDash | 0.08 DASH | |
FreeDOGE | 50 DOGE | |
FreeEthereum | 0.005 ETH | |
FreeLiteCoin | 0.08 LTC | |
FreeNEM | 10 XEM | |
FreeNeo | 1 NEO | |
FreePolygon | 3 MATIC | |
FreeShibaInu | 250,000 SHIBA | |
FreeSTEAM | 5 CSGO | |
FreeTron | 30 TRX | |
FreeTether | 5 USDT | |
FreeCoin | 5 USDC |
FreeNYC Faucet
What is New York Coin? What's an NYC address? How do I get some? If you are asking questions like this, I recommend you to check out the official NewYorkCoin websites to learn more. If you just want to make a wallet to receive some NYC ASAP, pick one from here. The fastest one will be Coinomi since it doesn't need to sync the blockchain. If you want to buy some NYC while it's still super cheap, it is available for exchange on select platforms. There are many ways to buy NYC but the most common method is to buy BTC/ETH/LTC etc. on a larger platform like Coinbase or Binance and then to deposit and exchange it to NYC on one of the supported platforms. FreeNYCFaucet is actually a shortlink faucet and not a traditional Random Number Generator Faucet.
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Helpful Links
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Free-Ethereum.ioFree-Ethereum.io is an Ethereum-based faucet established on 2020 that has so many similarities with the successful FreeBitco.in that it looks like a direct clone of it focusing in Ethereum cryptocurrency instead of Bitcoin.
Minimum Payout is 0.00200000 ETH and there is a Network fee of 0.00100000 ETH. As a result, the user is encouraged to accumulate a bigger amount i.e 0.00500000 ETH in order to receive a considerable profit. The minimum claiming period is one hour. The referral program of Free-Ethereum.io provides users with 50% of their referrals earnings from the faucet for life. Other tasks include Multiply and Lottery games. |
Free-Litecoin.comFree-Litecoin.com is an Litecoin-based faucet established on 2020 that has so many similarities with the successful FreeBitco.in that it looks like a direct clone of it focusing in Litecoin cryptocurrency instead of Bitcoin.
Minimum Payout is 0.00400000 LTC and there is a Network fee of 0.00100000 LTC. As a result, the user is encouraged to accumulate a bigger amount i.e 0.005000000 in order to receive a considerable profit. The minimum claiming period is one hour. The referral program of Free-Litecoin.com provides users with 50% of their referrals earnings from the faucet for life. Other tasks include Multiply and Lottery games. |