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
FaucetPay.io FaucetsBitcoin Generator
QP CRYPTO
Doge Mom
Blink Faucet
FAMILY FAUCETS
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