Any website owner can now create a bitcoin faucet by funding a cryptocurrency wallet with BTC and connecting it to a simple script that runs on their website.
Faucets are quite easy to set up; there are even WordPress plugins that automate the process. The wallet is programmed to pay out Satoshis at predetermined intervals, and there may be a minimum withdrawal threshold set.
For instance, you may be entitled to claim coins from a particular faucet once every 24 hours, and able to withdraw your coins once you have accumulated 1,000 satoshis (0.00001 BTC).
Most faucets require you to register using an email address and password, before compelling you to complete tasks that will entitle you to free coins. These tasks can include watching videos, clicking on ads, completing quizzes, rolling dice, and solving puzzles.
Some of these tasks may sound fun, but they can quickly become repetitive, particularly in an environment where you are bombarded with banner ads and other promotions.
Each bitcoin faucet will limit the amount you can claim per account and often by IP address too, to prevent people from creating duplicate accounts.
However, there is nothing to stop you from signing up for different faucets, and working your way around them, claiming coins from each site as you go. While laborious, this can provide a system for accruing a very modest amount of cryptocurrency. Some people go further and use bots.
Incidentally, bitcoin isn’t the only cryptocurrency that can be claimed in this manner: there are faucets for many of the most popular cryptocurrencies on the market. Given its value, and its history of outperforming most other cryptocurrencies, however, you may reason that bitcoin is the best faucet to choose.
A good bitcoin faucet, relative to other faucets, will have a high number of users (since this suggests that the site is trustworthy) and offer payouts that are above the market average. It will also have low withdrawal fees and ideally allow you to withdraw your BTC at any time.
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