The blockchain ecosystem is overbrimmed with various ways of earning. The most common of them are mining, digital coins trade, purchasing of e-coins through various exchanges.
Nonetheless, not many people feel comfortable and confident when purchasing Bitcoins and other cryptocurrencies via exchange platforms. Furthermore, some users are hostages of their location experiencing restrictions on access to the targeted options.
What are Bitcoin Faucets
Very few people are aware of decent means of how to earn bitcoins for free without investments and prohibitions such as bitcoin faucets.
Previously, this option was considered unpretentious entertainment. But since Bitcoin carved out its decent name of a trendsetter in the blockchain world, it has been boasting its own reasonable share and highly-proof market cap, as well as acquired payment properties. Faucets based on cryptocurrencies have turned into platforms genuinely oriented to help users earn free bitcoin and other altcoins.
How to get Bitcoins for Free
Bitcoin faucets are an online service that dispenses Satoshis for viewing ads. For heaven’s sake, what is a Satoshi? – such kind of question is no surprise if to be put into newbies’ shoes. The services pay its visitors the minuscule parts of bitcoin per visit, which are called Satoshis. A user aiming to get Satoshis has to complete various tasks. Such a fruitful and profitable puzzle game is designed for adult and serious ones.
Typically, these sites consist of one or more pages filled with bright advertising banners.
Bitcoin faucets are essentially the platforms for mutually beneficial cooperation.
The mechanism of earning with them is designed to the extent that both the owner and users stay net positive:
- Bitcoins distributed for free attract a relevant audience to the site;
- Zealots view ads while visiting the portals, thus bringing money to the creator;
- The developer pays the visitors a part of advertising revenue, thereby encouraging them to return.
Bitcoin faucets are a straightforward and free option for those aiming to penetrate into the crypto industry to pile up Bitcoins. It is a high time for newbies to “dip their blockchain beak” and get a taste of what it’s like to cope with a wallet, conducting transactions with bitcoins and other cryptocurrencies.
The way of getting remunerated
All faucets have the same operating principle, but each of them sports the unique features, rules, and a scheme for calculating rewards. According to the number of cryptocurrencies in distribution, they can be divided into the following categories:
- Flat rate – users receive a fixed remuneration;
- Random calculation – a number of Satoshis per visit is versatile and is determined randomly for each user.
Generally, one can also distinguish discrete and cumulative faucets. In the case of former, the reward is allocated only during a certain time span, when the user has visited the site and gathered the yield. Cumulative faucets are the most profitable in the category. They mount up the remuneration, even if the users’ computers are off. When the yield is gathered, the counter automatically resets.
Broadly speaking, any given way of how to earn bitcoins for free is not rocket science.
Actually, the keystone idea of cryptocurrencies is that people generate and transfer them in a decentralized way. Therefore, this field is not free of slippages. A myriad of faucets run dry or turn out to be scams.
Before you start raising money on any platform, you should carefully analyze the site and read the reviews. Otherwise, you are wasting your time. With a smart approach to bitcoin faucets, you can earn a stable monthly income without the risk of burning out. You’ll do great!