Bitcoin faucets are a very popular theme within the various crypto communities around the world. They receive both a lot of praise and backlash. Some people love them, others think that they are nothing more than a scam. Well, in this guide we are going to try to find out not only which group is right, but also look for the best Bitcoin faucet available - assuming that it’s legit, of course.
I’ll tell you all about the topic: what is a Bitcoin faucet, what they’re used for, why are they even a thing in the first place. We’ll talk about their impact on Bitcoin (whether it be good or bad) and then finally see if we can find a legit and profitable Bitcoin faucet.
How are Bitcoin faucets financed?
The site operators finance themselves by presenting advertising banners on the pages. Currently, these are mostly references to other faucets or other providers from the Bitcoin world. It would be inconceivable if large companies were to appear here at some point with thick marketing budgets. Apart from banner advertising, there are also games, where the payment is based more on the basic costs of playing a game and the chances of winning a jackpot or high scores. Furthermore there are also lotteries, which are organized among the users. Here the users have the possibility to buy more ticket shares against the use of additional coins. With many offerers wait weekly sumptuous jackpots in Bitcoins, Litecoins, Ethereum or Dogecoin...
Where is the hook with the Faucets? How safe are they anyway?
As you can see, there is no magic wizardry with the financing. But still, be careful, there are of course many cheats in this field. Therefore we recommend, like also with other sides in the Internet to the topic money earning rather on already established offerers to set. Offerers, which disbursed reliably over a longer period. In addition, there are many providers in the Asian or American region, which certainly does not make it easier. In addition, the markets are currently still "bird wild" and rather unregulated by laws.
The best protection is therefore your mind and a wallet with credit on coins outside the faucets. As soon as you have accumulated enough coins with these providers, you should transfer it to your wallet immediately, this is the only way to ensure that you don't lose any credit to these operators.
Some more useful basic tips - Number of faucets
We recommend that you register with several faucets that offer the same crypto currency. This has the advantage that you can then collect small amounts from as many providers as possible and thus earn faster overall in the respective currency such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum or Dogecoin. With the time you should then of course more and more crypto-currencies to add and compare with which Faucets more worthwhile themselves and with which less.
We also recommend you to use these services regularly, because many faucets get slower with time when generating the coins. That means the longer you don't pick up the coins the slower the generation of new coins. But be careful, this can also affect your mood at some point. It shouldn't be a stress, it should be fun for you, so tell yourself how it is right for you.