Yes, it’s absolutely possible to get cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, DASH and other Altcoins for free.
What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. – COINTELEGRAPH
The most famous cryptocurrency is Bitcoin, which hit its all time high price of $20,000 each at the end of 2017. But, it is currently trading at $6,500. The risk of such steep drops and highs in prices scares many people away. Or, you might want to invest in cryptocurrencies, but may not have the capital for it.
But reasons like these don’t have to stop you from dipping your feet into the ocean of cryptocurrencies. There are ways to earn crypto for free. In this post, let’s look at one such method—crypto faucet.
What is a Crypto Faucet?
A cryptocurrency faucet refers to a website that gives away small quantities of cryptocurrencies as a reward for completing small online tasks. They drip tiny amounts of cryptos and hence the name ‘faucet’. Tasks usually involve simple ones like completing a captcha, clicking a link or an ad.
Since the payout is a tiny amount, you will have to keep completing the given tasks repeatedly until you reach a threshold quantity. Once you hit the threshold, you can withdraw your crypto earnings to your chosen wallet or exchange.
Watch Out for Scams
Unfortunately, there are tons of fake crypto faucet websites that lead you on to complete tasks and in the end, you’ll realise you can never withdraw your earnings. Remember, if a faucet offer sounds too good to be true, avoid it. For example, legitimate crypto faucets would not offer free coins for using their wallets. Always check the threshold value for withdrawal and ensure it’s a realistic and achievable number before you start spending your time to complete tasks.
Hot tip: Before you go ahead and earn from these faucets, first, sign up with CoinPot. This is a microwallet to hold cryptocurrency in tiny quantities exactly like what you would earn from a crypto faucet. Your earnings from connected faucets will be deposited automatically into your CoinPot wallet in real-time.
When you sign up with multiple faucets and deposit every little drip into a single CoinPot wallet, your earnings will accumulate that much faster.
Best Bitcoin Faucets
Considering some factors like how long the crypto faucet has been around, how low the withdrawal threshold is and how quickly they payout your rewards, here is a list of the best crypto faucets around. Remember, this is not investment advice and you should always do your own research before signing up with a faucet or investing your money into any investment product, cryptocurrency or otherwise.
Probably the most popular crypto faucet around, Moon Bitcoin pays out your earnings every few minutes and can be used multiple times in a day. There is also an alert option, which if checked will alert you every time a new claim is available earn. Moon Bitcoin also offers bonuses for logging in daily, referring other users and more. References can earn you additional lifetime commission of 25%. Active referrals earn you another 1% bonus on every claim.
Same as Moon Bitcoin except you earn Dogecoins instead of Bitcoin.
A faucet to earn litecoins.
A faucet to earn Dash coins.
A faucet to earn Bitcoin Cash.
This crypto faucet lets you claim Bitcoin every 15 minutes with 100% referral commissions. The unique aspect of this faucet is its “Family friendly” approach.
BitFun provides a good collection of online games. You simply earn your crypto rewards when you play these games. So if you are a game fanatic, BitFun would be right up your alley.
Bonus Bitcoin is another crypto faucet that provides claims every 15 minutes. The task is to complete a simple captcha. There are other ways to earn too—5% bonus for daily usage, referral bonus or you can complete specified offers and surveys.
So go ahead, sign up with these crypto faucets, earn cryptocurrencies and move into the future of money.