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What are Bitcoin Faucets?

Bitcoin is an open-source payment system that has been brought into existence a decade ago. The payments transacted within the account are recorded in a public ledger using a unit called bitcoin. Bitcoin is often referred to as cryptocurrency and it can be sent or received electronically for an optimal amount of transaction fee.

Thanks to Bitcoin Faucets, newbie investors now have been introduced to a whole new feature of achieving a steady Bitcoin amount without even spending a single penny. This has proven to be a breakthrough to the industry of cryptocurrency.

A Bitcoin Faucet is a website that gives its users an opportunity to claim the free bitcoins. This small amount of bitcoins are termed as ‘Satoshis.’ They might vary from 100 to approximately 10,000 or even more.

How to earn a Bitcoin Faucet?

All the bitcoin faucets maintain their own website, where you need to register, create an account and accomplish a few tasks to earn the free bitcoins.

Bitcoins faucets generally maintain timers, which means you can earn a free bitcoin only during a specific period of time that has been set. They usually vary according to per hour or per day basis. The faucet gradually fills up initially, but it certainly slows down until you proceed with the claim.

Different Bitcoin Faucets:

Various Bitcoin Faucets follow certain rules. They are:

  • Desired Payout

Few Bitcoin faucets payout money only to certain chosen bitcoin wallets. Whereas, other faucets process the payout to any valid bitcoin address.

  • Frequency of Payout

Few bitcoin faucets conduct payout once per week. Other faucets payout according to the demand, or sometimes once per day.

  • Associated Tasks

Few faucets include just solving a simple captcha (or a survey). Whereas, other faucets include watching advertisements, videos, solving quizzes and surfing or visiting other sites.

So, what are you waiting for, go start with your own bitcoin faucet and make money by building it effectively.

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Kathleen R. English

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