What is a bitcoin faucet?

que-es-un-faucet-de-bitcoin
3 min read

If you are new into the crypto world, you may be a little disappointed by how expensive it is to get bitcoins, but do not worry, there are other ways to get them beyond buying and selling cryptocurrencies. Find out what is bitcoin faucet.

Bitcoin are purchased at Bitcoin Hardware Stores and once you install them they will begin to produce small amounts of Bitcoin for every liter of water consumed. We recommend you not to believe everything that this article says, because getting bitcoins is not so easy yet.

The reality is that a faucet is a website or app that rewards users with Satoshis for completing small tasks. What is a satoshi? It is the minimum unit of Bitcoin, exactly 0.00000001 BTC.

You will think that it is not much, and you are right, but many satoshis accumulated with various tasks every day and a future increase in the price of Bitcoin could end up being worth a lot of money. In order to take dimension of what I tell you, the first faucet was created by Gavin Andreesen in 2010 and offered 5 bitcoins per person for doing small tasks. In 2020 nobody would offer 5 bitcoins in a faucet and in 2030, possibly, what the faucets offer today will be considered an incredible number.

But why are the faucets willing to give away cryptocurrencies?

As Milton Friedman would say “There is no such thing as a free lunch” so do not think that it is simply because they are kind, but that your effort gives them certain benefits such as increased visits to their websites, increased interaction in the itself or the growth of its databases.

Here are some of the best faucets for you to understand how they work and the income they offer.

Best bitcoin faucets

Bitcoin Bonus You
Simply have to register and you can claim your satoshis every 15 minutes, up to 5,000 satoshis are delivered per request.

Cointiply
This is a faucet that combines various games, advertising or clickers and that has a considerable payout ratio, also offering to multiply your satoshis in different ways (although you also risk losing everything).

Moon Bitcoin
This is one of the oldest faucets on the market and you simply have to register and claim your satoshis. Although the pay is not that good, you have the benefit that it is you who decides when to collect it.

If you are still not convinced of the cost/benefit ratio of getting Bitcoin through a faucet, you can always resort to the classic buy and sale of crypto. You should save a little money monthly and with that you can buy satoshis in large quantities taking advantage of the ease offered by platforms like Bitnovo to buy and sell cryptocurrencies.