A Faucet is a reward systems, in the form of a website or app, that dispenses rewards in the form of a satoshi. A Satoshi is a hundredth of a millionth BTC. There are also faucets that dispense alternative cryptocurrencies.
Earn on most faucets by completing a captcha, shortlink or task as described by the website in return for a reward.
The first bitcoin faucet was called “The Bitcoin Faucet” cool name eh. It was developed by Gavin Andresen in 2010. It originally gave out 5 bitcoins per person. Sadly faucets are not that generous anymore.
Get started with Faucets they are a great way to get an introduction to Crypto. Get some in your wallet to play with.
Faucets can only operate because they make revenue from the Advertising or Tasks you complete. So don’t use Adblockers. Should you use Adblockers then the faucets will close or ban you. Some do it by mining for coins using your equipment, either with your consent and sometimes without.
Some faucets payout instantly to your microwallet. Others you have to meet a minimum withdrawal level. Those that do often have multiple withdrawal methods such as to Faucethub, Xapo and your own Wallet.
Faucets can be considered premium if they pay well and consistently, these are often not publically listed, this is done so Faucet Microwallet services can charge membership fee’s. Read on it’s not an issue because I’ll be disclosing the best.
|1 Satoshi||= 0.00000001 ฿|
|10 Satoshi||= 0.00000010 ฿|
|100 Satoshi||= 0.00000100 ฿||= 1 Bit / μBTC (you-bit)|
|1,000 Satoshi||= 0.00001000 ฿|
|10,000 Satoshi||= 0.00010000 ฿|
|100,000 Satoshi||= 0.00100000 ฿||= 1 mBTC (em-bit)|
|1,000,000 Satoshi||= 0.01000000 ฿||= 1 cBTC (bitcent)|
|10,000,000 Satoshi||= 0.10000000 ฿|
|100,000,000 Satoshi||= 1.00000000 ฿|
It’s important to note that faucets aren’t a get-rich-quick scheme, as the reward amounts are typically quite small. Some faucets have variable payouts with fluctuate depending on the value of Bitcoin against the Dollar.