Bitcoin adoption is something that is continuously talked about due to the need to sustain the growing world of cryptocurrency. Developers and other users within the space are becoming increasingly creative with their crypto-centered applications, aimed at fostering adoption.

However, where those outside the industry are concerned, incentives matter the most. The crypto community has had to return to the drawing board to create simple and efficient ways to attract new users. One of these ways is through the use of Bitcoin faucets.

A Bitcoin faucet is a reward system in form of a website or app that aims to give new users the chance to earn small amounts of Bitcoin for the completion of small tasks such as:

• Captcha puzzles

• Completing a survey

• Visiting an advertiser/partner website for a specified period of time

• Playing a game with recurring tasks

• Answering quiz and trivia questions correctly

Similar to basic game reward applications that gift players tokens and other rewards for watching ads or taking brand surveys, Bitcoin faucets allow users to have a structured starting point for building a crypto portfolio.

This type of application also allows users to test the waters and hold tradeable cryptocurrency without spending their own money, ensuring that the risk of loss is minimized. From this early exposure, users can easily decide whether or not holding Bitcoin is something they would like to do. They also offer rewards in different digital currencies like Ethereum and Bitcoin Cash so that users are exposed to a variety of them.

Rewards within this system are usually measured in the form of 'Satoshi,' the basic unit of Bitcoin (1 Satoshi = 1 hundredth of a millionth BTC). Faucets fill up with rewards which users can withdraw regularly as they empty them and usually, the value of these rewards fluctuates due to the volatility of Bitcoin.

BTC rewards paid out by faucets are stored in users' Bitcoin wallets where they can be accessed via a private key. They are kept secure via complex encryptions as long as the private key is not compromised. Since they are paid out in smaller amounts, users leave their payments to build up to substantial points before making any withdrawals.

The first-ever Bitcoin faucet was designed and created in 2010 by Gavin Andersen and awarded up to five Bitcoins to users. Now, there are many faucets which mostly function as referral systems. Unfortunately, the tense cryptocurrency climate has not been favorable to these applications. The effect of this is that their profit potential and trustworthiness have been called into question.

WHAT IS THE PURPOSE OF BITCOIN FAUCETS?

Bitcoin faucets serve three major purposes:

• They introduce new cryptocurrency users to the idea of Bitcoin as an independent currency without the added risk of losing money through bad investments. Allowing people to earn and store their own tokens is a practical approach handling tokens in the future.

• They are sources of relevant Bitcoin information that new users may need.

• They generate traffic for other websites by directing users to carry out tasks on those websites which usually belong to brands that have paid to be promoted.

WHAT ARE THE TOP BITCOIN FAUCETS?

Although there are hundreds of faucets on the internet, some clearly stand out in terms of rewards, profitability, user interface, and efficiency. The cryptocurrency landscape changes constantly; therefore, this list cannot be all-inclusive. Regardless, this is a breakdown of the 10 best Bitcoin faucets to use:

Cointiply was founded in the beginning of 2018 and has been growing ever since. With a sleek interface and multiple methods for claiming Bitcoins, Contiply has it all. The site’s faucet allows you to claim 200 Satoshis on average every 60 minutes. Aside from the faucet, you will also find the following methods available on Cointiply for earning Bitcoins: Watching videos Offer walls Pay to Click ads Browser games

FreeBitcoin  is about a roulette where every 60 minutes the user will have the opportunity to obtain a number. FreeBitcoin offers a reward ranging from 0.00000003 BTC to 0.028 BTC. However, this site allows withdrawals from the equivalent of $ 1 USD.

 Autofaucet-Dutchycorp offers an Autofaucet. That means, you start it and it claims automatically every few minutes. The site itself looks a bit childish. It’s hard to describe it, but it looks like a really old site made by a 14 year old. But let’s put the design to the side and focus on the important things. It’s really intuitive to use and it also works great. There are no issues with any part and everything works smoothly. The site also offers SSL. It’s located in France and online since 2018. We couldn’t find any more information about the owner, but that is common for Faucets. (expresscrypto.io wallet)

Cryptocurrency Miner in an Original Crypto-Universe!! In a RPG move, game is built around a persistent Crypto-World that evolve with players! There, player can explore millions of areas and complete missions for plenty of Crypto-related stuff including Collectible Cards!

FINAL THOUGHTS

Bitcoin faucets are an innovative approach to spreading the use of BTC and other cryptocurrencies globally. While Bitcoin is quite popular, adoption has been somewhat stagnant. This can be linked to the recent insecurity and uncertainty within the industry.

Faucets provide a gradual introduction of digital currencies to new users and keep them away from the risk and negative occurrences in the industry. It also provides a great way to earn money on the side since cryptocurrencies can be converted to fiat currency like USD. It is unclear whether the faucet system will die out, but even if it does, hopefully, more creative ways to boost adoption will emerge before then.