Have you ever wondered or heard of Cryptocurrency Faucets? I guess it wouldn't matter what your answer was because you clicked on this post. And hopefully I can provide some answers to satisfy your curious minds. If you have read my other posts, you may have noticed that I try to explain things in the most basic form possible, steering away from the technical babble. I am not afraid of constructive feedback, so if you have any, send me a message.
What are Cryptocurrency Faucets?
In simple terms, they are websites, or in some cases, larger networks of websites that give our small portions of cryptocurrencies, usually in Satoshis. Satoshis are micro value portions of crypto that the website is offering you free of charge for doing and completing certain tasks. In most cases, these tasks are very mindless to do, but can be time consuming depending on the faucet. Some examples of items to complete will range from looking at an advertisement for a certain period of time, to solving puzzle games, or by answering a survey questions. And depending on the faucet, before the Satoshis are transferred to your wallet, you might be in for an element of fun. This may include such activities as spinning a wheel for a chance to double your earnings. This is suppose to keep you excited and coming back for more. But at the end of the day, you're trading your time for a small portion of crypto.
Is It Safe?
There are definitely some do's and don't when it comes to websites offering free stuff. If you've been using the Interweb as long as I have, when you see the word FREE you get and instant feeling of "stranger danger!" There are a handful of Faucets that have built a great reputation over the years, and those are the ones I would recommend you trying out first. And maybe when you get the hang of how Faucets work, then venturing forward into the unknown wouldn't be so scary. With that being said, still be careful as non-legitimate websites of all sorts are out there, not just cryptocurrency faucets.
Is It Really Free? How Do Faucets Make Money?
I'm going to stick to my core morals and put a disclaimer out that "nothing in this world is free!" Things that seem free have a hidden agenda, and that's no different than crypto faucets. You are trading in your time to do tasks in exchange for crypto. The whole process will benefit the faucet as much as it will benefit your wallet. In fact, the tasks that you do to earn the Satoshis is probably less than what they make but tasking you to watch an ad, or fill out a survey. They get paid too, so is that really free? But as I mentioned before, the tasks aren't hard and it's a great way to get a little of crypto without having to spend money or mine it yourself.
Which Faucets Won't Give Me Viruses or Malware?
Here's a small list of Faucets that I have used and didn't have any problems with. I tend to stick with Faucets that have been around for awhile. If you have any suggestions of your own, please feel free to leave it in the comments section. I'm sure whomever reads this would be appreciative.
- Bitcoin Aliens
Brief Review: I've only used this for a short amount of time. There's a wide variety of tasks that you can do, mostly games. I don't play a lot of games on my phone so that there turned me away. They will award you quite a bit of currency to download games onto your iPhone or Android devices. Their apps are on their respective app stores, so that's a good sign that Apple and Google allowed them to be.
Brief Review: I had my wife test this out for me as she enjoys filling out surveys. The tasks you have to complete are mostly surveys, viewing ads, and them filling out surveys on those ads. If that's for you, well they pay you for that. Some people like my better half enjoy doing these tasks as she is a Marketing Major. Me, well my eyes just glaze over ..
Brief Review: I had my oldest son play around with this faucet. It's straight forward, watch video ads, stare at banner ads, and play a few games. The interface is quite attractive and easy to navigate around. If you're lost at what to do, or how to do it, (like my son), the help section is very useful.
And there you have it, 3 cryptocurrency faucets that can help put a little cha-ching in your wallet. As for it being FREE, well you know my personal take on that. But at the end of the day, you won't have to shell out cold hard cash to own a little bit of crypto.
Leave me a comment if you find this helpful, or if you have questions.
Until next time .. peace!
PingingNinja aka Michael