What Is A Crypto Faucet? Starter Guide

What Is A Crypto Faucet? Starter Guide

If you’re like me, you might be curious about cryptocurrency and alt coins. However, you may not have money to invest, or it may be difficult to buy coins in your country. Enter the crypto faucet! But what is a crypto faucet you ask?

A crypto faucet is a website that will give you satoshis in exchange for viewing ads or completing simple tasks. A satoshi is the smallest trading unit of a coin, worth 0.00000001 BTC in the case of BitCoin. Crypto faucets exist for most alt coins. From the most popular, BitCoin, to the most fun and useful, Dogecoin, you’re sure to find one to fit your needs.

Crypto faucets are about as close as you can get to regularly getting coins for free. In a lot of cases you simply have to solve a captcha and collect your satoshis. Let’s look at how it works and how you can get started in the world of cryptocurrency.

If you want to skip all the why, and just get to the how, scroll down to the bottom of this article. You can also check out my list of recommended resources for a full list of faucets I use every day.

Note: These are all sites I have personally used, and none of these listings are sponsored. I do not receive any payment, samples or free product from anyone featured on this blog (sadly). I do however earn a very (very) small affiliate credit when you sign up using my links.

Why Crypto Faucets?

If you’re asking “Why should I sign up for a crypto faucet?”, the answer is easy. Who doesn’t like free money? Altcoin faucets are a great way to take your first steps into the world of cryptocurrency, without any risk. Visit a website, click a button, get satoshis. It’s often that easy.

Part of understanding “What is a crypto faucet?” is understanding what it isn’t. A faucet is not a get rich quick scheme. Each faucet claim pays out fractions of a cent. Collect long enough, and you’ll have some money to spend, but it won’t happen overnight.

Crypto faucets should be looked at as a fun way to play around with cryptocurrency, without having to invest any of your hard earned money. Though, with the rate things are rising, that $0.10 you have now might be worth $1, or even $10, a year from now!

If you’re asking “Why do crypto faucets exist?” or “Isn’t this too good to be true?”, well, that’s also pretty easy. Faucet owners use them to make money.

What’s In It For A Faucet Owner?

In the beginning, BitCoin faucets were a way to promote the cryptocurrency. Just like stores who give our free samples, they wanted to get the product into the hands of the people. If people could get it for free, they might take the time to learn about it and how to use it. Their plan worked!

Today cryptocurrency isn’t really as new and exotic anymore. Faucet owners have realized that if they put ads on their sites, they can earn some money. A lot of them also offer affiliate tasks and games. It’s basically the same business model as SwagBucks, only on a much smaller scale.

You visit a website, the faucet owner pays you a few cents of crypto coin, and hopefully makes a few dollars in revenue.

Just like a regular website, the effort to set up a crypto faucet is pretty minimal. This means that, just like the regular internet, the faucet world is full of poorly made, and often abandoned sites. If a faucet lasts a year or more, that takes some work.

A lot of the faucet owners out there either ran out of money, or just didn’t make as much as they thought. As a result, the faucets either don’t pay out, or were just completely abandoned. Before signing up for any sites, do a quick search online and see what others are saying about them.

In order to save you some time, I’ve included a list of verified faucets at the bottom of this article. They’re used daily by thousands of users (myself included), and are verified to actually pay out. It’s a pretty safe bet that they’ll all be around a year from now.

What Alt Coins Are Available?

What Is A Crypto Faucet? Altcoins

In the beginning, there was BitCoin. Since then the altcoin market has exploded. A lot of coins started in an effort to improve upon the BitCoin model. Some started with a focus on privacy and security. Others started as special community variants. Some even started as jokes that accidentally took off.

There are thousands of different altcoins out there, and thousands of different faucet sites. You’re almost guaranteed to find at least a few faucets for your favourite coins.

Though some faucets are dedicated to a specific coin, there are also some that will allow you to claim multiple coins at the same time. Some of the recommended faucets at the bottom of this article allow you to claim up to 10 different cryptocurrencies at once!

The one thing to keep in mind with multi-coin sites is that your allotment of claims is usually spread between coins. If you have 10 claims, you can claim one coin 10 times, or 10 coins once each.

If you’re looking to actually make money, it might be a good idea to focus your efforts on only one or two coins. That way you can spend less time on more claims. However, if you’re just interested in altcoins in general, the sky is the limit! You’ll spend more time doing claims, but you’ll have a wide variety of coins to play with.

A Few Safety Tips

As with anything else on the internet, as soon as it starts getting a little popular, someone out there finds a way to scam people. Crypto faucets are no different.

A faucet site is easy to set up, and though there are thousands and thousands, a lot of them aren’t worth visiting. The same risks that exist browsing scam websites also exist for faucets.

A big part of faucet revenue is based on ads. This means that most faucet sites will have more ads than you might be used to. This alone isn’t a bad thing, and should be expected.

What you want to watch out for are lots of pop-ups or redirects. This is a sign that the site might be using a shady ad network. Shady networks are more likely to be infected with malware or phishing attacks.

One other problem that is increasing across the internet is cryptojacking software. This is hidden software that runs in your browser and steals all of your computer resources to secretly mine cryptocurrency for the site owner.

Some faucet sites offer a mining pool as an option to earn extra satoshis, but it should always be well publicized and opt-in. If you suddenly notice your computer fans spinning really loudly when visiting a site, that’s a good hint to stay away.

For this reason, it’s a good idea to install an anti-coin mining plugin in your browser. It won’t have any impact on your browsing, including your use of faucet sites, and will be one less thing you have to worry about online.

How Do I Collect Coins?

How you actually earn coins will vary site by site. The primary method for the faucets I recommend below, is simply solving a captcha. This makes it nice and quick. I can claim from the 12 faucets I check regularly in about 4 minutes.

Of course there are a lot of other opportunities as well. One thing a lot of faucet sites have started to add is some type of chance game. You wager some of your satoshis and based on the number you roll, you either win or lose some. If you’re the gambling type, this can be a quick way to build (or lose) your wallet.

Some of the bigger faucets have caught on to the success of GPT sites like SwagBucks. They have started to offer similar (or sometimes the same) offer walls. Watch some videos or load some ads, get some satoshis. Some sites even have games you can play for cryptocurrency.

With a variety of coins to collect, and a variety of ways to collect them, the next question is where do they go?

What Is A Micro Wallet?

What Is A Crypto Faucet A Starter Guide to Micro wallets
A microwallet collects the drips from a cryptocurrency faucet

A micro wallet is a holding space for your cryptocurrency. In my article on FaucetHub, I described it as a draft email. A micro wallet collects all of the drips from the faucet. All of those small satoshi transactions accumulate until you have enough to withdraw your coins to your own wallet.

Imagine a friend owed you $10. If they offered to pay you $0.01 every day until the debt was paid off, you would think that was ridiculous. You’d end up with a pocket full of near useless pennies. Even worse, you might become that old lady at the grocery store counting out change for half an hour. No one wants that.

A better idea would be for your friend to put a penny each day into a jar on top of their dresser. When $10 was reach, they could take the pennies to the bank, and get a crisp new $10 bill for you.

A micro wallet is like that jar. A micro wallet collects small transactions and then sends a payment to your own wallet once your withdrawal minimum has been met. That way you get one normal transaction, instead of hundreds of tiny ones.

Below I discuss two of the most popular micro wallets. Each of them has a set of faucets that it supports. It’s important to link the right micro wallet with the right faucet. If you don’t, then your faucet earnings will never find you.

All About Auto-Faucets

One interesting type of faucet out there is the auto-faucet. It runs, well, automatically. By completing a captcha or some other simple task, you will be rewarded with a set of claims. The faucet will then run in the background, adding to your micro wallet, until those claims have run out.

Some of them don’t even require a captcha. You simply visit the site, enter your micro wallet address, and then leave the page open (while ads play) to claim new satoshis every few minutes.

This is a great idea, and it really does seem like money for free. However, I have found that they can be awfully unreliable. A lot of them will give an error, or have a full page ad redirect (which will stop the faucet) every hour or two. This means that they need some amount of babysitting. Still, if you’re on your computer anyway, that’s an hour or two of claiming before you need to hit reset.

The downside of auto-faucets is that they pay out quite low. The adage you only get out what you put in definitely applies here. You’ll earn something for nothing, but it won’t be a lot of that something.

Is It Worth It?

Are Crypto Faucets Worth It?

Ultimately, only you can answer this question. As I said above, crypto faucets should be looked at as a fun way to play around with cryptocurrency. This isn’t a get rich quick scheme. It also won’t help you pay your rent.

However, it is a fun introduction to cryptocurrency and altcoins. Personally, I think it’s worth it. It allows you to gain some coins, and learn about wallets and exchanges without any risk or investment.

I spend about 4 minutes each day checking my faucets. That’s it. It’s faster than checking my email. At this rate it takes at least a month or two to cash out, but that doesn’t bother me.

Of course, most faucets let you claim once every half hour, or once every hour. If you are available to do that all day long, you could be cashing out at the end of a week or two. You could certainly try to turn faucets into a small source of income (think, $2 or $3 an hour).

If you work from home, or are on an unmonitored computer all day anyway, why not have a faucet tab or two open? The amount you get out of it depends on the amount of effort you put in.

What Do I Need To Get Started?

Finally! At long last she’s getting to the point! So I’ve convinced you to give faucets a try, and now you want to learn how you actually do it? Fortunately it’s pretty easy.

  1. First thing is first. You’re going to need a wallet to keep your coins in. There are a ton out there on the internet, and I go into some of the details in my FaucetHub article. To keep this simple, I would avoid web based wallets and look at something like Coinomi. That way your keys are stored on your computer and under your control. A popular saying around the crypto world is It’s not your wallet if you don’t control the keys.
  2. Now that we’ve got that squared away, you’re going to need two micro wallet accounts. These are my two favourites: FaucetHub and CoinPot. If you were to only sign up for one (though why not both?) I would go with CoinPot. The beauty of their platform is that the faucets stack. This means that whether you check in once an hour, or once a day, it makes no difference. The balance is always increasing for you between claims. You only have to log in once a day, or even once a week, and you’ll still get your full allotment of satoshis.
  3. Visit the recommended faucet list below and log in with your FaucetHub or CoinPot details. For CoinPot faucets, you simply have to enter the email of your CoinPot account and your coins will start showing up right away. For FaucetHub you need to create an altcoin wallet, enter that into the FaucetHub website to “register” it with FaucetHub, then go to the faucet sites and enter that same address again to link the faucet to your FaucetHub account. If this seems complicated, check out my FaucetHub article which goes into more detail.
  4. Bookmark these faucets, so you remember to visit them again. Return once a day (or more often if the faucet allows), solve your captcha and collect your coins.
  5. Profit!

Recommended Faucets

This list of faucets are the easiest, most reliable, and highest paying ones I’ve come across. I can run through this list in about 4 minutes a day. Note: the Moon faucets are really touchy about adblockers, so you might have to disable it, if you have one.

Check out my full list of recommended resources for all of my recommended sites and apps in one place.

All of the CoinPot faucets have the bonus of not making you solve a ReCaptcha! (check out my article on GPT Safety for more info on why I hate ReCaptcha) A few of the others also have the option of switching to a SolveMedia captcha. I would highly recommend this to speed up your claim time.

CoinPot Faucets:

FaucetHub Faucets:

  • Swiss Ads Pays BitCoin – Claim once an hour, up to 18 times a day. Simple, unique captcha. Contains it’s own micro wallet. 0.0008 BTC needed to withdraw to FaucetHub.
  • Swiss Ads Pays Ethereum – Claim once an hour, up to 18 times a day. Simple, unique captcha. Contains it’s own micro wallet. 0.002 ETH needed to withdraw to FaucetHub. You can also withdraw to another wallet every 0.006 ETH instead.
  • Cointiply – Pays BitCoin. Claim once an hour with a SolveMedia captcha. Also features videos, offer wall and games. It’s basically a full crypto GPT site.

FaucetHub Auto-Faucet:

You really don’t want to miss these!

  • BitHunt – Best paying auto faucet I’ve found. Just leave the window open and it’ll run for hours. You can choose between 30 different altcoins. Also has games, an offer wall and a web miner.
  • FireFaucet – A very reliable auto faucet. You get 75-100 bonus claims every day. A SolveMedia captcha gets you an additional 30-50 claims every half hour. Also features an offer wall and mining pool to earn additional claims. This is my favourite set it and forget it faucet out there. It supports the following coins (you can claim up to 10 different types of altcoin each time):
    • BitCoin
    • Ethereum
    • DogeCoin
    • LiteCoin
    • ZCash
    • Monero
    • DigiByte
    • Dash Coin
    • PrimeCoin
    • PeerCoin
    • BitCore
    • BlackCoin
    • PotCoin

Independent Faucets:

  • Free BitCoin – Pays BitCoin. Claim once per hour. Annoying ReCaptcha unavoidable. Pays out 0.00000044 to 0.04901841 BTC based on a random number roll. 0.0003 BTC minimum payout to your own wallet.
  • Free DogeCoin – Pays DogeCoin. Claim once per hour. Annoying ReCaptcha unavoidable. Pays out 0.24 to 70,701.36 DOGE based on a random number roll. 50 DOGE minimum payout to your own wallet.

Other Free Crypto Opportunities

Faucets aren’t the only way to get free cryptocurrency. They are certainly the easiest, and lowest risk though. If you’d like to go a little further into the world of altcoins, you might want to check out some of the following options as well.

AirDrops

Airdrops are kind of like GPT tasks. You sign up to a certain website, repost it on Facebook, Twitter or elsewhere, sometimes do other simple tasks, and then that company rewards you with cryptocurrency.

Basically a new company is paying you altcoins to sign up and promote their site. It’s a pretty easy, if somewhat tedious, way to earn a few extra coins.

Since I don’t use Facebook, a lot of airdrops are out for me. However, if you have a throwaway email and don’t mind spamming your social media from time to time, they might be something to try out.

You can find a lot of airdrops on Google, but two of the nicer sites to use are AirDropsMob and AirDrops.io.

Cloud Mining

Cloud mining is…well, mining in the cloud. There is a data centre somewhere with a room full of miners, and you’re renting time on them. If you want to get into mining, but don’t want to spend thousands on hardware and electricity, this might be the way to go.

Keep in mind, this is less of a beer money task, and more of a full investment. You’re paying for rental contracts, which can range from $50 to thousands of dollars each year. Obviously, the higher the cost, the higher the reward.

My feeling is that, unless you’re looking for a major investment, you’re probably better off just spending that $50 buying some altcoins outright. You might not get quite as much value that way, but it’s simple, instant, and there’s no long term commitment.

Turn Programming Skills Into Altcoins

Are you good at programming or marketing? Do you like MTurk? Then give Bounty0x a try. Bounties are posted for programming and marketing tasks, and you get paid in cryptocurrency. This is a new site, but from what I’ve seen so far it looks pretty good.

Mobile Apps

Finally there are a lot of mobile apps out there that claim to pay in altcoins. Like anything else out there, be wary of scams. If it sounds too good to be true, it probably is.

Mobile apps can potentially harvest a huge amount of data form your devices, including accounts and passwords. Make sure to do your due diligence and find information about the company and app before you download anything.

What Are You Waiting For?

Get out there and get yourself some cryptocurrency! While this won’t turn into rent money this month, it is still a fun way to get involved in the world of altcoins. Need a break from answering surveys or doing click tasks? Why not check your crypto faucets!

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