What is a Bitcoin Faucet?
Bitcoin faucet is a reward system in the form of a website or app that releases rewards in the form of a Satoshi, afraction of a bitcoin after completing a survey, watching an ad or doing a captcha.
The amount will typically fluctuate according to the value of bitcoin. Some faucets have random large rewards. Usually, after about 5 to 60 minutes,
you will be required to insert a code that verifies that you are not a robot (usually written as a captcha) and you will gain your reward.
Faucets are a great way to introduce new people to bitcoins or altcoins. The majority of the faucets provide information to new users and offer them some free coins to “try before they buy,” or experiment with a test transaction before putting real money on the line. In general, this is a beneficial way to promote digital currency and bring in new users.
There are a lot of bitcoin faucet sites today, so it’s a very competitive market. Faucets earn from advertising to cover the cost of the coins it gives away. To make bitcoin faucets more profitable, you can add content and create unique and interesting stuff.
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