With the boom in bitcoin’s popularity, many traditional investors started investing their fiat money in crypto but it is highly risky. Also, what if you don’t have any money to invest in? Or if you are a beginner and don’t want to risk your money.
In this guide, I am going to tell you about what is bitcoin faucet, how do you earn bitcoins from a faucet, what are the best highest paying bitcoin faucets, are crypto faucets worth it, but first thing first let’s start with what is a bitcoin faucet?
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Bitcoin faucets are usually websites or mobile apps that allow you to earn free bitcoin or a variety of cryptocurrency in exchange for doing simple tasks. These tasks include solving the captcha, playing games, viewing the advertisement, completing a survey, installing an app, and so on.
Back in 2010, the first bitcoin faucet was created by Gavin Andresen to grow the bitcoin community by giving away free bitcoins. Faucets are a great way of earning free bitcoin (satoshi) with just a few daily clicks.
This method is also risk-free as you don’t have to invest any money. The only drawback is that payouts are pretty low. Also Read: Buy Ripple (XRP) coins in 2020 step by step guide
Earn bitcoins from a faucet?
Earning bitcoin from a faucet is pretty simple and involves these simple steps.
Step 1: The first step is to get a bitcoin wallet where you will store all your coins. For bitcoin faucets, I would recommend Coinbase or Blockchain.com wallet as these are much easier to use and beginner-friendly or Sign up for a micropayment wallet which is specially created for faucets. You can use CoinPot to keep your earnings safe.
Step 2: Once you have your wallet, the next step is to create an account on a faucet. We need to create an account on multiple faucets in order to earn a handsome amount of satoshi (smallest unit of bitcoin).
Step 3: Now just login to these faucets daily and claim rewards completing a simple captcha. Usually, you need to complete these captchas after a small interval of time. This interval can be 5 mints, 30 mints, or even 1 hour for some websites.
You can watch this video to learn more details on how bitcoin faucets work.
What is a Micro wallet?
A Micro wallet is a multi-currency wallet that does not require any transaction fee to transfer coins. This lets you transfer your small earnings from faucets instantly, eliminating the risk of scams. Currently, there are two micro-wallets for faucets, Coinpot. You just have to connect your faucet account with a supported wallet CoinPot. Faucets supporting these wallets offer instant payouts.
Although there are many best bitcoin faucets that are not supported by these wallets it is a good practice to use only faucets supported by these two wallets as they are more secure and reliable in keeping your earnings safe.
Highest Paying Bitcoin Faucets
Now you know what is a bitcoin faucet, how to earn from a faucet. It’s time to find out what are the best highest paying bitcoin and crypto faucets. After several months of testing and reading user reviews, I came up with a bitcoin faucet list where you can invest your time.
When we make a list of highest paying bitcoin faucets working today, we cannot forget to include the name of Coinpayu because it is one of the best bitcoin faucets available today that lets you earn free bitcoin.
Coinpayu is basically a free rewards platform where you can earn bitcoin by viewing advertisements or doing offers. By viewing ads with Coinpayu, you can earn up to 10000 satoshis.
This bitcoin faucet also gives you the opportunity to earn Bitcoin from its affiliate program. By inviting new users, you can earn passive bitcoin income.
As we are talking about the highest paying Bitcoin Faucets, then there is another famous name Cointiply that should be considered one of them because, on its next-generation platform, you can win up to thousands of Satoshis on a daily basis. What you have to do to get free coins is to complete some given tasks and various other interactive activities and more free bitcoins will be in your possession. Till now, it has paid over $450,000 to its members.
It gives you various ways to earn thousands of bitcoin such as by completing offers, installing games, downloading apps, taking surveys, viewing websites for short periods of time, playing fun games, and playing the multiplier to multiply your Coins up to 61X.
Cointiply also gives you a golden opportunity to earn 25% commissions through its referral program and also a commission of 10% for your offer earnings. Moreover, when your coins reach 35,000 then you get 5% interest on your coin balance as well. Through its loyalty bonus program, you can boost your loyalty bonus to 100% by logging in on each day.
Bitcoin Aliens is a unique bitcoin faucet that is inclined more towards gaming and works a little bit different as compared to other Bitcoin faucets. It is available in the industry since the year 2014 and since its year of establishment, the Bitcoin Aliens games have given away over 1090 BTC (7+ million USD) to its over 2.5 million users.
This bitcoin faucet has different gaming mobile apps through which you earn free coins. You simply have to download and install the Bitcoin Aliens’ games from your Apple Store or Google Play Store and then play games. You can earn satoshis while playing the game. With Bitcoin Aliens, you can yield around 4300 satoshis per hour.
It would be unfair to not mention FreeBitcoin faucet here because it is also a big name included in the list of highest paying Bitcoin faucets of 2020. FreeBitcoin offers you to play games and gather as much free Bitcoins as you can.
FreeBitcoin offers simple games that you can play every hour and can earn up to $200 in free bitcoins every hour. For you to get more coins, it has built a simple HI-LO game with the help of math and cryptography. By playing this simple game, you can easily multiply your coins. You can earn up to $10,900 in BTC every month through its referral contest.
Moreover, you can earn a good annual interest of up to 4.08% whenever you deposit your bitcoin into your wallet of FreeBitcoins. You can also win big prizes from its weekly lottery as well as 50% referral commissions.
BTCClicks is considered as the industry’s most reputable, successful, and legit bitcoin faucet. It has been around in the industry since the year 2013 and has gained the trust of people. By watching video ads and performing several other activities, you can earn a lot of satoshis.
Earning free bitcoins is very easy on this platform. You can earn up to 0.00028 mBTC per click or per ad watched. Not only this, but it also offers you to get a high referral/affiliate commission ranging from 40% to 80%. If you want a reliable and legitimate bitcoin faucet, then BTCClicks is the right choice for you.
If you want to earn and accumulate free bitcoins in an easy and quick way, then you should give a try to the AdBTC website. It allows you to get free bitcoins online by viewing web pages. Every click that you make can get you a handsome amount of 200 satoshis.
Like other bitcoin faucets, it also has an affiliate or referral program. This affiliate program offered by the website has been arranged for you so that you can earn a good commission ranging from 5%-10%. At AdBTC, it is possible to get around 1000 satoshis daily.
Bitcoin faucet instant payout
Those who have a great passion for gaming and love to play games, then the BitFun Bitcoin faucet website is perfect for them because it is one of the best and highest paying bitcoin faucets. You can play games and have fun meanwhile you can earn a lot of free bitcoins.
One can claim free bitcoins by playing games, viewing fun offers, and rolling the dices. You can earn big money by completing surveys, offers, and other free promotions. As BitFun is integrated with CoinPot, therefore all of your earnings go directly into your account of CoinPot. The minimum withdrawal amount is 10,000 satoshi and it can be made at any time.
Bonus Bitcoin is the best bitcoin faucet instant payout that is completely free and pays out up to 5,000 satoshis every 15 minutes. Its’s popularity has grown up with the passage of time. Out of all bitcoin faucets, instant payouts of Bonus Bitcoin are comparatively high.
Bonus Bitcoin also gives you the opportunity to get a 50% commission simply by inviting your friends and colleagues and asking them to sign up by using your referral link. On the Bonus Bitcoin faucet, you get all of your payments through a CoinPot account because it is also integrated with CoinPot.
9- Moon Bitcoin
Moon Bitcoin is the most famous bitcoin faucet in the whole list of bitcoin faucet instant payouts 2020. It is a free bitcoin faucet with a difference and is very well-known in the industry due to its high and consistent payouts.
Whereas other faucets allow you to claim free coins once per hour or once per day this unique bitcoin faucet gives you the opportunity to decide how often you want to claim. You can claim as often you want or as little as you like. Moon Bitcoin has several bonus programs for you such as the daily loyalty bonus, the offer bonus, and mystery bonus programs through which you can get benefits and earn up to 500%.
Another free and popular bitcoin faucet available in the market is Allcoins.pw. It helps you to earn some crypto while playing some crypto games and many other things. This website is really nice for those who love to use crypto.
Allcoins.pw also gives you the opportunity to exchange your crypto as well to other currencies. Apart from this, you get the facility of two different withdrawal methods which are FaucetHub and Regular Wallet.
Popular crypto faucets
Here are some of the other popular crypto faucets of 2020 that you should know.
11- Moon Dogecoin
Moon Dogecoin is a free dogecoin faucet with a difference like Moon Bitcoin that allows you to earn coins and claim as often as you like.
12- Moon Litecoin
It is a famous Litecoin faucet that is completely free and lets you earn as many free coins as you want.
It has been established and officially launched in October 2017. You earn free Ripple every hour by playing a very simple game and all of the free coins that you earn on this faucet are paid to you in Ripple (XRP).
14- Moon Cash
Another popular, unique, and different crypto faucet for earning free Bitcoin cash coins is Moon Cash. This crypto faucet honors its users.
It is completely free of charge crypto faucet that distributes Litecoin cryptocurrency every hour at the currency exchange rate at the time of circulation and allows users to earn free Litecoin every 5 minutes.
16- Moon Dash
It allows you to claim a lot of free coins in minutes and also it uses CoinPot for instant payment of your earnings.
Everyone wants to earn some free satoshis or bitcoin and Bitcoin faucet is the best way to do it. In my review, I have shared all the related details about Bitcoin faucet for your clear understanding. I have also listed the industry’s most famous, best, and highest paying bitcoin faucets. You can choose one of the highlighted bitcoin and crypto faucets and can earn free coins.