Earning Free Bitcoin with Faucets
What is a Bitcoin Faucet?
Picture a sink faucet with a drip. Over time that sink will fill up with water. A Bitcoin faucet is a website that gives you small amounts of free bitcoin in exchange for completing shorts tasks that adds up over time.
These tasks are actions that make money for the website from referrals, whether filling out surveys, watching ads, or playing games. Some even just allow you to spin once an hour (or every 15 minutes) for free Satoshis. The best Bitcoin faucets maximize payout with little time investment and difficulty.
The reward may seem small, but don’t worry, Bitcoin is designed to appreciate in value, making those small pieces worth a lot more down the road. Some early bitcoin faucet users became very rich just by saving a few dollars worth of Bitcoin, and that has grown in value CONSIDERABLY over time.
Cryptocurrency Faucets in 2021
Bitcoin faucets were originally created to spread the adoption of Bitcoin around the Internet. The first Bitcoin faucet was set dispense 5 whole Bitcoins to each user, which as of mid January 2021 would be worth $200,000!
Over time faucets have become more business-centered in the way they make and dispense money. Most modern Bitcoin faucets are sites that dispense a small amount of Bitcoin to users every few minutes while making money from displaying ads to these users. So while it may make the sites seem a bit “spammy” that is actually how they can afford to give you free crypto currency, which I think is a fair enough trade-off.
Best Bitcoin Faucets
As part of my journey to financial freedom, I set out to create as many passive income streams as possible. Free Bitcoin faucets are a great way to spend a small amount of time for large potential profits.
These are the main Bitcoin Faucets that I personally use each day to earn free Bitcoin. I know these sites to be legit, and have gotten payouts from all of them.
This is a perfect people who spend a lot of time at home, or are on the computer and want to easily make some Bitcoin. I work on the computer all day and just keep my tabs open, rolling each site once per hour and doing surveys or watching ads when I feel like it.
Cointiply is one of the more popular bitcoin faucets, which is not surprising, given that it has some of the highest payouts. I personally make about $10 in free Bitcoin per week with daily faucets, PTC (Pay to Click) Ads, and completing surveys while I watch Netflix in the evenings.
You can spin the faucet once an hour, but what I love about this site is how many different ways there are to earn. In addition to surveys, Cointiply provides opportunities to users to earn by accepting offer walls. This may mean downloading an app or signing up for free trials and contests.
Cointiply gives tons of bonuses for logging in every day and completing tasks. Overall, it is one of the best and most feature-rich Bitcoin faucets around.
FreeBitcoin was established in mid 2018, which is when I signed up – my very first Bitcoin faucet. Each hour you can spin to earn Satoshis, with a chance of winning up to $200 for the top tier, and less for each tier down.
Withdrawals can be done once you reach $1 worth of Bitcoin and they are sent directly to your own Bitcoin wallet. You also have the option to use the FreeBitcoin wallet that pays you 4.08% interest daily once you have at least 30,000 Satoshi in there, which is what I do.
A newer feature they have is the daily Wheel of Fortune, which has fantastic prizes such as $15,000 in BTC, an iPhone 12, $500 Amazon gift cards, and more. Last week I landed on 5,000 Satoshis twice, which was awesome.
All in all, I love FreeBitcoin and have been faithfully spinning every day for over two years now. In that time I have made A LOT in free spins and interest, and plan to keep growing my stack. I transfer my Satoshis from all my other Bitcoin Faucets to this wallet to earn interest. Highly recommend.
Get-Bitcoin is a bitcoin faucet that pays out up to 50 Satoshi every 15 minutes. Also, at the end of each day you receive an automatic 15% bonus added to your current account balance – provided you made at least one faucet claim during the previous day.
They also offer a very generous referral program. Ask your friends and colleagues to sign up using your referral link and receive 50% commission from every claim that they make from the faucet.
The minimum withdrawal amount on Get-Bitcoin is 20,000 Satoshi and they offer completely free withdrawals.
Honeygain is a truly passive earning opportunity. This website offers a program for Windows and macOS or an app for Android and iOS to share your unused internet bandwidth, earning money in return.
Honeygain gives you the option of being paid in Bitcoin (no fee) or directly to your PayPal in cash. Payout when you reach $20.
The App is easy to install, doesn’t slow down your computer and requires zero work to earn. Just install it and forget it. You can also check the Honey Pot for daily bonuses if you choose.
They also have a generous referral program, a great way to earn even more passive income. $5 per referral, up to $100.
Use Promo Code: FORUMBEE for a free $5 when you sign up.
Are all Free Bitcoin Faucets Legit?
There are many faucets, games and sites claiming to give away free cryptocurrency, and while many are legit, some are not. You will see many adds for different sites, so just remember to look into these five points whenever signing up to a new program.
1. Claim amount – How many Satoshis do you get per claim?
2. Timer – How long do you need to wait between claims?
3. Minimum withdraw – What is the minimum amount you need to earn to withdraw your balance?
4. Withdrawal method – Are payments done directly, or through a micropayment wallet?
5. Referral fee – What’s the fee you get for referring new users to the faucet?