A BTC faucet is characterized by simple games, which earn players some free cryptocurrencies. Thus, it is unsurprising that the BTC faucet industry keeps growing and expanding.
The rewards claimed in BTC faucets are usually small. However, players can earn a substantial amount of cryptocurrency by being patient.
The History of Bitcoin Faucet
Gavin Andresen created the first bitcoin faucet in 2010. The developer aimed to increase bitcoin’s popularity and bring more users on board. Thus, it gave financially constrained individuals the ability to access digital currencies.
More so, people could learn about bitcoin without risking their money, which would have been the case in trading. The lack of exchanges also prompted the creation of the BTC faucet.
When the faucet was newly launched, people could claim 5 free bitcoins, equating to a million tokens in the digital space today. However, no bitcoin faucet can offer up to 5 BTC today because of the high market value.
How a BTC Faucet Works
Technically, faucets are not entirely free. Before users can claim bitcoin from a faucet platform, they must have dedicated some time to the tasks. You may encounter tasks like watching video ads, filling out the captcha, and completing surveys. Meanwhile, the faucet developers also earn from the tasks by gaining a certain amount of revenue per task completed by each user.
For instance, brands that advertise on the faucet platform often partner with the faucet developers. Thus, more online visitors clicking the links lead to more profit for the website.
Several bitcoin faucets also offer user incentives and perks. Online faucets can offer users multiple bonuses because no third party is involved in the transactions. This implies that no extra fees are added to transactions.
How to Claim BTC Faucet
There are several BTC faucets on the internet, but you must confirm which works best. Firstly, you should check for the authenticity of a website, which you can confirm by reading through reviews.
Reputable websites also provide gambling licenses on their web page. Since there are faucet scammers, you must be thorough in your research. Here are the steps to carry out to claim a BTC faucet.
Register On a Faucet Casino
With improved online technology, registering at a faucet casino has become easier.
You can sign up for your preferred website from anywhere in the world. However, you must ensure the faucet casino is legalized within your region. On the other hand, bitcoin is the most adopted among other cryptocurrencies, so you will rarely find a country that does not permit bitcoin faucet activities. After identifying the best faucet, you must register on the platform by providing an email and password.
Every user should avoid providing personal information or bank details on a website. A reliable bitcoin faucet casino will only request your login information. Select a password that a third party cannot easily guess.
Create a Mini Wallet Address
A customer’s claim is usually stored in a micro wallet, from which you can withdraw at will. You will be required to open a micro wallet while registering on a crypto faucet platform.
The micro wallet is similar to the main crypto wallets but only differs by storing a small number of bitcoins gathered. After this, they are then transferred into your main cryptocurrency wallet.
Withdrawing The Piled Free Coins
You must meet the platforms’ rules and regulations to claim a BTC faucet. As a result, you may want to check the terms and conditions on a website before playing the games. Some games may log you out if you do not finish the task within the specified time.
You should also bear in mind the withdrawal rules and timing. Some faucet casinos may allow you to withdraw several times daily, while others only allow you to withdraw between longer intervals. You must also confirm the minimum and maximum amount you can withdraw daily.
