Introduction
The current rise in the prices of Bitcoin, and other cryptocurrencies invigorated the cryptomarket, and send investors and traders, big or small into a buying and selling frenzy. Even those who have no prior experience or knowledge wanted in to the lucrative cryptomarket. For those who have the money to spend, this is not a problem since they could just buy cryptos and start trading. Those who have no extra money to spend on the other hand needed to look for alternatives.
Crypto Faucets
What are crypto faucets?
Crypto faucets are a way to earn some cryptocurrencies without the need to mine or buy. Some websites or dapps focusing on cryptocurrencies offer the ability to claim a tiny drop of cryptos every 5 minutes or hour. This is called a faucet. As long as users are logged in to said websites, they could claim a certain amount of cryptocurrencies, for example, satoshi (BTC) after a period of time, for free. A good example of a legit paying faucet is Freebitco.in.
Will I Become Rich If I use a Faucet?
Well no, but also yes. Technically, it’s possible to become rich by joining a crypto faucet. But becoming rich by simply claiming faucet every 5 minutes or an hour is impossible. The reason I said it’s technically possible is because these crypto websites doesn’t just offer faucet claiming, they also offer other services like lottery, betting, hi-low game, and referrals. For example, if a user is very lucky and win the jackpot in the lottery, then that user would earn a ton of money. Same goes for betting and hi-low game. But all aforementioned methods rely greatly on luck, and it’ll only happen if said user is extremely lucky at gambling.
The last method, referral program, is probably the most likely method that will work since it doesn’t rely too much on luck but social skills, marketing, and wit. One could earn a lot through referrals. If a person is really good at convincing people, he or she could potentially earn a lot in faucets or similar websites.
How?
When a faucet user gave his referral link to someone and that someone uses that link to register and claim faucets; the person who gave the referral would earn a certain percentage of what his or her referral earned. So if one could invite a ton of people and those people are active, that person would be able to earn a lot of passive income by just inviting. But for this method to work effectively, one needed to have great marketing skills.
Freebitco.in
There are countless of faucets out there but the one that I would recommend would be Freebitco.in. The reason I think so highly of this faucet is because it’s one of the longest faucet out there which makes it legit and paying. Another reason why I recommend this website is because it is less annoying and intrusive faucet out there. The reason for this is because unlike other faucets, it would not smack ads on your face as you claim your crypto. Most faucets get their income through advertisements, which is why they would be peppered by adverts the moment they enter the website. Although understandable, it doesn’t change the fact that it is annoying.
How to Earn At Freebitco.in?
Earning at Freebitco.in is very easy and straightforward. Every hour the user would be able to claim a certain amount of Satoshi (the smallest unit of Bitcoin). The Satoshi that one could claim depends largely on the current price of Bitcoin; the higher the price of Bitcoin, the smaller the Satoshi that one could claim and vice-versa.
HI-LO, is another method to earn Satoshi. Hi-lo is a game where the user would bet certain amount of Satoshi and then guess if the number that would appear after clicking “start” is high or low. Playing HI-LO is a gamble and most of the time works on the “house’s “favor. Unless one is really lucky or good at guessing, the player would likely lose more than they win. Of course, that is not to say that there’s no advantage in playing hi-lo. In Freebitco.in, HI-LO could also affect the amount of Satoshi that a user could claim every hour. If one spend enough Satoshi in hi-lo, they would receive a bonus that would increase the amount that they could claim.
But be warned, you need to spend a lot of Satoshi to get said bonus. And when I said a lot, I mean A LOT. One might even end up using every Satoshi that was saved up for a very long time on his BTC wallet and would still be unable to unlock the bonus I mentioned. That’s just how risky HI-LO is.
Lottery and betting are two methods that could potentially allow a user to earn a lot of money. But like real life lottery and betting, a lot of luck is needed in order to win. To join the lottery, one must have lottery tickets that could be earned through claiming the hourly token, free spin, referrals, or buying with Satoshi. As for betting, one could just bet using Satoshi.
Reward Points (RP) are earned alongside the Satoshi during the hourly faucet claim. Reward Points have the same value as Satoshi in Freebitco.in. One could even exchange 100k RP for 100K Satoshi. Aside from that, Reward Points could also be exchanged for other things like the latest iPhone. But one needs tens of millions of RP for that.
Referrals are very common in faucets and Freebitco.in is no different. For most faucets users, referrals are the fastest way to earn Satoshi. It could even be a stable source of income if one is really good at marketing. In Freebitco.in, referrals would allow the user to get a percentage of his referrals’ earnings; Satoshi, Reward Points, and even lottery tickets. And if one’s referrals also play HI-LO, the user would also get a small percentage of the Satoshi that their referrals won or lost. Lastly, the number of active referrals could also affect the amount of Satoshi that one could claim every hour.
BTC Wallet
The BTC wallet in Freebitco.in does not only serve as a wallet to store the Satoshi that one has earned. It could also allow the users to earn interest. Yes, you hear it right. One could also earn interest by simply storing the Satoshi earned through claiming, gambling, referrals, etc. Freebitco.in allows its users who have 30k or more Satoshi in their wallets to earn 4.06% annually. The more Satoshi has the more he or she would earn through the interest.
To get more Satoshi, one could use any of the methods stated above. But aside from that, it’s also possible to deposit Satoshi to the wallets using other BTC wallets. In other words, if one has extra Bitcoin stored somewhere; they could deposit that Bitcoin to their Freebitco.in wallet to earn some interest. What’s more, the Bitcoin that they deposited could also be withdrawn at any time if one changes one’s mind.
Conclusion
Crypto-based faucets are one method that anyone interested in joining the crypto-market could use to earn cryptocurrencies without needing to invest real money or fiat. For me it is a good starting point to study how the market works before delving deeper into cryptocurrency trading. Since one could use the cryptos earned through claiming faucets to experiment, it wouldn’t be that painful even if one loses all of their funds during trades. Aside from that, faucets could also serve as a potential source of stable income if one plays smartly.
Website: Freebitco.in
My Referral: https://freebitco.in/?r=9885993