With Bitcoin having already carved out its majority share of the blockchain market cap, purchasing BTC is generally a person’s introduction into cryptocurrency.
However, not everyone is comfortable purchasing Bitcoin or other cryptocurrencies on an exchange. And, for some, depending on their geographic location, they might not have access to an exchange at all.
Cue Bitcoin faucets, a straightforward and free way for those looking to become involved in cryptocurrency to accumulate a stack of free Bitcoin. They are a great way for newcomers to “dip their blockchain beak,” by getting a taste of what it’s like to manage a wallet and transact with BTC.
In this article, we’re going to walk you through what Bitcoin faucets are, the best Bitcoin wallets in today’s crypto-sphere, and what to look out for when choosing one.
Disclaimer: Keep in mind that this piece should not be construed as investment advice, as it’s merely an introductory guide for persons looking to accumulate their first bit of Bitcoin.
What Are Bitcoin Faucets?
At its simplest, Bitcoin faucets are applications or websites which generate rewards for users who complete various micro-tasks. Think of it as an automated bounty-hunting mechanism, whereupon completion of a simple task or captcha rewards users are rewarded with a set amount of Satoshis (one-hundred-millionth of a Bitcoin).
For reference, below is a chart breaking down a Satoshi’s equivalent in BTC.
You’re probably wondering, “How are Bitcoin faucets able to give away free Satoshis?”
The answer is simple — ad revenue. Most of these Bitcoin faucet sites and applications host numerous advertisements (pay-per-impression, pay-per-click, etc.), so they are able to offset their expenditures that way.
In order to receive Satoshis from a Bitcoin faucet, a user will first have to create and manage a cryptocurrency wallet or microwallet (a version of traditional Bitcoin wallets which authorizes users to collect small amounts of BTC before transferring them out).
From there, they will need to generate a BTC address, and then have the rewards directed to their wallet. Don’t worry, most faucets and sites allow you to accumulate a set amount of Satoshis on their platform before having to create a wallet.
Keep in mind that because Bitcoin faucet payouts are miniscule, it will generally take some time before you accumulate holdings large enough to withdraw and transfer which aren’t canceled out by transaction fees.
It’s also worth noting that most microwallets do have a limit of between 5,000 and 10,000 Satoshis before it transfers holdings to the user’s primary Bitcoin wallet.
Alright, now let’s get into it. Below are 5 of the best Bitcoin faucets for getting free Bitcoins and Satoshis.
5 Best Bitcoin Faucets for Getting Free Bitcoins and Satoshis
When it comes to Bitcoin faucets, Cointiply is a no-brainer, and it usually comes in at the top of most “Best Bitcoin Faucet” lists due to its huge payouts and availability of tasks for earning Satoshis.
What appeals to their 350,000+ users is each user’s chance to win up to 100,000 Satoshis with every faucet spin (all spins also generate a bonus any time a prime number is rolled). Cointiply also offers tasks such as visiting webpages, watching videos, installing apps, and more.
Cointiply also offers a loyalty bonus of 1% per day, and up to 100% for every day a user makes a claim, making it an attractive option for novices and enthusiasts looking for a faucet to use for an extended period of time.
And you don’t even need a Bitcoin address to sign up for Cointiply, as you can later add it when you cash out, meaning you can get started right away and hit the ground running earning BTC rewards.
Finally, Cointiply has a referral system in place, where users can earn up to 25% of a friend’s earnings for life. Note that Cointiply is still in Beta, but has paid out over 85 BTC in its tenure.
For Bitcoin enthusiasts seeking instant withdrawals with a low minimum threshold (USD $1), look no further than FreeBitcoin.io.
FreeBitcoin.io supports over 94,000 registered users and has dished out a whopping 142 Bitcoin since its inception. That’s quite a user base, considering they only officially launched in June 2018, so rest assured you’re in good hands. Furthermore, it offers users the potential to win up to USD $300 in BTC per hour.
While it doesn’t boast a plethora of games for HODL’ers to choose from, FreeBitcoin.io is an attractive option for persons looking for a straightforward way to earn Satoshis — through the roll of a dice.
All a user needs to do is click “roll,” and they will be rewarded with a payout ranging anywhere from USD $.0003 to $300. It also boasts a generous referral program, where users get to keep up to 50% of whatever their friends earn. And that’s not all… for referring friends, you’ll be rewarded with weekly tickets to their lottery draw.
When signing up with FreeBitcoin.io, they recommend getting a BTC wallet with Blockchain.info — one of the major cryptocurrency wallets in the blockchain wallet-sphere.
3. Moon Bitcoin
Touting itself as a “Bitcoin faucet with a difference,” Moon Bitcoin allows users looking to score some Satoshis the option to decide how often they’d like to claim their rewards.
While most Bitcoin faucets only authorize users to claim Satoshis every hour, or once per day, Moon Bitcoin goes above and beyond (“to the moon” some might say), sanctioning Bitcoin enthusiasts to claim rewards as often or as little as they like.
For users to receive rewards, they’ll need to create a cryptocurrency microwallet with CoinPot, which is the respective wallet where Moon Bitcoin rewards are transferred to.
Keep in mind what we mentioned above about how ad revenue propels and keeps Bitcoin faucet websites and apps alive, so if you’ve blocked advertisements (or they aren’t showing up in your browser), then Moon Bitcoin will prevent you from making a faucet claim.
4. Satoshi Quiz
For the “brainiacs” out there who are looking to put their random trivia knowledge to use, and participate in a “Who Wants to Be a Millionaire” styled game, consider checking out Satoshi Quiz. In return for answering a timed quiz (in order to prevent contestants from consulting Google), users are rewarded with Satoshis.
Most questions pay around 100 Satoshis, with the timer for each lasting 60 seconds. So, that works out to about 6,000 Satoshis per hour, depending on the questions.
Bitcoin payments are processed every week (on Sunday), with a minimum withdrawal of 11,000 Satoshis permitted.
5. Bitcoin Aliens
Bitcoin Aliens has been around since 2014 and boasts one of the highest payout averages for Satoshis in the Bitcoin faucet-space, at over 4,000 Satoshis per hour. In its tenure, Bitcoin Aliens has given away nearly 1,100 BTC (the equivalent of over US $4 million, at the time of writing).
And, the best part about Bitcoin Aliens? Unlike other Bitcoin faucets, where you have to complete monotonous and tedious micro tasks, Bitcoin Aliens spruces up the reward process through an interactive mobile game where users kill aliens and are in turn rewarded with Satoshis.
Essentially, Bitcoin Aliens rewards you for playing a game, something that sure beats having to fill out time-consuming surveys or solve captchas.
Furthermore, the BitcoinAliens.com website boasts several other apps for iOS and Android, including Alien Run, a unique running game where users earn rewards for completing various unique running levels.
While it may take some time for you to accumulate enough Satoshis to transfer out of your microwallet and ultimately withdraw, once you do so, we strongly recommend moving your BTC holdings to cold storage.
Bitcoin faucets are a great introduction to the world of BTC and cryptocurrencies, as they carry no initial capital investment or prior knowledge of transacting with cryptocurrencies. However, it’s important you do approach Bitcoin faucets with some degree of research, as not all of them generate “juice” that’s worth the squeeze, which could result in lost time and effort (after all, those micro tasks can add up).
But if you’re curious about 5 of the best Bitcoin faucets to get free Bitcoin and Satoshis, look no further. We’ve got you covered.
If you think we’ve missed any Bitcoin faucets or use one that you find to be particularly good and reliable, let us know in the comments!