Whats is Bitcoin Faucet?

Bitcoin faucet is a reward system, in the form of a web site or online apps, that give away free Bitcoin in the form of a Satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for complete a captcha or task as described by the web site. There are also other faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various intervals of time. Bitcoin faucets usually give away fractions of a Bitcoin, but the amount will typically fluctuate according to the value of Bitcoin.

Bitcoin Faucet is a great way to help introduce new people to Bitcoin, or to your favourite cryptocurrency. Many faucets provide information to newbies as well as offering them some free satoshi so that they can try before they buy, experimenting with a test transaction before put real money on the road. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

It is important to note that faucets are not a get rich quick scheme, as the reward amounts are typically quite small and change according on the value of BTC/USD at any given time. Because of this, many users who join a Bitcoin faucet allow their total earnings to build up over time until they are ready to have a larger payment sent to their wallet. Typically, users get involved with faucets because they have a desire to understand more about the bitcoin niche and are excited at the prospect of earning free bitcoins. It’s also a no stress, no-risk way to get started in the crypto industry without have to spend any of your own money on high risk investments.