Faucets are websites that give users cryptocurrencies such as Bitcoin, Litecoin, or Dogecoin without any real return.
What Does Faucet Mean?
The term “Faucet” means as much as “tap”. The name comes from the fact that the platforms distribute coins in drops, i.e. only in small or very small quantities. Faucets are financed by advertising and share the advertising revenue among the users. To protect themselves from bots, users of most crypto faucets must first solve a captcha.
Especially in the early days of cryptocurrencies, many crypto enthusiasts earned Satoshis through Bitcoin faucets. The idea behind this approach is, among other things, to increase crypto acceptance and strengthen the market.
How much Money Can You Earn on a Bitcoin Faucet?
The process in which a user solves the captcha on a crypto faucet is called claiming. Per claim, users receive the equivalent of up to half a cent. However, since users receive the money in cryptocurrency, a maximum of 25 Satoshis would currently be possible. In the past, you could get several thousand Satoshi with a single claim per hour on faucets, as Bitcoin was trading at a much lower price level.