Best Bitcoin Faucets To Earn Free Bitcoin

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1 Introduction

Bitcoin has gained a lot of interest after the massive bull run of Dec 2017 when Bitcoin has made a new all-time high of $19,760. Many people bought Bitcoin at the time and hold in the hope that the price will go much higher.

However, everyone is not able to but Bitcoin because of some geographical problems and financial problems.

Bitcoin Faucets are the website that pays a very small amount of Bitcoins (Satoshis) every few minutes. Faucets websites are a great way to start in the Bitcoin blockchain space for newcomers.

In this article, we talk about what are Bitcoin faucets? How much you can earn from Bitcoin faucets?

List Of Contents:

  • What are Bitcoin Faucets?
  • How Bitcoin Faucets Websites Pay Users Free Bitcoin?
  • Important Thing to Know about Bitcoin Faucets
  • Best Bitcoin Faucets
  • Advantages of Bitcoin Faucets
  • Disadvantages of Bitcoin Faucets
  • Conclusion

2 What Are Bitcoin Faucets?

What Are Bitcoin Faucets?

Bitcoin faucets are websites that generate very small rewards for users who complete small micro-tasks. Users need to solve the captcha or simple microtask to earn the reward. The reward is in satoshis (fraction of Bitcoin).

Here is the simplest chart of Bitcoin breakdown:

The first question in everyone mind is how the websites able to give free Bitcoin(satoshis)? How much I can earn from Bitcoin Faucets?

The answer for the first question is simple, Faucets website gets a lot of traffic and put many ads on the websites. The faucets websites are able to cover all the expenditures and make handsome money.

In order to collect payments from the faucets websites, the user needs a Bitcoin wallet or cryptocurrency wallet that supports Bitcoin micropayments. Check the most trusted Bitcoin wallets.

Bitcoin faucets websites have a minimum limit to withdraw into your wallet. The withdraw limit is different for each faucets website.

There are a lot of Bitcoin faucets website present at that time but we will only discuss the top 6 bitcoin faucets website to earn free Bitcoin.

3 How Bitcoin Faucets Websites Pay Users Free Bitcoin?

Now you all know that bitcoin faucets websites allow users to claim a very small amount of bitcoin (satoshis) in every few hours, the questions arise is how faucets websites pay their users without any investment and what is the source of income for faucet websites?

Bitcoin faucets websites generate revenue from ads and multiple games on websites. The main source of income for most websites is advertisements, they allow other websites to promote their business on their faucet website. Faucet website allows users to claim free bitcoin (money) so they can easily get good traffic from worldwide that is enough to generate income from ads and pay to users.

There are many other ways to generate income from users. Most of the faucet website allows multiply and gambling games on their websites. The faucet websites claim that the games are probably fair and everyone has the same probability of winning according to the odds selected. Research shows 90% of the users play these multiply and gambling games and only 5% of the users win and the rest of the others will lose. Faucets websites take the money from losers and give it to the winners and in between fill their pockets.

Another way to generate good income is online surveys. Some faucets websites offer survey walls on their website and give users a small amount for completion of the surveys. The survey website asks about user’s personal information and email address and then start sending promotional email about products that match the user’s interests.

4 Important things to know about Bitcoin faucets before start claiming:

Faucets website can change the minimum payout and per claim rewards any time, So before start earning from a faucets website always look at the following things:

Claim Amount: How much satoshis per claim

Timer: The wait between two claims

Minimum Withdraw Limit: What is the minimum amount of Bitcoin (Satoshis) you need to collect before withdraw

Referral Commission: How much commission you get on introducing new members

5 6 Best Bitcoin Faucets to Earn Free Bitcoin

  • Cointiply
  • Bonus Bitcoin
  • FreeBitco.in
  • MoonBitcoin
  • Bitcoinker
  • BitFun

Cointiply

Cointiply becomes the king of the faucets sites. Cointiply started in early 2018 and growing massively. Cointiply provides a good user interface and allows users to earn from multiple methods. The Cointiply faucet allows users to claim 200 satoshis every 60 minutes.

Claim Amount: 20 to 200 Satoshis

Claim Time: Every 60 Minutes

Referral Commission: Upto 25% of your referral earning

Except for faucets Cointiply has other earning methods also. Different earning methods available on Cointiply are:

  • Watch Videos
  • Offer wall
  • Surveys
  • Pay per click ads
  • Games
  • Referral
  • Multiplier

For those who are looking to try their luck, there is a multiplier game available on Cointilply.

There are two withdrawal methods available on Cointiply: Faucethub and DIrect into your Bitcoin wallet.

The minimum amount to withdraw into the Faucethub wallet (a micropayment wallet) is 35,000 satoshis and the minimum amount to withdraw the amount directly into your Bitcoin wallet is 100,000 satoshis.

BounsBitcoin

BounsBitcoin is the one the oldest Bitcoin faucet website. The website is upgraded many times during the time period. The website faucets allow users to claim every 15 minutes. The average claiming amount now is 2 satoshis, but users can claim up to 5,000 satoshis per roll.

Claim Amount: Upto 5000 satoshis (Average 2 satoshis)

Claim Time: Every 15 Minutes

Referral Commission: 50% of your referral earning

BounsBitcoin gives withdrawal in CoinPot Accounts (a micropayments Bitcoin wallet). CoinPot has many issues in the past but they are solved with time. The minimum withdraws limit at CoinPot is 10,000 satoshi (need to pay the transactions fee) and 50,000 satoshis (without any fee).

BounsBitcoin also has multiple earning methods like surveys, Dice game and multiplier.

FreeBitco.in

FreeBitco.in is very well known as for the Hi-Low game. Some people say that this is a gambling website. However, the website is a very good Bitcoin faucet to earn free Bitcoin.

Claim Amount: Upto $200 (Average $0.005)

Claim Time: Every 60 Minutes

Referral Commission: 50% of your referral earning

Freebitco.in is very good faucet website for beginners and give instant withdrawal and weekly withdrawal. The minimum withdrawal limit is 30,000 satoshis. The website gives users a chance to win up to $200 per roll (every 60 minutes). There are other methods of increasing earnings like multiplier game known as Hi-Low Game, lottery tickets and betting.

MoonBitcoin

MoonBitcoin has been in the crypto space since 2015. The bitcoin faucets title line is “Moon Bitcoin is a bitcoin faucet with a difference…YOU decide how often to claim!”

Claim Amount: Average 2 satoshis

Claim Time: Every 5 Minutes

Referral Commission: 50% of your referral earning

The Bitcoin faucet allows users to claim every 5 minutes. The average claim every 5 minutes is 2 satoshis.

MoonBitcoin wallets are connected to CoinPot. CoinPot has a minimum limit to withdraw limit of 10,000 satoshis (need to pay the fee) and 50,000 satoshis without a fee.

Bitcoinker

Bitcoinker faucet gives users a chance to win 100,000 satoshis every 5 minutes. The faucet website sends the withdraw directly to your Bitcoin wallet.

Claim Amount: Upto 100,000 satoshis (Average 7 satoshis)

Claim Time: Every 5 Minutes

Referral Commission: Upto 25% of your referral earning

The minimum limit for withdrawal is 20,000 satoshis and payouts will be sent every Sunday.

BitFun

BitFun is very good Bitcoin faucet for gaming lover. The faucet website gives free Bitcoin for playing games.

Claim Amount: Average 6 Satoshis

Claim Time: Every 3 Minutes

Referral Commission: Upto 25% of your referral earning

BitFun allows users to earn from completing surveys, playing games and multiply the earning by dice game. BitFun gives payment into CoinPot Wallet. The minimum withdrawal limit is 10,000 satoshis.

6 Advantages of Bitcoin Faucets

Bitcoin faucets are very useful for newcomers. As a beginner, this is not very easy to start investing with cryptocurrencies. Here are a few advantages of Bitcoin faucets:

Easy To Use

Bitcoin faucets are very easy to use. You just need to enter the website URL and create an account with email. Now you can access all the features of the faucet website. The website user interface is very simple and the user can easily understand what he needs to do next to claim free bitcoin.

Anyone without any advance technological knowledge can create an account on the Bitcoin faucet website. This is as simple as creating a facebook account and adding new friends.

Earn Free Bitcoin

This is the main advantage of Bitcoin faucets. All bitcoin faucet website allows users to claim a little amount of Bitcoin. Users can transfer the Bitcoin to their wallet or use the Bitcoin to pay their phone bills. If you are a student and have a good number of referrals then you can easily cover your monthly expenses.

Experience How Bitcoin and Blockchain Works

Bitcoin faucets allow users to claim free bitcoins and take them to their wallets. Users can experience how a bitcoin transaction works and how much time it takes for confirmation. So you can see what happens when you transfer Bitcoin to someone without spending much money.

This is very important to understand the working of Bitcoin and blockchain before investing big amounts. Users can also learn how to make a bitcoin transaction from the faucets website.

7 Disadvantages of Bitcoin Faucets

Time Consuming

Bitcoin faucets give you free bitcoin but in return takes a lot of time. Users need to invest a lot of time to claim free bitcoins on the faucet websites. It takes serval days to reach the minimum withdrawal threshold limit. Some faucets websites also take 2-5 days to process the withdrawal. Faucets website are a good source to start and learn about bitcoin and cryptocurrencies but will not become a passive income source.

Fake Websites

There are thousands of faucets websites available on the internet. Only a few of them are legit and pay their users. Many bitcoin faucets websites force users to bring referrals to their system before processing their withdrawals. There are some faucets websites that ask for little investment or fees to verify the withdrawals. We recommend users not to fall in these traps and only use those websites that pay on time without any external efforts. Users should read multiple reviews of the faucets websites before start claiming free bitcoin.

Too Many Ads

Bitcoin faucets website generate revenue from various ad networks. When you open a faucet website you may notice there are multiple ads placed on the website. Sometimes the ads are very annoying and open multiple tabs on the user’s browsers. The ads are delivered by multiple ad networks and some of them put adult and harmful ads on the faucet websites. The ads contain various javascript codes that open multiple windows and can steal user information without permissions. Freebitco.in bitcoin faucet website has no ads and offers a very user-friendly interface.

May Inject Harmful Files in Your System

As we have discussed above bitcoin faucets websites offer too many ads, some of the ads codes may contain some harmful malware that will damage your system or steal personal information. The ads codes may include trojan horses software that will run in the background without users permissions and will track all the activities of the user.

8 Conclusion

We have covered almost all popular and paying Bitcoin faucet websites. It takes a little time to accumulate sufficient satoshis to transfer that into your wallet, ensure that you are using the best secure wallet to store your Bitcoin. Check here the best hardware wallets to store Bitcoin and Best Privacy wallets to secure your Bitcoin Privacy.

Faucets websites are easy to understand and not need any technical knowledge. This is the safest option (needs a lot of efforts and time) to acquire Bitcoin and famous cryptocurrencies because you did not need to invest anything. Please do your research before start earning from a Bitcoin faucet as some of them are scams and not worthy.

If you are using a Bitcoin faucet that is not mentioned in the post please let us know in the comments.