The Bitcoin craze continues, as more and more people are becoming interested in “digital gold.” The main problem is that many are doubtful about spending their fiat money on BTC as they are still not certain whether it’s worth it.
But what if there’s a way to get Bitcoin without paying for it? It is quite possible if you use Bitcoin faucets like Duckdice.io, which allows you to get free BTC by simply playing a tic-tac-toe game with another user! The company also offers an online game platform called Tower.bet, where you can get Bitcoin bonuses and spend your earned BTC or other digital coins from the extensive list of accepted cryptocurrencies.
So what are Bitcoin faucets exactly? In this article, we’ll explain the concept of faucets and list some popular options for people looking to obtain the popular cryptocurrency that has increased in price drastically during parts of 2022.
What Are Bitcoin Faucets?
Simply put, Bitcoin faucets give your free BTC. Truth be told, most of them offer their prizes in Satoshis, the smallest unit of BTC. A single Satoshi is equal to 0.00000001 Bitcoin. In other words, it’s the smallest unit of the eight decimal points of Bitcoin. Therefore, if you see a site with a faucet offering of, say, 13 Satoshis, you’ll effectively earn 0.00000013 BTC. Even at the current price of BTC, which is over $48K, a Satoshi is still a pretty small unit. According to converters, 1 Satoshi = $0.00051.
The point is, you’ll receive a micro amount if you use a Bitcoin faucet. The good news is that you can use it more than once. As a matter of fact, faucets offer BTC prizes in regular time intervals.
At this point, you’re probably wondering why a site would give BTC for free. Some of the first faucets had a goal to make Bitcoin more popular. Back in the day, BTC was struggling to reach mainstream adoption, so there were some attempts to popularize it. The first one was made by Gavin Andresen, a developer of Bitcoin Core. Since the value of a single BTC was very low back then, Andresen would award as much as 5 BTC through its faucet. Nowadays, 5 BTC is worth around $160,000.
However, faucets became a business tool after a while, as many sites started offering them to users who would view ads or do other small tasks and get rewarded for that. Such sites basically earn more money than they reward, and that’s the only business model they follow.
The majority of faucets will load Satoshis right to your Bitcoin wallet, but some will “lock” BTC before you reach a certain amount.
Top Bitcoin Faucets
Let’s take a look at some of the legit Bitcoin faucets that many users nowadays visit to get their share of Satoshis.
1. Cointiply
Cointiply is a popular online platform that offers a wide variety of tasks that will help you get Satoshis. You’ll have to do surveys, watch videos, etc., and get rewarded accordingly. The platform has paid out more than $1.2 million worth of BTC to its users. It offers 200 Satoshis every hour, which is a pretty good deal.
2. FreeBitcoin
FreeBitcoin has been around since 2018, and it allows you to win “digital gold” every hour. There’s an element of luck to it, as you can win up to $300 worth of BTC all at once. The more common amount you can get is closer to $0.0003. Once you reach $1 in BTC, you’ll be able to withdraw the cryptocurrency from the platform to your wallet in 2022.
3. Bitcoin Aliens
With Bitcoin Aliens, you can play various adventure games on your phone and get Satoshi for successful playing achievements. On average, every 5 minutes, this platform pays out about 9,000 Satoshi, which is considered a rather high value in the market. Since 2014, Bitcoin Aliens has paid over $4 million in BTC to their 2.5 million players.
Are Bitcoin Faucets Worth It?
On average, you’ll need, a couple of minutes to perform a certain task in most Bitcoin faucets to get a minimal amount of money. Therefore, if you don’t have anything smarter to do, faucets may be worth it. However, if you’re a busy person with a full-time job, it will take too much time to earn an eligible amount of BTC using faucets. That is why you should view it more as entertainment than a way to profit from crypto.
So, should you avoid faucets completely? Not really. Many online casinos, such as Duckdice, which we mentioned earlier, still offer faucets. The thing is that they work pretty much like bonuses, and the system is made in such a way that you must use your Satoshis to gamble. If the element of luck is on your side, you’ll have a chance to earn much more BTC. It doesn’t take a lot of time, and it’s also fun. Moreover, it’s the only way you can get BTC in a short period.
Final Thoughts: Faucets Aren’t The Only Way To Obtain BTC
Faucets are an easy way to earn BTC cryptocurrency as you don’t need any additional knowledge. That’s the reason why the prizes you get via faucets are really small.
However, there are plenty of other things you can do to increase your crypto wealth. The most popular one is simply buying some BTC using crypto funds and then trading it for other cryptocurrencies. Experienced traders can make a living from trading cryptos, but you’ll have to do some learning and go through trial-and-error processes before learning how to do it properly.
Alternatively, you can mine BTC or even visit gambling sites and test your luck that way. There are also many sites that offer Bitcoin lending services, and you can be both the lender and the borrower. The opportunities are endless, and it’s up to you to select the most lucrative way for you. The best approach is to try several ways to earn BTC and go for the one that meets your Bitcoin building needs.
