Faucets are a kind of reward system which a website or an app pays to its users in the form of satoshis, litoshis or other altcoins, whatever cryptocurrency they deal with for completing a particular task like solving a captcha as described by that website.
So, you get to earn free cryptos just by performing their simple task which hardly takes few seconds.
There are numerous faucets available like Bonus Bitcoin, Bitcoin Aliens, Bitcoinker, Moonbitcoin, BitcoFaucet, GreenFaucet, Free4Claim, etc
Are the rewards for free?
Yes, absolutely yes. You can earn your rewards for free just by completing the task which in most cases is just solving a captcha that hardly takes 10 seconds.
If it is free, how much can we expect?
The trick lies in here. As, the rewards are free, you do not get a huge amount at a single go. You can earn as much as you can perform the task and give time to it. That completely depends on the user. Also the faucet rewards vary for different websites.
You can make 1000 to 1200 satoshis a day from a single faucet website. If you visit multiple faucet websites, your earnings will also multiply
Also, some of the most popular faucets have a random large payout reward for Seniority, Referrals Commissions, and large payouts if you defeat a big boss. So, by visiting the faucet websites daily, you will be rewarded with seniority bonus. You can also multiply your earning through referral commissions by referring to your friends. There are some faucets which also reward you with Mining Bonus.
Apart from all these features of multiplying your faucet earnings, each website has its own unique way of randomly rewarding their daily users.
So, if you keep visiting the faucet sites regularly and collect your rewards, over a period of time you will be really glad to see how much you have earned. If you are into crypto for long time, faucet eanings are surely gonna boost your
Crypto Portfolio. And it is not that you get rewarded only in BTCs. There are many different faucets that rewards you with different cryptocurrencies. The rewards for lower value coins than Bitcoin like Litecoin, Doge, Dash, BCH, etc is even more. Choose your coins now whose prices you think will shoot in the future, accumulate as much as you can through faucet claims and referrals and enjoy the profit later.
This is also like your passive income. You don't have to invest any money at all but just some time. In return you will be rewarded with some cryptos of your liking. This doesnot seem to be a bad investment at all.
Hope you will check out this Faucet thing.
In my next article, I will write about Top 5 Faucets and my personal favourite Faucet and how to multiply earnings through it.
Thank You