Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
On the other hand, a bitcoin faucet is a type of “reward system” that dispenses free Bitcoins, usually in exchange for completing a captcha or task. Think of it as a modern way to bribe the Internet for more web traffic.
Surprisingly, the first Bitcoin faucet was invented by Bitcoin Core developer Gavin Andresen in 2010.
The amount of money you can make from a Bitcoin faucet varies: most only give away a few satoshis at a time, but with the right site and dedication you could easily make a few hundred dollars reasonably quickly. (By the way, one satoshi is another name for a hundredth of a millionth BTC.)
People create free Bitcoin faucets for a number of reasons, yet the most common driving forces are:
- To make a website appear more active (i.e. more active users)
- To invite new users in the hopes they’ll end up spending more than they take
- To introduce more people to Bitcoin
- To earn revenue from ads
Here are my top 5 free bitcoin faucets:
1. BITCOINKER
- Get up to 100,000 Satoshis every 5 minutes
- You can claim up to 120 times per 24 hours
2. BITFUN
- You can claim up to 5,000 satoshi every 15 minutes
4. MOON BITCOIN
- YOU decide how often to claim!
5. FREEBITCOIN
- Free bitcoin every hour
OTHER FREE DIFFERENT COINS:
(You can convert this coin to bitcoin)
So these are my top 5 and other BTC faucets for which I am currently using now. I know there are lots of bitcoin faucets out there evolving and competing. But at the end of the day, they are earning no matter how much is it, right?
Do you have also lists of other bitcoin faucets which I didn't mention above? Kindly share it on the comment section below.
Happy earning bitcoin online! God bless everyone!
Do you have also lists of other bitcoin faucets which I didn't mention above? Kindly share it on the comment section below.
Happy earning bitcoin online! God bless everyone!