Earning Bitcoin

A Bitcoin faucet is a way to get free bitcoin as a reward for visiting a site or app or performing specific tasks on their platform. The name “faucet” comes from the fact that the rewards are minimal, like drops of water dripping from a faucet.

To claim these rewards, users typically have to perform a task such as:

• Watching product videos
• Viewing or clicking on advertisements
•  Completing a Captcha
• Solving a puzzle
• Playing a game

As payment for these tasks, users could receive a single Satoshi, which is one-hundred-millionth of one Bitcoin (0.00000001 BTC).

How do bitcoin faucets work?

Most Bitcoin faucets are easy to use. Sometimes it can be as simple as entering a public key address for your Bitcoin wallet, clicking a few buttons, and receiving the coins. In general, the more complex the tasks required, the higher the rewards. Some faucets do not offer an instant payout to reduce fees and often have a web-hosted wallet that stores coins for users up until a certain payout point. 

What is the purpose of bitcoin faucets?

When bitcoin launched in 2009, few had heard of the idea of virtual currency. It was still pretty complex to mine, and exchanges were not commonplace. To help bitcoin enter the hands of more people, Gavin Andresen, an early Bitcoin adopter, offered free Bitcoin in exchange for completing Captchas. In 2010, the first Bitcoin faucet ever created paid out 5 BTC in exchange for the simple task of clicking images. This was at a time when one Bitcoin was worth less than a penny. 

No free lunch

It’s essential to take note that not all faucets are legitimate sources of income. There could be some faucet sites that infect a user’s device with malware, spyware, ransomware or “cryptojacking”. Faucets could also hold off payment of your coins since they are the custody provider of the funds on your behalf. 

Where can I find bitcoin faucets?

If you want to get started with bitcoin faucets you can check out the following platforms.

Micro jobs or microtasks have become a popular side hustle as the freelancer world expands into small once-off tasks. They could encompass tasks such as filling in surveys, sharing articles, writing blogs, coding, doing handyman work, babysitting, designing websites, entering data and performing other administrative tasks, running errands and acting as a virtual assistant.

If you’re looking for a place to sell your time or finding odd jobs to earn bitcoin, then check out these platforms.

If you’re looking to quit your fiat job to earn bitcoin, or you want to work for a bitcoin company, then getting a job with some of the leading companies or startups in the industry is your best bet.

Start finding a bitcoin-related job and expand your career options with one of the following platforms.

Monetise your content with bitcoin by locking it behind a paywall and encourage users to pay to unlock your content. You can either use a self-hosted service or lock your own blog behind a paywall. To test out a paywall for your content in an attempt to earn more bitcoin, then check out the following services.

Easily request tips from your social media followers, readers or your youtube viewers by creating a bitcoin tip jar and promoting it on your various accounts. If you’re looking for a tip jar application, then check out the following services below.