Bitcoin Faucets are basically small web-based applications which allow people to “earn free Bitcoins” in exchange for performing simple tasks. And there are some relatively high paying bitcoin faucets out there. So let’s explore this topic a bit more…
Imagine a friend gives you some free Bitcoin just for coming over to watch a game with him, and says you don’t have to pay him back or anything, they are yours to keep and do whatever you want with… This is the basic concept of Bitcoin faucets in a nutshell.
The idea for the system has grown out of the many “surveys for cash” products and other “get paid to” (GPT) websites, which were a massive hit online in the early 2000’s and are still pretty popular even today. These basically allow people to get paid (very small amounts) for completing surveys or doing other simple tasks such as; watching videos, filling out forms, viewing ads, playing games, testing offers, visiting websites, social sharing, and so on. Essentially you are earning money for free in your spare time by doing simple and sometimes even fun tasks.
Businesses need to test things and keep up with the times & consumer demand, so one of the “shortcuts” companies use to make sure they are converting customers, coming up with new ideas, effectively branding itself, etc… is to provide small payments (or incentives) to people in order to persuade them to partake in particular actions such as those listed above.
As you can imagine, with the dawn of the crypto-craze, someone had the bright idea of incentivizing systems / websites using Bitcoin as the draw. They called the idea “Bitcoin Faucets” – allowing users to basically get free Bitcoin in return for performing specific actions – similar to the survey and GPT sites of yesteryear.
Ultimately, these “faucets” create a way for people to enter the Bitcoin space without any risk, other than some of their time, and give them the opportunity to earn bitcoin they may not have been able to obtain otherwise. It not only helps the website in question, but also the users – who may be new to the cryptocurrency world, or not have any extra money lying around to put into BTC, so they are able to earn it this way. BTC faucets are among the best ways to earn bitcoins for free.
This tutorial is going to explain how faucets work, what they’re meant to do and what are the best bitcoin faucets for you to join…
Why Bitcoin Faucets Work
When it comes to Bitcoin Faucets, the underlying reason why they have become popular is because of the allure of Bitcoin being a part of a wider economic shift towards digital currency. This doesn’t really matter; what’s important is that the idea of a faucet is designed to both encourage people into the Bitcoin / crypto ecosystem, and provide benefit to those who’ve already adopted.
In the end, it’s about as close to “free money” as you can get. Don’t mistake it for anything more – or less. People join and engage with the faucets because it’s a way to get free BTC, and the providers expect a particular action to be completed in return for it. Virtually everyone wants free money, so these are very enticing for the vast majority of people. This is a huge reason why they are so successful and popular.
In the internet marketing world this has been going on for a long time under the name of “CPA” – Cost Per Action – programs. This basically pays marketers for driving traffic (either by way of advertising or referrals) to a landing page, which promises a reward if a user completes the steps on the page itself. Upon completing the “action” (typically filling out a form), the user is provided with a payment, as well as the referrer.
Many of these faucet websites also have very generous referral programs that pay in bitcoin, which make them popular for affiliate marketers and SEO professionals that want to use their skills to earn bitcoins for referring others to join in.
Part of the reason why Bitcoin faucets have become so popular is because adoption = success in the world of technology. The more a piece of technology is adopted, the more chance it has of “sticking” and becoming a standard in general society. Standards / paradigms are where the *REAL* money is within the world of technology.
Like it or not, when a company takes 90%+ of a new market, they’ve won. This is evidenced with Microsoft, Apple, Facebook, Google, and Amazon. Massive scale, matched with unparalleled functionality, have made the systems extremely popular – and obviously relatively lucrative.
Bitcoin has been headed down the same path. However, in order to increase adoption, and bolster trust within the various communities, you need to look at the various ways in which people are using it. Unfortunately, most have been using it as a tool for speculative growth; the underlying reality is that if it wants to take on any sort of improvement in growth – it has to be one of the most important elements in the economic infrastructure. This is where its faucets win out!
Now, let’s take a look at some of the most popular and highest paying bitcoin faucets, so you know you are only joining the best of the best…
Top 5 Bitcoin Faucets
1) Bitcoin Aliens – This is certainly among the most popular and one of the highest paying bitcoin faucets out there on average. Plus, you don’t have to do a bunch of boring tasks to get your earnings – it is actually pretty fun. Bitcoin aliens pays you for playing an entertaining game. Yes, you do get paid to kill aliens. Each kill accrues a small amount, so you literally get paid to play. How awesome is that?
2) Bonus Bitcoin – This site is really a combination of multiple bitcoin faucets. Bonus Bitcoin eliminates the well-known problem of running out of ad capital by grouping many faucets together under one roof.
Often times, faucets will force you to wait a set amount of time – like 5 to 20 minutes – before repeating a certain task. However, with this one, you can just move on to one of their many options, thus earning more bitcoins in a faster amount of time. This makes “Bonus Bitcoin” one of the highest paying BTC faucets on the internet!
3) Robot Coin – Yeah, I know, it’s hard to believe, but true, you really can earn bitcoins by destroying robots! It’s somewhat hard to quantify as far as earnings go because you are getting paid to destroy robots, and there’s not a set task of “do this for that” sort of thing.
However, it is worth noting, if you defeat the final boss (the hardest robot of all obviously) which is NOT an easy task, you will be awarded 1,000,000 satoshi. Yep, that is correct… 1 million! That’s no fortune in USD, but it is pretty good for doing nothing but having fun while basically earning free money.
They also pay well for referrals in their affiliate program. That’s always a nice bonus.
4) Moon Bitcoin – This is a simple “look at ads” faucet, and it is one of the most popular, well-known and respected on the entire internet. It also has high payouts and the added benefit of being able to claim your bitcoins at any time – so you don’t have to allow your money to sit in an account without being paid out. Furthermore, the total amount you can earn per hour is astonishing and can really add up in time making this a candidate for the highest paying bitcoin faucet option out there.
5) Bitcoinker – This is as old as Bitcoin Zebra (which is one of the originals) and used to be sort of a twin faucet to it. However, it has changed owners a few times, but still remains among the top bitcoin faucets out there right now.
The payouts are relatively high and get larger as you spend more time on the site. This is known as seniority payments. Their referral commissions are also great and you get bonuses for using the faucet long term. If you are searching for the best bitcoin faucet then this should be towards the top of your list.
That’s it for now…
Remember, bitcoin and digital currency in general, are continually evolving. However, right now, there may not be a more exciting area/niche on the planet than the bitcoin & cryptocurrency economy. So, there will surely be new bitcoin faucets emerging in the near future with even more awesome benefits and features. Make sure you stay tuned for more information on them and come back here for updates.
David says
Thanks for this wonderful insight on bitcoin faucets. Still struggling to get the hang of bitcoin in general though.