Bitcoin faucets (they can be for any cryptocurrency) are a reward system, in the form of a website or app, that dispenses rewards in the form of a tiny fractions of bitcoin for visitors to claim. These rewards are dispensed at various predetermined intervals of time. And can be claimed by either completing a captcha or task as described by the website.
How to use bitcoin faucets?
Using a bitcoin faucet is very simple. Once you visit the faucet webpage, you have to enter your bitcoin wallet address or the email id associated with your wallet (will make another article on different digital wallets) and hit enter. A timer will start counting the amount of time you spend on the site. Once you spend a certain amount of time on the site, you can claim your reward by clicking the “Claim Now” or similar button. You will have to prove that you are a human by filling in a Captcha or by solving a simple mathematical problem, (this prevents any automated script from claiming rewards at regular intervals). That is it…! You have claimed your reward. Your reward will be credited either immediately or on a designated weekly payout day to your wallet.
Typically, faucets have a minimum time interval limit between claims by each visitor, in order to prevent one person from claiming all the available bitcoin from faucet’s wallet. This duration varies from 5 minutes to 24 hours, depending upon the faucet.
Where can I find bitcoin faucets?
You will find hundreds of bitcoin faucets in Google giving away few satoshis while at it. (1 Satoshi = 0.00000001 BTC i.e. hundredth of a millionth BTC)
My advice is to stick to the following proven list below. I will constantly update the list and link my experience. Let's kill the scam and use the real thing! I really do not want to waste my time and your's also.
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Who mostly uses bitcoin faucets?
If you understand bitcoin and how it works, then you will know in no time that the bitcoin units given away by faucets is of negligible value. You wouldn’t spend time claiming rewards on them. Majority of visitors who use these faucets and claim rewards from them are beginners, still learning about bitcoin or minors who cannot do transactions legally on any of the bitcoin exchanges.