Bitcoin Faucet Explained
The cryptocurrency Bitcoin and the way to obtain Bitcoins are becoming the most popular trend in the world’s financial market. The increasing number of products and services that are available to be paid with Bitcoins, and the high amount of customers willing to pay through their digital wallets, create the best conditions for a new financial era. The multiple ways to obtain Bitcoins, including BTC faucets, are spreading worldwide. In this article, we will explain how to earn Bitcoins online with Bitcoin faucets.
What is Bitcoin Faucet?
Simply, Bitcoin faucets represent a reward system, in the form of a website or application that pays out with digital cash, called Satoshi. Satoshi equals to a hundredth of a millionth per Bitcoin and is given as a reward bonus to website visitors in exchange for their contribution. For example, a visitor may be rewarded and chooses to be paid in Satoshi for completing certain task or a captcha specified by the current website. There are websites collecting Bitcoin faucets at one place for easier coins mining, known as Bitcoin faucet rotators.
What is Satoshi?
As we mentioned above, Satoshi is currently the smallest unit of the Bitcoin currency recorded on the blockchain. It is equal of one hundred millionth of a single bitcoin, e.g. 0.00000001 BTC. The unit has been named to the founder of Bitcoin- Satoshi Nakamoto.
What is Bitcoin Faucet Rotator?
Bitcoin faucet rotator is a website collecting plenty of Bitcoin faucets at one place, paid in cryptocurrency, Satoshi in most cases, for completing certain task by the website’s visitor.
How to earn Bitcoins with Bitcoin Faucets?
The websites offering Bitcoin rewards, or also called faucets, give a choice of many different kinds of activities for which their visitors can get paid in exchange for their service.
Some faucets propose fixed coins giveaways, while others are ranging between specific amounts. Most of the faucet websites offer payment in cryptocurrency for visiting certain web pages, watching videos, playing games, or simply to complete a captcha.
Bitcoin faucets are of huge importance for Bitcoin dice websites, where you can earn 0.0001 BTC every 5 minutes. However, to receive a new payment of satoshis, your account must be with zero balance.
With Bitcoins growing popularity and price, people find it attractive to discover a way to mine some for free. Choosing faucets or completing simple tasks might bring a couple of hundreds of satoshis in your digital wallet, but there are more interesting and profitable means to earn Bitcoins, such as Bitcoin gambling, or Bitcoin trading, both depending on your luck and prediction skills.
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