Who doesn’t love free money, but the truth of the reality is there is no free lunch in this world. Or is there? Many of you might not have heard about it but there is a new program called Bitcoin Faucets. There are websites or platforms which offer small rewards in the form of Bitcoins for completing tasks or viewing ads. These kinds of programs have existed for a long time in the internet, and now things have gone into cryptocurrency. Let’s look at a few of such faucets.
Bonus Bitcoin is a completely free bitcoin faucet paying out up to 5,000 Satoshi every 15 minutes. Also, at the end of each day (around midnight UTC) users will receive an automatic 5% bonus added to their current account balance – provided they make at least one faucet claim during the previous day. As of 6th July 2017, all payments from Bonus Bitcoin are made instantly and directly into the user’s CoinPot account. The platform also runs a very generous affiliate/referral program: if a user refers friends or colleagues to sign up using a referral link, then that user will receive a 50% commission from every claim that they make from the faucet. But no referral commission is paid on the daily bonus.
Offering a pretty good rate of participation, users are allowed to claim up to 120 times per 24 hours. But unlike a Bitcoin bonus, there is no instant payment. Bitcoinker pays out the claim on the first day of every month. Also, there is a minimum threshold for the payout: 20,000 Satoshi. If you don’t hit the 20,000 mark by the beginning of the month, you will have to wait till the next month for a payout. A unique feature of the website is called seniority, that is a bonus program based on how long you are active on the website. It starts from, between 31 days and 60 days of using Bitcoinker – 10% bonus on all direct payouts to up to 30% bonus for the people using Bitcoinker for more than 151 days. But if you don’t claim once in 30 days, your seniority status will be rest.
The site officially launched in the month of June last year, just over a year ago, but has a huge user base considering how young it is. It has over 230K users at the time of writing and has paid out 472 bitcoin, that is in today’s market value over 4.1 million dollars worth. They provide users with an opportunity to earn Bitcoin by playing games, which is why it is was able to gather such a user base in such a short period of time. Another cool thing about Free Bitcoin is the fact that they give out free steam promo codes, just making them irresistible to gamers.
The first thing you feel about the website when you visit is alien. The site is not modern and has very little information. But it has given out more than 7.1 million dollars worth of Bitcoin, starting from 2014 when Bitcoin was not known by much of the mainstream folks. They payout every Tuesday to your Bitcoin wallet of all balances over 20000 Satoshi. You are unable to change wallet addresses once you setup your account so be on the lookout. Bitcoin claims are based on percentages, with payouts ranging from 270 – 18000 Satoshi. The site is easy to get started for beginners who want to start generating free Bitcoin and has high traffic to ensure payments will be made to users on time. But all the ads on the website can be very annoying and make the site run slow.
This is not the highest paying platform or the one with the largest user base, but it has the best user-friendly interface and is intuitive to use, making it the favorite in the list. There is a minimum threshold for payout which is pretty high, 100,000 satoshis. But this can be circumvented by using a Fachub account, where the threshold for payout is lower at 35,000 satoshis. There is even an option to earn interest of 5% interest on your Coin balance when you reach 35,000 Coins, which cool and unique to this platform.
As we have already mentioned in the first sentence of this article that there is no free lunch, it is still true. These programs might seem like free but we are required to do many tasks, provide data, etc. At first, it might seem like much, but let’s be honest there is no way anyone can make a reasonable living out of it. But if you have a bunch of free time and access to cheap internet, getting involved in faucets might get you a few extra bucks to hang out with friends while in college.
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