What is a Bitcoin Faucet
Bitcoin Faucet? Most of the people are unaware of bitcoin faucets. And, most of you might have seen advertisements about top bitcoin faucets on paid to click sites. But people like you would have no idea about it. This article is all about bitcoin faucets. Here you will get answers for the following questions – What is a Bitcoin Faucet? How Bitcoin Faucets operate? Why Bitcoin Faucet pays you money? Make your mind clear and start to earn bitcoins on faucets. If the word Bitcoin is new to you, I highly recommend you to read this article – What is Bitcoin?
What is a Bitcoin Faucet:
- A bitcoin faucet is a webpage with lots of advertisements running on it that rewards a small amount of bitcoin to their members for visiting their page. The picture given below is a screenshot of a bitcoin faucet.
- Bitcoin faucets like these pays bitcoins to their members for every visit they make to their webpage 24/7.
- The rewards are not fixed on most of the faucets instead they are variable. Each time they dispense some amount of bitcoins based on number of claims made by the members per day or at least few claims every week.
- The more you’re regular, the more you can earn. Few Faucets pay fixed amount of bitcoins each time when you claim.
- The bitcoin faucets will fix a revisit time. The revisit time is the time fixed by the faucets, where you can claim bitcoins only after certain fixed time from the previous claim.
- For example : If you’ve claimed the bitcoins now, you cannot claim the bitcoins again immediately. Instead you’ve to wait for certain time before you can claim another time.
- The revisit time varies from 1 minute to an hour based on the faucet.
How does Bitcoin faucets operate:
- Now you know what is a bitcoin faucet and how bitcoin faucets dispense bitcoins. When you enter a bitcoin faucet along with ads, captcha API will be installed on the center of the webpage.
- You have to solve the captcha and click claim in order to qualify for receiving the bitcoins.
- To prevent spammers and usage of automatic bots. Bitcoin faucets protects their property using captcha protection.
- In simple, you’ve to open the faucet enter your wallet address, solve the captcha and click claim to receive bitcoins. Continue the same process after revisit time.
Why bitcoin faucets pays you for visiting their webpage:
- As I said earlier the home page of bitcoin faucets will be fully covered with advertisements. They bring revenue to their faucet through these advertisements.
- And they pay their members from the ad publisher revenue.
- Now let me say how it works. Advertising networks like Google Adsense pays faucets both in terms of impressions and clicks.
- So, if any of the faucet member clicks an ad on the faucet. Faucet owner will receive $0.10 to $1 or even more per click based on member’s demographics. And for every 1000 times the faucet page makes impression they will also be paid in terms of eCPM.
- Thus, the faucet earn money both in terms of clicks and impressions. Like 10 clicks per thousand impressions = $3 for clicks + $3 eCPM = $6 revenue for faucet.
- Faucet owners need customers to create impressions and make clicks. Nobody will do it for free nor they can do it on their own. So, faucets owners create a community of members who can do it for them. In turn, members get paid for doing it.
- For example : If the faucet owner earns $5 for 1000 impressions, they spend $1 – $2 for 1000 impressions to pay their members for making them to earn.
- Now you know what is a bitcoin faucet and how it works. To earn more money you should learn some simple techniques. You can continue to read the techniques by clicking the link given below.
Pros and cons of bitcoin Faucets:
- Anyone can earn 24/7 on faucets. There are no restrictions like PTC sites.
- Huge pay for regular workers. If you’re a regular member you can expect more pay per claim.
- Special rewards for punctuality. Few faucets will pay 100% daily bonus everyday for members who visits their faucets daily.
- Huge referral commission. Most of the faucets pay referral commission above 50%.
- 90% bitcoins are scam less, where 70% of paid to click sites are scam.
- No login details required, except for few. Just enter your bitcoin address for first time and receive your bitcoins instantly to the faucetbox from next time.
- Irregular members cannot make more from bitcoin faucets. As their system is designed in such a way that it rewards the member who makes more claims.
- Needs effective planning to earn reasonable income.