Gwaher Coins - What is a Bitcoin Faucet?

What is a Bitcoin Faucet?

 

 

 

 

 

Cryptocurrency faucets or taps are a simple means for users to know cryptocurrencies. In this simple post we explain what they are, what they are for and we recommend some of them.

 

What is a Bitcoin Faucet?

The concept of Bitcoin Faucet It is not new. It was first introduced by the main Bitcoin developer, Gavin Andresen in 2010. Andresen was the one who created the first Bitcoin faucet. This gave a reward of 5 bitcoins for completing simple tasks.

In this way we can define Bitcoin Faucet, as a reward system from which small amounts of bitcoins can be obtained, known as satoshis. a Satoshi is the smallest of the bitcoin units of account that exist. These rewards are delivered to users after taking a certain action. For example, solving captchas, participating in games, or simply viewing advertisements.

Keep in mind that nobody will give you free bitcoins, so if that faucet is from a cryptocurrency that is listed on a exchangeNormally, you will receive that cryptocurrency in exchange for your time or see advertising. Activities that hardly cost you, but with which the owner of the faucet will earn enough to give you a share.

However, there are faucets that give away worthless cryptocurrency, as is the case with cryptocurrency faucets testnet. Below we leave you some examples.

 

How does a Bitcoin faucet work?

Bitcoin faucets all operate in virtually the same way. Its operation is mainly based on solving simple tasks and participating in established activities. Thanks to these activities, bitcoins can be obtained periodically. For example, Bitcoin Faucet, the first faucet developed, allowed 5 bitcoins to be acquired from time to time. Users only had to complete certain functions on the web to receive this reward.

However, each faucet can independently set how many cryptocurrencies they are going to award as a reward. And the time that must elapse for users to claim them.

On the other hand, to register on one of these websites you only have to enter your email address and your address wallet where you want to receive the bitcoins. Most will also ask you to complete a captcha to confirm that you are not a robot. And once this process is completed, you can start to perform the requested tasks to accumulate satoshis, which you can then transfer to your wallet.

However, although it may seem like an easy and simple process, remember that you will invest your time. So you should first analyze the conditions offered by each website to assess whether it will be worth it or not. Also keep in mind that these pages deliver very small rewards. Hence its name faucet or source.

Now surely you have heard about the ability of the faucets to generate a lot of money and at this point you wonder, is it true? Well, we will answer this question below.

 

 

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