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Saturday, March 11, 2017

What are bitcoin faucets?

Bitcoin faucets are websites which reward you with small amounts of satoshi.
One satoshi is 0.00000001 bitcoin.

Who uses bitcoin faucets?

In general, everyone can be using faucet websites. But mostly, bitcoin faucets are used from people who are new to the bitcoin ecosystem. People who want to test the bitcoin network, people who simply like free bitcoin, people who want to experiment with bitcoin.
Using a bitcoin faucet is very simple. Once you visit the faucet page, you have to enter your bitcoin wallet address or the email ID associated with your wallet and simply 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", "Solve the captcha" 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's it. You have claimed your reward. Your reward will be credited either immediately or on a custom time frame set by the bitcoin faucet owner/admin.

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.

1 comment:

  1. Thanks for good information about bitcoin and faucet.
    I think who want to earn bitcoin it will help them.
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    ReplyDelete