1. What is a Bitcoin Faucet? Initially faucets were created in order to spread the adoption of Bitcoin around the Internet. The original Bitcoin faucet was made by then Bitcoin Core developer Gavin Andresen and, believe it or not, it used to dispense 5 whole Bitcoins to each user. Since then faucets have become more business oriented. Today, faucets are sites that dispense a small amount of Bitcoin to users every few minutes while making money from displaying ads to these users. As long as the site owner is making more money from ads than what he’s giving out to his users, he remains profitable. Most faucets either pay out directly to your Bitcoin wallet or use a 3rd party micropayment wallet like CoinPot or FaucetHub. While this might seem to be a hassle at first, it’s actually a great convenience since you have all of your claims concentrated in one or two sites. This makes it much easier to withdraw and track your money. Also, since the faucet industry is known to be a bit shady, things can change relatively quickly. So, make sure to check out the terms of each faucet you use. Here are the main things to look out for: Claim amount – How many Satoshis do you get per claim? Timer – How long do you need to wait between claims? Minimum withdraw – What is the minimum amount from which you can withdraw your balance? Withdrawal method – Are payments done directly, or through a micropayment wallet? Referral fee – What’s the fee you get for referring new users to the faucet? 2. Cointiply Cointiply was founded in the beginning of 2018 and has been growing ever since. With a sleek interface and multiple methods for claiming Bitcoins, Contiply has it all. The site’s faucet allows you to claim 200 Satoshis on average every 60 minutes. Aside from the faucet, you will also find the following methods available on Cointiply for earning Bitcoins: Watching videos Offer walls Pay to Click ads Browser games For those who are looking to test their luck there’s also a coin multiplier function inside the site. Cointiply has been known to be relatively stable, with an almost 100% uptime according to FaucetHub. Coins can be withdrawn to FaucetHub (a micropayment web wallet) as soon as you reach 35,000 Satoshis. If you have over 100,000 Satoshis, you can also withdraw directly to your Bitcoin wallet. 3. BonusBitcoin BonusBitcoin, the oldest website on my list, has gone through many iterations until it arrived at its final form. The site’s main feature is a faucet that allows you to claim every 15 minutes, with an average claim of 24 Satoshis. There is also a coin multiplier and a surveys/offers section on the site, for those who want to increase their earnings. BonusBitcoin accounts are connected to CoinPot, a micro earnings wallet that accumulates your payouts. I have to say that CoinPot has many bugs and taking money out of it can be a hassle, however, in the end it works. CoinPot has a minimum withdrawal limit of 10K Satoshis with a fee and 50K Satoshis without a fee.
Read more: Best Bitcoin Faucets for 2021 Reviewed and Compared | 99Bitcoins | 99Bitcoins
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