It’s wild times in the cryptocurrency market. Everyone from investment firms to small businesses to regular folk are taking advantage of the volatility. And whether or not you think Bitcoin is a fraud, the fact remains that blockchain technology and cryptocurrencies are here to stay. However, all this FinTech stuff can seem intimidating. While it might all sound exciting, some people just might not be ready to invest money into cryptocurrency. That’s why I want to talk to you today about free cryptocurrency faucets, airdrops, and how you use them to get free cryptocurrencies like Bitcoin or DASH. (I shared some basic info on cryptocurrency and Bitcoin in a previous post.)
Popular in the cryptocurrency world, faucets and airdrops are a way for coins and companies to distribute their coins to the public – FOR FREE. This is a great way to become a cryptocurrency investor without having to spend any money. Will you get rich from it? Actually… possibly. 🙂
Before digging into this, let me remind everyone that everything here is my opinion only. I’m not a professional financial advisor. Please do your own research and make wise decisions.
What is a Cryptocurrency Faucet?
A cryptocurrency faucet is a free rewards system that awards a small amount of bitcoin or altcoin to someone. Usually, these rewards can be claimed at certain time intervals like every 5 or 15 minutes. These faucets allow users to try out a cryptocurrency without having to invest any money.
I do want to provide a few words of caution. There are a LOT of cryptocurrency faucets out there. Some of them are legitimate and others aren’t. Before you visit any faucet, make sure you have solid anti-virus and malware software installed. (Really, you should have those installed anyways.) There are some sites that will try to take advantage of unknowing/uninformed visitors. Please be careful. I’m only linking to faucets that I have personally used and that have actually sent me my free cryptocurrency.
How Faucets Work
Typically, a bitcoin faucet or altcoin faucet will reward you a specific amount of coin for each visit. You will need to provide a cryptocurrency address to send your free tokens too. Pretty much every cryptocurrency allows you to create a free wallet to hold their coin or token. To help manage everything in one place, I created a free Uphold account and send my faucet earnings there.
Once you provide the address where you want your coins to be sent, you’re ready to claim your bitcoin or altcoin rewards. Some faucets allow you to increase the size of your reward by completing bonus offers, visiting regularly, and referring friends. Other faucets also have other ways you can earn additional free tokens or bonuses by watching videos, playing video games, and other activities.
Most of these faucets make money by showing banner ads or pop-unders when you claim your coins. If you expect to see lots of ads, you’ll quickly learn to focus in on the “Claim Now” button to get your coins. Some sites aren’t as complicated and have fewer refreshes or pop-unders, which makes them preferred for me.
8 Cryptocurrency Faucets that Actually Pay Out
As I mentioned before, the amounts of these crypto coin rewards are small. They’re really just tiny fractions of a coin. However, these tiny fractions can add up. When you consider that many, if not all, of these coins will likely increase in value significantly over the next several years, then the amount of money you get from visiting cryptocurrency faucets starts being noticeable. Even at today’s prices, Gil was surprised that my casual visiting of faucets had accrued more than just a few pennies.
Here are the cryptocurrency faucets I’ve personally used and received my free cryptocurrency from. I visited most of these sites daily (I just started claiming from the last two on the list.) And I’ll claim anywhere from 1-15 times a day. Also, the following links are affiliate links. I will earn a small % bonus if you sign-up to claim your free coins using the below links.
- Cointiply – Cointiply is a free Bitcoin faucet. You can claim satoshi every hour. I’ve earned the most with Cointiply – over $5 since I started visiting. They also have a variety of offers, videos , nd games to earn additional satoshi. I generally complete all off the PTC ads when I visit and will watch several of the video offers.
- Moon Bitcoin – Moon Bitcoin is also a Bitcoin faucet. You can claim free satoshi every 5 minutes. Just click the “Claim Now” button and complete the CAPTCHA to claim your coins. All Moon faucets offer a daily percentage bonus, as well as a mystery bonus. Get an additional bonus by completing their offers.
- Moon Cash – Moon Cash is a free Bitcoin Cash faucet that is available for claim every 5 minutes.
- Moon Litecoin – Moon Litecoin is a free litecoin faucet that allows you to claim free litoshi every 5 minutes.
- Moon Dash – Moon Dash is a free DASH faucet. You can claim every 5 minutes.
- Moon Doge – Moon Doge is a free Dogecoin faucet. Again, you can claim every 5 minutes.
- BitFun – BitFun is a free Bitcoin faucet. You can claim every 3 minutes. You can complete offers to earn more satoshi and play games while you wait. I’ve only visited BitFun a few times, but so far, so good.
- Bonus Bitcoin – I just started visiting Bonus Bitcoin a few days ago. They allow you to claim BTC every 15 minutes. They offer a daily percentage bonus based on the amount of satoshi you’ve already claimed, which is a nice plus.
Tip: Sometimes I open all of these faucets on multiple tabs in one Chrome window. Then, while I’m watching a show online or working at the computer, I’ll just click over and take a moment to claim, claim, claim. The Session Buddy Chrome Extension is a great tool that makes it easy to open all of the faucets at once.
IMPORTANT: With the exception of Cointiply, all of the faucets I’ve listed here pay out immediately to your Coinpot account. You can create a free Coinpot account here. On Coinpot, you can convert your crypto to other available cryptocurrencies. Once you reach the minimum payout on Coinpot, you can withdraw the coins to your Uphold account and convert them to dollar dollar bills y’all or HODL* them. After the first 5 days of visiting faucets, I converted some of the altcoins in my Coinpot account to Bitcoin Cash and was able to make my first withdrawal of 0.002 BCH – around $0.15 at the time. (I’m rich! LOL.)
Since I started visiting these faucets on April 7, I’ve earned a current USD value of $7.77! Even if I never visited a faucet again, the value will go up when the market goes back up. Not bad for just visiting a few websites a few times a day. Sure, I’m not going to be paying any bills with that right now, but not too shabby considering I didn’t spend anything but my time. Also, if you complete surveys, make referrals, visit more frequently, you can earn way more than I did. My earnings are without any bonuses other than the daily visit or mystery bonuses.
Airdrops in the Crypto World
In the crypto world, an airdrop is a method through which a cryptocurrency coin or enterprise can distribute their tokens to users free of charge. Unlike a faucet, which can be visited and claimed multiple times, an airdrop generally occurs once, when the token is initially introduced to the user base. Sometimes airdrops are announced or organized ahead of time, and sometimes they’re a surprise.
Oftentimes, blockchain startups will announce their airdrop ahead of time to build the buzz around their token. Prior to the date of the airdrop, users must complete a series of tasks, such as joining a Telegram group or getting a free wallet for that token. Then, on the date of the airdrop, the company will release the tokens to the qualified airdrop participants.
Usually, you can find airdrops announced on Twitter. There are also sites, like WeStart, that allow you to opt into a variety of different airdrops from one account. (Unfortunately, Americans haven’t been eligible for any of the ones I’ve seen thus far.)
FREE BITCOIN BONUS: Interestingly, one of the ways we’ve found out about several airdrops is through Earn.com – another way you can earn free Bitcoin! If you’re tired of being bombarded with unwanted emails, Earn.com allows you to be paid to read emails. I’ve legit made over $10 in Bitcoin this way. Woot woot!
It’s worth mentioning that there are some airdrops that require a minimum investment to participate. I haven’t participated in any of those and likely will not ever pay to be part of an airdrop unless it’s by some company like Amazon. Should you stumble across one and decide you want to participate by actually investing your money, please, please, please do your due diligence.
Getting Rich with Free Cryptocurrency
Cryptocurrency Faucets and Airdrops are a great way to become part of the cryptocurrency community without having to invest any of your own money. It can also be a lot of fun watching your clicks turn into tokens that will increase in value. Don’t forget, that the free cryptocurrency you receive is REAL money and, using Uphold, Coinbase or a cryptocurrency exchange, can be converted to dollars, yen, or whatever your local currency is, and spent wherever you want.
If you’re looking for a way to get rich quick with crypto, faucets and airdrops are not the way to go. However, if you’re willing to invest the time and have the patience to wait for the cryptocurrency market to continue to grow and increase in value, it is possible you could make a decent amount of money. All that being said, I recommend faucets and airdrops simply as an easy, fun and free way for you to get a taste of cryptocurrencies. With just a few clicks and no money paid, you can say, “I’m a cryptocurrency investor!”
Have a question? Want to know something else? Leave me a comment!
** HODL stands for “Hold On for Dear Life” and refers to people who hold on to their coins instead of selling them in the face of a plunging or volatile market.