For those who are unaware of what faucets are, they are websites that give free cryptocurrencies, like bitcoin and litecoin, in return for answering simple questions in the form of Captchas. When we first heard the term and the concept, we were very excited, but this excitement went to drain when we experienced the downside of it. We almost got scammed by one of these sites. If you do the maths, it will take nearly a year to gain a bitcoin. Most of them give in 20 to 200 satoshis for one captcha reply. So you will require 100,000,000 Satoshi to make one bitcoin, and if the game allows you to play in intervals of 5 minutes to 20 minutes, it will take ages to acquire one bitcoin.
It would help if you knew all the sites available for those interested in making money out of Faucet. Unfortunately, so many are claiming to give you cryptocurrencies that you will make some serious cash if you register all of them. Unfortunately, my friends, this is a more difficult task as many scams exist. Before you deposit your coins on one of these sites, read some of the threads on BitcoinTalk or Reddit to make sure that it’s legit. You shouldn’t deposit your coins on any faucet that promises you’ll become rich overnight. So when treading along those paths, better be careful than sorry.
Mostly you will find two ways of scamming. The first is a website full of adverts, and you get to play the captcha game every 5 minutes or 1 hour. However, they will require that you gain some 20 000 satoshis before you can cash out. Eventually, when you reach the stated amount and try to transfer it to your wallet, they will inform you that you will need to play for another seven days, which will never end. So do not waste your time there.
The second way is the site allows you to choose how much bitcoin you need to mine and then shows you some Linux screen with connection and mining commands. The website will show you a progress bar of the amount of bitcoin it has mined, increasing your adrenaline and excitement till it reaches 100%. Once it is there, a button appears having the ‘claim’ word or similar written on it.
Once you click on it, it will instruct you to pay the mining fee so that the transaction can be verified on the blockchain and provides you will a wallet address to send that mining fee. If you are in a hurry to transfer the money to the miner’s address, wait a bit and think. The system has just mined some 1.5 bitcoin and now requires me to pay the mining fee. Why is that? Why can’t the system deduct the mining fee from the BTC it will give you? This question only will let you know that this is a scam. Could you stay away from it?
For those who, after doing the math, still want to get free satoshis, below is the list of scams and legit faucets:
Scam Faucets
- ClaimBTC.com
- Bitlucky.io
- BoxBit.co.in
- Goldspay
- BoxLit.co.in
- BoxDoge.co.in
Legit Faucets
- FreeBitco.in- FreeBitco.in is one of the finest online gambling sites we have ever used. It has many bonus offers for all its users where you can get everything you want. The site has many provably fair games that are easy and fun. Cashing out here is also excellent; we have never seen any issues.
- Moon Bitcoin- Moon Bitcoin is a widespread free Bitcoin faucet that lets users receive rewards for completing surveys and tasks. It is a general and most used bitcoin faucet on the internet.
- GetYourBitcoin- Get your BitCo.in is a site where you can earn BitCoin. The principle is simple: – Enter your BitCoin address – Click on Enter The Faucet – Resolve a Captcha – Click on Enter The Faucet – Click on Claim your Satoshi – Solve a Captcha + anti-robot code Every 5 minutes.
- Faucet Crypto- Faucetcrypto com is one of the best crypto faucets, where you can finish many tasks and win prizes in a fictitious currency called Coins. You can then convert this currency into Bitcoin, Ethereum, or Litecoin. In addition, you can complete tasks including playing games, viewing advertisements, and taking surveys. Please read the faucet crypto review for better insights into this bitcoin faucet.
- BTC Clicks- BTC Clicks is the ideal place to start if you’re seeking a website that will enable you to make BTC by viewing movies and clicking adverts. This Faucet provides a simple method of obtaining free bitcoin because all you have to do to collect your reward, which ranges from 0.00000220 to 0.00000050 BTC every 30 minutes, is view brief video clips or click on sponsored links. Casino Gurus recommends the above online crypto faucets for the year 2022.
This list is not exhaustive. Keep the two scam type in your head when going on a faucet-claiming site. Be careful when dealing with faucets. They can harm you or your computer by installing third-party apps on your browser or computer.
Warning! Faucet scam in sight
Crypto faucet scams are sites that will trick you into depositing your earnings in exchange for completing little tasks, such as playing games. But, once you achieve a certain amount and attempt to withdraw your winnings, you won’t be able to do it.
The most common are faucet wallet frauds. But, contrary to conventional faucet wallets, these scam wallets will draw you into depositing your coins, and only after that will you be able to hit withdraw. But here is the twist: nothing will occur once you click that button.
And it gets worst. There are also bitcoin faucet scams that claim the lowest withdrawal amount. The trouble is, earning coins on these sites will be slow, and the amount will be tiniest, so you’ll never be able to earn enough digital coins to withdraw them.
Now that we know what online faucet scams are, let’s look at some of them.
Crypto Faucets vs. Airdrops
At a glance, crypto faucets look to be similar to airdrops. However, given that both have the same goal of giving away free crypto assets, the terms have been mistaken for one another. This is evident to those unfamiliar with the intricacies of crypto assets.
Let’s look first at crypto faucets. In crypto faucet, you must visit a predetermined website periodically. In there, you are not only completing tasks but also captchas to make sure you are not a robot. Given that most tasks are repetitive, you’ll spend some time on a crypto faucet’s website.
Crypto faucets’ rewards are given away daily, in small amounts each time. This is done to keep the user engaged and visiting the site as frequently as possible. The rewards vary but usually, they are cryptocurrencies that already exist, but not many know of them.
Be careful and think twice before you open an account.
If you choose to enter the crypto universe, you should be aware that there is always a possibility of running into a scam. It can be an ICO scam, a mining scam, or, of course, a faucet scam. So, how can you protect yourself from faucet scams? Start by going through threads on BitcoinTalk and Reddit, and talk with the other community members. Don’t deposit coins; remember, faucet websites can’t make you rich. If you run into a website promising something like that, run away and never look back.