Since Bitcoin gained its prominence among my circle of online friends for about three years now. I cannot help but encounter these platforms that offer FREE Bitcoin in exchange for your time. These are called Bitcoin faucets because you can tap bitcoin just by doing simple tasks,
With Bitcoin's price reaching over $2000 and the current trend where it is going to its ATH (all time high) almost every month it maybe is worth taking a second look. If these companies can indeed provide us a way to earn Bitcoins on our free time or not.
Bitcoin faucets are primarily designed to get people onto specific websites which usually make money through ad revenue. Generally, the higher the amount of traffic a website has, the more ad revenue it can make. This creates a situation where the Bitcoin faucet owner and the faucet participant benefit – the latter get free Satoshi paid into their Bitcoin wallet.
There are a few different types of Bitcoin faucet. Some only require a participant to log onto a website to claim a reward, while others involve very simple games being played before a payout is secured.
Two Main Types Of Bitcoin Faucets.
Playing Games to Earn Bitcoins.
The earning process here can be entertaining and interactive. One example is by Rollin.io where it is just a straightforward higher or lower type of dice game, players just need to input a number and then make a prediction on whether a generated number will be higher or lower.
Most if not all of these platforms provide details of the rules of the game. For you as a player it is very important to fully familiarize yourself and plot a strategy to always be at the advantage side of the game.
There are myriads of game offerings now to earn Bitcoins. Some can be compared to playing casino games like roulette or blackjack, again what is more important is to understand the pros and cons of your betting position as well as the odds of winning.
Just Sign Up And Claim Bitcoins.
By far the easiest way to earn, all you have to do is sign up using your Bitcoin address and start claiming. However most of these sites have limits on how frequent you can claim. Like 99Bitcoins restrict users to claiming 10,000 Satoshis every 5 minutes.
Conclusion.
There are hundreds of Bitcoin faucets available today. And they offer a good way to earn FREE Bitcoins, but only in small quantities.
Make sure to research on reviews and feedback of each owner of the Bitcoin faucet you are about to join. Those that promises rewards that are too good to be true are usually the ones that you must avoid. But there are also those that are trustworthy and have higher success payout rates.
As my conclusion, I could say that earning money using Bitcoin faucets are good if you have extra time and would like to get a hold of few Bitcoins. However this should not be treated as a source of income to provide food on the table.
If you are looking to earn a living/full time income source using internet, this might not be for you. Like real world business you need a start up capital before you can make serious online income. Most if not all free sites are only to give you a foretaste or training of what it is like to make money online but the real income comes with proper, time, money and knowledge invested.
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THANK YOU STEEMIT!
@arnel
