During the past one and half years, Bitcoin investors have had a metamorphosis. Despite being caught unaware by regulations, battered by scandals, and other challenging factors, Bitcoin has made it through. Bitcoin has survived the storms and captured the attention of the global financial industry. Now there are several ways that you can earn more bitcoins apart from simply trading them. You can gradually accumulate a lot of Bitcoins by just joining a Bitcoin Faucet Website such as Cointiply. Before we proceed on how to make money with Bitcoin Faucets and determining how much you can earn from them, we have to, first of all, understand what Bitcoin Faucets are.
What is a Bitcoin Faucet?
If you are reading this article, I can be sure you are ready and determined to earn more bitcoins and make a lot of money through them. The easiest way to earn bitcoins online is through the use of an active Bitcoin Faucet. Bitcoin Faucets are websites that give away small amounts of Bitcoins on a daily basis. I know you can be confused as to why a company gives away free Bitcoins daily while users don’t pay anything for the Bitcoins. As a matter of fact, the Faucet website will have a lot of traffic and will be engaging. The faucet website owners will make money by placing ads on their highly engaging websites and you will get rewards for completing captchas and watching ads. FreeBitcoin is one of the best Bitcoin Faucets available in the market right now. Using the FreeBitcoin website, you can earn tiny fractions of Bitcoin from morning to evening.
Bitcoin Faucets pay a fraction of a penny every time you log in to watch ads or complete captchas on their website. What’s worth a penny today will be worth millions tomorrow. Bitcoin is very volatile but has a higher chance of making a profit in case the Bitcoin price rises. Earning Bitcoins from Bitcoin Faucets is a free way of accumulating more of them, waiting for them to rise and make money. How much you make on Bitcoin Faucets entirely depends on you and luck.
What is a Bitcoin Satoshi?
Most Bitcoin Faucet websites offer their rewards in Satoshi. One Satoshi is worth a hundredth of a million of a bitcoin. In simple terms, one Satoshi is worth 0.00000001 Bitcoins. The name Satoshi comes from the Inventor. The Bitcoin community pays tribute to the founder and the initial investor, Satoshi Nakamoto. The Bitcoin Faucets post advertisements on their website and the website user is paid for simply watching them. The Faucet provider gets money from the advertiser and the user gets the money from watching the advertisements. What this means is that both the faucet user and the faucet provider get rewards for what they are doing.
In some instances, the Bitcoin Faucets offer from 200 Satoshi to 1,000 Satoshi per claim. In simple terms, our main concern in this article is how much Bitcoins you can earn from Bitcoin Faucets in an hour, a day, or a week. Although it all depends on the time you spend visiting various Faucets, there are some users who make more than others. To answer the above question appropriately, you have to carry out an hour’s test.
An Hours Test
Some of the most popular Bitcoin Faucet advisers have sat behind the computer for an hour doing nothing other than Bitcoin Faucet Surf. They keep track of all the rewards they claim during that one hour and are able to deduce the average amount of bitcoins a user can make from Bitcoin Faucets. You must do the same and visit all the Bitcoin Faucets available on the internet. Record the data and analyze it to get the results.
On this one hour test, start the timer and start visiting some of the most popular Bitcoin Faucets on the internet. If possible, select those that allow you to claim more than once every 15 minutes. For your Bitcoin Faucet surf, I can guess you are going to make somewhere between 10,000 Satoshi to 19,000 Satoshi. Most of the people, who carried out the test, ended up making 17,000 to 19,000 Satoshi which is less than 1 bitcoin.
For simplicity, let’s assume you made 18,810 Satoshi which is equivalent to 1.22 USD during the hour’s test. Also, assume that the number of claims is 66 with an average of 285 Satoshi per claim. Now let’s play with numbers. The first half of the hour was full of Faucet website loading, Typing, and entering the CAPTCHA and those many clicks all around. It also included the time you use to jump from one website to the other.
During this test, you have to repeat it several hours a day in order to make accurate averaging. What this means is that you can at most earn 1 USD from an hour’s work with Bitcoin Faucets. Assuming that you take a full 8 hours from 8 am to 4 pm surfing and accumulating 18,810 Satoshi per hour, you can make up to 150,480 Satoshi which is equivalent to 9.8 USD in current BTC value. You may not make much at the beginning but with the increasing value of Bitcoin, you may end up making thousands of dollars in the future.
Using a faucet like Cointiply or Freebitcoin will earn you small fractions of Bitcoins which can accumulate to a big amount in the long term. Every hour, you can roll dice on these websites and get rewarded. To start today, simply visit Cointiply and register an account. Log in using your safe login details and click faucet. I have compiled a list of the best faucet sites here.
Strategizing to maximize your winnings
Some of the faucet sites have betting games. You have to strategize the best odds to put your money, in a bet to maximize your chances of winning. It is important for you to be familiar with the rules and odds of the entire possible outcome before you start the game. Every Faucet site has its own set of rules and also offer tutorial sections to inform the users of all the various options available. Get them in mind before you sign up and start earning rewards and make bets.
If you think that you want to start your own Faucet and start making money from advertisements, then there are several things that you are required to find out yourself first. One of them is that you shouldn’t take Bitcoin faucets as a business model that will lead you to significant income. You have to invest a lot of time to bring the system into perfect condition.
You also have to be sure that at the beginning, you will be required to invest a considerable amount of your own money. You need to always be there to respond promptly to any condition or problem on the site because it is easy to lose all your investments if you are not safe enough.
How to profit from Bitcoin Faucets
If you are looking to make money through Bitcoin Faucets, yes it is a smart and easy way of making money. In the past, Google had made it difficult to make money through Bitcoin Faucets because of its strict advertisement policies. You can use bitcoin referral programs instead of Google AdSense. Here is the list of best bitcoin referral programs. The future of Bitcoin Faucets lies in the hands of those faucets that turn the visitors into users, instead of just CPM ad impressions.
You can make money from a Bitcoin Faucet site but you need to be super smart. You are going to integrate APIs from affiliate programs and such. Some of the Bitcoin Faucet sites also make money from teaching people about Bitcoin. That is the main reason why those websites are still standing and making money. The reality of the matter is that almost 50 percent of all the leading Bitcoin websites are all Faucets. Some of these websites also place ads at a place where you may end up accidentally click.
Faucet sites will reward you with additional incentives if you send a referral to their site. The visitor must visit the site through your referral link, sign up, and start claiming rewards. This is the main traffic source and that’s why referrals are important for any Bitcoin Faucet site. To maximize your profits, you can use a rotator site. This is a site that makes it possible for you to access different faucets without necessarily having to exit the site and log in to another.
Check out the list of my favorite faucets here.
Best bitcoin referral programs here.