One way people earn online is through cryptocurrency faucets. A cryptocurrency faucet is a website which gives out people free crypto coins such as bitcoins or ethereum. Usually people get the coins in small amounts, after they perform some activities on the site. Faucets, usually, allow people to earn free coins after completing captcha, which takes a few minutes. They normally give a time period before a person comes back and claim from the faucet. Some give a five-minute time break, others give 15 or more minutes. Some faucets pay people for viewing ads.
Many faucets require a person to reach a minimum amount of the crypto coins before withdrawing. It may take time for someone to reach the minimum, even up to a month. A few have got lower minimum amounts, such that one can withdraw within a day or a week. Although someone may feel that the coins maybe few per claim, the important thing to note is that their value may keep on rising, and that may translate into good sum of fiat currency. The best way to benefit from faucets is through referring other people to the faucet. When you join a faucet you get a referral link. When you refer a number of people, say ten, you will earn good. This is because you are given a commission from the earning of each person you refer. You can get a commission of 25% of the earnings of each one of your referral. That translates into good income per month and then per year. If you trade with the coins you earn, you can have a huge benefit at the end of it all.
The good thing about faucets is that you earn without any loses. It is a secure source of crypto coins. Although you invest in time and effort, at least you get something for almost free, which can change your fortune in the future.
You may wonder why the faucets give the coins for doing simple tasks such as completing captcha. One of the reasons is that on the faucet’s websites are adverts of some other organisations that deal with cryptocurrencies such as exchanges. Secondly, they want people to get used to deal with crypto coins. In the future, the sponsoring companies’ business will grow.
To deal with the problem of having small amounts of coins to earn within a day there has been the creation of micro-wallets. A micro-wallet is where your coins will be stored before you withdraw them. The good thing is that you can earn from various faucets which feed into one micro-wallet, reducing the time taken to withdraw the coins. A person can earn from more than ten faucets feeding into one micro-wallet. Coinpot and FauceHub are examples of micro-wallets.