In 2021, there are various avenues to boost your crypto holdings. You can opt to purchase, trade, or stake cryptocurrencies. Alternatively, for those lacking scruples, there’s the illicit route of hacking and scams. However, if you seek safer and lawful methods, consider earning crypto.
Is there such a thing as “free crypto”? Theoretically, yes. Yet, akin to the adage “free beer,” the TANSTAAFL economic principle often applies: “There ain’t no such thing as a free lunch.” Essentially, obtaining free items typically requires effort.
Fortunately, there’s an opportunity to acquire crypto through our Learn and Earn educational initiative.
Through this program, we provide insights into leading projects, and in exchange, participants receive modest amounts of their respective cryptocurrency.
This initiative aims to promote understanding of innovative cryptocurrency and DeFi projects. Such reward programs can be likened to crypto faucets.
What Are Crypto Faucets?
A crypto faucet gives small amounts of cryptocurrency for easy tasks. They’re named after faucets because rewards are like drops of water. Users complete tasks for free crypto.
Tasks include viewing ads, watching videos, quizzes, clicking links, or captchas.
Tasks’ simplicity determines the reward size. Websites set minimum payout thresholds. Rewards go to an online wallet.
Users withdraw after reaching the threshold. It can take a day or more to reach it.
Crypto faucets aim to educate people about cryptocurrencies. They provide free crypto to encourage learning and potential investment.
How Does A Cryptocurrency Faucet work?
A crypto faucet operates primarily by completing simple tasks and engaging in predefined activities. The faucet platform determines reward amounts and may impose a time limit for users to claim their rewards.
Typically, users must register on a crypto faucet by providing personal information and a wallet address.
Upon completing tasks, users direct earned rewards to a micro wallet—a specialized wallet designed to store small amounts of cryptocurrency.
Most crypto faucets automatically generate micro wallets upon registration.
Once micro wallets reach their capacity, they promptly transfer rewards to users’ main wallets.
Best Bitcoin Faucet
Best Ethereum Faucet
- Ethereum-faucet.org offers ETH tokens for solving captchas. Additionally, the website allows you to participate in its lottery with a contribution. (Updated: Ethereum-faucet.org does not offer faucet services as of August 2021)
- Bestfaucetsites.com offers a comprehensive list of the best Ethereum faucets where users can earn ETH by solving reCaptcha, SolveMedia, playing games or mining.
- Allcoins.pw is a crypto faucet that offers miner and auto-faucet features along with a few games. The faucet is free to earn Ether, but you need to pay for playing the games.
- Fire Faucet offers multiple ways to earn ETH tokens, including browser mining and completing captchas.
- Dutchy CORP is another free Ethereum faucet website that allows you to earn rewards by solving captchas and playing games.
Best Litecoin Faucets
- Moon Litecoin offers free LTC to users for completing multiple tasks. The faucets use Coinpot.co micro wallet to store the small rewards earned by a user. After reaching the minimum threshold, the LTC rewards can be deposited into your wallet with no fees.
- Fire Faucet is an auto faucet that pays you Litecoin in addition to BTC and other cryptocurrencies as long as you have Auto Claim Points (ACP). To get free ACP, you need to register on the website. The faucet will run automatically until your ACP is exhausted. You can earn more ACP through gift boxes and by performing tasks like visiting short links, clicking ads, etc.
Best Bitcoin Cash Faucet
A Bitcoin Cash faucet provides complimentary BCH tokens in exchange for completing specified tasks on a regular basis, as implied by its name. Typically, users are required to register for a micro wallet to utilize a Bitcoin Cash faucet, facilitating the receipt of a small quantity of BCH tokens. The following faucets offer opportunities to obtain free Bitcoin Cash:
- Faucet Crypto operates as a multi-coin faucet, granting users free Bitcoin Cash tokens alongside other cryptocurrencies for engaging with their platform. Claim BCH via the “Ready to Claim” tab, refreshing every 40 minutes. Earn extra Bitcoin Cash through short links and PTC ads.
- Konstantinova offers free BCH tokens, but rewards are sent to FaucetPay.io automatically. Users must have a FaucetPay.io account. It allows claiming .00000121 BCH every five minutes, up to 50 claims daily.
Best Monero Faucet
- Monerofaucet.info allows you to earn between 0.000005 to 0.025 Monero tokens per reward, which can be claimed every 60 minutes.
- Express faucet lets you claim a reward of up to 0.00042754 XMR every four hours. The faucet also has a lottery game that you can play to earn additional free Monero if you win.
- Allcoins.pw is another Monero faucet where you can earn a reward of up to 0.00001716 every five minutes. The faucet doesn’t have any threshold for withdrawal.
Best ZCash Faucets
- Pipeflare faucet supports ZEC coin, which you can claim every day for free by creating an account and solving one captcha. The average claim reward is 0.0000500 ZEC and there is no minimum limit for withdrawal.
- Globalhive faucet also provides free Zcash that can be claimed every 20 hours. The average claim reward is 0.00003100 ZEC which can immediately be withdrawn directly to your wallet.
Best Tron Faucet
A Tron faucet rewards users with free TRX tokens. You earn them by playing games, referring friends, or completing surveys. Some faucets to earn Tron tokens include:
- Xcolander.com: Roll the wheel to get TRX coins.
- Free – Tron: Create an account for a free Tron reward. Minimum withdrawal is 10 TRX tokens with no fees.
- Faucet Crypto: Solve captchas and play games every 20 hours to earn TRX tokens.
Conclusion
Our comprehensive analysis of crypto faucets reveals that individuals in search of crypto earnings have the luxury of selection.
For newcomers in the realm of cryptocurrency, these complimentary platforms for acquiring digital assets serve as invaluable aids. Educate yourself, accumulate, retain, and HODL.
Initial task: Determine the current value of the 5 BTC disbursed to the inaugural users of the first Bitcoin faucet as rewards. Prepare to be astonished by the substantial sum!