A bitcoin faucet or generally referred to as a crypto faucet is basically a popular way to increase one’s crypto assets.
In essence, a faucet is an application or a special site that will channel small amounts of crypto in exchange for someone’s services.
At first, the reward took place at a time when crypto was relatively new. At that time, a number of parties distributed crypto assets for free so that more people would want to learn about this digital asset and participate in investing in it.
Over time, there are also challenges in the faucet, such as fraudulent actions that piggyback on the faucet. To find out more about this way of getting bitcoin assets, let’s look at the review below!
What is Bitcoin Faucet?
Literally, a faucet is a device where water flows or trickles, so this one technique will provide a small reward, such as drops of water from a faucet. The rewards come from simple tasks that are successfully completed.
Typically, these tasks include many things, such as watching a product ad, completing a captcha, clicking a link, and more. When the task is completed, you will get a petty amount of crypto assets, which will be transferred directly to your digital wallet.
How Faucet Works
The mechanism or how the faucet works is you have to complete the tasks given by the site first to earn the reward.
For starters, you will be asked to register. If your account is active then you can complete the tasks.
If the task has been completed, the crypto asset rewards that you earn will be automatically transferred to your digital micro wallets.
Its purpose is to serve as a platform for accumulating the amount of crypto rewards and also to save transaction fees.
If the reward has reached the minimum withdrawal limit, then you can make a withdrawal from your wallet.
Types of Bitcoin Faucet
This is a faucet that was first introduced in 2010 by one of the Bitcoin developers named Gavin Andersen.
Andersen used this method to introduce Bitcoin at the beginning of its existence. Besides, in the past, buying Bitcoin was difficult because there were no exchange platforms like today.
Therefore, giving Bitcoin for free became a smart strategy so that people begin to recognize and use this digital asset. In the beginning, the reward offered by the faucet was 5 pieces of Bitcoin after someone successfully completed a task.
However, nowadays the rewards on offer are much less and use satoshi units or the equivalent of 0.00000001 Bitcoin.
Bitcoin Faucet Cash
With a concept similar to Bitcoin Faucet, you will get Bitcoin Cash after completing any task as requested from the site owner.
The rewards will be stored automatically in micro wallets and you can withdraw them when you have reached the minimum number for withdrawal.
How Safe is it to Use Faucets?
Regarding security, even though this bitcoin faucet method is quite interesting to try, you should still be careful and really find trusted faucet sites.
In addition, a number of experts and analysts also warn each user to remain vigilant when doing faucets, because there are a lot of fake sites that lure big crypto rewards with bigger tasks to people.
In some cases, fraud can occur when there is a task that requires the user to click on certain links that are not necessarily safe or possibly used for a cyber crime to steal users’ personal data.
If a site already has many users, it can be considered that the site is relatively safe and reliable. The faucet itself is an interesting method to try, especially in exchange for free crypto.
However, be careful and use trusted crypto faucet sites too!
5 Easy and Trusted Bitcoin Faucet Applications in Indonesia
The following is a list of easy and trusted and recommended bitcoin faucet applications in Indonesia.
1. Bitcoin Aliens
This faucet has distributed approximately 1,090 Bitcoin coins for free since it was first launched in 2014.
Users can earn crypto assets such as Bitcoin, Bitcoin Cash, and Litecoin, just by playing games on mobile devices.
If you are interested to try, then you can download the application on your cell phone then register and play. For information, each game here also has a unique Bitcoin payment.
The more games you play, the bigger the crypto assets you will get.
FreeBitco.in is an interesting application because users will get free Bitcoins per hour.
The procedure is also very easy because you only need to play the games suggested by this application.
This FreeBitco.in pattern is similar to Bitcoin Aliens, you have to play a lot of games so that you get more crypto assets as a reward.
Furthermore, if you as a user of this application recommend it to a friend, you will get a reward in the form of Satoshi Bitcoin. Fun, right?
Please note, at FreeBitcoin.io Bitcoin can only be withdrawn if your asset has reached 1 Bitcoin. The rewards will also be sent directly to your bitcoin e-wallet!
You want a reward of 5,000 Satoshi per 15 minutes? You have come to the right app!
The condition is, you must register in this BonusBitcoin application. In addition, the Bitcoin faucet bonuses can be harvested per day for 5% of your balance.
5. Blockchain Poker
Texas Hold’em cash game fans will likely be very familiar with Blockchain Poker, because this faucet is where fans of the poker game can obtain crypto assets.
Here, you don’t even need to register to play the game. Moreover, as a new player, you will immediately get Satoshi for free!
You don’t have Bitcoins? Take it easy because you can play it too. However, please also note that if you don’t have at least 50 Satoshi then the game will be limited.
Even so, as a participant you can also top up the balance up to a maximum of 100 Satoshi per three minutes. Interesting right? Stay tuned for other recent reviews about the world of digital assets only at Indodax Academy.