Excellent ways to earn free cryptocurrencies

Share On Facebook
share on Linkedin
Print

If you have ever wondered about how to earn cryptocurrency outside of trading, investing, or mining, then this article should set you on course to one of the simplest crypto earning practices—Faucets.

©

CRYPTOCURRENCY FAUCET: AN EASY WAY TO EARN PASSIVE CRYPTO REWARDS

Understanding Cryptocurrency Faucets

Crypto faucets are apps or websites where small amounts of crypto assets get distributed as a reward for completing easy tasks. These platforms go by faucets because the coins disbursed are minute, like tiny water drops from a leaky faucet.

To earn crypto rewards from faucets, participants need to complete simple tasks, like viewing ads, viewing product videos, answering quizzes, opening links, or completing a captcha. Most platforms offer rewards according to the difficulty of the underlying task.

That said, many platforms have minimum payout thresholds. In this case, small rewards accumulate in a designated online wallet. Users can only withdraw after their accumulated coins reach the stipulated level. With some faucets, this could take just a day, with many others, it could take longer than a week.

What is in it for the Company Behind Cryptocurrency Faucets?

While cryptocurrencies have become a household name in the financial world, many of them have not attained a mainstream status and are unheard of by many people across the globe.

That said, by giving out free coins to random individuals globally, the host company aims at sensitizing the public about its product and attracting investors.

Popular Bitcoin Faucet

In 2010, Bitcoin developer Gavin Andresen developed a faucet to give out five BTC (yes, five!) to successful task candidates. The idea behind it was to create awareness for Bitcoin, a relatively obscure concept at the time.

Today, numerous faucets are willing to dole out free coins to interested participants. Some famous faucet platforms include Freebitcoin, Cointiply, Bitcoin Aliens, Faucet Crypto, Fire Faucet, Coinpayu, BTCClicks, and Satoshi Quiz.

 

Source: https://learn2.trade

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211207 16:17:45