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[katie]

Bitcoin Faucets are sites where you can play a game or click to get a number of satoshis (small fragments of a bitcoin) added to your bitcoin wallet. While you will need a wallet to play, these are free, paid for by the ads on the site, and just require one click a day. However several are also scams or malware dependent, and some don't last very long and may vanish with user's earnings.

These are two I can recommend (links include my affiliate). I haven't had any malware problems with them, but it is as well to be aware of the risk and run a decent firewall/antivirus. After all, you're looking at ads.

Moon Bitcoin This allows users to claim regularly, every five minutes if you choose, but bitcoins will build up slowly between your claims, more slowly the longer you leave it. While you can pay to Xapo wallet, you can also get a weekly payment direct to your bitcoin wallet as long as you have accrued over 10,000 satoshi. I can normally get up to 50,000 with two or three daily visits, so it is not that hard. It also has a cumulative daily loyalty bonus, which helps.

Zebra Faucet You can click once a day to earn a random number of satoshis, then if you want, roll a dice to get a possible second bonus. You never lose the first earnings, so there's no risk. If you use a bitcoin wallet, you get paid weekly, which works better in my opinion as you can build up quite a balance, and I've never had trouble getting paid.

 

[DangerSuit]

Hi @katie, thanks for this explanation and the recommendations.

Do you have any estimates of how much an average user of these faucets can be expected to make in a month? Or what the exchange rate is between a satoshi and a dollar?

Also, and this might be a naive question, how does one go about getting a bitcoin wallet? Would these faucets also explain that process, or would you have to set one up beforehand?

 

[BMF]

Hi @katie, thanks for this explanation and the recommendations.

Do you have any estimates of how much an average user of these faucets can be expected to make in a month? Or what the exchange rate is between a satoshi and a dollar?

Also, and this might be a naive question, how does one go about getting a bitcoin wallet? Would these faucets also explain that process, or would you have to set one up beforehand?

With bitcoin satoshi to usd this convertor is pretty good http://www.btcsatoshi.com/

 

[DangerSuit]

Thanks, @I. C. Daniel! Based on that converter and what @katie said, Moon Bitcoin would be producing roughly 16p (21c) a day. That is slightly better than some of the other PTC programs I have running at the moment, so I may give this a go and report back on my findings!

 

[katie]

The problem with given a value is that the value of Bitcoin to USD shifts a lot. When I started it was $200 USD to 1 bitcoin, now it is nearer $400. There are a lot of other faucets, but they often pay out around 50 satoshi, and that's a little too low for me.

If you are just looking for something to try it out, bitaddress.org can generate a paper wallet. That is a public/private key pair printed on paper where you use the public key as your wallet address and your private key when you want to spend it. Paper wallets are pretty much one use to spend, as once the private key is used they aren't secure anymore. (Just don't lose the paper!)

For longer term use, blockchain.info creates longer term wallets and accounts and has a better description of how bitcoin works. You can always use a paper wallet, then transfer the balance to an online one for spending or converting to cash.

 

[Petesede]

Faucets are interesting in that most of them work exactly like survey or PTC sites, but they pay in bitcoins which basically is gambling with your earnings. At one point bitcoins were at $50, then it was at $1400, then $200 and now at $400. In some cases you will be better off getting paid in USD, or you can gamble it and get the bitcoins and hope it goes back to $1400

 

[rz3300]

I am not really that familiar with Bitcoin and I think that the whole description of these things is the reason why. I had to read it twice to try to make sense of what exactly was going on, and when it is that complicated I tend to get turned off to the idea. That is just me though, and if you can find some potential in them then by all means.

 

[KGord]

If I am not mistaken, and I could be, you have to pay some money in order to get a Bitcoin wallet. I wouldn't mind getting some Bitcoin, but I do not want to have to pay to get a wallet. I am just leery of the whole Bitcoin thing.

 

[katie]

If I am not mistaken, and I could be, you have to pay some money in order to get a Bitcoin wallet. I wouldn't mind getting some Bitcoin, but I do not want to have to pay to get a wallet. I am just leery of the whole Bitcoin thing.

You are actually wrong there. Most Bitcoin wallets are free, e.g. blockchain.info. If you want to give it a quick trial, bitaddress.org generates three wallets free (they don't need your details, but don't lose the sheet with your keys once you've printed it or you've lost your bitcoin). They are single use - you can receive funds infinite times, but once you pay out funds from them they aren't secure anymore. However once you've got a balance you can always transfer the funds to an online wallet, if it works out for you.

Faucets are paid by the ads they have on the page. They get paid for your views, you get part of that payment as bitcoin for your click. If a faucet asks you to pay, whether bitcoin or anything else, don't touch it and go somewhere else. It's a scam.

 

[fcuco]

In the span of a few minutes I created a Xapo wallet and fed the zebra and boom, 3000 satoshis, thank you very much for this katie. By the way, you seem very knowledgeable about crypto currencies I would really appreciate a more illustrative post from your part explaining how wallets and faucets work, even a little about mining which I know is impossible now without specialized hardware. I've been mining some Monero coins, it is painfully slow but I was wondering if I could somehow convert that to bitcoins and store those in the Xapo wallet.

 

[katie]

I'm afraid I'm not that much of an expert, and I don't know Monero coins at all. I know a bit because someone I know was setting up a bookshop that took Bitcoin, which meant doing a lot of research.

Mining isn't something I've ever done, since it needs specialised hardware to make money at it, and I am trying to make money not spend it. There was an online miner at one point, where you just connected to a website, but someone worked out that it cost more in electricity to run the computer than you made mining!

For long term use, armoury is probably the most secure Bitcoin wallet, since it works offline and can be used multiple times (it doesn't disclose your private key when you spend, unlike a paper wallet). It is also free. I don't have enough bitcoins to be worth getting one yet, but it is something I am watching.

 

[Noreht]

Just an update. I have been using your referrals for a few hours now and have made 1621 Satoshi on Moonbit and 700 Satoshi on Bitcoin Zebra.

 

[fcuco]

Mining isn't something I've ever done, since it needs specialised hardware to make money at it, and I am trying to make money not spend it. There was an online miner at one point, where you just connected to a website, but someone worked out that it cost more in electricity to run the computer than you made mining!

Yeah, I am aware of that, personal mining, even pool mining is dead by now, you won't get your money back. I was also looking into cloud mining but the consensus appears to be that those are all scams and ponzi schemes.

The thing with Monero is that it uses a different algorithm and for some reason can't be mined using specialized hardware, so you can still GPU or even CPU mine it, so I mining it for fun / as a hobby type of thing since I have access to cheap electricity and this is a computer that's on all the time anyway.

Anyway, faucets are fun, I signed to the moon bitcoin one under your referral link.

 

[Qoelet]

About a year or two ago I used to use several Bitcoin faucets Dailly and had built up quite a bit, but the sites never seemed to release the funds into my wallet as they had a minimum which was crazy high (compared to the tiny amounts they'd give each day).

Do either of these sites have a minimum before they transfer your satoshi into your wallet?

 

[DancingLady]

I haven't gotten into bitcoin yet, and don't understand it very well at all, also don't have much free time right now to really research it. I use AVG free antivirus because I can't afford to buy anything. ( At my current earning rate, it would take me nearly a month of online earnings to pay for 1 year of cheap paid anti-virus)

For earning of 21 cents a day, is it really going to be worth the risk? If you are earning this in a matter of a few clicks, I would say it's worth the time to add to my daily routine, but not if it's going to put me high risk of getting malware on my computer, which I probably can't afford to fix should that happen.

 

[GenevB]

I haven't gotten into bitcoin yet, and don't understand it very well at all, also don't have much free time right now to really research it. I use AVG free antivirus because I can't afford to buy anything. ( At my current earning rate, it would take me nearly a month of online earnings to pay for 1 year of cheap paid anti-virus)

For earning of 21 cents a day, is it really going to be worth the risk? If you are earning this in a matter of a few clicks, I would say it's worth the time to add to my daily routine, but not if it's going to put me high risk of getting malware on my computer, which I probably can't afford to fix should that happen.

Faucets are definitely not worth it, I remember clicking lots of them all day for a week, guess what, I almost made a dollar at the end of the week, for full time of clicking and searching. The only way you would get something out of it, would be if you hit the jackpot on some sites like roulette bitcoins.

 

[Noreht]

You can claim three times daily and make 10000 Satoshi with Moon Bitcoin, so not that much to click and the weekly payout minimum is 10000 Satoshi

 

[katie]

Do either of these sites have a minimum before they transfer your satoshi into your wallet?

If you use your own wallet, Moonbit transfers once a week, as long as you have built up over 10,000. If you use Xapo, it pays across immediately.
As Proof of Payment, here's the latest transfer for mine which came through yesterday.

What makes it possible to get a large amount with few clicks on moonbit is the daily loyalty bonus. If you can build that up, it can double your earnings. Mine is currently at 0% as I missed a few days.

 

[Noreht]

This is for two days of clicking on moonbit and Zebra

 

[fcuco]

For earning of 21 cents a day, is it really going to be worth the risk?

I really, really doubt that you could get a virus by using a bitcoin faucet. Those are basically sites that show you ads, so you click a button on the page and they send you satoshi. They are basically paying you to see the ads and that's how they make the money. You don't even have to click on any of the banners.

Anyhow, another cool one is ClaimBTC, what I like about this one is that they pay you once you reach 20.000 satoshi so you don't have to wait for a weekly payment. They have a loyalty program so if you go back every day you earn a bigger percentage of satoshi until you reach 100% more. You can claim every 20 minutes. There is also a little gamification going on because you can use potions to increase your minimum claim and stuff like that, I usually get 250 satoshi on each claim on average.