For those who are new to faucethub and don't know how or can't figure how withdrawing is working, i've created a very simple tutorial here with the steps to follow.
But first , a quick reminder :
---- Without a cryptocurrency address added to your faucethub account you can't receive micro payments from faucets, PTCs, etc.
----- In the Most Frequently Asked Questions i used 2 different terms such as internal exchange and exchange. Internal exchange is the one from Faucethub website and the simple term exchange means to a normal exchanging website such as Poloniex/kraken/localbitcoins/etc/.
Ok, let's see the steps how to withdraw :
1. Login to your Faucethub account and select User Dashboard
2. Select Withdraw tab
3. Click on Withdraw Balance from your crypto currency, in this case under bitcoin.
4.Highlight with the mouse the amount you have saved to withdraw ,copy and paste on the right side box. Only the numbers not the "BTC". Click Submit Withdraw Request.
5. Minimum to withdraw , the fees and the pending
There is a minimum threshold required for each cryptocurrency ,for the bitcoin example, the minimum to withdraw is 20000 satoshi. The more you withdraw at once the less fee you will pay. Anyway even 400 satoshi is not to much. the pending might take up to 48 hours ,you will see this message also on the withdraw page about pending.
Fees and minimum withdraw might be subject to change plese see this link :
https://faucethub.io/fees
Latest updates on faucethub specifies that withdrawals for bitcoin are processed only Sundays.
If you want to receive money faster you have to enable that option and pay a 100k satoshi extra fee.
HOW TO ADD YOUR ADDRESS FOR YOUR CRYPTO CURRENCY :
1. Click on Wallet Addresses :
2. Copy and Paste your cryptocurrency address from your wallet , choose the related cryptocurrency and then confirm with "Link this Address+" :
If you need to withdraw a specific cryptocurrency to a specific address just follow the step 3 above 3. Click on Withdraw Balance from your crypto currency, in this case under bitcoin. to get into particular cryptocurrency and then with the drop down menu choose on which address you need to withdraw (in case you have more than 1 address added) :
If you need to delete an address ,just Unlink it :
Most Frequently Asked Questions :
Q: Can i earn cryptocurrencies from faucets/ptcs without a faucethub account ?
A: YES, You can, IF the specific website has mentioned that it pays directly to your wallet (such as bitter.io).
Q: Can i create account on faucethub and claim on faucets without adding the address from a (my) wallet/ exchange account such as Poloniex ?
A: NO, you can't , you need a valid wallet address . Steps to follow are : Create a crypto currency wallet (or an exchange account) , get the address for that cryptocurrency and then add that address to your faucethub account. Only after this you can start registering ,claiming and earning from faucets whih are paying to faucethub.
Q: Can i earn/claim for any type of cryptocurrency supported by faucethub even if i don't have a dedicated wallet for that crypto currency ?
A: NO, you can't because you need a valid address , first create a wallet then attach the address from your wallet to your faucethub account. Your faucethub username does not help on faucets.
A2: YES, if you want to withdraw your cryptocurrency earned to your exchange account such as Poloniex,Kraken,localbitcoins,etc in order to sell for dollars and to avoid paying fees for sending crypto from wallet to your Exchange account. Exchange websites are giving an address as well, when you create an account, to use it .
Q: I am claiming on a faucet, in let's say, blackcoin because the earning rates are better , can i save the blackcoin on faucethub or exchange it internally for something else ?
A: YES for both. You can save it but saving cryptocurrencies on a micro-wallet or exchange account (such as Poloniex) is risky and not recommended . You can use the internal exchange service of faucethub to exchange the blackcoin into something else, specially if the wanted cryptocurrency has a better increase percentage lately.
Q: I'm earning in a cryptocurrency but do i have to withdraw balance only in that cryptocurrency ?
A: NO. you can sell(exchange) it for your prefered one, such as bitcoin.
Q: On point 2 from HOW TO ADD YOUR ADDRESS FOR YOUR CRYPTO CURRENCY i see an important note :
"Please do not use multiple addresses to abuse faucets. In order to protect Faucet Owners and our users, our Anti-Fraud System will freeze your account permanently resulting in information you provided to us (username, wallet addresses & email address) to be blacklisted and access to your account permanently restricted. For more information please read the Terms & Conditions."
What does it mean ?
A: You can add more addresses to faucethub for a specific cryptocurrency but when registering/claiming on a faucet/ptc, you are allowed to use only 1 .
Q: I have more than 1 address added to my faucethub account for a specific cryptocurrency so which one can i use it to withdraw ?
A: If you have only 1 wallet per cryptocurrenciy then 1 address should be enough to add on your faucethub account. HINT : A second address can be used if you do not want to save all the time to a wallet but also for withdrawing to your Poloniex,localbitcoins,etc account if you want to sell the crypto for dollars, or if you have to pay a debt to a friend you can withdraw to his address without needing to withdraw first to your wallet directly and then sending money to your friend and risk to pay huge fees. Just pay attention when you use more than 1 address for a specific crypto currency on faucethub so you won't send money by mistake somewhere else.
Q: I have an account on Poloniex/Kraken/localbitcoin , can i withdraw there from faucethub without needed to create a wallet ?
A: YES. Not tested personally but faucethub should send your requested money anywhere you asked to be sent . In fact you save fees if you withdraw where you selling for dollars and not storing in a wallet first. Please check first the exchange Terms or mnimum amount to sell for dollars so you can plan efficiently your coins or choose another exchange .
Q: Ive heard that is risky and not safe to store cryptocurrency on my Poloniex/localbitcoins/Kraken/etc account due to government shut down or hacking risks, where it is better to send my earned money from faucethub ?
A: Ideal is to send to a dedicated wallet and store there until you sell for dollars even if you have to pay fees when sending to sell for dollars. It is much safer this way.
Q: Why do i have to create a faucethub account and why 99% of the faucets are paying to faucethub first ? Why is it so complicated ?
A: Its not complicated at all, all you need is a valid address to add it to your faucethub account and then use it on faucets. The main reason the most faucets are paying first to faucethub is because in the past and perhaps now too, some wallets are not accepting incoming payments less/smaller than 20k satoshi so the key role of faucethub is to help you to collect and save small amounts of satoshis from different faucets until you reach that 20k satoshi accepted by some wallets such as xapo, and perhaps coinbase and many more. Thats the definition and main purpose of micro-wallet. to help you to collect and save micro payments.
Good luck on earning cryptocurrencies !
But first , a quick reminder :
---- Without a cryptocurrency address added to your faucethub account you can't receive micro payments from faucets, PTCs, etc.
----- In the Most Frequently Asked Questions i used 2 different terms such as internal exchange and exchange. Internal exchange is the one from Faucethub website and the simple term exchange means to a normal exchanging website such as Poloniex/kraken/localbitcoins/etc/.
Ok, let's see the steps how to withdraw :
1. Login to your Faucethub account and select User Dashboard
2. Select Withdraw tab
3. Click on Withdraw Balance from your crypto currency, in this case under bitcoin.
4.Highlight with the mouse the amount you have saved to withdraw ,copy and paste on the right side box. Only the numbers not the "BTC". Click Submit Withdraw Request.
5. Minimum to withdraw , the fees and the pending
There is a minimum threshold required for each cryptocurrency ,for the bitcoin example, the minimum to withdraw is 20000 satoshi. The more you withdraw at once the less fee you will pay. Anyway even 400 satoshi is not to much. the pending might take up to 48 hours ,you will see this message also on the withdraw page about pending.
Fees and minimum withdraw might be subject to change plese see this link :
https://faucethub.io/fees
Latest updates on faucethub specifies that withdrawals for bitcoin are processed only Sundays.
If you want to receive money faster you have to enable that option and pay a 100k satoshi extra fee.
HOW TO ADD YOUR ADDRESS FOR YOUR CRYPTO CURRENCY :
1. Click on Wallet Addresses :
2. Copy and Paste your cryptocurrency address from your wallet , choose the related cryptocurrency and then confirm with "Link this Address+" :
If you need to withdraw a specific cryptocurrency to a specific address just follow the step 3 above 3. Click on Withdraw Balance from your crypto currency, in this case under bitcoin. to get into particular cryptocurrency and then with the drop down menu choose on which address you need to withdraw (in case you have more than 1 address added) :
If you need to delete an address ,just Unlink it :
Most Frequently Asked Questions :
Q: Can i earn cryptocurrencies from faucets/ptcs without a faucethub account ?
A: YES, You can, IF the specific website has mentioned that it pays directly to your wallet (such as bitter.io).
Q: Can i create account on faucethub and claim on faucets without adding the address from a (my) wallet/ exchange account such as Poloniex ?
A: NO, you can't , you need a valid wallet address . Steps to follow are : Create a crypto currency wallet (or an exchange account) , get the address for that cryptocurrency and then add that address to your faucethub account. Only after this you can start registering ,claiming and earning from faucets whih are paying to faucethub.
Q: Can i earn/claim for any type of cryptocurrency supported by faucethub even if i don't have a dedicated wallet for that crypto currency ?
A: NO, you can't because you need a valid address , first create a wallet then attach the address from your wallet to your faucethub account. Your faucethub username does not help on faucets.
A2: YES, if you want to withdraw your cryptocurrency earned to your exchange account such as Poloniex,Kraken,localbitcoins,etc in order to sell for dollars and to avoid paying fees for sending crypto from wallet to your Exchange account. Exchange websites are giving an address as well, when you create an account, to use it .
Q: I am claiming on a faucet, in let's say, blackcoin because the earning rates are better , can i save the blackcoin on faucethub or exchange it internally for something else ?
A: YES for both. You can save it but saving cryptocurrencies on a micro-wallet or exchange account (such as Poloniex) is risky and not recommended . You can use the internal exchange service of faucethub to exchange the blackcoin into something else, specially if the wanted cryptocurrency has a better increase percentage lately.
Q: I'm earning in a cryptocurrency but do i have to withdraw balance only in that cryptocurrency ?
A: NO. you can sell(exchange) it for your prefered one, such as bitcoin.
Q: On point 2 from HOW TO ADD YOUR ADDRESS FOR YOUR CRYPTO CURRENCY i see an important note :
"Please do not use multiple addresses to abuse faucets. In order to protect Faucet Owners and our users, our Anti-Fraud System will freeze your account permanently resulting in information you provided to us (username, wallet addresses & email address) to be blacklisted and access to your account permanently restricted. For more information please read the Terms & Conditions."
What does it mean ?
A: You can add more addresses to faucethub for a specific cryptocurrency but when registering/claiming on a faucet/ptc, you are allowed to use only 1 .
Q: I have more than 1 address added to my faucethub account for a specific cryptocurrency so which one can i use it to withdraw ?
A: If you have only 1 wallet per cryptocurrenciy then 1 address should be enough to add on your faucethub account. HINT : A second address can be used if you do not want to save all the time to a wallet but also for withdrawing to your Poloniex,localbitcoins,etc account if you want to sell the crypto for dollars, or if you have to pay a debt to a friend you can withdraw to his address without needing to withdraw first to your wallet directly and then sending money to your friend and risk to pay huge fees. Just pay attention when you use more than 1 address for a specific crypto currency on faucethub so you won't send money by mistake somewhere else.
Q: I have an account on Poloniex/Kraken/localbitcoin , can i withdraw there from faucethub without needed to create a wallet ?
A: YES. Not tested personally but faucethub should send your requested money anywhere you asked to be sent . In fact you save fees if you withdraw where you selling for dollars and not storing in a wallet first. Please check first the exchange Terms or mnimum amount to sell for dollars so you can plan efficiently your coins or choose another exchange .
Q: Ive heard that is risky and not safe to store cryptocurrency on my Poloniex/localbitcoins/Kraken/etc account due to government shut down or hacking risks, where it is better to send my earned money from faucethub ?
A: Ideal is to send to a dedicated wallet and store there until you sell for dollars even if you have to pay fees when sending to sell for dollars. It is much safer this way.
Q: Why do i have to create a faucethub account and why 99% of the faucets are paying to faucethub first ? Why is it so complicated ?
A: Its not complicated at all, all you need is a valid address to add it to your faucethub account and then use it on faucets. The main reason the most faucets are paying first to faucethub is because in the past and perhaps now too, some wallets are not accepting incoming payments less/smaller than 20k satoshi so the key role of faucethub is to help you to collect and save small amounts of satoshis from different faucets until you reach that 20k satoshi accepted by some wallets such as xapo, and perhaps coinbase and many more. Thats the definition and main purpose of micro-wallet. to help you to collect and save micro payments.
Good luck on earning cryptocurrencies !
Last edited:
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