What is Bitcoin
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
What is Bitcoin Faucet
Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies.The first bitcoin faucet was called The Bitcoin Faucet and was developed by Gavin Andresen in 2010. It originally gave out 5 bitcoins per person.
Rewards are dispensed at various predetermined intervals of time, as rewards for completing simple tasks such as captcha completion and as prizes from simple games like the bitcoin fidget spinner. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin. Typical payout per transaction is less than 1000 satoshi, although some faucets also have random larger rewards. To reduce mining fees, faucets normally save up these small individual payments in their own ledgers, which then add up to make a larger payment that is sent to a user's bitcoin address. As bitcoin transactions are irreversible and there are many faucets, they have become targets for hackers stealing the bitcoins.
To introduce users to bitcoin: Faucets are a great way to help introduce new people to bitcoin, or to altcoins. A majority of faucets provide information to new users as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole experience is so new and a bit complicated to people, who perhaps don't quite trust it with their hard money, this is a beneficial way to promote digital currency and bring in new users.
To get traffic: Faucets are high traffic websites. It is not all that difficult to get a huge number of page views per day to a site which is giving away free money. If a website has other content or services to promote to Bitcoin users, especially new users, a faucet is a great way to bring them to make them familiar with a brand name.
To make money: Making a healthy profit from a faucet site on its own is a lot harder than just making a popular faucet, but it is still possible. There are a lot of these sites around today, so it's a very competitive market, and earning enough from advertising to cover the cost of the coins you are giving away and hosting costs is nearly impossible. Adding additional content to a website, or creating some kind of unique or interesting twist, is the only way to generate an income for a Bitcoin faucet.
It is typical for faucets to have a referral system, where existing users referring new ones are rewarded with a pro rata portion of new users' earnings from the faucet. Unlike illegal pyramid schemes, earnings do not percolate to the top in the chain of referrals. The exact legal status of bitcoin faucets is unclear and can vary by jurisdiction, refer to legality of bitcoin by country.
The setting up of a Bitcoin Faucet involves integrating a payments processor/manager. The owner of the Bitcoin Faucet loads some bitcoin into this payments manager's cryptocurrency wallet. The payout for visitors are given out according to the sites rates/kind of operation.
Bitcoin Faucet System
Welcome to our FreeCryptocurrency' Bitcoin Faucet System, here you will able to Claim your Bitcoin reward every hours Upto 800 Satoshi, which you able to do it for 16 times a day, the count will reset in 24 hours, as for reminder you have to follow our terms and services so we will able to keep this faucet run.
What is Bitcoin Faucet
What is Bitcoin Faucet? Bitcoin Faucet is an online application web-based that giving away reward for users for free, the faucet itself work very simple the users required to solve small task like completing Captcha challenge and human verification, and the users could collect their reward satoshi, Bitcoin Faucet was created to teach people how to invest without losing money and introduce Bitcoin to many people by serve a lot of information about bitcoin and reward them, with it many people will join the fray in faucet.
You have claimed and earn your reward from Bitcoin Faucet, and you trying to be diligent and build up fortune, but did you ever think where you will save your satoshi (micro bitcoin)? The Satoshi that you earn by completing Faucet challenges usually will immedietely deposited into your wallet, there are 2 types wallet, that is Wallet and Micro wallet, where the Wallet perfect for handling bigger transaction, while Mircro wallet perfect for small amounts of Bitcoin (satoshi).
Doing Business with Bitcoin Faucet?
Everyone loves freebies things, while Bitcoin Faucet educating people with bitcoin information on every pages of faucet site, by providing Free Money people will be interested and the site will receive high traffic, as Webmasters said "Traffic Is Money", with high trafic website, advertiser will attracted and it will be generate income, but its pretty hard because they will only accept high-quality Faucet site.
Bitcoin Faucet Giving Money Away?
Do you believe that? Are you Saint or Something like that? Do they really that Generous? the reasons behind Bitcoin Faucet giving away free money to the users because they making some money too, and its from Ads/Ads space, even the worst faucet will serve a lot of banner ads let alone the High-Quality one like Us, whatever if the ads are pay per millie, pay per click, or affiliate links, with that the faucet will build very solid & steady income, but sadly there are some low-quality Faucet cramped with huge number ads while the rewards are pitifully low.
Usually people that invest their time around Bitcoin Faucet, that mean they are very interested with Cryptocurrency/Bitcoin, learning new thing isn't a bad thing, while cryptos industries are very booming and it might in future will even more than today, also Bitcoin Faucet could relieve your stress, no risk, no need to spend your own money on bitcoin investments. Claiming reward process from Faucet can be said very safe, because mostly Faucet working together with Micro-Wallet services like Faucethub.io, send the reward immedietely to your Bitcoin Wallet Address.
Starting with Bitcoin Faucet
To start your journey with our Bitcoin Faucet, you have to make some preparation, create your wallet, connect it to Faucethub.io micro-wallet, prepare your self to complete our Captcha challenge & Human Verification, and be persistent. To Create your wallet you have to visit Blockchain.com (I have used this for 8 years) or the other wallet ledger services, after that you need to copy and paste your Wallet Address to Faucethub.io wallet connector (Watch This Video: Connect The Address), after connect your Blockchain Wallet to Faucethub.io you have to Copy again your Wallet Address into our Bitcoin Faucet "Wallet Address Input Form", then complete the Challenges, After You hitting the Reward Button, our faucet will sent the amount that you just won immedietely to your Faucethub.io account. The last thing is Be persistent with being persistent you will able to make real money somedays and achieve something great in future. (We are very serious with it)
Earn More with our Bitcoin Faucet
For information, you could earn more bitcoin with our faucet system by referring your friends, family, or anyone else upto 10% perclaim forever, What you need to do is only Copy Your Refferal Link and share it anywhere else, like Social Networks, E-mail, Phone, blog, and website.
Advertisements are the main income source of bitcoin faucets. Faucets try to get traffic from users by offering free bitcoin as an incentive. Some ad networks also pay directly in bitcoins. This means that faucets often have a low profit margin. Some faucets also make money by mining altcoins in the background, using the user's CPU.
Description : Highest PayOuts Faucet 2019 : Free BTC instant Payout 20% Referral. Best Faucet to Earn BTC in 2019 that pays daily solving of captcha one of the most reliable and easiest way to claim Bitcoin BTC. Faucet site networks rewards its visitor a BTC after solving captcha.