While some in the crypto community may judge me for this, I have to admit that I’m a fan of crypto faucets. Sure, the payouts are small and the time spent may seem wasted to some people, but I’d argue it’s a better way to spend a minute than most things you can do on the internet, especially for those of us who sit at a computer all day.
The main reason I would argue these faucets are worth it for some people is the probability of value appreciation. Earning $20 of crypto today could be worth far more in a few years — although, you’re investing your time rather than your capital and it’s likely small potatoes for many people.
Now that I’ve gotten that caveat out of the way to satiate the faucet-haters, let’s dive into what I look for in a quality faucet worth ‘investing’ time into.
- Hourly (or longer) between payouts. Trying to click something every 5 or 15 minutes isn’t practical or efficient.
- Decent lowest payout — i.e. the most likely payout for each click shouldn’t be total crap.
- Referral program.
- Withdrawal limit is low or non-existent.
- Withdrawals can be made directly to any address, no need for additional registrations and extraneous third-party faucet “hubs.”
- Reputable website with a solid track record.
While I’m sure some people will disagree with me, as I often see people recommending sites like CoinPot, I prefer to stick to a select group of faucet sites.
These two sister sites are the safest options in my opinion and they both pay fairly well. FreeBitcoin has over 17.8 million registered users and FreeDogecoin has around 3.8 million, so you’re in good company on these two faucets. Both sites include provably fair betting options, but only FreeBitcoin offers 4.08% interest on all balances over 30,000 satoshis.
CoinFaucet’s four crypto faucets are very good options. While I wish the sites would add a rewards program, they are still solid and meet all of the above criteria. Apart from the Bitcoin faucet, which isn’t nearly as profitable as the previous one, these options rely on some faith in the future of altcoins.
Truthfully, I’m not sure about this one. I’ve seen people say its the most profitable option, and I’ve never had any issues, but it also rewards users in “coins” that are then converted into USD and withdrawn as Bitcoin. So, who knows.
While faucets are generally considered a waste of time, the above websites at least offer the potential for reliable and withdrawable earnings in assets that could appreciate in value. If you’re interested in a more comprehensive list of options, I’d recommend this Medium post.
Did we miss your favorite faucet? Let us know in the comment section.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.