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Understanding Bitcoin Faucets

November 23, 2016 at 4:42 am

Bitcoin faucets are sites that offer rewards, which are referred to as Satoshi. These rewards tend to vary depending on the site you use and payment claims you make. They can range between 100 and 10000 Satoshis. You need to understand how faucets work and how to exploit them to earn money. Here are some critical aspects you need to know before you begin to use the sites.

Best Bitcoin Faucets

How to Make Money

· Watching Videos

Some faucets offer users money when you watch videos on their sites. The videos usually encourage users to perform certain tasks or include ads. Bitcoin faucets place several ads on their websites and their main objective is to get as many clicks as possible from users.

· Making Bitcoin Purchases

Other faucets require you to make a purchase using bitcoins to earn Satoshi. This is a great advantage for users because it means that you actually get paid for buying something you need. The sites usually require you to provide your bitcoin address for you to qualify for the free bitcoins.

· Performing Analytical Tasks

You can also put your mind to work and perform some logical tasks to make bitcoins. Some faucets provide tasks that require solutions, making your experience even more exciting.

· Answer Forum Questions

Users can also participate in forums on the sites to get Satoshis. The questions are usually designed to develop the bitcoin sites. This is a great way to interact with other bitcoin enthusiasts. The forums focus on current events in the industry and attempt to enhance knowledge among participants.

How to Predict Your Earnings

You can predict the amount of bitcoins you can earn on a site. This is a great way to select bitcoin faucets. It is important to know how long it will take before you can make earnings. The websites usually indicate the amount of Satoshis you can make in an hour and whether there is a minimum payout.

Referral Systems

Many bitcoin faucets provide referral systems. These systems allow users to earn additional money for introducing other people to the sites. The systems offer commissions that range widely depending on the site you use. The referral system is essential for the sites because it allows them to get a lot of traffic. They motivate users to visit the sites several times to earn additional rewards. You have to be active on the site to enjoy the commissions.

Free bitcoin faucets are your best option if you are in search of a simple way to get money. You will have to invest some of your time. But it will be worth it when you accumulate the bitcoins. Find sites that offer high payouts and allow you to withdraw your earnings at your convenience. You also need to participate actively to enjoy the benefits they offer. Using the faucets is also a good way to learn about the bitcoin market. There are several reputable options available and you can contact other users for a review before you invest your time on a site.