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Everyone in the world is looking into different ways of how they could earn some extra money. I mean who would say no to that?
And also what if you could combine that with one of your biggest interest? Then that would be a perfect combination for most us. I know I would be interested in that. So what am I talking about? Namely Bitcoin faucets.
A way for you to engage in fun ways to earn some extra BTC. These faucets works a bit differently depending on the site that runs them. But most of them are super easy to use and a fun way of earning extra BTC for free!
So I though I’d spend some time to share my list of the best Bitcoin faucets to use in 2020!
What are Bitcoin faucets?
It is impossible for a person who has even a little bit of know-how about cryptocurrencies or cryptocurrency, in general, to not be familiar with the term Bitcoin.
It is the most popular digital currency around the world and even those not associated with cryptocurrencies, blockchain, or tech will probably have heard about Bitcoin at some point.
Bitcoin has come a long way from the initial launch back in 2009 to now being one of most touted alternative investments in 2020.
This is where faucets swoop in.
A faucet is a website that offers a free method of accumulating Bitcoins.
These methods are different tasks that the user must complete on those websites. Just like a regular faucet drips some water if its knob is a little bit loose, in a similar way a Bitcoin faucet drips small amounts of bitcoins over a set period.
All Bitcoin faucets vary in the number of bitcoins they drip, and each has its own intervals of distribution, however, usually, they range from hundreds to thousands of satoshis. One satoshi is equal to a hundred-millionth of a Bitcoin.
Currently, 0.00000100 BTC is worth $0.0091. It is not a huge amount, but if we keep visiting the faucet frequently, we will eventually have a good amount of Bitcoins to play with.
We will get into this in a while that why these faucets give away bitcoins for free.
How do Bitcoin faucets work?
There are a few different common models in the Bitcoin faucet world. And I will explain the most popular ones and how they work here below.
The more traffic the website attracts, the more money they make. An even better scenario is if the visitors spend some time on the website and click on some ads.
A good example of such faucets is the Moon faucet.
The revenue that they get from advertisements is much more than the we receive in the form of satoshis. In the earlier days of Bitcoin, faucets used to give away as many as 5 bitcoins.
In order to increase the number of visitors on their websites, many faucets have referral programs in place where bitcoins are earned for referrals.
These bitcoins can then be used to get extra rewards.
Many of these webpages are designed in such a way so that it is hard to tell where a user is supposed to click to make a claim.
Many faucet websites also offer gambling and lottery games which can be played using the cryptocurrency which they just claimed. By doing this, the majority of the times the user is returning a small amount of the crypto back to the website.
An example is freebitcoin.
Some bitcoin faucets that along with the above mechanism also use a user’s CPU for the purpose of mining.
The amount of electricity that is consumed by the computer during mining is way more than the number of bitcoins received by the faucet.
The 15 Best Bitcoin faucets in 2020
We will now discuss some of the best Bitcoin faucets to look for in 2020.
1 ) Cointiply
Cointiply is currently amongst the leading bitcoin faucets, due to its huge payouts and a good array of tasks one can carry out to earn satoshis.
The faucet has paid its members over $450,000 since its formation. But what we believe sets it aside from most of its competitors is its highly innate dashboard and friendly user interface.
To get started we need to sign up and then login. A 1% bonus is given for each day a claim is made. The site’s faucet allows you to claim an average of 200 Satoshis per hour.
Once a minimum of 35,000 satoshis is accumulated, we can withdraw our earnings to our cryptocurrency wallet.
Other than the facet, users can earn Bitcoins by more than 20 ways; playing browser games, get paid by clicking ads, watching videos and doing surveys etc.
The site also contains a coin multiplier for those who further want to test their luck. Once we have more than 100,000 satoshis, they can be directly transferred to our Bitcoin wallet.
2 ) Bitcoin Aliens
Bitcoin Aliens has one of the very best paying averages within the industry, averaging a payout of roughly 9,000 satoshis every five minutes.
Currently, approximately 2.5 million users are registered on the website. It also claims to have given away 1090 Bitcoins after its launch in 2014.
Bitcoin Aliens also provides ease of access as we can simply download 5 different faucet apps that it provides on our smartphone, play them on the go and earn bitcoins and other cryptocurrencies in the process.
3 ) BonusBitcoin
BonusBitcoin is one of the oldest faucet websites on this list. It asserts of currently being the highest paying faucet i.e. a possible claim of 5000 satoshis every 15 minutes by a user.
On top of that a 5% bonus is added each day to the user’s account, provided that they have made at least one faucet claim in the previous day.
A withdrawal without any fee charges can be made anytime if the current balance is minimum10,000 satoshis. It also consists of a coin multiplier and offer/surveys section to increase earnings.
4 ) Moon Bitcoin
Moon Bitcoin has a unique selling point – the user gets to decide how often or how little they claim.
However only two limitations are applied. Firstly, there should be a minimum 5 minutes interval between two claims per account or per IP address. Secondly, the user needs a CoinPot bitcoin wallet to claim their rewards. The claimed amount can be increased by 500% by utilizing various schemes provided by the faucet.
5 ) FreeBitcoin
A relatively new faucet that lets people earn bitcoins drawing a number once every hour.
The same can also be done by playing games, betting and weekly lotteries. Presently, there are more than 37,800,300 registered users according to its website.
It allows to earn up to $200 every hour in bitcoins.
A bewildering amount of 200 bitcoins has been paid to users till now by this faucet. Once $1 amount of bitcoin has been reached it can be transferred directly to a user’s bitcoin wallet.
A sign up is required to start playing.
6 ) Blockchain Poker
Blockchain Poker as the name suggests, is a Texas Holdem single-table cash game without any limits. Sign up is not required thus anonymity can be preserved. New visitors are given free 100 satoshis to start playing.
The minimum withdrawal amount is however 100,000 satoshis, which is higher than many of its competitors.
Once a player drops to 50 satoshis, the faucet can refill the amount once every 3 minutes. Either of Bitcoin, Bitcoin Satoshi Vison or Bitcoin Cash can be used to play with.
7 ) Satoshi Quiz
This faucet is one of my favorites as it is more captivating for me than others. One’s random trivia knowledge can be put to good use in this faucet.
It is basically a timed game that resembles “Who wants to be a millionaire”. After signing up, the player is awarded satoshis if he gets the answer to a question right.
Three types of game modes are available – faucet, roulette and solo challenge. Bitcoin payments are processed once in every week with the minimum withdrawal limit being 1100 satoshis.
8 ) Free Faucet
Free faucet allows one to earn bitcoin or any of the 17 available altcoins after signing up. So it’s not only a service to earn free BTC but also a crypto faucet to earn altcoins from!
Bitcoins can be earned by performing a variety of tasks on the website such as completing surveys, signing up on websites, joining mailing lists, and more. People can also participate in Airdrops.
9 ) TimeForBitcoin
A bitcoin faucet where one can get free satoshis every 5 minutes by entering their bitcoin address and captcha.
It doesn’t have the fanciest of websites but it is another crypto faucet platform to add to your list.
Claiming free prizes using the same IP address but different accounts is not allowed. The claim rates increase gradually from 5 minutes up to 1 day. Minimum satoshis that can be withdrawn is 20,000.
10 ) Bitcoinker
One can earn bitcoins in Bitcoinker by interacting with advertisements and solving captcha. Like TimeForBitcoin, only a bitcoin wallet address is needed.
The bitcoins earned keep accumulating into the Bitcoinker user account and upon reaching 20,000 Satoshis, they are sent directly to the bitcoin wallet address.
The faucet claims to dispense up 100,000 satoshis every 5 minutes and a maximum of 120 claims can be made in 24 hours.
Bonuses are also given on payouts depending upon the frequency of user activity.
11 ) BitFun
Gamers can opt for this faucet as bitcoins can be earned in BitFun by playing a wide variety of fun games and watching ads in between.
A claim can be made every 3 minutes after a user signs up on the website. 10,000 satoshis is the minimum withdrawal limit.
Since it is owned by CoinPot and Moon Bitcoin, hence it is reliable.
12 ) GetYourBitcoin
13 ) PentaFaucet
A simple faucet like GetYourBitcoin and TimeForBitcoin where only the bitcoin wallet address is added and satoshis amount varying from 5 to 25 can be claimed every 5 minutes after solving traditional captcha.
14 ) DailyFreeBits
With Daily Free Bits we can claim our rewards every 1 hour and earn between 5 to1200 satoshis.
When a payout threshold of 100 satoshis is reached, Daily Free Bits makes an immediate transfer to our Bitcoin address through Faucethub.io. Only the bitcoin wallet address is needed to be entered. No sign up is required.
15 ) SatoshiLabs
By using this faucet, users can claim from 5 up to 15 free satoshis every 5 minutes.
Earnings can either be accumulated in FaucetHub or directly to the address of your bitcoin wallet after you sign up and reach the payout threshold of 5,000 satoshis.
Users are required to register on the website. Credits can be earned by performing simple tasks.
Faucets serve an important role in the bitcoin ecosystem as they enable a newbie to get a taste of the cryptocurrency without spending any of their own money and without having any technical knowledge of it in the start.
Once they possess enough know-how, they can make serious decisions such as investments.
It is always recommended to move your funds eventually to a much securer and flexible wallet where multiple currencies can be deposited.
One must also not forget that we don’t have to restrict ourselves to just one faucet. In fact, multiple faucets can be opened in different tabs while you are waiting for that average 5-minute interval to be over.
If you want your earnings to be withdrawn instead of the amount withdrawn, you can opt for faucets that have minimum withdrawal limits like DailyFreeBits, Satoshi Quiz, FreeBitcoin or Moon Bitcoin.
Those who don’t mind the high withdrawal limit can wait till they have a huge amount to withdraw from their faucets like Cointiply.
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Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor and trader of Bitcoin and other cryptocurrencies. I caught the attention of Bitcoin like many other several years ago, but it was first around 2016/2017 that I truly got into cryptocurrencies and blockchain technology.
I have since traded, bought, researched and learnt about this new emerging space to the fullest. When not producing crypto-content I create and design new products and businesses. And I want to combine my business experience with my passion to create meaningful content for all our readers.
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Get in touch with me to find out more about Go CryptoWise and what we care about.
Kraken Daily Market Report for May 08 2021
- Total spot trading volume at $2.86 billion, 9% higher than the 30-day average of $2.63 billion.
- Total futures notional at $797.5 million.
- The top five traded coins were, respectively, Ethereum, Bitcoin, Dogecoin, Tether and Ethereum Classic.
- Strong returns from Gnosis (+14%) and Ethereum (+12%).
|May 08, 2021
$2.86B traded across all markets today
Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
#####################. Trading Volume by Asset. ##########################################
Trading Volume by Asset
The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.
Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 08 2021)
Figure 2: Mid-size trading assets: (measured in USD) (May 08 2021)
Figure 3: Smallest trading assets: (measured in USD) (May 08 2021)
###########. Daily Returns. #################################################
Daily Returns %
Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 08 2021)
###########. Disclaimer #################################################
The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.
Legendary Pelé NFT Set to Drop on Ethernity May 8
[Press Release – Los Angeles, California, 8th May, 2021]
Iconic Brazilian footballer Pelé will be immortalized in NFT form on May 8.
The legendary striker, named FIFA World Player of the Century, is getting the tokenized treatment with the release of a licensed aNFT – authenticated non-fungible token – exclusively on the Ethernity Chain at 12pm EST.
The digital presentation includes “THE KING OF FOOTBALL,” an immersive video tracing the player’s humble origins on the streets of Brazil to a packed stadium witnessing his brilliance. The eponymous “Pelé” aNFT, meanwhile, is represented by a hyper-realistic digital bronze bust of the star in his heyday.
As part of the Pelé aNFT collection, Ethernity will be releasing multi-pack trading cards that make a nod to the player’s Panini trading cards of the past.
Ethernity’s special digital trading cards include “Gilded Bicycle Pelé,” which showcases the player executing his signature bicycle kick. The limited edition cards will be part of the Ethernity Cards and Packs Collection launching this summer, 2021.
90% of aNFT sales will go to The Pelé Foundation, a charitable organization that strives to empower young people facing poverty around the world.
Ethernity’s recent Muhammad Ali aNFT auction, which raised over $550,000, also resulted in a significant donation being made to the Muhammad Ali Foundation.
Ethernity is exploring applications for non-fungible tokens (NFTs) within the context of art and philanthropy. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.
Learn more: http://ethernity.io/
Crypto Banter Will Give Away Over $500K To 10 Eligible Community Members
[Press Release – Cape Town, South Africa, 8th May, 2021]
Banter Bags is a unique project in the cryptocurrency world that aims to give back to its community. What initially started as a $10,000 community giveaway is now worth over $500.000. Ten eligible community members will be chosen randomly to receive their share of the spoils once the Crypto Banter Youtube channel surpasses 250,00 subscribers.
The Banter Bags Giveaway is an event created by Ran Neuner, host of CNBC Crypto Trader and founder of Crypto Banter on Youtube. The initial objective was to reward active participation in the community and generate more engagement with the daily streams but as the investments started to grow it became a mechanism to really change some community member lives.
Speaking of pre-market allocations, the Crypto banter team initially put $10,000 in a public Ethereum address. That money was then invested into allocations, with more investments occurring daily to diversify the portfolio further. Several key investments have noted spectacular returns, including Shopx, Aioz, Refineable and Occam. All of these pre-market allocations have gone up in value by a factor of 100 or more.
As the total value of the Banter Bags now exceeds $500,000, a golden opportunity is created for the community. Once the Youtube channel surpasses 250,000 subscribers, ten community members will earn a Banter Bag with the corresponding spoils. The only requirement to be eligible is to subscribe to Crypto Banter on YouTube and follow the Twitter account. Community members can amplify their chances by following @cryptomanran and @sheldon_sniper on Twitter, by liking/commenting on tweets, and engaging with the two daily streams.
The Crypto Banter team adds:
“It started off as a fun idea of giving $10000 to our community, and as we started to invest, we realized that the community loved the idea of investments in pre-market allocations that we previously off-limits for the average investor. With this in mind, we went all in using our influence to reward our community. It was supposed to be a cool $10,000 giveaway to reward the community, and it has landed up becoming an opportunity to change lives. The channel has exploded since we launched this initiative. We’re up by over 100% on every metric, we gained over 100k subscribers and got over 5m views in the last 28 days. More than that, our community has engaged more. They love the idea that we are giving back to them and that we may at any point change another life.”
Five winners have been randomly selected so far, all of which have an amazing story to share. One of the winners, who goes by the name of Irfan, lost his job and was struggling financially. With a pregnant wife expected to give birth in two months, being announced the winner of a Banter Bag triggered a life-changing event for Irfan. Anyone can go through a similar experience once the remaining Bags are given away to community members.
We also announced that one of the bags will be given to a charity and we are currently looking for a viable option.
About Crypto Banter
CRYPTO BANTER was founded by CNBC CRYPTO TRADER host Ran Neuner and is a LIVE STREAMING CRYPTO STATION. We bring you live streaming coverage of the global Crypto markets and give you a chance to call in, break the news, and banter with our guests and hosts. CRYPTO BANTER was created to bring the banter from Crypto Twitter and Telegram to a moderated, curated AV streaming medium. Think of its as a mix of CNBC, JOE ROGAN, and Talk radio for Crypto!
Follow Crypto Banter on YouTube
Follow Crypto Banter on Twitter
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