How Crypto Faucets work

Crypto faucets are a good way to get to know how trading works without the risk. Looking to get started with crypto currencies, but still too afraid to invest a big amount of money? Faucets are websites or applications that reward users with satoshis for completing a small task. You may be thinking: “Is it really possible to receive free Bitcoins, Dogecoins, Potcoins…?” The answer is yes! The kicker is, you don’t really receive a lot of it. You have to remember that you will be rewarded in satoshis. If you don’t know what a satoshi is, it’s one-hundred-millionth of a bitcoin. It may not be a “get rich quick” sort of setup, but it can help those interested in getting into bitcoin trading. When you complete these tasks and earn satoshis, they immediately go into your micro wallet.

What is a micro wallet you ask?

It’s like the traditional bitcoin wallet, but this one allows you to collect small amounts of Bitcoin and Dogecoins, Liskcoin, WavesCoin… before transferring it to your own wallet. If someone were to directly link a faucet to their traditional bitcoin wallet, the fees would eventually cancel out the coins earned from the faucet. So now you’re probably wondering

How to get a micro wallet, am i right?

Well you’re in luck, because there are no extra steps when it comes to getting a micro wallet Micro wallets are automatically created when someone creates an account with a faucet website. Although they are free, micro wallets usually have a limit of anywhere between 5,000 to 10,000 Satoshis. When this limit is reached, the Satoshis will be paid out to the user’s main wallet.