All the information about crypto faucets below so you can make a decision if you want to get involved.
What are crypto faucets?
Crypto faucets are websites that offer you free crypto currency. All you have to do is enter your crypto wallet address and when you get up to the websites pay threshold you will be paid crypto currency.
How does it work?
For most sites it is very simple. Every hour, three hours, 15 minutes or 5 minutes (depending on the website) you enter your crypto currency address into a box and hit a submit button. You may have to solve a CAPTCHA and then you are done. A small amount of crypto currency is allocated to your crypto address. Rinse and repeat a few thousand times! Once you reach the payment threshold (variable between sites) the site will pay out your earned crypto currency (depending on their payment schedule).
How much can I make?
Don’t expect to be getting rich anytime soon. You are paid very small amounts of crypto currency and it depends on the value of the crypto currency at the time / the fluctuation of prices.
Why do they give you free crypto?
The idea is to give you a small amount of crypto so that you can get your foot in the door and try crypto currencies out without purchasing or having to mine it.
What crypto currencies have faucets?
Nearly all crypto currencies have faucets, there are faucets for Bitcoin, Ethereum, Dogecoin etc.
How do the faucets afford this?
The website owners make their money from advertising and donations. A lot of the sites have lots of advertising plastered around them and will open other windows that contain advertising. Make sure you have a good antivirus!
What do I need to get going?
A link to the faucet websites, a crypto wallet address for the crypto currency you want to get, a timer is helpful, patience will be needed!