Ethereum Faucet has become a fun way to obtain Ether freely over the years without going through any exchanges. What are they? How do they work?
What is an Ethereum Faucet?
Generally speaking, an Ethereum Faucet is where you are paid a minuscule amount of ETH with basic ad viewing and clicking. The provided information is then used for the company’s ad revenue and data banks.
Notwithstanding trivial payouts, Ethereum faucets do provide users an alternative way for obtaining crypto assets immediately, without having to purchase them through any exchanges.
An Ethereum Faucet rewards free ETH for a little clicking. Doesn’t that sound incredibly appealing? Let’s thrive deeper into this unique concept.
How to join an Ethereum faucet?
The process is simple, you just need to disable your ad blocker to allow these platforms to bombard you with ad pop-ups, add your Ethereum wallet, and do some tasks on end. This is one of the ways that you get paid. Some faucets even allow you to earn ETH for solving captchas or participating in web-based games.
However, if you are going to participate in faucets, bear in mind that even though these tasks seem easy, indeed they are, but they require you to spend a minimum of 3 hours to earn a little ETH. So If you decide this is your cup of tea, then there are plenty of cryptocurrencies to earn and many faucets to join.
Which Ethereum faucets are available?
Ethereumfaucet.info lets you make a claim every 60 seconds, you just need to enter your Ethereum address and solve the captcha. The platform requires you to make a claim once every 30 days to keep your account active. Otherwise, your account will be deemed inactive and your non-withdrawn balance will be forfeited.
Ethereum-Faucet.org allows you to earn ETH in exchange for solving captchas or playing games. Although the timer is set to 240 minutes between claims, this Ethereum faucet has paid out more than $6,000 in free ETH since its inception on over 6 million claims. Every time you make a claim, you will also obtain a lottery ticket, which can be cashed in for the daily lottery and the potential to win between 0.005 and 0.015 ETH.
ClaimFreeCoins is a web-based platform where you can claim ETH by solving captchas. This Ethereum faucet has a five-minute timer. Users can leverage their referrals with a chance to get a bonus of 50% on their payments.
Speedup-Faucet works just the same: users start earning Ether by solving media like captchas or playing web-based games. The timer is set to 10 minutes between claims, with users able to earn more than 3400 Gwei per claim. The faucet also allows direct depositing of ETH into an Ethereum wallet and offers a referral bonus of 10% on each payment. Every week, the top 10 claimers are awarded a fixed percentage of the total claims, providing users the incentive to stay active on this Ethereum faucet.
FireFaucet allows users to access multiple cryptocurrencies, including Ethereum. Users can make claims every 30 minutes and earn Ether by completing captchas, solving media or engaging in-browser mining. Specifically, users can leverage referrals to obtain an additional 20% on their payments in this Ethereum faucet.
Ethereum faucets in brief
Bear in mind that Ethereum faucets are not an efficient way to accumulate significant amounts of Ether. To tell the truth, you will earn about $2 worth of ETH in an hour of clicking ads and solving captchas. However, faucets offer an alternative way to enter the decentralized ecosystem and start obtaining crypto instantly without going through a handful of registration via exchanges. It’s recommended to choose Ethereum faucets that provide the best time to payout ratio and always check how the funds are distributed before proceeding.
A better way to earn would be to buy your own ETH and let your investment grow tactically. It’s your time and your money, so you decide!