The availability of 'free coins' provides the ability to acquire small amounts of cryptocoins at no financial expense. There is, however, a
significant time/labor cost involved.
Where are the Free Coins?
Cryptocoins can be acquired, or really earned, from websites called faucets.
These sites display ads; you visit the site and are paid to view them (this is
called a 'claim' or 'reward'). The site is paid by the advertiser for that view, whether or
not you read the ads on the page. Of course, when something is free there will
always be those that try to take advantage. 'Bots' (software that attempts to
mimic human interaction) have been created to visit the sites and drain the
coins. The faucet sites therefore employ methods to ensure a human is performing
the pageview. Claims are also restricted to once per time period, which can be
anywhere from 1 minute to 1 day.
What Anti-Bot Methods are Used?
To foil the bots, faucet owners add questions which must be answered
correctly in order to make a claim. The typical method is using a Captcha box,
which displays text in a window which you have to type out, or a set of pictures
where you select the ones with, say, road signs. With the text captchas the text is usually
blurred or obscured in some manner, sometimes almost too difficult to read for a
human. There could be two, or even three of these to solve before completing the
How Am I Paid?
Most faucets pay to a microwallet. A microwallet is a site that stores your
coins (really partial coins as faucets pay out in micro units or less) and
allows you to withdraw to your real wallet when a certain threshold is met. The
faucet sites deposit larger amounts of coins into the microwallet site, and the
microwallet manager moves the tiny claims from those balances into your account. The
main reason for this is that the cost to send tiny amounts on a cryptocurrency network
is prohibitive; also, millions of transactions worth much less than a US penny
each just bloats the blockchain at both transaction time and in the ledger. The
most popular microwallet is
FaucetHub, and we highly recommend it. Beware of using ePay.info, they are
not honoring transfers out, but the site is still running.
There are some faucets that pay direct to your wallet. All of these
have minimum thresholds to meet before transferring; your balance accumulates on
their site until it meets the required threshold.
It is best to accumulate a larger amount before transferring to your wallet
from either a microwallet or direct pay site (when they allow selecting the
threshold). By doing so, you will reduce the number of 'pieces' you have in your
wallet. When you eventually send those coins from your wallet each piece is a
separate entry in the transaction, and the transfer fee you pay is based on
transaction size. There have been cases of almost half the value of a transfer
going to transaction fees because the transfer size was so large.
Where Can I Find These Faucets?
Links to a list of faucets for each of several coin types is provided on the
right side of this web page, under Useful Links. Before using them, you need a
wallet for the coin type you plan to accumulate. If you are unfamiliar with
crypto wallets, we have written a short article on them. By using the
faucet links provided on
our site, a tiny amount of referral compensation may be dispersed to us. This
will help defer our costs to maintain this site, and possibly allow us to
distribute some back to our users.
Are There Other Ways to Get Coins?
Several places, including FaucetHub, offer surveys which you can complete in
order to earn Bitcoins. You first need to qualify for the survey; these
qualifications include location, age, gender, interests, etc. These surveys
generally pay out from ten to perhaps fifty thousand satoshi; the value of this
is around ten to fifty cents, depending on the price of a Bitcoin. To complete
them honestly will take between ten and thirty minutes, so you are being paid
less than a dollar per hour (sometimes much less).
You will not get rich claiming from faucets and completing surveys. However, they are a good way to
accumulate a small amount of coins and learn more about cryptocurrencies in
general. We recommend trying them out, it will be a wonderful learning
experience at no cost other than your time. FaucetHub has an active chat window,
where you can socialize, learn about new faucets, and even get an occasional
small disbursement of coins. A finer collection of rogues haven't been assembled
since Balzac wrote his Droll stories; stop in and say hi to scouse, huckleberry,
dante, and all the other characters who pop in and out on the chat.
Some words of caution: make sure your antivirus software is updated and
running. The faucets themselves are mostly all clean, but the windows they
launch occasionally have suspicious activity. Ad blocking software must be
disabled or the faucet won't allow the claim to proceed, and that removes some
of your protection.
Often faucets will go 'dry' as they run out of funds. Until they refill you
will need to find other sites to use.
How Do I Start
Step 1: Obtain a wallet for each coin you are
interested in. Bitcoin, Litecoin, and Dogecoin are a good start.
Step 2: Create an account on
Step 3: Under receiving addresses in each of your wallets,
create a new (or use an existing) address, and plug in these values on FaucetHub
under Wallet Addresses (for each coin type)
Step 4: Visit some faucets, and start making claims
(you will need to use those same coin addresses on each faucet where instructed to
fill it in)
Step 5: When the balance at the microwallet gets
large enough, you can transfer to your wallet. At this point you can
exchange for another coin, fiat money, or buy something with the cryptocoins!
Step 6: You can perform the same functions at another microwallet
Step 7: Consider using some direct to wallet faucets