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Crypto¢oin Corner

Information and Resources for the Cryptocurrency World


Cryptocurrency Prices  Useful Links and Information

Bitcoin (BTC)18119.30 (USD)0.72%
Litecoin (LTC)307.52 (USD)12.22%
Dogecoin (DOGE)0.0039953 (USD)11.45%
Ethereum (ETH)706.80 (USD)6.6%
Dash (DASH)918.36 (USD)5.1%
Monero (XMR)329.17 (USD)7.8%
Updated 16 Dec 2017 12:45:02 UTC


 



Free Cryptocoins

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 claim.

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).

Further Thoughts

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 FaucetHub
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


Faucet Links
Bitcoin (BTC)ListRotator
Bitcoin Cash (BCH)ListRotator
Bitcore (BTX)ListRotator
BlackCoin (LTC)ListRotator
Dash (DASH)ListRotator
Dogecoin (DOGE)ListRotator
Ethereum (ETH)ListRotator
Litecoin (LTC)ListRotator
Peercoin (PPC)ListRotator
Primecoin (XPM)ListRotator
Cryptocoin Glossary


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