Thanks for this list!!!
At first, I didn't quite understand what this was. I deduced it might have something to do with receiving a drip of free cryptocurrency. So I clicked on one of the links at random:
If you scroll down, it has a pretty good FAQ in what a faucet is, and why they are giving away money. They admit that they make money from all the ads on their site, and use that income to fund the faucet.
Interesting concept, and I may try a few!
http://takefreebitcoin.com/?utm_source=referral&utm_campaign=6be6601454
Does anyone have any experience with any of these sites, or this faucet concept in general? Any caveats to be aware of?
Hi Kenny,
I haven't tried any of these listed sites, or any faucet in the past 3 years, but my general experience has been that the rewards they offer are nowhere near worthy compensation for your time. In return for filling out captchas or watching 30 seconds of an ad, you get maybe 1/1000th of a cent of BTC or some altcoin; not worth the effort by any standard!
While they could potentially be useful for learning to play with an altcoin you have 0 of, they generally require an accumulation of enough value to "withdraw", meaning visitng the faucet 10's to 100's of times in order to get paid once, and still seeing maybe 1 collective cent of value. Don't get me wrong, this isn't done out of malace, but in order to offset the transaction fee, and to overcome the minimum transaction size, the faucet can't just pay out a decent amount on one visit without costing the person running it more than they profit from the ads. There may be some faucets ran to promote a new altcoin in this fashion, so those I don't discourage you from trying out, if you can manage to find one.
There are also android apps with faucets, such as "free bitcoin", but I can't promise they're not malware. And they also suffer from the aforementioned pitfalls.
You're welcome. I've been tapping bitcoin faucets for a little more than 2 years. It is a lot of work and can become tedious at times but it is a good way to generate a decent amount of free bitcoin to invest into other alternate currencies or to just learn how bitcoin transactions work and hold it. The reason I make a list is because these faucets pay additional rewards when you have referrals. There is nothing to invest and no cost to earn free bitcoin from these faucets other than the time it takes to visit the page and fill out a captcha.