What’s A Faucet?
Bitcoin faucets are websites where you can get free Bitcoins.
To use a faucet, you will need:
- A Bitcoin address
- A Bitcoin wallet
Most faucets pay to FaucetBOX or Paytoshi accounts. Registration on these sites is not required, they will automatically create your account when you claim Bitcoins on faucets that use them. Once you claim on a faucet, the faucet will send the amount you claimed to one of these sites, which will automatically create your account (if you don’t already have one) and credit it with that amount of Bitcoins. Remember to use the same Bitcoin address every time you claim, as that is what identifies you on FaucetBOX and Paytoshi.
You can always check your account balance on their home pages. You don’t need a password, only your Bitcoin address. Once you reach a certain payout threshold (which you can set), the site will pay the balance in your account to your Bitcoin address. Note that if you are using local wallets downloaded on your computer or phone, you might not want to set that threshold too low as that would mean more payouts, which could slow down your wallet with too many transactions.
Some faucets offer instant payout to Xapo users, so you can bypass holding Bitcoins on their site or on FaucetBOX or Paytoshi.
Faucets generally do not offer a great amount of Bitcoins in exchange for your time, however. They are a way to get started on Bitcoins if you are completely new to them and want some funds to start with.